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Old Yesterday, 02:11 PM
 
11,124 posts, read 11,027,425 times
Reputation: 5474

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I guess stock buybacks don't create that many jobs after all...

https://www.marketwatch.com/story/us...how-2019-08-21


Turns out hiring wasn’t quite as strong in 2018 and early 2019 as the government initially reported — by about a half-million jobs. The U.S. economy had about 501,000 fewer jobs as of March 2019
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Old Yesterday, 02:22 PM
 
Location: Kansas City, MISSOURI
9,315 posts, read 2,844,460 times
Reputation: 7096
2018 job growth to be revised down by about 20%
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Old Today, 12:01 AM
 
Location: Living rent free in your head
31,495 posts, read 13,909,011 times
Reputation: 22603
Why does this not surprise me?
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Old Today, 05:56 AM
 
Location: Little Rock, AR
3,113 posts, read 960,867 times
Reputation: 1956
Sounds bad, but not even 50,000 a month revision. 185,000 jobs a month is good job growth in a very low unemployment rate environment 9 years into a growth period. This on top of a strong 2.9% gdp growth rate in 2018. Keep hoping a recession libs, I don’t think you’ll get it, but it may be your only chance to win the election as many are starting to realize.
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Old Today, 06:43 AM
 
Location: Barrington
46,851 posts, read 34,459,369 times
Reputation: 15564
Trump called Obama's job numbers fake. Yet, when BLS uses the same methodology, they are suddenly good.

The initial monthly job numbers which get the most media attention are estimates based to surveys of 150,000 employers and government agencies. The numbers are subject to 3 revisions as more facts become available.
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Old Today, 06:52 AM
 
19,614 posts, read 17,648,334 times
Reputation: 10713
They make everything up these days. Climate data. Economic data. Even movie reviews. At this point I don't know what's true or not but I've never been less likely to believe what the experts and MSM tell me.
I think the economic indicators job wise are better than what they want us to think, just as I think its not as hot as they want us to think it is and its not as crazy a world as they want us to think.
I do think our government is more F'd up than they want us to think.
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Old Today, 07:39 AM
 
Location: Washington State
19,110 posts, read 9,850,542 times
Reputation: 16281
Quote:
Originally Posted by chopchop0 View Post
I guess stock buybacks don't create that many jobs after all...

https://www.marketwatch.com/story/us...how-2019-08-21


Turns out hiring wasn’t quite as strong in 2018 and early 2019 as the government initially reported — by about a half-million jobs. The U.S. economy had about 501,000 fewer jobs as of March 2019
Wow,finally something for Dims to celebrate...congrats.
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Old Today, 08:35 AM
 
13,053 posts, read 4,743,170 times
Reputation: 5333
Quote:
Originally Posted by ColoradoOnMyMind View Post
Sounds bad, but not even 50,000 a month revision. 185,000 jobs a month is good job growth in a very low unemployment rate environment 9 years into a growth period. This on top of a strong 2.9% gdp growth rate in 2018. Keep hoping a recession libs, I don’t think you’ll get it, but it may be your only chance to win the election as many are starting to realize.
So now 185 000 jobs a month is good, the reported unemployment figures are no longer fake and instead also good, and less than 3% GDP growth is also good?

All of those same numbers were labeled HORRIBLE under the previous president and you're clearly just trying to defend the indefensible at this point. The working class is getting crushed and you think a narcissist, clueless oligarch who enriches his friends and cronies is somehow changing that?

Unless you start to stand up and fight to get big money out of politics and support the labor union movement, things will only get worse, not better.
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Old Today, 08:45 AM
 
Location: Seattle
1,239 posts, read 264,291 times
Reputation: 1286
On the whole it's a pretty minor thing; an adjustment to an estimate. But at least it does tell us that the tax cuts were ineffective in creating jobs. A failure for supply-side economics.
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Old Today, 03:30 PM
 
12,095 posts, read 5,784,405 times
Reputation: 7096
Actually, I think all this article shows is that the author churns out 2-4 articles per day and is always looking for something to write. I did a check back on his volume and most are pro economy, although some are not - it's just something to write about. HE did not do the analysis - it was all done by some group called Oxford in conjunction with Haver that uses a proprietary data program that nobody can even cross check. Interesting that the US Fed also purchases this Oxford/Haver Analysis.

Their main focus and client base are Global, not American .... they are more interested in how US Policy (pro-American under President Trump) is impacting Global Economics.
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