U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%

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  • เผยแพร่เมื่อ 2 พ.ค. 2024
  • CNBC's Rick Santelli joins 'Squawk Box' to break down the April jobs report.

ความคิดเห็น • 102

  • @corneliusjones7183
    @corneliusjones7183 14 วันที่ผ่านมา +9

    😂 these people saying spewing all this BS nobody understands. Newsflash, report how many small businesses couldn't pay rent on their buildings. Report how many people have to work two and three jobs to stay above water.

    • @edwardcuevas6974
      @edwardcuevas6974 11 วันที่ผ่านมา +1

      People understand alright. They know it's BS and what the talking heads say doesn't really matter.

  • @The-Capitalist
    @The-Capitalist 14 วันที่ผ่านมา +5

    The yield curve never lies!!!! Hard landing it is! I’ve been saying this since 2022!

    • @goodlux777
      @goodlux777 13 วันที่ผ่านมา

      but when

    • @The-Capitalist
      @The-Capitalist 13 วันที่ผ่านมา +1

      @@goodlux777 We usually see a bottom in the stock market 3-18 months after the first rate cut.

    • @Ro-nu7vv
      @Ro-nu7vv 13 วันที่ผ่านมา +1

      @@The-Capitalist18 months … mean May 2024 or September October like 2008 maybe ?

    • @The-Capitalist
      @The-Capitalist 13 วันที่ผ่านมา

      @@Ro-nu7vv There is no way the stock market bottom will be May 2024. In 2000 it took around 450 days from the First FED cut to bottom and 375 days in 2008. The world isn’t shutting down like COVID where it took just a month to bottom in 2020. This will be similar to the GFC and Dot Com Bust.

    • @The-Capitalist
      @The-Capitalist 13 วันที่ผ่านมา

      @@Ro-nu7vv The market will use bad news a good news for a while yet, front running the FED. There is plenty of room to run before we start to descent.

  • @RestlessAmbitions
    @RestlessAmbitions 14 วันที่ผ่านมา +7

    Labor Force Participation Rate is 62% which makes it hilarious to suggest "unemployment" is 3.9%.
    The truth of that number is basically 40% (probably even more) of the United States do not work, cannot find work.
    End of Story.

    • @The-Capitalist
      @The-Capitalist 14 วันที่ผ่านมา +3

      They say that the natural unemployment rate is around 24%. Worse than 2008!

    • @RestlessAmbitions
      @RestlessAmbitions 14 วันที่ผ่านมา

      @@The-Capitalist That sounds more realistic, and another arbitrary % would prefer to work in some other role.
      Contracting, part time, gig work, misfit roles, low pay, work environment issues, etc.

    • @carmencajayon937
      @carmencajayon937 11 วันที่ผ่านมา

      By Definition: The Labor Force P.R. listed at 62% is for All US at age 15 and Older (Canada is 65.4% which is 3.4% higher than in USA); but there are Citizens who are older 65 and Retired (Out of Workforce)... In other words:
      To Limit to age Group of 15-64 will change Percentage higher to 74% for USA, and 79.8% for Canada; and in this Group Japan has the Highest among G7 standing at 80.6%; only behind Non-G7 like Swiss 83.1% and Sweden 83.4% and highest is Iceland = 86.6%.
      Regards,
      (Note: This is Rated and Data by OECD. )

  • @sewnsew6770
    @sewnsew6770 14 วันที่ผ่านมา +6

    Tech job market is bad at least from the message boards
    But everyone saying Goldilocks

  • @Alpharizzchad
    @Alpharizzchad 11 วันที่ผ่านมา

    Market is getting normal Stocks up Interest rates down. Price still high.But this is the New normal. Get use to it

  • @arnoldbailey7550
    @arnoldbailey7550 11 วันที่ผ่านมา

    The US report demonstrates 3.9% unemployment; here is the problem:
    Welfare recipients currently: 18%
    Homeless currently: 7.4%
    Actual unemployment is between 7.4%
    and 18%
    If you are going to look at joblessness, let's use reality.

  • @stevep927
    @stevep927 8 วันที่ผ่านมา

    Anyone ever notice all of the good economic news under Trump was "unexpected" while all the bad news under Joey has also been "unexpected"

  • @Josh-hq6eb
    @Josh-hq6eb 13 วันที่ผ่านมา

    Another round of missleading unemployment statistics to add to the pile.

