About The Jobs Report! Two-month Drop In Full-time Jobs Was 670K, Biggest Plunge Since Covid Lockdowns In 2020 (Mulitple Job Holders Rise To Cope With Inflation)

Confounded Interest ^ | 09/02/2023 | Anthony B. Sanders

[Kaiser8408a]

Covid is the gift that keeps on giving … to lazy bureaucrats and teachers union members. And a horror for small businesses and students since small businesse go bankrupt and students suffer from lack of education. And now The Federal Government is fearmongering (hey, that’s all they do!) ANOTHER Covid outbreak with Deep State Joe Biden advocating for more Federal spending on vaccines and telling everyone to get yet ANOTHER vaccination. And wear useless masks as a sign of obidience to The Democrat Party.

The Bureau of Labor Statistics (BLS) reported that in August the number of full-time jobs dropped again, sliding by 85K to 134.2 million, and followed the whopping 585K plunge in July which brings the two-month total drop in full-time jobs to a whopping 670K, the biggest 2-month plunge since the covid lockdowns in early 2020 when 12.5 million full-time jobs were lost in one month!

But if full-time jobs crashed how did the BLS get an increase of 222,000 employed workers? Simple: it was all in the latest jump of part-time workers. Indeed, in August the number of reported part-timers jumped by 32K and when added to the near-record 972K surge in July, the 2-month total was just over one million – 1,004,000 to be precise – to 27.185 million.

Given the extreme level of corruption in the Biden Administration, the Democrat Party should be renamed after New York’s Tammany Hall.

And required all people to wear a Tammany Hall fez instead of a mask.

[Kaiser8408a]

Back to mail-in ballots in shady drop boxes.

[jdt1138]

Voting by mail is how the communists will retain control.

There is no-way to know who is voting when they do it by mail. None.

[1of10]

“how did the BLS get an increase of 222,000 “

The labor force participation rate in the United States rose to 62.8 percent in August of 2023, the highest since February 2020, when the pandemic started to hit. It compares to 62.6 percent in July and market forecasts of 62.6 percent.

The labor market is so tight .. even some basement dwelling couch cushions are going to work.

And of course the crushing cost of living is prodding them to the work force.
Some interesting dynamics at play out there.

I’m still on the short side of the market ... getting hammered but still see no reason to flip?
Thoughts?

[asinclair]

Retirement? What's that? The Ponzi scheme that is Social Security coupled with all that "pension money that was just sitting around" means that the old people now have to find work to survive. (I speak as a person who watched two pension funds get looted, with no payouts from either of them.)

Couple that with all the layoffs causing a huge rise in the competition for work and you have the recipe for 2023.

[Vaduz]

Yes it’s why the border was removed to get everyone in the right counties and states.

[citizen]

Those back month, media-ignored downward adjustments tell the story.

[OrioleFan]

Maybe I need to wear a mask that says “Democrat Party Obedience Mask”.