Bold line in the Job Report 2020

Aug 6th, 2022
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How to bold line in the Job Report 2020

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yes absolutely and the number is not so bad if you look at the fact that the economys at this levels of unemployment under the fact that the growth is now supposed to be slowing down towards the trend and we think this is consistent with 1.8 1.9 percent GDP growth which we expect over the next 12 months so its not really bad I think it is were gonna continue with this kind of numbers over the next 12 months do you expect the biggest swing factor for the US economy to be whether the trade deal is done or not or or is that now already kind of assumed to be the case and weve got to look to other factors on the US economy so it still remains a big important point for the US economy in terms of outlook because we do want to have that investment growth come back into positive territory if you look at the equipment investments its declining youre on your right now and we dont want that to be continuing we want that number to come back we want net exports again to come back into positivi

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Published by the Bureau of Labor Statistics (BLS) at 8:30 am ET on the first Friday of each month, the jobs report, aka the Employment Situation Summary, is an estimate of: The total number of workers in the U.S. (minus farm jobs) Their average hourly earnings. The number of hours worked weekly.
Nonfarm payrolls rose by 4.8 million in June, much better than the expected increase of 2.9 million. The unemployment rate fell to a crisis low of 11.1%, also better than the 12.4% estimate. Those on temporary layoff fell by 4.8 million in June to 10.6 million after a decrease of 2.7 million in May.
The unemployment rate in April 2020 increased by 10.3 percentage points to 14.7 percent. This is the highest rate and the largest over-the-month increase in the history of the data (available back to January 1948). The number of unemployed persons rose by 15.9 million to 23.1 million in April.
The problem of overstated jobs numbers is not a new one. In August 2023, the BLS issued a preliminary revision for the 12 months through March 2023 showing U.S. job growth for that period was overstated by a net 306,000 jobs. Thats 25,500 fewer jobs on average per month in that period.
The forthcoming jobs report from the U.S. Bureau of Labor Statistics will provide further clarity for mortgage rate trends. My primary data line for rates is jobless claims; if jobless claims rise faster, mortgage rates will go lower, regardless of what the Fed does, Mohtashami said.
The unemployment rate, reported monthly by the U.S. Bureau of Labor Statistics, provides docHub insight into the health of the nations economy. Generally, the lower the unemployment rate, the stronger the economy is likely to be. The unemployment rate is also one of the mostly closely followed indicators.
If job growth is strong and the labor market is so robust that wages rise quickly, that could keep price increases higher for longer as companies try to cover their costs. On the other hand, if the job market begins to slow sharply, that could nudge Fed officials toward earlier interest rate cuts.
Between 2020 and 2030, the total U.S. economy is projected to add about 11.9 million jobs, with employment docHubing a level of 165.4 million in 2030.

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