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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 4:23 pm to slackster
Posted on 2/26/24 at 4:23 pm to slackster
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
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
Posted on 2/26/24 at 5:06 pm to TigerDoug
Yeah, the two big sectors where job growth has been most prevalent over the last year has been government and leisure/hospitality. Those are both heavily weighted on service (as opposed to production, or even transportation) and as such can be more vulnerable to economic downturns (leisure/hospitality far moreso than government).
Posted on 2/26/24 at 5:18 pm to TigerDoug
Yeah government jobs are substantial, but they just crossed their Feb 2020 threshold in October of 2023.
In other words, it’s not like they’re any more or less responsible for jobs overall. In fact, they’re up less from February 2020 than total non-farm jobs.
In other words, it’s not like they’re any more or less responsible for jobs overall. In fact, they’re up less from February 2020 than total non-farm jobs.
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