Unemployment Lowest in 53 Years

Big jobs report out today with 517,000 jobs added. Unemployment dropped to the lowest level in 53 years at 3.4 percent. Huzzah!

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https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

Not counting those who gave up or I am assuming illegal aliens.

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Excellent news.

Dow isn’t loving it though as more Fed rate hikes are predicted.

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Good news! Thank you private sector!

That looks like a number that’s going up… not down.

Stellar try though.

Overheated economy and all that.

Great news!?!?!

Still far below pre-pandemic, if a ton of people drop out of the workforce, what happens to UE rates? And is it something to crow about?

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Yes great news.

If we need to find a negative side to the story I guess we could say. . . it is a little disturbing how far off it was from Wall St estimates, but yess jobs added is a good thing.

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The number is going up since the pandemic so yes?
62.4 compared to 62.8 at a certain point during the last admin

Can you please point me to your reference to the labor participation rate then? Thanks in advance

Oh and Biden has nothing to do with this

Trottin’ ’ out the oldies

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The true unemployment rate is 34 % doncha know.

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Real jobs are up while the tech industry continues to bleed. The coders could always learn to mine lithium. :rofl:

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Of course not. Now, if this was a Trump presidency, it’s all they’d wanna talk about, but you know…

Greatest economy ever!!

Yes, Trump’s tax cuts are still working.

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Let’s remember, though, that no matter what the numbers may say, this country has still been utterly destroyed in a matter of just two years. It’s utter devastation. And I will make sure everybody knows this, especially on the internet.

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Heads I win, tails you lose!

Any time unemployment goes down it’s great news.

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We’re having to buy hens instead of eggs for God’s sake. I don’t really know where to turn next. I’m scared to look.

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