  • @Hunter77567
    @Hunter77567 13 วันที่ผ่านมา

    Next month job growth we took all low wage jobs that were 28 hours and made 2 jobs at 14 hours each oh and it will pay less then previously.
    We should all be so grateful we might get a home depot shed behind our parents house with a extension cord. Though this will likely be the New American dream the way this is going.

  • @AH-fm7rj
    @AH-fm7rj 14 วันที่ผ่านมา +2

    Last chance to lock in some money on long dated high rate bonds. The next cycle will be in 30 years, especially with all the AI and robotic dis inflationary effects.

    • @goodlux777
      @goodlux777 13 วันที่ผ่านมา

      zero coupon maybe?

  • @jamesgarner9597
    @jamesgarner9597 14 วันที่ผ่านมา +98

    Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, I’ve made huge figures from trading regardless of the market conditions😊

    • @William.Jones01
      @William.Jones01 14 วันที่ผ่านมา

      YES!!! That’s exactly her name (Lorelei Elizabeth John) so many people have recommended highly about her e from Brisbane Australia…🇦🇺

    • @freddemetrius2579
      @freddemetrius2579 14 วันที่ผ่านมา

      She is my family’ personal Broker and also a personal Broker to many families in the United States, she is a licensed broker and a FINRA AGENT in the United States.

    • @paulwilliams4514
      @paulwilliams4514 14 วันที่ผ่านมา

      If you don't want to crash and burn, you should seek the advice of a fiduciary counselor when you first start out. Because their entire skill set is based on going long and short at the same time, they employ a profit-driven strategy based on individual risk tolerance.

    • @Didier-lafrate
      @Didier-lafrate 14 วันที่ผ่านมา

      This sounds so good and I would like to be a party to this, is there any way I can speak with her?

    • @anesthesiawilliams4620
      @anesthesiawilliams4620 14 วันที่ผ่านมา

      Sure! She interacts on what 's Apk using the digit below 👇

  • @ipman2754
    @ipman2754 13 วันที่ผ่านมา

    All part time jobs , like me i got 4 jobs now 😂😂😂 .

  • @jonwong1692
    @jonwong1692 14 วันที่ผ่านมา +12

    Here we go!

  • @skylerk55
    @skylerk55 14 วันที่ผ่านมา

    We live in a world where the stock market is going up on bad economic news. 😅 it's broken people

  • @InnocentCardGame-sz2be
    @InnocentCardGame-sz2be 14 วันที่ผ่านมา

    Btc gonna test $4k again in few years

    • @R3tr0v1ru5
      @R3tr0v1ru5 11 วันที่ผ่านมา

      More like 400k

  • @maximum01video
    @maximum01video 13 วันที่ผ่านมา

    Democrats moto: Believe what you hear from our lips, not what you see with your own eyes. When all the 99 cent stores close, there will be thousands of unemployed Americans!!!

  • @Dematsa
    @Dematsa 14 วันที่ผ่านมา

  • @MatthewMS.
    @MatthewMS. 14 วันที่ผ่านมา +4

    No one reads an economic report better than Rick Santelli. 🇺🇸📈 Finally something to appease Papa JP 😅

  • @honkhonkler7732
    @honkhonkler7732 14 วันที่ผ่านมา +2

    Just as predicted, now let's see if inflation is higher than expected despite the slowdown.

  • @William1866
    @William1866 14 วันที่ผ่านมา +13

    Little people losing their jobs is so wonderful for the investment class.

    • @jordana.f.4422
      @jordana.f.4422 14 วันที่ผ่านมา +4

      We have a seriously sick system.

    • @sdkfz2519
      @sdkfz2519 14 วันที่ผ่านมา

      "Little people" have record low unemployment and record high income. Some people are never satisfied *like you!

    • @niklas4031
      @niklas4031 14 วันที่ผ่านมา

      @@sdkfz2519clown

  • @erichvonmolder9310
    @erichvonmolder9310 14 วันที่ผ่านมา +1

    That was a heck of a drop though in employment, which is something to look at in May's Report. May's Report will be key in a month, I think it will be like this number in my non-expert opinion. Biden can't run on this number and 45 will be all over this.

    • @The-Capitalist
      @The-Capitalist 14 วันที่ผ่านมา

      The FED has been cooking the books for months.

    • @erichvonmolder9310
      @erichvonmolder9310 14 วันที่ผ่านมา

      @@The-Capitalist , If you think so, what are you going to do about it? Nothing, but just post your displeasure.

