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WSJ is a shite rag

Posted on 6/6/25 at 7:42 am
Posted by udtiger
Over your left shoulder
Member since Nov 2006
114896 posts
Posted on 6/6/25 at 7:42 am
Headline...

Hiring slows in May with 139k jobs added.

In the body of the article, number beat the 125k estimate.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97589 posts
Posted on 6/6/25 at 7:44 am to
They revised the previous two months lower by 95k

Earnings up tho

quote:

The BLS Jobs report showed that there was an increase of 139,000 jobs in the month of May, which was a little above market expectations of 130,000. Employment gains in March and April were revised lower by a combined 95,000. The unemployment rate remained at 4.2%, matching estimates. Average weekly earnings were up 0.4% for the month and up 3.9% year over year.
Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 6/6/25 at 7:44 am to
"framing"

Even uppity WSJ readers that still subscribe to the physical paper are susceptible to it.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
20030 posts
Posted on 6/6/25 at 7:53 am to
quote:

In the body of the article, number beat the 125k estimate.

Until they change it
Posted by ragincajun03
Member since Nov 2007
29067 posts
Posted on 6/6/25 at 8:26 am to
Well technically hiring did slow when compared to the 147k jobs added in April. Also, all someone has to do is get past the headline and read the actual article to see that the economy is fine and at least holding steady.

Fifth paragraph even states that Federal government employment shrank by 22k jobs...which is more than the total decline in added payroll jobs.

Personally, I don't find anything wrong with the headline or article. That's just me, though.
Posted by RohanGonzales
Pronoun: Whatever
Member since Apr 2024
10357 posts
Posted on 6/6/25 at 8:39 am to
quote:

Until they change it


so like always

Whoever puts the numbers out needs to fix their seasonal adjustments
Posted by Auburn80
Backwater, TN
Member since Nov 2017
9968 posts
Posted on 6/6/25 at 8:44 am to
This is what gets you upset?
Posted by armtackledawg
Member since Aug 2017
14451 posts
Posted on 6/6/25 at 8:47 am to
If they didn't report that a massive amount of the phony job "gains" under Biden were in government (which is disgusting), then I do not want to hear from them.
Posted by prplngldtigr
just up da bayou from down
Member since Dec 2004
8158 posts
Posted on 6/6/25 at 8:49 am to
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
35809 posts
Posted on 6/6/25 at 9:00 am to
The reality is that it will have been under the 125k estimate once it is revised down in two or three months.
Posted by Penrod
Member since Jan 2011
55028 posts
Posted on 6/6/25 at 9:07 am to
quote:

Personally, I don't find anything wrong with the headline or article. That's just me, though.

Me neither. But some people expect the media to fellate their chosen candidates.
Posted by SlidellCajun
Slidell la
Member since May 2019
16336 posts
Posted on 6/6/25 at 9:08 am to
Markets are soaring
Posted by Nosevens
Member since Apr 2019
18980 posts
Posted on 6/6/25 at 9:43 am to
Yay we are over estimated number and after the last 4 years of Biden on top of that first year of covid collapse we are fortunate not to be in a hastened free fall. That said if a minimum of a 250k jobs report isn’t met then it’s not good. During last administration numbers were false positives and false in general as many of the jobs created were government, those can be considered as a negative result any time a government job is created. This 250k is probably not close either as being a minimum as that is a number derived 20 plus years ago as a bottom line one. Yes 22k government jobs are supposedly reduced, not nearly enough but it’s a start.
Posted by Indefatigable
Member since Jan 2019
37033 posts
Posted on 6/6/25 at 1:34 pm to
quote:

WSJ is a shite rag

It’s far and away the best mainstream paper in the US
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