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Jobs Tag

Yikes. The August jobs report is less than stellar as the economy only added 130,000 jobs in the month. To make matters worse, a lot of those jobs were temporary jobs for the 2020 census. But one jobs report should not cause a freakout. Unemployment remains at 3.7% while reports from earlier this week showed consumer spending continues to climb.

The economy added 164,000 jobs in July while unemployment held steady at 3.7%. Annual wage growth went up to 3.2%. Overall the report satisfied analysts and economists since it almost fell in line with expectations. It shows a healthy economy despite a slight slowdown.

Holy cow, what a drop off. The February jobs report shows the economy only added 20,000 jobs last month. Experts predicted 180,000 jobs. However, the unemployment rate fell to 3.8%.

Unions and Democrat politicians asked Amazon to come back to Long Island City, Queens, in an open letter in The New York Times. They wrote:
New Yorkers do not want to give up on the 25,000 permanent jobs, 11,000 union construction and maintenance jobs, and $28 billion in new tax revenues that Amazon was prepared to bring to our state. A clear majority of New Yorkers support this project and were disappointed by your decision not to proceed. We understand that becoming home to the world’s industry leader in e-commerce, logistics and web services would be a tremendous boost for our state’s technology industry, which is our fastest growing generator of new jobs. As representatives of a wide range of government, business, labor and community interests, we urge you to reconsider, so that we can move forward together.

The gross domestic product (GDP) in the last quarter of 2018 grew 2.6%, which exceeded expectations. This is the first time since President George W. Bush that we had four straight quarters with GDP growth 2% and up. Experts thought the GDP, "a broad measure of the goods and services produced across the U.S.," would land at 2.2%.

The economy added 304,000 jobs in January, the 100th month in a row with growth. Experts predicted only 107,000 jobs in January. Labor force participation (LFP) is the highest it's been since 2014 at 63.2%. Average hourly wages only grew by 0.1%, but overall it's up 3.2% from a year ago. The unemployment went up slightly from 3.9% to 4%.