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re: Jobs Report Crushes Estimates

Posted on 2/3/23 at 3:47 pm to
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
52036 posts
Posted on 2/3/23 at 3:47 pm to
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.
Posted by I Love Bama
Alabama
Member since Nov 2007
37765 posts
Posted on 2/3/23 at 3:49 pm to
The State of The Union address is a few days away....
Posted by molsusports
Member since Jul 2004
36177 posts
Posted on 2/3/23 at 5:16 pm to
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

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