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Friday, August 04, 2017

Breaking News: Employers added 209,000 jobs in July

The Labor Department released new hiring and unemployment figures on Friday morning. This is the latest official snapshot of the state of the American economy.

• 209,000 jobs were added in July, somewhat above Wall Street economists’ expectations.

• The unemployment rate was 4.3 percent. June’s jobless rate was 4.4 percent.

Economists had been expecting a gain of 180,000 jobs, with a slight decline in the unemployment rate to 4.3 percent. So the actual data is a convincing sign that the economy is growing faster than other data has suggested.


Anonymous said...

Democrats will say this is Russian influence or racist

Jim said...

The unemployment rate can't go much lower-- the 4.3% unemployed represents a lot of drugged-out and under-motivated people who just pass applications with no intent of working.

Employers, especially in manufacturing are begging for people who will just show up sober and do a decent day's work.

It's stunning how many young people quit the first day on a job. Don't even come back from lunch.

Anonymous said...

9:15. Maybe Democrats should say exactly the same thing Rebublicans said about similar numbers month after month and year after year during the Obama administration. Fake.

Anonymous said...

Then get interest rates back to 4 -5 percent. Things are not that good or rates would have to be raised from the paultry 1.25 percent.

Anonymous said...

When obama was in office, they would release good figures for jobs and unemployment, than two or three months later (on the down low), they would ADJUST the figures showing things weren't as rosy as initially thought (they were never adjusted for the better).
Now with President Trump, they are reporting even better figures and two or three months later, the figures are (very quietly) adjusted even better still.