US employers added a solid 206,000 jobs in June in a sign of continued economic strength

[cigaretteman]

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand continually high interest rates.

Last month’s job growth did mark a pullback from 218,000 in May. But it was still a strong gain, reflecting the resilience of America’s consumer-driven economy, which is slowing but still growing steadily.

Friday’s report from the Labor Department also showed that the unemployment rate ticked up from 4% to a still-low 4.1%. And the department sharply revised down its estimate of job growth for April and May by a combined 111,000.

The state of the economy is weighing heavily on voters’ minds as the presidential campaign intensifies. Despite consistent hiring, relatively few layoffs and gradually cooling inflation, many Americans have been exasperated by still-high prices and assign blame to President Joe Biden.

US employers added a solid 206,000 jobs in June in a sign of continued economic strength

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs.

www.chicagotribune.com

 

[DogBoyRy]

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand continually high interest rates.

Last month’s job growth did mark a pullback from 218,000 in May. But it was still a strong gain, reflecting the resilience of America’s consumer-driven economy, which is slowing but still growing steadily.

Friday’s report from the Labor Department also showed that the unemployment rate ticked up from 4% to a still-low 4.1%. And the department sharply revised down its estimate of job growth for April and May by a combined 111,000.

The state of the economy is weighing heavily on voters’ minds as the presidential campaign intensifies. Despite consistent hiring, relatively few layoffs and gradually cooling inflation, many Americans have been exasperated by still-high prices and assign blame to President Joe Biden.

US employers added a solid 206,000 jobs in June in a sign of continued economic strength

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs.

www.chicagotribune.com

Again very little manufacturing growth but large government hiring.
Fantastic huh?

 

[Huey Grey]

Not bad for a guy working out of a nursing home. The guy before him couldn't hit these numbers and supposedly he was working around the clock.

 

[ihhawk]

The household survey also showed a decrease of 28,000, in full-time workers and an increase of 50,000 in part-time workers.

 

[ihhawk]

Not bad for a guy working out of a nursing home.

Tons of part time jobs. Part time….kinda like Joe

 

[St. Louis Hawk]

Took 1 post for usual suspects to trash the report. That’s a new record.

Thanks Brandon!

 

[ihhawk]

They revised the April and May down 111k jobs

 

[HawkeyeShawn]

 

[Here_4_a_Day]

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand continually high interest rates.

Last month’s job growth did mark a pullback from 218,000 in May. But it was still a strong gain, reflecting the resilience of America’s consumer-driven economy, which is slowing but still growing steadily.

Friday’s report from the Labor Department also showed that the unemployment rate ticked up from 4% to a still-low 4.1%. And the department sharply revised down its estimate of job growth for April and May by a combined 111,000.

The state of the economy is weighing heavily on voters’ minds as the presidential campaign intensifies. Despite consistent hiring, relatively few layoffs and gradually cooling inflation, many Americans have been exasperated by still-high prices and assign blame to President Joe Biden.

US employers added a solid 206,000 jobs in June in a sign of continued economic strength

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs.

www.chicagotribune.com

United States Manufacturing Payrolls

Manufacturing Payrolls in the United States decreased by 8 thousand in June of 2024. This page provides the latest reported value for - United States Manufacturing Payrolls - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey...

tradingeconomics.com

 

[Here_4_a_Day]

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand continually high interest rates.

Last month’s job growth did mark a pullback from 218,000 in May. But it was still a strong gain, reflecting the resilience of America’s consumer-driven economy, which is slowing but still growing steadily.

Friday’s report from the Labor Department also showed that the unemployment rate ticked up from 4% to a still-low 4.1%. And the department sharply revised down its estimate of job growth for April and May by a combined 111,000.

The state of the economy is weighing heavily on voters’ minds as the presidential campaign intensifies. Despite consistent hiring, relatively few layoffs and gradually cooling inflation, many Americans have been exasperated by still-high prices and assign blame to President Joe Biden.

