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Economy

Jobs report disappoints estimates with 194k new jobs, 0.4 decrease in unemployment

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Screenshot 2020 03 06 08.54.30

The United States’ jobs report saw over 194,000 new nonfarm payrolls in the month of September. However, economists surveyed by Refinitiv expected to see 500,000 new jobs.

September was also the first month without the $300 per week in supplemental unemployment benefits. Yet, unemployment only dropped by 0.4%. Those same economists expected it to drop by over 5%. There are still 7.7 million unemployed Americans.

President Biden reacted to the report in a press conference Friday. According to him, the report showed improvement. “In total, the job creation in the first eight months of my administration is nearly five million jobs,” Biden said. “Jobs up, wages up, unemployment down. That’s progress.”

Meanwhile, the U.S. Bureau of Labor Statistics also reported that Americans born in the early 80’s with are working from home more. The higher the education level, the more likely they were to work from home.

You can follow Jenny Goldsberry on Twitter @jennyjournalism.

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Economy

VIDEO: Thousands of packages looted as thieves rob L.A. bound trains

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@JohnSchreiber

The lawlessness of California continues to manifest itself in very visible ways. Videos are emerging on social media showing huge amounts of trash, and in particular, UPS boxes and amazon packages that were en route to residential addresses.

The trash is piling up jut next to the train tracks, where CBS Los Angeles reports train burglaries are on the rise. “There’s loot3ed packages as far as the eye can see. Amazon packages, @UPS boxes, unused Covid tests, fishing lures, epi pens. Cargo containers left busted open on trains” tweeted John Schreiber.

Schreiber added, “I’m told by law enforcement these @UPS bags are especially sought after by thieves opening cargo containers…they are often full of boxes with merchandise bound for residential addresses. More valuable than say, a cargo container full of low value bulky items like toilet paper.”

Schreiber’s multiple videos posted to Twitter show the absolute disgust resulting from the thievery. “As you can see, trains frequently slow or stop in this area as they get worked into the @UnionPacific Intermodal facility near Downtown LA. The thieves use this opportunity to break open containers and take what’s inside, I’d say every 4th or 5th rail car had opened containers.

In another tweet with more photos of damaged property, Schreiber writes, “missing a package? Shipment delayed? Maybe your package is among the thousands we found discarded among the tracks. This is but one area thieves have targeted trains. We were told this area was just cleaned up 30 days ago so what you see is all within the last month. @CBSLA.”

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