Unemployment rate creeps up as economy adds 206K jobs
ฝัง
- เผยแพร่เมื่อ 4 ก.ค. 2024
- ‘Mornings with Maria’ panelists provide a professional break down of June’s highly anticipated jobs report.
Subscribe to Fox Business! bit.ly/2D9Cdse
Watch more Fox Business Video: video.foxbusiness.com
Watch Fox Business Network Live: www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York - the business capital of the world - FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
Follow Fox Business on Facebook: / foxbusiness
Follow Fox Business on Twitter: / foxbusiness
Follow Fox Business on Instagram: / foxbusiness
Fast food jobs if you can find them. My neighbor just got hours cut at a boat building factory. People cannot afford extra things and more businesses closing. Get rid of 10 million illegals then plenty of jobs.
Complex topic. Immigration filling job numbers is pushing stock market up. You can’t have cherry and whip cream on ice cream bc if you take away immigration effect on job stability you lose market growth and likely have epic destabilization of Dow Jones
More like 18+ million
California just dropped a ton of fast food jobs because of the $20 law.
Trump said Wednesday in an interview with CNN’s Dana Bash that as president he would deport all undocumented immigrants and then allow the “good ones” to reenter the country through an “expedited process” and live in the U.S. legally, though not as citizens.
Trump’s immigration plan: Deport the undocumented, ‘legal status’ for some
this was from a interview with CNN on July 29, 2015
what do you think this is called??? A IMMIGRATION ACT
I've got many 6 figure jobs I can't fill.
The jobs number reported is a joke,
When we are losing big retailers
Like Walmart, sear, John Deere &
Others we know the economy is bad.
Sears Robuck and Co. has been phase out from US employer for at least 30 years!
@@johnmadow5331 - Don't know the original poster, but think he meant SEER, the HVAC mfg co.
Overall its up. Just because your local walmart and sears closed doesn't mean the entire country is down.
my Walmart is booming actually, your anecdotal experience is not the national experience
The biggest highest paying company in my county just announced big lay off coming at the end of the month
Well, we're living here in Allentown.
And they're closing all the factories down.
Out in Bethlehem they're killing time.
Filling out forms, standing in line.
And the WH will say all is going great.
70k government jobs. They should not be included in the jobs report. You're paying their wages. You pay them, they buy things and they say it boost the economy, no, it doesn't. You should keep your money and you can boost the economy. Goverment jobs do nothing but spend your money and your taxes keep creeping to pay for an over inflated government.
Those are typically the most stable jobs, and they are usually all midsle class jobs that you can raise a family on
Government jobs as in jobs created by Biden's infrastructure bill and the chips act. Now you know.
Adding a lot of government jobs reminds me of what Ronald Regan said, "We don't have inflation because the people are living too well. We have inflation because the government is living too well."
The quote about government not being the solution, but
the problem. How did an actor come up with those iconic
quotes. He knew politics. Some would disagree of course,
as with any President.
They do this EVERYTIME. They put the numbers out, then "adjust" them when nobody is paying attention.
Only applies to those who don't watch what the Govt does. All the numbers are bogus even the revised numbers.
Yeah last month was revised down by 100k. Plus you need to add 200k a month to just keep up with population growth
@@rapsheets4993 lol! That was no growth brother, it was more like
a boom!!
MAGA Aholes love bad news!!!
You are right. This has been happening for past 40 years not just during Biden administration
206,000 jobs that will support 70,000 workers. ~ Bidenomics.
Exactly. Jobs numbers and employment rate are worthless and misleading statistics. Furthermore, a very large % of the new jobs are unnecessary government jobs meant to inflate the numbers.
@@xsl1c343 - That is exactly what I was going to say. The report last month, not today's, had a break down of categories but without individual job names. The top category was govt jobs at 57% of the total. The 2nd highest was HCI (health care industry). And it is collapsing because of too many doctors/nurses/billing clerks and not enough sick people to give them jobs. Reckon the promotion of annual covid vaccines has anything to do with job creation for them????