US employers added a solid 206,000 jobs in June in a sign of continued economic strength

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs.

www.chicagotribune.com

Yippppppppeeeeeee....look at allllllll those "new jobs!" >

United States Government Payrolls

Government Payrolls in the United States increased by 70 thousand in June of 2024. This page provides the latest reported value for - United States Government Payrolls - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey...

tradingeconomics.com

 

[Here_4_a_Day]

WTF?🤡

United States Nonfarm Payrolls - Private

Nonfarm Payrolls Private in the United States increased by 136 thousand in June of 2024. This page provides the latest reported value for - United States Nonfarm Payrolls - Private - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar...

tradingeconomics.com

 

[Jan Itor]

Not bad for a guy working out of a nursing home. The guy before him couldn't hit these numbers and supposedly he was working around the clock.

So are you back on the Biden bandwagon after your mini meltdown after the debate? Or do you still think he should be replaced?

 

[Here_4_a_Day]

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand continually high interest rates.

Last month’s job growth did mark a pullback from 218,000 in May. But it was still a strong gain, reflecting the resilience of America’s consumer-driven economy, which is slowing but still growing steadily.

Friday’s report from the Labor Department also showed that the unemployment rate ticked up from 4% to a still-low 4.1%. And the department sharply revised down its estimate of job growth for April and May by a combined 111,000.

The state of the economy is weighing heavily on voters’ minds as the presidential campaign intensifies. Despite consistent hiring, relatively few layoffs and gradually cooling inflation, many Americans have been exasperated by still-high prices and assign blame to President Joe Biden.

US employers added a solid 206,000 jobs in June in a sign of continued economic strength

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs.

www.chicagotribune.com

 

[Huey Grey]

View embedded media

They revised the April and May down 111k jobs

Even with this, Biden's numbers are still better than Trump's. And that's even before COVID.

 

[TheCainer]

Yippppppppeeeeeee....look at allllllll those "new jobs!" >

United States Government Payrolls

Government Payrolls in the United States increased by 70 thousand in June of 2024. This page provides the latest reported value for - United States Government Payrolls - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey...

tradingeconomics.com

I'm just thankful we don't have a republican in the White House. Historically, as a whole, they have been terrible job creators, especially GWB. In his 8 years in office, he actually created more public sector jobs than private sector.

Just be thankful we have Joe in office right now if you are really concerned about jobs creation, which I doubt you really are.

Term​	Private Sector Jobs Added (000s)​
Carter	9,041​
Reagan 1	5,360​
Reagan 2	9,357​
GHW Bush	1,509​
Clinton 1	10,883​
Clinton 2	10,085​
GW Bush 1	-811​
GW Bush 2	414​
Obama 1	1,937​
Obama 2	9,867​

Term​	Public Sector Jobs Added (000s)​
Carter	1,304​
Reagan 1	-24​
Reagan 2	1,438​
GHW Bush	1,127​
Clinton 1	692​
Clinton 2	1,242​
GW Bush 1	900​
GW Bush 2	844​
Obama 1	-708​
Obama 2	404​

https://www.calculatedriskblog.com/2017/02/public-and-private-sector-payroll-jobs.html

Bush On Jobs: The Worst Track Record On Record​

https://www.wsj.com/articles/BL-REB-2534

 

[IIowaFarmBoy]

Unemployment of people wanting full time but had to settle for part time...7.4 percent which is up. Subtract Govt jobs and part time....what are you smoking?

 

[IIowaFarmBoy]

I'm just thankful we don't have a republican in the White House. Historically, as a whole, they have been terrible job creators, especially GWB. In his 8 years in office, he actually created more public sector jobs than private sector.

Just be thankful we have Joe in office right now if you are really concerned about jobs creation, which I doubt you really are.

