STELLAR JOBS REPORT!!! UNEMPLOYMENT FALLS PRECIPITOUSLY!!!!

[Mainecat]

1 hour ago, Cold War said:

Oh, I know too well. Just given up on finding employees.  When I’m too old to do the work, it’s all done.  (Which will be sooner than later). Used to get kids from the trade school come in all the time,  haven’t seen a kid in years. 
My son in law is 28 running a big dealership.  Guy is an animal. In early, stays late.  You find someone like that you do what ever it takes to keep him. 

Family members are in the licensed trades. Both are mid 60’s and complain all the time about the younger generation behind them. They say they are doing all the work and look behind and see the30 year olds just staring......help me the fuck out he says. It’s like that all the time. He says he finished a large panel and looks around and has to yell get the broom for Cripes sakes. He says when the old guys were their age they were one step ahead helping the older guys not today. Job managers are freaking out cause all the old school guys are retiring.

Edited May 7, 2021 by Mainecat

[Highmark]

3 hours ago, BOHICA said:

Nothing wrong with increasing income for Americans.

Its awesome when it occurs within natural market forces.

[Highmark]

1 minute ago, Mainecat said:

Family members are in the licensed trades. Both are mid 60’s and complain all the time about the younger generation behind them. They say they are doing all the work and look behind and see the30 year olds just staring......help me the fuck out he says. It’s like that all the time. He says he finished a large panel and looks around and has to yell get the broom for Cripes sakes. He says when the old guys were their age they were one step ahead helping the older guys. 

Virtually everything you now supports helps create what you just posted.  

[Bontz]

11 minutes ago, Mainecat said:

You were quiet about debt and job loss when Trump was in office why care now. A gain of 600,000+ jobs are not a loss.

 

I've been quiet about debt forever ... I never blamed any administration (Democratic or Republican) for it because it's pretty much a useless argument.  Inflation rates have ebbed & flowed for YEARS, despite the constant fear mongering over our national debt.

YOU were the one to bring up the job loss topic in this thread.  And in typical fashion, you say something that makes you look DUMB because everyone with a brain knows, whoever you consider as the greatest of all president's, would have been dealt the same hand when COVID hit & been tagged with this notion of being responsible for the worst job loss ever.  Maybe if Trump hadn't been such an excellent president & got us to unprecedented levels of employment it wouldn't have been such a huge hit when the 'Rona went into effect.  Right?? 

[Fireball 440]

2 minutes ago, Bontz said:

I've been quiet about debt forever ... I never blamed any administration (Democratic or Republican) for it because it's pretty much a useless argument.  Inflation rates have ebbed & flowed for YEARS, despite the constant fear mongering over our national debt.

YOU were the one to bring up the job loss topic in this thread.  And in typical fashion, you say something that makes you look DUMB because everyone with a brain knows, whoever you consider as the greatest of all president's, would have been dealt the same hand when COVID hit & been tagged with this notion of being responsible for the worst job loss ever.  Maybe if Trump hadn't been such an excellent president & got us to unprecedented levels of employment it wouldn't have been such a huge hit when the 'Rona went into effect.  Right?? 

First Down!  Move the flags!

1st & 10 on the MC 35 yard line.

[Mainecat]

21 minutes ago, Highmark said:

Virtually everything you now supports helps create what you just posted.  

I support the Biden jobs Bill do you?

[Highmark]

4 minutes ago, Mainecat said:

I support the Biden jobs Bill do you?

You really need to ask that?  Biden "jobs" bill.     That's priceless.   

[Mainecat]

10 minutes ago, Bontz said:

I've been quiet about debt forever ... I never blamed any administration (Democratic or Republican) for it because it's pretty much a useless argument.  Inflation rates have ebbed & flowed for YEARS, despite the constant fear mongering over our national debt.

YOU were the one to bring up the job loss topic in this thread.  And in typical fashion, you say something that makes you look DUMB because everyone with a brain knows, whoever you consider as the greatest of all president's, would have been dealt the same hand when COVID hit & been tagged with this notion of being responsible for the worst job loss ever.  Maybe if Trump hadn't been such an excellent president & got us to unprecedented levels of employment it wouldn't have been such a huge hit when the 'Rona went into effect.  Right?? 

Job loss is due to low wage jobs.....period. Most losses are in the service industry if you cared to read why. I know small food business owners who let workers go due to Covid. Right now after a year they can’t get them back because they paid them minimum food service wages. In Mass that’s 5.50 for servers. Yeah they get tips but no one pays benefits. The owners tell me most have left for much better part time wages with benefits. Those people are not coming back even after getting Covid assistance.

