BLS jobs report abysmal. Added half the jobs that were expected

[Johnny2X2X]

245,000 jobs added, half of what was expected. 6.7% UE, but 3.9 million people stopped looking for jobs.

Trump is the worst jobs President in US history.

https://www.bls.gov/news.release/empsit.nr0.htm

[Klaralven]

1. This probably doesn't include a fair amount of gig work as people create child care arrangements

[superpatriotman]

2. And the Dow rises again!

This game is SO rigged

[Johnny2X2X]

3. The DOW going up is a good thing

The system is rigged, but not because the stock market is divorced from the economy. The DOW going up helps regular people, without prices being high the layoffs would deepen and wages would be further stagnant. Also, anyone with a 401K, IRA, or pension benefits from high stock prices.

But it is divorced from the economy in a lot of ways. Stock prices are more speculative, right now they're rising because an adult is about to take over and he's announced adult economic picks too. This will allow businesses more capital and a better chance to recover from this recession.

The investor class has things rigged in their favor though, stock prices are just a small part of that.

[marmar]

4. Probably betting that the terrible job report increases the chance of a stimulus.