The last two months have given economists a bleak look at how the US jobs recovery is progressing. December payroll growth wasand marked the smallest one-month job gain of 2021. November's disappointing job creation was only revised slightly higher. After healthy job additions in the summer and fall, the final months of 2021 signal a major stumble in the labor market's rebound.
These surveys are both tracking very similar things — how many Americans are working — but recent months have shown a wild divergence between the two readings. The household survey generally has a broader definition of employment. It includes those on unpaid leave as well as self-employed people and gig workers. Yet the household survey doesn't double-count people who have two jobs, whereas the establishment survey would count those people twice.
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US adds just 199K jobs in December jobs reportThe month’s hiring totals marked an improvement from a dismal November report in which the US economy added just 210,000 jobs, well below expectations. You're leaving out that the 3.9% was far better than expected. 🍒 Picking
Source: nypost - 🏆 91. / 67 Read more »
Jobs disappoint in December, but unemployment falls to 3.9%The US added 199,000 jobs in December, and the unemployment rate fell to 3.9%, marking a new pandemic era low. But Omicron could still slow the recovery. Feel good friday...I got a tattoo that says 'cachinnant donec cacas' which is latin for 'we are all human beans'. Be good to each other. Amen. It’s a play on numbers. They don’t count the people denied unemployment for being fired for refusing the vaccine
Source: cnnbrk - 🏆 393. / 55 Read more »
December 2021 jobs report: US employers add 199K jobs, unemployment falls to 3.9%The December 2021 jobs report showed U.S. employers added a modest 199,000 jobs, while the unemployment rate fell sharply. workers coming back from pandemic. BUT WE THE PPL R SUFFERING/DYING FROM DEMS' SPIRALING OUT OF CONTROL INFLATION/RECKLESS SPENDING, N HIGH GAS N ENERGY PRICES/KILL ENERGY-INSANITY. for the needy, its a choice bet food, heating, or gas. Those numbers are manipulated. There are still over 10 million people out of work that's been sitting on covid assistance they are counted as being employed when they are not. When you add the people in covid assistance from the fed to the number it is more like 9% unemployed.
Source: FOX29philly - 🏆 570. / 51 Read more »
U.S. job growth seen accelerating in December; record job creation anticipated for 2021U.S. employment growth likely picked up in December, culminating in record job creation in 2021, but the labor market could temporarily lose its luster as raging COVID-19 infections cause disruptions at businesses and schools.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. Economy Adds 199,000 Jobs In December, Unemployment Rate Falls To 3.9%U.S. economy continued to be slowed by Covid disruptions in December, with 199,000 job added, far below expectations. Still, the unemployment rate fell to 3.9%, bringing it closer to the rate it wa… Well short of the 422K goal but who wants to put that in the article or headline ¯\\_(ツ)_/¯
Source: DEADLINE - 🏆 109. / 63 Read more »
Hiring falters in December as payrolls rise only 199,000, though the unemployment fell to 3.9%Nonfarm payrolls were expected to increase by 422,000 in December, according to economists surveyed by Dow Jones. I see a lot of covid news all day. but honestly in TX everything is open and no one seems the bit concerned. The rich are richer and the poor are the same level of poor. They need to get a new set of Economists because I've been watching this for years now and these guys are way off. Times have changed, find better predictors. Maybe Fred Flintstone?
Source: CNBC - 🏆 12. / 72 Read more »