Jobs report looks pretty scary

Stain much?

Yes, that's generally accurate. There have been significant downward revisions to US job numbers since 2009, particularly in recent years. These revisions mean that the initial reports from the Bureau of Labor Statistics (BLS) tend to overstate the actual number of jobs created. The most recent large revision, in 2024, was the biggest since 2009.

I corrected your false statement.
 
Were you hiding under your bed while posting this? It's like how experts told you months ago that tariffs would wipe us out, right?
Huh?

You make no sense.
 
Kinda explains a few things..........I argued that rates shouldn't drop but that was based upon what the government has been telling us.

Now that you look at how bad things really are......well, one has to reconsider.

I have to think Trump knew how bad things really were and was hoping a rate drop might mitigate things some.

Those are absolutely horrible job numbers.
They may have been sweeping this under the rug for a couple of months according to the ADP reports.

If you'll remember myself and a number of other folks pointed out the huge discrepancies between the ADP and BLS reports.
 
July far lower than expected and May and June lowered by over 250,000 between them.

So now
May = 19,000
June = 14,000
July = 74,000

But I'll bet that gets significantly downgraded as well in the coming months.

This is what we who have common sense have been telling you is coming, but nobody wants to hear it.


It is all lies. Just like inflation #s.

it is only going to get worse.webp
 
Thetes nothing wrong with 73,000 jobs especially if they are all paying over 6 figures.
 
Huh?

You make no sense.
The economy is great to my portfolios. The economy is suck to those who believe the stock market cannot go down every now and then. If the economy is stagnant with negative growth like under Biden for four years, then I will worry.
 
Don't believe anything from Congress, lawyers, courts or GOVT until it is all cleaned up. If she cooked the stats to help Biden no doubt she is cooking the books against Trump.//

“I was just informed that our Country’s “Jobs Numbers” are being produced by a Biden Appointee, Dr. Erika McEntarfer, the Commissioner of Labor Statistics, who faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory. This is the same Bureau of Labor Statistics that overstated the Jobs Growth in March 2024 by approximately 818,000 and, then again, right before the 2024 Presidential Election, in August and September, by 112,000. These were Records — No one can be that wrong? We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes. McEntarfer said there were only 73,000 Jobs added (a shock!) but, more importantly, that a major mistake was made by them, 258,000 Jobs downward, in the prior two months. Similar things happened in the first part of the year, always to the negative. The Economy is BOOMING under “TRUMP” despite a Fed that also plays games, this time with Interest Rates, where they lowered them twice, and substantially, just before the Presidential Election, I assume in the hopes of getting “Kamala” elected – How did that work out? Jerome “Too Late” Powell should also be put “out to pasture.” Thank you for your attention to this matter!” Trump said on Truth Social on Friday.
im-a-bit-of-a-statistician-myself-v0-71ea3wlx9hgf1.jpeg
 
Its time to define an actual job is one that pays 70 thousand plus full benefits. Its long overdo. Anything less. Nope.
 
The economy is great to my portfolios. The economy is suck to those who believe the stock market cannot go down every now and then. If the economy is stagnant with negative growth like under Biden for four years, then I will worry.



1754090920093.webp
 
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