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mahatmakanejeeves

(56,897 posts)
1. Links to earlier reports:
Fri Jun 5, 2020, 08:35 AM
Jun 2020

Good morning, all.

Fri May 8, 2020: Links to earlier reports:

Friday, April 3, 2020: Links to earlier reports:

Wednesday, March 4, 2020: Links to earlier reports:

Friday, February 7, 2020: Links to earlier reports:

Thursday, January 9, 2020: Links to earlier reports:

Updated from this post of Friday, December 6, 2019: Good morning. Links to earlier reports:

-- -- -- -- -- --

[center]Past Performance is Not a Guarantee of Future Results.[/center]

Nonetheless, what is important is not this month's results, but the trend. Let’s look at some earlier numbers:

ADP® (Automatic Data Processing), for employment in May 2020:

Private-sector employment decreased by 2,760,000 from April to May, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in April 2020:

Jobless rate soared to 14.7% in April as U.S. shed 20.5 million jobs amid coronavirus pandemic

ADP® (Automatic Data Processing), for employment in April 2020:

ADP National Employment Report: Private Sector Employment Decreased by 20,236,000 Jobs in April

Bureau of Labor Statistics, for employment in March 2020:

Nonfarm payroll employment falls by 701,000 in March; unemployment rate rises to 4.4%

ADP® (Automatic Data Processing), for employment in March 2020:

Private-sector employment decreased by 27,000 from February to March, on a seasonally adjusted basis

Bureau of Labor Statistics, for employment in February 2020:

The U.S. labor market showed strength in February, adding 273,000 jobs

ADP® (Automatic Data Processing), for employment in February 2020:

U.S. adds 183,000 private-sector jobs in February, ADP says

Bureau of Labor Statistics, for employment in January 2020:

The economy added 225,000 jobs in January, showing continued strength

ADP® (Automatic Data Processing), for employment in January 2020:

ADP says 291,000 private-sector jobs created in January, largest gain in 4 years

Bureau of Labor Statistics, for employment in December 2019:

Economy adds 145,000 jobs in December as unemployment rate remains at 3.5 percent

ADP® (Automatic Data Processing), for employment in December 2019:

U.S. private sector adds the most jobs in eight months

Bureau of Labor Statistics, for employment in November 2019:

Labor market remained strong in November as U.S. economy added 266,000 jobs

ADP® (Automatic Data Processing), for employment in November 2019:

U.S. private sector job growth slows down sharply in November: ADP

Bureau of Labor Statistics, for employment in October 2019:

U.S. economy added 128,000 jobs in October as GM strike displaced workers; jobless rate ticks up

Bureau of Labor Statistics, for employment in September 2019:

U.S. economy added just 136,000 jobs in September, in fresh sign economy is cooling

ADP® (Automatic Data Processing), for employment in September 2019:

ADP National Employment Report: Private Sector Employment Increased by 135,000 Jobs in September

Bureau of Labor Statistics, for employment in August 2019:

U.S. economy adds just 130,000 jobs in August amid worries

ADP® (Automatic Data Processing), for employment in August 2019:

Survey: Businesses added a solid 195,000 jobs in August

Bureau of Labor Statistics, for employment in July 2019:

U.S. Added 164,000 Jobs in July; Unemployment Rate at 3.7 Percent

ADP® (Automatic Data Processing), for employment in July 2019:

ADP says 156,000 private-sector jobs added created in July

Bureau of Labor Statistics, for employment in June 2019:

Hiring rebounds as U.S. economy adds 224,000 jobs in June;unemployment rate inched up to 3.7 percent

ADP® (Automatic Data Processing), for employment in June 2019:

U.S. private sector hiring picks up less than expected in June: ADP

Bureau of Labor Statistics, for employment in May 2019:

The U.S. economy added only 75,000 jobs in May amid bite from Trump's trade war

ADP® (Automatic Data Processing), for employment in May 2019:

