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Atrocious jobs report just out: only 12k jobs created, previous 2 months revised down 112k
Posted on 11/1/24 at 7:38 am
Posted on 11/1/24 at 7:38 am
Private sector loses employment (-28k) for first time in 4 years
Labor market clearly cooling
job openings listed on indeed and job openings tracked by fed (JOLTs) are on a steady decline
Question now is if it starts bleeding over into monthly earnings
Loading Twitter/X Embed...
If tweet fails to load, click here. Labor market clearly cooling
job openings listed on indeed and job openings tracked by fed (JOLTs) are on a steady decline
Question now is if it starts bleeding over into monthly earnings
This post was edited on 11/1/24 at 7:41 am
20
Posted on 11/1/24 at 7:39 am to HailHailtoMichigan!
And there will be crickets from the MSM.
Posted on 11/1/24 at 7:40 am to ShakeandBake
quote:CNN: And here is why this is a good thing.
And there will be crickets from the MSM.
Posted on 11/1/24 at 7:42 am to HailHailtoMichigan!
Good. Frankly our economy can't handle full employment. Too many businesses can't get workers right now.
Posted on 11/1/24 at 7:43 am to HailHailtoMichigan!
Cause the jobs they include on that BS report and job numbers is even like seasonal crap and part time work.
Decent paying career jobs are not really hiring because of the economy. They can not afford to pay that kind of money and benefits for a bunch of extra people
Decent paying career jobs are not really hiring because of the economy. They can not afford to pay that kind of money and benefits for a bunch of extra people
Posted on 11/1/24 at 7:43 am to HailHailtoMichigan!
Companies over-hired after Covid.
Getting rid of dead weight/internet surfers/ WFH dogwalkers...
Productive people have no worries...
Getting rid of dead weight/internet surfers/ WFH dogwalkers...
Productive people have no worries...
Posted on 11/1/24 at 7:43 am to HailHailtoMichigan!
quote:
Labor market clearly cooling
2025 might be a disaster for most of us, regardless who wins.
Posted on 11/1/24 at 7:44 am to HailHailtoMichigan!
There have been layoffs and downsizing happening across my industry for the past 3 months.
Posted on 11/1/24 at 7:45 am to HailHailtoMichigan!
And unfortunately Kamala likely wins on Tuesday. Craziness
Posted on 11/1/24 at 7:47 am to RLDSC FAN
quote:
And unfortunately Kamala likely wins on Tuesday. Craziness
If she does, she will fail spectacularly.
I believe she is simply the scapegoat.
Posted on 11/1/24 at 7:49 am to RogerTheShrubber
Not likely...
Demographics, with an aging-out population, will still work in jobseekers' favor.
GDP still expanded last quarter at an almost 3% annual rate.
And let's be honest, there are people in the workforce now who were basically unemployable 10 years ago.
Lazy, uneducated, trashy; but employers had to take what they could get...
Demographics, with an aging-out population, will still work in jobseekers' favor.
GDP still expanded last quarter at an almost 3% annual rate.
And let's be honest, there are people in the workforce now who were basically unemployable 10 years ago.
Lazy, uneducated, trashy; but employers had to take what they could get...
Posted on 11/1/24 at 7:50 am to prplhze2000
quote:
Frankly our economy can't handle full employment
The old belief was that pushing debt with under 5.5% unemployment would create inflation.
We've been pushing debt in an economy with less than 4% unemployment for years.
The govt is trying to expand the economy with debt and immigration. Theyre literally importing people who will not have jobs.
Posted on 11/1/24 at 7:50 am to HailHailtoMichigan!
Does anyone know exactly how these numbers are figured?
Would someone be kind enough to breakdown exactly how they come up with these stats?
Is it unemployment filings? IRS Data?
Would someone be kind enough to breakdown exactly how they come up with these stats?
Is it unemployment filings? IRS Data?
Posted on 11/1/24 at 7:51 am to HailHailtoMichigan!
quote:
Private sector loses employment (-28k) for first time in 4 years
MSNBC and CNN just reported this is Trump's fault because he was President four years ago.
And if you don't agree you are a racist.
or Fascists
or a Nazi
or garbage
or hate woman
or weird
Or whatever the buzzword is today
Posted on 11/1/24 at 7:53 am to HailHailtoMichigan!
Is that why my brokerage account took a hit yesterday?
Posted on 11/1/24 at 7:54 am to HailHailtoMichigan!
Posted on 11/1/24 at 7:56 am to N2cars
quote:
Demographics, with an aging-out population, will still work in jobseekers' favor.
Assuming we keep creating jobs, which will require more debt.
I dont see how this is sustainable, there are already service cracks showing up big time.
Posted on 11/1/24 at 7:56 am to HailHailtoMichigan!
What's funny about the threads when jobs reports get revised down is that people like c on z who pimp the BS previous numbers never post in these threads admitting it was all lies by the Biden/Harris regime.
Posted on 11/1/24 at 7:57 am to HailHailtoMichigan!
Posted on 11/1/24 at 7:59 am to RogerTheShrubber
Look at how many businesses can't find workers. Notice how many businesses now close earlier after the pandemic? Can't find a coffee shop in my area that stay open after six but for a couple. Kroger and Walmart now close at 11. Corner market at 9. Every business owner tells me how tough it is now to get workers.
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