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Started By
Message
US job openings drop to more than 3-1/2 year low in September
Posted on 10/29/24 at 10:00 am
Posted on 10/29/24 at 10:00 am
quote:
WASHINGTON, Oct 29 (Reuters) - U.S. job openings fell to the lowest level in more than 3-1/2 years in September and data for the prior month was revised down, pointing to a considerable easing in labor market conditions.
Job openings, a measure of labor demand, dropped by 418,000 to 7.443 million by the last day of September, the lowest level since January 2021, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday.
Data for August was revised down to show 7.861 million unfilled positions instead of the previously reported 8.040 million. Economists polled by Reuters had forecast 8.00 million job openings. Hires increased 123,000 to 5.558 million. Layoffs rose 165,000 to 1.833 million.
Hurricanes and strikes are likely to temporarily obscure the labor market view, with job gains expected to have slowed significantly in October. Nonfarm payrolls probably increased by 115,000 jobs after rising 254,000 in September, a Reuters survey of economists showed.
That would be the smallest count in six months. The unemployment rate is forecast unchanged at 4.1%. Federal Reserve officials are likely to shrug off October's employment report when they meet next month.
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Posted on 10/29/24 at 10:01 am to RLDSC FAN
Kamablanomics working!
Posted on 10/29/24 at 10:01 am to RLDSC FAN
quote:
and data for the prior month was revised down,
as predicted
Posted on 10/29/24 at 10:08 am to RLDSC FAN
they are no job openings because of record low unemployment numbers, everybody has jobs 
Posted on 10/29/24 at 10:11 am to RLDSC FAN
What happened 3.5 years ago to cause this?
Posted on 10/29/24 at 10:12 am to Cosmo
quote:
Kamablanomics working!
Yeah. Sucks that people have jobs.
Posted on 10/29/24 at 10:13 am to TCO
Posted on 10/29/24 at 10:13 am to RLDSC FAN
Harris America
I predict 50% of working males will be unemployed in 4 more years.
I predict 50% of working males will be unemployed in 4 more years.
Posted on 10/29/24 at 10:13 am to RLDSC FAN
This data is so meaningless. We are measuring health of the economy based on an outdated metric. What good is it to measure whether someone is employed or not if there’s no data on income level associated with it? Great unemployment is low and people still can’t afford shite
Posted on 10/29/24 at 10:14 am to kywildcatfanone
quote:
Harris America
How’s your 401k doing?
Posted on 10/29/24 at 10:15 am to TCO
Posted on 10/29/24 at 10:22 am to TCO
quote:
How’s your 401k doing?
Our dollars are worth 75% of what they were worth in January 2021. If that. So be sure to factor that in when you answer this question. Just multiply your current balance by .75 or .70.
Posted on 10/29/24 at 10:26 am to RLDSC FAN
Yet, I still can't find 5 insulators paying 30/hr and $135/day per diem.
Posted on 10/29/24 at 10:32 am to TCO
quote:
How’s your 401k doing?
How much is a dollar worth now compared to 4 years ago. Start there.
Posted on 10/29/24 at 10:34 am to TCO
quote:
How’s your 401k doing?
Would be doing significantly better if I didn't dump so much money into inflated every day costs.
Posted on 10/29/24 at 10:36 am to kywildcatfanone
quote:
How much is a dollar worth now compared to 4 years ago. Start there
So few of these people harping on stock market gains realize that most of it is just inflationary. So your stocks are more expensive? Congrats. So is everything we need to live our lives.
Posted on 10/29/24 at 10:38 am to SloaneRanger
quote:
So few of these people harping on stock market gains realize that most of it is just inflationary. So your stocks are more expensive? Congrats. So is everything we need to live our lives.
Market gains + dividends have outpaced inflation by a substantial margin.
Posted on 10/29/24 at 10:39 am to BugAC
quote:
and data for the prior month was revised down,
Remember just a couple weeks ago when the FBI had to “revise” crime data way up? Funny how when things like economic and crime data come out, they initially make things look rosy under Democrats, and of course this is heavily promoted by the media to show how good the country is doing under Democrats, then later on those same stats are always quietly “revised” in the opposite direction and show things are actually going to shite under Democrats. But of course the media never seems to think that’s as big of a story so they either ignore it all together or bury it way down in their content.
Funny how it always out like that.
Posted on 10/29/24 at 10:40 am to RLDSC FAN
I guess i won't look for a job then. I'll just light up another bowl and refill my coffee cup.
Posted on 10/29/24 at 10:43 am to DCtiger1
quote:
This data is so meaningless. We are measuring health of the economy based on an outdated metric. What good is it to measure whether someone is employed or not if there’s no data on income level associated with it? Great unemployment is low and people still can’t afford shite
And that's not even the worst part of using unemployment numbers as a measuring stick. Once someone stops filing for unemployment, they no longer count towards the unemployment figure. What is missing form this are the number that are underemployed and those that have exhausted their unemployment benefits and are still seeking work.
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