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BumRushDaShow

(129,062 posts)
Fri Dec 3, 2021, 09:35 AM Dec 2021

U.S. economy adds just 210,000 jobs in November

Source: Washington Post

The U.S. economy added just 210,000 jobs in November, a disappointing month of growth that came as coronavirus cases began to rise in many parts of the country.Yet, the unemployment rate still dropped to 4.2 percent, from 4.6 percent.

October's strong report had raised hopes about a lengthy period of sustained growth, but coronavirus cases began rising the week that the surveys were taken. Supply chain issues and labor shortages remain a constraint on the economy as well. Economists had been predicting about 500,000 to 600,000 jobs for the month.

Still, economic growth has been encouraging this year so far: the country has been averaging adding more than 500,000 jobs a month, gaining back more than 5 million jobs lost in the early days of the pandemic.There have been positive signs recently as well. Weekly unemployment filings have trended steadily downward in recent months, even dipping below the pre-pandemic average to a new historical low the week before Thanksgiving.

The trade deficit in goods narrowed in October, and consumer spending increased at its fastest rate since March, according to estimates from the Commerce Department. The surveys on which the labor market data is based was taken during the second week of November, at the beginning of the recent rise in coronavirus cases, and weeks before concerns began rising about the new Omicron variant.

Read more: https://www.washingtonpost.com/business/2021/12/03/jobs-report-november-unemployment-2021/



It's that Friday again and our favorite DU economy watchers should be along shortly.

Looks like a mixed bag and I expect there to be revisions in the future out the wazoo but as of the moment, it is what it is.
46 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
U.S. economy adds just 210,000 jobs in November (Original Post) BumRushDaShow Dec 2021 OP
"What the ...?" as the kids say. This is way below the predicted number. mahatmakanejeeves Dec 2021 #1
I bet we are seeing the same issue as what happened over the summer BumRushDaShow Dec 2021 #2
Thanks. TWSJ. lets me see only two or three sentences before the paywall kicks in. mahatmakanejeeves Dec 2021 #6
Uh oh BumRushDaShow Dec 2021 #12
Hmm, I successfully cleaned up my monster-size EF-0 Economic Statistics page progree Dec 2021 #14
Glad you were able to get the edits in BumRushDaShow Dec 2021 #16
Oh and there's a big difference between the "expected" 4.5% and the "actual" of 4.2% BumRushDaShow Dec 2021 #5
As usual, the revised numbers will come in a few weeks and show 550,000 or something. bearsfootball516 Dec 2021 #3
Yup, there are two revisions on the way: with the next jobs report on Jan 7 and a 2nd one progree Dec 2021 #7
This reminds me of the small gains during the summer which were later revised up significantly. LonePirate Dec 2021 #4
"Just" 210,000. The unemployment rate in October was 4.6%, it's now 4.2%..... George II Dec 2021 #8
LOL BumRushDaShow Dec 2021 #17
Hah. I didn't even know there was such a group. I rarely read any of them, just the MAIN forums.... George II Dec 2021 #22
I still run into some obscure Groups BumRushDaShow Dec 2021 #23
Wouldn't the number of jobs added decrease as the pool of doc03 Dec 2021 #9
Precisely, and yes - full employment for decades was considered to be around 4%. George II Dec 2021 #25
I watch a financial planner on YouTube bucolic_frolic Dec 2021 #10
I hope you're wrong about the big lay-offs in January. Backseat Driver Dec 2021 #20
I don't necessarily think there is "softness" per se BumRushDaShow Dec 2021 #21
You would not be popular in that CFP's internet universe for sure bucolic_frolic Dec 2021 #24
You are exactly right about statistics BumRushDaShow Dec 2021 #26
Media will go insane mcar Dec 2021 #11
STUNNER!! The number of EMPLOYED increased by 1,136,000 👀 in the Household Survey progree Dec 2021 #13
LOL BumRushDaShow Dec 2021 #18
The Associated Press went with the 1.1 million number. mahatmakanejeeves Dec 2021 #39
If the AP is consistent in sticking with the much smaller sample Household Survey's Employed number progree Dec 2021 #40
I went in and dug out that article by hand. The WV Gazette has it in a form that mahatmakanejeeves Dec 2021 #41
Here's the apnews link and they are clearly bally-hooing the superiority of the Household Survey progree Dec 2021 #42
Rather than month to month, look at year over year. OnlinePoker Dec 2021 #15
ADP had videohead5 Dec 2021 #19
"Fire 1 million!" -Zorg maxsolomon Dec 2021 #27
In a week or so they will update the numbers Bettie Dec 2021 #28
Well, Rev 1 in a month from now and Rev 2 in 2 months fron now progree Dec 2021 #29
much better than losing 210,000 RussBLib Dec 2021 #30
Links to earlier reports: mahatmakanejeeves Dec 2021 #31
Thank you and good morning! BumRushDaShow Dec 2021 #32
Hey, good morning to you too. mahatmakanejeeves Dec 2021 #33
From the source, the BLS report: mahatmakanejeeves Dec 2021 #34
Links to Twitter accounts of writers at The Wall Street Journal.: mahatmakanejeeves Dec 2021 #35
Links to charts and graphs from the BLS Twitter account: mahatmakanejeeves Dec 2021 #36
Wages Shoot Up in Travel, Food and Other In-Demand Industries mahatmakanejeeves Dec 2021 #37
"The 'U-6' measure of unemployment and underemployment fell to 7.8% in November, which means ..." mahatmakanejeeves Dec 2021 #38
I'll wait for the revised figures... nt. BlueIdaho Dec 2021 #43
Why U.S. Job Gains Are So Hard to Count During Covid-19 mahatmakanejeeves Dec 2021 #44
"Why U.S. Job Gains Are So Hard to Count During Covid-19" BumRushDaShow Dec 2021 #45
So what,we're still ADDING jobs and the unemployment rate is moving downward again Bengus81 Dec 2021 #46

mahatmakanejeeves

(57,468 posts)
1. "What the ...?" as the kids say. This is way below the predicted number.
Fri Dec 3, 2021, 09:35 AM
Dec 2021

Per Emily McCormick, yesterday afternoon:

November jobs report preview: Payrolls likely grew by 548,000 as unemployment rate falls to 4.5%

Tomorrow's news today

Yahoo Finance

November jobs report preview: Payrolls likely grew by 548,000 as unemployment rate falls to 4.5%

Emily McCormick · Reporter
Thu, December 2, 2021, 2:57 PM · 5 min read

The November jobs report is expected to underscore the tightness of the present labor market, with payroll gains accelerating slightly and the unemployment rate ticking down further during the month. And with labor shortages still rampant, economists are also predicting another hot print on wage growth.

