U.S. economy added 206,000 jobs in June, unemployment rate rises to 4.1%
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- čas přidán 4. 07. 2024
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The best way to describe the present economy is 08' 2.0. Yes, stocks are at discount and things will eventually get better, but as of now, my monthly living expense is up $3750 from $1600 and I'm left wondering what retirement may have in store for me.
oh well, some financial situations can be handled on your own, while others are best navigated in consultation with an advisor
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Thank you for the lead. I just searched Katherine Nance Dietz by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon..
It’s a bunch of crap jobs that can’t pay the bills
People can pay the bills, you are just spreading a MAGA agenda or some Bot message.
🤣🤣
That's your life story.
It is a fake story.
These are terrible jobs that don't pay basic living in an expensive country like the U.S.
What makes you say that? How do you know what these jobs pay? Why did the average wage go up?
@@RetirementTalk43 Average not median.
@@kurdi98k Do you have information on the median wage?
@@kurdi98kvery good point
@@RetirementTalk43 The median wage is up 8% on the last two years. Inflation is plus 20%. Obviously math is not your strong suit
What kind of jobs? lies, Damn lies and statistics
red: You COULD actually read the report and become informed before commenting.
@@RetirementTalk43 More unemployed than ever in the 16-26 group. Very hard for first time jobs. I don't care what your statistics say, the reality on the ground is, you get the special training and then try to go through the e-file applications to get in a massive virtual line without any contact with humans.
red: So, you are citing a statistic, that doesn't actually exist because there is no 16-26 age group category in the report, to prove that the report is "lies, Damn lies and statistics?" Care to try again?
@@RetirementTalk43 there is no statistic? exactly my point
@@redjetsen1002 So if you understand that the BLS does not have a statistic for that particular age category of 16-26, how can you say that there are more unemployed than ever in that age category????
US economy firing employees in all cylinders😢
How would you know sitting in your trailer living on welfare.
@Bob-g2q So you live at the same trailer park?
Added 200k+ jobs but employment rate went UP to 4.1% , amazing how that works
Do you understand how that can happen?
@RetirementTalk43 please explain would love to know
Simple math, takes longer to find jobs. Idk why
@ssuwandi3240 no, that's not it
@@straightup7up Unemployment can rise when we add more jobs because of more people entering the labor force. Those who have given up looking for work in the past and were no longer counted as unemployed, started looking for jobs again and are now once again counted as unemployed.
These numbers aren't telling you the full truth:
"After surveying 649 hiring managers in May, the site found as many as 4 in 10 companies said they'd posted at least one fake job listing this year. Of these, 26% posted up to three fake listings, 19% posted five, another 19% posted 10, 11% posted 50, 10% posted 25 and 13% posted 75 or more fake listings.
Agree. This is fake.
Pure conjecture, surveys on surveys gtfo
I may have interviewed for a few of those fake jobs, waste of time!
Putin bot.
@@nixic_ How is real life hiring managers pure conjecture? You make zero sense.. lol the article was on multiple news outlets
They don't need this guy running around yelling. Just post the numbers on the screen
Exactly, what is the point of reading out lound numbers from the table?
People multitask and aren't always looking at a screen.
this way help increase one job,and make umemployment rate down
Yeah I’m not believing this because if there were a lot of jobs being added why are people complaining about being unemployed!? It’s not adding up
What's the U6? The U3 is cherry-picked data to make the jobs report look good.
You can't take five seconds to check the report for that information? How does any of the 6 unemployment figures make the report look good?
@@RetirementTalk43 U3 is to look good.U6 is more accurate and doesn't look good.
@@UnitedCorporationsOfAmerica It what respects does U3 look good and U6 not look good? Just because U3 is lower than U6? The U6 number is historically extremely low and would be considered a "good" number. If they just wanted to show a low number, they would have used U1, which is 1.5%.
I DO believe that the headline number should more logically be U6 rather than U3 but, in that the comparison is historical, it really doesn't matter.
Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
Just research the name Desiree Ruth Hoffman. You’d find necessary details to work with a correspondence to set up an appointment.
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Unemployment is rising because there are more jobs being lost than being filled. We didn't add 206k jobs, we lost jobs and that is why the unemployment rate goes up.
