Jobs, Jobs Everywhere! 254K vs expected 141k, UE drops

[para bellum]

Last month's was revised up. Someone didnt read the report.

150K/month is barely enough to keep up with people entering the workforce.

LFPR is still low.

A half-million more people unemployed than a year ago.

Shitty service sector jobs, health care, gov't, and social assistance.

The only productive sector that gained was construction, which always jumps in the building season.

We will revisit this when the 254K number is slashed in a few months...

 

[citygator]

150K/month is barely enough to keep up with people entering the workforce.

LFPR is still low.

A half-million more people unemployed than a year ago.

Shitty service sector jobs, health care, gov't, and social assistance.

The only productive sector that gained was construction, which always jumps in the building season.

We will revisit this when the 254K number is slashed in a few months...

Moving goalposts. Stop. The numbers exceeded expectations AND the prior months were revised UP. But of course you cant see passed your own idiocy.

 

[para bellum]

Moving goalposts. Stop. The numbers exceeded expectations AND the prior months were revised UP. But of course you cant see passed your own idiocy.

The prior quarter was revised upwards by 10% of what the previous quarter was revised DOWNWARD. 79K in July doesn't even come close to meeting the needs of new entrants in the workforce.

150K/month is FLAT. It does not move the unemployment needle one bit.

And this is almost certainly a bogus estimate designed to give some positive economic news for the dems just before an election.

The only good thing about those 69K minimum-wage restaurant jobs is those poor bastards will get a shift meal- they sure as hell can't afford to buy food at the grocery store. Thanks Joe!

 

[citygator]

The prior quarter was revised upwards by 10% of what the previous quarter was revised DOWNWARD. 79K in July doesn't even come close to meeting the needs of new entrants in the workforce.

150K/month is FLAT. It does not move the unemployment needle one bit.

And this is almost certainly a bogus estimate designed to give some positive economic news for the dems just before an election.

The only good thing about those 69K minimum-wage restaurant jobs is those poor bastards will get a shift meal- they sure as hell can't afford to buy food at the grocery store. Thanks Joe!

Para.... if you arent making money in this economy you are a fool. There are record job openings, record corporate profits, record stock growth, record home equity. If you havent saved money over the last 3 years not only is that on you but that makes you an outlier as the Average American are awash in wages and equity.

 

[JohnDB]

I'm sure the America Last bad news crew on here won't start this thread, so I will.

141,000 jobs were expected. UE dropped from 4.2% to 4.1%.

The America Last crew will have to pin their hopes on the October report coming out right before the election. Thoughts and prayers for them today.

https://www.cnn.com/business/live-news/us-jobs-report-september-10-04-24/index.html

Because we flat out do not believe this report.
Nearly EVERY market analyst and Economist who watches these numbers has said "They are lying". Of course there are a few "Blue Dogs" saying how wonderful the economy is....but most that are actually reputable says they are lying.

 

[para bellum]

Para.... if you arent making money in this economy you are a fool. There are record job openings, record corporate profits, record stock growth, record home equity. If you havent saved money over the last 3 years not only is that on you but that makes you an outlier as the Average American are awash in wages and equity.

You continue to prove yourself completely out of touch with what average Americans are living with.

Real household wealth under Biden is FLAT- 0.7% in the first 3 years of Biden's administration compared to 16% under Trump's.

MSN

www.msn.com

There are more people are under financial stress today than 3 years ago.

Loading…

www.federalreserve.gov

Overall Financial Well-Being
• The 72 percent of adults doing at least okay financially was similar to the 73 percent in 2022 yet remained well below the recent high of 78 percent in 2021.
• Financial well-being was generally unchanged from 2022 for most population segments. One notable exception was parents living with their children under age 18, where the share doing at least okay financially fell 5 percentage points from 2022.
• Inflation continued to be the top financial concern, despite the inflation rate falling over the prior year.
• Sixty-five percent of adults said that changes in the prices they paid compared with the prior year had made their financial situation worse, including 19 percent who said price changes had made their financial situation much worse. In contrast, 4 percent of adults said that price changes compared with last year had made their financial situation better, while 31 percent said price changes had little to no effect on their financial situation.

 

[Harpy Eagle]

LFPR is still low.

The core working age LFPR is higher than any point since 1990, far higher than any point under Trump.

The overall LFPR is only down a bit due to the large drop of 55 plus due to baby boomers retiring at record numbers thanks to the booming stock market

 

[citygator]

Because we flat out do not believe this report.
Nearly EVERY market analyst and Economist who watches these numbers has said "They are lying". Of course there are a few "Blue Dogs" saying how wonderful the economy is....but most that are actually reputable says they are lying.

Link to every market analyst and economy please. 90% sure I wont be hearing from you again.

 

[citygator]

You continue to prove yourself completely out of touch with what average Americans are living with.

Real household wealth under Biden is FLAT- 0.7% in the first 3 years of Biden's administration compared to 16% under Trump's.

MSN

www.msn.com

There are more people are under financial stress today than 3 years ago.

Loading…

www.federalreserve.gov

Overall Financial Well-Being
• The 72 percent of adults doing at least okay financially was similar to the 73 percent in 2022 yet remained well below the recent high of 78 percent in 2021.
• Financial well-being was generally unchanged from 2022 for most population segments. One notable exception was parents living with their children under age 18, where the share doing at least okay financially fell 5 percentage points from 2022.
• Inflation continued to be the top financial concern, despite the inflation rate falling over the prior year.
• Sixty-five percent of adults said that changes in the prices they paid compared with the prior year had made their financial situation worse, including 19 percent who said price changes had made their financial situation much worse. In contrast, 4 percent of adults said that price changes compared with last year had made their financial situation better, while 31 percent said price changes had little to no effect on their financial situation.