The Labor Department is set to release its November jobs report Friday at 8:30 a.m. ET. Here were the main metrics expected from the print based on consensus estimates compiled by Bloomberg:

Non-farm payrolls: +548,000 expected, +531,000 in October

Unemployment rate: 4.5% expected, 4.6% in October

Average hourly earnings, month-over-month: 0.4% expected, 0.4% in October

Average hourly earnings, year-over-year: 5.0% expected, 4.9% in October

U.S. employers have added back jobs on net in every month so far in 2021 as vaccinations, reopenings and a recovery in the high-contact services industries helped boost hiring. At 550,000, the expected non-farm payrolls increase for November would mark a back-to-back month that job gains came in above the psychologically important half-million level. It would also represent the most jobs added back since July.

But despite the solid rehiring throughout the year, labor force participation remains short of pre-pandemic levels. As of October, the civilian labor force was still down by nearly 3 million participants, compared to February 2020. Consensus economists expect the labor force participation rate to tick up only slightly in November to reach 61.7%, growing from October's 61.6% but still coming in well below the 63.3% rate from February 2020.

Economists have attributed the stubbornly depressed participation rate to a host of factors, including lingering concerns about COVID-19 infections, difficulties finding child care and a desire by many workers to leave their jobs and pursue roles with more flexibility, wages or benefits. With the latest emergence of the Omicron variant, these myriad factors may further inhibit a rebound in labor force participation.

Story continues

{edited}

The banner on Yahoo! Finance's main page, Friday morning:

CO‌MING UP | November jobs report: Payrolls likely grew by 550,000 and unemployment rate fell to 4.5%
Check back for results at 8:30 a.m.

The article's headline was tweaked.

Yahoo Finance

November jobs report preview: Payrolls likely grew by 550,000 as unemployment rate falls to 4.5%

Emily McCormick · Reporter
Thu, December 2, 2021, 2:57 PM

{snip}

BumRushDaShow

(129,062 posts)
2. I bet we are seeing the same issue as what happened over the summer
Fri Dec 3, 2021, 09:38 AM
Dec 2021

a bunch of reports not filed "in time", with "revisions" that will be significant during the next report (when few are paying attention).

mahatmakanejeeves

(57,468 posts)
6. Thanks. TWSJ. lets me see only two or three sentences before the paywall kicks in.
Fri Dec 3, 2021, 09:43 AM
Dec 2021

I'll link to the earlier reports in a minute or two, or maybe not. The "403 Forbidden" page kicked in when I posted my first reply.

{edited to note reply #5}

Yeah, I saw that the rate was a lot lower too.

progree

(10,908 posts)
14. Hmm, I successfully cleaned up my monster-size EF-0 Economic Statistics page
Fri Dec 3, 2021, 10:26 AM
Dec 2021
http://www.democraticunderground.com/111622439

and posted 4:40 AM CT this morning, no 403's, so hopefully ...

Edited to add: - updated it just now, 8:32 AM CT, with no problem

bearsfootball516

(6,377 posts)
3. As usual, the revised numbers will come in a few weeks and show 550,000 or something.
Fri Dec 3, 2021, 09:39 AM
Dec 2021

But the damage will already have been done with tons of "AWFUL JOBS REPORT, IS BIDEN DOOMED?" headlines everywhere.

progree

(10,908 posts)
7. Yup, there are two revisions on the way: with the next jobs report on Jan 7 and a 2nd one
Fri Dec 3, 2021, 09:45 AM
Dec 2021

with the following month's job report on February 4. So we won't see the final number until Feb 4.

LonePirate

(13,424 posts)
4. This reminds me of the small gains during the summer which were later revised up significantly.
Fri Dec 3, 2021, 09:41 AM
Dec 2021

Seems like the same thing is going to happen with the November numbers.

George II

(67,782 posts)
8. "Just" 210,000. The unemployment rate in October was 4.6%, it's now 4.2%.....
Fri Dec 3, 2021, 09:45 AM
Dec 2021

This is actually an improvement that "economists" are gong to be bashing.

(ps - does this qualify as an economy watcher being along shortly??? )

George II

(67,782 posts)
22. Hah. I didn't even know there was such a group. I rarely read any of them, just the MAIN forums....
Fri Dec 3, 2021, 11:42 AM
Dec 2021

I guess I'm lucky I avoid them.

BumRushDaShow

(129,062 posts)
23. I still run into some obscure Groups
Fri Dec 3, 2021, 11:49 AM
Dec 2021

I never knew existed.

I do know that Group is pretty active though.

doc03

(35,340 posts)
9. Wouldn't the number of jobs added decrease as the pool of
Fri Dec 3, 2021, 09:46 AM
Dec 2021

unemployed workers decrease? The unemployment rate of 4.2% was nearly what was considered full employment in
the past. The government has always wanted to keep unemployment from going much lower than that fearing inflation.

bucolic_frolic

(43,173 posts)
10. I watch a financial planner on YouTube
Fri Dec 3, 2021, 09:49 AM
Dec 2021

and he's been predicting softness for months. Retail sales have been flat, witness recent Nordstrom's & GAP results. Necessities are doing fine - Kroger, Walmart. This does mean taper is a step in the wrong direction, but also that inflation should moderate. Businesses overhired - expect big retail layoffs in January.

