Jobs report shows increase of 517,000 in January

Truth Detector

Truth Detector

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I'm calling bullshit on this claim. I am sure it will continue to be revised downward. Most likely, all are entry level low pay jobs.

Here are the REAL headlines that dispute the economic feel-good BS from Biden:

FedEx cutting 10% of senior jobs as delivery giant faces slowing demand
https://nypost.com/2023/02/01/fedex-to-cut-10-of-senior-jobs-as-part-of-larger-staff-reduction/

PayPal shares rise after announcing 2,000 job cuts
https://nypost.com/2023/01/31/paypal-cutting-2000-jobs-or-7-of-workforce/

Dell slashing more than 6,500 jobs as PC market slumps
https://nypost.com/2023/02/06/dell-slashing-more-than-6500-jobs-as-pc-market-slumps/
 
Dear fucking idiot


Those are calculated in to the jobs report so it’s meaningless antidotal information


You suck at economics stuff


It’s because you are from the Austrian school of economics



Fuck you very much
 
evince said:
Dear fucking idiot


Those are calculated in to the jobs report so it’s meaningless antidotal information


You suck at economics stuff


It’s because you are from the Austrian school of economics



Fuck you very much
Click to expand...

This idiot belongs on your ignore list.
 
evince said:
Dear fucking idiot
Those are calculated in to the jobs report so it’s meaningless antidotal information
You suck at economics stuff
It’s because you are from the Austrian school of economics
Fuck you very much
Click to expand...

What isn't calculated into the U3 are people that stopped looking for work, those that got generous Biden approved welfare and disability benefits so they don't have to bother with working, and those that are working gig jobs on 1099's or under the table so they can avoid being taxed to death.
 
The way Biden states the employment levels is exactly the same one that was used by previous presidents. No change. The point is to compare from month to month using the same metrics that were used in the past. Gardner does not understand how it works or he is lying.
 
evince said:
Dear fucking idiot


Those are calculated in to the jobs report so it’s meaningless antidotal information


You suck at economics stuff


It’s because you are from the Austrian school of economics



Fuck you very much
Click to expand...

Run along you dishonest severely reatarded mental case. Back to your padded cell.
 
Nordberg said:
The way Biden states the employment levels is exactly the same one that was used by previous presidents. No change. The point is to compare from month to month using the same metrics that were used in the past. Gardner does not understand how it works or he is lying.
Click to expand...

They'll be coming out with adjustments later in the month and probably admit someone made a mistake.
 
Why am I skeptical?

This:

Mark Zuckerberg’s Meta to ‘flatten’ middle managers in cost-cutting push: report
https://nypost.com/2023/02/08/zucke...-middle-managers-in-cost-cutting-push-report/

Disney to slash 7,000 jobs as Iger reveals sweeping revamp of business
https://nypost.com/2023/02/08/disney-loses-disney-subscribers-but-q1-earnings-beat-estimates/

PayPal shares rise after announcing 2,000 job cuts
https://nypost.com/2023/01/31/paypal-cutting-2000-jobs-or-7-of-workforce/

FedEx cutting 10% of senior jobs as delivery giant faces slowing demand
https://nypost.com/2023/02/01/fedex-to-cut-10-of-senior-jobs-as-part-of-larger-staff-reduction/

Dell slashing more than 6,500 jobs as PC market slumps
https://nypost.com/2023/02/06/dell-slashing-more-than-6500-jobs-as-pc-market-slumps/

In early January, Amazon CEO Andy Jassy revealed that the company was cutting 18,000 jobs, including layoffs in November.
https://time.com/6248866/google-alphabet-biggest-layoffs-2023/
 
6o1-2sysh3_t3-jpg.1200887
 
More evidence that supports my suspicions about government data. This ALWAYS is the case months later after dimwits like Biden use it to promote their disastrous agendas.

Economy grew less than estimated in Q4 as consumer spending slowed

The US economy expanded at a smaller-than-expected 2.7% annual rate from October through December, the Commerce Department said Thursday in a downgrade from its initial estimate.

The government agency had previously estimated that the economy grew at a 2.9% annual rate last quarter.

The Commerce Department’s revised estimate of the fourth quarter’s gross domestic product — the economy’s total output of goods and services — marked a deceleration from the 3.2% growth rate from July through September.