​

Term​	Private Sector Jobs Added (000s)​
Carter	9,041​
Reagan 1	5,360​
Reagan 2	9,357​
GHW Bush	1,509​
Clinton 1	10,883​
Clinton 2	10,085​
GW Bush 1	-811​
GW Bush 2	414​
Obama 1	1,937​
Obama 2	9,867​

Term​	Public Sector Jobs Added (000s)​
Carter	1,304​
Reagan 1	-24​
Reagan 2	1,438​
GHW Bush	1,127​
Clinton 1	692​
Clinton 2	1,242​
GW Bush 1	900​
GW Bush 2	844​
Obama 1	-708​
Obama 2	404​

https://www.calculatedriskblog.com/2017/02/public-and-private-sector-payroll-jobs.html

Bush On Jobs: The Worst Track Record On Record​

https://www.wsj.com/articles/BL-REB-2534

YOu have to look at timing. Carter....huge rebound following bad recession. Reagan 1 bad recession.

Bush 1.1 and 1.2 recession S and L

Clinton massive increase is business efficiency due to his vp inventing the internet.....sarcasm.

Bush 2.1 didnt cause hosing and dotcom burst. Housing was diectly on Clinton policy.

Bush 2.2...he s still an idiot. Obama came in at the bottom of the trough.

Against Trump if it was Obama Obama ticket I might vote for Obama. Not sure.

 

[IIowaFarmBoy]

Riley, I am so sorry you can't look beyond headlines and read reports. Hahahahahahahahaahahahahahahha

 

[RileyHawk]

Riley, I am so sorry you can't look beyond headlines and read reports. Hahahahahahahahaahahahahahahha

You, stating that, is the epitome of irony. Carry on with your humrous ignorance.

 

[IIowaFarmBoy]

You, stating that, is the epitome of irony. Carry on with your humrous ignorance.

Not ignorant. You can't read a full jobs report beyond propaganda. Carry on...hahahahahaha

 

[LuciousBDragon]

Took 1 post for usual suspects to trash the report. That’s a new record.

Thanks Brandon!

No, the trash was posted by OP himself. Thank Ciggy.

"And the department sharply revised down its estimate of job growth for April and May by a combined 111,000."

As discussed ad nauseam, government jobs do not grow our bottom-line. They are simply more expenditures (your expenditures).

"The 206,000 overall employment gain topped economists' 189,000 forecast, according to Econoday. Private-sector employers added just 136,000 jobs, missing forecasts for 160,000. Government jobs rose by 70,000." - https://www.investors.com/news/economy/jobs-report-june-unemployment-rate-fed-rate-cuts-sp-500/

 

[TheCainer]

No, the trash was posted by OP himself. Thank Ciggy.

"And the department sharply revised down its estimate of job growth for April and May by a combined 111,000."

As discussed ad nauseam, government jobs do not grow our bottom-line. They are simply more expenditures (your expenditures).

"The 206,000 overall employment gain topped economists' 189,000 forecast, according to Econoday. Private-sector employers added just 136,000 jobs, missing forecasts for 160,000. Government jobs rose by 70,000." - https://www.investors.com/news/economy/jobs-report-june-unemployment-rate-fed-rate-cuts-sp-500/

As discussed ad nauseam, government jobs do not grow our bottom-line. They are simply more expenditures (your expenditures).

That's not true at all. Just one example is our nation's air traffic control system. They keep the planes flying and the turnstiles turning of economic growth and tax revenues.

 

[LuciousBDragon]

As discussed ad nauseam, government jobs do not grow our bottom-line. They are simply more expenditures (your expenditures).

That's not true at all. Just one example is our nation's air traffic control system. They keep the planes flying and the turnstiles turning of economic growth and tax revenues.

ATC is an expense. If you are an accountant, which side of the ledger would you account for their salary + benefits?

I get your point that they help enable the private sector to SAFELY generate revenue. AI might also start to play a role and automate some ATC functions.

But if you are going to make this argument, are you willing to go so far to say that the majority of government jobs enable revenue growth?

 

[TheCainer]

ATC is an expense. If you are an accountant, which side of the ledger would you account for their salary + benefits?

I get your point that they help enable the private sector to SAFELY generate revenue. AI might also start to play a role and automate some ATC functions.

