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re: Ouch! 275k Jobs Added in February
Posted on 3/8/24 at 1:45 pm to SloaneRanger
Posted on 3/8/24 at 1:45 pm to SloaneRanger
quote:
What is good about it? Seriously asking. I see a bunch of menial and part time jobs being filled by illegal immigrants. Full time jobs and jobs for native Americans are falling. And to top it off the number is likely to be revised downward. I'm searching for something to be excited about, but don't see it. These are not the numbers found in a healthy economy.
What? Fluffed up BLS labor data is all foreign born immigrants you say? Can't be.
LINK
Posted on 3/8/24 at 2:43 pm to Art Blakey
quote:These data are highly cyclical/seasonal, particularly without any season adjustments. For example, if you look at the native population employment level in the middle of Trump's term, from July 2018 to January 2019, it shows a drop of 2,479,000, which is actually 32,000 more (just 1.3% though) than the 2,447,000 drop from July 2023 to January 2024. And not only are those numbers extremely close, the month to month chart looks quite, so clearly some sort of pattern that happens during this time period.
What? Fluffed up BLS labor data is all foreign born immigrants you say? Can't be.
So whatever the interpretation of this for the most recent months, one should probably apply a similar interpretation to 2018
Finally though, if you look at the data from 2010-2019, you can a pretty clear upward trend but also a pretty noticeable seasonal/cyclical pattern pretty much every year.
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