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Started By
Message
Jobs Report Crushes Estimates
Posted on 2/3/23 at 3:22 pm
Posted on 2/3/23 at 3:22 pm
7
Posted on 2/3/23 at 3:47 pm to I Love Bama
This concerns me.
One of the main signals the Fed is looking for before stopping the rate hikes is for Unemployment to begin climbing. It's like the gauge on a pressure cooker except that even though the heat is still going up, the pressure is reading as normal. If this is the case, there's not going to be a good ending to this.
500k+ jobs is a huge number for any month, but January? Fuuuuuck me.
Either they have altered the way they are gathering job numbers or something else is going on, something which everyone seems to be missing.
One of the main signals the Fed is looking for before stopping the rate hikes is for Unemployment to begin climbing. It's like the gauge on a pressure cooker except that even though the heat is still going up, the pressure is reading as normal. If this is the case, there's not going to be a good ending to this.
500k+ jobs is a huge number for any month, but January? Fuuuuuck me.
Either they have altered the way they are gathering job numbers or something else is going on, something which everyone seems to be missing.
Posted on 2/3/23 at 3:49 pm to Bard
The State of The Union address is a few days away....
Posted on 2/3/23 at 3:55 pm to I Love Bama
quote:
The State of The Union address is a few days away....
Generally I'd agree with this but they're also actively trying to sabotage him with the FBI.
Dystopian reality.
Posted on 2/3/23 at 4:04 pm to STLhog
Good point.
Posted on 2/3/23 at 4:09 pm to I Love Bama
January numbers are often messy due to turnover/end of year holiday rotation. People assume these figures are an exact science but it’s really just a gloried guesstimate.
Posted on 2/3/23 at 4:11 pm to I Love Bama
I don't believe this is true at all.
quote:
That is the lowest jobless level since May 1969.
Posted on 2/3/23 at 4:26 pm to jchamil
When are the 6 figure tech layoffs going to show up?
Everyone just jumping right into new jobs?
Everyone just jumping right into new jobs?
Posted on 2/3/23 at 5:16 pm to Bard
quote:
Either they have altered the way they are gathering job numbers
They have been adjusting the original estimates significantly over the last 12 months. Typically downwards
Shenanigans
Posted on 2/3/23 at 5:26 pm to STLhog
Pretty much. The layoffs were mostly in HR, DEI, and otherwise fluff positions at the tech companies. The actual engineering jobs are still hard to fill.
Posted on 2/3/23 at 5:43 pm to I Love Bama
Zero hedge has a great article explaining it.
It's all smoke and mirrors. All they have to do is change the variables and they can make the report say whatever they want...just like the recession definition.
Markets ended down because they were able to actually see through the BS.
Biden got his moment though.
It's all smoke and mirrors. All they have to do is change the variables and they can make the report say whatever they want...just like the recession definition.
Markets ended down because they were able to actually see through the BS.
Biden got his moment though.
Posted on 2/3/23 at 6:52 pm to jchamil
quote:
I don't believe this is true at all. quote:That is the lowest jobless level since May 1969.
Why wouldn’t you believe that?
Who do you know who is unemployed that wants a job?
Posted on 2/3/23 at 6:53 pm to GEAUXT
quote:
Markets ended down because they were able to actually see through the BS.
Markets don’t want strong jobs numbers.
If they saw through it, rates would have gone down and market would have been higher.
Posted on 2/4/23 at 4:46 am to slackster
Yep, just reinforces higher rates for longer, which the market was wrong about.
This is the first instance these probabilities have favored the FFR getting to 500-525.
This is the first instance these probabilities have favored the FFR getting to 500-525.
Posted on 2/4/23 at 6:36 am to I Love Bama
JPow just got a stiffy. Time to push the money furnace into high gear. Kill the market
JPow gets wood for market manipulation, printing or burning money. Formerly we thought it was just printing
JPow gets wood for market manipulation, printing or burning money. Formerly we thought it was just printing
Posted on 2/6/23 at 12:42 pm to GEAUXT
quote:
Markets ended down because they were able to actually see through the BS.
We’re seeing additional follow through today that says the markets absolutely believe this number. 2-year rate is up 35 basis points since before the jobs report.
Posted on 2/6/23 at 12:45 pm to I Love Bama
Back when trump was president we had Steve Jobs, Johnny cash, and bob hope
Now that Brandon is president we have no hope, no Jobs, and no Cash!
Now that Brandon is president we have no hope, no Jobs, and no Cash!
Posted on 2/6/23 at 3:06 pm to I Love Bama
I started a new job in January.
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