Backseat Driver

(4,392 posts)
20. I hope you're wrong about the big lay-offs in January.
Fri Dec 3, 2021, 11:26 AM
Dec 2021

DH's newish better-paying, permanent(hehehe) FT job purchased a year's worth of new healthcare coverages and discounts; ain't Open Enrollment ending Dec 15 each year wonderful. Not much in the forecast for gift-giving. I expect but hope there's not a huge jump in the rent coming in April. Our landlords need two months to draw up a new lease, so--February we'll find out. I just paid off my "personal" loan for last year's Christmas presents, and the pay-check to pay-check dates aren't lining up well for the wrapped gifts thing or my expensive "fixed car thing"-- perhaps gift cards on the tree and not much under it? It's looking like we'll all be grateful to paste on a smile during the inflated cost celebratory food traditions of being together, vaccinated, and alive to work another day so reporters can write that corporate "owners" were purchasing lots of those luxury goods and their portfolios have recovered nicely. LOL for all others: the kids missing a newly departed parent/grandparent or schoolmate; the stressed out, worried about a zillion other problems, single or not, parents still in the workforce, the seniors, and the disabled--name the health problem...YEMV, of course.

BumRushDaShow

(129,062 posts)
21. I don't necessarily think there is "softness" per se
Fri Dec 3, 2021, 11:37 AM
Dec 2021

I think that all of these folks utilize statistical models that are failing in this truly unique environment caused by the pandemic, along with some long-running chronic issues with wages and other benefits in the current labor market. And until they start factoring that in, then they are going to keep missing the mark.

Oddly enough, almost 20 years ago they predicted some dire circumstances in future, for when the baby boomers would start retiring, although in that case, that didn't happen when they predicted because many stayed in the job market past their eligibility timeframes to retire - often due to a multitude of reasons. But some of that leaving the market is now starting to happen.

I am a weather hobbyist and in a similar fashion, meteorologists create/utilize "statistical models" that attempt to predict weather systems based on all kinds of data that their programs ingest - e.g., the obvious things like temperature, humidity/dewpoints, pressure, wind speeds and direction, and precipitation measured, both at ground/sea level, and at multiple altitudes where pressures naturally change (are lower), taken literally from thousands of ground stations, sea buoys, aircraft and satellites (when necessary), and weather balloons. And that data is run through various statistical analyses as part of the model and the program will then "spit out" what it thinks are the "initial conditions" (where the fronts are along with the locations of high/low pressure systems). And from there, they are supposed to "guesstimate" what will happen to those features in the future.

But if these models include other data points like what might be considered "normal climatology" (based on topography, etc) for various areas and if that climatology has changed (due to "climate change" for example), then the models are often going to fail getting close to what will happen in the near future, let alone correctly predict the "current conditions" (which is normally verified by mets just from the raw data).

So this is where models need to be tweaked at some point and IMHO, that needs to happen with these labor models.

bucolic_frolic

(43,173 posts)
24. You would not be popular in that CFP's internet universe for sure
Fri Dec 3, 2021, 11:56 AM
Dec 2021

and I'll readily admit, statistics, like cost-benefit analyses, can be tweaked to anything you want them to be. It all depends on the assumptions and selection of data. So don't shoot the messenger.

BumRushDaShow

(129,062 posts)
26. You are exactly right about statistics
Fri Dec 3, 2021, 12:04 PM
Dec 2021

And this wasn't any dig at you at all.

Am actually describing another situation where it is used and how some of the results can fail.

So it's a matter of allowing some kind of wiggle room for what it all means.

There is that old saying - "Lies, damn lies, and statistics"

progree

(10,908 posts)
13. STUNNER!! The number of EMPLOYED increased by 1,136,000 👀 in the Household Survey
Fri Dec 3, 2021, 10:12 AM
Dec 2021

(The Household Survey is the one that produces the unemployment rate and the labor force participation rate among many other measures).

Compare that to the Establishment Survey's gain of 210,000 jobs, which is the headline number.

Usually they aren't that wildly different (926,000 difference!). But they often differ a lot.

BTW, the Establishment Survey revised up the previous 2 months by a combined 82,000.

Back to the Household Survey:

Employed: +1,136,000
Unemployed: -542,000
Labor Force: +594,000

As always, the official Unemployed are those that have looked for work sometime in the last 4 weeks, or so they told the Household Survey surveyor. And the "looked for work" has to be more substantial than looking at jobs listings, e.g. must involve applying for work, sending out resumes, interviewing etc.

mahatmakanejeeves

(57,468 posts)
39. The Associated Press went with the 1.1 million number.
Sat Dec 4, 2021, 11:37 AM
Dec 2021
The unemployment rate plummeted from 4.6% to 4.2% as a substantial 1.1 million Americans said they found jobs last month.


progree

(10,908 posts)
40. If the AP is consistent in sticking with the much smaller sample Household Survey's Employed number
Sat Dec 4, 2021, 02:52 PM
Dec 2021

they will have to explain the crazy wild gyrations from month to month, including several negative months when the economy was much steadier

Otherwise it's shitty reporting to cherry pick from one or the other from one month to the next according to what they think better fits their gut feel. In particular without explaining the sample size difference and the consequential very large volatility difference.

On statistical noise, I found this BLS technical note on sampling error -- http://www.bls.gov/news.release/empsit.tn.htm . Based on what it says, there is a 90% probability that the Establishment Survey's non-farm employment increase is within +/- 120,000 of the stated number. And a 10% chance that it is off by more than 120,000. Again, this is just the sampling error. There are other errors besides sampling error.

Correspondingly, again based on sampling error alone, there is a 50% chance that it is within +/- 49,200. So for example for a reported job gain of 200,000, there is a 50% chance that it is between 150,800 and 249,200, and a 50% chance that it is outside that range based on sampling error alone. Note there are errors other than sampling error that add to the uncertainty {1}

And in the Household Survey, there is a 90% chance that the monthly unemployment change is +/- 300,000 of the stated number (note this is 2.5 times the Establishment Survey's nonfarm employment's sampling error). Also, that there is a 90% chance that the unemployment rate is about +/- 0.2% of the stated number.

The above only covers sampling error. There are also many other sources of error (search the above link for "non-sampling error" )

The individual components that go into these numbers have an even larger sampling error. Right-wingers love to find the aberrant statistic or two of the month and make it out to be the story of the Biden/Squad administration, rather than what it really is -- just one month's number in a very statistically volatile data series.

