US Jobs Report for November 2021 Signals Economic Policy Failure - 210,000 jobs added (550,000 jobs were expected)

xfactor

Rising Star
BGOL Investor
Economy badly disappoints with just 210,000 jobs in November



The economy added just 210,000 new jobs in November, far fewer than the half-million expected.


The disappointing news from the survey of establishments published by the Bureau of Labor Statistics Friday showed a loss of momentum in job gains, which had been strong the previous two months.

Still, the news from the separate household survey published in Friday's jobs report was more favorable. It showed the unemployment rate dropping by 0.4 percentage points to 4.2%, where it was in mid-2017.

Otherwise, the economic news in recent weeks has been relatively encouraging. Jobless claims, which are a proxy for layoffs, are running atextremely low levels.

POWELL SAYS FEDERAL RESERVE COULD MOVE FASTER TOWARD RATE HIKES AMID HIGH INFLATION

The economy continues to claw its way out of a pandemic-induced slump, but it is still millions of jobs short of its pre-pandemic level. Before COVID-19 hit, the unemployment rate was at an ultra-low 3.5%.

The gradual rebound of the economy ran into a speed bump over the summer when the delta variant of COVID-19 emerged and sent hospitalizations and deaths spiking. The omicron variant of the virus was recently discovered, which the World Health Organization quickly branded a “variant of concern.”

The stock market responded to the omicron variant with its worst single-day decline of 2021, although there has not yet been any evidence that the new strain is more dangerous than previous iterations of COVID-19.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

Still, the country is suffering from rising prices, with inflation clocking in at 6.2% for the year ending in October, nearly 0.5% above predictions and the highest level in three decades. There are also concerns with worker shortages as some businesses struggle to find workers. The price pressures have led Federal Reserve Chairman Jerome Powell to say that the central bank will move more quickly toward raising its interest rate target.

Consumer confidence is also down, with the University of Michigan Consumer Sentiment Index falling to 67.4 in early November, from 71.7 in October — a 10-year low.


Tags: News, Jobs, Unemployment, Department of Labor, Inflation, Coronavirus

Original Author: Zachary Halaschak

Original Location: Economy badly disappoints with just 210,000 jobs in November
 
Economy badly disappoints with just 210,000 jobs in November



The economy added just 210,000 new jobs in November, far fewer than the half-million expected.


The disappointing news from the survey of establishments published by the Bureau of Labor Statistics Friday showed a loss of momentum in job gains, which had been strong the previous two months.

Still, the news from the separate household survey published in Friday's jobs report was more favorable. It showed the unemployment rate dropping by 0.4 percentage points to 4.2%, where it was in mid-2017.

Otherwise, the economic news in recent weeks has been relatively encouraging. Jobless claims, which are a proxy for layoffs, are running atextremely low levels.

POWELL SAYS FEDERAL RESERVE COULD MOVE FASTER TOWARD RATE HIKES AMID HIGH INFLATION

The economy continues to claw its way out of a pandemic-induced slump, but it is still millions of jobs short of its pre-pandemic level. Before COVID-19 hit, the unemployment rate was at an ultra-low 3.5%.

The gradual rebound of the economy ran into a speed bump over the summer when the delta variant of COVID-19 emerged and sent hospitalizations and deaths spiking. The omicron variant of the virus was recently discovered, which the World Health Organization quickly branded a “variant of concern.”

The stock market responded to the omicron variant with its worst single-day decline of 2021, although there has not yet been any evidence that the new strain is more dangerous than previous iterations of COVID-19.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

Still, the country is suffering from rising prices, with inflation clocking in at 6.2% for the year ending in October, nearly 0.5% above predictions and the highest level in three decades. There are also concerns with worker shortages as some businesses struggle to find workers. The price pressures have led Federal Reserve Chairman Jerome Powell to say that the central bank will move more quickly toward raising its interest rate target.

Consumer confidence is also down, with the University of Michigan Consumer Sentiment Index falling to 67.4 in early November, from 71.7 in October — a 10-year low.


