The flipside, however, to the strong employment print (which comes from the far less accurate Establishment survey), is that the unemployment rate unexpectedly jumped from 3.5% to 3.7%...

... as the number of unemployed persons (from the much more accurate Household Survey) rose by 306,000 to 6.1 million, while the number of employed workers slumped by 328K, completely contradicting the Establishment Survey.

Ruh roh

Was hoping it was worse so Powell would have a reason to ease up on the rate hikes.

But but CNBC said jobs were thru the roof this morning!!

Haven't you heard? The (D)efinition of increasing unemployment is not just a single month's rise in the unemployment rate. It's when the Democratic party decides it is rising.

Whistle Pig said:

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The anti-American idiot you voted for keeps telling us jobs are the bright spot in the economy. If everything else sucks and we're losing jobs, what's there to celebrate?

Loss of liberty, of course. Right, Joe?

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You just owned yourself

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I just fact checked your claim. False.

No. But he will mention how because of him out of people will be getting assistance.

LMCane said:

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The flipside, however, to the strong employment print (which comes from the far less accurate Establishment survey), is that the unemployment rate unexpectedly jumped from 3.5% to 3.7%...

... as the number of unemployed persons (from the much more accurate Household Survey) rose by 306,000 to 6.1 million, while the number of employed workers slumped by 328K, completely contradicting the Establishment Survey.

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"Unexpectedly". You're a damn moron if you think any of the **** that's happened during this administration is unexpected.

Waffledynamics said:

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Whistle Pig said:

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Weird. What happened in 2020?

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Trump was in office?

On the upside, gas prices were super cheap in June 2020 with 30 million unemployed.

Thank God! No more rate increases then!!

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Please tell me this post is satire.

It's so hard to tell lately

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Look how mad you are at a chart.

Waffledynamics said:

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Whistle Pig said:

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Weird. What happened in 2020?

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Trump destroyed the economy but now Biden blames Covid for his failings. Weird huh?

Why are you posting your 7th grade yearbook photo?

Now those on the left will argue that it was Trump's fault for the Covid lockdowns. I swear, having an honest conversation becomes impossible if people you are arguing with cannot understand context.

100% his fault

I could see him bragging about that in one of his angry stumbles off script if it is live.

The increase in unemployment in 2020 was a direct result of the shutdowns instituted by states. To get a truer picture of the unemployment rate go back to 2008. The policies of the Democratic Party leadership again is having the same effect as when the idiot in the White House was V.P.

Another metric is the labor participation rate. What happened in 2008?

Prior to the states shutdowns the unemployment rate for minorities and women was at historic lows.

Certain posters know this and intentionally use a sliver of the timeline to spread nonsensical BS.

AggDawg said:

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100% his fault

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Federal govt is in charge of state lockdowns? Interesting.

Tony Franklins Other Shoe said:

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AggDawg said:

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100% his fault

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Federal govt is in charge of state lockdowns? Interesting.

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No but the president is 100% responsible for gas prices and 0.1% movements in the unemployment rate. Sorry I don't make the rules.

Some context for reading the latest employment report: The unemployment remains near its fifty year low. pic.twitter.com/4k6jPDRc6V

— Justin Wolfers (@JustinWolfers) November 4, 2022

Thank you Joe Biden. Only you could do this.

sarcasm

Tony Franklins Other Shoe said:

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AggDawg said:

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100% his fault

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Federal govt is in charge of state lockdowns? Interesting.

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Was during his administration.

Looks like some of the usual suspects have been getting their DNC talking points this morning. Its sort of cute, and just a tad annoying. I get a bigger kick out of their posts getting destroyed when put in the proper context.

I expect Biden to claim that he's a fired Twitter employee.

AggDawg said:

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Tony Franklins Other Shoe said:

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AggDawg said:

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100% his fault

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Federal govt is in charge of state lockdowns? Interesting.

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Was during his administration.

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Damn, you got me. Have some links so I can get educated?

Whistle Pig said:

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You did realize this shows that Trump had us recovering much faster from the pandemic, then as soon as Biden took over our trajectory for return to normal slowed down quite a bit.

Extrapolating from this chart, you can actually see that he extended the pain by over a year.

Which is also what drove inflation through the roof