{1} 90% of the area under the normal curve is between +/- 1.645 standard deviations. 50% of the area under the normal curve is between +/- 0.675 standard deviations. Thus if there is a 90% chance that it is within +/- 120,000, then there is a 50% chance that it is within +/- 49,200 (0.675/1.645 * 120,000 = 49,240 , then round to 49,200 ).

Side by side: monthly changes in Payroll jobs and Employment numbers --

illustrating the difference in volatility. First looking at nine pre-pandemic years when the economy was steadily expanding:

Here are the monthly changes of the seasonally adjusted Establishment Survey payroll job numbers, IN THOUSANDS
https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth


2011: 19 212 235 314 101 236 60 126 233 204 132 202
2012: 354 262 240 82 100 73 152 172 187 159 156 239
2013: 191 278 139 191 222 181 112 242 187 225 264 69
2014: 175 166 254 325 218 326 232 188 309 252 291 268
2015: 191 271 71 284 331 174 302 125 155 306 237 273
2016: 108 212 237 197 41 258 371 143 289 118 130 214
2017: 197 183 139 220 141 211 228 190 42 249 196 179
2018: 81 378 195 153 270 214 149 229 105 212 92 240
2019: 237 -50 168 219 63 175 193 195 221 195 234 161

Here are the monthly changes of the seasonally adjusted Household Survey Employment numbers IN THOUSANDS
http://data.bls.gov/timeseries/LNS12000000?output_view=net_1mth

2011: -51 144 245 -53 38 -240 140 418 241 185 458 76
2012: 682 274 178 -137 307 185 -99 -1 753 387 -98 -3
2013: -38 70 -46 319 247 117 265 62 92 -881 942 299
2014: 372 -16 514 19 158 422 152 131 248 649 -23 211
2015: 530 -100 83 383 306 -1 14 351 -355 420 217 665
2016: 525 286 279 -144 58 91 331 225 -18 32 161 203
2017: -7 264 636 224 -257 339 256 -20 674 -633 116 162
2018: 584 679 92 97 325 80 418 -619 381 358 292 147
2019: -120 279 -95 -68 142 248 486 244 369 126 184 195
January and February numbers in all years are affected by population controls

I know of no economist that thinks these wild month-to-month swings are more representative of what's actually happening with jobs. I certainly don't (but I'm not an economist).

Here are the pandemic years which has had a lot more inherent volatility, just to be complete --

Establishment Survey
2020: 315 289 -1683 -20679 2833 4846 1726 1583 716 680 264 -306
2021: 233 536 785 269 614 962 1091 483 379 546 210
The last 2 months are preliminary

Household Survey
2020 -76 73 -3196 -22166 3854 4876 1677 3499 267 2126 140 21
2021 201 208 609 328 444 -18 1043 509 526 359 1136

Noticing June 2021: Establishment Survey: +962k, Household Survey: -18k

I just don't remember the AP making an enormous hoohah about how the Household Survey is better and so what really happened is yes, the 18,000 job loss is real, unlike the fake news +962,000 jobs of the Establishment Survey. I don't remember any DUers making that argument either, but you know, I don't read everything that is posted.

As for the number of workers covered by the two surveys:

Non-farm payroll jobs in the Establishment Survey in November: 148,611,000
https://data.bls.gov/timeseries/CES0000000001

The total Employed in the Household Survey in November: 155,175,000
http://data.bls.gov/timeseries/LNS12000000

So the latter does cover 4.4% more workers, which of course is better. But with a sampling error of +/- 300,000 compared to +/- 120,000 (90% probability band). Making the month-to-month swings much wider. And with a nearly 3 times larger sampling error band around any given month's change number.

But for longer periods of time, the fact that the Household Survey covers about 4.4% more workers may make it better for year-to-year comparisons.

Anyway, a lot of reporters have been talking about the job gains for the year so far (eleven months January thru November):

Establishment Survey: +6,108,000
Household Survey: +5,345,000 (12.5% fewer jobs gained)

Something the AP didn't point out in their sudden new-found love of the Household Survey. So before DUers become evangelists for the superiority of the Household Survey numbers, they might want to be aware of this. And be aware of specific months too like the June 2021 numbers that they will have to explain.

Anyway, we will have to wait for February 4 before the final Establishment Survey number for November is published. (and of course nobody will care by then).

mahatmakanejeeves

(57,468 posts)
41. I went in and dug out that article by hand. The WV Gazette has it in a form that
Sat Dec 4, 2021, 03:12 PM
Dec 2021

cannot be copied unless one goes to the source page. It's an analysis piece from Friday afternoon.

Here we go:

Sat Dec 4, 2021: That was taken from Zeke Miller's tweet two minutes after the payroll employment report was released

Zeke Millier is the AP's White House reporter

https://twitter.com/ZekeJMiller

WASHINGTON (AP) — US employers added a sluggish 210,000 jobs in November as economy contends with inflation and shortages.



Here's an analysis of the payroll employment report the Associated Press distributed later on Friday. The AP used the 1.1 million figure from the report's household survey. The time stamp is 3:30 in the afternoon.

The unemployment rate plummeted from 4.6% to 4.2% as a substantial 1.1 million Americans said they found jobs last month.



US jobless rate sinks to 4.2% as many more people find jobs

America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the lowest monthly gain in nearly a year. Friday, Dec. 3 report from the Labor Department also showed that the nation’s unemployment rate tumbled from 4.6% to 4.2% evidence that many more people reported that they had a job.

By CHRISTOPER RUGABER The Associated Press 19 hrs ago | 3 min to read

America’s unemployment rate tumbled last month to its lowest point since the pandemic struck, even as employers appeared to slow their hiring — a mixed picture that pointed to a resilient economy that’s putting more people to work.

The government reported Friday that private businesses and other employers added just 210,000 jobs in November, the weakest monthly gain in nearly a year and less than half of October’s gain of 546,000.<

But other data from the Labor Department’s report painted a much brighter picture. The unemployment rate plummeted from 4.6% to 4.2% as a substantial 1.1 million Americans said they found jobs last month.

The U.S. economy still remains under threat from a spike in inflation, shortages of labor and supplies and the potential impact of the omicron variant of the coronavirus. But for now, Americans are spending freely, and the economy is forecast to expand at a 7% annual rate in the final three months of the year, a sharp rebound from the 2.1% pace in the previous quarter, when the delta variant hobbled growth.

