Current Events > US gains 4.8 million jobs in June; unemployment rate falls to 11.1%

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SK8T3R215 07/02/20 9:01:49 AM #1:	Nonfarm payrolls jumped by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%. The report was released a day earlier than usual due to the July Fourth U.S. holiday. The jobs growth marked a big leap from the 2.7 million in May, which was revised up by 190,000. The June total is easily the largest single-month gain in U.S. history. The numbers capture the move by all 50 states to get activity moving again after the virus seized up much of the U.S., particularly service-related industries. However, because the government survey comes from the middle of the month, it does not account for the suspension or rollbacks in regions hit by a resurgence in coronavirus cases. Leisure and hospitality again accounted for the biggest jump, as the sector saw a 2.1 million gain, accounting for about 40% of the total growth. Another big contributor to the decline of the jobless rate was a plunge in those on temporary layoff. That total fell by 4.8 million in June to 10.6 million after a decrease of 2.7 million in May. The short-term jobless level fell by 1 million to 2.8 million. https://www.cnbc.com/2020/07/02/jobs-report-june-2020.html --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:941564063] in US gains 4... [t:78818942]...</cite> <quote>Nonfarm payrolls jumped by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%. The report was released a day earlier than usual due to the July Fourth U.S. holiday. The jobs growth marked a big leap from the 2.7 million in May, which was revised up by 190,000. The June total is easily the largest single-month gain in U.S. history. The numbers capture the move by all 50 states to get activity moving again after the virus seized up much of the U.S., particularly service-related industries. However, because the government survey comes from the middle of the month, it does not account for the suspension or rollbacks in regions hit by a resurgence in coronavirus cases. Leisure and hospitality again accounted for the biggest jump, as the sector saw a 2.1 million gain, accounting for about 40% of the total growth. Another big contributor to the decline of the jobless rate was a plunge in those on temporary layoff. That total fell by 4.8 million in June to 10.6 million after a decrease of 2.7 million in May. The short-term jobless level fell by 1 million to 2.8 million. https://www.cnbc.com/2020/07/02/jobs-report-june-2020.html </quote> ... Copied to Clipboard!
Doom_Art 07/02/20 9:03:24 AM #2:	Is this a similar case to last month where we find out a few days later that they were fudging the numbers --- Not removing this until Mega Man 64 is released on the Wii Virtual Console. Started on: 12/1/2009 https://imgur.com/mPvcy <cite>Doom_Art posted [p:941564108] in US gains 4... [t:78818942]...</cite> <quote>Is this a similar case to last month where we find out a few days later that they were fudging the numbers </quote> ... Copied to Clipboard!
SK8T3R215 07/02/20 9:06:27 AM #3:	Doom_Art posted... Is this a similar case to last month where we find out a few days later that they were fudging the numbers You mean this part that's been reported by BLS since March? The headline unemployment rate was understated sightly due to counting errors at the Bureau of Labor Statistics. Workers who still have jobs but have not been working are being counted as employed and even though they are supposed to be considered unemployed under BLS rules. However, the BLS said that discrepancy declined considerably in June, making the actual unemployment rate only about 1 percentage point higher than the reported level. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:941564177] in US gains 4... [t:78818942]...</cite> <quote>Doom_Art posted... </cite> <quote>Is this a similar case to last month where we find out a few days later that they were fudging the numbers</quote> You mean this part that's been reported by BLS since March? The headline unemployment rate was understated sightly due to counting errors at the Bureau of Labor Statistics. Workers who still have jobs but have not been working are being counted as employed and even though they are supposed to be considered unemployed under BLS rules. However, the BLS said that discrepancy declined considerably in June, making the actual unemployment rate only about 1 percentage point higher than the reported level. </quote> ... Copied to Clipboard!
DarkRoast 07/02/20 9:08:57 AM #4:	And now that everything is shutting down again due to exceptionally shitty leadership, it's kind of a moot point --- Well allons-y, Alonso! <cite>DarkRoast posted [p:941564241] in US gains 4... [t:78818942]...</cite> <quote>And now that everything is shutting down again due to exceptionally shitty leadership, it's kind of a moot point </quote> ... Copied to Clipboard!
Wii_Shaker 07/02/20 9:13:00 AM #5:	These numbers are more BS than China's Covid-19 numbers. --- "He busted in, blessed be the Lord Who believe any mess they read up on a message board" -MF DOOM <cite>Wii_Shaker posted [p:941564330] in US gains 4... [t:78818942]...</cite> <quote>These numbers are more BS than China's Covid-19 numbers. </quote> ... Copied to Clipboard!
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The Trent 07/02/20 9:14:02 AM #7:	vee believe in nahthing lebowski --- i swear to God most of y'all cats just don't know The Trent you barely know yourself so i guess most of y'all should be offended <cite>The Trent posted [p:941564360] in US gains 4... [t:78818942]...</cite> <quote>vee believe in nahthing lebowski </quote> ... Copied to Clipboard!
DarkRoast 07/02/20 9:15:53 AM #8:	--- Well allons-y, Alonso! <cite>DarkRoast posted [p:941564419] in US gains 4... [t:78818942]...</cite> <quote> </quote> ... Copied to Clipboard!
Balrog0 07/02/20 9:16:03 AM #9:	Nice --- But to you who are listening I say: Love your enemies, do good to those who hate you, bless those who curse you, pray for those who mistreat you. <cite>Balrog0 posted [p:941564424] in US gains 4... [t:78818942]...</cite> <quote>Nice </quote> ... Copied to Clipboard!
BudDupree48 07/02/20 9:17:39 AM #10:	Thats crazy. I just got an update that says 1.94 million new cases of unemployment tho as well --- BANG BANG STEELER GANG <cite>BudDupree48 posted [p:941564469] in US gains 4... [t:78818942]...</cite> <quote>Thats crazy. I just got an update that says 1.94 million new cases of unemployment tho as well </quote> ... Copied to Clipboard!
SK8T3R215 07/02/20 10:07:01 AM #11:	DarkRoast posted... And now that everything is shutting down again due to exceptionally shitty leadership, it's kind of a moot point Yeah this survey is done by mid month so all the shutdowns after that aren't reflected in it. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:941566062] in US gains 4... [t:78818942]...</cite> <quote>DarkRoast posted... </cite> <quote>And now that everything is shutting down again due to exceptionally shitty leadership, it's kind of a moot point</quote> Yeah this survey is done by mid month so all the shutdowns after that aren't reflected in it. </quote> ... Copied to Clipboard!
BudDupree48 07/02/20 10:08:12 AM #12:	the fed pumps in cash, they prob pump these numbers too --- BANG BANG STEELER GANG <cite>BudDupree48 posted [p:941566097] in US gains 4... [t:78818942]...</cite> <quote>the fed pumps in cash, they prob pump these numbers too </quote> ... Copied to Clipboard!
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Current Events > US gains 4.8 million jobs in June; unemployment rate falls to 11.1% (+) Yeah! (+)

Current Events > US gains 4.8 million jobs in June; unemployment rate falls to 11.1%