Black Lacy underwear on a PIG, this will not be a report to remember! It sucks. And as the infections increase and vaccines fail and Trump tries to become dictator the biggest market colasp ever will occur!
Government hiring helped boost the total, with the growth of 344,000 workers accounting for a quarter of the monthly gain. Most of that hiring came from Census workers, whose tolls increased by 328,000. Despite worries of a revenue crunch among at the municipal level, local government employment rose by 95,000.
Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn. The unemployment rate was by far the lowest since the coronavirus shutdown in March, according to Labor Department figures released Friday. The total of those on furlough also fell dramatically. There were 24.2 million people who said they not working because their employer either closed or lost business due to the pandemic, down from 31.3 million in July. economists worry that absent another round of stimulus from Congress, the boosts in activity could be short-lived. August’s job gains mean that more than half of those displaced during the pandemic are back at work. Nick Note: let me explain the trick here. The 24.2 million people who lost heir jos because the are ” temporary layoffs” are not counted….. Look at the chart