October Jobs Report: 128,000 Jobs Added, Unemployment At 3.6 Percent | Morning Joe | MSNBC

October Jobs Report: 128,000 Jobs Added, Unemployment At 3.6 Percent | Morning Joe | MSNBC


SPONSORED BY CAREER BUILDER. ♪ ♪>>WELCOME BACK TO “MORNING JOE”>>WELCOME BACK TO “MORNING JOE” ON A FRIDAY MORNING. ON A FRIDAY MORNING. BREAKING ECONOMIC NEWS NOW WITH BREAKING ECONOMIC NEWS NOW WITH THE RELEASE OF THE MONTHLY JOBS THE RELEASE OF THE MONTHLY JOBS REPORT. REPORT. LET’S BRING IN RIGHT AWAY CNBC’S LET’S BRING IN RIGHT AWAY CNBC’S DOM CHU. DOM CHU. HOW DOES IT LOOK? HOW DOES IT LOOK?>>WILLIE, WE HAVE A JOBS NUMBER>>WILLIE, WE HAVE A JOBS NUMBER THAT IS PRETTY GOOD, BETTER THAN THAT IS PRETTY GOOD, BETTER THAN EXPECTED. EXPECTED. THE NUMBER OF JOBS CREATED BY THE NUMBER OF JOBS CREATED BY THE U.S. ECONOMY IN THE MONTH OF THE U.S. ECONOMY IN THE MONTH OF OCTOBER COMES IN AT 128,000. OCTOBER COMES IN AT 128,000. THAT FAR OUTWEIGHS THE ANALYSTS’ THAT FAR OUTWEIGHS THE ANALYSTS’ ESTIMATES FOR 75,000 JOBS ESTIMATES FOR 75,000 JOBS CREATED. CREATED. WHAT IS ALSO INTERESTING IS THE WHAT IS ALSO INTERESTING IS THE PREVIOUS TWO MONTHS. PREVIOUS TWO MONTHS. IN AUGUST AND SEPTEMBER WERE IN AUGUST AND SEPTEMBER WERE REVISED HIGHER BY A TOTAL OF AN REVISED HIGHER BY A TOTAL OF AN ADDITIONAL 95,000 JOBS. ADDITIONAL 95,000 JOBS. THE UNEMPLOYMENT RATE DID TICK THE UNEMPLOYMENT RATE DID TICK SLIGHTLY HIGHER FROM 3.5% TO SLIGHTLY HIGHER FROM 3.5% TO 3.6%. 3.6%. IT WAS IN LINE WITH ANALYSTS’ IT WAS IN LINE WITH ANALYSTS’ ESTIMATES. ESTIMATES. AVERAGE HOURLY EARNINGS, WHICH AVERAGE HOURLY EARNINGS, WHICH IS A KEY METRIC PEOPLE WATCH TO IS A KEY METRIC PEOPLE WATCH TO SEE IF PEOPLE ARE MAKING MORE SEE IF PEOPLE ARE MAKING MORE MONEY, THEY MADE .2% MORE ON A MONEY, THEY MADE .2% MORE ON A MONTH OVER MONTH BASES FROM MONTH OVER MONTH BASES FROM SEPTEMBER TO OCTOBER. SEPTEMBER TO OCTOBER. THAT’S 3% MORE IN TERMS OF THAT’S 3% MORE IN TERMS OF PAYCHECK THAN AT THE SAME TIME PAYCHECK THAN AT THE SAME TIME LAST YEAR. LAST YEAR. A COUPLE OF THE BREAKDOWN A COUPLE OF THE BREAKDOWN ELEMENTS HERE JUST FOR YOUR ELEMENTS HERE JUST FOR YOUR PERUSAL, BECAUSE OF THE GM PERUSAL, BECAUSE OF THE GM SITUATION, THE STRIKE AND SITUATION, THE STRIKE AND EVERYTHING, THERE WERE A NET EVERYTHING, THERE WERE A NET 42,000 JOBS LOST IN THE AUTO AND 42,000 JOBS LOST IN THE AUTO AND AUTO PARTS INDUSTRIES. AUTO PARTS INDUSTRIES. THAT DROVE A TOTAL MANUFACTURING THAT DROVE A TOTAL MANUFACTURING INDUSTRY LOSS OVERALL. INDUSTRY LOSS OVERALL. RESTAURANTS AND BARS AND RESTAURANTS AND BARS AND HOSPITALITY WERE THE BIG GAINERS HOSPITALITY WERE THE BIG GAINERS IN TERMS OF JOBS. IN TERMS OF JOBS. THEY CREATED 48,000 OF THEM, BUT THEY CREATED 48,000 OF THEM, BUT TWO OF THE NUMBERS WE WILL LOOK TWO OF THE NUMBERS WE WILL LOOK MORE CLOSELY AT, THE LABOR FORCE MORE CLOSELY AT, THE LABOR FORCE PARTICIPATION RATE, THE NUMBER PARTICIPATION RATE, THE NUMBER OF PEOPLE WHO ARE ACTIVELY OUT OF PEOPLE WHO ARE ACTIVELY OUT THERE SEEKING JOBS ACTUALLY THERE SEEKING JOBS ACTUALLY INCREASED FROM 63.2 TO 63.3%, INCREASED FROM 63.2 TO 63.3%, WHICH MEANS MORE PEOPLE FEEL WHICH MEANS MORE PEOPLE FEEL COMFORTABLE GOING OUT THERE TO COMFORTABLE GOING OUT THERE TO LOOK FOR A JOB. LOOK FOR A JOB. THAT WAS ONE REASON WHY THE THAT WAS ONE REASON WHY THE UNEMPLOYMENT RATE MIGHT HAVE UNEMPLOYMENT RATE MIGHT HAVE SLIGHTLY TICKED HIGHER. SLIGHTLY TICKED HIGHER. ALSO, THE U6 OR THE BROADER ALSO, THE U6 OR THE BROADER MEASURE OF UNEMPLOYMENT, THOSE MEASURE OF UNEMPLOYMENT, THOSE PEOPLE WHO ARE UNEMPLOYED FOR PEOPLE WHO ARE UNEMPLOYED FOR ECONOMIC REASONS OR WORK ECONOMIC REASONS OR WORK MULTIPLE JOBS TO MAKE ENDS MEET, MULTIPLE JOBS TO MAKE ENDS MEET, THAT NUMBER DOES TICK SLIGHTLY THAT NUMBER DOES TICK SLIGHTLY HIGHER AS WELL FROM 6.9% TO 7%. HIGHER AS WELL FROM 6.9% TO 7%. BUT BROADLY SPEAKING, WILLIE, BUT BROADLY SPEAKING, WILLIE, GUYS, WHAT THIS SIGNAL IS THAT GUYS, WHAT THIS SIGNAL IS THAT THE JOB GAINS CONTINUE, ALBEIT

