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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Delayed November Jobs Report is out

Delayed November Jobs Report is out

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  • MikM Away
    MikM Away
    Mik
    wrote on last edited by
    #1

    News is pretty good.

    https://www.msn.com/en-us/money/markets/the-delayed-november-jobs-report-is-out-here-s-what-it-means-for-rates/ar-AA1SHciy

    "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

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    • AxtremusA Offline
      AxtremusA Offline
      Axtremus
      wrote on last edited by
      #2

      From the article:

      According to the latest data, the United States added 64,000 jobs in November but lost 105,000 in October as the unemployment rate rose to 4.6%,

      Across October and November, there was a net loss of 41,000 jobs, and the unemployment rate went up. What's "pretty good" about it?

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      • LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote on last edited by
        #3

        4.6 unemployment is actually pretty good. @taiwan_girl always pointed out that US unemployment was actually a little too low for solid growth…

        The Brad

        AxtremusA 1 Reply Last reply
        • LuFins DadL LuFins Dad

          4.6 unemployment is actually pretty good. @taiwan_girl always pointed out that US unemployment was actually a little too low for solid growth…

          AxtremusA Offline
          AxtremusA Offline
          Axtremus
          wrote on last edited by
          #4

          @LuFins-Dad said in Delayed November Jobs Report is out:

          4.6 unemployment is actually pretty good.

          A fair point. What unemployment percentage would you deem less than “pretty good”?

          You seemed quite a bit less sanguine around Jan. 5, 2024 when the unemployment rate was a mere 3.7% as evidenced by your series of posts from around this one: https://nodebb.the-new-coffee-room.club/post/257295

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          • 89th8 Offline
            89th8 Offline
            89th
            wrote on last edited by
            #5

            Unfortunately there’s a war on truth so who knows what data is accurate.

            https://www.msn.com/en-us/news/politics/government-s-historic-role-as-trusted-information-source-is-under-threat/ar-AA1SJ0AA

            1 Reply Last reply

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