The U.S. Economy Was Expected to Add 100,000 Jobs in October—It Actually Added 12,000.
MSN Entrepenuer ^ | 11/01/2024 | Sherin Shibu
Posted on 11/01/2024 9:13:16 AM PDT by Vendome
he latest employment situation report from the U.S. Bureau of Labor Statistics (BLS), released Friday morning, showed that the economy added only 12,000 jobs in October, or 12% of the 100,000 additions expected. It's the smallest gain in four years, since December 2020.
The report "showed a material weakening in job growth," EY Senior Economist Lydia Boussour told Entrepreneur in an emailed statement.
(Excerpt) Read more at msn.com ...
TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: jobs; less; traffic; worse
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FOX NEWS ALERT: “October jobs report just released shows the U.S. added only 12,000 jobs last month, that’s around 100,000 fewer than economists expected. That’s unbelievable,” reports Brian @kilmeade .
https://x.com/i/status/1852342088085508410
1 posted on 11/01/2024 9:13:16 AM PDT by Vendome
To: Vendome
2 posted on 11/01/2024 9:13:30 AM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
To: Vendome
“NO WAY FORWARD!”. quemala/tampon timmy
3 posted on 11/01/2024 9:15:18 AM PDT by rktman (Destroy America from within ? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
To: Vendome
Trillions in Government Spending added Government Jobs and Government Adjacent Jobs. Down the rathole.
4 posted on 11/01/2024 9:15:32 AM PDT by MMusson ( )
To: Vendome
I guess Biden-Harris is still digging out of the Depression that Trump caused. Just give them a little more time!!!
5 posted on 11/01/2024 9:15:55 AM PDT by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
To: Vendome
And released on a Friday...
To: Vendome
Is this the downward adjustment that always follows the report or, when that comes out, do we actually run the risk of going underwater?
7 posted on 11/01/2024 9:16:35 AM PDT by johniegrad
To: Vendome
I admit being shocked that this was allowed to come out on the Friday before the election. Is this the result of both Bidens trying to sabotage Kammy, or are is this actually the ‘GOOD’ set of numbers??
8 posted on 11/01/2024 9:19:44 AM PDT by alancarp (George Orwell was an optimist.)
To: Vendome
If I didn’t know any better, I’d say these numbers are fake, just to make Harris lose.
Biden’s revenge.................
9 posted on 11/01/2024 9:22:45 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
To: Vendome
And all of the US stock markets are up. The system is rigged, and not for the small investors.
10 posted on 11/01/2024 9:24:13 AM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
To: Vendome
How many were government jobs?
11 posted on 11/01/2024 9:26:38 AM PDT by frogjerk
To: alancarp
I admit being shocked that this was allowed to come out on the Friday before the election. Is this the result of both Bidens trying to sabotage Kammy
Even if Harris wins, she'll bring in her own people so Biden team knows that they're on their way out.
To: Vendome
So maybe for once they REALLY REALLY reported the TRUE NUMBER so we all don’t have to wait around for a month or two for the REVISED DOWNWARD NUMBER.
Nah, they would never report the REAL NUMBER so close to election day would they?????
13 posted on 11/01/2024 9:27:46 AM PDT by OHPatriot (Si vis pacem, para bellum)
To: CatOwner
“And all of the US stock markets are up.”
Up because they are hoping this means another rate cut.
14 posted on 11/01/2024 9:29:31 AM PDT by willk (Local news media. Just as big an enemy to this country as national media)
To: Vendome
And ALL of the 12,000 + 40,000 more government jobs were added and negative 50,000 private sector. That would be good numbers in a Communist country. The Oligarchs would be happy!
15 posted on 11/01/2024 9:32:01 AM PDT by Eli Kopter
To: Vendome
Cut rates, print more money, raise that gazillion dollar national debt, just in time for the Christmas rush. Buy, buy, buy, max out those credit cards!
But the best thing for this sick economy would be WW3. That would really stimulate it!
/sarc
16 posted on 11/01/2024 9:37:51 AM PDT by Deo volente ("When we see the image of a baby in the womb, we glimpse the majesty of God's creation." Pres. Trump)
To: alancarp
Probably the best they could spin it
17 posted on 11/01/2024 9:39:26 AM PDT by wgmalabama (Screw Ukraine, screw Russia, screw the west. The only thing that matters is money at this point. )
To: Vendome
Even at that, you know the number will be revised way down.
18 posted on 11/01/2024 9:40:08 AM PDT by MtnClimber (For photos of scenery and wildlife, click on my screen name for my FR home page. More photos added.)
To: CatOwner
Stock market represents people chasing gain.
19 posted on 11/01/2024 9:40:33 AM PDT by wgmalabama (Screw Ukraine, screw Russia, screw the west. The only thing that matters is money at this point. )
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