Article

2023-11-04 Economy

Possible Softening of the Economy: latest BLS data

Total nonfarm payroll employment increased by 150,000 in October, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, government, and social assistance. Employment declined in manufacturing due to strike activity.
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The change in total nonfarm payroll employment for August was revised down by 62,000, from +227,000 to +165,000, and the change for September was revised down by 39,000, from +336,000
to +297,000. With these revisions, employment in August and September combined is 101,000 lower than previously reported.
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With the continuing recovery from the pandemic (many teachers not in workforce during the worst of it) and the effects of the mega fiscal bills, some $5 Trillion or so, the latest of which, The American Rescue Plan has yet to be completely spent, it is difficult to restrain the excess in the economy but maybe the Fed's tightening is finally having an effect.

Posted by lord garth 2023-11-04 00:00|| || Front Page|| [11132 views ] Top

#1 Bigger Question:
How many of the jobs counted were taken by Illegal Immigrants and/or NON-Citizens?

Posted by NN2N1 2023-11-04 06:53|| 2023-11-04 06:53|| Front Page Top

#2 ADDED DATA
Given the illegal alien population has risen to approximately 16.4 million as of 2022. So it would be safe to assume that between 8 and 10 MILLION US Jobs have been taken already.

Posted by NN2N1 2023-11-04 06:58|| 2023-11-04 06:58|| Front Page Top

#3 #2 You're assuming that the illegals are in USA to work.

Posted by Grom the Reflective 2023-11-04 07:06|| 2023-11-04 07:06|| Front Page Top

#4 Given the illegal alien population has risen to approximately 16.4 million

You would dare challenge a growing Big-Pharma client base ?

Posted by Besoeker 2023-11-04 07:06|| 2023-11-04 07:06|| Front Page Top

#5 ^When they couldn't get the vax back home.

Posted by Skidmark 2023-11-04 07:59|| 2023-11-04 07:59|| Front Page Top

#6 Softening. Hoo ha. It's running on inertia at this point, with govt statisticians waving and saying that because it hasn't crashed, it must be flying.

Posted by ed in texas 2023-11-04 09:21|| 2023-11-04 09:21|| Front Page Top

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