http://twitchy.com/dougp/2024/09/06/here-are-some-details-about-the-august-jobs-report-the-biden-and-harris-wont-be-highlighting-n2400602
The August jobs report has been released, and this, like many others in the recent past, will probably be later revised downward ... but, the Biden White House along with the Kamala Harris campaign will likely take the "any port in a storm" approach and claim it as evidence their policies have had a positive impact on the U.S. economy.
From Leah Barkoukis at Townhall:
Fewer jobs were added to the U.S. economy in August than expected, according to data from the Bureau of Labor Statistics released Friday.
The U.S. added 142,000 nonfarm payroll jobs last month, short of the 165,000 economists predicted, and the unemployment rate fell to 4.2 percent from 4.3 percent.
There were also revisions for June and July.
Biden, Harris and the rest of the Democrats will not be highlighting this part of the August jobs report:
Greg Price (@greg_price11) ~ Two stats are everything you need to know about the August jobs report:
Jobs for native born Americans over the last year: -1.3 million.
Jobs for foreign-born workers over the last year: +2 million.
Full time jobs: -438,000
Part times jobs: +527,000
"Bidenomics," baby!
Frog Capital (@FrogNews) ~ This is probably the most telling part of the report. We lost 438k full-time jobs. 50 bps still on the table.
Charles V Payne (@cvpayne) ~ The usual suspects are saying he August jobs number was good because it rebounded from July disaster.
A) three month average 116,000 from 197,000;
B) great chance August number will be revised much lower.
Yeah, June 2024 numbers have been revised down by 88,000 and July 2024 numbers have been revised down by 25,000. Pathetic gaslighting!
The Dems and media will nevertheless do their best to spin this with the election just around the corner.
Sunny (@sunnyright) ~ So the jobs report not only fell short of what analysts expected but also there was a significant revision downward to previous months.
Meanwhile, the Harris campaign's pitch is that Kamala will fix all that's gone wrong during her nearly four years of backing Biden's economic and border policies.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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