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UpInArms

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12. U.S. adds 1.8 million jobs in July as hiring slows after fresh coronavirus outbreak

Reply to mahatmakanejeeves (Original post)

Fri Aug 7, 2020, 08:59 AM

Aug 2020

... snip ...

The number of peopled employed by government showed an 301,000 increase, but the outsize gained was partly a statistical sleight of hand.

Many school workers such as bus drivers and cafeteria workers who would normally be laid off in July were sent home after schools closed in March. The government’s normally ho-hum process of seasonal adjustments made it look like hiring rose simply because those layoffs did not take place in July as usual.

The federal government also hired more Census workers.

... snip ...

Although the official jobless rate fell again for the third month in a row, it’s quite likely the true level of unemployment is higher.

A broader measure of unemployment known as the U6 suggests the “real” rate was 16.5% in July, a bit lower from 18% in the prior month. The U6 rate includes workers who can only find part-time jobs and those who’ve become too discouraged to look for jobs because so few are available.

More at:

https://www.marketwatch.com/story/us-adds-18-million-jobs-in-july-as-hiring-slows-after-fresh-coronavirus-outbreak-2020-08-07?mod=home-page

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Nonfarm payroll employment rises by 1.8 million in July; unemployment rate falls to 10.2% [View all] mahatmakanejeeves Aug 2020 OP

LINKS TO SOME BLS DATA SERIES NUMBERS AND GRAPHS progree Aug 2020 #1

As your economic gloom and doom Dawg... maddogesq Aug 2020 #26

Yup, I agree. Today's report is yet another in a series of "horrible but not as horrible as progree Aug 2020 #28

Beat me by a few seconds! BumRushDaShow Aug 2020 #2

Oh, sorry. I was waiting for you, but I didn't see you. Next month.... mahatmakanejeeves Aug 2020 #4

That's 'cause I was trying to see if WaPo had any more than those initial 2 paragraphs BumRushDaShow Aug 2020 #6

Nope. I don't get it ahead of time. I don't see it until 8:30 a.m. NT mahatmakanejeeves Aug 2020 #8

Right but you still had to copy all that for the post! BumRushDaShow Aug 2020 #14

I wish that the BLS would go back to the old way of doing things. mahatmakanejeeves Aug 2020 #18

16.3 million unemployed but 32.1 million continuing claims for unemployment benefits progree Aug 2020 #13

"Will be interesting if the fucking worthless media ever tackles this one." BumRushDaShow Aug 2020 #16

The thing is, the BLS 16.3 million is just a household survey where they ask a question about how progree Aug 2020 #19

From what I gather BumRushDaShow Aug 2020 #22

I'd be relieved to see the DOL tackle this one. mahatmakanejeeves Aug 2020 #21

Links to earlier reports: mahatmakanejeeves Aug 2020 #3

Good news. So much for disincentive to work huh? underpants Aug 2020 #5

Not really. 10% UE is really bad. Yavin4 Aug 2020 #20

Yeah I know. underpants Aug 2020 #23

I'm assuming this throws water on the $600 durablend Aug 2020 #7

Actually no ..... Iliyah Aug 2020 #11

Wait until conditions of accepting government PPP loans have expired... Freethinker65 Aug 2020 #9

Saving the banks and elites by printing money and buying financial assets bucolic_frolic Aug 2020 #10

U.S. adds 1.8 million jobs in July as hiring slows after fresh coronavirus outbreak UpInArms Aug 2020 #12

The U-6 rate only includes those who have looked for work in the past 12 months progree Aug 2020 #15

Forgive me... SergeStorms Aug 2020 #17

One surprising thing is they compare a lot of their stats to the February levels progree Aug 2020 #24

There's no need to search. See the third reply. mahatmakanejeeves Aug 2020 #25

Thanks! Oh, I know, I was searching on "February" in your OP to find all the times they reference progree Aug 2020 #27