Thursday’s report revised down the government’s estimate of consumer spending growth in the October-December quarter, from a 2.1% rate to 1.4%. That was the weakest such showing since the first quarter of last year.

Business spending also slowed in the fourth quarter, suggesting that the economy lost momentum at the end of 2022.
https://nypost.com/2023/02/23/gdp-for-fourth-quarter-revised-down-to-2-7/
 
Additionally, the growth in GDP is somewhat distorted due to increased costs due to the massive inflation we have seen over the last two years that the dipshits in the Biden administration claimed was "transitory."
 
Truth Detector said:
Additionally, the growth in GDP is somewhat distorted due to increased costs due to the massive inflation we have seen over the last two years that the dipshits in the Biden administration claimed was "transitory."
Click to expand...

You seem to not understand several things in this thread.

When companies announce layoffs, they are doing that because they are legally required to announce such layoffs 30-60 days prior to actually laying anyone off. In many cases the company announces the layoffs and then just doesn't fill positions when people leave so they never do a mass layoff. When META and Google announced their layoffs, the numbers wouldn't appear in the employment numbers for at least 60 days since California requires the 60 day notice. They can let them go earlier but have to pay them for the 60 days which is what happened when Musk laid off employees at Twitter and tried to not pay them for 60 days. It was a violation of the law so he had to legally pay them or risk being fined more than double that cost. Using announced layoffs to show employment numbers is not accurate on your part. The announced layoffs won't appear in the numbers for several months if at all.

Then when it comes to GDP the release is listed as real GDP growth which includes inflation in the number. They take the total growth and subtract inflation to get real GDP. Claiming they didn't include inflation shows you don't understand the numbers.
 
Truth Detector said:
I'm calling bullshit on this claim. I am sure it will continue to be revised downward. Most likely, all are entry level low pay jobs.

Here are the REAL headlines that dispute the economic feel-good BS from Biden:

FedEx cutting 10% of senior jobs as delivery giant faces slowing demand
https://nypost.com/2023/02/01/fedex-to-cut-10-of-senior-jobs-as-part-of-larger-staff-reduction/

PayPal shares rise after announcing 2,000 job cuts
https://nypost.com/2023/01/31/paypal-cutting-2000-jobs-or-7-of-workforce/

Dell slashing more than 6,500 jobs as PC market slumps
https://nypost.com/2023/02/06/dell-slashing-more-than-6500-jobs-as-pc-market-slumps/
Click to expand...

The January jobs report has not been adjusted downward, so suck on that as well as anything you prefer to suck on!
 
Poor Richard Saunders said:
You seem to not understand several things in this thread.
When companies announce layoffs, they are doing that because they are legally required to announce such layoffs 30-60 days prior to actually laying anyone off.
Click to expand...

Really? What regulations would you be talking about? Apparently, you are making up your laughably stupid bullshit as you go.

Poor Richard Saunders said:
In many cases the company announces the layoffs and then just doesn't fill positions when people leave so they never do a mass layoff. When META and Google announced their layoffs, the numbers wouldn't appear in the employment numbers for at least 60 days since California requires the 60 day notice. They can let them go earlier but have to pay them for the 60 days which is what happened when Musk laid off employees at Twitter and tried to not pay them for 60 days. It was a violation of the law so he had to legally pay them or risk being fined more than double that cost. Using announced layoffs to show employment numbers is not accurate on your part. The announced layoffs won't appear in the numbers for several months if at all.
Click to expand...

These companies don't have to abide by goofy California regulations except where those employees reside. So what is your point? These are not going to lead to massive layoffs? Dunce.

Poor Richard Saunders said:
Then when it comes to GDP the release is listed as real GDP growth which includes inflation in the number. They take the total growth and subtract inflation to get real GDP. Claiming they didn't include inflation shows you don't understand the numbers.
Click to expand...

I clearly stated that inflation warps those numbers, and they constantly revise them as the LINK has shown. I know you are desperate to defend your stupidity for voting for this incompetent dunce of a President, but spare us your dishonest bullshit.
 
floridafan said:
The January jobs report has not been adjusted downward, so suck on that as well as anything you prefer to suck on!
Click to expand...

Another pointless post from the forums pet halfwit. Run along halfwit, you add NOTHING to any thread, other than remove any doubt what a moron you really are.
 
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