U.S. Added 254,000 Jobs in September Exceeding Expectations

There will be one more monthly jobs report before Federal Reserve policymakers meet in early November. But that data, for October, is likely to be skewed by the hurricane disaster and strike. So the Fed may put greater emphasis on the September report. The Fed chair, Jerome H. Powell, has said he and the policymaking committee "do not seek or welcome further cooling in labor market conditions."

The number is even more impressive given that previous months were revised up, adding 72,000 jobs to July and August. July had previously been revised down - these numbers are moving around a lot.

Job growth was pretty broad-based. Manufacturing was the only major sector to lose jobs. Health care employment boomed, as did leisure and hospitality. The construction and retail sectors also added a significant number of jobs.

www.nytimes.com

Fair winds filling the sails, proving the enduring resilience of our economy, even after all the naysayers are proven wrong again and again as they've predicted downturns and rising employment ever since the end of the pandemic.

Diamond Joe just walked into the White House briefing room unexpected, and touted today's economic news and the overall strength of the US economy, along with thanking both the ILS union and the port owners for reaching their agreement and suspending the strike.

He took a number of questions, one of them being his response to Marco Rubio claiming today's employment/unemployment numbers are "fake". He refused to take the bait, verbalizing that he would like to say more but wasn't going to.

Funny, Trump has built his entire campaign around the notion that "he alone can fix" America's problems. Seems that Sleepy Joe is indeed Dark Brandon as he and his envoys were the ones who brought the union and port owners together reminding them of how important their roles are in both the economy and the hurricane relief efforts, leading to the agreement.

Not too bad for someone that Republicans insist isn't really running the country. He's doing a damn sight better than Donald Trump was this time 4 years ago, isn't he?

Total nonfarm payroll employment increased by 254,000 in September, higher than the average
monthly gain of 203,000 over the prior 12 months. In September, employment continued to trend
up in food services and drinking places, health care, government, social assistance, and
construction. (See table B-1.)

Employment in food services and drinking places rose by 69,000 in September, well above the
average monthly gain of 14,000 over the prior 12 months.

Health care added 45,000 jobs in September, below the average monthly gain of 57,000 over the
prior 12 months. Over the month, employment rose in home health care services (+13,000),
hospitals (+12,000), and nursing and residential care facilities (+9,000).

Employment in government continued its upward trend in September (+31,000). Government had an
average monthly gain of 45,000 jobs over the prior 12 months. Over the month, employment
continued to trend up in local government (+16,000) and state government (+13,000).

Employment in social assistance increased by 27,000 in September, primarily in individual and
family services (+21,000). Over the prior 12 months, social assistance had added an average of
21,000 jobs per month.

Construction employment continued to trend up in September (+25,000), similar to the average
monthly gain over the prior 12 months (+19,000). Over the month, nonresidential specialty
trade contractors added 17,000 jobs.

Employment showed little change over the month in other major industries, including mining,
quarrying, and oil and gas extraction; manufacturing; wholesale trade; retail trade;
transportation and warehousing; information; financial activities; professional and business
services; and other services.

www.bls.gov

#9 is a complete LIE. Look at the numbers released by the BLS above and they're nothing like what this new gaslighter claims.

Do the math yourself: Food services - 69,000; Healthcare - 45,000; GOVERNMENT - 31,000 (14,000 BELOW the 12-month average); Social assistance - 27,000; Construction - 25,000 = 172,000 with the other sectors accounting for the balance - noted in the last paragraph.

Why do you people have to lie incessantly when the truth is readily available?

#7

The change in total nonfarm payroll employment for July was revised up by 55,000, from +89,000
to +144,000, and the change for August was revised up by 17,000, from +142,000 to +159,000.
With these revisions, employment in July and August combined is 72,000 higher than previously
reported. (Monthly revisions result from additional reports received from businesses and
government agencies since the last published estimates and from the recalculation of seasonal
factors.)

www.bls.gov

Yeah, let's wait for the revisions .... oops!

If they are being sincere, what they are referring to is their personal economy being in the toilet, not the US economy.

It's actually just the opposite. I heard pollsters talking about this topic yesterday. To a person, they all say the same thing: When they ask people all over the country how they think the economy is, people tell them that personally they're doing fine, but "they're heard" the economy is bad elsewhere for other Americans.

And where are they hearing this? All over conservative/Trumpist media who even on days when great economic news comes out still finds a way to prognosticate that doom is lurking around the corner because of Joe Biden and Kamala Harris. Trump has been doing this ever since he came down his golden escalator. When there's good economic news, it's because the markets are factoring in Trump's re-election and when there's bad news, it's due to the Democrats and the markets recoiling from them for some unstated reason.

There are essentially two realities these days. One for normal people seeing life as it exists and happens, and the second, for people unable to view life without partisan politics being inherent in everything, always with a zero-sum mentality as though it's impossible for everyone to benefit or be happy at the same time due to the same events.

that's good

I'll wait for the correction that's coming and that's always less.

#19 | Posted by shrimptacodan at 2024-10-05 10:47 AM

Moron say what? Moron can't read:

The change in total nonfarm payroll employment for July was revised up by 55,000, from +89,000 to +144,000, and the change for August was revised up by 17,000, from +142,000 to +159,000.

With these revisions, employment in July and August combined is 72,000 higher than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)

www.bls.gov

Yeah, let's wait for those revisions .... oops!

#13 | Posted by tonyroma at 2024-10-04 04:21 PM |

--but it's coming so I expect nothing less than any mention of downsized numbers to be another "phantom" thread.

Moron say what, again?

The U.S. added about 16 million jobs during Biden's first 43 months in office, compared to a 2.7 million contraction during Trump's presidency, according to total nonfarm payrolls, the most-cited measure of total employment which encompasses most American workers.

Similarly the unemployment rate rose 1.7 percentage points from 4.7% to 6.4% under Trump, declining 2.2 percentage points under Biden to the latest reading of 4.2%.

Wage growth has been slightly higher under Biden, with average hourly earnings growing by 17% under Biden thus far compared to 15% during Trump's presidency.

Dow Jones close Oct. 2, 2020 (Friday): 27,825.42 Dow Jones close Oct. 4, 2023 (Friday): 42,352.75

www.forbes.com

How many jobs are inbetween +16 million and -2.7 million?

Revise THAT.