Tags: News, Jobs, Unemployment, Department of Labor, Inflation, Coronavirus

Original Author: Zachary Halaschak

Original Location: Economy badly disappoints with just 210,000 jobs in November

OP's desparation is showing. At one point him and the rest of the ADOS/Don't Vote crew were on here saying how the source of the info doesnt matter. That's cause they keep posting right wing conservative sites.

The Washington Examiner

 
OP's desparation is showing. At one point him and the rest of the ADOS/Don't Vote crew were on here saying how the source of the info doesnt matter. That's cause they keep posting right wing conservative sites.

The Washington Examiner

That cracker ass republican's always posting doom and gloom whenever he can blame Democrats for it.... same way that the goat fucker posts anything anti-American but pro Russian while supposedly living here


.
 
Policy failure? There are no workers. People do want to risk their lives in jobs where
they might die because your kind insists on lining up beside them with your Covid-
spreading, unvaccinated asses;

Tell us how happy you would be to repeatedly share the huddle with Aaron Rodges'
immunised ass
Yes, policy failure but I did not write the article, I just relayed the message. You can’t project 500k+ jobs and only deliver 40% of that. You do not see that as a policy failure? You do not think that the forecast accounted for those attributes in the analysis?
 
OP's desparation is showing. At one point him and the rest of the ADOS/Don't Vote crew were on here saying how the source of the info doesnt matter. That's cause they keep posting right wing conservative sites.

The Washington Examiner

The source doesn’t matter if you have the ability to discern fact and fiction. Most people (such as yourself) do not so you only follow what you were told.

If you were sitting on a park bench and a homeless man walked by and said “I wouldn’t sit there if I were you because you will get struck by lightning” and you ignored it because he was a bum yet you got struck, was the source correct or wrong? Pro-whites can’t think for themselves and only do what the liberal so-called white tells them so it is obvious what YOU deem credible.
 
Pro-whites will claim PBS is “right-wing” but said the same things :eek2:


U.S. employers added a sluggish 210,000 jobs in November
Economy Dec 3, 2021 9:17 AM EST
WASHINGTON (AP) — America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the fewest in nearly a year.

Friday’s report from the Labor Department also showed that the unemployment rate fell sharply to 4.2% from 4.6%. That is a historically low level though still above the pre-pandemic jobless rate of 3.5%.
Overall, the November jobs figures point to an economic recovery that looks resilient though under threat from a spike in inflation, shortages of workers and supplies and the potential impact of the omicron variant of the coronavirus.

Little is definitively known about the variant, and widespread business shutdowns are considered unlikely. Still, omicron could discourage some Americans from traveling, shopping and eating out in the coming months and potentially slow the economy.
For now, though, Americans are spending freely, and the economy is forecast to expand at a 7% annual rate in the final three months of the year, a big rebound from the 2.1% pace in the previous quarter, when the delta variant hobbled growth.

Beneath the headline figures on hiring and unemployment, though, lurks a potentially even more consequential question: Are more people who lost jobs to the pandemic recession finally coming off the sidelines to look for work again? Many more job-seekers are needed to help companies fill their open jobs and sustain the economy’s growth.
It’s also a critical question for the Federal Reserve. If the proportion of people who either have a job or are looking for one doesn’t rise much, it would suggest that the Fed is nearing its goal of maximum employment.

With inflation at a three-decade high and far above the Fed’s 2% annual target, reaching its employment mandate would heighten pressure on Chair Jerome Powell to raise interest rates sooner rather than later. Doing so would make loans more expensive for many individuals and businesses.

Even as the jobless rate has steadily declined this year, the proportion of Americans who are working or looking for work has barely budged. A shortage of job-seekers tends to limit hiring and force companies to pay more to attract and keep employees. Higher pay can help sustain spending and growth. But it can also feed inflation if businesses raise prices to offset their higher labor costs, which they often do.

One result is that there are now 4.7 million fewer people with jobs than there were before the pandemic. Yet only about 1.7 million of them are actively looking for work and are classified as unemployed. The remaining 3 million are no longer job-hunting and so aren’t counted as unemployed. The government classifies people as unemployed only if they’re actively seeking work.

