dChan
Anonymous ID: 61bc09 Dec. 6, 2019, 6:07 a.m. No.7439051   🗄️.is đź”—kun   >>9091 >>9410 >>9612 >>9681 >>9721

>>7439006

 

November Employment Report: 266,000 Jobs Added, 3.5% Unemployment Rate

Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional and technical services. Employment rose in manufacturing, reflecting the return of workers from a strike.

…

The change in total nonfarm payroll employment for September was revised up by 13,000 from +180,000 to +193,000, and the change for October was revised up by 28,000 from +128,000 to +156,000. With these revisions, employment gains in September and October combined were 41,000 more than previously reported.

…

In November, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents to $28.29. Over the last 12 months, average hourly earnings have increased by 3.1 percent. The first cap shows the monthly change in payroll jobs, ex-Census (meaning the impact of the decennial Census temporary hires and layoffs is removed - mostly in 2010 - to show the underlying payroll changes). Total payrolls increased by 266 thousand in November (private payrolls increased 254 thousand).

 

Payrolls for September and October were revised up 41 thousand combined.

The Labor Force Participation Rate decreased in November to 63.2%. This is the percentage of the working age population in the labor force. A large portion of the recent decline in the participation rate is due to demographics and long term trends.

https://www.calculatedriskblog.com/2019/12/november-employment-report-266000-jobs.html

Anonymous ID: 61bc09 Dec. 6, 2019, 6:55 a.m. No.7439310   🗄️.is đź”—kun   >>9410 >>9681 >>9721

Fears grow about Sydney after Australia fires merge into giant blaze

 

SYDNEY (Reuters) - Bushfires fanned by winds combined into a single giant blaze north of Sydney late on Friday, blanketing Australia’s biggest city in hazardous smoke, causing weekend sports games to be cancelled and prompting calls for outdoor workers to stay home. Wildfire has killed at least four people and destroyed more than 680 homes across eastern Australia since the start of November, months earlier than the usual summer bushfire season, with the authorities blaming an extended drought, strong wind and suspected arson.

 

Smoke and flying ash has lingered over Sydney for most of the past week, turning the daytime sky orange, obscuring visibility and prompting commuters to wear breathing masks. Satellite images spread on social media showed the smoke spreading across the Tasman Sea to New Zealand, 2,000 kilometres (1,240 miles) away.

 

“The massive #NSW fires are in some cases just too big to put out at the moment,” wrote the Australian Bureau of Meteorology in a post on its official Twitter account.

 

Sydney is the capital city in New South Wales state.

 

The New South Wales Rural Fire Service (RFS) said in a tweet that “a number of fires in the Hawkesbury, Hunter and Central Coast areas have now joined”. The tweet included a map showing 10 separate fires connecting about 50 kilometres north of metropolitan Sydney.

 

The total area burnt by those fires was around 335,000 hectares, or 830,000 acres, the RFS added.

 

RFS Commissioner Shane Fitzsimmons said authorities were particularly concerned the fires may spread east.

https://uk.reuters.com/article/uk-australia-bushfires/fears-grow-about-sydney-after-australia-fires-merge-into-giant-blaze-idUKKBN1YA0AT

stay safe NSW ausfags.

Anonymous ID: 61bc09 Dec. 6, 2019, 7:48 a.m. No.7439612   🗄️.is đź”—kun   >>9681 >>9721

>>7439006, >>7439051, >>7439320 U.S. Economy Added 266,000 Jobs in November

 

These #'s have always been a slippery slope, have said for long time in here these are not a real gauge of activity. They use rolling averages over a period of 10 years time. Clinton and both bush admins changed how these are collected, massaged and disseminated. They are imperfect at best. POTUS has to go with it as it's the system they created so they won't criticize it.

 

See here for a better read of what is actually going on.

http://www.shadowstats.com/

 

Here Is The Main Reason For Today's Blockbuster Jobs Report

 

Following a disastrous ADP print just two days ago, which showed that the US economy added just the second fewest number of private payrolls since March 2010, and a sellside "whisper" number that was about half the consensus expectation of 183K, moments ago the BLS reported a blockbuster jobs report, according to which the US economy added 266K jobs (according to the establishment survey), the biggest monthly increase since January, and a near record divergence with what ADP indicated. So besides the one-time surge in manufacturing workers, where else did the jobs come from? Well, as the chart below shows, excluding a drop of 7K miners and 4.3K wholesale traders, every single job category was positive in November, as follows:

 

  • As has been the case for much of the past decade, in November the biggest job gains came from health care, which added 45,000 jobs, following little employment change in October (+12,000). The November job gains occurred in ambulatory health care services (+34,000) and in hospitals (+10,000).

  • Employment in professional and technical services increased by 31,000 in November; this included 4.8K new temp jobs.

  • As noted above, manufacturing employment rose by 54,000 in November, following a decline of 43,000 in the prior month. Within manufacturing, employment in motor vehicles and parts was up by 41,000 in November, reflecting the return of GM workers who were on strike in October.

  • In November, employment in leisure and hospitality continued to trend up (+45,000).

  • Employment in transportation and warehousing continued on an upward trend in November (+16,000). Within the industry, job gains occurred in warehousing and storage (+8,000) and in couriers and messengers (+5,000).

  • Financial activities employment also continued to trend up in November (+13,000), with a gain of 7,000 in credit intermediation and related activities.

  • Mining lost jobs in November (-7,000), largely in support activities for mining (-6,000). Mining employment is down by 19,000 since a recent peak in May.

  • In November, employment in retail trade was about unchanged (+2,000). Within the industry, employment rose in general merchandise stores (+22,000) and in motor vehicle and parts dealers (+8,000), while clothing and clothing accessories stores lost jobs (-18,000).

  • Employment in other major industries–including construction, wholesale trade, information, and government–showed little change over the month.

 

Finally, lets not forget the "food services and drinking places" jobs: the relentless dynamo driving the US jobs market. Since February 2010, there have been just 5 months in 117 in which the number of waiters and bartenders in the US has posted a monthly decline, and November was no different.

https://www.zerohedge.com/economics/here-main-reason-todays-blockbuster-jobs-report