Are you not getting by or are you? These are attitude surveys impacted by the right wing nuts who think they are broke every time a democrat is in office. They are stupid. They figures tell an accurate story. Surveys do not.

 

[JohnDB]

Link to every market analyst and economy please. 90% sure I wont be hearing from you again.

This is one of the most respected economists. Totally not political just reporting on the facts as they are. Look over his entire channel if you don't believe me.

 

[citygator]

This is one of the most respected economists. Totally not political just reporting on the facts as they are. Look over his entire channel if you don't believe me.

Hilarious.

Brian Kim (also known as "Bu Yung Kim"; born 1975/1976) is an American former hedge fund manager.[1][2] He founded the now-defunct Liquid Capital Management LLC, which focused on futures trading.

In 2011, he was found guilty of fraudulent solicitation, misappropriation, and misrepresentation to investors and regulatory organizations, and an injunction was sought preventing him from trading in commodities futures and foreign currencies. A $12.5 million default judgement was entered against him, and he was banned from commodity trading.

In 2012, he pleaded guilty to charges including passport fraud, grand larceny, scheme to defraud, violation of the NY General Business Law (Martin Act), and falsifying business records to further a Ponzi scheme. He was sentenced to a term between five years, seven months and 15 years, seven months in prison.

 

[Harpy Eagle]

This is one of the most respected economists. Totally not political just reporting on the facts as they are. Look over his entire channel if you don't believe me.

He is not even an economist.



You have just sunk what tiny bit of relevance you might have once had

 

[Winco]

Manufacturing jobs declined by 7%

No Link?
Did I miss the 7% you reported?
Can you provide more information, I doubt it?

How many manufacturing jobs TOTAL in the US the Previous Month?
How many manufacturing jobs TOTAL in the US the this Month?

Let's see if your math checks out.

The 7% loss of manufacturing jobs is very significant because that is where the middle class springs from

7% of what?
A 7% loss of ALL current manufacturing jobs?

Last month's was revised up. Someone didnt read the report.

But.......that doesn't meet the cult agenda.

 

[JohnDB]

Hilarious.

View attachment 1021958

Brian Kim (also known as "Bu Yung Kim"; born 1975/1976) is an American former hedge fund manager.[1][2] He founded the now-defunct Liquid Capital Management LLC, which focused on futures trading.

In 2011, he was found guilty of fraudulent solicitation, misappropriation, and misrepresentation to investors and regulatory organizations, and an injunction was sought preventing him from trading in commodities futures and foreign currencies. A $12.5 million default judgement was entered against him, and he was banned from commodity trading.

In 2012, he pleaded guilty to charges including passport fraud, grand larceny, scheme to defraud, violation of the NY General Business Law (Martin Act), and falsifying business records to further a Ponzi scheme. He was sentenced to a term between five years, seven months and 15 years, seven months in prison.

So.....
He has nothing to gain by lying now. Unlike OUR GOVERNMENT OR ANOTHER HEDGE FUND.

 

[Harpy Eagle]

So.....
He has nothing to gain by lying now. Unlike OUR GOVERNMENT OR ANOTHER HEDGE FUND.

He is not an economist

He is not respected.

You fucking lied or you have been duped

 

[Harpy Eagle]

Manufacturing jobs declined by 7%.....I guess they need to learn to empty bedpans or make beds for half the wage.

Yet still higher than at any point under Trump...weird

 

[JohnDB]

He is not even an economist.



You have just sunk what tiny bit of relevance you might have once had

And exactly how do the courses differ between what this guy knows and an economist?

Of course you first try to discredit me but then since you can't you want to discredit my source.

Your playbook is worn out like any beaten dead horse.

He has absolutely nothing to gain by lying. But he definitely knows what it looks like.

So when he says we are being lied to....I listen.

 

[Harpy Eagle]

150K/month is barely enough to keep up with people entering the workforce.

Notice: Data not available: U.S. Bureau of Labor Statistics

data.bls.gov

average jobs added per month over the last 8 years.

which admin did better?

 

[JohnDB]

He is not an economist

He is not respected.

You fucking lied or you have been duped

Our government has EVERYTHING TO GAIN by lying. Especially at election time.

But guess what?

People are going to JAIL. And there is nothing you can do to stop it. They will either be on tape with Diddy (Hillary) or be caught lying to the American people, abuse of office for personal gain, and fraud. (One of which Nixon was about to be impeached on)

This is not going to end well....especially when Biden's administration goes down as one of the most corrupt in history.

 

[para bellum]

The core working age LFPR is higher than any point since 1990, far higher than any point under Trump.

The 25-54 age group only returned to the pre-pandemic Trump level in February 2023. It has picked up a couple points since then, which is a good thing.

The overall LFPR is only down a bit due to the large drop of 55 plus due to baby boomers retiring at record numbers thanks to the booming stock market

The over 55 group is staying on the job at much higher levels than the 1990's, and is only down since 2020 because a lot of people of retirement age did not return to the workforce after the shutdowns.

The overall LFPR is still below the pre-pandemic level.