About half the 3 million who have dropped out of the workforce have retired. The other half includes parents, mostly mothers, who stayed home to care for children during closings of schools and day cares. For some of these women, child care remains unavailable or unaffordable. Some other people have become self-employed. And others continue to delay their job hunts for fear of contracting COVID-19.

Economists differ on the question of whether more people will soon resume their job hunts. Julia Pollak, a labor economist at ZipRecruiter, suggested that rising wages, a near-record level of open jobs and declining unemployment provide encouraging signals for people still on the sidelines.

Other economists are less sure. Many of them had expected more women to return to the job market as schools reopened. That didn’t happen, suggesting that some mothers might have decided to stay home permanently.
And before COVID, many older Americans came out of retirement to take jobs, often for social reasons or to keep busy. But with the coronavirus posing a particular threat to elderly people, far fewer retirees are returning to the workforce. With the emergence of the omicron variant, that hesitance could persist.
Most gauges of the U.S. economy in November have been positive. Consumer spending surged, outpacing even inflation. Home sales rose in October at the fastest pace in January. A survey of purchasing managers at factories found that new orders and production accelerated. There were even signs that supply chain snarls loosened a bit for some manufacturers.
 
OP is a sad cracKKKa because
his disgraced, one-term daddy
lost the election. He rides in and
tries to start shit but he ALWAYS
seems to end up looking like the
pathetic fool that he is.

Foh CAC.

putin-ride.gif
 
The source doesn’t matter if you have the ability to discern fact and fiction. Most people (such as yourself) do not so you only follow what you were told.

If you were sitting on a park bench and a homeless man walked by and said “I wouldn’t sit there if I were you because you will get struck by lightning” and you ignored it because he was a bum yet you got struck, was the source correct or wrong? Pro-whites can’t think for themselves and only do what the liberal so-called white tells them so it is obvious what YOU deem credible.

The source ALWAYS matters because of how the info is given and what is and isn't included in the info.

Also the source gives insight into the person posting it. The fact that ALL your sources tend to be conservative sites while you are on here spouting white replacement theory (globalist are forcing race mixing) give a very good description of what you are.
 
Policy failure? There are no workers. People do want to risk their lives in jobs where
they might die because your kind insists on lining up beside them with your Covid-
spreading, unvaccinated asses;

Tell us how happy you would be to repeatedly share the huddle with Aaron Rodges'
immunised ass
This guy. This guy gets it. People saw corporations get bailouts and otherwise survive the lockdown and want them to return to shitty wages. The Uber driver can use his car to make money for himself rather than drive your delivery van and make YOU rich. It’s a gig economy now. Fuck yo pizza when I can’t even get a tip or might get robbed. No way kids are standing at a cash register for 8 hours for $12 when they meals they rings up for one are more than that. Imagine ringing up 10k in sales and you made $90 that day, before taxes.
 
Also wait for the revised numbers. There are always miscalculations and the numbers will go up. Dems are actually doing a good job.
 
Pro-whites will claim PBS is “right-wing” but said the same things :eek2:


U.S. employers added a sluggish 210,000 jobs in November
Economy Dec 3, 2021 9:17 AM EST
WASHINGTON (AP) — America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the fewest in nearly a year.

Friday’s report from the Labor Department also showed that the unemployment rate fell sharply to 4.2% from 4.6%. That is a historically low level though still above the pre-pandemic jobless rate of 3.5%.
Overall, the November jobs figures point to an economic recovery that looks resilient though under threat from a spike in inflation, shortages of workers and supplies and the potential impact of the omicron variant of the coronavirus.

Little is definitively known about the variant, and widespread business shutdowns are considered unlikely. Still, omicron could discourage some Americans from traveling, shopping and eating out in the coming months and potentially slow the economy.
For now, though, Americans are spending freely, and the economy is forecast to expand at a 7% annual rate in the final three months of the year, a big rebound from the 2.1% pace in the previous quarter, when the delta variant hobbled growth.

