Once a month? Interesting... perhaps you should let the Department of Labor know... they have been sending out weekly reports like this: https://www.dol.gov/ui/data.pdf Also interesting how important the "labor participation" rate was when Obama was President. Yet, under Trump, its never mentioned. https://www.bls.gov/news.release/empsit.nr0.htm
The official monthly dpt of labor unemployment report comes the first Friday of the month This is not up for argument Ask anyone in finance in this forum
The issue was Trump using an arbitrary "1 million jobs" to pump up his image when that's actually not all that impressive in the context of what has happened using that similar metric in other years.
yip, the official report is released on the first Fri however, adjustments to previous reports, such as incomplete/inaccurate reporting caused by extreme adverse weather conditions, are released as they become available.
LOL...you make the claim that job reports only come out monthly. I show you a Department of Labor weekly job report, and you claim its unofficial. Still no comment on labor participation?
I've never criticized Obama's unemployment numbers on the basis of labor participation. Don't assume That being said my non political opinion on labor participation is that people did drop out of the labor force after the great recession because the late ninities to early 2000s was bloated with overpaying jobs. There has been an economic adjustment in which companies are trimming payroll of jobs that can be eliminated. There were a lot of overpaying non essential jobs up until the great recession drawing a lot of people who maybe wouldn't have been working otherwise
Yes there is that but I think there are lot of other jobs lost the next decade that had to do with an overheated economy. A lot of energy jobs for example. Edit: the bush economy was overheated really driven by real estate and cheap credit. A lot of the jobs lost after the 08 crash were related to that
http://www.politico.com/story/2017/10/06/economy-lost-jobs-in-september-2017-243532?cmpid=sf Hurricanes probably? Or are we back to Obama's economy /s ?
The last 7 years of Obama were all good, given we were recovering from The Great Republican Recession. Trump will certainly blame Obama. Can there be any doubt?
just the opposite. recovery effort, arguably, will spur on more infrastructure projects (bridges, fwy, etc) that is a high mark O's economy had generated > 60 consecutive mos of private sector job growth.
It could be 2020 and Trump and his fans would blame Obama if heaven forbid the economy takes a dip. But no this would look to be a dip due to 2 major hurricanes hitting the mainland. One of which took one of the largest port towns out of commission for a couple of weeks. Harvey especially had a ripple affect in my business, and we are really just now getting work back lined up so I can see it having an affect on net "jobs" this past month. Lets see what the response is over the next month but I would expect to see another month like this and then a bounce back hopefully.
Interesting to look at back at the original post that started this thread. U.S. economy loses jobs in September for first time since 2010 https://finance.yahoo.com/news/live-september-jobs-report-120955634.html
US Jobs Dropped By 33,000 In September, Likely Due To Storms Before this report, the economy had added an average of about 175,000 jobs per month; the unemployment rate has been at 4.3 or 4.4 percent since April. Job growth in September was expected to be lower than usual because of the effects of several devastating hurricanes. Economists did not generally predict an actual decline, but a not-so-stellar report was widely anticipated.
