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re: Peter Schiff warns US job numbers up only because Americans ‘forced to take 2 or 3 jobs'

Posted on 2/26/24 at 12:01 pm to
Posted by slackster
Houston
Member since Mar 2009
85487 posts
Posted on 2/26/24 at 12:01 pm to
quote:

Over Biden's tenure, multiple job holders are up ~25%. That is the sole point of reference.


.8% of all employed people. Yes, that’s a 25% increase, but we’re talking about an increase of 1.6 million total jobs. Non-farm payrolls are up 15 million over the same timeframe.
This post was edited on 2/26/24 at 5:20 pm
Posted by roadkill
East Coast, FL
Member since Oct 2008
1868 posts
Posted on 2/26/24 at 1:03 pm to
quote:

Non-farm payrolls are up 15 million over the same timeframe.



Minus the previously existing jobs rehired after COVID - that's a BIG inconvenient number for bidenomics.
Posted by TigerDoug
Lees Summit
Member since Mar 2017
621 posts
Posted on 2/26/24 at 4:23 pm to
Have any of you looked at the Bureau of Labor Statistics.

The January 5th 2024 report states the following:

Employment in government increased by
52,000 in December. Over the month,
employment continued to trend up in local
government (+37,000) and federal government
(+7,000). Job growth in government averaged
56,000 per month in 2023, more than double
the average of 23,000 per month in 2022


LINK: January 5th BLS report on jobs
This post was edited on 2/26/24 at 4:24 pm
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