Beneath the headline figures on hiring and unemployment, though, lurks a potentially even more consequential question: Are more people who lost jobs to the pandemic recession finally coming off the sidelines to look for work again? Many more job-seekers are needed to help companies fill their open jobs and sustain the economy’s growth.
It’s also a critical question for the Federal Reserve. If the proportion of people who either have a job or are looking for one doesn’t rise much, it would suggest that the Fed is nearing its goal of maximum employment.

With inflation at a three-decade high and far above the Fed’s 2% annual target, reaching its employment mandate would heighten pressure on Chair Jerome Powell to raise interest rates sooner rather than later. Doing so would make loans more expensive for many individuals and businesses.

Even as the jobless rate has steadily declined this year, the proportion of Americans who are working or looking for work has barely budged. A shortage of job-seekers tends to limit hiring and force companies to pay more to attract and keep employees. Higher pay can help sustain spending and growth. But it can also feed inflation if businesses raise prices to offset their higher labor costs, which they often do.

One result is that there are now 4.7 million fewer people with jobs than there were before the pandemic. Yet only about 1.7 million of them are actively looking for work and are classified as unemployed. The remaining 3 million are no longer job-hunting and so aren’t counted as unemployed. The government classifies people as unemployed only if they’re actively seeking work.

About half the 3 million who have dropped out of the workforce have retired. The other half includes parents, mostly mothers, who stayed home to care for children during closings of schools and day cares. For some of these women, child care remains unavailable or unaffordable. Some other people have become self-employed. And others continue to delay their job hunts for fear of contracting COVID-19.

Economists differ on the question of whether more people will soon resume their job hunts. Julia Pollak, a labor economist at ZipRecruiter, suggested that rising wages, a near-record level of open jobs and declining unemployment provide encouraging signals for people still on the sidelines.

Other economists are less sure. Many of them had expected more women to return to the job market as schools reopened. That didn’t happen, suggesting that some mothers might have decided to stay home permanently.
And before COVID, many older Americans came out of retirement to take jobs, often for social reasons or to keep busy. But with the coronavirus posing a particular threat to elderly people, far fewer retirees are returning to the workforce. With the emergence of the omicron variant, that hesitance could persist.
Most gauges of the U.S. economy in November have been positive. Consumer spending surged, outpacing even inflation. Home sales rose in October at the fastest pace in January. A survey of purchasing managers at factories found that new orders and production accelerated. There were even signs that supply chain snarls loosened a bit for some manufacturers.
Yo, you supposed to be discussing this in the wealth transfer thread not throwing fishing lines out here. :lol: You going to be out here going back and forth with cats who don't know how the house of cards operates. Cats don't even know wtf they cheering for. I guess you just having fun since the market shit the bed because of this bullshit. How convenient, huh?

Hey, your first article said inflation is at 6.2 percent. :roflmao2: I'm dead.
 
Wait. Are you serious? I'm hoping you're just fucking around.
Could be something real simple, but yeah I'm kinda serious. So, what do employment statistics have to do with wealth transfers? Collecting money from one demographic and providing it to another for less than the value of services rendered. :confused:
 
Could be something real simple, but yeah I'm kinda serious. So, what do employment statistics have to do with wealth transfers? Collecting money from one demographic and providing it to another for less than the value of services rendered. :confused:
All this shit ties to the market where the real money is made. You see what happened today off the report, right? How your portfolio looked? :eek: I think Xfactor gets a kick out of trolling off this shit because he knows cats who don't know shit will take the bait. People retired the last year off this shit man. The reports. The fed saying this or that. The pump fakes. It all ties together.

If you don't know, I suggest you learn.
 
All this shit ties to the market where the real money is made. You see what happened today off the report, right? How your portfolio looked? :eek: I think Xfactor gets a kick out of trolling off this shit because he knows cats who don't know shit will take the bait. People retired the last year off this shit man. The reports. The fed saying this or that. The pump fakes. It all ties together.

