Mind-blowing jobs numbers means inflation may not be done

[1srelluc]

only 7000 were Fed, the rest were state level, so we are talking like 900 per state. Does not really seem worthy of being triggered over.

Since when is more government anything been a good thing?

That's also why when your ilk bitch about fewer laws being passed by the House being a bad thing I laugh at ya.

No new law ever passed did not need people to administer said law......Hundreds of new laws took effect 1/1/24 across the various states.

Hell, IL passed a law bringing back fuzzy dice.....OK on it's face I guess (who doesn't like fuzzy dice) but I bet in the depths of the IL bureaucracy that there was a job created for that.

Illinois enacts law to legalizing fuzzy dice hanging from rearview mirrors

By DAVID A. LIEB and GEOFF MULVIHILL Associated Press Fuzzy dice finally will be free to dangle in Illinois. S...

southernillinoisnow.com

 

[Meister]

you need to make up your mind, are the Govt jobs or social assistance jobs?

Kinda like government jobs or IRS jobs.
Kinda like government jobs or Postal jobs

 

[Harpy Eagle]

Kinda like government jobs or IRS jobs.
Kinda like government jobs or Postal jobs

no, it is not. IRS and Postal jobs are all lumped into Govt jobs on the jobs report.

Seems you should know these sorts of things.

 

[iamwhatiseem]

Only the simpleton thinks these numbers are super awesome because they never look beneath the hood to see what else is lurking around.
1) The monthly jobs reports have been strangely exaggerated. Consider the jobs numbers released in October and November have been adjusted down by over 140,000. Coincidence?
2) Unemployment did not change. How is that possible? Because labor participation rates are still falling. Keeping in mind that is people between 24 and 60. So don't say that is because of people retiring.
3) Leisure and hospitality jobs are still down by over 1,000,000 jobs since pre-pandemic. People do not have the money to spend on entertainment and vacations. This shows the effects of inflation.
4) Wage growth has been in a downtrend since March of 2022. Not super surprising however, since there was a massive wage increase in the immediate post=pandemic when employers couldn't find anyone to work.
5) And finally, the commercial real estate bubble is set to implode this year. Every analyst I have seen is predicting doom with a debt loss surpassing 2008.

In a nutshell, the jobs numbers have been greatly exaggerated almost every month in 2023. Someone is being told to do so. Because the adjustments lowering those numbers when true numbers are known - never seem to make the news. Inflation is still harming people significantly. The U.S. savings rate has fallen to it's lowest since 2008.

 

[Harpy Eagle]

Only the simpleton thinks these numbers are super awesome because they never look beneath the hood to see what else is lurking around.
1) The monthly jobs reports have been strangely exaggerated. Consider the jobs numbers released in October and November have been adjusted down by over 140,000. Coincidence?
2) Unemployment did not change. How is that possible? Because labor participation rates are still falling. Keeping in mind that is people between 24 and 60. So don't say that is because of people retiring.
3) Leisure and hospitality jobs are still down by over 1,000,000 jobs since pre-pandemic. People do not have the money to spend on entertainment and vacations. This shows the effects of inflation.
4) Wage growth has been in a downtrend since March of 2022. Not super surprising however, since there was a massive wage increase in the immediate post=pandemic when employers couldn't find anyone to work.
5) And finally, the commercial real estate bubble is set to implode this year. Every analyst I have seen is predicting doom with a debt loss surpassing 2008.

In a nutshell, the jobs numbers have been greatly exaggerated almost every month in 2023. Someone is being told to do so. Because the adjustments lowering those numbers when true numbers are known - never seem to make the news. Inflation is still harming people significantly. The U.S. savings rate has fallen to it's lowest since 2008.

1. And yet, even with those revisions 3,203,306 jobs were added and there are 2,884,000 more people working than there was at the start of 2023. Anyone that is not a mindless partisan drone would be happy about those numbers.

2. Because the population is growing. Also, the core working age LFPR is higher now than any point under Trump, one has to go back to the past century to find it this high....

3. Pretty much back to where it was. But yes, COVID changed how we do things in this country. Only down by 163,000 not the million you claimed. Are you just stupid or dishonest?

4. Wrong yet again.

5. Happy days, you got one right! Yep, that bubble has been growing for a while and COVID was the death kneel to it. There is no stopping it, times have changed and companies know they no longer need to spend so much on rent.

 

[Harpy Eagle]

In a nutshell, the jobs numbers have been greatly exaggerated almost every month in 2023. Someone is being told to do so.

Job numbers are adjusted every month no matter who is the POTUS. The numbers are published before all the data is in to meet the demanded deadline. There is no grand conspiracy, it has been happening for decades, even under your god.

 

[citygator]

Is this the greatest employment environment in history or what? Thanks Biden!

It is so good that the biggest job losses were taking care of people without jobs!!!

“On the other end, one of the biggest losses was in social assistance, which lost 21,000.”



December jobs report: US economy adds 216,000 jobs, shocking Wall Street

 

[iamwhatiseem]

By July no one will be making these threads anymore.
The coming commercial real estate collapse is unavoidable, and not, at all, Bidens fault.
The making of this coming collapse is just like the 2008 home crises... it took years to create that maddening bubble. And it took years to create this one.
If you are smart - you are saving as much money as you can right now. And not making major purchases.
If you are above 55 or so, you should take your money out of the market, you will not be able to recoup the losses before you retire.
Yet another example of our thoroughly corrupt financial system that is wholly backed by Washington politicians.

 

[Harpy Eagle]

By July no one will be making these threads anymore.

would you like to wager on that?

 

[iamwhatiseem]

would you like to wager on that?

I have said, and meant it, that I would literally wager $25,000 that the commercial collapse is going to happen in 2024. Analyst say by July, that is not super predictable... but it will be 2024.
Over $2 Trillion in commercial debt matures in 2024. Staggering number. With industry leaders saying as high as 70% of those loans are expected to default.
That is going to have a heavy price. Anyone not thinking so - is a lunatic.

 

[iamwhatiseem]

You have to know the difference between the home mortgage debt bubble and the commercial bubble.
The home bubble was buried and not seen because mortgage loans were buried in derivatives and other investment vehicles. Everyone was riding the wave. Virtually no one was looking at the fact that the mortgage pieces all mixed in with other investments were sooo over bloated.
Only a small handful of underling analyst started telling firms just how magnificently exposed they were.

The commercial debt is not hidden. It is not buried in derivatives and mixed in with other investments.
It is in plain sight.