78 thoughts on “October Jobs Report: 128,000 Jobs Added, Unemployment At 3.6 Percent | Morning Joe | MSNBC

  • Is it the lies total disrespect of the oversight of our constitution the bankruptcies he's filed the multiple divorces that Republicans love

  • its amazing how the numbers get twisted. None of the jobs are gainful fulltime jobs. Most are for part time, zero benefits jobs that will not pay the average persons monthly bills. the people in those jobs have had to cut back and get roomates or sub let their homes to get by.

  • Looking for a second job like most Americans. Last year it was 223,000 for Oct. Yea, we are doing Great. We are going backwards😂. Unemployment ticking higher due to layoffs and companies going out of business.

  • 3.6 unemployment.
    in the richest most powerful nation on planet earth.

    "impeach the orange bad man!!! he is destroying america!!!"

  • Did those numbers reflect that these jobs are parime, and most people have to work two or three jobs to make do! Liars! Liars! Next election you will be voted out! You will be found out by your smart voters!

  • 128k added but how many lost jobs and houses due to the tardoinChief, id bet double lost jobs or had to get a 2nd or 3rd job just to get ends to meet and likely still dont make enough to live on.

  • It is ironic that all these illegal immigrants are being kicked out of America, and at the same time all these jobs are being created that pay illegal immigrant wages.

  • Ok, Dumb Butt Completely Forget, (“ Higher Job Numbers are Due to the (SEASONAL HIRING) Holidays are 2 Weeks away starting with Thanksgiving-Christmas/New Year’s”) You guys need to Work on your Reporting and State the Facts behind The NUMBERS!!!! Lame!!!

  • 128k jobs huh, what a huge number. How about 9.8 million, that's the population of Michigan alone. 327 million is the population of the united states, yet you pat yourself on the back over 128k. The city of Chicago has a population of 2.7 million, 128k is chump change to them. But keep patting yourself on the back, someone has to do it for you. Many of these jobs are taken by people who already have another part time job as well, so you can get it out of your head that these are all people that were previously unemployed.

  • Here's how this actually works: employers don't want to pay for benefits and perks. So what they do is take a single, decent full-time job and then split it into two part-time jobs. That way, they don't need to pay for things like medical coverage, unemployment insurance, etc. And after they do this dastardly deed, they say "Look, I just created a new job for America." This is what we see being reported on the news: just the raw numbers of how many individual jobs there are — with absolutely no mention of whether or not those jobs are full or part time, or whether or not they give benefits, or whether or not they offer any potential for advancement. Why do you think so many Americans are currently working two, or even three jobs, just to stay alive..? Did your parents' generation need to do that..?