@@RanleighWylde and the the the numbers are always downgraded by a lot when the final data comes in. How anyone can defend Biden and his presidency is beyond comprehension.
Politicians don't create jobs. Only entrepreneurs do. If you don't like it then go start a businesses.
@@RanleighWylde MAGA Aholes love bad news!!!
The jobs "added" is a lie. Does anyone know how difficult it really is in 2024 to find a job? Very
It’s not hard to find a job it’s definitely a competitive but it doesn’t mean it’s not there. My family’s business added at least 159 employees in June and we’re growing.
Government jobs are a tax.
the BIDEN FY2025 budget would add $4.9 TRILLION in new taxes on American families and producers ^^ source HOUSE BUDGET COMMITTEE
@@jryecart8017
Could you please provide a source for that? Cheers.
@@richardwendt9266 HOUSE BUDGET COMMITTEE
@@richardwendt9266 $4.9 trillion in new taxes on American families and producers.
$86.6 trillion in spending over 10 years.
$120 billion in new taxes on American energy producers.
$900 million to expand the EPA.
$11 billion for Biden’s commitment to “international climate finance”.
$4.4 billion for the Department of Homeland Security’s “climate resilience programs”.
$8 billion in mandatory funding for AmeriCorps’ American Climate Corps (ACC) initiative to support an additional 50,000 ACC members annually by 2031 to “mobilize a new, diverse generation of… climate resilience workers.” ^^^ source, BUDGET COMMITTEE
@@jryecart8017
**SCREAMS NAME AS PROOF, WITHOUT CITING ACTUAL EVIDENCE IN CAPS LOCK.**
Why are so many businesses closing?? Deere is sending mfg to Mexico. What are these alleged "jobs"???
In Joe's pants💦💦💦💦💦💩
Panhandling in New York seems to be pretty healthy for their economy not to mention the crime industry is at all time high with maximum benefits for Democrats. Lmao. Trump 2024!
Actually, 'businesses closing' have been outpaced by new businesses opening up. Fox is just lying to you.
It will be revised and most of them were government jobs
Revised down. Biden is clueless and fires no one.
Donald Trump will cut those bloated government jobs on day one.
No, he wont appoint anyone to key positions. He's lazy, and not a politician, so he doesn't know people, he didn't last time either. And given his atrocious track record with employees, few qualified people will fill any positions. Don't believe me? Ask yourself why nearly every person he appointed or was an "advisor" has run afoul of the law, got fined, indicted, served time, quit, resigned, or got fired. Who are Trumps' actual friends? His business associates? Why are his lawyers on a revolving door policy? Trump believes he can run the country by himself.
@@keithbarnhart6952how to say I'm an idiot without coming out and saying I'm an idiot😂😂😂😂😂😂
@@johnbrinkman4609
He is right though. For the first few years, US embassies around the world went unstaffed as Trump just fired all the Obama appointees, and never replaced them. Hell, Trump could barely staff the white house. There was a major issue where presidents around the world tried to contact the WH, no-one answered the phones.
@@keithbarnhart6952
He has the Heritage Foundation and Project 2025 will happily put yes men in place for Trump.
@@richardwendt9266 wat issue? 😵💫😵💫😵💫😵💫😵💫😵💫
Thank Joe for the low-paying part-time jobs for foreigners
DUMP will let them stay
like MAGA Reagan did 1986 immigration act
Trump said Wednesday in an interview with CNN’s Dana Bash that as president he would deport all undocumented immigrants and then allow the “good ones” to reenter the country through an “expedited process” and live in the U.S. legally, though not as citizens.
Trump’s immigration plan: Deport the undocumented, ‘legal status’ for some
this was from a interview with CNN on July 29, 2015
what do you think this is called??? A IMMIGRATION ACT
lol. Politicians don't create jobs. Only entrepreneurs do. Do you know what free enterprise is? If you don't like it go start a business.