I wish they had honest analysis from their guest. How can you have a strong jobs number when 79K of the 206K is government jobs??? This economy is in the toilet.
freedom: What is wrong with a government job? Don't firefighters, cops and teachers count too?
Last week US Government: Companies laid off 500,000 $70k jobs with benefits.
This week US Government: Walmart and Wendys created 114,000 $30k jobs WITHOUT Benefits.
Despite counting part-time jobs multiple times and seeing many people leave the job market for good, the number of unemployed counts continues to rise. Is this a rosy picture or what?
larry: You really have no understanding of the statistics.
@RetirementTalk43 speak for yourself 🤓 🖕
Buying power $ is less so people needs 2 -3 jobs to pay their bills
We are living in a central planned economy where every good thing seems controlled, from real estate to stocks and now gold. I'm open to ideas how to safeguard and grow my wealth amid high inflation, can't let over a mil lose its value by just sitting in my bank.
buy bitcoin! it is decentralized and most secure, thus healthy competition among many miners
I think you're better off speaking with a certified market strategist, they can help with pointers on equities to acquire
Right, when it comes to situations like this, having a seasoned advisor diversify your portfolio for high performance is ideal and thankfully, I can attest to this approach, seeing my holdings of $800k grow by 240% in barely 3 years.
@@CaroLewis-j8k please, who is the advisr guiding you? how to put my money to work has been my daily thought, did my research and most suggestions pointed at the stock market, the thing is i'm an absolute noob at investing
Katherine Nance Dietz is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Sure it did! At this point with all the lies that have been spread on this network concerning economy, jobs, and other misinformation on how our economic situation it’s impossible to look at anything they report on a believe it.
What JOBS!!!!?????
I dunno
To quote Charles Payne, "Does anybody really look at the jobs number anymore?".
After the revision it'll be 100k and unemployment is more like 10%
So you still use the unemployment figure as an excuse for not having a job. Pathetic.
What is the point of reading out lound numbers from the table?
For the MAGA people that can't read.
Soft landing ehh?
The soft landing has been happening, this is what the Fed wants.
you know it wont happen
@@galv9499 i know it that’s why I typed „ehh“
How can you add jobs but unemployment higher?
More people move back into the labor force.
Population growth from Zoomers entering the market?
Yeah travis Kalanick 2017 interview self driving taxis musk taxi...
Musk was laughing at him but followed him 2 days ago on social media.
Man this is gonna take down taxi jobs. Taxi drivers buy teslas
If You work two or three jobs does they count as well ? People are getting fired from every where especially in LA. How many government jobs are hiring ?
Who is working two or three jobs exactly? I only know people working one job, there are some that might do another job, because they do not have one main job, but that has always been the case.
@@erichvonmolder9310 Check chart A-16, Bureau of Labor Statistics. 8.194 million hold multiple jobs. That's up from 7.880 million from June 2023.
Bidenomincs working
Recession coming
Too late for most
Damn may and April were revised down a ton. So I’m guessing June will be too next month.
Revising numbers is the new national pastime! Government stats are now about as reliable as a weather forecast from your pet goldfish. Let’s hope the next administration can reel in this numerical nonsense!
@@larrywu4134 yeah it’s just odd because when they first release the numbers if they’re hot it sky rockets the yields which makes the mortgage rates jump, vs if they posted the real number which are way lower yields going down and rates follow. When they show the revise the next month it doesn’t have the same effect.
And most new “jobs” are rebound in the min wage fast food and service sectors. Many being let go the past few months in Ca (except fast food owners who contributed heavily to Newsom and granted exemptions ).
You should say those people to not take them, so your agenda can be correct
Rebound from 2020? Let it go. Those jobs were filled 2-3 years ago.
@@kokica007 The “agenda” would be someone calling factual circumstances and the reported layoff, phase out, and shuttering many fast food restaurants and entire chains here in Ca (like Rubios, Arby’s etc etc) and resulting loss of 10ks jobs here in Ca, isn’t happening (to fit THEIR narrative) ..DUH
@@stacywacy4995That’s not what I said Einstein (have to be able to read, before you can actually debate).. Read my response to the first reply.
Lies $ break the monopolies.
Every day, we are confronted with new difficulties. It is currently accepted as the standard. We mistaken it for a crisis at first, but now we realize it as a new normal to which we must adapt. What steps can we take to improve income during the quantitative adjustment, given that 2024 will be a year of severe economic hardship for the whole country? I can't let my $800k in savings vanish after all my hard work.
