222,000 Jobs Added To US Payrolls In June; Unemployment Rate Rises To 4.4 Percent (npr.org)

From an NPR report: An estimated 222,000 jobs were added to the U.S. economy in June, according to the monthly employment report released by the Bureau of Labor Statistics Friday. "The job gains were better than expected -- most economists had predicted a gain of 180,000 jobs," NPR's Chris Arnold reports for our Newscast unit. The unemployment rate rose slightly to 4.4 percent from 4.3 percent -- a 16-year low that was hit in May. "Since January, the unemployment rate and the number of unemployed are down by 0.4 percentage point and 658,000, respectively," the BLS says. Previous estimates of job gains in recent months were revised upwards -- from 138,000 to 152,000 in May and from 174,000 to 207,000 in June, for a net gain of 47,000.

Comments

Re:unemployment numbers

[bluefoxlucid]

Actually, unemployment numbers count discouraged employees in U4. U4 is currently 4.7. This year, starting in January, it has been 5.2, 5.0, 4.8, 4.7, 4.5, and 4.7. U3 has been 4.7, 4.5, 4.4, 4.3, 4.4.

Re: Curious...

[Tablizer]

You just can't accept that America is better under Trump.

The GDP numbers are basically the same as they were under O, and the unemployment changes are consistent with a general longer-term trend that has been in place since roughly around 2013. Same with the stock market.

Further, T hasn't signed any legislation or Executive Order that would have notable impact on the economy either way. In short, he hasn't change enough to matter. The economy is on cruse control.

It's only a political issue because he has been bragging about the economy "under" him. I gotta call BS on that one.

Re:unemployment numbers

[Captain Splendid]

But that is pretty much an insane way to look at our work force.

It worked for eight years for Sean Hannity. Until a few months ago, it was a daily ritual for him to mention the 90 million Americans who weren't working in Obama's America.

Re:"Discouraged" job seekers.

[BarbaraHudson]

Keep in mind that the IRS has records of every lawful employment payment (and many unlawful). Each one is reported with time period, money earned, and a unique identifier.

These numbers are never used, even though they obviously would give the best data. They can't be manipulated as easily, and it would be too easy to point out that job income per worker has been stagnant or even declined for a generation. GDP has increased tremendously, but it's not showing up in pay packets.