MAGA Aholes love bad news!!!
The high paying jobs are there, but a lot of people like the people in this comment section don't have the skills or education to get them, so they complain in the comments. Pull yourself up by the bootstraps as conservatives notoriously say
go get a different job then.
PRESIDENT TRUMP 2024 TO MAKE AMERICA SAFE AND SECURE OUR BORDERS AND START MASS DEPORTATIONS ON DAY ONE IN THE WHITEHOUSE!!🇺🇸❤️🎉👍
Hahahaha, you're funny!
Do you even know what would happen to our economy if we had mass deportation. A day without Mexicans would be a total disaster.
@@richardwendt9266 Four more years of Democrats' policies and America will be history, now that's real funny isn't it?
@@wiseup2517
Why? Democrat run states have far higher median household incomes, GDP per capita, real estate equity and 2.5 year longer life expectancy.
What data do you have to back up your claims, or are you brainwashed by Rupert Murdoch's media system?
@@wiseup2517get a different news source.
Jobs 4 illegals ...VOTE MAGA ❤️
@@ccya157 I have many 6 figure jobs I can't fill. There are 8 million vacant jobs in the US. Plenty of work for everyone.
Cry a river!
I don’t believe this report it’s a lie
I think the job report is not real in the US anymore. You cannot relied on this type of report anymore!
In our community UPS just closed a major hub warehouse and cut 550 full time jobs. UPS!!! Thats a horrible sign!
Where is this hub?
@ES-qu1jd Baltimore county Maryland. I was surprised by the layoffs I thought they would relocate the workers but no.
@@timothyslaughter476 Oh, ok. That's horrible. I work at a small outdated facility in MA. They aren't fixing anything or updating. I wonder if they will automate or close it down in the future.
I thank God every day that I am an American and not a Democrat
Jobs:
CLAIM: Biden stumbled over his words stating he created 15,000 jobs, before correcting himself to say 15 million, claiming that his administration saw record job creation.
FACT: The truth is that he inherited historic post-pandemic job recovery, plus the current labor force participation rate is still below pre-pandemic levels, meaning there are 2.08 million fewer Americans in the labor force when adjusting for population gains than before the pandemic.
growth healthcare
Additionally, about 50 percent of the labor market’s recent growth came from foreign-born workers between January 2023-2024.
Health Policy:
CLAIM: Biden said he “beat Medicare” (Whatever that means).
FACT: Biden is actually right here. He has “beat Medicare” by raiding the program to pay for his radical spending agenda. The truth is that the Medicare Hospital Insurance (HI) Trust Fund, out of which Part A benefits for inpatient care are paid, will be insolvent for 12 years. Medicare needs to be saved, not beat.
CLAIM: Biden boasted that he lowered drug prices, saying “It’s $15 for an insulin shot, as opposed to $400.”
FACT: The truth is that the Democrat spending plan to institute a cap on insulin will impose more government coverage mandates on private insurers. Health insurers may respond to this by shifting the cost onto their patients through higher premiums, thus decreasing affordability for patients in need of care.
Biden’s Medicare drug price controls also stifle American competition and jeopardize the creation of new essential cures. ^^^ source, BUDGET COMMITTEE
Tell that to the conservatives in the ground from covid.
@@WELVAS. Your one of those huh? You still wearing a mask?
@@WELVAS. since ya got no facts, NO NEED to "tell" - - - The American taxpayer should not be on the hook for hundreds of billions of dollars imposed by radical policies to create an artificial market for something very few want or can even afford. Biden’s Fiscal Year 2025 (FY25) budget is filled with even more spending and taxing that would harm Americans:
$4.9 trillion in new taxes on American families and producers.
$86.6 trillion in spending over 10 years.
$120 billion in new taxes on American energy producers.
$900 million to expand the EPA.
