The Bureau of Labor Statistics (BLS) highlights the August jobs report today and both measures (Household Survey and Establishment survey) show a remarkable recovery underway from the COVID-19 crisis. Overall, 1.4 million jobs were recovered and the national unemployment rate drops to 8.4%.
Most economists did not predict the unemployment rate would drop into single digits until next year. However, the historically accurate household survey shows 3.8 million people recalled, returned or found jobs; with 2.8 million saying they were no longer unemployed.
.
Despite the ongoing challenges there is good news for the most heavily impacted sectors of the economy: leisure and hospitality. Well over half of those jobs lost have been recovered. In the past four months 3.6 million jobs have been gained in this sector. Employment in food services and drinking places is still down by down by 2.5 million since the peak in February but the gain is significant and reflects a “V-shaped” recovery ongoing.
All sectors of the economy are gaining jobs back at a remarkable rate; and the key demographics are benefiting in proportion to the initial COVID-19 impact. [BLS Report HERE] With the expiration of the “extra” federal unemployment benefits at the end of July, the negative incentive has been removed; more people are stepping back into the workforce.
“This was a strong report that shows the recovery remains on track,” said Joel Naroff of Naroff Economic Advisors. “The labor market has come back faster than expected and we are seeing improvement in all segments of the economy and the workforce.” (MSM Link)
THANK YOU! #MAGA pic.twitter.com/1vMZMmm6KZ
— Donald J. Trump (@realDonaldTrump) September 4, 2020
Jobs Report Highlights
(stop me if you already heard in media)Net Jobs in August (Household Survey)
Black 367,000
Asian 187,000
Hispanic 1,001,000We are in this together.
— Charles V Payne (@cvpayne) September 4, 2020
For Friday September 4, 2020
National Likely Voter (LV) Job Approval of @POTUS – 52%
GOP LV App – 81%
Dem LV App – 25%
Ind LV App – 52%
Men LV App – 51%
Women LV App – 52%
White LV App – 51%
Black Total LV App – 45% !
Other Non-White Total LV App – 57% ! https://t.co/0AUkoKKQg7 pic.twitter.com/kCNgC51ngy
— Rasmussen Reports (@Rasmussen_Poll) September 4, 2020
Sundance & Conservative Treehouse getting noticed because of the TRUTH…
And hopefully, every mention makes a few more come to look and learn!
That’s great advertising for CTH right there!
This is an echo chamber I can get behind!
Ha, you know you’ve arrived what Rasmussen is quoting you on Twatter!
lol, congrats Sundance!
Congratulations! Very positive indeed!
I took a picture and posted the tweet on Facebook. Love it when CTH gets out there…
Yeah, if this keeps up, Sundance will be sitting next to Lindsey Graham on
Fox news. Should that happen, be a pal & keep the stool out from under him.
A little reminder we haven’t forgotten him.
Ol’ LG will probably have his panties in a twist if that every happened. Imagine if you will, LG opens mouth about something and Sundance is right there with the counter-point with EVIDENCE!!!! OUCH!!!
If I was President, 360 million more women would have jobs in America.
– Joe Biden
Most assigned to wipe his drool.
And change his diaper.
That number is equal to the illegal immigrant women he would allow in.
Very nice to see SD quoted on Rasmussen Reports. JA with Blacks 45% non-whites 57%
These are likely voters and incredible stats. Goes to show you we all want to work and we all love America. God bless President Trump! MAGA
Great news!????
With the job boom, comes the Hispanic vote. Trump is already leading with Hispanics in FL. I predict a strong Trump wave in the Southwest and Mountain west along with Trump sweeping the Midwest (except Illinois). It’s all about jobs, jobs, jobs! And Trump is the jobs president!
Biden was incredibly weak among Hispanics in the primary, who preferred Bernie Sanders. I think that’s not coincidence but a real trend that will play out in November. And I think Trump knows this but is keeping it low key until the time comes. MAGA!!
45 is Winning Black Males!
OHiden’s 50 year career record is the worst Modern Day politician for minorities!
Led lynching of Justice Thomas
1994 Crime Bill
Delaware Carve Outs
Bankruptcy Reforms
The BLM/antifa violence would also be scaring those Hispanics who don’t like Communists, many of whom live in Florida.
I agree. I think that RNC speech by Maximo really resonated. “There’s no other place to go” I think Hispanic immigrants heard that loud and clear!
Wow, so much good news !
WINNING-
Also, the Atlanta Fed just uppred
its GOP growth projection
for third Quarter:
Latest estimate: 29.6 percent — September 3, 2020
An interesting way to watch the market when the Wall Street decides it is time to impact the election is open two screens side by side. On screen-1 place the “normal trading” indices and stocks/funds and on screen-2 filter for the indices and stocks/funds that operate on shorting.
