North American economy in retreat

Interesting article, too bad many people are refusing to see the positive.

As the Chinese economy deflates, American industry is looking less hollow. America has had a net gain of 530,000 manufacturing jobs since January 2017.

The American economy, especially in the Midwest, is kind of like that. Many of those places have experienced economic decline, but governments and people have shifted and adapted, and they are bouncing back.

The second lesson I draw is that Bidenomics is working — big time. President Biden promised to help America outcompete authoritarian China and to heal some of the economic divides at home. Both those goals are being achieved.

I know many of you think Biden is too old, but I’d vote for a 100-year-old who could keep delivering results like that.

www.nytimes.com/2023/09/07/opinion/econo...OsfAw&smid=url-share

And the winner is Gambler

U.S. hiring accelerated in May as employers added a booming 339,000 jobs and the labor market continued to shrug off high interest rates and persistent inflation.

I am with gambler and go 255k, I think numbers out at 8.30, very soon we will see

Remember these numbers can be adjusted or some would say manipulated. Maybe they come in with a low number so they can pause rate hikes. I guess 175k

I will go with 265k, the job market still looks strong. Post covid hiring still in high gear

Analysts have estimated that hiring slowed to a still-healthy pace of 190,000 added jobs last month, according to a survey by the data provider FactSet. That would mark a decline from the robust 253,000 jobs that were gained in April and would fall below the average for the previous three months of about 220,000. The unemployment rate is projected to rise slightly to 3.5% from a five-decade low of 3.4%.

I am guessing 225k, anyone else

My guess 250k

Jobs numbers tomorrow
The consensus estimate is for nonfarm payroll to increase 239K in March vs. +311K in February, with unemployment rate unchanged at 3.6%.

I go with 170k. The Fed needs a low number so they will make one

Wow employers added a booming 517,000 jobs in January as hiring unexpectedly surged despite high inflation, rising interest rates and the prospect of a weakening economy.

The unemployment rate fell from 3.5% to 3.4%, lowest since 1969, the Labor Department said Friday.

Economists surveyed by Bloomberg had forecast 185,000 job gain.

This gives the Fed a lot more room to raise rates

alex, good point. I think the markets will eventually buckle because The Fed will probably take rates to high and we get a hard landing. You can see the layoff notices rising

It's Fed day and 1/2 point expected. I think what Powell says at 2.30 might rattle markets

U.S. adds 263,000 jobs in November - beating economist expectations of 200,000 - and unemployment stays at 3.7%