Posted on 02/08/2024 6:41:40 AM PST by Kaiser8408a
Well, things are slowing down and we'll see more reports in coming weeks and months.
Confounded Understanding!
So opaque as to be unfathomable on second reading.
Confounded Understanding!
So opaque as to be unfathomable on second reading.
We haven’t hired anyone since Jan of last year and are down 20% through natural attrition and some minor amount disciplinary stuff.
Unexpected.
“Bidenomics” has been vastly misrepresented. It is a pattern and draft for a perpetual failing of economic activity, much like the “New Deal” under FDR, which probably prolonged the Great Depression of the 1930’s for four or five years beyond what would have been a normal recovery by 1935 or so. Only the outbreak of World War II, and the orders for war materials by Great Britain began to buoy up the stumbling and broken US economy.
The Great Depression was even worse in 1938 than it was in 1933.
A lot of job cuts would be eliminating open positions—so that would not show up. The next group would be people getting a severance package. They would not show up on the rolls until their severance runs out.
The non-farm payroll report is one of the most lagging indicators.
Look for the JOLTS report to give a heads up about what is “coming” into the unemployment pipeline.
“Yes, I bet last month’s stats will be revised down. Too many layoffs.”
January hiring was the lowest for the month on record as layoffs surged
PUBLISHED THU, FEB 1 2024
https://www.cnbc.com/amp/2024/02/01/january-hiring-was-the-lowest-for-the-month-on-record-as-layoffs-surged.html
And:
‘Not Normal’: Over One Million Jobs Reported In 2023 Didn’t Actually Exist
https://dailycaller.com/2024/02/06/one-million-jobs-reported-2023-didnt-exist/
I read somewhere that it has been calculated that the BLS numbers we all see every month and then are quietly lowered over the next two months, for 2023 are STILL OVERESTIMATED on average of 105000 Jobs/Month.
That is every month in 2023 ON AVERAGE reporting 105K jobs too many. Joey Crappy Pants “created” 1.26 MILLION totally fictitious jobs.
Don’t forget, ALL part-time jobs are counted as full-time jobs but reported as only JOBS with no distinction between the two.
Wonder how many gettting riffed received bonuses of $1000 or more soon after Trump took office?
I’m a low end landlord. It seems everyone is working one or more side hustles for cash. If the economy is going well people aren’t salvaging pallets to build lawn furniture.
Is there someone somewhere who will definitely tell the truth about what is happening?
First they say that there was an unexpected increase in jobs and now we are reading that we are experiencing massive layoffs. Could it be that they hired them only for one day while they were doing the economic survey?
Learn to code....oh wait.....
Learn to pick fruit!!!!
US Jobs In The Underworld! Mass Layoffs Plague Bidenomics For 2024 02/08/2024; Companies slashing jobs - percentage of workforce:
- Twitch 35%
- Roomba 31%
- Hasbro 20%
- L.A. Times 20%
- Spotify 17%
- Levi's 15%
- Xerox 15%
- Qualtrics 14%
- Wayfair 13%
- Duolingo 10%
- Washington Post 10%
- Snap 10%
- eBay 9%
- Business Insider 8%
- PayPal 7%
- Charles Schwab 6%
- Docusign 6%
- UPS 2%
- Blackrock 3%
- Citigroup 20,000 employees
- Pixar 1,300 employees
Biden’s Phantom Jobs Market! Over One Million Jobs Reported In 2023 Didn’t Actually Exist 02/07/2024
Media Lies: Those January Jobs Gains Never Happened 02/05/2024
When are 335,000 new jobs not 335,000 new jobs? When Washington makes them up and the media dutifully report them with all due breathlessness. ... The workweek, itself, contracted to 34.1 hours from 34.3 in December and 34.4 in November. This is the lowest number since March 2020 (the pandemic) and, before that, November 2008 (Great Recession)."
UPS IS CUTTING 12K JOBS AMID DISAPPOINTING SALES OUTLOOK, COMPANY SAYS 01/30/2024
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.