It is not rocket science to see the INDUCED volatility and panic trading, which has zero basis in economic fundamentals.
Hopefully, the president’s economic wolverines can kick Bagpipe Bill under the table to have the SEC and/or FTC take some actions.
What has Joe Hiden accomplished in the past 4 years?
47 years in politics and he is now going to fix everything that is wrong.
The Chinese authorities have a video of Biden urinating the same bed used by President Trump in his last visit over there. They thought they had material to extort the Democratic Presidential candidate until they realized it was only an accident!
4 years? He has literally been in D.C. politics for 20% of the history of our United States. True fact.
What has he accomplished in the past fifty years?
This is excellent news!! They kick him every chance they get and they still can’t keep him down! God bless President Trump and God bless the USA!!??????????
Now we know why the hit piece on Trump was developed last night and spread today….someone got these numbers early and they needed another story to kill this one.
From some unnamed salon in SF, you can hear Nancy saying “$HIT $HIT $HIT!!”
But, of course, she was only in there because she thought the sign said “SALOON”.
That was her white hair privilege on display
BigDee, Nancy certainly stepped in it did she not?
Bet Nancy had a few drinks after Salongate.
This is in reference to a portion of a campaign speech plugs gave in 08 or 12 when he was listing the reasons for voting for he and Barry he said to paraphrase, “I’ll give you one three letter word J-O-B-S. Barry was later reached for comment where he stated “any “corpse” -man can tell you that.”
Could also be “mo’ B.S.”
That can also be interpreted to say,
“M.O. = BS”
…which is also quite true of Biden.
Of note….the Article about great news on jobs at the WSJ Has been up for 6 hours, but they are still not allowing any comments on it ?
Democrats won’t be talking Economy is October!
That’s where you hit Biden in the debates. Every answer, no matter the question (Democrat playbook) is about the roaring economy.
President Trump wins. Nov 4th Wray is fired. Extra unemployment checks get canned. People go back to work.
I could hear the collective groan around the world.
Now if we can just continue to rebuild our manufacturing infrastructure, the groan will get even louder.
My guess is that the second term will focus more along these lines as both PDJT and Kudlow know that we cannot have such a reliance on foreign production; it is not good for our overall economic health in the long run.
It will be done.
I recruit in manufacturing, most of my clients are focused upon infrastructure.
And to think these numbers are so great and NY and CA two of the largest cities have still not opened their states up!
I saw yesterday that Los Angeles and New York City have the highest unemployment of the ten largest cities in the US at 16.8% and 16.4%.
Bad leadership is killing the economies in both cities. Also here in California, the “freelance” economy has really been hurt by prop AB5.
Mich Penn DC NC too
Remember foreign money is flowing in like MAD!
Boom!
My local FedEx has expanded hours. Copying down, shipping up.
More NorCal traffic.
Fed Ex is supposed to do a lot of hiring for the upcoming holidays.
This is what matters.
New Trump campaign ad!
https://twitter.com/TeamTrump/status/1301973809394716672
Great news and Great Job president,
Transitioning to Greatness.
Someone who knows about business and the economy used this phrase. Someone who knows a lot more than Washington politicians or some random jackass in the media.
Oh that’s right. It was President Trump. The real estate market is cranking, demonstrating the underlying strength of these numbers.
The Democrats are the ones stopping the kids from going to school. They blame it on the virus, but it’s all a LIE! Children have wonderful immune systems that the virus won’t affect them like it does adults, especially the elderly. Even the Teacher’s Union is supporting the Democrat Party. What is happening is, the Democrat Party, including the Democrat Teachers want everything and everybody closed down so our country will be in recession. These Teachers and the Democrat Party are trying to destroy our country so President Trump would lose November 3rd. Joe Biden (Democrat) doesn’t care if our country is destroyed. He is going along with the LEFT 100%. Vote for President Donald J. Trump on November 3, 2020 and get the kids back in schools and our country back at work!
Still gotta vote folks to clock those suckers with ‘different’ outlooks.
Joe Biden again copied from President Trump by going to Kenosha, Wisconsin where a black man was killed by an officer. This black man was reaching in his car to get a knife to kill the officer, that’s why the officer shot him in the back. Naturally the Democrat FAKE NEWS is jumping to conclusion to hurt the Police Officers who are trying to keep peace in their cities. President Trump went into Kenosha, Wisconsin to see the destruction caused by the Democrat Protesters (Terrorists!) on Kenosha businesses, cars, etc. President Trump wants to help Kenosha business owners and the city with money to rebuild. Former Vice President Joe Biden just wanted to start trouble for the police and President Trump. What a Sleazebag! Don’t vote for Joe Biden, or he will destroy our country and turn it into a Socialist and Communist Country without no police and Anarchy for all people in every city, PLEASE vote for President Trump November 3rd, so he can keep our country free, safe and working.
