August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%

CNBC's Steve Liesman joins 'Squawk Box' to break down the August jobs report.

[@braidenchesnutt]

Well, I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered and I don't know where to go here out of devastation.

[@BrittanyRenfrew]

The safest approach I feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@RoyDiehl-u4y]

@@BrittanyRenfrew I totally agree. A financial advisor can provide valuable insights and help ensure that our investment portfolios are aligned with our long-term financial goals. They have the expertise to navigate through market fluctuations and make informed decisions.

[@braidenchesnutt]

@@RoyDiehl-u4y I’ve been down a ton, I’m only holding on so I can recoup, I need help, who is this investment adviser that guides you?

[@RoyDiehl-u4y]

@@braidenchesnutt Her name is “Victoria Carmen Santaella” can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@braidenchesnutt]

@@RoyDiehl-u4y Thank you for this amazing tip. I just looked the name up and wrote her explaining my financial market goals.

[@larrytheshark3945]

Will be revised down to less than 100k in two months

[@JudyStroyer-bk6fb]

Illegal immigrants got jobs and Americans lost jobs

[@AJ-iu6nw]

no it won't, this isn't Corona Beer flu numbers

[@datdude_mp123]

Ok so let me get this straight.....all downward revisions.....the admission of overestimating jobs by the goverment, another miss on expectations as well AND the unemployment rate.....WENT DOWN? Gordon Ramsey somewhere screaming you overcooked it.

[@appkeytechology]

The unemployment rate is flawed and has always been since inception.

[@Subroutine403]

It's all bullcrap. Expect downward revisions.

[@jacknimble4584]

The same network has been telling us that the economy is booming, consumers are resilient, unemployment the lowest in history, borders are secure, stock prices and home prices at his highest and inflation at its lowest. By these measures the Fed should actually be increasing rates by 500bps instead of lowering them

[@bubbasanches4591]

CNBC is total trash

[@PatamaGomutbutra]

That FOMO creater desperate inflate housing bubble.

[@appkeytechology]

I would like to know at what time during the past 60 years were ploticians NOT telling you that everything was sunshine and rainbows? Point out the year? People waste too much time trying to identify the enemy when the enemy is coming from every side.

[@grizchicago]

Steve trying so hard to spin why this report wasn't bad.

[@s.m.whiteII]

@@grizchicago 🥳🥳🥳baldy has his marching orders as usual🥳🥳🥳

[@jimbarrrett6641]

They lie

[@cswanson4476]

Sell, sell, sell! Put everything on DJT!

[@eyelovecolorado2195]

Biden goes the beach and they put out the real numbers. 😂😂

[@Xyz99899]

still not real cause they keep on revising downwards months later

[@harrychu650]

Those are some nasty revisions to the July and August further demonstrating that these reports are too inaccurate to be taken seriously. Look to the ADP jobs report which isn't using 1800s methods of data collection in 2024.

[@appkeytechology]

I've been saying the unemployment rate was flawed since it started.

[@marklihsu]

Next month it will be revised down to 50k

[@JudyStroyer-bk6fb]

Illegal immigrants got jobs and Americans lost jobs

[@dbealby]

This admin lying about job numbers for years. Some months revision down by 30%. They all need to be fired.

[@RespekfulFungus]

How many seniors going back to work is padding these jobs reports?!

[@JudyStroyer-bk6fb]

Illegal immigrants got jobs and Americans lost jobs

[@appkeytechology]

Why would that matter? If a position is filled, it's filled if only for 30 days.

[@nickvin7447]

Government jobs being added does not count.

[@charliecrowley1070]

Well then you can pull out about 2 million over the last 4 yrs!

[@concretemech]

Why

[@nickvin7447]

@@charliecrowley1070 Bingo

[@weho_brian]

jobs are still jobs. People who have a job spend money

[@charliecrowley1070]

@weho_brian Government jobs shouldn't even count, it's like padding stats

[@thelefteyeguyusa1030]

keep cooking the numbers...US citizens telling the govt that they are struggling a long time ago

[@louistan7560]

The numbers must look necessarily convincing to justify a rate cut. And here it is!

[@s.m.whiteII]

Fake🙄Fake🙄Fake🙄Fake

[@AJ-iu6nw]

this isn't Communist Asia lol

[@davidblick2192]

Vote Trump.

[@patrickwalsh4615]

😂

[@RichardKing-sx6xc]

"grew by a less than expected" (Right out of 1984)

[@AppalachianPatriot]

So when does Build Back Better start?

[@AJ-iu6nw]

when that other one gets elected

[@AppalachianPatriot]

@@AJ-iu6nw I hope you don’t mean Harris. She would be “Destroy America Faster”.

[@AJ-iu6nw]

@@AppalachianPatriot Oh i mean it alright. I mean it. Professor Lichtenstein already predicted 9/10 last elections and he predicted Kamala Harris wins this time

[@brianhallman2420]

😂

[@ChristopherWalkenPUA]

I know people who were laid off in February, and still can't find a job.

[@bubbasanches4591]

They arent needed, especially in tech.

[@appkeytechology]

​@bubbasanches4591 those people are probably not needed.

[@golffranchise]

You're in a recession bro.

