So we’ve got fake numbers, the numbers are actually bad and should be better, charts and graphs, sandwich shops and joobs. Got it.
I respect that you guys recognize how important consumer confidence is and your willingness to lie to try and keep it low. I don’t respect that you’ll gladly harm the country and the workers to do it though.
Where I work we had our best year ever last year and this year is off to a better start. Anecdotal evidence is valuable, just ask the guy that makes your foot longs.
The unadjusted number of jobs recorded went down, dropping from 150.35 million in Dec to 147.53 million in January, a 2.82 million drop in jobs. Through a record seasonal adjustment (there always is a seasonal adjustment this month…just happens that this years was magically way larger than ever), long-term (10 Year) population “adjustments”, and some other changes the bright, nonpartisan folks in the govt somehow get an over 3 million job positive adjustment applied to a measured 2.8 million job loss to create a “great” jobs report (that will be revised downwards in a few months because they will need the count then…)
Believe it if you want, but realize you are gargling garbage. Should also note it also removed a bunch of “jobs” that were already reported to have been generated last year, but who’s counting…
So we’ve got fake numbers, the numbers are actually bad and should be better, charts and graphs, sandwich shops and joobs. Got it.
I respect that you guys recognize how important consumer confidence is and your willingness to lie to try and keep it low. I don’t respect that you’ll gladly harm the country and the workers to do it though.
Where I work we had our best year ever last year and this year is off to a better start. Anecdotal evidence is valuable, just ask the guy that makes your foot longs.
Dude … you really don’t get it
Understand how the metrics are calculated and defined
For the unemployment rate to increase given the job growth, the only way for that to happen is for the growth of people re-entering the job market to outpace the actual job growth
Additionally, all of these numbers are subject to revisions in the coming months and we’ll see how the adjustments work out … COVID has increased the volatility of those adjustments
Congrats to your company but you’re comments aren’t defining what success looks like. If you talk to people that are tied into hiring activity they would tell you that it’s a really tight supply market … but what would I know
Finally, since you brought up consumer confidence, it’s one of the more important leading indicators for me. It’s important to note a couple of things IMO:
1) There appears to be a strong correlation between confidence and perception of the COVID outlook
2) Despite recent upticks at the end of 2021 levels are still lower than pre-COVID levels
3) Killers of confidence tend to occur during periods of inflation and recessions … the inflationary concerns are real and will become more pronounced as the effects stretch out throughout the year
So we’ve got fake numbers, the numbers are actually bad and should be better, charts and graphs, sandwich shops and joobs. Got it.
I respect that you guys recognize how important consumer confidence is and your willingness to lie to try and keep it low. I don’t respect that you’ll gladly harm the country and the workers to do it though.
Where I work we had our best year ever last year and this year is off to a better start. Anecdotal evidence is valuable, just ask the guy that makes your foot longs.
The unadjusted number of jobs recorded went down, dropping from 150.35 million in Dec to 147.53 million in January, a 2.82 million drop in jobs. Through a record seasonal adjustment (there always is a seasonal adjustment this month…just happens that this years was magically way larger than ever), long-term (10 Year) population “adjustments”, and some other changes the bright, nonpartisan folks in the govt somehow get an over 3 million job positive adjustment applied to a measured 2.8 million job loss to create a “great” jobs report (that will be revised downwards in a few months because they will need the count then…)
Believe it if you want, but realize you are gargling garbage. Should also note it also removed a bunch of “jobs” that were already reported to have been generated last year, but who’s counting…
So we’ve got fake numbers, the numbers are actually bad and should be better, charts and graphs, sandwich shops and joobs. Got it.
I respect that you guys recognize how important consumer confidence is and your willingness to lie to try and keep it low. I don’t respect that you’ll gladly harm the country and the workers to do it though.
Where I work we had our best year ever last year and this year is off to a better start. Anecdotal evidence is valuable, just ask the guy that makes your foot longs.
No, the numbers are not fake, you just haven't looked at the data that shows we're still in a deep hole from the jobs lost from the massively stupid policies implemented by Biden. You can use your bias any way you like, but the numbers don't lie.
Oh we’re doing that thing where we pretend 2008 was Obama’s fault, now this is Biden’s fault. Gotcha. The buck stops to left to the left.
Oh, we're doing that deflection thing? No, we're focusing on Biden's terrible policies that have gutted entire sectors of the economy. Multiple members of his cabinet supposedly focused on getting the economy back on track have sounded like idiots when talking about inflation, the price of gas, and the supply chain crisis. Small businesses are fucked and mask and vaccine mandates are killing the economy. If we really do want to bring up other presidents, if Trump or some other republican were president now, you'd point out the same thing, that the economy cratered and that stupid rules and incompetence are not helping it. There are always going to be some 'new jobs'. We should be able to call out incompetence when it's obvious. I thought you were better than @HHusky or other people that want to make it a Dem vs Republican thing.
