Discover and read the best of Twitter Threads about #JOBSREPORT

Most recents (13)

In spite of a decent July #JobsReport, Trump has slipped from 6th place to 7th place (out of 14) in the number of jobs created during the first 30 months of a President’s term in office, going back the last 54 years.
The number of jobs created during the first 30 months of a President’s term over the past 54 years:

#1 Carter (2/1977-7/79) - 9.527 mil
#2 Clinton (2/1997-7/99) - 8.048m
#3 Clinton (2/1993-7/95) - 7.587m
#4 Obama (2/2013-7/15) - 6.733m
#5 Johnson (2/1965-7/67) - 6.306m
#6 Reagan (2/1985-7/87) - 5.875 mil
#7 Trump (2/2017-7/19) - 5.736m
#8 Bush (2/2005-7/07) - 5.264m
#9 Nixon (2/1969-7/71) - 1.876m*
#10 Nixon/Ford (2/1973-7/75) - 1.153m *
#11 Bush (2/1989-7/91) - 1.131m*
#12 Reagan (2/1981-7/83) - 0.596m lost*
Read 10 tweets
Donald Trump's day so far

- Says it's "too bad" someone broke into Elijah Cummings' home
- Sounds like a mafia boss
- Did Trump send someone to break in?
- Lousy #JobsReport
- Trump defends Kim Jong-Un
- Impeachment is coming
- Trump is going to prison
- It's still only 12:30pm
Donald Trump just went full mafia against Elijah Cummings palmerreport.com/analysis/mafia…
How the hell did Donald Trump know about Elijah Cummings’ burglary before everyone else? palmerreport.com/analysis/know-…
Read 13 tweets
Job growth stays solid but wages disappoint—again
epi.org/press/job-grow…
#JobsReport @EconomicPolicy 1/n
@EconomicPolicy Today’s jobs report showed that 164,000 jobs were added in July. After a couple of weak months this year, we are now seeing solid job growth for the last two months, even with sizable downward revisions for June (and continued losses in retail). 2/n
@EconomicPolicy Average employment growth this year so far has been notably slower (165,000) than last year’s average growth (223,000). Federal employment was expected to be impacted by the Census hiring—but the data show that non-postal federal employment increased by only 2,500 in July.
3/n
Read 25 tweets
Happy #JobsDay! 8:30 ET @BLS_gov delivers most important signals abt how economy is changing.

Expectations: +185K jobs. If >0, longest streak of monthly job creation on record to 103 months (graph).

Unemployment flat at 3.8%.

Accelerating wage growth?
I worked as CEA senior economist for labor in 2016-‘17. Briefed @WhiteHouse & SecLabor @tomperez & @SecretaryAcosta on #JobsReport monthly. I was honored to serve American people

@barackobama
obamawhitehouse.archives.gov/administration…

@realDonaldTrump
web.archive.org/web/2017061207…
Most important stat for families: wage growth. Measures how economic change affects our earning power.
Last month, average hourly earnings up 3.2% over year.
# jobseekers (red line) fell until 2 months ago.
# job openings (blue) up since '09.
Tightening accelerates wage growth
Read 26 tweets
1. All jobless claims reports for periods covering tomorrow's #JobsReport were rock solid. Today's mirrored a level not seen since December 6, 1969.

Consensus forecast is 170K, ranging from 145K to 218K.

Wage forecast = 3.4%, ranging from 3.1% to 3.9%.
ppdnews.us/RUkTm0E
2. If that wage (AHE) forecast is met, or even if it meets the low end of the forecast range at 3.1%, it'll be the 8th consecutive month of wage growth above 3%. No matter, we have not seen real wage pressure like this since before the Great Recession. ppdnews.us/1WnTuVS
3. Almost makes the headline jobs number a moot point if that wage forecast is met. That's why Americans are self-reporting such high sentiment and optimism surrounding the labor market and economy. Don't be surprised if we see either a significant revision or inflated number.
Read 4 tweets
The @BLS_gov released their monthly #JobsReport this morning. @equitablegrowth has 5 charts to help explain the current state of the labor market 1/7
equitablegrowth.org/equitable-grow…
The prime-age employment rate was unchanged in February, reflecting the low growth of payroll employment in the labor market.
The unemployment rate for African Americans and Hispanics continues to be significantly higher than for whites, and appears to have trended upward slightly for African Americans in the past few months.
Read 7 tweets
BIG JOBS REPORT! Unemployment up to 4%, but that's what happens when people want to work again.
Here's that #JobsReport referenced in the above tweet. peoplespunditdaily.com/news/economy/2…
Wage growth in Q4 2018 was the strongest in more than 10 years. The Labor Market ate the government shutdown for breakfast, despite Keynesian "experts" doing their usual Chicken Little routine.