$11 billion for President Biden’s commitment to “international climate finance”.
$4.4 billion for the Department of Homeland Security’s “climate resilience programs”.
$8 billion in mandatory funding for AmeriCorps’ American Climate Corps (ACC) initiative to support an additional 50,000 ACC members annually by 2031 to “mobilize a new, diverse generation of… climate resilience workers.”
@@zachariahbarber5794Saying that after your original comment is comical. Nope not wearing a mask :) Are you still screaming at the sky that there are no jobs? 8 million+ unfilled positions, lots high paying, but a lot of conservatives are lacking skills and education for those jobs, including trade jobs apparently.
Government jobs which also create inflation.
See Milton Freedman for an explanation.
Right... Also check out Sigmund Freud for an explanation on "coping mechanism".
@@conr2141 “Our guy destroyed the economy, cope”
You are insane
@@user-zu2jo7zz4d by what metric is the economy "destroyed" and how can it be causally attributed to Biden? .. Enlighten me pls.. or do you just grunt and make noises?
@@conr2141And you think Biden's Inflation Reduction Act really reduced inflation? Otherwise, why are prices going up?
@@rtquest22
Yes it did. Inflation is dropping.
Don't forget, Inlfation started under Trump... Why do you guys give Trump a free pass on that?
204k burger flinger jobs? No skilled trades?
Joe's numbers are as reliable as his walking 😂😂😂😂
Its not the rate that creeps, its the clock that ticky tocky ticks
In other words, Joke Bidet’s administration has absolutely no idea what they’re doing
Biden's only 'success' is the dëŝťŗůĉťī0ņ of America!
I guess immigrants are getting jobs 😢
Illegals
This entire country 136k private sector???? Talk about low expectations. All joey provides is government welfare jobs! Unsustainable adds to deficit!!
Those illegal immigrants are really helping
Did you know that the US ranks 54th in the world for % of non-citizen residents, inclduding illegal immigrants.
@@richardwendt9266 I hope that you have a good job and pay taxes to cover for the 13 million illegal immigrants who entered since Joe Biden and his clown show administration took over.
@@richardwendt9266fake stats no one is buying it
Send the trash felons back...
MAGA Aholes love bad news!!!
Soo many ppl are getting laid off!! My gosh, there are HUNDREDS of applicants for one job posting on the online job boards!
The statistics are so incredibly skewed when it comes to job growth and unemployment rates. It's easy to claim growth when people are only accounted for that are using the unemployment programs. Who as well can only take advantage of it for approximately 3 to 6 months depending on the state.
Often they claim those who no longer receive unemployment have gotten a job when infact that is not the case and have simply exceeded the time allotted to claim.
Of course unemployment went up because college is out!
1.5 percent economic growth, is not Growth at all
It's around $450 billion.
If that's lunch money to you, I don't get why you're spending your time down here.
Get out and live. Spend some of your trillions.
I got fired from my job last Friday because of " budget cuts".
I earned $ 4 or 5 too much to even get Unemployment Compensation money.
Is Fox News hiring?
Just tell them you are an illegal and the Democrats will make sure you have housing, food and free travel anywhere around the country. American citizens aren’t that lucky. Democrats have chosen their side and it isn’t the side of Americans.
No one knows what the unemployment rate is - because no one knows what the population of the country is.
The reason, of course: _The Emperor has no brain._
June jobs are seasonal. These aren't good numbers and I believe them to be inflated.
THE TRUTH is not being told
So Trump is not a rapist and felon that want to become a dictator?
I ignore all job reports, I look at the job listings and they are evey low.
But what’s the job participation number? A lot of people I know have stopped looking for jobs and it’s not because they have a job
200k jobs for 10 million newly arrived migrants nice job joe
200k jobs spread out over 50 States is nothing.
Patriot: First jobs report?
