Jobs report: 263k jobs added

[Concart]

I don’t know if it’s funny, or sad, that no one has actually talked about the report and it’s data. We see a job number but have absolutely no context for it. Instead it’s just the usual partisan tribalism based on a headline.

What the number means is that employers are still hiring. Which caused the markets to absolutely tank, because they are simplistic and reactionary. More hiring in the simplistic world of markets means more growth therefore more inflation therefore more fed tightening. A recession is now completely baked into the markets, but they will continue to overreact to every little piece of news. Smart people are about to scoop up the bargains.

Overall, the number means that this inflation is not 'normal' it is a continued lingering effect of the pandemic. A mild recession seems like the most likely outcome. I'm standing pat and collecting my income.

 

[T. A. Gardner]

Bureau of Labor Statistics:

The labor force participation rate represents the number of people in the labor force as a percentage of the civilian noninstitutional population. In other words, the participation rate is the percentage of the population that is either working or actively looking for work. Bureau of Labor Statistics:

The labor force participation rate is calculated as: (Labor Force ÷ Civilian Noninstitutional Population) x 100.

https://www.bls.gov/cps/definitions...n,Civilian Noninstitutional Population) x 100.

And...?

 

[Concart]

I went to the 'SC game Saturday and going back to when I was a student they've always had a couple of people on gameday standing outside the Coliseum with megaphones yelling at everyone that they are going to hell and they need Jesus and shouldn't be at the game, or something like that. (I'm a Christian and I have no idea what these people are saying.)

That's what this yelling of Revolution is to me. It's noise that's just repeated over and over. When California shockingly passed pro free market/pro development legislation to allow for the building of new housing and it was called the Revolution and a call for Tucker Carlson to look into it just shows you there is no rhyme or reason.

Hawkeye is the crazy guy, and JPP is his megaphone. Sadly, one no longer has to bring ideas to marketplace. Crazy is good enough.

 

[Lionfish]

 

[Cypress]

Once again, one of their favorite canards is the labor participation rate. And they don't know what the fuck it is. Our resident Nazi is wrong again, as wrong as he can possibly be. The labor force participation rate includes EVERYONE over the age of 16 who is not incarcerated. So I am part of the civilian population Even though I am retired and not looking for work. A ninety year old in a nursing home is part of the Civilian population. Every boomer who has retired is part of the civilian population.

The fact is that the labor force participation rate among males has been dropping for the last 60 years. Women entering the work force was what kept the rate as high as it was. Baby boomers retiring were obviously going to lower the rate, and the rate has been lowered even further because teenagers are no longer interested in working.

They never gave a crap about the labor participation number throughout the George Dumbya Bush years, and I don't recall them bringing it up in the Trump years.

They seemingly don't even understand how it's calculated for the whole population, nor how the ratio of retired people effect it.

 

[Concart]

They never gave a crap about the labor participation number throughout the George Dumbya Bush years, and I don't recall them bringing it up in the Trump years.

They seemingly don't even understand how it's calculated for the whole population, nor how the ratio of retired people effect it.

No, they don't. Because they are parrots. They don't understand what they say. Neither do the parrots.

 

[cawacko]

What the number means is that employers are still hiring. Which caused the markets to absolutely tank, because they are simplistic and reactionary. More hiring in the simplistic world of markets means more growth therefore more inflation therefore more fed tightening. A recession is now completely baked into the markets, but they will continue to overreact to every little piece of news. Smart people are about to scoop up the bargains.

Overall, the number means that this inflation is not 'normal' it is a continued lingering effect of the pandemic. A mild recession seems like the most likely outcome. I'm standing pat and collecting my income.

Employers are still hiring, but it is slowing. And the unemployment number dropped because the labor force decreased but nonetheless the Fed sees that shiny 3.5% unemployment number. You're right they are going to continue tightening and this jobs report will not deter them from that.

 

[Concart]

Employers are still hiring, but it is slowing. And the unemployment number dropped because the labor force decreased but nonetheless the Fed sees that shiny 3.5% unemployment number. You're right they are going to continue tightening and this jobs report will not deter them from that.

I think that slowing of growth as inflation comes down is a positive for the US economy. I've been investing and following the markets for 40 years. I made my first big gains betting that interest rates would not remain in double digits back in the late '70s. Why? Because the market overreacted to that as well. And those interest rates were indeed the product of global and domestic factors that resulted in a perfect storm. But storms pass, and so will this one despite the Chicken Little cries from the right.

 

[cawacko]

I think that slowing of growth as inflation comes down is a positive for the US economy. I've been investing and following the markets for 40 years. I made my first big gains betting that interest rates would not remain in double digits back in the late '70s. Why? Because the market overreacted to that as well. And those interest rates were indeed the product of global and domestic factors that resulted in a perfect storm. But storms pass, and so will this one despite the Chicken Little cries from the right.

For me personally, I put money into real estate and while I do have mutual funds they are long term investments to me. So I don't personally view things from what's the market going to do on a short term basis and how will that affect my investment strategy. But working in CRE and investing in residential real estate what the Fed does plays a big role and of course economic growth when it comes to how businesses plan their long term space needs.

You're right in that we'll never get rid of economic cycles. Recessions will come and they will pass. But people a lot smarter than I have articulated well the challenges we face going forward due to how the Fed has conducted itself over the past several decades, especially with it's eye towards appeasing Wall St and investors.

 

[Concart]

For me personally, I put money into real estate and while I do have mutual funds they are long term investments to me. So I don't personally view things from what's the market going to do on a short term basis and how will that affect my investment strategy. But working in CRE and investing in residential real estate what the Fed does plays a big role and of course economic growth when it comes to how businesses plan their long term space needs.

You're right in that we'll never get rid of economic cycles. Recessions will come and they will pass. But people a lot smarter than I have articulated well the challenges we face going forward due to how the Fed has conducted itself over the past several decades, especially with it's eye towards appeasing Wall St and investors.

I hold a lot of REIT preferred stocks, they pay very well, and I scooped up some bargains in that sector early in the pandemic. For the most part, given that most of my holdings are preferred stocks, I'm less susceptible to wild market swings. So far, not even a hint that dividends aren't going to continue to be paid.

 

[Cypress]

And...?

You don't seem to understand rudimentary math. The equation BLS used counts the labour participation force as a ratio percentage of the total population (excluding children and incarcerated people).

You claimed retired people weren't counted in the labor participation metric.