Started By
Message

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

Posted on 2/26/24 at 2:13 pm to
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
52036 posts
Posted on 2/26/24 at 2:13 pm to
quote:

The numbers don't back him up. Multiple job holders, as a percentage of those employed, is actually LOWER than it was in January of 2020.


The whole jobs thing is interesting to me. We have (reportedly) ongoing massive job creation going on yet Unemployment has been slowly ticking upward, the LFPR has yet to recover to pre-COVID levels and new jobless claims are remaining low while continued claims are slowly ticking upward (which I am taking to mean that more and more people filing new claims are stay jobless longer). The Boomer generation (slowly) bowing out of the labor pool makes things chaotic, but that can't account for everything.

Taking it all in together it may be that what we're seeing is more reflective of the people who are staying in the job market more and more being the ones who have already been working multiple jobs (as opposed to a glut of people moving into holding multiple jobs).
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram