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re: According to Goldman Sachs, a DOWNWARD revision of up to -950,000 jobs is coming

Posted on 9/4/25 at 9:53 pm to
Posted by TheePalmetto
Member since Aug 2025
1904 posts
Posted on 9/4/25 at 9:53 pm to
quote:

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.


Cut one million and assume their salary and benefits are only 100k on average (probably higher) and that’s $100 billion alone right there just in personnel. Don’t have to worry about their retirement pay either, don’t have to worry about business related expenses for them either. Can push them back to the private sector and push illegals and cheap foreign ringers back to where they belong and we’re cooking. Need to start fining companies for each non American citizen they employ but that’s another topic.
Posted by FireawayLSU
Baton Rouge
Member since Nov 2023
1744 posts
Posted on 9/4/25 at 10:01 pm to
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?


Hey person with TDS you do realize this shows YOUR party was lying about job numbers for the election right?? No probably not. Here I’ll help. Last YEAR ending MARCH 2025.
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
50952 posts
Posted on 9/4/25 at 10:07 pm to
quote:

AI is gonna kill the workforce
It's going to kill the gig economy
Posted by imjustafatkid
Alabama
Member since Dec 2011
62739 posts
Posted on 9/4/25 at 10:10 pm to
quote:

Curious—are you at a a Big 4, large regional or local firm?


I guess we qualify as large regional now.
Posted by imjustafatkid
Alabama
Member since Dec 2011
62739 posts
Posted on 9/4/25 at 10:12 pm to
quote:

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.


Yep. We specialize in local government, so we've gone fully remote and started recruiting nationwide so we can keep our team staffed. Has made a world of difference in recruiting and keeping talent, but we're still constantly looking.
This post was edited on 9/4/25 at 10:13 pm
Posted by Honest Tune
Louisiana
Member since Dec 2011
19285 posts
Posted on 9/4/25 at 10:16 pm to
quote:

No, you get fricked dude. That is not unreasonable at all for a fricking engineer to ask for


No shite. I had to read it twice.
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 9/4/25 at 11:41 pm to
5 pages of people mostly arguing the job market is gang busters yet simultaneously think Jerome Powell is playing political games by not cutting rates sooner. fricking hilarious.
Posted by timdonaghyswhistle
Member since Jul 2018
20797 posts
Posted on 9/4/25 at 11:58 pm to
quote:

AI - and it won’t stop. In 10 years, probably most tech jobs will be no more.


Apparently some people learned to code a little too well.
Posted by AUWDE
Member since Oct 2013
3524 posts
Posted on 9/5/25 at 6:31 am to
quote:

Haha, economy is booming... It is not Trump's fault, but he ain't helping. This trainwreck has been coming for years.


You realize the revision is the fake job numbers under Biden, right?
Posted by redneck hippie
Oklahoma
Member since Dec 2008
6290 posts
Posted on 9/5/25 at 7:32 am to
quote:

That person was fired because their analysis was wrong most of the time and had to be revised


That’s not what Kevin Hasset said in a Fox News interview. He never suggested the numbers were wrong. They are arguing the formula is outdated and doesn’t account for the whole economy, mainly gig economy jobs.
Yes. Trump said they were ‘fake. But that’s not what his advisers said
Posted by Gings5
Member since Jul 2016
11140 posts
Posted on 9/5/25 at 7:55 am to
That’s what most engineers are making 3 years out of engineering school. Maybe you should up your salaries…
This post was edited on 9/5/25 at 8:19 am
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297124 posts
Posted on 9/5/25 at 7:59 am to
quote:

5 pages of people mostly arguing the job market is gang busters yet simultaneously think Jerome Powell is playing political games by not cutting rates sooner. fricking hilarious.


Thats the cognitive dissonance you find here daily. Thats why the Poli board is the most interesting of any right now, so much to laugh at.

These folks will never be able to criticize progressive administrations again after pushing for wars, spending, debt, and market manipulation.
Posted by volinktown
Member since Apr 2017
1065 posts
Posted on 9/5/25 at 8:02 am to
Trump fired that person because he dish out fake numbers, not because he reported wake numbers.
Posted by fisherscatfan
Indianapolis
Member since Sep 2020
720 posts
Posted on 9/5/25 at 8:27 am to
Thanks.

I recently retired from a large regional and my son is graduating college this next year. He’s hopefully going to intern at my old firm (although mergers have made it different) and was curious what the hiring environment was like across the industry. From my friends at my firm, the candidate pool is getting weaker especially in the social skills area. Just curious and glad to hear still hiring across the industry.
Posted by imjustafatkid
Alabama
Member since Dec 2011
62739 posts
Posted on 9/5/25 at 8:40 am to
quote:

the candidate pool is getting weaker especially in the social skills area


Yeah the kids who went to college during COVID created some...iffy candidates for the social skills/marketing part of the job. We're starting to see better-developed candidates in this area now that we're back to kids who weren't forced into a home-schooled college experience.
This post was edited on 9/5/25 at 8:42 am
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