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In reply to the discussion: Economy adds 1.4 million jobs in August, and the unemployment rate fell below 10 percent [View all]exactly what Ive been thinking the last three months. Many of these jobs are ones people are going back to. Sure some are people getting new jobs, but majority are people going back to the job they were furloughed from. I also thought I heard the job numbers for July were revised down. Anyone hear that? Thought it was NPR.
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Economy adds 1.4 million jobs in August, and the unemployment rate fell below 10 percent [View all]
BumRushDaShow
Sep 2020
OP
[Refresh] [Refresh] [Refresh] [Refresh] [Refresh] Whew. There it is. NT
mahatmakanejeeves
Sep 2020
#10
A lot of that was government jobs, especially census workers. Also, the jobs added
still_one
Sep 2020
#2
So, we "added" 1.4 million jobs in August but there were 800,000 new unemployment claims....
George II
Sep 2020
#12
Yes. It is extremely unreliable because of the uncertainty with the pandemic and chaos going on
still_one
Sep 2020
#17
Illustrating your point with a data series - total count of nonfarm payroll jobs
progree
Sep 2020
#22
Yup, government jobs: +344,000 in August (238,000 of which were Census workers)
progree
Sep 2020
#27
Not your headline, but I think it's misleading - "adds 1.4 million jobs" probably means....
George II
Sep 2020
#3
yea i'm skeptical how it went from 13% to 8.5% so quickly...hmmm seems there's fudging going on
onetexan
Sep 2020
#9
Of course this doesn't factor in the almost 4 million new unemployment claims in August!
George II
Sep 2020
#13
The big discrepancy between jobs report 13.6 M unemployed, and 29.2 M collecting benefits
progree
Sep 2020
#34
Unemployment Crisis Going in Wrong Direction: Week 25 of U.S. Labor Market Collapse
progree
Sep 2020
#39