New data shows US job growth has been far weaker than initially reported

[otto105]

This is why we keep telling the Democrat trained seals to stop barking every time a "good jobs" report comes out. They are always revised down and the statistic is often very misleading. What kind of jobs? Are they openings because people quit?

Hilarious

Always revised down? They counted jobs the same for every president fuckup.

 

[jbrownson0831]

Er, uh, any way you slice it, the job growth historic graph is steeper than any time during the 4 years, prior to Biden. Heck, it is steeper than, back to when it was being tracked.

United States | Total Employment Trends over 1969-2022

Analysis and tools comparing Total Employment trends for United States.

united-states.reaproject.org

Baloney

 

[White 6]

Didn't the US population go up?
Aren't there tons of new HS graduates every year looking for jobs?
Didn't we just import 18 million screaming illegals?

No. I thought US population was declining.
They are probably finding jobs around here, of course that is here.
I don't care that much about legal immigrants, and not at all about illegals, but that is just me.

 

[John Edgar Slow Horses]

Yet strong job growth, 4.3% UE, and a very so soft its beautiful landing.

 

[Captain Caveman]

 

[initforme]

Anything paying less than $25 per hour plus fullinsurance and 4 weeks paid time off is NOT a job.

 

[toobfreak]

No. I thought US population was declining.

The rate of change is declining but the total number of people is still increasing.

I don't care that much about legal immigrants, and not at all about illegals, but that is just me.

You probably don't live in a border state then, and don't care about your country being invaded until something big happens to directly impact you like another 9/11.

 

[task0778]

No. I thought US population was declining.
They are probably finding jobs around here, of course that is here.
I don't care that much about legal immigrants, and not at all about illegals, but that is just me.

Maybe you should rethink that position about illegals. We've got an awful lot of them here already and more coming in everyday and they are eating up a lot of our tax dollars, doncha think? Most of them are not bad people, but some of them are and maybe we should all care about that.

 

[sealybobo]

New data shows US job growth has been far weaker than initially reported​

21 Aug 2024 ~~ By Alicia Wallace


US job growth during much of the past year was significantly weaker than initially estimated, according to new data released Wednesday.
The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported.
Every year, the BLS conducts a revision to the data from its monthly survey of businesses’ payrolls, then benchmarks the March employment level to those measured by the Quarterly Census of Employment and Wages program.
~Snip~
When spread through the prior year, the average monthly job gain from April 2023 through March 2024 was 173,500 versus nearly 242,000, an analysis of BLS data shows.
The downward adjustments were limited to the private sector, with nearly half in the professional and business services industry (revised down by 358,000, or 1.6%.) Other sectors showing large negative swings included the information industry (down 68,000, or 2.3%), leisure and hospitality (down 150,000, or 0.9%) and manufacturing (down 115,000, or -0.9%).
~Snip~
Every year, the BLS conducts annual benchmark revisions to replace these sample-based employment estimates with fuller employment counts as recorded in the QCEW.
The QCEW provides a more comprehensive read on the number of businesses, employees and wages at the state, regional and county level because it derives that data from quarterly tax reports submitted by businesses to their states.
Given that process, the QCEW comes at a substantial lag: The data for the first quarter of 2024 was also released Wednesday and showed that in March 2024, national employment increased to 153.6 million, a 1.3% increase during the past year.

https://www.cnn.com/2024/08/21/economy/bls-jobs-revisions/index.html

Commentary:
What BS didn't mention was he fact that most of the jobs were were in federal gov't.
The article also omitted the fact that Bidenomics failed and was falsely inflated by 818,000 jobs in manufacturing..
With Trump's plan, the so-called massive tariffs that are imposed on a country are equal to what they impose on us. This has resulted in an overall lowering of foreign tariffs on U.S. products and, if anything, has boosted domestic job growth. Trump is among the select few who is willing to boldly take a stand and make sacrifices to give this country what it really needs now and that is a good swift kick back into productivity.
It's a BLS "counting" issue, that factually show the number ahve been inflated.
You can't tell that to the people who now have less or no income today and refuse to accept Bidenomics,
LESS purchasing power thanks to INFLATION at 24%.

Since 1989, America has created 51 million new jobs. What’s the score? Democrats 50, Republicans 1.

 

[John Edgar Slow Horses]

However

4.3% UE
Lower lst time job claims
Strong labor market
Soft economic landing
50 bps next fed cut

 

[jbrownson0831]

The rate of change is declining but the total number of people is still increasing.
View attachment 1000395



You probably don't live in a border state then, and don't care about your country being invaded until something big happens to directly impact you like another 9/11.

he lives in ShangriLa, where prices are always low and the economy always strong.

 

[White 6]

The rate of change is declining but the total number of people is still increasing.
View attachment 1000395



You probably don't live in a border state then, and don't care about your country being invaded until something big happens to directly impact you like another 9/11.

No. Tennessee is not a border state, but I do care about illegal immigration. Legal immigration, not so much.

 

[White 6]

Maybe you should rethink that position about illegals. We've got an awful lot of them here already and more coming in everyday and they are eating up a lot of our tax dollars, doncha think? Most of them are not bad people, but some of them are and maybe we should all care about that.

I am totally against illegal immigration and illegal immigrants. My biggest complaint against Biden's policy or non-policy policy is the lack of numbers projections of his goal. These numbers should have been discussed and debated in front of the American people. All come, all welcome is BS. The other thing I objected to was the lack of beefing up staffing and facilities to efficiently handle the massive influx. Hearing dates a year out or more is just more BS.