Ticker does the heavy lifting here and finds (TaDAAA!!) that the jobs report ain't nothing at all.
IOW, Bai-Den is lying again.
...the internals of the household survey, unadjusted, said +141k and out of that 111 of it came out of the "not in labor force" figures, so in fact its really about +30 net-net on the population itself. In other words statistically zero.
October is usually a very decent hiring month as, which we all know, there's this thing called "Christmas" coming and the start of the hiring for it is usually reflected here. Prior to the pandemic in 2019 October was +589k on the same unadjusted household number, and 425k of that came from bench-sitters, so economic reasons were enough to get close to half a million off their butts. This time it was only good for 100k and the total impulse was basically all of that....
Note that Ticker looks at the household report, not the institutional report. Household report directly quizzes people..........doh.
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