re: April jobs number 175k, well below 240k estimates. Markets rally

quote:

---

LOL, the aforementioned job growth has been in low paid part time jobs. Mostly filled by illegals. We’ve been losing full time jobs for a while now.

---

Illegals filling those jobs that show up in these reports is just nonsense, even if they are filling jobs unreported.

However, there is nothing inherently wrong with part-time jobs; the reasons matter. If one only needs or wants a part time job, then getting a part time job is good. If one needs or wants a full time job, then only getting a part time job is not so good.

Regardless, given that prime-age employment is near record highs, but boomers finally started to retire post-pandemic, which we knew would eventually come, I would expect part time employment to increase, as those retirees decide to work but on a part time base.

As for wages though. The lower wage jobs have had by far the most significant increase in wages over the last couple years, likely taking advantage of the tight labor market.

I just don’t understand this incessant need to find every little reason why something is bad whenever an economic report is released. If it’s a really good report, then y’all will find some obscure, highly volatile metric, that nobody has focused on before, even when the metric was worse in previous administrations to use as some sort of canary in the coal mine for a bad economic situation.

And when the reports aren’t great, then understandably focus on actual important metrics, but you ignore that the same obscure and volatile metric that focused on to downplay a good report, is often actually positive when it’s not a great report. Canary in the coal mine one month; completely ignored the next.