The U.S. Bureau of Labor and Statistics (BLS) has released the August jobs report [DATA HERE]. The pundits and analysts are stunned as the results of +162,ooo jobs added is three times their expectations.
The prior months also had strong upward revisions as June was revised up by 11,000, from +20,000 to +31,000, and the change for July was revised up by 44,000, from -23,000 to +21,000. With these revisions, employment in June and July combined is 55,000 higher than previously reported.
PRESIDENT TRUMP – Great jobs number just announced, breaking all estimates (except mine!) by double and triple – And you haven’t seen anything yet! EMPLOYERS ADDED 162,000 JOB IN AUGUST. Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago! A STRONG COUNTRY MEANS A LOWER INTEREST RATE – IT’S A BETTER CREDIT…Very simple! We should have the LOWEST RATE of any country in the World, like “the old days.”
Without the United States agreeing to allow them their big surpluses, and we could stop that immediately, they would no longer be considered financially ELITE! LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged “the President” has an absolute right to do. IT’S BETTER THAN TARIFFS! The Fed Board, with its great new leader, must get smart – BE PATRIOTS for a change. High interest rates put the U.S.A. at a very unfair disadvantage, and I won’t allow that to happen! President DONALD J. TRUMP
Manufacturing jobs gained 16,000, while information systems (AI impact?) saw drops in computing infrastructure providers, data processing, web hosting, and related services (-8,000), in publishing industries (-7,000), and in broadcasting and content providers (-5,000).
It’s terrible how this messes with the media narrative.
The media pundits, analysts and financial “experts” are almost as baffled as a doctor dealing with a “vaccine” death.
Wait until it gets upgraded as more #s come in.
I thought it would take much longer to un-F the economy than it would to F it up.
Indeed.
Economic security is National security!!!
Thank you Sundance.
🦅💥✝️🇺🇸
Thank God for President Trump.
Make America Strong Again.
“The pundits and analysts are stunned as the results of +162,ooo jobs added is three times their expectations.”
Perhaps they should lern to code…
/sarc
heh, not with that -23 in IT
Meanwhile we have another Fed Prez who is keeping Rates high, why? and the stock market is down today why?
Everybody is fighting PDJT.
FED Prez only has 1 vote.
FED has lots of members on it appointed but Biden.
Trump hating Powell still on tne FED.
By a clue….
Dumb market participants think strong job growth will lead to raised interest rates.
the conventional wisdom is that it will do exactly that, combined with inflation.
like with the election predictions, i think there are just too many new variables and unprecedented events in this new world to be able to predict using the traditional models.
Why you ask?
Remember the analogy of two separate economic tracks that was explained here?
President Trump issued an ultimatum/declaration of war against the Fed in that statement.
The Golden Age is upon us!
Satellite photo of White House in DC:
Notice the Treasury building proximity. Siting was not an accident or coincidence.
White House was sited, built there first. Which building’s occupants are there to keep an eye on the other at the center of power in a nation manifestly destined to become a great power?
From the start, the bankers believe themselves to be the power. Not the people’s chosen leaders.
“the August jobs report”
I received a text message from 45470 at 11:35 AM today announcing the great news contained therein.
Lots of useless Federal employees got their pink slips (which they proudly wear on their heads.)
Every laid off Fed worker who did nothing useful, becomes a Democrat voter (although most already were.)
Good news is always bad news on Wall Street huh?
Wall Street trades on volatility. With reporting on matters tangential to the economy, the more emotional it is, good or bad, the more some act on the feelz over a logical position based on actual performance.
One can always count on markets being irrational for one reason or another.
When I think of Wall Street, I always remember the lessons learned in my youth playing Musical Chairs & Steal the Bacon!
“The pundits and analysts are stunned as the results of +162,ooo jobs added is three times their expectations.”
Pundits, analysts and experts are nothing more than low IQ political apparatchiks.
and whats funny is that they never get fired for being so wrong so often.
And Canada lost 42,000 jobs in August!! Funny the story was listed far down the front page of the CBC.CA website. Prior months also downgraded. What could possibly be causing this disconnect??
Success is no mistake!