But if you are going to make this argument, are you willing to go so far to say that the majority of government jobs enable revenue growth?

But if you are going to make this argument, are you willing to go so far to say that the majority of government jobs enable revenue growth?

Let's do this. Let's shut down the government for a few weeks and see where we are, shall we?

Government cannot be run like a business like so many would like it to be. It's not out to make a profit. If it was, we would immediately cut off all of the old people, the invalid, all of the suckers and losers in our VA hospitals, and on, and on, and on. Once hurricanes start tearing up the Gulf Coast again in the coming weeks we will just let the chips fall where they must, at each person's feet who chose to live in the path of destruction and has been destroyed by a random act of nature. Sucks for them, right? Do we want a military? We had better start selling subscriptions to the citizenry who want to subscribe to its services.*

Government's responsibility is to protect its citizens, equally, not to make money. But, they do aid in economic growth for others by providing services that aid in this ability, e.g. the ATC system again. Airlines and General Aviation do pay for some of these services in landing fees and ATC services but it must not be too costly for them, otherwise, they wouldn't stay in business. The Government basically provides the nation's infrastructures which help economic growth which we all rely on daily. This economic growth is what builds our tax base which helps to fund the government.

If it wasn't for the government, we would probably see the billionaires filling in the void, but their interests would not be in providing services for everyone, but for those who could afford to pay them. Billionaires could also build their own private militias to look out for their interests, but would they look out for the rest of us?

It's time people realized that government is not a business.

I think this guy summarizes things up pretty well.

* Why Government Should Not Be Run Like A Business​

https://www.forbes.com/sites/johntharvey/2012/10/05/government-vs-business/

 

[Tom Paris]

Again very little manufacturing growth but large government hiring.
Fantastic huh?

You’re so full of shit. Can’t even be happy about Americans having jobs.

 

[Tom Paris]

Tons of part time jobs. Part time….kinda like Joe

Because your guy worked sooooooo hard…daily, on a golf course.

 

[MitchLL]

The household survey also showed a decrease of 28,000, in full-time workers and an increase of 50,000 in part-time workers.

I suspect most of them are now wealthy enough to not work, but got bored and took part time employment just for something to do.

You just know the economic success since the beginning of 2021 is killing the Radical Right!

 

[LuciousBDragon]

Let's do this. Let's shut down the government for a few weeks and see where we are, shall we?

We actually shut down the government every few years or so and everything keeps on humming.

There are around 3 million people who work in our federal government. That’s about the same as Wal-Mart and Amazon combined US workforces.

It’s bloated bureaucracy. We the people should not defend that, but expect better.

 

[RileyHawk]

We actually shut down the government every few years or so and everything keeps on humming.

There are around 3 million people who work in our federal government. That’s about the same as Wal-Mart and Amazon combined US workforces.

It’s bloated bureaucracy. We the people should not defend that, but expect better.

So you're an advocate for putting what percentage of those people out of work?

 

[TheCainer]

We actually shut down the government every few years or so and everything keeps on humming.

There are around 3 million people who work in our federal government. That’s about the same as Wal-Mart and Amazon combined US workforces.

It’s bloated bureaucracy. We the people should not defend that, but expect better.

Well shut it down then.

I guarantee you won't be happy with the results.

smh

 

[LuciousBDragon]

So you're an advocate for putting what percentage of those people out of work?

I’d look at each Department to determine. I’d advocate abolishing the Dept of Education at the federal level and then potentially have the States expand their own departments and reallocate some of those people at the state level.

DoD - hard to say since no one will allow an audit. The DoD needs audited first before making that determination. There’s some fat there with a lot of pencil-pushers living large. I’d advocate cutting there and perhaps from HHS and then grow the Veterans Admin. They always could use more and are probably the most deserving.

I think Commerce, Labor, Ag, Interior could probably benefit from efficiencies from tech and cut unnecessary overhead.

So, can’t put a flat % on it without looking at it from an individual department perspective.

