🇺🇸🔥 HUGE Jobs Boom in the US!
The US economy added a whopping 254,000 jobs in September, smashing expectations!
Unemployment rate falls to 4.1%, beating the forecast of 4.2%.
#JobsReport #USeconomy #Unemployment #BreakingNews
Discussion
August revision?
How many were government jobs?
What’s the participation rate?
Question everything…
Yes, your considerations are very good! And I have these questions, if these data are true. But, from a market point of view... Unfortunately, that's what we have for decision making my friend 😕
But I told you, that I do believe in government numbers, never. Governments lie! Hehehe
A lie is facile when murder by drone is at your fingertips.
Samuel Tombs, chief US economist at Pantheon Macroeconomics, cast doubt on the latest jobs reading – and suggested it would likely be revised. “September’s spike in payrolls goes against the grain of a wide range of indicators pointing to a continued pullback in hiring,” he said. “The extremely low response rate to the payroll survey waves a red flag.”
From: The Guardian
In Brazil, something similar happened recently. The numbers of job vacancies filled exceeded expectations. But unemployment claims have risen 🤡
What is the point of this? More jobs, and in the same month we ask for higher unemployment insurance? That's it close in the green 🟩
It doesn't make sense.
No it much in Brazil makes sense. Obrigado!