US Jobs Explode Again! Gain 4.8M! MAGA!

Unemployment falls to 11.1%

48M Gain vs 3.2M expected

Thank you Pres Trump.

MAGA!

https://finance.yahoo.com/news/june-jobs-report-preview-economists-expect-the-us-added-3-million-payrolls-lowered-unemployment-rate-170827884.html

June jobs report: US economy adds better than expected 4.8 million payrolls, unemployment rate falls to 11.1%

The U.S. economy regained millions more jobs in June from May, as regions across the country eased social distancing restrictions and allowed more businesses to reopen. At 4.8 million, the net addition in payrolls was handily a record single-month gain, and topped consensus expectations.

Meanwhile, the unemployment rate fell from May’s level but held at a historically high level, as millions of Americans remained out of work with the pandemic still under way.

Here were the main metrics from the Department of Labor’s report, compared to consensus estimates compiled by Bloomberg:

  • Change in non-farm payrolls: +4.8 million vs. +3.23 million expected, +2.699 million in May

  • Unemployment rate: 11.1% vs. 12.5% expected, 13.3% in May

  • Average hourly earnings, month on month: -1.2% vs. -0.8% expected, -1.0% in May

  • Average hourly earnings, year on year: +5.0% vs. +5.3% expected, +6.6% in May

 

Please delete meant for OG

*starts popping popcorn*

welp, time to shutdown the country again

 

-democrats

LOL @ MAGA logic.

If we were at a 9 before, then we went down to a 1, and now we're back up to a 2, that's a win according to MAGA logic. Obama handed Trump a 4.7% unemployment rate after Bush handed him a 10% UR. Now Trump is at 11. 

You people are unfathomably stupid.

1 Like

The real unemployment rate is 20%+ with over 20+ million losing their health insurance, millions can't pay rent/ mortgage, civil unrest throughout the country. Unemployment is so egregious most claims aren't even reported. 

MAGA failed, get over it.

Nytron - 

LOL @ MAGA logic.


If we were at a 9 before, then we went down to a 1, and now we're back up to a 2, that's a win according to MAGA logic.


You people are unfathomably stupid.


now do obama's unemployment number increases and how they are more impressive than trumps pre covid

welfare for all

Now watch julys report unemployment is back up with states closing again

1 Like

thefiend -

Now watch julys report unemployment is back up with states closing again

This. Op is by far one of the dumbest posters on the OG. 

Nytron - 

LOL @ MAGA logic.


If we were at a 9 before, then we went down to a 1, and now we're back up to a 2, that's a win according to MAGA logic. Obama handed Trump a 4.7% unemployment rate after Bush handed him a 10% UR. Now Trump is at 11. 


You people are unfathomably stupid.


Obama didn't have a pandemic that shutdown the world for months.

4.8 Millions jobs added in a month with major cities like NYC still in lockdown is a major accomplishment. Regardless of who the President is.