The DoD needs audited. All Americans should be able to agree on that. We are not far away from $1T/year there. Servicing the nat’l debt and a trillion dollar Defense department is trillions that could be better spent, no?

 

[DogBoyRy]

So you're an advocate for putting what percentage of those people out of work?

69%

 

[RileyHawk]

I’d look at each Department to determine. I’d advocate abolishing the Dept of Education at the federal level and then potentially have the States expand their own departments and reallocate some of those people at the state level.

DoD - hard to say since no one will allow an audit. The DoD needs audited first before making that determination. There’s some fat there with a lot of pencil-pushers living large. I’d advocate cutting there and perhaps from HHS and then grow the Veterans Admin. They always could use more and are probably the most deserving.

I think Commerce, Labor, Ag, Interior could probably benefit from efficiencies from tech and cut unnecessary overhead.

So, can’t put a flat % on it without looking at it from an individual department perspective.

The DoD needs audited. All Americans should be able to agree on that. We are not far away from $1T/year there. Servicing the nat’l debt and a trillion dollar Defense department is trillions that could be better spent, no?

LOL - of course. Cutting the Department of Education takes almost $70B away from education grants and programs for the states. How do you expect them to make that up?

Let's say you cut the DoD by 10% - that's 287,000 people out of work. That should help the economy.

You're a typical right winger who throws grabs on to stuff Trump says without any critical thinking. Cutting hundreds of thousands of jobs and raising tariffs are recipes for a terrible economy.

 

[Flie]

Guys this is bad.

 

[lucas80]

But if you are going to make this argument, are you willing to go so far to say that the majority of government jobs enable revenue growth?

Let's do this. Let's shut down the government for a few weeks and see where we are, shall we?

Government cannot be run like a business like so many would like it to be. It's not out to make a profit. If it was, we would immediately cut off all of the old people, the invalid, all of the suckers and losers in our VA hospitals, and on, and on, and on. Once hurricanes start tearing up the Gulf Coast again in the coming weeks we will just let the chips fall where they must, at each person's feet who chose to live in the path of destruction and has been destroyed by a random act of nature. Sucks for them, right? Do we want a military? We had better start selling subscriptions to the citizenry who want to subscribe to its services.*

Government's responsibility is to protect its citizens, equally, not to make money. But, they do aid in economic growth for others by providing services that aid in this ability, e.g. the ATC system again. Airlines and General Aviation do pay for some of these services in landing fees and ATC services but it must not be too costly for them, otherwise, they wouldn't stay in business. The Government basically provides the nation's infrastructures which help economic growth which we all rely on daily. This economic growth is what builds our tax base which helps to fund the government.

If it wasn't for the government, we would probably see the billionaires filling in the void, but their interests would not be in providing services for everyone, but for those who could afford to pay them. Billionaires could also build their own private militias to look out for their interests, but would they look out for the rest of us?

It's time people realized that government is not a business.

I think this guy summarizes things up pretty well.

* Why Government Should Not Be Run Like A Business​

https://www.forbes.com/sites/johntharvey/2012/10/05/government-vs-business/

Just wait until the Project 2025 people get ahold of air traffic control and NOAA.

 

[TheCainer]

Just wait until the Project 2025 people get ahold of air traffic control and NOAA.

If that happens, I ain't flyin'!

 

[Here_4_a_Day]

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand continually high interest rates.

Last month’s job growth did mark a pullback from 218,000 in May. But it was still a strong gain, reflecting the resilience of America’s consumer-driven economy, which is slowing but still growing steadily.

Friday’s report from the Labor Department also showed that the unemployment rate ticked up from 4% to a still-low 4.1%. And the department sharply revised down its estimate of job growth for April and May by a combined 111,000.

The state of the economy is weighing heavily on voters’ minds as the presidential campaign intensifies. Despite consistent hiring, relatively few layoffs and gradually cooling inflation, many Americans have been exasperated by still-high prices and assign blame to President Joe Biden.

US employers added a solid 206,000 jobs in June in a sign of continued economic strength

America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs.

www.chicagotribune.com