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Started By
Message
re: Jobs data is bogus
Posted on 8/5/22 at 10:01 am to sofladawg
Posted on 8/5/22 at 10:01 am to sofladawg
quote:
Not sure why we are not celebrating this good news on the jobs data.
quote:
Household Survey
Full Time -71,000
Part Time +384,000
Multiple Jobs +92,000
And
A couple more “good reports” like this and no one will be arguing over the definition of a recession.
In case anyone is struggling reading the data:
The civilian non-institutional population is 331,000 higher in July than in May.
The civilian labor force is down 400,000.
The employment population ratio is down from May to July.
The “not in labor force” is up 750,000.
But somehow, we have two months of job growth.
This post was edited on 8/5/22 at 10:15 am
1
Posted on 8/5/22 at 10:10 am to SugarAggie
quote:
Yeah I don’t think the layoffs are happening yet, but I think it’s on the horizon and companies are putting procedures in place to do it if need be
This.
Posted on 8/5/22 at 10:28 am to Longdriver98
My friends plant is closing after just opening in 2019. He said they were doing great until late 2021 and all of 2022. Closed. Done. 800 employees.
Posted on 8/5/22 at 10:33 am to SugarAggie
quote:
My girlfriend
quote:
Aggie
I'm calling BS on this.
Posted on 8/5/22 at 10:33 am to RobertFootball
quote:
My friends plant is closing after just opening in 2019
What plant is this?
Posted on 8/5/22 at 10:35 am to Longdriver98
quote:
No way 500k jobs were created
87K new IRS jobs were created overnight, so yea, I believe the total number can approach 500K.
Now no doubt many of the new jobs are in fact preexisting jobs coming back online now that companies are reopening after the extended COVID lockdowns. No one is locked down at this point in time, and the country is making a return to normalcy.
Posted on 8/5/22 at 11:14 am to Longdriver98
They 'created' 500k jobs the same way Trump told Ratshitburger to 'find a way to get 12,000 votes'
100% projection and propaganda spin
100% projection and propaganda spin
This post was edited on 8/5/22 at 11:15 am
Posted on 8/5/22 at 11:26 am to ragincajun03
They make gummies, like the gummy vitamins you see in CVS and Walgreens. Can’t remember the name but it’s based out of California. It’s gone tits up.
Posted on 8/5/22 at 11:32 am to Marquesa
quote:
Like the old Soviet Union - had a record wheat harvest every year and no bread in the stores. It doesn't add up
That’s a very apt analogy. Every day I see a notice about a company laying large numbers of staff off, and in every case except one, it’s been tech companies, the sector that did the best during the LAST recession in 2008. I see chatter from across the Baird that ALL companies are preparing for a slowdown.
Posted on 8/5/22 at 11:33 am to Longdriver98
quote:
no way 500k jobs were created.
yesterday it was 181000 independent voters in Kansas voting about one issue.
no way.
oh wait there's more.
81 million voted for biden. no way.
it looks like if anything good happens with democrats its impossible for right wing pundits to comprehend.
its about you now long driver.
when rush Limbaugh said
I just don't understand
every single show he trained you.
This post was edited on 8/5/22 at 11:36 am
Posted on 8/5/22 at 11:45 am to Ag Zwin
quote:
While I agree the overall messaging is crap, I’m not seeing anything about large-scale layoffs.
Same here. Employers are hiring. I know plenty who are working hard to fill open positions
Posted on 8/5/22 at 11:59 am to sofladawg
quote:
Not sure why we are not celebrating this good news on the jobs data.
It’s more about what team is winning than whether or not Americans are succeeding. It was the same way when Trump was in office with Democrats scoffing at every positive move and saying “you see” with every negative move. It was also the same with Obama when the Republicans made every narrative about how the positive economic numbers were fake.
Partisan bullshite is killing this country. And I say this knowing full well I’m guilty of such partisanship from time to time.
Posted on 8/5/22 at 12:02 pm to Longdriver98
This is rigged, these are Trump jobs that Biden is taking credit for and everyone knows it. Obama pulled the same move, and unemployment was 165% under him.
Posted on 8/5/22 at 12:03 pm to SammyTiger
quote:
They’re not new jobs.
It’s just a continuation of people going back to work post Covid
It still looks like where right below the unemployment and the workforce participation numbers posted before the shutdowns
And keep in mind, in a normal year the US adds about 2.5 million jobs, so we should now be 5 million above the pre covid number.
Posted on 8/5/22 at 12:06 pm to tigerpoboy
quote:
This is rigged
I’m not trying to engage you in an argument, but I just wanted to say it is hilarious to me how consistent you are on this theme. Cheers for sticking to your guns regardless of the amount of ammunition you have.
This post was edited on 8/5/22 at 12:07 pm
Posted on 8/5/22 at 12:32 pm to Longdriver98
“Created” just means filled.
Never got back to where we were. Rates have been going down monthly and jobs lag. Simple as that.
When Walmart is laying off…
Never got back to where we were. Rates have been going down monthly and jobs lag. Simple as that.
When Walmart is laying off…
Posted on 8/5/22 at 12:40 pm to RealDawg
"According to the Bureau of Labor Statistics, total nonfarm employment has increased by 22 million from its low in April 2020 and has fully recovered to return to its pre-pandemic level. In February 2020, the last month before the COVID-19 pandemic,152.504 million in the U.S. were employed. As of July 2022, 152.536 million people in the U.S. were working."
LINK
LINK
Posted on 8/5/22 at 12:42 pm to Longdriver98
If the jobs data is correct we’re going to see higher inflation and the feds might increase interest rates or at least not pivot. August 10 is the next CPI
Posted on 8/5/22 at 12:45 pm to Longdriver98
These are jobs that have been out there but nobody has filled them because Biden was paying these people not to work. But now these people have run out of savings and have maxed out their credit cards so they have to go back to work.
If you want proof, the sector that saw the biggest increase in jobs is hospitality. All we’ve heard for the last year or so is how restaurants, hotels and all these other hospitality industry employers couldn’t find workers.
The job participation rate, which should be the statistic to look at, it’s still abysmal.
If you want proof, the sector that saw the biggest increase in jobs is hospitality. All we’ve heard for the last year or so is how restaurants, hotels and all these other hospitality industry employers couldn’t find workers.
The job participation rate, which should be the statistic to look at, it’s still abysmal.
This post was edited on 8/5/22 at 12:46 pm
Posted on 8/5/22 at 12:46 pm to Ag Zwin
U live under a rock, sir!
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