Posted on 01/07/2022 11:26:13 AM PST by BenLurkin
Hiring in December was even less than the revised figure for the previous month, when 249,000 jobs were added to the economy in November. The stalled job growth comes as new coronavirus variants continue to sow uncertainty and threaten the post-pandemic economic recovery -- though the data for December was collected in the earlier half of the month, before the full extent of omicron's severity unfolded.
The unemployment rate remains heightened compared to the pre-pandemic 3.5% seen in February 2020, indicating the labor market recovery still lags nearly two years into the health crisis. As of last month, employment is up by 18.8 million jobs since the April 2020 low but still down by 3.6 million compared to February 2020.
December's hiring data is also significantly less than 2021's average job growth of 573,000 jobs per month seen during the past year.
(Excerpt) Read more at abcnews.go.com ...
What a spread.
Something is really wrong with the Department of Labor’s numbers. Everywhere around you see help wanted signs. Business unexpectedly shut down with a sign on their door “closed due to staffing shortages”, restaurants which have to close because they don’t have enough food, banks with only three people working instead of the normal eight or ten. Tell me, it can’t just be in our city, surely someone else has seen this? Where are all the workers???
Unexpected!
Fewer jobs created than expected, but they claim jobless rate dropped to 3.9%.
A Panda Express dining room was closed today when I swung by for lunch. No employees. Drive thru only.
Well, some died. 832,000 as of today
Others opted for early retirement. Last figure I saw was 1.8 million.
And just so America doesn’t feel lonely, most western countries are having similar worker problems. It isn’t just us.
I see it all over the San Francisco Bay Area and Los Angeles.
I don’t how they are skewing the numbers but, they totally are...
50% of small businesses in San Francisco and Los Angeles have permanently shuttered.
Tourism is way down from out of state. In state residents are finding out how great this state is, instead of traveling to other states and countries.
Restaurants have varying degrees of limited outdoor seating and indoor dining....
Less road miles driven means less accidentals, auto repair and simple maintenance like oil and tire change
5. Average age of “Covid death” is greater than the average life expectancy. The average age of a “Covid death” in the UK is 82.5 years. In Italy it’s 86. Germany, 83. Switzerland, 86. Canada, 86. The US, 78, Australia, 82.
In almost all cases the median age of a “Covid death” is higher than the national life expectancy.
As such, for most of the world, the “pandemic” has had little-to-no impact on life expectancy. Contrast this with the Spanish flu, which saw a 28% drop in life expectancy in the US in just over a year
https://off-guardian.org/2021/09/22/30-facts-you-need-to-know-your-covid-cribsheet/
Unemployment rate.....millions are not counted as they are not applying for Unemployment.
Total BS unemployment number.
What’s the labor force participation rate now?
4.5 million supposedly quit in November, there must be a net of 199 k while 880k were hired to replace those that quit?
4.5 million supposedly quit in November, there must be a net of 199 k while 880k were hired to replace those that quit?
The unemployment rate is going down because a number of potential workers stop looking for work. They drop out of the calculation which makes the unemployed rate look like it is decreasing.
The unemployment rate is quite low (3.9%).
What does in means, that almost all people who want a job, got it.
The problem is that people do not want a job now!
(So called job participation rate is all time low!)
They got all the subsidies and they are scared from Covid.
The jobs are not too fun, because of the CRT. There is a lot of discrimination going on in workplaces.
People, who happened to work right now are all stressed up. Everybody I know wants to quit! It is just not the right time to work.
Almost 3 million die a year. And Boomers are getting up there.
Sometime ago, that is recently, a life insurance company talked about a 40% rise in the number of payouts to working age people. I guess included in that number were quite a few excess deaths not due to coronavirus.
This another source on this topic from substack:
“In 29 countries in Europe, excess mortality in the last four months for people age 15-44 is running at nearly double what it was in 2020. For age 45-65 it is more than 50% higher, and age 65-74 some 40% higher. This is despite (or because of?) vaccination rates of at least 70% across Europe. In the USA, all-cause excess mortality is about 50% higher (so far) than 2020, but for people age 25-44 and 45-64 it is about 85% higher; for people under 25 excess mortality is nearly double last year.”
Charles Eisenstein
If this is true what did people die from?
61.9% for December
https://fred.stlouisfed.org/series/CIVPART
The U-3 unemployment rate, or U3 rate, is the most commonly reported rate of unemployment in the United States and represents the number of people actively seeking a job. The U-6 rate, or U6, includes discouraged, underemployed, and unemployed workers in the country. The true rate is at least double to U-3. Barry O. changed it to make his time in the WH less of a failure.
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