WFB:
WASHINGTON (Reuters) – U.S. job growth unexpectedly slowed in April, likely restrained by worker shortages that have left businesses scrambling to meet booming demand as the economy reopens amid rapidly improving public health and massive financial help from the government.
The Labor Department’s closely watched employment report on Friday, which showed a plunge in temporary help jobs – a harbinger for future hiring – as well as decreases in manufacturing and retail employment, could sharpen criticism of generous unemployment benefits.
The enhanced jobless benefits, including a government-funded $300 weekly supplement, pay more than most minimum-wage jobs. The unemployment benefits were extended as part of a massive $1.9 trillion COVID-19 pandemic relief package approved in March.
Nonfarm payrolls increased by only 266,000 jobs last month. Data for March was revised down to show 770,000 jobs added instead of 916,000 as previously reported. Economists polled by Reuters had forecast payrolls would advance by 978,000 jobs. read more
Job offers near an all-time high.
They were high for more than a year, before the plandemic, but at the time unemployment was extremely low and ’employment rate’ very high. Now it’s just people sitting on juicy unemployment payouts.
(Look at 5-year for best results):
https://tradingeconomics.com/united-states/job-offers
https://tradingeconomics.com/united-states/employment-rate
Thanks, Joe! Keep that mask on and that stimmy money coming! Jobs? We don’t need no stinkin’ jobs!
Good work, Jurassic Joe. You knowledge of economics involves using all your fingers.
I’m on temporary layoff for a week or so. I work for a parts supplier to the big three. There is a serious microchip shortage in the auto industry right now. I have a friend whose son’s both work at Ford’s and they have been off for a month already.
Joe was busy cancelling pipelines, steel manufacture, energy industry and driving up manufacturing costs. Companies are switching to offshoring very rapidly with ChYnnA being fastest to recover. The US dollar is again sinking against any hard assets.
It will get worse.
GuvNa Whitmer is about to stop the flow of petroleum products to Ohio Pennsylvania, Ontario & Frogistan by shutting the “Line 5 Pipeline” in her state.
Her boat in Florida Must run on Queef Gas.
That is a lot of people who will be signing up to LEARN TO CODE. on both sides of the northern boarder.
Most losses in states voting for the crazy old fool.
https://www.foxbusiness.com/economy/job-decline-states-vote-2020-election
How the hell did the Dow gain 277 and end up at almost 35,000 with all this crap going on?
@JM
JM, that’s a damned lie. Ya dog faced pony solder. You are.
I went to Walmark an they had plenty of chips. Big bags of chips and small bags.
Ant the tiny little bags of chips like for the kids at Halwin. Let me try that again. Hall O Weeen! Like Haloween. They had regular, salt & vinegar & other favors.
Course the Brits call them Crisps, because there a bit different over there. They have pickle flavor and other ones, I forget which ones now. Jill?
And those Kanabians up north of us with the Ketchup flavored ones. Boy that’s a money maker for John Kerry and his wife with the ketchup thing they do.
But not Doritos cause those are from corn. Which you can put in your truck and cars for gasoline with effanol, and for the environment.
So you, your gonna stop with the lies about the chips soldier. We got plenty of chips here. Just go to the store.
@JM
Sincerely, that is bad news. I hope you, yours, and all of us get back to working and earning again soon. Stay strong.
@Anonymous
Up 277 due to Printing money and the shitty job numbers signal that Wall Street does not see inflation or higher interest rates yet.
To which I say, “have you seen the fucking price of FOOD lately!”
Gold up $70 an oz. in 48 hours. The “magic photocopiers” at J.P. Morgan are going overtime printing ETF’s, to try and drive the REAL stuff down, and cover their asses!!! 😳