Do you think interest rates have anything to do with that?

Originally posted by Houseman:

Do you think interest rates have anything to do with that?

The explanation economists are giving is tariff and immigration policies.

Originally posted by Senor Eppeb Beppers:

Originally posted by Houseman:

Do you think interest rates have anything to do with that?

The explanation economists are giving is tariff and immigration policies.

I'm sure at least two economists have given that explanation, which would make that statement technically correct.

When you're a journalist, you can just shop around to find people saying the things that fit with the narrative you have in mind, and then only publish those quotes.

You forget the millions of open jobs, it doesn't matter if theres X amount of jobs opening each month when more and more from previous months are left open

Also, GDP grew 3.3%

From the N.B.C. article it looks like things were starting to slow down just as Biden was exiting office

Trump took office promising to turbocharge the U.S. economy. While it is still in solid shape by most metrics, it had begun to lose momentum at the conclusion of the Biden administration.

Instead, Trump’s push to impose tariffs on imports into the U.S. — alongside his aggressive efforts to eliminate federal spending, many of which continue to face legal challenges — have sparked a wave of uncertainty that has made it difficult for businesses to hire more people.

Those tariffs have also fueled ongoing concerns about rising prices. While inflation has dropped significantly from the highs seen following pandemic reopenings in 2022, many measures show it remains above the Federal Reserve’s target rate of 2%.

Probably worth noting that 2% is an unrealistic expectation too. Biden's year on year inflation rate was almost 5%, and even during Trump's first term it was at 2.46%. Don't have any more recent data on what the year on year inflation rate is so far since I last checked to evaluate if fears were overblown.

Also I thought people were complaining that Trump fired Erika and was going to install some despot to fudge the numbers to make himself look good. Whatever happened to that? Are these E.J. Anitoni's[www.cnn.com] number's? Looks like data collection was cut back recently.

Earlier this year, the BLS posted a notice saying it had suspended data collection entirely in three cities. Last month, the agency said it had further cut back on the data it was collecting from the rest of the country by roughly 15%.

Is this accounting for jobs that have been hiding their job postings so they can claim no one is applying and apply for labor visas?

Oops, time to fire another labour statistics chief !

Originally posted by Santa Klaus:

Oops, time to fire another labour statistics chief !

Well, that was fast. I don't think the current one has even been confirmed yet.

Originally posted by Tonepoet:

From the N.B.C. article it looks like things were starting to slow down just as Biden was exiting office

Trump took office promising to turbocharge the U.S. economy. While it is still in solid shape by most metrics, it had begun to lose momentum at the conclusion of the Biden administration.

Instead, Trump’s push to impose tariffs on imports into the U.S. — alongside his aggressive efforts to eliminate federal spending, many of which continue to face legal challenges — have sparked a wave of uncertainty that has made it difficult for businesses to hire more people.

Those tariffs have also fueled ongoing concerns about rising prices. While inflation has dropped significantly from the highs seen following pandemic reopenings in 2022, many measures show it remains above the Federal Reserve’s target rate of 2%.

Probably worth noting that 2% is an unrealistic expectation too. Biden's year on year inflation rate was almost 5%, and even during Trump's first term it was at 2.46%. Don't have any more recent data on what the year on year inflation rate is so far since I last checked to evaluate if fears were overblown.

Also I thought people were complaining that Trump fired Erika and was going to install some despot to fudge the numbers to make himself look good. Whatever happened to that? Are these E.J. Anitoni's[www.cnn.com] number's? Looks like data collection was cut back recently.

Earlier this year, the BLS posted a notice saying it had suspended data collection entirely in three cities. Last month, the agency said it had further cut back on the data it was collecting from the rest of the country by roughly 15%.

yeah thanks corona chan to shut down china

Considering what an absolute ballsup the previous chief was doing it seems like comparing to figures from before her tenure would be the best option.

I believe that the previous job reports were inflated to show the "good" parts of the economy and jobs. The most current job report is reflective in real numbers which are much lower than published.

I know a few people that has a hard time finding a job in 2024 due to employer tightened up the hiring. Of course biden has lied to the American people about real jobs rates. What we are seeing right now is accurate to demonstrate that America has a problem with employment.

Originally posted by Tex:

You forget the millions of open jobs, it doesn't matter if theres X amount of jobs opening each month when more and more from previous months are left open

Also, GDP grew 3.3%

Then why is unemployment on the rise?

https://fred.stlouisfed.org/series/UNRATE/

Keeping in mind that this is just documented unemployment, and largely not accounting for homeless people, NEETs, and others -- It was 3.4% in April of 2023, and it's now 4.3% as of August

That's a 26% rise

Even with those 'open jobs' the majority are exactly what Boblin said

Originally posted by Boblin the Goblin:

Is this accounting for jobs that have been hiding their job postings so they can claim no one is applying and apply for labor visas?

Though I thought their incentive was tax-related, regardless, ghost-jobs are a real thing. It'd be nice to see a concrete demographic of what the actual distribution of real to fake is

Originally posted by NoRain :( 🗕 🗗 🗙:

Originally posted by Tex:

You forget the millions of open jobs, it doesn't matter if theres X amount of jobs opening each month when more and more from previous months are left open

Also, GDP grew 3.3%

Then why is unemployment on the rise?

https://fred.stlouisfed.org/series/UNRATE/

Keeping in mind that this is just documented unemployment, and largely not accounting for homeless people, NEETs, and others -- It was 3.4% in April of 2023, and it's now 4.3% as of August

That's a 26% rise

Even with those 'open jobs' the majority are exactly what Boblin said

Originally posted by Boblin the Goblin:

Is this accounting for jobs that have been hiding their job postings so they can claim no one is applying and apply for labor visas?

Though I thought their incentive was tax-related, regardless, ghost-jobs are a real thing. It'd be nice to see a concrete demographic of what the actual distribution of real to fake is

The answer would be Biden has his officials intendedly inflate the job numbers. What we are seeing now is accurate numbers and showing there is an issue with employment hiring. 2023 and 2024 job numbers were inflated to make it look like "good" economy, only thing is it isn't.

Originally posted by Rusty Nail:

Originally posted by NoRain :( 🗕 🗗 🗙:

Then why is unemployment on the rise?

https://fred.stlouisfed.org/series/UNRATE/

Keeping in mind that this is just documented unemployment, and largely not accounting for homeless people, NEETs, and others -- It was 3.4% in April of 2023, and it's now 4.3% as of August

That's a 26% rise

Even with those 'open jobs' the majority are exactly what Boblin said



Though I thought their incentive was tax-related, regardless, ghost-jobs are a real thing. It'd be nice to see a concrete demographic of what the actual distribution of real to fake is

The answer would be Biden has his officials intendedly inflate the job numbers. What we are seeing now is accurate numbers and showing there is an issue with employment hiring. 2023 and 2024 job numbers were inflated to make it look like "good" economy, only thing is it isn't.

Do you have any proof for that?

Who's to say that these numbers aren't also inflated? Trump already shot the messenger once, so there's direct incentive for the new person to pump out numbers that aren't 'fake news'

Originally posted by Rusty Nail:

I believe that the previous job reports were inflated to show the "good" parts of the economy and jobs. The most current job report is reflective in real numbers which are much lower than published.

I know a few people that has a hard time finding a job in 2024 due to employer tightened up the hiring. Of course biden has lied to the American people about real jobs rates. What we are seeing right now is accurate to demonstrate that America has a problem with employment.

Or that it actually hasn't gotten better since we are now discovering companies just hiring visa workers because it's cheaper.