Employers in some industries, such as restaurants, bars, and hotels, sharply slowed their hiring in November. By contrast, job growth remained solid in areas like transportation and warehousing, which are benefiting from the growth of online commerce.

The sharp drop in the unemployment rate was particularly encouraging because it coincided with an influx of a half-million job-seekers into the labor force, most of whom quickly found work. Normally, many such people would take time to find jobs and would be counted as unemployed until they did. The influx of new job-seekers, if it continues, would help reduce the labor shortages that have bedeviled many employers since the economy began to recover from the pandemic.

{snip}

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

progree

(10,908 posts)
42. Here's the apnews link and they are clearly bally-hooing the superiority of the Household Survey
Sat Dec 4, 2021, 03:19 PM
Dec 2021
https://apnews.com/article/coronavirus-pandemic-health-business-unemployment-economy-e62c5ed35f69bc763a6d297858ceb084

without pointing out any of its drawbacks.

So will be interesting in the future when we have a month like June 2021, to pick one of many :

OnlinePoker

(5,721 posts)
15. Rather than month to month, look at year over year.
Fri Dec 3, 2021, 11:04 AM
Dec 2021

Civilian population over 16 increased by 1 million
Labor force increased by 1.5 million
Employed increased by 5.3 million
Unemployed decreased by 3.85 million
Unemployment rate decreased by 2.5%
and the number of people not in the labor force declined by 600,000.

YoY, things are looking pretty rosy.

https://www.bls.gov/news.release/empsit.t01.htm

Bettie

(16,110 posts)
28. In a week or so they will update the numbers
Fri Dec 3, 2021, 03:29 PM
Dec 2021

as they have been doing recently and find that "oh, guess it was a great jobs report", but there will be no headlines about those revised numbers.

progree

(10,908 posts)
29. Well, Rev 1 in a month from now and Rev 2 in 2 months fron now
Fri Dec 3, 2021, 05:01 PM
Dec 2021

Revision 1 will be in the next jobs report on Jan 7 and a 2nd and final revision with the following month's job report on February 4. So we won't see the final number for November until Feb 4 (!!). The revisions are always buried deep in the BLS's press release and rarely reported by the media.

mahatmakanejeeves

(57,468 posts)
31. Links to earlier reports:
Sat Dec 4, 2021, 08:37 AM
Dec 2021

Wed Dec 1, 2021: Links to additional earlier reports:

Fri Nov 5, 2021: (I had to split the links into two posts, due to "Forbidden 403" issues)

Links to earlier reports:

Links to additional earlier reports:

Wed Nov 3, 2021: Links to earlier reports:

Fri Oct 8, 2021: Links to earlier reports:

Wed Oct 6, 2021: Links to earlier reports:

Fri Sep 3, 2021: Links to earlier reports:

Thu Sep 2, 2021 (in the Friday, August 6, BLS thread): Links to earlier reports:

Wed Aug 4, 2021: Links to earlier reports:

Sat Jul 10, 2021: Links to earlier reports:

Wed Jun 30, 2021: Links to earlier reports:

Fri Jun 4, 2021: Links to earlier reports:

Thu Jun 3, 2021: Links to earlier reports:

Fri May 7, 2021: Links to earlier reports:

Wed May 5, 2021: Links to earlier reports:

Fri Apr 2, 2021: Links to earlier reports:

Wed Mar 31, 2021: Links to earlier reports:

Fri Mar 5, 2021: Links to earlier reports:

Wed Mar 3, 2021: Links to earlier reports:

Fri Feb 5, 2021: Links to earlier reports:

Wed Feb 3, 2021: Links to earlier reports:

Fri Jan 8, 2021: Links to earlier reports:

Wed Jan 6, 2021: Links to earlier reports:

Fri Dec 4, 2020: Links to earlier reports:

Wed Dec 2, 2020: Links to earlier reports:

Fri Nov 6, 2020: Links to earlier reports:

Wed Nov 4, 2020: Links to earlier reports:

Updated from this post of Friday, December 6, 2019: Good morning. Links to earlier reports:

-- -- -- -- -- --

[center]Past Performance is Not a Guarantee of Future Results.[/center]

Bureau of Labor Statistics, for employment in December 2021 (this one):

U.S. economy adds just 210,000 jobs in November

ADP® (Automatic Data Processing), for employment in December 2021:

November private payrolls rose by 534,000 topping expectations: ADP

Nonetheless, what is important is not this month's results, but the trend. Let’s look at some earlier numbers:

ADP® (Automatic Data Processing), for employment in November 2021:

November private payrolls rose by 534,000 topping expectations: ADP

Bureau of Labor Statistics, for employment in October 2021:

October jobs report: Payrolls grew by 531,000 as unemployment rate fell to 4.6%

ADP® (Automatic Data Processing), for employment in October 2021:

October private payrolls rose by 571,000, topping expectations: ADP

Bureau of Labor Statistics, for employment in September 2021:

Yahoo Finance September jobs report: Economy adds back disappointing 194,000 jobs, unemployment rate

ADP® (Automatic Data Processing), for employment in September 2021

September private payrolls rose by 568,000, topping estimates: ADP

Bureau of Labor Statistics, for employment in August 2021:

August jobs report: Payrolls rise by disappointing 235,000 while unemployment rate falls to 5.2%

ADP® (Automatic Data Processing), for employment in August 2021:

August private payrolls rose by 374,000, missing estimates: ADP

Bureau of Labor Statistics, for employment in July 2021:

July jobs report: Economy adds back 943,000 payrolls, unemployment rate falls to 5.4%

ADP® (Automatic Data Processing), for employment in July 2021:

Private payrolls rose by 330,000 in July, missing estimates: ADP

Bureau of Labor Statistics, for employment in June 2021:

U.S. economy added 850,000 jobs in June as labor market showed renewed strength

ADP® (Automatic Data Processing), for employment in June 2021:

Private payrolls increased by 692,000 in June, beating expectations: ADP

Bureau of Labor Statistics, for employment in May 2021:

U.S. economy adds 559,000 jobs in May, as the recovery shows signs of strength

ADP® (Automatic Data Processing), for employment in May 2021:

