Sept. jobs #'s more than double what was expected.

This has nothing to do with Trump!

-SFP

Where was the biggest growth?

Any revisions for the last months

quote:

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Any revisions for the last months

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Yes.. for whatever reason I can't copy paste... but go to bls.gov

Initial jobless claims down to 220k vs. 227k est. & 228k prior; continuing claims up to 1.974M vs. 1.950M est. & 1.946M prior … greatest increases in KY (+0.7k), MN (+0.6k), & WI (+0.3k); greatest decreases in MI (-5.3k), NJ (-2.5k), & CA (-1.9k)

What’s shocking to me about that graph is that Florida despite having one of the biggest population migrations in US history during that period is sandwiched between WV and Arkansas as far as GDP per capita.

I can only assume that means that while people are moving to Florida with money they aren’t generating much wealth there which is very interesting.

Imbedded in the survey:

September versus YAG

Foreign born employment (700K)
American born employment +2,468K

Yet the participation rate remained the same. Sounds like someone wasnt counting total employable people last year to make the unemployment percentage look a lot better than it was.

Federal workforce:

During biden he increased the workforce approximately 140K

September vs YAG (97K)

Remember all those on furlough/severance pending job loss are still considered employed.

The population boom leans heavily towards retirees. Nice bump for the healthcare industry down there, but most of them are draining down 401ks and other savings, vs going out and getting a job.

That was true pre-Covid but not for the massive Covid era population influx.

You had families and independently wealthy individuals moving either IRL or for tax purposes resulting in an unprecedented wealth transfer during that period which is why I had expected to see a larger GDP impact that isn’t really reflected in the numbers here.