Awful jobs report this morning…

4,436 Views | 58 Replies | Last: 17 hrs ago by EX TEXASEX
FireAg
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8:14a, 11/1/24
AG
https://www.foxbusiness.com/economy/us-jobs-report-october-2024.amp

October missed expectations by an order of magnitude, and August and September also revised down…

Nearly impossible to hide the ugly "R" word now…
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Owlagdad
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8:17a, 11/1/24
LOL, dems sandbagged Kamala to give recession to Trump. They get rid of her and blame recession on Trump and republicans. Win, win. Day one -- they get after trump's ass on economy. Media will carry that water-- "Trumps fault"
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Raiderjay
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8:17a, 11/1/24
Well, she did grow up in a middle class family.....
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kongaggie
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8:20a, 11/1/24
AG
MSM is now blaming the hurricanes for a 95% nationwide decrease in job growth.
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mslags97
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In reply to Owlagdad • 8:21a, 11/1/24
AG
Owlagdad said:
LOL, dems sandbagged Kamala to give recession to Trump. They get rid of her and blame recession on Trump and republicans. Win, win. Day one -- they get after trump's ass on economy. Media will carry that water-- "Trumps fault"


I'm fine with this result. He will pull us out of that recession, and the next generation of actual leaders emerge: Vance, Vivek, DeSantis….
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Houston Lee
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8:21a, 11/1/24
AG
What a shocker. The Jobs report is weak and they downgraded Aug and Sept.

Now go check out how the Radical Left-Wing Biased Media is reporting this story this morning. They are blaming Hurricanes...
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TAMU1990
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8:21a, 11/1/24
AG
Lots of illegals for 12,000 jobs - unless they plan on firing Americans to replace them with illegals working for minimum wage.

Start with government workers first, Kamala.
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akm91
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8:22a, 11/1/24
AG
How the hell do you add only 12K jobs and LFPR ticks down only1/10th and the unemployment rate remains unchanged?????
"And liberals, being liberals, will double down on failure." - dedgod
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Rapier108
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8:22a, 11/1/24
The talking points are that the miss is all due to the hurricanes and strikes.

Without those, the numbers would have been great, according to the media.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
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akm91
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In reply to Rapier108 • 8:25a, 11/1/24
AG
Yeah, the hurricanes magically went back in time and affected the September and August jobs as well.

Their intellect is truly dizzying.

"And liberals, being liberals, will double down on failure." - dedgod
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aginlakeway
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8:27a, 11/1/24
AG
"I'm sure that won't make a bit of difference for those of you who enjoy a baseless rage over the decisions of a few teenagers."
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Seamaster
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8:28a, 11/1/24
AG
There are zero voters who haven't voted yet that were waiting on the latest jobs #s to make their decision.
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StandUpforAmerica
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8:32a, 11/1/24
Negative job growth in the private sector. (-28k)
Factory jobs -46k
Government job growth +40k

Talk about ending the Harris campaign with a whimper.

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TexasAggie_97
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In reply to Raiderjay • 8:32a, 11/1/24
AG
Raiderjay said:
Well, she did grow up in a middle class family.....
Perhaps but did her neighbors mow their yards?
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NPH-
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In reply to Raiderjay • 8:35a, 11/1/24
AG
Raiderjay said:
Well, she did grow up in a middle class family.....
interesting, I haven't heard her talk about this at all....
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Muy
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In reply to kongaggie • 8:37a, 11/1/24
AG
kongaggie said:
MSM is now blaming the hurricanes for a 95% nationwide decrease in job growth.


Except the big growth was government jobs, over 40k.

So were those jobs somehow not impacted by the same exact hurricanes?
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4stringAg
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8:38a, 11/1/24
AG
Hopefully this gets Rs even more motivated to go out and finish off this leftist admin killing this country.
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Quo Vadis?
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In reply to FireAg • 8:42a, 11/1/24
FireAg said:
https://www.foxbusiness.com/economy/us-jobs-report-october-2024.amp

October missed expectations by an order of magnitude, and August and September also revised down…

Nearly impossible to hide the ugly "R" word now…


Thank you for correct use of order of magnitude
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oh no
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8:43a, 11/1/24
AG
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MostlyHarmless
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8:43a, 11/1/24
AG
12,000. Why does that number look familiar? Oh, now I remember. From an article on USAfacts.org:

"Monthly encounters peaked with over 370,000 people in December 2023. That month, CBP encountered nearly 12,000 people at the border every day. That's more than eight people every minute."
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EX TEXASEX
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8:46a, 11/1/24
That power flcker everybody just experienced is an overload of the national power grid due to the simultaneous start up of hundreds of thousands of " Memory hole machines " by reporters and media groups across the U.S.
#FJB
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aglaes
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8:47a, 11/1/24
AG
And yet the market is slightly up this morning. Odd.
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TxAgLaw03RW
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8:51a, 11/1/24
AG
Don't forget downward revisions that were made as well, I think it was around-120,000 in adjustments for August and September.
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FireAg
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In reply to aglaes • 8:52a, 11/1/24
AG
aglaes said:
And yet the market is slightly up this morning. Odd.
I think investors knew it was coming and made their adjustments yesterday...

Market tanked yesterday...
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Claverack
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8:58a, 11/1/24
Is this country better off than it was four years ago?

The surrender to the Taliban in Afghanistan.