My belief is that the US dollar's value affects investments in a variety of ways, but having a trained portfolio adviser who can research and experience a completely broad market has never made figuring out how to grow your money easier.
I think it's great to use a portfolio advisor when investing. Before I met with a certified portfolio advisor during the pandemic crash in March 2020, I had recently started having terrible dreams. Finally, with the help of my advisor, I was able to increase my initial investment of $400k to over $2.8 million dollars.
Yes, Sharon Ann Meny made headlines in 2020, but I'm not sure if I can bring her up in this context. She manages my portfolio and acts as a counselor for me.
I did look her up; she is full up, and her credentials and resume are excellent. Regardless, I scheduled a consultation with her.
This announcer speaks far too fast.
AI and robotics advances will raise unemployment, making it hard to return to previous job levels.
Amazing news! Market will go up 500 points today! nasdaq 30,000 here we come!!
@@eyelovecolorado2195 ridiculous
@@niklas4031 is it really? Millions died in a world wide pandemic and we got housing up 100-200%, and stock market up same amount. It’s twilight zone! Enjoy it!
Why does CNBC think people want to be yelled at? Between this yahoo and Cramer geesh! I had to switch to bloomberg a couple of years ago.
inflation is so bad you need 2-3 jobs to survive so yea i guess jobs look good if everyone has to have multiple to stay afloat
The percentage of multiple job holders has held very steady at about 5.1% of employed.
Everyone? Not Trumpo and his ilk.
Because republican supporting companies engage in price gorging
@@kennethmawomo2312two wings of the same dying bird 🤓 🖕
Interest cut rates incoming..
Told you so
There are more forces at work than we know of, can see, imagine or are able to analyse; The KING reigns and will reign for ever more, and so we will always be provided for: AMEN!!!
Great job report Mr. President Biden - It is up to the American worker to proceed forth with excellence.
Not my president 🤓 🖕
There are a lot more private car Amazon deliveries being made in my area. More foreign immigrant Uber driver hangouts with drivers waiting for work too .. About those numbers....
4.5 = rate cut
EV sector charging Up. FSRNQ..6 %.. Fisker up bankruptcy reorganization. Zapp 60 % rise today.. Archer Evtol Jets 14 % Gains Pre-market. Lillium Evtol Jets..QS..Frey and more.
they need to stop counting part time jobs, working a 3 hr/day job shouldnt count
Hello ❤🎉
This guy sounds like he has an agenda.....wonder what it is🤔😂😂😂😂😂
Old man yells at job numbers...
Pump it
Excellent. Rising unemployment creates fear, improves productivity. Everything is working according to plan.
It raises the chances of cutting interest rates.
@@erichvonmolder9310 A fallacy. Fed cannot cut with persistent inflation, continued massive Treasury borrowing that drives up yields. Stagflation will drive up rates, but Fed will try to stand pat at least until the election is over.
@@PD55_ , They can do what they want
@@erichvonmolder9310 doing nothing is the safe acceptable choice
@@PD55_ Unlike most federal agencies governed by the executive branch, The "Fed" can do whatever they want - they are a private corporation.
It’s a heaux
Hello?
July: June numbers revised.
Also July: the one rate cut is looking good now! Unemployment is up….also election time. Lol
This is a bad report unemployment rising
william: Not if you understand why unemployment percentage rose. Clearly, you do not.
@RetirementTalk43 speak for yourself 🤓 🖕
Quiz for Democrats . If you lose 10 marbles and them win them back does that mean you have 10 more marbles than you started with . Ahhhhhh....no
so all the jobs recovered from COVID plus the millions more additional jobs added? What about the labor department data that shows Obama's last 3 years created more jobs than Trump's first three. This completely wrecks your little example.
@@adimart2214 Liars figure but figures don't lie .
Here is the proof US work force participation
www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm
Hard to believe how bad shape the country was in 2020 and few years later with different administration has great recovery!
how many people in the previous administration have criminal records...?
🤣🤣🤣
You’re high on dope.
You are correct.
@@tman10003 , The person is correct. Just look at it.
Come on. Counting Seasonal summer workers, PT peeps Is Not adding anything. Interesting how the Unemployment number ticked UP.