[@g.a.brownetylutanic2028]

Steve has been pumping for months. The guy has lied all year

[@s.m.whiteII]

The bald headed guitar pickers middle name is “Agenda”🙄

[@bilalsalameh2568]

Awful reporting

[@RobotRon_2084]

Time to slash those rates.

[@Kal-El207]

I haven’t been able to get a job since April of this year. One job even told me that I can consider myself hired just gotta wait on it. That was two months ago…these numbers are LIES.

[@angelicfurry301]

The apartment buildings that rent to disabled and seniors went up in costs 38.10% . Those people on SSI are only going to get a 2.5% raise in their benefits. Where are they going to get the other 35% to pay for the ridiculous inflated rent prices? Tell me where are they supposed to go when they been priced out of low income housing!

[@David-DB1993]

America is doomed.

[@EducatedPhool]

liars

[@podsmpsg1]

It was actually 99,000 jobs, NOT 142,000 jobs. 142,000 jobs still isn't a lot, should be double or close to and 4.2% unemployment is still high. That's the whole point. What don't these people understand?!. Also, how many of those are part time minimum wage jobs that are going to foreigners?. He said "Government Sector", Government jobs are funded by Tax Dollars. HELLO?.

[@charliecrowley1070]

The unemployment rate is honestly in the low 8% range, they are gaslighting us so hard!

[@JudyStroyer-bk6fb]

Higher

[@garyvild3765]

At this point in time I would rather see Kamela get elected and the economy crash.We would never see a Democrat in the White House for the mext 20 years.

[@marklihsu]

I would rather have it crash in the next month and not endure another 4 years of terrible economy. Don’t know if my business can survive another 4 years

[@appkeytechology]

​@marklihsu your business is likely not needed

[@michaelskyros8803]

Feds late as always

[@RoTelnCheese]

Fake numbers, taken from the back of a cigarette packet

[@MangoFlamingo]

The revision 2nd 3rd number after the hot print thing is like 6 months old news

[@dustinmccord2046]

Harris biden economy

[@2023gainer]

Investing in red Dips delivers maximum future gains. Frey EV batteries.. VHAI.. Vocodia.. Lucid.. Rivian..Joby Evtol Jets.. NKLA.. Nikola with 80 to 100 Clean energy truck deliveries planned for 3rd quarter.. Zapp.. BBAI... BFRG.. SoundHound and more.

[@bubbasanches4591]

All garbage company, you will have deep losses from those

[@2023gainer]

@@bubbasanches4591 Many will be Future technology leaders, making gains for years

[@RTOneZer0]

Do we still trust in the unemployment rate? It will be revised up again in a few months.

[@goodbooks5134]

All of a sudden, we are in recession. LOL.

[@daithomas9859]

Comedy Show 😂😂😂

[@yonkodonny3778]

The unemployment rate can change because of a rounding error lol 4.24 and 4.25, didn’t change much but changes a lot

[@JudyStroyer-bk6fb]

They are doing a lot more manipulation than that

[@tonyotag]

How much is the BRICS alliance and trade issues with USD causing the market to shortfall in Fed Funds rate? How much of a lag between BRICS countries and alliances reducing trade with the US or USD versus American inflation (or effect thereof?) I think the inflation forecast is very murky right now because of this issue.

[@daneomegan]

Steve scrambling for greenshoots in the data 😂

[@dogussahin]

There is no fomc meeting in october hence 25bps cut in september would be a huge mistake

[@lppoqql]

To be totally honest current macro economic conditions dont warrant an immediate rate cute, ofcourse we all know the cut is happening due to "other" reasons.

[@ajmari9585]

What are the "other" reasons?

[@alexlopez5800]

Inflation & failing job market.

[@bradleyh1964]

Which will be revised down once again 😂😂😂

[@jackpinewood9344]

Bidennomics BTW, Joe almost called the Inflation Reduction bill The Green New Deal yesterday 😕

[@VIP77719]

Sh**t news

[@DonneDeirdre]

012 Anna Summit

[@dons3073]

Tricky

[@OlivaRivera-r8r]

Johnson Edward Martin Steven Thompson Margaret

[@juanrestrepo302]

Unemployment at ALL TIME LOWS! Thank you President Biden

[@nickvin7447]

Said no one ever.

[@joelfisk]

Wtf are you taking about?

[@TheGamingbrothers2015]

😂😂 all fake every months get revised

[@JudyStroyer-bk6fb]

All time LIES

[@rickhayes-oh2zm]

the greatest economy on earth Donald Trump

[@Kal-El207]

He hasn’t been president at all for the last 4 years. Blame it on who’s been in office.

[@thehonesttruth8808]

TDS+ being a total moron is not a good combination

[@HunterZ64]

What are the best strategies to protect my portfolio?, I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

[@VeniceHew83]

There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist

[@HelenaTichmann59]

Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.

[@SummerBear74]

Oh, really? I have never thought of that as an option. Can I ask who it is you've been working with? I bet I could use some help myself.

[@HelenaTichmann59]

NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services.... She’s quite known in her field, look-her up.

[@SummerBear74]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@jimbarrrett6641]

50 basis pt drop means disaster