If you don't know, I suggest you learn.
Yeah, I saw the way that news (lies or not) moved the stock market. You're right, lots of folks got got today. And by that, I mean they took a paper loss, i.e., a balance sheet hit. But it’s only a real loss if they sold. My guess is the ones that actually got hurt bad are the arbitragers that had to close their positions. That sucks for them. But back to the subject at hand, wealth transfers mean something a bit different to me.
 
Yeah, I saw the way that news (lies or not) moved the stock market. You're right, lots of folks got got today. And by that, I mean they took a paper loss, i.e., a balance sheet hit. But it’s only a real loss if they sold. My guess is the ones that actually got hurt bad are the arbitragers that had to close their positions. That sucks for them. But back to the subject at hand, wealth transfers mean something a bit different to me.

As I said....you see dudes in here trying to sound smart. Like you said unless you sold you didn't lose anything.
 
As I said....you see dudes in here trying to sound smart. Like you said unless you sold you didn't lose anything.
Most people buy and hold for extended periods. If they balance their portfolio from the start and occasionally rebalance them, it usually works out well long term. Then there are the folks play the markets like they’re at a casino. No doubt some manage to get fat payouts, but most get got doing that. I don't feel sorry for them, same as I wouldn't feel sorry for a professional poker player that lost a big hand. It’s part of the game. The house stacks the deck and the stock markets are same.
 
:lol: :lol: :lol: OP has no cosigns in this thread. His peeps is letting him down.
:confused: I did not post this thread to get co-signed or props. I posted to share information.

It is obvious that the majority of posters have no idea what this news means because the majority of posters on BGOL have no idea about economics or monetary policy.

Hope you are stocked up for the recession :yes:
 
Yo, you supposed to be discussing this in the wealth transfer thread not throwing fishing lines out here. :lol: You going to be out here going back and forth with cats who don't know how the house of cards operates. Cats don't even know wtf they cheering for. I guess you just having fun since the market shit the bed because of this bullshit. How convenient, huh?

Hey, your first article said inflation is at 6.2 percent. :roflmao2: I'm dead.
I’ve been explaining to people that significance of that. For example, If your job is giving you a 3% raise each year and inflation is at 6%, you are actually taking a 3% pay cut. The average person does not understand that.

It is obvious the case in this thread based on the responses because they think this was an attack thread on the BLUE team. Even the so-called rebuttals are from DNC political shills that don’t understand economic policy or are part of the theft.

I think the shills are also upset because they can’t claim “I don’t know shit” because I have posts on BGOL predicting all of this well in advance, talking about this for years but I’ll let them have it. Hopefully they can get their kids something for Christmas this year:xmasbell:
 
I’ve been explaining to people that significance of that. For example, If your job is giving you a 3% raise each year and inflation is at 6%, you are actually taking a 3% pay cut. The average person does not understand that.

It is obvious the case in this thread based on the responses because they think this was an attack thread on the BLUE team. Even the so-called rebuttals are from DNC political shills that don’t understand economic policy or are part of the theft.

I think the shills are also upset because they can’t claim “I don’t know shit” because I have posts on BGOL predicting all of this well in advance, talking about this for years but I’ll let them have it. Hopefully they can get their kids something for Christmas this year:xmasbell:
They'll claim it anyway. A cat talking paper losses in an overleveraged market is capable of saying anything. Jesus christ. The dumb shit I hear on the board when folks think their beloved party is under attack is crazy.

What assets only up 6% though? These brainless shills will eat that 6% shit up. They will eat it up if they say inflation is down next year. Can't explain asset inflation to these clowns. They will eat up nominal wage increases that don't match real inflation.

Talking economy and finance to shills is like going in the basement and talking to the spiders. They'll literally parrot any talking points the media gives them. They literally have no fucking clue what really is going on.
 
Man, people lose their jobs for calculations that far off because most will underestimate the forecast aka sandbag.

some of you don’t realize the government has some of the best economists in the nation so if they whiffed on a projection that bad, it tells me the economic policy is shit or they are crafting a narrative of permanently eliminating workers to bring in more automation.
 
They'll claim it anyway. A cat talking paper losses in an overleveraged market is capable of saying anything. Jesus christ. The dumb shit I hear on the board when folks think their beloved party is under attack is crazy.