I have zero compassion for any restaurant owner who cries they can’t get their employees back. They never paid them for full time work, paid minimum wage with zero benefits and relied on the government like walMart, Home Depot etc to subsidize their bottom line.

[Mainecat]

9 minutes ago, Highmark said:

You really need to ask that?  Biden "jobs" bill.     That's priceless.   

So infrastructure investment doesn’t create jobs in the Trump world now?

Do you support the Bill?

Edited May 7, 2021 by Mainecat

[Highmark]

4 minutes ago, Mainecat said:

So infrastructure investment doesn’t create jobs in the Trump world now?

Do you support the Bill?

Use your brain dude......sorry I forgot who I was talking to.    

Infrastructure?   Don't make me laugh.   Actual infrastructure is a small portion of the bill.   Less than 20% if I recall.   

Edited May 7, 2021 by Highmark

[Zambroski]

11 minutes ago, Highmark said:

Use your brain dude......sorry I forgot who I was talking to.    

Infrastructure?   Don't make me laugh.   Actual infrastructure is a small portion of the bill.   Less than 20% if I recall.   

You tell’em!

[Angry ginger]

25 minutes ago, Mainecat said:

So infrastructure investment doesn’t create jobs in the Trump world now?

Do you support the Bill?

whose going to do this infrastructure work.  Generations of pols have fucked this countries infrastructure.   Demented joe is prob not going to really change anything.  

 

 

 

[Zambroski]

14 minutes ago, Angry ginger said:

whose going to do this infrastructure work.  Generations of pols have fucked this countries infrastructure.   Demented joe is prob not going to really change anything.  

 

 

 

 

[XCR1250]

April jobs report: Payrolls rose by 266,000, sharply missing estimates, as unemployment rate increased to 6.1%

EMILY MCCORMICK

May 7, 2021, 7:31 AM

 

 

 

 

 

 

 

 

 

 

 

LIVE

Yahoo Finance LIVE - May 07

 

 

 LIKE COMPLEX  
 THAT THAT, AND I THINK RICK  

The U.S. economy brought back far fewer jobs than expected in April, and the unemployment rate unexpectedly increased.

The Labor Department released the April jobs report Friday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus data compiled by Bloomberg:

• Non-farm payrolls, April: +266,000 vs. +1.000 million expected, +916,000 in March 

• Unemployment rate, April: 6.1%vs. 5.8% expected, 6.0% in March 

• Average hourly earnings, month-over-month, April: 0.7%vs. 0.0% expected, -0.1% in March

• Average hourly earnings, year-over-year, April: 0.3%vs.-0.4% expected, 4.2% in March 

Non-farm payrolls rose for a fourth straight month but at a sharply decelerated clip, even as easing social distancing standards across the country helping support the recovery. Heading into the report, economists expected a blowout payrolls number: Nomura chief economist Lewis Alexander said market participants should brace for a "monster U.S. payroll number," driven in large part by advances in some of the industries hardest-hit by the pandemic. Leisure and hospitality payrolls were still down by 3.3 million compared to February 2020 levels as of March, but have been making some of the largest gains over the past several months to try and lessen this deficit. 

 

And recently, companies and business surveys have suggested that the main economic concern now is around making sure businesses have enough workers to keep up with rising demand. 

"We know per recent qualitative data that companies are starved for employees at the moment. We can see that in both ISM reports (manufacturing and services) as well as in the Fed’s Beige Book," economists at RBC Capital Markets wrote in a note last week. "Moreover, we know that continuing claims (not-seasonally adjusted) made a sizable improvement when measured between the payroll survey weeks, and that underpins our forecast." 

Still, many Americans remain on the sidelines of the labor market, and will likely continue to do so until concerns around the pandemic recede further. But with more than 40% of the population already injected with at least one dose of a COVID-19 vaccine, additional progress is unlikely to come quite as quickly, and many epidemiologists are now predicting the U.S. will never entirely reach "herd immunity." The labor market's ability to rebound further as businesses focus on risk mitigation rather than total elimination will be a key focus going forward. 

"A big segment of the workers are still concerned about the pandemic. We estimate roughly 1.6 million workers want a job but didn't look for a job recently because they were still concerned about contracting the virus, or other factors around the pandemic," Joe Song, Bank of America U.S. economist, told Yahoo Finance on Wednesday. "On top of that, you had some workers citing that childcare was still a big factor for their decision not to participate in the labor market." 

Heading into Friday's report, the economy was still 8.4 million payrolls short of levels from February 2020. And the labor force participation rate, at 61.5% in March, was 1.8 percentage points below levels from before the outbreak last year.