Unchecked immigration of illegals, including known murderers, rapists and terrorists.

Yet another stimulus package, stimulating only the bank accounts of Democrats and, as predicted by Democrat Larry Summers and most other economists, triggering inflation.

A so-called Inflation Reduction Act, a spending package benefitting Green New Deal scams while doing nothing to tamper infation.

An FBI spending more time spying on Catholics and the Religious Right than it does tracking down drug cartels and Islamo-Fascist terrorists.

A DoJ more interested in throwing their political opponent in jail on Kangaroo Court charges than in pursuing leftist thugs for committing hate crimes against Jews.

An Executive Branch increasingly regulating its way into every segment of our lives, including mandating the vehicles we drive, the appliances we purchase in our homes and even the definition of who gets to compete in women's athletics so that mentally-insane men can take part.

A While House whose policies prolong conflicts in the Middle East and Ukraine while empowering this nation's enemies in Iran, Russia and China to do their worst in destabilizing our allies.

A Department of Homeland Security that apparently can't be bothered, after several weeks, getting aid and recovery to anyone suffering from the impact of Hurricane Milton save their fellow Democrats in Asheville.

And now, a White House with a final economic exam producing a grand total of 12,000 jobs. Certainly a testament to traditional Democrat approaches to the economy.

We are in decline across the board at a level not seen since Jimmy Carter.

It requires a radical response against it at the ballot box.

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normalhorn
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In reply to FireAg • 9:01a, 11/1/24
But hope springs eternal, new contracts are on the board and the DJ is up almost 300 points. What a farce the economy has become.
...take it easy on me, I'm a normal horn
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Shoefly!
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9:03a, 11/1/24
AG
It's weird, gasoline prices are the lowest since Bidey spiked them 4 years ago. I wonder what's causing that drop?
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Claverack
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In reply to oh no • 9:03a, 11/1/24
oh no said:
Is there anything you would change, Blowhard?

"There is not a thing that comes to mind," Harris said. "I've been a part of most of the decisions that have had impact."

This is the agent of change Democrats anointed as their candidate without a primary vote earned, a nominee whose primary agenda for change is to maintain the course set in the previous four years.



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Ag_07
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In reply to Raiderjay • 9:06a, 11/1/24
AG
Raiderjay said:
Well, she did grow up in a middle class family.....

Where'd you hear that?
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MelvinUdall
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In reply to StandUpforAmerica • 9:06a, 11/1/24
Honest question, has there ever been negative job growth in the government sector?
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DDub74
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9:07a, 11/1/24
And don't forget the REVISIONS for last few months.

You will NEVER guess which way previous months were revised:

August was revised down by 81,000, from +159,000 to +78,000,

September was revised down by 31,000, from +254,000 to
+223,000
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The Beef01
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In reply to Seamaster • 9:08a, 11/1/24
AG
Seamaster said:
There are zero voters who haven't voted yet that were waiting on the latest jobs #s to make their decision.
Not true at all....there are probably zero registered voters who were charged-up to go to the polls who were going to be moved by this.

However, there are a ton of registered voters who viewed a vote in this election as a lick of a s***sickle and weren't going to and this is the sort of stuff that will make them go "ok, I can't just sit this out."

These numbers, however, convince me more-and-more that the people at the front of the DNC knew that they got over on the public with the 2020 election and did so to put a pair of incompetent boobs into place. Once it became obvious that Biden wasn't going to be able to hold on, they figured that the easiest way to reset things was to concentrate on the 2026 midterms and beyond b/c they were going to get way too much scrutiny in the 2024 election cycle.

The voting public is going to purge their party of Kamala Harris for good (like they did Mondale) and they'll never have to worry about her or Joe Biden popping-up and saying stupid stuff that will distract from the message as they'll spend the rest of their lives as punchlines.
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Owlagdad
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In reply to The Beef01 • 9:12a, 11/1/24
The Beef01 said:
Seamaster said:
There are zero voters who haven't voted yet that were waiting on the latest jobs #s to make their decision.
Not true at all....there are probably zero registered voters who were charged-up to go to the polls who were going to be moved by this.

However, there are a ton of registered voters who viewed a vote in this election as a lick of a s***sickle and weren't going to and this is the sort of stuff that will make them go "ok, I can't just sit this out."

These numbers, however, convince me more-and-more that the people at the front of the DNC knew that they got over on the public with the 2020 election and did so to put a pair of incompetent boobs into place. Once it became obvious that Biden wasn't going to be able to hold on, they figured that the easiest way to reset things was to concentrate on the 2026 midterms and beyond b/c they were going to get way too much scrutiny in the 2024 election cycle.

The voting public is going to purge their party of Kamala Harris for good (like they did Mondale) and they'll never have to worry about her or Joe Biden popping-up and saying stupid stuff that will distract from the message as they'll spend the rest of their lives as punchlines.
Yes. They will give Kamala a book deal, and she can live rest of her life, UPPER middle class.
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SW AG80
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In reply to Claverack • 9:13a, 11/1/24
AG
Good job condensing the last 4 years.

Thanks.
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AtticusMatlock
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9:20a, 11/1/24
Some of the strikes are being factored into it but even still that's pretty bad.

From a macro standpoint one of the side effects of boomers retiring en masse is we are seeing some capital leave the market as they try to batten down the hatches for retirement. The cost of capital is going to stay pretty high for a while. That's going to cut into private sector growth.

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