In northern Michigan a factory had hired all illegal immigrants none of them spoke English 30 plus people huddled around speaking laughing their little language Spanish
See senior
It’s a strange world when an increase in the unemployment rate causes the stock market to actually rise.
Getting a job in 2024 is literally impossible and this is countrywide, no matter if you're in a liberal or conservative state. The country is broken at the moment and people are losing hope, both young and old
Where are these jobs???? Not seeing it in Ohio
She said we got a win when the employment rate went up. Is she against American jobs?
Bs part time summer jobs.
Employers need to be heavily fined for posting Ghost Jobs.
Politicians need to put the jobs into total annualized full salary, not just 'jobs'. This will consider value, and taking seasonal crap into consideration. Losing big jobs and adding 34 new Doordash guys doesn't cut it for me.
What type of jobs are these? Most of the corporations are fire people that makes over $100K but always these reports they show that they hire. I wonder what type of jobs are these? Are they more that 150K a year? Because in California + this inflation = you do need a job with over 150K a year.
Just don't bother joe with this news after 8pm. He is not to be disturbed after a rough day of choosing which ice cream to have
Government jobs! They're too big already... This is a fixed batch of numbers.... Part time jobs....
more lies lies lies
Unemployment is at least 6%. Probably closer to 7-9%
And it gets revised downward everytime,another whitehouse gimmick
Yes a lot of people working 2 jobs to pay the bills
and sinking fast
We need the economy to soften so inflation comes down and they see complaining?
With all the businesses shutting down.of course the unemployment is high.
Government jobs are mostly at local levels including police officers, firefighters and other officials a lot of government positions were budgeted but were going unfilled during the pandemic boom. A lot of police departments were facing recruitment issues during the pandemic which is improving.
A lot of police were facing defund the police issues thanks to democrats. That’s why you meant to say isn’t it?
Wait 2 weeks for revision, then 2 more weeks for the next revision.
Um.. summer jobs..
Jobs for people with out college education?
There’s no jobs for people with those college educated lefties. Not many jobs in African Basket Weaving and Midget gender and pronoun studies.
OFF THE BOOKS!!!!!!!
If they're saying the Unemployment number is %4.1 you know it's already %7.1.
Poor people making under $30k a year should get a U.B.I. of $1,200 a month so they can afford to pay rent and buy food.
What happened? BIDEN LIED and said he created thousand of jobs?? 😅
So fewer people are working more jobs.
🚂TRUMP🇺🇲
The added jobs are people having to get another job to be able to afford anything.
My daughter is working 2 jobs plus selling plasma. 😢
And they count your daughter as 2 jobs in their number, and then gloat about their "strong" economy. It is all for political posturing.
How many were government jobs. How many are the old Bush W low skill and pay jobs? As soon as Biden was elected, this category disappeared
Don't forget they count part time jobs that pay excrement. When someone works for 2 hours at Starbucks and then 3 hours at McDonald, the government counts 2 jobs there.
The economy is supposed to slow down. That's the point of hiking interest rates. You have to slow down growth to control inflation. That's how Volcker fixed runaway inflation in the 80s.
Just another lie, it will be revised down to negative next month.
Unemployment might be low, but it's misrepresented. The actual picture is much more dismal than it appears on paper. it doesn't take into account salary to inflation ratio which is pretty bad, so inflation has to come down and/or salaries need to go up for the current unemployment rate to show more truth than it does now. It also counts those who are working three part time jobs with low pay and no benefits as being employed.
And of course these numbers will queitly be revised to be much worse in a month or two just like most the previous job numbers.
This womans voice is alarmingly rough to be on a major news channel.
Like Biden, the economy is sleepy and needs a nap. Yeah, it's tired of carrying the president on its back.
We need trump back to set a second new deficit record, he's the deficit king.
Tells me the government is cooking the books on the jobs report.
Have you got proof of that, or are you lying?