Private-sector employment increased by 978,000 from April to May, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in April 2021:

Economy picked up 266,000 jobs in April, fewer than expected as economy tries to rebound

ADP® (Automatic Data Processing), for employment in April 2021:

Private-sector employment increased by 742,000 from March to April, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in March 2021:

The U.S. economy added 916,000 jobs in March as recovery gains steam again

ADP® (Automatic Data Processing), for employment in March 2021:

Private employers added back 517,000 jobs in March, missing expectations: ADP

Bureau of Labor Statistics, for employment in February 2021:

The economy added 379,000 jobs in February

ADP® (Automatic Data Processing), for employment in February 2021:

ADP National Employment Report: Private Sector Employment Increased by 117,000 Jobs in February

Bureau of Labor Statistics, for employment in January 2021:

Unemployment rate falls to 6.3% in January; payroll employment changes little (+49,000)

ADP® (Automatic Data Processing), for employment in January 2021:

ADP National Employment Report: Private Sector Employment Increased by 174,000 Jobs in January

Bureau of Labor Statistics, for employment in December 2020:

The economy lost 140,000 jobs in December

ADP® (Automatic Data Processing), for employment in December 2020:

Private-sector employment decreased by 123,000 from November to December, seasonally adjusted

Bureau of Labor Statistics, for employment in November 2020:

Job Growth Slows Sharply As Pandemic Takes Toll On Economy

ADP® (Automatic Data Processing), for employment in November 2020:

Private-sector employment increased by 307,000 from October to November, on a seasonally adjusted

mahatmakanejeeves

(57,468 posts)
33. Hey, good morning to you too.
Sat Dec 4, 2021, 08:46 AM
Dec 2021

I was up earlier and made a few posts. I was hoping I wouldn't run into the "403 Forbidden" problem posting this. So far, so good.

I think I'll try for the whole BLS report and maybe a little more.

See ya.

mahatmakanejeeves

(57,468 posts)
34. From the source, the BLS report:
Sat Dec 4, 2021, 08:54 AM
Dec 2021
Payroll employment rises by 210,000 in November; unemployment rate declines to 4.2%

Economic News Release USDL-21-2075

Employment Situation Summary
Transmission of material in this news release is embargoed until 8:30 a.m. (ET) Friday, December 3, 2021

Technical information:
Household data: (202) 691-6378 * cpsinfo@bls.gov * www.bls.gov/cps
Establishment data: (202) 691-6555 * cesinfo@bls.gov * www.bls.gov/ces

Media contact: (202) 691-5902 * PressOffice@bls.gov


THE EMPLOYMENT SITUATION -- NOVEMBER 2021


Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell by 0.4 percentage point to 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. Employment in retail trade declined over the month.

This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.

Household Survey Data

The unemployment rate fell by 0.4 percentage point to 4.2 percent in November. The number of unemployed persons fell by 542,000 to 6.9 million. Both measures are down considerably from their highs at the end of the February-April 2020 recession. However, they remain above their levels prior to the coronavirus (COVID-19) pandemic (3.5 percent and 5.7 million, respectively, in February 2020). (See table A-1. See the box note at the end of this news release for more information about how the household survey and its measures were affected by the coronavirus pandemic.)

Among the major worker groups, the unemployment rates for adult men (4.0 percent), adult women (4.0 percent), Whites (3.7 percent), Blacks (6.7 percent), and Hispanics (5.2 percent) declined in November. The jobless rates for teenagers (11.2 percent) and Asians (3.8 percent) showed little change over the month. (See tables A-1, A-2, and A-3.)

Among the unemployed, the number of permanent job losers declined by 205,000 to 1.9 million in November but is 623,000 higher than in February 2020. The number of persons on temporary layoff decreased by 255,000 to 801,000 in November. This measure is down from the high of 18.0 million in April 2020 and has nearly returned to its February 2020 level of 750,000. (See table A-11.)

The number of long-term unemployed (those jobless for 27 weeks or more), at 2.2 million, changed little in November but is 1.1 million higher than in February 2020. The long-term unemployed accounted for 32.1 percent of the total unemployed in November. (See table A-12.)

The labor force participation rate edged up to 61.8 percent in November. The participation rate is 1.5 percentage points lower than in February 2020. The employment-population ratio increased by 0.4 percentage point to 59.2 percent in November. This measure is up from its low of 51.3 percent in April 2020 but remains below the figure of 61.1 percent in February 2020. (See table A-1.)

The number of persons employed part time for economic reasons, at 4.3 million, changed little in November. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. This figure was about the same as in February 2020. (See table A-8.)

The number of persons not in the labor force who currently want a job was 5.9 million in November, little changed over the month but up by 849,000 since February 2020. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job. (See table A-1.)

Among those not in the labor force who wanted a job, the number of persons marginally attached to the labor force was little changed at 1.6 million in November. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, was essentially unchanged over the month at 450,000. (See Summary table A.)

Household Survey Supplemental Data

In November, the share of employed persons who teleworked because of the coronavirus pandemic declined by 0.3 percentage point to 11.3 percent. These data refer to employed persons who teleworked or worked at home for pay at some point in the 4 weeks preceding the survey specifically because of the pandemic.

In November, 3.6 million persons reported that they had been unable to work because their employer closed or lost business due to the pandemic--that is, they did not work at all or worked fewer hours at some point in the 4 weeks preceding the survey due to the pandemic. This measure was little different from the level of 3.8 million in October. Among those who reported in November that they were unable to work because of pandemic-related closures or lost business, 15.8 percent received at least some pay from their employer for the hours not worked, little changed from the prior month.

Among those not in the labor force in November, 1.2 million persons were prevented from looking for work due to the pandemic, little changed from October. (To be counted as unemployed, by definition, individuals must be either actively looking for work or on temporary layoff.)

These supplemental data come from questions added to the household survey beginning in May 2020 to help gauge the effects of the pandemic on the labor market. The data are not seasonally adjusted. Tables with estimates from the supplemental questions for all months are available online at www.bls.gov/cps/effects-of-the-coronavirus-covid-19-pandemic.htm.