ADP private-sector job growth tumbles to a 9-year low in May

Links to earlier reports: mahatmakanejeeves Jun 2020 #1
No banner breaking news headlines yet BumRushDaShow Jun 2020 #2
Bloomie too: 'US Jobless Rate Unexpectedly Fell In May appalachiablue Jun 2020 #25
This is a shame. BumRushDaShow Jun 2020 #31
Yes. Thank you. I actually called up the BLS CPS group this morning and asked PatrickforO Jun 2020 #51
How many are people forced to return to work despite corona virus fears? nt tblue37 Jun 2020 #101
I don't belive that BS for a second Bengus81 Jun 2020 #3
Something's wrong here. mahatmakanejeeves Jun 2020 #4
Because 14.2m files jobless claims between mid April to mid May? denem Jun 2020 #10
Massive layoffs and business closed everywhere for months make for only 3.7% higher? Bengus81 Jun 2020 #17
We have a Democratic governor here in Kansas. nt tblue37 Jun 2020 #102
Me, either... IthinkThereforeIAM Jun 2020 #20
This seems.... rather unbelievable. Happy Hoosier Jun 2020 #5
can we believe anything coming out of the trump government? samsingh Jun 2020 #6
If anyone believes those numbers, I have a bridge I want to sell you. shockey80 Jun 2020 #7
Hey, wait. The BLS says that employment rose by 2.5 M. They must mean unemployment. mahatmakanejeeves Jun 2020 #8
The BLS admitted last month the unemployment rate was close to 20% given the classification errors progree Jun 2020 #9
This would mean that it dropped from a high of around 14 to 13%................Bullshit turbinetree Jun 2020 #11
More lies durablend Jun 2020 #12
Not "lost at a slower pace"... ADDED jobs ??? FBaggins Jun 2020 #13
I'm reading it too. NT mahatmakanejeeves Jun 2020 #16
My guess is that it's a quirk with the standard survey vs. some VERY non-standard times. FBaggins Jun 2020 #29
As I commented on a duplicate thread Steelrolled Jun 2020 #49
It doesn't match the continuing claims for unemployment, and I sure don't still_one Jun 2020 #14
It does match the continuing claims for unemployment, which is 20m people mathematic Jun 2020 #23
How have payrolls increased that much. Mohamed El-Erian sure is skeptical of it still_one Jun 2020 #26
Hey, I'm just addressing your initial concern about the continuing claims, which DO match up mathematic Jun 2020 #32
I agree we have seen the worst in unemployment, but that the increase was this still_one Jun 2020 #33
I admit that I'm guessing... but I think it's the difference between a hard count FBaggins Jun 2020 #37
I am wondering if some of these PPP loans are having an effect where some still_one Jun 2020 #40
That's certainly what the intent was when Congress created those "loans". FBaggins Jun 2020 #46
From the source. The BLS says that employment went up by 2.5 M. Not unemployment. mahatmakanejeeves Jun 2020 #15
I would think that in order to get that jobs "increase" (am guessing "net increase" for the month) BumRushDaShow Jun 2020 #28
The WaPo did some editing on their article. The edit changes things. NT mahatmakanejeeves Jun 2020 #38
I did see this interesting comment in the thread BumRushDaShow Jun 2020 #42
Thanks still_one Jun 2020 #36
De nada. I consider it my job. mahatmakanejeeves Jun 2020 #39
................................... still_one Jun 2020 #41
How do we know tRump didn't have someone mess with the numbers? ariadne0614 Jun 2020 #18
Tell that to the closed restaurants, businesses, and those part of the continuing still_one Jun 2020 #19
Trump stopped counting the unemployed and the dead bucolic_frolic Jun 2020 #21
BREAKING Unemployment Rate Fell to 13.3% in May mahatmakanejeeves Jun 2020 #22
You could fry an egg on those numbers. denem Jun 2020 #24
Those are Sarah Palin numbers bucolic_frolic Jun 2020 #27
As economist dig into the numbers, they found an interesting "footnote" maxrandb Jun 2020 #30
Anyone know what that means? Steelrolled Jun 2020 #45
They've Done That For Decades ProfessorGAC Jun 2020 #84
Except that this situation is unique and nothing like any other catastrophic event in the past. honest.abe Jun 2020 #87
A Good Portion, Yes ProfessorGAC Jun 2020 #88
They admitted it was an error. honest.abe Jun 2020 #93
Talking About 2 Different Omissions ProfessorGAC Jun 2020 #95
Explain please. honest.abe Jun 2020 #96
Here's how the Washington Post describes it (humans being humans, sigh) progree Jun 2020 #90
Links to charts and graphs from the BLS Twitter account. mahatmakanejeeves Jun 2020 #34