    • @The-Capitalist
      @The-Capitalist 14 วันที่ผ่านมา

      @@erichvonmolder9310 I started selling multiple of my rental properties in 2022 when the real estate market top was in leaning towards high cash/fixed income reserves. It’ll be an about a 1-3 year cycle where I’ll scoop up 5-10 more homes for a fraction of what I sold them for. (8% decline in prices across the nation already). I’ve also made some big investments in TLT/TMF the last 2 days as it looks like the bottom is in for a whole. I’ve been preparing ever since the yield curve inverted as I did the same in 2007 and 2000.

  • @dougmanzo9648
    @dougmanzo9648 14 วันที่ผ่านมา +6

    Rate cuts!

    • @zanebea3437
      @zanebea3437 14 วันที่ผ่านมา +2

      Inflation with stir up again, they can’t, lol it’s actually funny knowing I have little assets because of my age and yet it’s all gunna come falling apart!

    • @dougmanzo9648
      @dougmanzo9648 14 วันที่ผ่านมา

      @@zanebea3437 wonder if there was always going to be cuts they just needed a little something to justify it? Inflation is definitely coming back. Spending from Infrastructure bill hasn’t even starting yet.

    • @ssuwandi3240
      @ssuwandi3240 14 วันที่ผ่านมา +1

      Powell is definitely between rock and rock there's only one date left before July

    • @peterdangelo5882
      @peterdangelo5882 14 วันที่ผ่านมา +1

      @@zanebea3437 Yeah, they have a real problem now - cutting is not in the cards

    • @oneyedman443
      @oneyedman443 14 วันที่ผ่านมา

      Buy bitcoin. Buy IBIT. Then buy more. Hold. Repeat.

  • @jalilmuhammad7180
    @jalilmuhammad7180 14 วันที่ผ่านมา

    caught a body on you AK.

  • @Watcher1-jr5lo
    @Watcher1-jr5lo 14 วันที่ผ่านมา +14

    Imagine that, cuts just in time for the election.

  • @69pepe420
    @69pepe420 14 วันที่ผ่านมา +3

    Cut cut cut

  • @LumenMichaelOne
    @LumenMichaelOne 14 วันที่ผ่านมา

    I was pretty convinced. July is On-The-Table ... Big-Time!

  • @jimbojimbo6873
    @jimbojimbo6873 14 วันที่ผ่านมา +9

    This is getting boring now can you raise interest rates already and have this problem over with

    • @honkhonkler7732
      @honkhonkler7732 14 วันที่ผ่านมา

      Bingo

    • @Doty6String
      @Doty6String 14 วันที่ผ่านมา +3

      Or just leave it here for another 10 years. Don’t understand why they think 0 should be the norm.

    • @karmasutra4774
      @karmasutra4774 14 วันที่ผ่านมา +1

      Honestly, leaving it here as the norm would be best, but home prices should calm down overall. We need starter homes and also for the larger elderly population something to downsize to ..

    • @Doty6String
      @Doty6String 14 วันที่ผ่านมา

      @@karmasutra4774 they wont build if there isnt a profit to be made...its a catch22

  • @user-mx9tu9xd1b
    @user-mx9tu9xd1b 12 วันที่ผ่านมา

    Bidenomics

  • @Anthony-dj4nd
    @Anthony-dj4nd 14 วันที่ผ่านมา +1

    Dun, Dun.....Dun!!!👀

  • @mike7721
    @mike7721 14 วันที่ผ่านมา +7

    Hourly earnings went down..... INFLATION is at its highest since DEMENTIA JOE became president 😢😢😢😢😢

    • @palmshoot
      @palmshoot 14 วันที่ผ่านมา

      Inflation is global.

    • @shawnpmorgan
      @shawnpmorgan 14 วันที่ผ่านมา

      What are you talking about? Inflation is under 3%...

    • @mike7721
      @mike7721 14 วันที่ผ่านมา

      @@shawnpmorgan Look it up. Inflation is over 18% since DEMENTIA JOE became president.

    • @mike7721
      @mike7721 14 วันที่ผ่านมา

      @@palmshoot Not in my pocket book. It's here in the USA. Global doesn't matter.

    • @palmshoot
      @palmshoot 13 วันที่ผ่านมา

      @@mike7721 You can always reskill. Since the economy is globalized, other places do matter.

  • @2023gainer
    @2023gainer 14 วันที่ผ่านมา

    The EV sector still adding more vehicles in 2024 over 2023. FSRN up 5 % Fri ..158 % month. Fisker. The Leader for Gains EV sector in April. Ocean Suv EVs Increasing dealerships to 24. Joby Evtol Jets... Archer Evtol Jets... Polestar... Xos Trucks, more.