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To: ridesthemiles

The statisticians that come up with these figures for “jobs added” do not SUBTRACT from this figure the persons whose jobs were LOST, either through elimination or unable to be filled from the existing labor pool.

Dishonest at best, and criminal on any rational level.

Transparency is not the greatest forté of these trolls.


10 posted on 06/02/2023 7:53:09 AM PDT by alloysteel (Fiction has to be at least plausible, while reality obeys no such constraint.)
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To: alloysteel; ridesthemiles
alloysteel: "The statisticians that come up with these figures for “jobs added” do not SUBTRACT from this figure the persons whose jobs were LOST, either through elimination or unable to be filled from the existing labor pool."

No, those are supposed to represent net jobs gained or lost.
The total US job market is said to be circa 160 million jobs, and at any given time there are around 10 million unfilled job openings, which these days is said to be more than the number of jobless workers looking for jobs.

In any give month, millions of new jobs are added while at the same time, millions of other jobs are eliminated.
So the figures we see for "job gains" are simply the net of those millions of gains & losses.

On top of all that, those numbers are seasonally adjusted, meaning, for example, on average millions of new Christmas jobs are added in, say, November and then lost again in January.
So government statistics measure not the actual gains & losses, but rather their deviations from long-term averages -- they are seasonally adjusted.

19 posted on 06/03/2023 12:43:04 AM PDT by BroJoeK (future DDG 134 -- we remember)
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