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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]George II
(67,782 posts)12. So, we "added" 1.4 million jobs in August but there were 800,000 new unemployment claims....
...last week, and about 1 million each of the previous three weeks.
So we have 1.4 million "new" jobs and 3.8 million lost jobs in August. What a booming economy, eh?
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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