Additional links: mahatmakanejeeves Jun 2020 #35
I don't know about everywhere else Steelrolled Jun 2020 #43
Barring a second wave of infections, we probably ARE past the bottom FBaggins Jun 2020 #47
Household survey (that produces unemployment rate) is done over one week in this case May 10 - May progree Jun 2020 #53
I question everything, EVERYTHING that comes out of this administration; SayItLoud Jun 2020 #44
Let's see...unemployment numbers the first week of Feb 2021---18%-20% BANK on it Bengus81 Jun 2020 #48
bogus data if I ever saw with the number of people filing weekly claims near 40 million beachbumbob Jun 2020 #50
Bloomberg doesn't seem to agree. Lonestarblue Jun 2020 #52
MarketWatch forecast of 15 economists: jobs: -7.25 M, unemployment rate: 19.0% progree Jun 2020 #55
So How Can DallasNE Jun 2020 #54
I believe this as much as I believed that 4% unemployment BS. nt yaesu Jun 2020 #56
Probably most of those are laid off employees returning as businesses... WePurrsevere Jun 2020 #57
Did we say 2.5 million? We meant 10 million! mahatmakanejeeves Jun 2020 #58
I haven't had chance to check but BumRushDaShow Jun 2020 #59
Yes: March and April a combined 642,000 worse than last reported progree Jun 2020 #61
Thank you!!! BumRushDaShow Jun 2020 #62
Well, that's about right. MarketWatch forecast 7.25 M LOST, Yahoo Finance: 8 M LOST progree Jun 2020 #60
SOME BLS SERIES NUMBERS - Links progree Jun 2020 #63
I'm calling BS. This was reported 5/28/2020 on CNBC ... aggiesal Jun 2020 #64
Continuing claims is 21.49 million, not far from the Unemployed number: 20.98 million progree Jun 2020 #66
Also if you exhaust your unemployment benefits, you drop off the unemployment list ... aggiesal Jun 2020 #67
The BLS numbers in todays jobs reports counts everyone who says they are out of a job progree Jun 2020 #68
Thanks for the link. In California, when you are unemployed ... aggiesal Jun 2020 #70
That's unemployed status too. Again, that Household Survey of 60,000 households is progree Jun 2020 #72
That's a frequent misconception FBaggins Jun 2020 #71
U-6 unemployment rate 21.2% (includes people who have looked for work sometime in past 12 months progree Jun 2020 #65
Bean counters give the Corps 500 trillion to hire people Cryptoad Jun 2020 #69
Trump says he hopes George Floyd 'looking down' and seeing today's jobs numbers as 'a great day for progree Jun 2020 #73
Link to another thread at DU about the report mahatmakanejeeves Jun 2020 #74
I've been seeing more and more talking about the "COVID-19 factor" BumRushDaShow Jun 2020 #75
That showed up early this morning. I wish he had crossported it in this thread. NT mahatmakanejeeves Jun 2020 #76
Have fun BumRushDaShow Jun 2020 #77
March and April also had the same problem. March was "almost 1 percentage point", progree Jun 2020 #78
Thank you for writing. I posted the link because I thought that there should be a central place mahatmakanejeeves Jun 2020 #80
Oh, nothing wrong with posting it here. It is a fact that the BLS has admitted to the 3 progree Jun 2020 #81
"... the same misclassification error in the April report...." mahatmakanejeeves Jun 2020 #82
The LBN April jobs thread already has postings about the misclassification error progree Jun 2020 #83
Thanks for your work on this........... Bengus81 Jun 2020 #79
Thanks. It's mostly just a bunch of cut and paste. There's not that much work involved. NT mahatmakanejeeves Jun 2020 #86
Link to yet another thread at DU about the report: mahatmakanejeeves Jun 2020 #85
Just when you think you've got them all, here's another. mahatmakanejeeves Jun 2020 #89
This one got removed as being a DUPE in LBN, but the comments are still there - progree Jun 2020 #91
Another one has been posted since then. I'm tired. I'm going to have some dinner. NT mahatmakanejeeves Jun 2020 #92
101 million jobless Americans (remember when Trump criticized Obama for "94 million jobless progree Jun 2020 #94
Response to someone claiming "As soon as it was caught the same day it was corrected." and other progree Jun 2020 #97
Here we go again. mahatmakanejeeves Jun 2020 #98
That 20% refers to April, not May (sigh, here we go again) progree Jun 2020 #99
Best explanation of unemployment insurance & compared to this jobs report, by Wolf Richter progree Jun 2020 #100
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