Establishment Survey Data

Total nonfarm payroll employment rose by 210,000 in November. Thus far this year, monthly job growth has averaged 555,000. Nonfarm employment has increased by 18.5 million since April 2020 but is down by 3.9 million, or 2.6 percent, from its pre-pandemic level in February 2020. In November, notable job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. Employment in retail trade declined over the month. (See table B-1. See the box note at the end of this news release for more information about how the establishment survey and its measures were affected by the coronavirus pandemic.)

Professional and business services added 90,000 jobs in November. Job gains continued in administrative and waste services (+42,000), although employment in its temporary help services component changed little (+6,000). Job growth also continued in management and technical consulting services (+12,000) and in computer system design and related services (+10,000). Employment in professional and business services overall is 69,000 below its level in February 2020.

Employment in transportation and warehousing increased by 50,000 in November and is 210,000 above its February 2020 level. In November, job gains occurred in couriers and messengers (+27,000) and in warehousing and storage (+9,000).

Construction employment rose by 31,000 in November, following gains of a similar magnitude in the prior 2 months. In November, employment continued to trend up in specialty trade contractors (+13,000), construction of buildings (+10,000), and heavy and civil engineering construction (+8,000). Construction employment is 115,000 below its February 2020 level.

Manufacturing added 31,000 jobs in November. Job gains occurred in miscellaneous durable goods manufacturing (+10,000) and fabricated metal products (+8,000), while motor vehicles and parts lost jobs (-10,000). Employment in machinery declined by 6,000, largely reflecting a strike. Manufacturing employment is down by 253,000 since February 2020.

Employment in financial activities continued to trend up in November (+13,000) and is 30,000 above its February 2020 level. Job growth occurred in securities, commodity contracts, and investments in November (+9,000).

Employment in retail trade declined by 20,000 in November, with job losses in general merchandise stores (-20,000); clothing and clothing accessories stores (-18,000); and sporting goods, hobby, book, and music stores (-9,000). These losses were partially offset by job gains in food and beverage stores (+9,000) and in building material and garden supply stores (+7,000). Retail trade employment is 176,000 lower than in February 2020.

Employment in leisure and hospitality changed little in November (+23,000), following large gains earlier in the year. Leisure and hospitality has added 2.4 million jobs thus far in 2021, but employment in the industry is down by 1.3 million, or 7.9 percent, since February 2020.

Health care employment was about unchanged in November (+2,000). Within the industry, employment in ambulatory health care services continued to trend up (+17,000), while nursing and residential care facilities lost 11,000 jobs. Employment in health care is down by 450,000 since February 2020, with nursing and residential care facilities accounting for nearly all of the loss.

In November, employment showed little change in other major industries, including mining, wholesale trade, information, other services, and public and private education.

In November, average hourly earnings for all employees on private nonfarm payrolls increased by 8 cents to $31.03. Over the past 12 months, average hourly earnings have increased by 4.8 percent. In November, average hourly earnings of private-sector production and nonsupervisory employees rose by 12 cents to $26.40. (See tables B-3 and B-8.)

The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.8 hours in November. In manufacturing, the average workweek edged up by 0.1 hour to 40.4 hours, and overtime was unchanged at 3.2 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 34.1 hours. (See tables B-2 and B-7.)

The change in total nonfarm payroll employment for September was revised up by 67,000, from +312,000 to +379,000, and the change for October was revised up by 15,000, from +531,000 to +546,000. With these revisions, employment in September and October combined is 82,000 higher than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)

_____________
The Employment Situation for December is scheduled to be released on Friday, January 7, 2022, at 8:30 a.m. (ET).

{snip the links to tables with endless data}

* * * * *

[center]Facilities for Sensory Impaired[/center]

Information from these releases will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.

-- -- -- -- -- --

mahatmakanejeeves

(57,468 posts)
35. Links to Twitter accounts of writers at The Wall Street Journal.:
Sat Dec 4, 2021, 09:03 AM
Dec 2021

Last edited Sat Dec 4, 2021, 09:58 AM - Edit history (1)

It used to be that you could get free access to articles in The Wall Street Journal. by going in through TWSJ.'s Twitter account or the Twitter accounts of the authors:

How to get around the paywall to read articles in The Wall Street Journal.:

For free access to articles in The Wall Street Journal., trying going in through the authors' Twitter feeds:

This trick doesn't seem to work anymore, but you might be able to get in if they've slipped up. Here are those accounts:

* * * * *

The Wall Street Journal. @WSJ
https://twitter.com/wsj

Wall Street Journal

Breaking news and features from the WSJ.

* * * * *

Ben Leubsdorf @BenLeubsdorf
https://twitter.com/BenLeubsdorf

I cover the economy at @WSJ. @ConMonitorNews, @AP, @the_herald alum. DC native. Hyperactive news omnivore. Also I like burritos. ben.leubsdorf@wsj.com

* * * * *

Josh Zumbrun ‎@JoshZumbrun
https://twitter.com/JoshZumbrun

National economics correspondent for the Wall Street Journal. Covering the world's usual state of greed and disorder, confusion and apathy. josh.zumbrun@wsj.com

* * * * *

Nick Timiraos @NickTimiraos
https://twitter.com/NickTimiraos

National economics correspondent, The Wall Street Journal

Please look at the tweets, as Nick Timiraos likes to slice and dice the data every which way. Also, link to the "11 charts " article from his Twitter feed to get past TWSJ.'s paywall.

* * * * *

Jeffrey Sparshott @jeffsparshott
https://twitter.com/jeffsparshott

Jeffrey.Sparshott@wsj.com
* * * * *

Paul Vigna @paulvigna
https://twitter.com/paulvigna
Markets, bitcoin, and the zombie apocalypse.

