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What in the fresh hell is going on in the labor market?
Posted on 3/6/26 at 9:59 am
Posted on 3/6/26 at 9:59 am
I was legit hopeful today would be a decent reading. Earlier this week we got ISM surveys showing solid expansion. Jobless claims also hovered near record lows. Other readings such as labor productivity, etc were decent to good.
And today I wake up to a -92k print?
I can’t remember the last time employment data was this out of sync with other indicators.
And today I wake up to a -92k print?
I can’t remember the last time employment data was this out of sync with other indicators.
7
Posted on 3/6/26 at 10:27 am to HailHailtoMichigan!
AI is taking everybody’s jobs. Universal basic income incoming.
Posted on 3/6/26 at 10:30 am to HailHailtoMichigan!
quote:
What in the fresh hell is going on in the labor market?
1) Lots of illegals leaving their jobs.
2) Teachers strike across California
3) 3 sequential massive blizzards across the mid-west, upper East coast and New England.
4) Holiday temp hiring becomes layoffs in January & February
5) AI employment reductions.
Posted on 3/6/26 at 10:30 am to HailHailtoMichigan!
They push information out fast on estimations and feelings, then when actuals arrive they are always off.
Also, market manipulation.
Also, market manipulation.
Posted on 3/6/26 at 10:36 am to LSURussian
quote:
Lots of illegals leaving their jobs.
It was telling that some of the loss leaders for jobs were hospitality, warehouses, construction, IT, etc.
Posted on 3/6/26 at 10:37 am to SquatchDawg
How many low iq Illegals do you know working in IT? 
Posted on 3/6/26 at 10:42 am to HailHailtoMichigan!
Tons of corporate layoffs due to mostly outsourcing and some AI. Nothing new, it’s been like this for a couple years now. Terrible job market for white collar workers.
Posted on 3/6/26 at 6:06 pm to ronricks
quote:
How many low iq Illegals do you know working in IT?
I happen to know quite a few H1B fraudsters working in IT.
Posted on 3/6/26 at 6:40 pm to LSURussian
quote:
1) Lots of illegals leaving their jobs.
Illegals who can’t work on the books who aren’t eligible for unemployment benefits are skewing the job numbers?
Posted on 3/6/26 at 6:48 pm to HailHailtoMichigan!
quote:
I can’t remember the last time employment data was this out of sync with other indicators.
Are there other indicators of employment levels other than the number of people working and not working?
Posted on 3/6/26 at 7:25 pm to Motownsix
I meant that the labor market is consistent with an economy shrinking around 1%
Posted on 3/6/26 at 8:45 pm to CastleBravo
quote:
I happen to know quite a few H1B fraudsters working in IT.
Those aren’t Illegal Immigrants from places like Honduras, Guatemala, El Salvador, Somalia, Ethiopia, etc where the average iq is around 80ish.
Posted on 3/7/26 at 8:26 am to ronricks
No but they may be people that were squeezed out over the last cycle. We know H1Bs have been under scrutiny.
Posted on 3/7/26 at 8:48 am to TDFreak
quote:
AI is taking everybody’s jobs. Universal basic income incoming.
Sounds catchy but not accurate. Some of this is in the future, but is currently insignificant.
Posted on 3/7/26 at 8:48 am to HailHailtoMichigan!
AI is starting to make an impact. For many it will be better than outsourcing.
Started in the CGI world at the dawn of its history. Now the young who are studying it or in it fear for their future. They fear that they will be like pit musicians. However, they could become sound engineers. Always opportunities as well as those devastated.
Started in the CGI world at the dawn of its history. Now the young who are studying it or in it fear for their future. They fear that they will be like pit musicians. However, they could become sound engineers. Always opportunities as well as those devastated.
This post was edited on 3/7/26 at 8:53 am
Posted on 3/7/26 at 9:07 am to HailHailtoMichigan!
The hiring process is so broken
God knows how many people have been out of work for a year + at this point
Getting past the workday ATS shite programs is hard enough. If you’re a straight white male, forget about going any further in the process
God knows how many people have been out of work for a year + at this point
Getting past the workday ATS shite programs is hard enough. If you’re a straight white male, forget about going any further in the process
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