It’s summer. Summer jobs kick in
It’s a government game.
They say that the job market expands every month when they have a POTUS in who they want. Later they revise the estimate way down. When it’s really bad, they start counting part time jobs and illegal aliens working. The number of Americans working full time jobs continues to dwindle, but the Media (sponsored and guided by Government) keeps telling the people it’s ok.
Things are not ‘ok’, all the economic indicators suggest very bad things are coming soon.
What was the number this time of year under Trump?
I call BS...
every company I know and work with right now is either laying off or freezing hiring.
Anybody have access to the WAS/IS numbers for March & April?
Curious to see what the “revised numbers” say.
ROTFLMAO! Yeah okay. And inflation is a myth, also. How many jobs did we LOSE last month? That’s the question. This crap is just used to boost FJB’s toilet paper poll numbers.
What market sector added the jobs? How many people are just switching places with other people in an effort of increasing their pay, while taking some time off between jobs?
We’re in a wartime economy. This is the LBJ method. Is this what the Ukrainian war is really all about?
Unemployment rate rose to 3.7 percent.
No gain
Yet the total number of working Americans did not grow.
How many of the jobs were “new” jobs and how many were finally filled jobs from folks finally, induced by inflation, to get off the dole, the government or their parents. How many were former “contract” workers now working as regular employees.
We should ditch the labor department’s measure they call “the unemployment rate” and just watch and look at the labor participation rate and the labor participation numbers (rate and numbers of those between the ages of 16 to 65 that are working or “actively seeking employment”. And we should ditch the latter half of that definitiion. Half the working age population could be “seeking employment” but that would not make the real worker participation rate any better.