* * * * *

Eric Morath @EricMorath
https://twitter.com/EricMorath

Eric.Morath@wsj.com
I'm a Wall Street Journal economy reporter, dad, husband and Spartan for life. eric.morath@wsj.com

Washington DC

blogs.wsj.com/economics/

* * * * *

Sarah Chaney ‎@sechaney
https://twitter.com/sechaney

Economy Reporter at The Wall Street Journal. Tar Heel. sarah.chaney@wsj.com

* * * * *

Gabe Rubin ‎@Rubinations
https://twitter.com/Rubinations

National Economics Reporter @WSJ

* * * * *

mahatmakanejeeves

(57,468 posts)
36. Links to charts and graphs from the BLS Twitter account:
Sat Dec 4, 2021, 09:06 AM
Dec 2021
Understanding BLS Unemployment Statistics
#JobsReport #BLSdata



See our interactive graphics on today’s #JobsReport http://go.usa.gov/cn5B4 #BLSdata #DataViz



Payroll employment rises by 210,000 in November; unemployment rate declines to 4.2% http://go.usa.gov/vrK #JobsReport #BLSdata


mahatmakanejeeves

(57,468 posts)
37. Wages Shoot Up in Travel, Food and Other In-Demand Industries
Sat Dec 4, 2021, 09:53 AM
Dec 2021
ECONOMY | U.S. ECONOMY

Wages Shoot Up in Travel, Food and Other In-Demand Industries

November jobs report also offers early signals that wage growth may be easing

By Gabriel T. Rubin
https://twitter.com/Rubinations
Updated Dec. 3, 2021 3:54 pm ET

U.S. wages continue to rise at a brisk pace in November, particularly in sectors with the most acute labor shortages, Friday’s jobs report showed.

Average hourly earnings were 4.8% higher in November compared with a year ago for all private industries, the Labor Department said in its November employment report that also showed payrolls increasing by 210,000 and the unemployment rate dropping to 4.2%.

TO READ THE FULL STORY
SUBSCRIBE
SIGN IN

mahatmakanejeeves

(57,468 posts)
38. "The 'U-6' measure of unemployment and underemployment fell to 7.8% in November, which means ..."
Sat Dec 4, 2021, 10:01 AM
Dec 2021
The "U-6" measure of unemployment and underemployment fell to 7.8% in November, which means it is now below the lowest level recorded during the 2001-07 expansion cycle https://www.wsj.com/articles/november-jobs-report-unemployment-rate-2021-11638480609?mod=hp_lead_pos1



ECONOMY | U.S. ECONOMY

Gains in Workforce Point to Loosening of Labor Market

Unemployment rate falls to 4.2%; recovery faces new Covid-19 uncertainties

By David Harrison
https://twitter.com/d_harrison
david.harrison@wsj.com
Updated Dec. 3, 2021 2:50 pm ET

Hiring slowed last month amid Covid-19 uncertainties, but people returned to the labor force in droves in a sign the tight labor market could be loosening.

The U.S. economy added a seasonally adjusted 210,000 jobs in November—the smallest gain since last December and a marked slowdown from an upwardly revised increase of 546,000 in October, the Labor Department said Friday. Almost 600,000 people joined the workforce, and the unemployment rate fell to 4.2% from 4.6%.

{paywall}

mahatmakanejeeves

(57,468 posts)
44. Why U.S. Job Gains Are So Hard to Count During Covid-19
Mon Dec 13, 2021, 08:20 AM
Dec 2021
During the Covid-19 pandemic, economists’ estimates for job growth have often been off by hundreds of thousands of jobs

No paywall



ECONOMY

Why U.S. Job Gains Are So Hard to Count During Covid-19

Government gets less data from employers, and economists have a hard time understanding how the pandemic affects consumer, business behavior

By Josh Mitchell, Anthony DeBarros and Andrew Barnett
https://twitter.com/JMitchellWSJ
joshua.mitchell@wsj.com
https://twitter.com/anthonydb
anthony.debarros@wsj.com
https://twitter.com/andos234
andrew.barnett@wsj.com
Dec. 13, 2021 5:30 am ET

The monthly U.S. jobs report moves trillions of dollars in market trades and influences key policy decisions such as the Federal Reserve’s interest-rate plans.

But during the Covid-19 pandemic, economists have had an especially hard time predicting the report’s headline number of jobs added. Meanwhile, the government itself has routinely made big revisions to its initial estimates.

Why? Two big reasons. Economists have struggled to guess the behavior of consumers and companies during unprecedented government stimulus, labor-market shifts and virus fears. Second, the government has seen a sharp decline in the payroll data it collects from employers. During one of the most volatile periods in recent memory, private and public-sector economists have a less firm grasp of what the labor market is doing.

During the pandemic, economists’ estimates for job growth have often been off by hundreds of thousands of jobs. So far this year, for instance, economists’ estimates have cumulatively surpassed the government’s initial reports by about 1.3 million jobs.

In the days leading to the report on November payrolls, economists surveyed by The Wall Street Journal believed employers added 573,000 jobs that month. The Bureau of Labor Statistics said the actual number was 210,000, and it added 82,000 more jobs to its initial October payrolls estimate for a new total of 546,000.

{snip}

The BLS reported that retailers cut 20,400 jobs in November, after accounting for seasonal factors. Without adjustments, the industry added 331,600 jobs.

Seasonal effects also caused November’s overall employment figure to look weak. Without adjustments, the economy added 778,000 jobs, the largest non-seasonally adjusted gain in any November on records dating from 1939.

“The evolution of the structure of the economy has accelerated because of the pandemic,” {Stephen Stanley, chief economist at analytics firm Amherst Pierpont} said. He believes part of the problem is the labor shortage, which has prevented many businesses from hiring in months that typically include big job gains.

Write to Josh Mitchell at joshua.mitchell@wsj.com and Anthony DeBarros at Anthony.Debarros@wsj.com

BumRushDaShow

(129,062 posts)
45. "Why U.S. Job Gains Are So Hard to Count During Covid-19"
Mon Dec 13, 2021, 08:31 AM
Dec 2021

And like WSJ noted, they KNOW "why" (the slow receipt of data from the sectors being monitored resulting in huge revisions at the next reports).

Yet the media will still run with negatively characterizing those incomplete results anyway, knowing full well what the problem is, and will later downplay the huge upwards revisions at the next reporting cycle because by then, that month's "incomplete reporting" needs their full bashing headline and head-scratching as they ruminate on "what went wrong with expectations".



Good morning!

Bengus81

(6,931 posts)
46. So what,we're still ADDING jobs and the unemployment rate is moving downward again
Mon Dec 13, 2021, 09:11 AM
Dec 2021

Pretty soon Trump will be pulling the Obama era BS again saying to add 10% to each new unemployment figure.


Well...until he became President.

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