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Those jobs are for drug and crime rings. Ever since Biden was "elected", there has been an increase in crimes. Maybe this is what Lyin Biden is talking about about "new jobs"?
How many of those replaced jobs that were lost? How is it even possible? Even using the 'projected' number of well less than 200,000, month over month that's a couple million every year. How can we possibly have ANY unemployment? Do that many people actually come of age and enter the workforce every year?
I honestly don't know how these numbers are put together... but I kinda think there must be some sneaky statistics at work.
You are saying the investors on Wall St. with the $49 trillion in stock value and rely on data like this for investment choices are fools and being duped by the government. But you have it all figured out. Sure.
How come they did not just put out phony inflation numbers showing no inflation the past 2 years or bad economic numbers when Trump was in office when his numbers were very good. There are private groups like ADP that put out their own numbers. It would be easy to catch what you think they are doing.
The situation we have now is we have more jobs openings than people to fill them. We have 6 million unemployed and 10 million openings. 330K people decide to get a job in one month there are your numbers. We could add 330,000 jobs each month for the next 18 months and not run out of people. And that is not counting immigrants or young people entering the workforce. See how that works? And even if all the unemployed got jobs we would still have 4 million jobs unfilled. And there are millions of people not considered unemployed who could get a job. Like a stay at home mom, someone in college or a currently retired person. There are way more of those than are technically unemployed.
Private businesses in the US created 278K jobs in May of 2023, compared to a downwardly revised 291K in April and well above forecasts of 170K. The services sector added 168K, led by leisure and hospitality (208K) and trade/transportation/utilities (32K) while job losses were seen in financial activities (-35K); education/health (-29K); information (-15K); and professional/business (-5K). Meanwhile, the goods-producing industry added 110K jobs due to mining (94K) and construction (64K) while manufacturing lost 48K jobs. Small establishments created 235K jobs, and medium-sized companies 140K jobs while large firms shed 106K jobs. On the wage front, pay increases slowed for both job changers (12.1% vs 13.1%) and job stayers (6.5% vs 6.7%). "Pay growth is slowing substantially, and wage-driven inflation may be less of a concern for the economy despite robust hiring", said Nela Richardson, chief economist, ADP.
Last edited by Oklazona Bound; 06-05-2023 at 07:26 AM..
You are saying the investors on Wall St. with the $49 trillion in stock value and rely on data like this for investment choices are fools and being duped by the government. But you have it all figured out.
The markets are not an indicator of economic health, this is common knowledge in the economics section; and widely accepted elsewhere.
The markets are not an indicator of economic health, this is common knowledge in the economics section; and widely accepted elsewhere.
That is not what I said. I am saying there is a lot of money riding on economic data being accurate. And if you don't understand economics and are partisan you can easily draw false conclusions.
My suspicions of 'fuzzy math' aside, there is simply no excuse for any able bodied, mentally fit person of working age to be unemployed in this country unless it's by choice. If that means the laid off GM factory worker that was making $37.00 an hour has to go work at a 7-11 for $12, so be it.
Maybe I misunderstood what you said. We have 6 million unemployed people and 93 million people on the sidelines not looking for work. We added 339k jobs. Like I said we could do that for 18 months just to get all the unemployed people jobs. And as people get jobs that means more people will need to be hired to keep up with the extra business created when these 339k spend their paychecks. And some of the 93 million will also decided to get jobs down the road.
My suspicions of 'fuzzy math' aside, there is simply no excuse for any able bodied, mentally fit person of working age to be unemployed in this country unless it's by choice. If that means the laid off GM factory worker that was making $37.00 an hour has to go work at a 7-11 for $12, so be it.
I agree. But they can get their unemployment check and work under the table with their uncle doing construction or mow lawns on the side and that beats 7-11. I am sure there is a lot of that going on.
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Sure.
The markets are not an indicator of economic health, this is common knowledge in the economics section; and widely accepted elsewhere.