This post will be updated with the results of the April jobs report from the Labor Department Friday morning at 8:30 a.m. ET. Check back for updates.

—

Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

[Roosting]

3 hours ago, Mainecat said:

So infrastructure investment doesn’t create jobs in the Trump world now?

Do you support the Bill?

What are say the top 3 things that you support in  the bill?

Also what are the top 3 pork projects in the same bill you oppose?

[CFM]

They Only missed guess of new jobs by 300+ % .  Clowns 🤡 

Edited May 7, 2021 by CFM

[Skidooski]

Biden is going to spend his way out of this. Turn up the print machines Kamala

[Mainecat]

Jesus you idiots are fuckin back of the class dumb asses.

[Zambroski]

2 minutes ago, Mainecat said:

Jesus you idiots are fuckin back of the class dumb asses.

Well, teach us!  
 

 

 

 

[Cold War]

2 hours ago, Mainecat said:

Family members are in the licensed trades. Both are mid 60’s and complain all the time about the younger generation behind them. They say they are doing all the work and look behind and see the30 year olds just staring......help me the fuck out he says. It’s like that all the time. He says he finished a large panel and looks around and has to yell get the broom for Cripes sakes. He says when the old guys were their age they were one step ahead helping the older guys not today. Job managers are freaking out cause all the old school guys are retiring.

It really is amazing.  My 75 year old Dad would out work most of these young kids.  I was down the street at another shop .  The owner was hoping to find a young guy to train and pass the business along like the way he got it.  He points out to the shop.  You see who I have working.  These guys are all as old and beat up as me.  When I’m done it’s done.  

[Bontz]

3 minutes ago, Mainecat said:

Jesus you idiots are fuckin back of the class dumb asses.

This is where I want to understand the logic of the people who think Biden is the right leader, right now.  Prior to COVID, if you had the self restraint to not watch the MSM, and get sucked into all the bullshit going on in Washington & the political spectrum ... how was your life?  Day-to-day livelihood was cruising along just fine, for the most part, wasn't it?  Gas prices were pretty damn tolerable, right?  A person's daily commutes/driving weren't a major concern?  Investments were going pretty well too, I'd assume - weren't they?  I mean, seriously - outside of the rants here and other social media apps, and the MSM - weren't we living pretty comfortably?  I despised Obama and his policies, but looking back over the 8 years we had him, I could say the same thing (life really wasn't THAT bad if a person tuned out the MSM).  But because of the utter hatred over Trump and his poor social media presence, and the biggest offense of all .... beating Hillary ... we've been in this inescapable, drama filled, toilet swirl and the ugliest tailspin I personally have seen the US go through over the course of my adulthood.

As much as I want to laugh at people my age and older for their "Orange Man Bad" mentality, I'm more disgusted with the Millennials and younger crowd for being indoctrinated towards this socialist, "I deserve a 6 figure job with only the hours that suit me" / "everyone's a winner" mental deficiency.  Your reference to "back of the class dumb asses" is exactly why this country is hurting ... we're the victims of stupidity (unfortunately, it's the stupid ones who don't think it's their dumb asses are to blame).

 

[Angry ginger]

1 hour ago, XCR1250 said:

 

 

Heading into Friday's report, the economy was still 8.4 million payrolls short of levels from February 2020. And the labor force participation rate, at 61.5% in March, was 1.8 percentage points below levels from before the outbreak last year.

This post will be updated with the results of the April jobs report from the Labor Department Friday morning at 8:30 a.m. ET. Check back for updates.

—

Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

i think there are a lot of people using the pandemic as their excuse who may never go back to work if they were close to retirement anyways.   Especially if their jobs make them go back to work.  We require a letter confirming that an employee can work remote when they buy a house way away from where they work and have started seeing some employers saying no you will need to come in 1-2-3 days a week to the office.  Got a letter yesterday where they straight out told the employee to let them know by Jun 1 if they were coming back or being let go.  

[Ez ryder]

9 hours ago, BOHICA said:

Competition breeds higher wages.  If you can’t find people to work it is likely you are not paying enough to do the job.

Bull shit can't even get any calls  or messages put adds every place nothing .

Not just Me I know 4 guys in the same boat 

[BOHICA]

28 minutes ago, Ez ryder said:

Bull shit can't even get any calls  or messages put adds every place nothing .

Not just Me I know 4 guys in the same boat 

You will always have somebody knocking down the door if it pays really well.

[BOHICA]

6 hours ago, Highmark said:

Its awesome when it occurs within natural market forces.

Yep...  nothing more natural when you can’t get people to go to work because it has no advantage to go to work