Posted on 10/10/2021 10:49:35 AM PDT by ransomnote
[H/T Cathi]
Likely explanation, beyond them being sick of your bull**** with mandates: They're DEAD.
Total nonfarm payroll employment rose by 194,000 in September, and the unemployment rate fell by 0.4 percentage point to 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing. Employment in public education declined over the month.
This was a wild miss after ADP reported in on Wednesday. I predicted that and it doesn't surprise me one bit.
Remember that this report captures during the survey week, which was in the middle of September, not "Friday."
And a quick reminder: I always work off the unadjusted household numbers. Always have, always will. You're free to use whatever you want but since Christmas comes every at the same time this tends to make intentional ****ery much harder, and the government is known for it.
The decline in the unemployment rate was not due to people "finding jobs." It was due to over half a million of them deciding to walk off and not care. That's a lot of people, and it's the second consecutive month after a strong of mostly-good news in that regard since January. Last month also say a large (1.1 million) "walk off" rate.
What has changed? Mandates came in this spring and now its jab mandates, not just masks although the last couple of months might well have been both -- specifically, many businesses going back to "Employees must wear one -- ha-ha we told you things would be normal if you just took the shot. We lied."
The only people who gained ground this month were those with 4-year degrees or better. Everyone else was stagnant. Work from home, anyone? No masks in your house, right? That doesn't apply to people stocking shelves and moving material around though does it?
But that's not the real trouble sign here. No, that's the annual run rate of non-institutional population over the last 12 months. That is the total number of not-institutionalized people in the United States over the age of 16. The only ways to leave that count once you join it on your 16th birthday are to:
The last two are basically the same thing since most people, once they go to a nursing home and come off the rolls for that reason never go back onto them, although you certainly could.
Deciding to hide in Mom's basement, going on disability or otherwise choosing never to work again whether by circumstance or personal decision does not remove you from this group. It does take you out of the "workforce" number (and adds you to the "not in labor force" number) but not from this figure.
Here it is going back to the middle of 2020:
This number has run around 2 million on an annualized run-rate for a very long time. It is somewhat responsive to economic booms and busts with a 16-17 year lag; more people make children, but when they do it takes 16-17 years for them to show up in this figure. 16-17 years ago was literally the best of times; birth rates were rising as we came out of the Tech Wreck. Indeed in 2018 in December the annualized run rate was about 2.5 million. It was in December of 2019 too -- right in front of Covid. And in December of 2020 it was back to more-or-less baseline at 2.1 million.
So where did the 1.2 million people that should have been added to the workforce over the last year go?
They didn't go anywhere. They were added.
This means the real question is who got subtracted?
The power of uncorrelated data sets is that the people who would **** with you through large-scale, institutional lying always forget about the uncorrelated data sets they do not control and thus are "out of their sphere of consciousness."
January of next year will be the adjustment month, as it always is. But these estimates are what they are and if they're anywhere near accurate starting in February lots of people started dying who should not have died because the usual rate of death doesn't move these figures.
Something did -- and still is.
PS: Good luck trying to hire replacements if you fire those who refuse jabs in this sort of labor market. If you're a corporation thinking it will all be good if you play "WokeToBiden" and will simply replace those you fire for their refusal to go along I'll be looking forward to your bankruptcy filing.
And the crowd roars “Let’s Go Brandon”.
That's good news.
“NOW ACCEPTING UNVAXXED CANDIDATES WITH NO FUTURE DEMANDS OF BEING VAXXED”. A start?
This is so poorly written that no sense can be made of it.
Look under the couch cushions.
KD brought this up a few months ago and I saw an article a month or so ago from someone else that also noticed Over a Million People mysteriously Vanished from the Workforce since the JAB started.
My money says they are all Dead or Permanently Disabled from the JAB.
He’s trying to make the argument that there are a lot of excess deaths out there that are not being properly reported on or accounted for in the stats. Particularly young men developing sudden cardiac problems. It’s a complete mystery to the medical establishment why this might be happening... /s
“Particularly young men developing sudden cardiac problems.”
The insurance companies would have the essential information.
The insurance companies can correlate vaccinations (that they were billed for) with coronary care billings.
I’m close to retirement. I was planning on working another couple of years.
I’ve decided the day my company mandates vaccination, will be my last day.
When everybody is lying it is _really_ hard to make any sense out of statistical data.
I think Karl tries to do the best he can—but garbage data inevitably leads to incorrect analysis.
That is why so many of the “experts” are Neanderthal clowns.
You will have a lot of company—a lot of baby boomers are still working and are thinking of packing it in...
While the Blimp soars overhead flashing the message: “Lets Go Brandon!”
You and me both ransom. I just turned 59.5 y/o last week and believe I’m eligible for my 401K. I’ve been working remotely since this COVID BS started. So far so good but I know the vax mandate is coming being I work in high tech in the silicon valley.
We will see.....
I backed away from my government job this year because I could afford to but also knowing that vax cocercion loomed even as my government boss claimed it wasn’t happening.
The next hurdle might be my non-government job with that order possible at any time.
But I stand ready to “Go Galt” if it comes to that.
Am I the only one who finds author Karl Denninger totally incomprehensible, disorganized, and unable to write a coherent paragraph?
Go over there, register and tell him off yourself.
He also has a Twitter account where you can tell him off. 
Somehow, I doubt you'll do it...
The ones that are left won’t do you any good.
Only about half the labor force is capable of a day’s labor.
Does your employer have 100+ folks employed? Guess it kinda depends on OSHA and their “employee safety rule”. Heard the first attempts have not gone well. And, again, where are all the damn unions?
The go to the source market ticker and re read it.
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