Kobe thinks it’s completely cool when businesses put out reminder signs asking customers to “be patient, kind, courteous” to those showing up to serve them.
What does “lowest minority unemployment” mean? Kobe. This looks like an effort to match the number of bullet points to cover #BidenBoom. It all fits so nicely. Like a school project where you’re dropping the bullet point fillers.
The Biden/Green New Deal working like a charm in the UK. The US is facing record inflation and the Biden/Slobberer solution is to spend more money and create more artificial energy shortages to help out the working Joe. Oh, and more illegal immigration with the attendant massive increase in welfare for illegals. You think the slobberer will discuss any concern about these terrific Biden policies? Geezus.
LIVING STANDARDS PLUMMET IN UK; ARE WE NEXT? This striking report is from the London Times:
Families will experience the biggest fall in living standards since records began, the Bank of England revealed today, as energy bills were confirmed to rise by £700 per household.
In a bleak assessment of the year ahead, the Bank’s monetary policy committee warned that take-home pay would fall by five times the amount it did during financial crisis of 2008.
This seems newsworthy: the “biggest fall in living standards since records began”– although, to be fair, the records in question only go back to 1990–and take-home pay declining by “five times the amount it did during the financial crisis of 2008.” So, what is causing this severe hit to the well-being of English families? Unreliable–i.e., “green”–energy.
It came after Ofgem, the energy regulator, confirmed this morning that the price cap on energy bills for 22 million households would rise by £693 from April to £1,971 a year. A total of 4.5 million households with prepayment meters will see their bills rise by £708 to £2,017.
There is no shortage of energy in the world, but there is an excess of graft: “green” energy is impoverishing those whose governments have been so foolish as to abandon cheap, reliable energy. Unfortunately, our own government is following the corrupt “green” path. A few are getting rich, and the rest of us will pay the price.
Comments
Believe it if you want, but realize you are gargling garbage. Should also note it also removed a bunch of “jobs” that were already reported to have been generated last year, but who’s counting…
How many of the jobs had one or more co-morbidities?
Poast moar.
No, we're focusing on Biden's terrible policies that have gutted entire sectors of the economy. Multiple members of his cabinet supposedly focused on getting the economy back on track have sounded like idiots when talking about inflation, the price of gas, and the supply chain crisis. Small businesses are fucked and mask and vaccine mandates are killing the economy.
If we really do want to bring up other presidents, if Trump or some other republican were president now, you'd point out the same thing, that the economy cratered and that stupid rules and incompetence are not helping it. There are always going to be some 'new jobs'. We should be able to call out incompetence when it's obvious. I thought you were better than @HHusky or other people that want to make it a Dem vs Republican thing.
You’re an idiot Kobe.
https://www.zerohedge.com/markets/here-whats-behind-todays-stunning-payrolls-beat
But cow farts hurt the carbon footprint......
Science
You can't fool people living this economy but they have to try
https://www.powerlineblog.com/archives/2022/02/living-standards-plummet-in-uk-are-we-next.php
LIVING STANDARDS PLUMMET IN UK; ARE WE NEXT?
This striking report is from the London Times:
Families will experience the biggest fall in living standards since records began, the Bank of England revealed today, as energy bills were confirmed to rise by £700 per household.
In a bleak assessment of the year ahead, the Bank’s monetary policy committee warned that take-home pay would fall by five times the amount it did during financial crisis of 2008.
This seems newsworthy: the “biggest fall in living standards since records began”– although, to be fair, the records in question only go back to 1990–and take-home pay declining by “five times the amount it did during the financial crisis of 2008.” So, what is causing this severe hit to the well-being of English families? Unreliable–i.e., “green”–energy.
It came after Ofgem, the energy regulator, confirmed this morning that the price cap on energy bills for 22 million households would rise by £693 from April to £1,971 a year. A total of 4.5 million households with prepayment meters will see their bills rise by £708 to £2,017.
There is no shortage of energy in the world, but there is an excess of graft: “green” energy is impoverishing those whose governments have been so foolish as to abandon cheap, reliable energy. Unfortunately, our own government is following the corrupt “green” path. A few are getting rich, and the rest of us will pay the price.
But pulling out of the climate change scam by Trump was wrong
JFC
Well duh. It wasn't an economy driven loss. They closed shit