I was listening to the Democrat FAKE NEWS asking SENILE Joe Biden questions. What a JOKE!!! Joe Biden already knew what the question was, and Biden’s staff writes down what they want Biden to answer, and Joe Biden memorizes it. This is what the Democrat Party and the Corrupt Media is doing for Joe Biden all the time. When President Donald Trump answers the reporters questions, he definitely doesn’t know what the question will be, and the Fake Reporters try to trick President Trump anyway they can, but President Trump is too smart for the press. That really pisses off the reporters, because the Left Bias Democrat Reporters are trying to hurt President Trump as much as they can. Vote for President Trump November 3, 2020 and get rid of these BIAS Left Wing Democrat Reporters. We want HONEST Reporters, not Fake News!
If anything, 1.4 million jobs being recovered understates things.
From the report:
Among the unemployed, the number of persons on temporary layoff decreased by 3.1 million in
August to 6.2 million, down considerably from the series high of 18.1 million in April.
While I believe the numbers are indicative, please remember that they were compiled by a government agency. Remember DeepState. Be prepared for massive revision in past data, which makes early November numbers look as though the sky fell.
God bless President Trump and his family and associates.
God bless Sundance and Treepers everywhere.
I can hardly wait for the country to open up again, once the dems realize their covid strategy has not worked.
The plan, which most of us saw clearly months ago, is in full force:
Articles claiming the job losses and economic downturn will be the norm from now until election. And of course, zero mention of the fact that it was entirely the fault of overzealous leftists demanding that…. their economies shut down and put people out of work.
But um… orange man bad… or something…
https://www.cnn.com/2020/09/04/economy/august-jobs-report-trump-jobs-record/index.html
Should read:
Articles claiming the job losses and economic downturn are Trumps fault will be the…
Joe Biden is doing everything he can to dirty President Trump’s name. People are saying lies about President Trump because they are so jealous of him. The Democrat Party and the Democrat Media won’t stop saying lies about President Trump, because that’s all the Democrat Party has, is LIES and more LIES and dumb people believe them. Wake Up, You Stupid People who believe lying Joe Biden and the lying Democrat Media, if Joe Biden gets in, America is DOOMED!!! The Democrats will take over permanently and that is what they want. No more Republican Presidents or no more Independent Presidents, only “Corrupt Democrat Presidents forever”. WAKE UP PEOPLE!! Your life will end, if the Democrats win November 3rd. Vote for President Trump on November 3rd and your life will be great, safe and free.
https://twitter.com/realDonaldTrump/status/1301955669130727424?s=20
AWESOME awesomeness!!! JOBS jobs jobs!!!!
This trucker has been telling you all that truck traffic has been at pre-covid levels for weeks now. I just finished a very tough week because they simply don’t have the drivers to keep up! Come Thanksgiving I will have been in this salary trouble shooter job for 7 years and I have NEVER been this busy for such a sustained period any of the previous 6 years.
So far this calendar year I have had 36 overtime days and we’re ending the 36th week of the year Saturday. There would only be 72 possible OT days in those 36 weeks and I have used my 3 weeks vacation and almost all of it this calendar year and won’t get another 3 weeks until October so I have been averaging over 1 OT day per work week.
And the thing is that I was informed last week they’re taking on new runs for NIssan and Leer!
So odds are that I will finish this year with at least one OT day for each week. BTW there are 53 weeks in this year. I’m on track to make about $12,000 more this year than I ever have driving a truck.
But shhhhh! Don’t tell the old media! They don’t want to hear or talk about it. https://www.newsbusters.org/blogs/business/joseph-vazquez/2020/09/04/big-three-morning-shows-ignore-huge-unemployment-rate-drop
It’s an 8″ concrete block falling right down towards their heads and they think they and the democrat party can somehow ignore it and it won’t hit them. They’re wrong!
BTW I plan to use my first two new vacation days on election day and the day after because I just don’t want to miss the live hilarity that will ensue when the evil suckers realize that the landslide is so huge their efforts to cheat by mail will have no chance!
As DJT said in 2016 – Jobs, jobs, jobs !!!
Still true and making it happen
“With the expiration of the “extra” federal unemployment benefits at the end of July, the negative incentive has been removed; more people are stepping back into the workforce.” Even my kid that got furloughed from his job– and was cashing these checks– said this was a dumb idea. He’s been back at work awhile now, and his employer is doing well.