U.S. employers add 187,000 jobs in July; unemployment dips to 3.5%

One of the most important reasons why Biden is a better choice than Trump. Like most Democratic administrations, the Biden administration has improved the economy after the GOP ruins it.

The GOP are always desperately ready to cheat during the elections to exploit the healthy economies rebuilt by Democrats.

And he said that some of the pandemic hiring frenzy has receded. “During COVID, a nurse, an RN, could ask for and get $100 an hour,’’ Lupario said. But hospitals are “not paying $100 an hour anymore. They’re paying pre-COVID rates at $75 to $85 an hour. Those same nurses that were making 100 bucks an hour are sitting on the sidelines maybe waiting for somebody to offer them $100 an hour, not realizing that they’re probably not going to get it.’’

I bet the HMO execs, hospital administrators etc did not suffer a downturn in their income and investments.

That is Late Stage Capitalism and all to evident in this economic news.

But even the visas can be a hassle. “We need them around April,’’ Letourneau said. “We don’t get them until June, July. One year we didn’t get them until October ... I wish I had an answer on the labor market.’’

Offering more pay and better benefits usually does the trick. I get tired of listening to cheapskate employers whine about not being able to find enough workers to fill the jobs they have.

That is Late Stage Capitalism and all to evident in this economic news.

A full frontal display of a lack of any formal training in economics. What you see is a symptom of a lack of competition, oligopoly and sometimes monopoly. It has nothing at all to do with "late stage capitalism". The US and other industrial democracies generally have anti trust laws designed to prevent the accumulation of market power in too few sellers but too often they fail to enforce these rules. In the US it is compounded by a court system that seems to side with producers and against enforcing anti-trust laws. It is a problem that can occur in any stage of development if one or two big companies are allowed to capture a market. The EU which is arguably in a later stage of development than the US does what most economists consider to be a better job of enforcing competition.

Good News for everyone, Congrats America, now press ahead as always and lead the world out of this miserable pandemic.

With the revisions, June and July were “the two weakest monthly gains in two-and-a-half years,’’ 

and this current month will also be “revised” downward once the messaging is out.

BlacklabelToday 12:58 pm JST

With the revisions, June and July were “the two weakest monthly gains in two-and-a-half years,’’ 

and this current month will also be “revised” downward once the messaging is out.

It's called measurements that require more time to collect. I realize this is a tough concept for the anti-science Trump-ster.

“This is a good strong report,'' said Julia Pollak, chief economist at the jobs website ZipRecruiter. ”The worst fears that people had of a painful downturn, a loss of jobs, longer unemployment durations, all those things — those are not coming to pass.'

Bidenomics at work.

All the nay-sayers screaming about the coming recession and inflation.

Let's see, Inflation at 3% by far the lowest of the Western economies post Covid.

Unemployment 3.5% that is the lowest in 50 years and by far lower than the technical definition of "full employment"

AND GDP growth, real wage growth and no recession on the horizon.

THAT is a unicorn event brought to the American voter by the Biden administration.

Never in modern history has the Fed been able to fight inflation without causing a recession. Never.

And who is president when it happened? Oh, that would be Joe.

"My Kevin" and the GQP did nothing (which is probably a good thing given their utter incompetence) to fight inflation, create jobs or grow the economy.

and this current month will also be “revised” downward once the messaging is out.

Wrong again (as per usual). If anything JUST AS HAS HAPPENED IN PREVIOUS MONTHS, it will be adjusted up. But these are the numbers as the government has them now.

No, it's not "fixed". After all, this is not the Trump administration. Nobody drawing a sharpie circle on a hurricane map to match their bogus narrative here.

Great news!!!! The job market continues to be hot!!!

Wrong again (as per usual). If anything JUST AS HAS HAPPENED IN PREVIOUS MONTHS, it will be adjusted up.

man you on fire with the misinformation today! Article much?

“The Labor Department revised payroll figures down for both May and June”

China's job market is going south and a record number of Chinese nationals are being nabbed coming across the border into Texas and California. Makes me think Xi is turning China into another NK and the Chinese coming across the border are paying the Mexican cartels and coyotes $50,000 a pop to get them to the border.

The GDP numbers were revised UP. And that jobs growth? Still QUITE strong in spite of the best efforts of the GQP to crash the economy in order to install stupid Voldemort.

Too bad reality doesn’t fit your narrative.

Bidenomics at work. 

All the nay-sayers screaming about the coming recession and inflation. 

Well….

https://www.msn.com/en-us/money/markets/latest-housing-data-are-clear-bidenomics-is-heading-toward-a-crash-opinion/ar-AA1eTH6I

Let's see, Inflation at 3% by far the lowest of the Western economies post Covid.

savings from other provisions in the bill won’t kick in until the future. For example, efforts to lower drug prices, including caps on their costs for seniors, won’t take effect until 2025.

While its name claims it will tame soaring inflation, estimates show that the bill likely won’t do much to pull down the inflation rate.

-Forbes 

Unemployment 3.5% that is the lowest in 50 years and by far lower than the technical definition of "full employment" 

Blacks aren’t exactly feeling it and that’s not good for Joe.

https://www.reuters.com/world/us/some-black-men-lose-faith-biden-democrats-2024-2023-08-01/

AND GDP growth, real wage growth and no recession on the horizon. 

THAT is a unicorn event brought to the American voter by the Biden administration. 

Never in modern history has the Fed been able to fight inflation without causing a recession. Never. 

And yet, his numbers continue to drop, why?

According to the Penn Wharton Budget Model(PWBM), there’s low confidence the legislation will have any impact on inflation. PWBM is a nonpartisan, research-based organization at the University of Pennsylvania that creates economic analysis of public policy’s fiscal impact.

https://www.forbes.com/advisor/personal-finance/inflation-reduction-act/

Wrong again (as per usual). If anything JUST AS HAS HAPPENED IN PREVIOUS MONTHS, it will be adjusted up. But these are the numbers as the government has them now. 

Numbers, yes.

https://www.usatoday.com/story/opinion/columnist/2023/07/06/biden-economy-us-inflation-pains-americans/70379369007/

No, it's not "fixed". After all, this is not the Trump administration.

Sadly, it’s not.

Nobody drawing a sharpie circle on a hurricane map to match their bogus narrative here.

https://edition.cnn.com/politics/live-news/biden-2024-presidential-election#h_5d4c152b14681e86c02b18a2e163f0fa

But yeah, the bogus narrative of this administration.

A full frontal display of a lack of any formal training in economics. What you see is a symptom of a lack of competition, oligopoly and sometimes monopoly.

I would not be bragging about your "formal training" in the dismal so-called science of economics that gave us the Chicago school, Hayek, Freidman, and David Stockman who has said that supply-side economics was merely a cover for the trickle-down approach to economic policy, which much of modern neo-liberal economics actually is.

The extractive neo-liberalism, where these workers will still suffer, abides in the defenders of the economic plans of Biden and also in his rightist opponents.

The alternative is provided by a different economic paradigm.

The alternative is provided by a different economic paradigm.

Such as?

And just wait until after the 2024 election IF the republicans win. All of Biden's progress will disappear in months. The sad thing is, the average USA voter does not realise this or even worse does not care.