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Started By
Message
Run roh raggy...hiring slows, UE ticks up
Posted on 5/3/24 at 7:37 am
Posted on 5/3/24 at 7:37 am
U.S. Hiring Slows to 175,000 Jobs in April LINK
Seasonally adjusted 175k+ for April. UE ticks up to 3.9%.
Mind you, "seasonally adjusted" is pure fricking statistical voodoo.
Seasonally adjusted 175k+ for April. UE ticks up to 3.9%.
Mind you, "seasonally adjusted" is pure fricking statistical voodoo.
8
Posted on 5/3/24 at 7:48 am to udtiger
Thats a big adjustment down almost half
Posted on 5/3/24 at 8:09 am to udtiger
Anecdotal, but my employer just offered an early retirement package to everyone age 60+. I'm 68 and was planning to retire end of year, anyway, so the package is a nice reason to leave now.
However, when this was offered in the past, essentially, that means they plan a layoff, and need to analyze who is leaving, how to plug holes and then where they can effectively cut out bodies and maintain operations. Then they have to report their plan to the labor department and many of those who turned it down will be let go, anyway.
However, when this was offered in the past, essentially, that means they plan a layoff, and need to analyze who is leaving, how to plug holes and then where they can effectively cut out bodies and maintain operations. Then they have to report their plan to the labor department and many of those who turned it down will be let go, anyway.
Posted on 5/3/24 at 8:11 am to udtiger
Job numbers down.
Gasoline prices up.
What a combination.
FJB
Posted on 5/3/24 at 8:12 am to udtiger
Joe will use his normal diversionary tactics...blame it on Trump and give shite away for free.
Posted on 5/3/24 at 8:58 am to captainFid
quote:
Joe will use his normal diversionary tactics...blame it on Trump and give shite away for free
Has worked so far
Posted on 5/3/24 at 9:01 am to udtiger
Under/over +5% on the revised numbers to be quietly released sometime in August
Posted on 5/3/24 at 9:02 am to udtiger
Honestly all of these cherry picking numbers mean nothing to me. I see with my own eyes and wallet on the daily how fricked we are economically. I think most Americans are the same way. We live the struggle, so the statistics are nothing more than noise.
Posted on 5/3/24 at 11:02 am to Midget Death Squad
quote:
Honestly all of these cherry picking numbers mean nothing to me. I see with my own eyes and wallet on the daily how fricked we are economically. I think most Americans are the same way. We live the struggle, so the statistics are nothing more than noise.
Agreed.
But when even the "official" numbers aren't great, that indicates that the reality is MUCH worse.
Posted on 5/3/24 at 11:10 am to udtiger
Soo Inflation is ticking up & UE is up?
Feds are going to have a headache predicting a rate cut
Feds are going to have a headache predicting a rate cut
Posted on 5/3/24 at 11:14 am to TrueTiger
quote:
Job numbers down.
Gasoline prices up.
What a combination.
Janet yellen just said last week inflation is decreasing
I'll translate: inflation is only 4% instead of 9%, so they are doing a bang up job
Posted on 5/3/24 at 12:22 pm to cajuntiger1010
quote:
Soo Inflation is ticking up & UE is up?
Feds are going to have a headache predicting a rate cut
No chance of one until after next quarter GDP is released. I'd expect 1st Quarter to be revised downward ti take the sting out of 2Q number. Of course, if inflation is the same (or higher), you can shut that down for the year.
Posted on 5/3/24 at 12:22 pm to udtiger
I work for a Fortune 100 company and we laid off 250 “low performing” employees last week. We usually don’t “layoff” employees, we usually do hiring freezes and shuffle people around so it was a big surprise to everyone.
Posted on 5/3/24 at 12:23 pm to udtiger
Finally someone doing something about inflation.
Posted on 5/3/24 at 12:39 pm to ksayetiger
quote:
Janet yellen just said last week inflation is decreasing
A slower rate of increase is a decrease?
That's like saying pressing the accelerator petal only halfway down is the same as hitting the brakes.
Posted on 5/3/24 at 1:09 pm to dakarx
quote:
Under/over +5% on the revised numbers to be quietly released sometime in August
Those numbers are just voodoo any way.
If you counted just full employment that number would be way higher.
Now a days they would throw somebody in there making 5 hours a week as employed in a part time job.
They also throw out other stats like those that are not looking at all for work and unemployed for more than so many months.
It is always good when you can cook the books.
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