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Thread: MAGAnomics: Hiring by US businesses hits a record high

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    SackMan518's Avatar
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    MAGAnomics: Hiring by US businesses hits a record high

    Hiring by US businesses hits a record high

    The total number of workers hired rose to a new high in April, according to Labor Department data released Monday. But despite this, the amount of available jobs still vastly outnumbers unemployed workers.

    Hirings increased to 5.9 million for the month, a gain of 240,000 from March, the Job Openings and Labor Turnover Survey indicated. The hiring rate rose to 3.9%, an increase of one-tenth of a percentage point. The total hirings was the most recorded in the data series' history going back to December 2000.

    On the openings front, the gap between vacancies and available workers continued to be huge.

    Openings for the month actually decreased slightly, falling 25,000 to 7.45 million. However, workers that the Bureau of Labor Statistics classifies as unemployed declined by 387,000 to 5.82 million, leaving the gap at 1.63 million.

    "In sum, the labor market remains strong and poised for continued solid job growth," Ward McCarthy, chief financial U.S. economist at Jefferies, said in a note. "Despite the 21.4 [million] private sector jobs that have been generated to-date this cycle, the private business sector continues to generate a very strong demand for labor that is evidenced by the very large number of job openings that business wants to fill. The biggest threat to job growth is available supply, not demand for labor."

    Separations increased by 70,000 to 5.58 million, a rate of 3.7%, which was unchanged from March.

    The JOLTS data lags other employment indicators by a month but is nonetheless watched closely by the White House and the Federal Reserve as an indicator of labor market slack. A large number of available workers compared with job openings would indicate a tight market in which wages should be rising.

    The more widely watched nonfarm payrolls report measures the amount of workers hired compared with the jobs lost.

    The quits level also rose for the month, up 21,000 to 3.48 million for a rate of 2.3%, which was unchanged on the month and up one-tenth from a year ago. The reading is considered a good gauge of worker confidence as people feel comfortable leaving their current positions for better opportunities.

    At an industry level, professional and business services hired 1.23 million new workers. Trade, transportation and utilities led openings with 1.47 million.

    Nonfarm payrolls on net increased by 224,000 for April, the month covered in the JOLTS survey, before easing to a 75,000 gain in May.


    JOLTS Report

    Sack

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    212frawk's Avatar
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    Here's another amazing by-product of the fatass economy


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    HipKat's Avatar
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    [QUOTE=SackMan518;3573800]Hiring by US businesses hits a record high
    /QUOTE]

    Wrong!

    Wrong, Stupid fucking Sack of Shit, try being current.
    Fucking moron posts shit from March, ffs.....

    https://www.cnbc.com/2019/06/07/nonf...-may-2019.html

    Job creation decelerated strongly in May, with nonfarm payrolls up by just 75,000 even as the unemployment rate remained at a 50-year low, the Labor Department reported Friday.

    The decline was the second in four months that payrolls increased by less than 100,000 as the labor market continues to show signs of weakening. Economists surveyed by Dow Jones had been looking for a gain of 180,000.

    In addition to the weak total for May, the previous two months’ reports saw substantial downward revisions. March’s count fell from 189,000 to 153,000 and the April total was taken down to 224,000 from 263,000, for a total reduction of 75,000 jobs.

    Stock futures fell and bond yields dropped in reaction to the report. Dow Jones Industrial Average futures turned negative before reversing course and turning positive. The yield on the 10-year Treasury fell to its lowest level since September 2017.
    “There he goes. One of God's own prototypes.
    A high-powered mutant of some kind,
    never even considered for mass production.
    Too weird to live, and too rare to die.”


    HipKat, on *** other h***, is genuine, unapoli***tically nasty, and w**** his hea** on his ******. jc856
    I’ll just forward them to Bridgett. comssvet11

  4. Rock on:

    direbills (06-11-19)

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    [QUOTE=HipKat;3573815]
    Quote Originally Posted by SackMan518 View Post
    Hiring by US businesses hits a record high
    /QUOTE]

    Wrong!

    Wrong, Stupid fucking Sack of Shit, try being current.
    Fucking moron posts shit from March, ffs.....

    https://www.cnbc.com/2019/06/07/nonf...-may-2019.html

    Job creation decelerated strongly in May, with nonfarm payrolls up by just 75,000 even as the unemployment rate remained at a 50-year low, the Labor Department reported Friday.

    The decline was the second in four months that payrolls increased by less than 100,000 as the labor market continues to show signs of weakening. Economists surveyed by Dow Jones had been looking for a gain of 180,000.

    In addition to the weak total for May, the previous two months’ reports saw substantial downward revisions. March’s count fell from 189,000 to 153,000 and the April total was taken down to 224,000 from 263,000, for a total reduction of 75,000 jobs.

    Stock futures fell and bond yields dropped in reaction to the report. Dow Jones Industrial Average futures turned negative before reversing course and turning positive. The yield on the 10-year Treasury fell to its lowest level since September 2017.
    Exactly! The fucking cultists assume the position even though the economy added just 75000 jobs. Way below projections.

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    SackMan518's Avatar
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    Hey asshole, yeah, you Greggy HipKat. Thanks to Direbills I saw your dumb quote on my post. For your information the article was published Monday June 10th, 2019. That was yesterday.There was also a link to the latest JOLTS report. Now go back on your anger meds and let the adults continue...
    Sack

  7. #6
    HipKat's Avatar
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    Quote Originally Posted by SackMan518 View Post
    Hey asshole, yeah, you Greggy HipKat. Thanks to Direbills I saw your dumb quote on my post. For your information the article was published Monday June 10th, 2019. That was yesterday.There was also a link to the latest JOLTS report. Now go back on your anger meds and let the adults continue...
    I don't give a fat flying fuck if the article was written next year and brought back through a time machine that hasn't been invented yet. The fucking story is about March and April you stupid mother fucker and the fact is that those numbers were reduced well below what you posted, you fucking faggot for Trump, pussy mother fucker.
    “There he goes. One of God's own prototypes.
    A high-powered mutant of some kind,
    never even considered for mass production.
    Too weird to live, and too rare to die.”


    HipKat, on *** other h***, is genuine, unapoli***tically nasty, and w**** his hea** on his ******. jc856
    I’ll just forward them to Bridgett. comssvet11

  8. #7
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    Sack

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