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| More jobs but still a pandemic. |
BLACK LIVES MATTER
PROTECT BLACK WOMEN!
STOP ASIAN HATE!
PROTECT AAPI WOMEN!
FREE PALESTINE🇵🇸!
WEAR A DAMN MASK! SAVE A LIFE! TRUST SCIENCE AND MEDICAL EXPERTS! THE CORONAVIRUS PANDEMIC IS FUCKING REAL!
GET VACCINATED! IF THE OPPORTUNITY TO GET THE VACCINES ARE AVAILABLE, GET IT WHILE IT'S STILL FREE! THE MEDICAL EXPERTS SAY THE VACCINES DO WORK AND IT REDUCES THE RISK OF CORONAVIRUS INFECTION.
HOLD THEM ACCOUNTABLE NOW! VOTE THESE DUMBASS LAWMAKERS OUT OF OFFICE! STOP SUPPORTING ALL FORMS OF EXTREMISM!
GIVE PUERTO RICO, GUAM, AMERICAN SAMOA, U.S. VIRGIN ISLANDS AND NORTHERN MARIANA ISLANDS THE RIGHT TO VOTE IN THE U.S. PRESIDENTIAL ELECTIONS! GRANT STATEHOOD TO THE DISTRICT OF COLUMBIA. MAKE IT THE DOUGLASS COMMONWEALTH.
GOOGLE'S BLOGGER IS STRAIGHT UP TRASH! THE BLOGGER INTERFACE IS A TOTAL DISASTER AND IT'S RIDICULOUS!
WHITE PRIVILEGE IS REAL! IT'S "SUIT AND TIE" WHITE SUPREMACY ON TELEVISION, RADIO, THE INTERNET AND AMERICAN POLICY!
WE'RE NOT THE ESTABLISHMENT! WE ARE THE VOTERS WHO SUPPORT CANDIDATES THAT AREN'T THE NOISE! REJECT EXTREMISTS ON THE LEFT AND ESPECIALLY ON THE RIGHT!
YOU CAN'T FIX STUPID!
EXPECT MORE!
With the delta strain and lambda strain of the coronavirus spreading, we see America's culture warriors in state and federal office trying to keep mask mandates from returning. With slow vaccination of Americans, the "Great American Comeback" could be a lost.
The jobs report for July will determine if the varying factors of inflation, rising food prices, rising costs in materials, rising gasoline, rising energy, rising rent, the eviction moratorium, unemployment benefits being capped and a job hiring bonanza where folks aren't interested in low wage work, the Biden economy is sputtering along.
Wildfires in California, Oregon, Washington and Idaho.
Political extremism on the rise with the former president and his allies being hellbent on trying to sabotage President Joe Biden.
Hiring rose in July at its fastest pace in nearly a year despite fears over Covid-19′s delta variant and as companies struggled with a tight labor supply, the Labor Department reported Friday.
Nonfarm payrolls increased by 943,000 for the month while the unemployment rate dropped to 5.4%, according to the department’s Bureau of Labor Statistics. The payroll increase was the best since August 2020.
Economists surveyed by Dow Jones had been looking for 845,000 new jobs and a headline unemployment rate of 5.7%. However, estimates were diverse amid conflicting headwinds and tailwinds and an uncertain path ahead for the economy.
Average hourly earnings also increased more than expected, rising 0.4% for the month and are up 4% from the same period a year ago, at a time when concerns are increasing about persistent inflationary pressures.
“The data for recent months suggest that the rising demand for labor associated with the recovery from the pandemic may have put upward pressure on wages,” the BLS said in the report, though it cautioned that the Covid impact is still skewing data and wage gains are uneven across industries.
Markets reacted positively to the report, with the Dow and S&P 500 hitting new record highs at the open Friday morning.
“It feels like a Goldilocks report. You have not too hot in terms of wages, but not too low in terms of job gains,” said Beth Ann Bovino, chief U.S. economist at S&P Global Ratings.
The drop in the headline unemployment rate looked even stronger considering that the labor force participation rate ticked up to 61.7%, tied for the highest level since the pandemic hit in March 2020. A separate calculation that includes discouraged workers and those holding jobs part-time for economic reasons fell even further, to 9.2% from 9.8% in June.
“This not only was a strong jobs report by nearly every measure, it also signals more good things to come,” said Robert Frick, corporate economist at Navy Federal Credit Union.
As has been the case for the past several months, leisure and hospitality led job creation, adding 380,000 positions, of which 253,000 came in bars and restaurants. The sector took the hardest hit during the pandemic but has been showing consistent gains during the economic reopening.
The unemployment rate for leisure and hospitality tumbled to 9% in July from 10.9% in June and compared to 25% a year earlier, though there are still about 1.8 million fewer workers than prior to the pandemic. Wages in the sector rose 1.2% month over month and are up 3.1% from a year earlier.
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| The Squad could sink the infrastructure bill. |
Education also showed strong gains, with 261,000 new hires. The BLS cautioned, however, that the pandemic has distorted the sector’s numbers and likely elevated the number for July.
That also left private payrolls up 703,000 for the month, about in line with expectations.