  • Joey and his girlfriend were laughing yesterday,saying the economy was calapsing.lol. Morons. And before you say next month that there are less people getting employed,ITS BECAUSE EVERYONE HAS A JOB!!!! DUMBASSES.

  • Greatest economy + lowest unemployment + highest median household income = Republican Landslide 2020. God bless USA 🇺🇸🇺🇸🇺🇸

  • If only Trump could be less himself, more honest, more, uh, human… I could get behind all the Republican talk about economic growth if only Trump didn't make me feel like I'm having a stroke every time he attempts to communicate in English. Take for example, the Dunn family who he ambushed with a visit with their son's murderer. Why can't he just be a normal person once in a while?

  • If Progressives can oust Trump, slam a socialist in, get rid of self employed and small businesses, we can get past all this economic growth and employment nonsense. Social servitude is togetherness.

  • Immigration almost slowing to a halt, EMigration chugging along hard, big, big numbers in job creation and a rise in unemployment. What does that really tell us? That the economy of the vaaaaast majority of Americans are tanking, that more and more people have to work 2 and 3 jobs just to get by, and they're having to do harder work.

    Why is the overall economy "growing" in spite of this? Because predatory vulture capitalists are picking apart American worker businesses, pump n dumping them of assets. Flipping and liquidating said assets boosts the overfall abstract numbers temporarily, while the actual businesses are left as asset-drained husks and shells. Worker's pensions and insurances cut or lost, and companies that don't downright collapse, need to strip wages and large swaths of employees just to keep the lights on. And thus the worst, most destructive of the predatorial rich gets so much richer, it more than masks the collapse of the working class' economy, and the strip-mining of American workplace businesses.

  • Best Pres EVER! He's got this former Democrats Vote in 2020! Enough with the Swamp Press always a Negative spin on everything garbage! Thank you for turning me into a FULL FLEDGED TRUMP SUPPORTER! Don't know a single person that still falls for this MSM BS! Theres a FACT for ya!

  • Yeah, hey MSNBC and all you people forget that in a month the numbers will be revised downward, and there is no mention what type of jobs are being created. Food service and retail jobs don't pay a living wage. On top of that, the overall growth is down to 1.9% when Trump had been promising 4, 5 or even 6%. Business investment is in negative numbers, Federal spending is skyrocketing, manufacturing in the US and the entire world has taken a nose dive, and the Fed just dumped the interest rates by another quarter %. So you idiots can go soak your heads.

  • These numbers are a complete scam- it doesn't report on the amount of the population the aren't on the rolls. It's only the active workers report , not the homeless or workers disenfranchised by the corporate system of profit.
    YANG 2020!😎🤙🌈🌎

  • Who are these analysts who set these ridiculously low expected figures?? 128,000 jobs, is very low, I remember when these types of jobs were added during the Obama era the media and conservatives were claiming they were fast-food jobs- well??

  • 3.0 GDP is the minimum amount of growth that is considered a healthy economy.
    trump = 1.9 GDP. stock market is not the GDP. China = 9.0

  • Did they ever consider the number of people that will not work, no matter what!!! 5% of the USA will not work, no matter what happens!!!!

  • Now I know they been using a Sharpie on the jobs report. There have been way too many reports of companies planning on downsizing and closing. Jobs are always added during the seasonal holidays, but they should probably be way higher.

  • Well, cheers to POTUS Trump for his sound leadership ! More good can be accomplished when Dems quit shoving & chasing their inquiry GHOST.

  • Wait a minute, let me understand this slowly, ({128 000 – 48 000 = 80 000}, I know why you cannot show charts)!
    1. August and September figures REVISED UP by ~95 000, yet unemployment is UP by 0.1%!!
    2. Manufacturing lost +42 000 of autoworkers to restaurants, bars and hospitality who gained +48 000!!!
    3. The 48 000 are actually part-time, in multiple jobs with no holiday, sick pay, or pension etc…

  • the holidays are just around the corner. of course there going to be jobs opening. is the busies time of the year plus on top of that i need proof of job added. is it restaurants, retails, warehouse, etc…. where are the jobs being added???? because all i see is just numbers and graphics.

  • Minimum wage, no benefits, subservient, dead-end jobs that people have to work 3 of them just to barely survive… everyone jump for joy and scream hallelujah!

  • Farmers going bankrupt, businesses not hiring, increased costs to cover trade wars, economists describing economic turn down but they claim the numbers are rising?????? Who exactly is collating these figures?

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