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Started By
Message
Jobs report a bit stronger than expected.
Posted on 6/6/25 at 7:41 am
Posted on 6/6/25 at 7:41 am
5
Posted on 6/6/25 at 7:45 am to bigjoe1
MarketWatch never misses an opportunity to take shots at Trump and tariffs.
quote:
Stocks on Wall Street set for a Friday bounce after May data show U.S. economy generating 139,000 new jobs
Trade wars, though, are taking a toll on hiring.
Posted on 6/6/25 at 7:48 am to bigjoe1
I mentioned this is another thread on the OT lounge about the weak adp report released Wednesday
The ADP report often seems to diverge from the bls numbers, in both directions.
I wonder why that is? This has been a thing for years now.
The ADP report often seems to diverge from the bls numbers, in both directions.
I wonder why that is? This has been a thing for years now.
Posted on 6/6/25 at 7:49 am to bigjoe1
The BLS Jobs report showed that there was an increase of 139,000 jobs in the month of May, which was a little above market expectations of 130,000. Employment gains in March and April were revised lower by a combined 95,000. The unemployment rate remained at 4.2%, matching estimates. Average weekly earnings were up 0.4% for the month and up 3.9% year over year.
Posted on 6/6/25 at 7:55 am to bigjoe1
This is pretty unacceptable by the bls.
This has been going on for *years*. Is it too much to ask for accurate initial readings?
The red bars are the revisions to each monthly report
This has been going on for *years*. Is it too much to ask for accurate initial readings?
The red bars are the revisions to each monthly report
Posted on 6/6/25 at 7:55 am to HailHailtoMichigan!
quote:
The ADP report often seems to diverge from the bls numbers, in both directions.
I've read the ADP report is taken from data that clients report to ADP and the BLS report uses more sources.
Posted on 6/6/25 at 8:16 am to HailHailtoMichigan!
Because the data is made up
Posted on 6/6/25 at 9:01 am to Longhorn Actual
quote:
MarketWatch never misses an opportunity to take shots at Trump and tariffs.
quote:
Stocks on Wall Street set for a Friday bounce after May data show U.S. economy generating 139,000 new jobs
Trade wars, though, are taking a toll on hiring.
Are we really sensitive to that one statement? Do you not think the back and forth stuff on tariffs take some sort of toll on hiring?
Doesn't mean Trump Administration is wrong in their view (I think they're mostly correct on this issue), but the current back and forth provides uncertainty for many businesses right now. That's a fact. Once the rules are finalized, either way, then the uncertainty can go away and it can be back to business as usual.
Posted on 6/6/25 at 9:01 am to bigjoe1
The BLS survey data has routinely been grossly overstating jobs. Once revisions hit, it's likely to be far closer to 100k than it is to 139k.
Posted on 6/6/25 at 9:38 am to Bard
Market must have been expecting a miss because the reaction has been quite green
This post was edited on 6/6/25 at 9:39 am
Posted on 6/6/25 at 10:03 am to HailHailtoMichigan!
The whisper number was 125k
Posted on 6/6/25 at 10:09 am to Bard
Honestly BLS has been bogus for years. They still use survey responses, despite the fact they have access to the quarterly wage submissions provided by employers.
LWC stopped publishing a lot of data or combining categories for publication after the advocate started pointing out the employment numbers were impossible.
In reality the largest employers in the state were, Walmart and Target, but LWC published it was Tulane and the city of New Orleans…and Walmart wasn’t in the top 5.
LWC stopped publishing a lot of data or combining categories for publication after the advocate started pointing out the employment numbers were impossible.
In reality the largest employers in the state were, Walmart and Target, but LWC published it was Tulane and the city of New Orleans…and Walmart wasn’t in the top 5.
Posted on 6/6/25 at 12:05 pm to HailHailtoMichigan!
quote:
Market must have been expecting a miss because the reaction has been quite green
Likely a little bit of that combined with a little bit of desperation to find any good news to glom onto.
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