@@richardwendt9266they don't care about facts.. If the convict was in office right now.. They would be celebrating 206k jobs and 4.1 unemployment rate
@@richardwendt9266It doesn’t take a rocket scientist to figure out that they are cooking the books. You got any proof they are not? Didn’t think so!
@@CountryBoysWillSurvive
Hahaha, they're cooking the books? Prove it!
Liar!
@@CountryBoysWillSurvive
You Trump supporters are such traitorous little liars!
Black men create legal jobs.
What are your references (links) for what you are reporting.
MAD magazine!!!
The jobs numbers are usually from "The Bureau of Labor Statistics" ... they use the exact same methodology, regardless of what admin's in power.
Will interest rates drop due to unemployment increasing?
If you tell a lie big enough and keep repeating it, people will eventually come to believe it.
The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie.
It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
P.J.G.
Orlando, FL🏝️😎
Meh, a non-story. The rate is still very low.
the real numbers will come out next week.
JSI: What are you talking about?
بسم الله الرحمن الرحيم ﴿ مَّلْعُونِينَ ۖ أَيْنَمَا ثُقِفُوا أُخِذُوا وَقُتِّلُوا تَقْتِيلًا﴾ صدق اللهالعظيم [ الأحزاب: 61]
EV sector expecting record 17 million sales in 2024. Zapp up 62 % today.. FSRNQ.. Fisker up 8 % in bankruptcy reorganization.. Polestar rising 26 % month.. Rivian up 28 % month.. Archer Evtol Jets up 25 % month, more. Strong US and global economies.
And the BS is up 250% thanks to you. Nobody believes your BS. You do know the SM booms right before a major collapse? Put all you got into the market since everything is fabulous according to you. Put it into Ford Motor Company and their EVs and you will be rich with all the EVs you are predicting will be sold. Amazing that every one else has a different view of the EV market.
YOU HAVE TO ASK ? GOV JOB = VOTE .
Government jobs created by democrats to get illegals signed up to vote in November.
How many of these jobs are created by the government? How many are low pay hamburger flippers, etc. this was very important during bush jr but just disappeared when Obama was elected. Hmmmm, never did figure out why.
well joe biden needed jobs 980,000k well sleep joe is short big time
lemme guess 100k of those in the healthcare monster and the rest some lousy hospitality jobs 😂
We won't vote on the economy or jobs. There will only be 2 things this November. A woman's right to health care and trump lies. Vote 💙
Keep thinking that while you still live in mommas basement. Either vote for illegals and terrorist supporters. Or vote for America and its citizens. Not too hard of a choice unless you are a brainwashed liberal.
I DON'T BELIEVE NOR TRUST THESE NUMBERS !!!!!
MAKE AMERICA DECENT AGAIN,
MAKE INTEGRITY The Issue... RFK In 2024…!!!
RFK believes in the great global warming scam!
My employer just laid off 6600 people. 10% of its work force. FJB!
GO JOE VOTE BLUE 💙🔵💙🔵 BEST THE THE ECONOMY LIKE ALWAYS REPUBLICANS ARE 🤡
Number are high but Fox always spin how negative things are. Gotta love that right wing wink wink
💛💛💛
Ha ha Joe Biden stays
Because we really need more people working for the Government as professional do nothings....
70,000 new government jobs! THe ultimate goal is for everyone to be employed by the government, directly or indirectly.
Is it good or bad to add jobs? Oh my, Biden added more jobs than expected, this is terrible. Does that make sense to anyone?
206,000 jobs added. President Biden is quietly getting the job done. Old or not our economy is strong.
HAAAAAAAHAHAHA.
It's not April 1st fool
Buckle in: one president nominee wants higher tariffs which will raise domestic inflation
Other president in sitting wants higher taxes .
Simply put: invest, save, pay off debt nobody is coming to save you except your own actions
I will have my cc debt paid off before 2025 gets here.. gotta expect the worst no matter who gets elected
Trump had low inflation Biden created high inflation everyone knows it