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Started By
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re: Huge miss on jobs report just out
Posted on 3/6/26 at 8:34 am to DallasTiger11
Posted on 3/6/26 at 8:34 am to DallasTiger11
Then leave.
0
Posted on 3/6/26 at 8:35 am to Boodis Man
quote:
this is an awful second term. one of the worst
Seriously though - how much of this is "felt"?
Posted on 3/6/26 at 8:35 am to SlowFlowPro
quote:
After Noem-gate yesterday you'd think you would be slow on the trigger here
She got moved to a different job. You losers making more out of it than it is makes no difference to me.
From your link:
quote:
A broader measure of unemployment that includes discouraged workers and those holding part-time positions for economic reasons moved lower, at 7.9% or 0.2 percentage point below the January level.
This is AWESOME news.
quote:
Wages rose more than expected. Average hourly earnings increased 0.4% for the month and 3.8% from a year ago, both 0.1 percentage point above forecast.
More AWESOME news.
quote:
Health care, the primary growth driver in payrolls, saw a loss of 28,000 due largely to a strike at Kaiser Permanente that sidelined more than 30,000 workers in Hawaii and California. Though the strike has since been resolved, it occurred during the BLS survey week so it subtracted from the jobs total.
Translation: 30,000 of the "job losses" weren't actually job losses at all, and shouldn't be included in your panic.
quote:
Federal government employment also fell, off 10,000 for the month. President Donald Trump’s efforts to pare federal payrolls has seen a slide of 330,000 jobs, or 11% of the total workforce, since October 2024, a few months before Trump took office, according to the BLS.
Should I be sad about 10,000 fewer federal government workers?
So, to rehash:
quote:
Nonfarm payrolls in February fell by 92,000, compared to the estimate for 50,000 and below the downwardly revised January total of 126,000. It was the third time in five months that the economy lost jobs.
The expectation was 50,000 jobs lost, and instead we got 92,000. 30,000 of that 92,000 weren't actual job losses and shouldn't have been counted, and 10,000 were federal workers, so...the job market hit the estimates. Let's panic!
Posted on 3/6/26 at 8:36 am to Boodis Man
Trumps second (third?) act has been a very different beast. The outsider that rightly inspired people to upend the political class has become entirely a creature of DC. Massive disappointment. And you can hear it in his voice. He sounds old
Posted on 3/6/26 at 8:38 am to imjustafatkid
quote:
The expectation was 50,000 jobs lost, and instead we got 92,000. 30,000 of that 92,000 weren't actual job losses and shouldn't have been counted, and 10,000 were federal workers, so...the job market hit the estimates. Let's panic!
.
Posted on 3/6/26 at 8:38 am to imjustafatkid
quote:
The expectation was 50,000 jobs lost, and instead we got 92,000. 30,000 of that 92,000 weren't actual job losses and shouldn't have been counted, and 10,000 were federal workers, so...the job market hit the estimates. Let's panic!
Expectation was 50,000 gained FYI.
quote:
A broader measure of unemployment that includes discouraged workers and those holding part-time positions for economic reasons moved lower, at 7.9% or 0.2 percentage point below the January level.
Labor participation rate plummeted. The denominator came down significantly hence the lower rate. Not as good as you would otherwise think.
Posted on 3/6/26 at 8:38 am to slackster
He's not exactly intelligent.
There is no point to explain why he's wrong. He'll just DKE you in response.
There is no point to explain why he's wrong. He'll just DKE you in response.
This post was edited on 3/6/26 at 8:39 am
Posted on 3/6/26 at 8:39 am to Ag Zwin
It’s almost like people didn't think that fricking over the currency for nearly two decades and a half would never have consequences and now they want to ignorantly put all the blame on only one person because of politics.
No, strike that. It's exactly like that.
No, strike that. It's exactly like that.
Posted on 3/6/26 at 8:39 am to EastWestConnection
Wages are still trending up...
So, there is that.
So, there is that.
Posted on 3/6/26 at 8:40 am to SnacknGold06
quote:
Yes but this report showed significant private job losses. Starting to cut into muscle instead of fat.
Those thousands of liberal scandalous entities averaged about 53 employees who did not ever show for work. Their doors are shut due to ICE on the move.
Posted on 3/6/26 at 8:41 am to SnacknGold06
quote:
Yes but this report showed significant private job losses. Starting to cut into muscle instead of fat.
quote:
Health care, the primary growth driver in payrolls, saw a loss of 28,000 due largely to a strike at Kaiser Permanente that sidelined more than 30,000 workers in Hawaii and California. Though the strike has since been resolved, it occurred during the BLS survey week so it subtracted from the jobs total.
So over 30% of the "losses" aren't even real losses
Posted on 3/6/26 at 8:42 am to Bard
quote:
It’s almost like people didn't think that fricking over the currency for nearly two decades and a half would never have consequences and now they want to ignorantly put all the blame on only one person because of politics.
No, strike that. It's exactly like that.
This sounds like a Bidenflation post
Posted on 3/6/26 at 8:42 am to The Egg
Still Biden's economy.
did i do this right?
did i do this right?
Posted on 3/6/26 at 8:43 am to the808bass
quote:
How much of our current economic situation would you ascribe to Trump?
Show us your posts saying this about Biden.
I swear, the degree to which posters here refuse to even consider any criticism of Trump is frustrating. Every bit as bad as the zealots on the left.
Posted on 3/6/26 at 8:43 am to The Egg
quote:
Revisions - Prior Change in Nonfarm Payrolls revised lower from +130K to +126K
- Prior Private Payrolls revised lower from +172K to +146K
- Prior Nonfarm Payrolls 3-month Avg Change revised lower from +73K to +50K
So all still in the positive?
Posted on 3/6/26 at 8:44 am to LNCHBOX
quote:so take that out of the number and it's still what, 65k negative on a 50k positive estimate?
o over 30% of the "losses" aren't even real losses
Posted on 3/6/26 at 8:45 am to Turnblad85
quote:
Between this and the Iran situation, the mid-terms going to be a bloodbath.
As long as Dem candidates keep saying stuff like "Mary could have aborted Jesus" and "God is nonbinary" the GOP will have a shot in any election even in poor conditions
Posted on 3/6/26 at 8:47 am to Boodis Man
quote:
this is an awful second term. one of the worst
Because we had positive job growth for February?
Posted on 3/6/26 at 8:47 am to The Egg
quote:
so take that out of the number and it's still what, 65k negative on a 50k positive estimate?
I mean, if you've got that big a number from obvious bullshite, how much more bullshite is packed in there to push a particular narrative?
And have we discussed that most of teh industries showing losses are those that would be most affected by deportations?
Posted on 3/6/26 at 8:48 am to LNCHBOX
quote:
I mean, if you've got that big a number from obvious bullshite, how much more bullshite is packed in there to push a particular narrative?
Holy shite
quote:
And have we discussed that most of teh industries showing losses are those that would be most affected by deportations?
The only people discussing this are ones who want to engage this topic dishonestly, because that's specifically not what's happening.
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