AHE (wages) are up 3.2% for the year.
Read 3 tweets
🚨BREAKING🚨
🎃OCTOBER JOBS REPORT
💚📈NEW 250,000 JOBS ADDED
💚📈LABOR PARTICIPATION UP 2% to 62.9%
💚📈HOURLY WAGES UP .5 cents
UNEMPLOYMENT RATE DOWN TO 3.7%
THANK YOU PRESIDENT @realDonaldTrump
THIS IS A BLOWOUT REPORT
THIS IS AWESOME
- @dagenmcdowell
#JobsReport @MariaBartiromo #FoxBusiness
@realDonaldTrump
Read 8 tweets
Happy #JobsDay! 8:30 ET @BLS_gov delivers most important signals abt how economy is changing

Expectations:
+208K jobs. If >0, extends longest streak of monthly job creation on record to 8 years+1 month (graph). Progress so steady over so many years.

Big question: wage growth?
I worked as CEA senior economist for labor in 2016-‘17. Briefed @WhiteHouse & LaborSec on #JobsReport monthly
carlsonschool.umn.edu/news/aaron-soj…

I was honored to serve American people:
@barackobama
obamawhitehouse.archives.gov/administration…

@realDonaldTrump
web.archive.org/web/2018050822…
Public servants toiled all month surveying abt 200K bizs + individs, crunched data & made #JobsReport stats for us. Thanks @BLS_gov! Read @ryan_d_nunn @dwschanz @MichaelRStrain
brookings.edu/research/in-or…
Read 25 tweets
Labor market slowed substantially in Sept.

134,000 added jobs indicating worker shortages and U.S. trade skirmishes are cutting hiring.

Who could have predicted that trade embargoes would be bad for the workers who benefit from free trade?

usatoday.com/story/money/20… #jobsreport
Look, the problem isn't the unemployment rate.

The problem is that when the Great Recession hit, millions of good paying jobs disappeared.

The economy is bouncing back, but those good paying jobs have been replaced by low paying jobs. #jobsreport
For a concrete example of this, watch this report on just one city: Dayton, Ohio. #JobsReport

FRONTLINE, Left Behind America pbs.org/video/left-beh…
Read 4 tweets
Back-to-school #jobsreport shows a continue shortfall in public education jobs
epi.org/press/back-to-…
@EconomicPolicy (1/n)
This morning’s #jobsreport showed that the economy added 134,000 jobs in September, down from 270,000 jobs created in August.

Note: large revisions increased the August number from their initial report. (2/n)
This below trend topline number is partially due to Hurricane Florence, which made landfall during the reference period for this survey. Over the last three months the labor market has added 190,000 job per month on average, which is likely closer to the underlying trend. 3/n
Read 8 tweets
Happy #JobsDay #JobsReport!

Expectations:

+200K jobs. If >0, that’d extend longest streak of monthly job creation on record to 93 months. So steady for so long (graph).

Unemployment expected to tick even lower: 3.8%.

Big question: wage growth?
I worked as @WhitehouseCEA senior economist for labor in 2016-‘17. Briefed @WhiteHouse & LaborSec on #JobsReport monthly

I was honored to serve American people:
@barackobama
obamawhitehouse.archives.gov/administration…

@realDonaldTrump
web.archive.org/web/2018050822…

Now I brief u!
At 8:30ET, we get the most-important read on economic change, especially for working families.

Public servants toiled all month surveying abt 200K bizs + individs, crunched into #JobsReport stats. Thanks @BLS_gov!

@ryan_d_nunn @dwschanz @MichaelRStrain
brookings.edu/research/in-or…
Read 26 tweets
#Jobsreport:

❌Unemployment is UP: 4%
❌Wage growth stagnant at 2.7%
☑️213,000 non-farm jobs added

Most of the jobs lost (20k) were in retail.
#USD looks...not so great. (see graph below. The US dollar is tanking.)
h/t @eToro
#FridayMotivation

cnb.cx/2KTH4iI
"The number of unemployed persons increased by 499,000 to 6.6 million. A year earlier, the jobless rate was 4.3 percent, and the number of unemployed persons was 7.0 million."
#JobsReport
#FridayFeeling
#FridayMotivation
tradingeconomics.com/united-states/…
Read 3 tweets

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