The US economy recorded a sharp fall in job creation in August,...................

[riversedge]

I suppose as long as the stock market is going grand, all is honky dory!! NOT
People live paycheck to paycheck. I have been reading some stories of the people who are in shelters in Houston. Most can not or could not afford a hotel room to a few nights--said maybe for 2 or 3 nights but that was it. They had no reserves, they were working --vast majority, but now many did not even have jobs to go back to.
`



Workers at the Hollywood Bed Frame Company factory in Commerce, California. The US created just 156,000 jobs in August. Photograph: Robyn Beck/AFP/Getty Images


https://www.theguardian.com/business/2017/sep/01/us-jobs-growth-unemployment-tropical-storm-harvey
Friday 1 September 2017 10.09 EDT



Last modified on Friday 1 September 2017 17.00 EDT
raising questions over whether the Federal Reserve will raise interest rates before the end of the year.

Economists had expected the US to add about 180,000 jobs over the month. But the latest figures from the Bureau of Labor Statistics showed a marked slowdown on the previous month, with a rise of 156,000 jobs. The figure for July was revised down to 189,000 from an initial 209,000, while for June number was reduced from 231,000 to 210,000, compounding the weaker picture.

The figures made for disappointing reading for Donald Trump, who hasput jobs and wage growth among the top priorities for his administration. There was a modest rise in the unemployment rate from 4.3% to 4.4%, as the number of unemployed people in the US economy stood at 7.1 million.

...........................

The August jobs report showed the rate of growth in US employment to be below the average of 176,000 per month so far this year – the average gain in 2016 was 187,000. The services sector had the weakest growth, as employment increased by only 95,000, little more than half the size of gains made in recent months.

...................................................
With a weaker outlook for employment, the August jobs report adds an additional problem for the Federal Reserve to consider as it weighs a further interest rate rise before the end of the year. There are still some expectations for an increase in December, although a slowing jobs market, the fallout from Harvey and low levels of inflation could build a case for maintaing the status quo. ......................

[Demsrule86]

1. Hubs is out of work. He is a quality engineer and has had some interests. Three

interviews in the next seven days with possibly more the week after (had phone interviews already).

[Cosmocat]

2. There was going to be a slowdown regardless

Just the cyclical nature of things.

But, the childish impetuousness of conservatives led to a final sugar high when 45 won.

They have been doing victory laps giving credit for positive economic news to how awesome the grifter in chief is, we are now going to experience the mind numbing array of hair brained rationales for how the bad numbers are BHOs fault, how poor 45 is a victim because of Harvey, etc.

[Vinca]

3. I'm sure it's Obama's fault.

[Igel]

7. Wouldn't be surprised if some said so.

People were still saying in July that the "great" numbers were "thanks, Obama."

It goes like this. If your guy wins office, the outgoing president's responsible for everything bad for the next year anyway, while your guy is responsible for all the good.

Had a roommate who claimed 9 months into a new president's term that a recovery that started 2 months before his election was due to the new prez and his stimulus package, the first money of which hadn't yet be spent.

Saw people claiming that a a recession that started 10 days after a new president's inauguration, while he was still trying to identify the key to the bathroom, was entirely the new guy's fault, and we had to completely ignore the stock crashes and leading indicators that had gone on the the previous 9 months.

So, yeah, it's Obama's fault, something we'll deny; or the good news (if it had been good news) would have been proudly claimed on behalf of "our president". Both with the same degree of accuracy. Trump's not done much and presidential-level tweaking of the economy's marginal without Congress.

[malaise]

4. That is 'fake news'

so Groper Don the Con will not be responding.

[Achilleaze]

5. Thanks republicans

Americans are sick of republican fail.

[maxrandb]

6. Apparently NOT!

Since they fucking control all branches of the federal government and a large majority of State houses and governorships.

Meanwhile, Democrats argue over who is the most "pure".

This country is truly fucked if we don't start winning some fucking elections.

Any fucking American who doesn't vote for Democrats... even if the only fucking reason is to stop the Retrumplicans needs to get the hell out of my country today!!!

This is nothing but war for the future of our country now.

[Wounded Bear]

8. Isn't a dip this time of year normal?

August, kids quit summer jobs and go back to school. Shit like that.

Fact is, of course, that any trends Trump points to are nearly straight line projections of the Obama numbers. He hasn't really bent the curve one way or the other yet.

For all of the complaints about the slowness of growth, the Obama recovery lasted longer than most do, with 7 years of uninterrupted job growth. Yeah, we're "due" for a down turn, I'm a bit surprised it has lasted this long into this misadministration.