What assets only up 6% though? These brainless shills will eat that 6% shit up. They will eat it up if they say inflation is down next year. Can't explain asset inflation to these clowns. They will eat up nominal wage increases that don't match real inflation.

Talking economy and finance to shills is like going in the basement and talking to the spiders. They'll literally parrot any talking points the media gives them. They literally have no fucking clue what really is going on.
Yep, I can’t recall seeing so many emotional posters on any forum I visit, even the sports stan forums. They will argue over pertinent information, having no clue what the hell they are talking about, and use news propaganda talking points as their source material. Not one breakdown of this news or any rebuttal.

the frauds always expose themselves because they are parroting news talking points when that is all narrative and misdirection. If a person doesn’t mention 4 specific words or terms in any economic discussion, I already know it is a waste because it is impossible to . It would be like trying to debate about the NFL and the word “football” was not mentioned once the entire time :smh:
 
But the calculations are being made by the same people who have always made
them, and they using the same methods they have always used. It therefore stands
to reason that you cannot pick and choose which results you want to praise or criticise
Exactly my point, which proves the current economic policy is shit. I’m not picking and choosing, just reporting the facts.

Contrary to the belief of the BLUE hat MAGAs, this is not a BLUE or RED issue (this is way above their pay grade) and if you think that it is, you already are confused like the rest of the pro-whites.
 
Yep, I can’t recall seeing so many emotional posters on any forum I visit, even the sports stan forums. They will argue over pertinent information, having no clue what the hell they are talking about, and use news propaganda talking points as their source material. Not one breakdown of this news or any rebuttal.

the frauds always expose themselves because they are parroting news talking points when that is all narrative and misdirection. If a person doesn’t mention 4 specific words or terms in any economic discussion, I already know it is a waste because it is impossible to . It would be like trying to debate about the NFL and the word “football” was not mentioned once the entire time :smh:
Exactly my point, which proves the current economic policy is shit. I’m not picking and choosing, just reporting the facts.

Contrary to the belief of the BLUE hat MAGAs, this is not a BLUE or RED issue (this is way above their pay grade) and if you think that it is, you already are confused like the rest of the pro-whites.
What have people who do this been saying? That this shit is so fucked. Blue. Red. Independent. Don't care who they put in charge shit is bad because the money system is unsustainable. What have cats been trying to figure out all year? How to play the markets, when to get into cash, when to get out of cash, etc. We been watching the FED, regulatory bodies(that do fuck shit no matter which puppet is in office), and data.

What did I just say about pay increasing in nominal value(actually been saying it for a looooooong time)? And you just got an argument back saying salaries are increasing. Can't make that shit up. So tell me man, did salaries jump 30 percent in the last year? Houses in the hood now going for 100k in NE Ohio. Fucking Ohio man. But hey man, nothing to see here. The economy is recovering, right? Get to work bitches so we can pay you in this worthless shit we are debasing while all the real shit is becoming more unaffordable to you.

Slick bastards been counting on the people who all got kicked off unemployment in September to fatten the numbers up so they can say :D "muh economy!!" Shill are in the wind with their pompoms.
 
That just about does it. All predicted accurately in advance. Hopefully the shills didn’t lose everything putting their faith into the BLUE hat MAGAs
 
That just about does it. All predicted accurately in advance. Hopefully the shills didn’t lose everything putting their faith into the BLUE hat MAGAs

Man these political whores are fuckin disgusting..

NOW since BASEBALL Season is STARTING and most of all VOTING SEASON is upon us,

these fuckin democratic whores in new york want to life the vaccine mandates for private business and sports,

so the yankees and mets wont have to go through what Kryie Irving went through..

but most of all so the fuckin democrats could try to get votes,

they literally made the unlawful vaccine lift date for private business...

NOV 1st bruh... could they be anymore fuckin desperate..

I hope they get slaughtered at the polls this Nov... just for being

such big whores to big pharma.. !!!

its all a dog and pony show, but they way they sold out can never be forgiven bruh!!
 
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