Professional and business services contributed 60,000, and transportation and warehousing added 50,000. Sectors also showing increases were other services (39,000), health care (37,000), manufacturing (27,000), information (24,000), financial activities (22,000) and mining (7,000). Retail posted a loss of 6,000 while construction and wholesale trade were flat.
The numbers come amid a rush of new coronavirus cases in the U.S. and around the world, with the most serious illnesses happening in areas with larger unvaccinated populations. The increase has raised fears that it could slow economic activity in a recovery that began in April 2020 and has shown resilience despite the periodic flareups of Covid cases.
At the same time, the U.S. is fighting a continuing battle with a scarcity of labor.
Job placement site Indeed estimated there were 9.8 million job openings as of July 16, far more than the 8.7 million considered unemployed. In a survey of 5,000 job seekers, however, the amount of those citing health concerns as a reason for not looking for a job declined, with a growing number citing a lack of need due to a financial cushion as the top response.
The unemployment rate has tumbled from pandemic high of 14.8% but remains well above the 3.5% before the crisis. Federal Reserve policymakers have vowed to keep ultra-easy monetary policy in place until they see stronger signs of full employment, though Democratic Sen. Joe Manchin on Thursday criticized the central bank, saying it was risking runaway inflation in its jobs quest.
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| President Joe Biden is close to getting his infrastructure bill passed. |
“Although there have been some cracks in the armor, today’s jobs number showed that once again our economy is incredibly resilient and moving forward,” said Ryan Detrick, chief market strategist for LPL Financial. “This number was really good, but the best part was it wasn’t so strong that the Fed would have to change policy.”
July’s job gains added to an overall positive climate for employment. May’s numbers were revised up by 31,000 to 614,000, while the June count increased 88,000 to 938,000, for a total gain of 119,000.
1. The U.S. Senate is finishing up the American Jobs Act. The Senate will remain in session to pass the bipartisan bill that will finally get the ball rolling on infrastructure. The Senate is hoping to have enough votes to pass the legislation. The legislation will then go to the House and eventually to President Joe Biden.
2. Over 645,000 Americans are dead from the coronavirus. The new strains of coronavirus have started to affect Americans who aren't vaccinated. Those who aren't vaccinated keeping this pandemic going. Thanks to Washed Up 45, Republicans and the junk food media agitators on the far-right, we're returning back to the pandemic's deadly phase.
3. Wildfires in California, Oregon, Washington and Idaho have an impact on the economy. California is a leading state in revenue and it's impacts are being felt in the supermarket. Tomatoes, honey, milk and even pork are going up due to the wildfires and deadly droughts.
Food prices, energy prices, rent, city services and college education have risen. Companies are struggling to find workers. They are now trying to push incentives to get workers in.
Real Reasons To Why Unemployment Rate Stays The Way It Is!
1. DEAD
2. BORN
3. IN PRISON
4. IN PRIMARY SCHOOL
5. IN MIDDLE SCHOOL
6. IN HIGH SCHOOL
7. IN COLLEGE NOT LOOKING
8. VOLUNTEER
9. DISABLED
10. STAY AT HOME PARENT
11. RETIRED
12. QUIT ON THEIR OWN
13. NOT HIRING QUALIFIED
14. NATURAL DISASTERS
15. ACTIVE MILITARY
16. NOT HIRING TOO QUALIFIED
17. LAID OFF
18. FIRED FROM THE JOB
19. DESTRUCTION TO FACILITY
20. OUTSOURCING
21. IMMIGRANTS TOO AFRAID OF BEING DETAINED BY I.C.E.
22. SHAMED BY SOCIAL MEDIA (BY ACTIVELY TAKING PART IN ILLEGAL ACTS).
Things are returning back to normal. Over 78% of Americans have at least gotten one of the coronavirus vaccines.
However, they are struggling trying to hire employees. With the average wages stagnant, many are not looking forward to returning to a job that pays dirt wages. Many who worked in the retail, restaurant and low end service industry are not willing to take a job for less than $10 an hour.
Republicans don't see the bigger picture itself. They rather continue to believe in conspiracies about people collecting the safety net and not going back to work.
Give them a liveable wage and maybe things might improve in the job market.
Yes. We can't always assume that folks are lazy.
Many single mothers are having trouble trying to find quality daycare or family members to watch children. On top of that, some have lost family members due to the pandemic. A homemaker may have lost their spouse. Some may have no choice but to watch their children or loved ones due to the aftermath of the pandemic.
Folks are still trying to rebound from medical bills, late rent payments, owing taxes and college loans.
Republicans are white nationalists without a conscience. Washed Up 45's presidency and Republican controlled governments led us to losing over 620,000 Americans. President Joe Biden has a four seat House majority and a spilt in the Senate.
Holding these lawmakers accountable is not just a pledge, but a promise. You need to learn who represents your community. Your local councilman, your mayor, your state representative, your state senator, your governor, your U.S. Representative, your U.S. Senator and the president need to be held accountable for their actions.
We need to put pressure on Republicans and Democrats to do something to improve everyone's lives.
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