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Started By
Message
re: According to Goldman Sachs, a DOWNWARD revision of up to -950,000 jobs is coming
Posted on 9/4/25 at 4:12 pm to Ace Midnight
Posted on 9/4/25 at 4:12 pm to Ace Midnight
Any normal person sees that and agrees, but these are odd times.
0
Posted on 9/4/25 at 5:37 pm to stout
Shouldn't this read . . . a downward revision of 950,000. . .OR . . .a revision of -950,000. . .
NOT . . .a downward revision of up to -950,000
NOT . . .a downward revision of up to -950,000
Posted on 9/4/25 at 5:45 pm to Stumpknocker
quote:
8000 boomers retire each day. That’s 3.2 million per year.
So there should be an increase in openings, which are underwater from this am’s data
Posted on 9/4/25 at 6:04 pm to imjustafatkid
Curious—are you at a a Big 4, large regional or local firm?
Posted on 9/4/25 at 6:17 pm to fisherscatfan
How are illegals accounted for in these counts?
Posted on 9/4/25 at 6:59 pm to stout
quote:
What’s happening to the labor market
It’s being deported
Posted on 9/4/25 at 7:06 pm to GumboPot
quote:
I'm the busiest I've ever been and we can't hire enough people...(engineering and CAD).
Chemical engineering is way down, lots of contracts were cancelled about 6 months ago. Chemical plants had orders for 4th quarter drop pretty bad from previous months.
Farmers will be going bankrupt because no one is buying grain from the US. Argentina and Brazil are laughing all the way to the bank even with low prices.
Posted on 9/4/25 at 7:07 pm to imjustafatkid
quote:
I'm the busiest I've ever been and we can't hire enough people...(engineering and CAD).
CPA firm here, same deal.
Same - public accounting. Still been hiring and busy. But there has been less people going into accounting in last several years and work keeps piling up.
Posted on 9/4/25 at 7:33 pm to stout
Ok OP seems intentionally misleading here.
The top graphic is a revision downward for the 12 months ending March 2025. That means 950,000 jobs revised downward, mostly under Biden admin. I’m guessing this is fixing Biden admin fudged numbers.
Bottom graphic is saying “jobs cut” which is not the overall jobs report. Jobs cut is just jobs cut, doesn’t take into account jobs created. Jobs report is the net difference. Example: jobs cut is 88,000 in August. But if August sees jobs created as 200,000 then jobs report shows a net gain of 112,000 jobs. OP is trying to tie the two together when they are not the same thing
The top graphic is a revision downward for the 12 months ending March 2025. That means 950,000 jobs revised downward, mostly under Biden admin. I’m guessing this is fixing Biden admin fudged numbers.
Bottom graphic is saying “jobs cut” which is not the overall jobs report. Jobs cut is just jobs cut, doesn’t take into account jobs created. Jobs report is the net difference. Example: jobs cut is 88,000 in August. But if August sees jobs created as 200,000 then jobs report shows a net gain of 112,000 jobs. OP is trying to tie the two together when they are not the same thing
Posted on 9/4/25 at 7:39 pm to Brosef Stalin
quote:
Didn't Trump just fire the person in charge of reporting jobs numbers because he didn't like what they were putting out? Is he gonna fire this person too?
That person was fired because their analysis was wrong most of the time and had to be revised. Sort of like this, only this is much worse.
Of course someone needs to be terminated for such a mistake.
Posted on 9/4/25 at 8:37 pm to stout
The people who compile the numbers for the government aren’t all politically motivated. The woman that trump fired worked in the department when trump was president from 16-20!
Posted on 9/4/25 at 8:39 pm to stout
My algorithm on X is littered with stuff like this now. Price of gold shooting up, job numbers being bad, bankruptcy search data sky rocketing.
Can't tell if legit or of just same stuff we have heard for a while.
I know gold tracking the bill run in the stock market is basically unprecedented.
Can't tell if legit or of just same stuff we have heard for a while.
I know gold tracking the bill run in the stock market is basically unprecedented.
Posted on 9/4/25 at 8:40 pm to TBoy
quote:
TBoy
You really are dumb.
Posted on 9/4/25 at 8:52 pm to stout
Well they always know everything before anyone else
Posted on 9/4/25 at 9:20 pm to GumboPot
quote:
(engineering and CAD).
Are you the office guy? Got family headed to build Starbase
Posted on 9/4/25 at 9:23 pm to stout
Looks like the tariffs are working
Posted on 9/4/25 at 9:33 pm to stout
If that loss is due to cutting a bunch of federal employees then it’s a win for everyone.
Posted on 9/4/25 at 9:34 pm to TheePalmetto
quote:
that loss is due to cutting a bunch of federal employees then it’s a win for everyone.
If it made some material difference in our deficit spending I might be inclined to agree with you. But it doesn't so I'm not convinced we benefit at all.
Posted on 9/4/25 at 9:38 pm to GumboPot
Same. Been booking job after job.
Received the largest bid package in the last 20 years this afternoon. Client is ready to place.
Received the largest bid package in the last 20 years this afternoon. Client is ready to place.
Posted on 9/4/25 at 9:41 pm to Clames
Thank you. Remember, bad numbers = Biden’s economy, good numbers = Trump’s economy.
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