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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 by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73746 posts
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.
Posted by TDFreak
Coast to Coast - L.A. to Chicago
Member since Dec 2009
9164 posts
Posted on 3/6/26 at 10:27 am to
AI is taking everybody’s jobs. Universal basic income incoming.
Posted by LSURussian
Member since Feb 2005
134352 posts
Posted on 3/6/26 at 10:30 am to
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 by DarthRebel
Tier Five is Alive
Member since Feb 2013
25416 posts
Posted on 3/6/26 at 10:30 am to
They push information out fast on estimations and feelings, then when actuals arrive they are always off.

Also, market manipulation.
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
19717 posts
Posted on 3/6/26 at 10:36 am to
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 by ronricks
Member since Mar 2021
11587 posts
Posted on 3/6/26 at 10:37 am to
How many low iq Illegals do you know working in IT?

Posted by Kenny Wu
Member since Feb 2014
533 posts
Posted on 3/6/26 at 10:42 am to
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 by CastleBravo
Rapid City, SD
Member since Sep 2013
1482 posts
Posted on 3/6/26 at 6:06 pm to
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 by Motownsix
NOLA
Member since Oct 2022
3217 posts
Posted on 3/6/26 at 6:40 pm to
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 by Motownsix
NOLA
Member since Oct 2022
3217 posts
Posted on 3/6/26 at 6:48 pm to
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 by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73746 posts
Posted on 3/6/26 at 7:25 pm to
I meant that the labor market is consistent with an economy shrinking around 1%
Posted by ronricks
Member since Mar 2021
11587 posts
Posted on 3/6/26 at 8:45 pm to
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.
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