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Message

Jobs data is bogus
Posted on 8/5/22 at 8:40 am
Posted on 8/5/22 at 8:40 am
No way 500k jobs were created. Totally manufactured so the msm and D's lie about how great the economy is doing. Layoffs happening all over the place, and the Fed will raise rates at least another 75 basis pts. Assholes
Posted on 8/5/22 at 8:43 am to Longdriver98
I don't believe ANYTHING that this admin says.
Posted on 8/5/22 at 8:45 am to Longdriver98
quote:
No way 500k jobs were created
Still not back to pre-covid levels.
Posted on 8/5/22 at 8:46 am to Longdriver98
Like the old Soviet Union - had a record wheat harvest every year and no bread in the stores. It doesn't add up.
Posted on 8/5/22 at 8:47 am to Longdriver98
quote:
No way 500k jobs were created
Not created but filled as 2nd or 3rd jobs.
Posted on 8/5/22 at 8:48 am to Longdriver98
They’re not new jobs.
It’s just a continuation of people going back to work post Covid
It still looks like where right below the unemployment and the workforce participation numbers posted before the shutdowns
It’s just a continuation of people going back to work post Covid
It still looks like where right below the unemployment and the workforce participation numbers posted before the shutdowns
This post was edited on 8/5/22 at 8:49 am
Posted on 8/5/22 at 8:50 am to Longdriver98
Never believe stats from the gov't; all propaganda in some form. Household survey and almost all other economic surveys from the business side have a 180 degree outlook.
Reminds me of the BS numbers during the BO days.
Reminds me of the BS numbers during the BO days.
Posted on 8/5/22 at 8:50 am to Longdriver98
quote:
Jobs data is bogus
you must not have gotten the updated definitions and/or formulas the this admin has created out of thin air.
Posted on 8/5/22 at 9:12 am to Longdriver98
quote:
Layoffs happening all over the place
While I agree the overall messaging is crap, I’m not seeing anything about large-scale layoffs.
Posted on 8/5/22 at 9:15 am to oldskule
quote:
I don't believe ANYTHING that this admin says.
Me either. Our school system is at 50% capacity for custodians and grounds people positions. Can’t get anyone to come back to work. It’s not just here.
Posted on 8/5/22 at 9:15 am to Longdriver98
quote:
Layoffs happening all over the place
I must not live or travel for work amongst such places. I see almost the opposite, which honestly is expected after the huge March and April 2020 losses due to governments shutting down commerce all over the place.
Posted on 8/5/22 at 9:23 am to oldskule
quote:
I don't believe ANYTHING that ANY admin says.
FIFY.
Once you accept the fact that both Rs and Ds run the apparatus that is lying to you, you'll be in better shape.
Posted on 8/5/22 at 9:25 am to Longdriver98
quote:
Charles V Payne @cvpayne
Household Survey
Full Time -71,000
Part Time +384,000
Multiple Jobs +92,000
Posted on 8/5/22 at 9:26 am to Longdriver98
I think they are counting people that are having to work 2-3 jobs as a great thing, which, obviously the opposite is true.
Posted on 8/5/22 at 9:27 am to Longdriver98
Posted on 8/5/22 at 9:32 am to Ag Zwin
quote:
I’m not seeing anything about large-scale layoffs.
Wal Mart laid off 200 corporate employees this week, I believe... Looking at layoffs at their stores...
Also, Amazon is looking to shrink its workforces as well...
While not necessarily large scale, when retailers start laying off, manufacturers are not far behind...
Posted on 8/5/22 at 9:33 am to Longdriver98
this again? Trump called the numbers totally bogus until he got in office then all of a sudden the numbers were good.
Posted on 8/5/22 at 9:33 am to Longdriver98
500,000 might be created, but how many lost jobs and/or transfered jobs?
That is how they cook the numbers
That is how they cook the numbers
Posted on 8/5/22 at 9:52 am to Longdriver98
My company is hiring people left and right and we still have great jobs to fill. Layoffs are not happening in large numbers, nor are we seeing an increase in WARN Notices(large scale layoffs). Perhaps the numbers are what they say they are. If we can get the supply chain issues under control, the economy would explode. Not sure why we are not celebrating this good news on the jobs data.
Posted on 8/5/22 at 9:58 am to Longdriver98
Yeah I don’t think the layoffs are happening yet, but I think it’s on the horizon and companies are putting procedures in place to do it if need be. My girlfriend works for a recruiting firm that has accounts with a lot of top consulting and other Fortune 500 firms. Basically most are now cooling down on hiring, some have put hiring freezes in place.
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