Posted on 02/01/2024 5:33:23 PM PST by Libloather
It’s called Creative Destruction and it’s always been part of the cycle.
***************
Yep, it will always be that way. What’s coming has to happen.
Think of two scales with an equal amount of fat in the morning, but as we proceed through the day only one side is being used, until the eventual crash.
How do you rebalance the scales?
You grab a chunk of meat and start putting it back on the other side.
But our good friends a Faux news say Crime Boss Joey is leading President Trump and woman are backing Joey.
PS WOMEN are probably losing their jobs as well.
Also another “TELL” Faux must be using Peter Doocy to spew there bull shiite under threat of Steve Doocy pink slip.
Learn to prompt.
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Deep State’s annihilation of the middle class is progressing apace...
Is it a recession yet?
US Bureau of Labor Statistics
Employment Situation Summary
https://www.bls.gov/news.release/empsit.nr0.htm
Establishment Survey Data
Total nonfarm payroll employment rose by 353,000 in January, similar to the gain
of 333,000 in December. Payroll employment increased by an average of 255,000
per month in 2023. In January, job gains occurred in professional and business
services, health care, retail trade, and social assistance. Employment declined
in the mining, quarrying, and oil and gas extraction industry. (See table B-1.
See the note at the end of this news release and table A for more information about
the annual benchmark process.)
Professional and business services added 74,000 jobs in January, considerably
higher than the average monthly increase of 14,000 jobs in 2023. Over the
month, professional, scientific, and technical services added 42,000 jobs.
Employment in temporary help services changed little over the month (+4,000)
but is down by 408,000 since reaching a peak in March 2022.
In January, employment in health care rose by 70,000, with gains in ambulatory
health care services (+33,000), hospitals (+20,000), and nursing and residential
care facilities (+17,000). Job growth in health care averaged 58,000 per month
in 2023.
Retail trade employment increased by 45,000 in January but has shown little net
growth since early 2023. Over the month, general merchandise retailers added
24,000 jobs, while electronics and appliance retailers lost 3,000 jobs.
Employment in social assistance rose by 30,000 in January, reflecting continued
growth in individual and family services (+22,000). Employment in social
assistance grew by an average of 23,000 per month in 2023.
Employment in manufacturing edged up in January (+23,000), with job gains in
chemical manufacturing (+7,000) and printing and related support activities
(+5,000). Manufacturing experienced little net job growth in 2023.
Government employment continued to trend up in January (+36,000), below the
average monthly gain of 57,000 in 2023. A job gain occurred in federal
government (+11,000), and employment continued to trend up in local government,
excluding education (+19,000).
In January, employment in information continued its upward trend (+15,000).
Employment in motion picture and sound recording industries increased by
12,000, while employment in telecommunications decreased by 3,000. Overall,
employment in the information industry is down by 76,000 since a recent peak
in November 2022.
Employment in the mining, quarrying, and oil and gas extraction industry
declined by 5,000 in January, following little net change in 2023. Over the
month, a job loss in support activities for mining (-7,000) was partially
offset by a job gain in oil and gas extraction (+2,000).
Employment showed little change over the month in other major industries,
including construction, wholesale trade, transportation and warehousing,
financial activities, leisure and hospitality, and other services.
In January, average hourly earnings for all employees on private nonfarm
payrolls rose by 19 cents, or 0.6 percent, to $34.55. Over the past 12 months,
average hourly earnings have increased by 4.5 percent. In January, average
hourly earnings of private-sector production and nonsupervisory employees rose
by 13 cents, or 0.4 percent, to $29.66. (See tables B-3 and B-8.)
The average workweek for all employees on private nonfarm payrolls decreased by
0.2 hour to 34.1 hours in January and is down by 0.5 hour over the year. In
manufacturing, the average workweek was unchanged at 39.8 hours, and overtime
edged down by 0.1 hour to 2.7 hours. The average workweek for production and
nonsupervisory employees on private nonfarm payrolls decreased by 0.2 hour to
33.5 hours. (See tables B-2 and B-7.)
.....
Deep State’s annihilation of the middle class is progressing apace...
*********************
There isn’t a middle class anymore because selfish non producers are too busy chasing around Epstein and Big Mike stories.(Stupid non serious stuff)
You can always tell the seriousness of a person and a nation by the information they consume.
You are an oasis of financial know-how in a dreary desert. If we had partnered during my active days we would have “cut a fat hog in the ass” (made some big money) as the old Texans used to say. I miss going to lunch with my dad and his ‘Mastermind’ group (from “Think and Grow Rich”), listening as they put deals together and wrote them up on napkins to take back to their secretaries. Those were the days, the Wild West of business. Wildcatters worth $20mm one day, broke the next, coming right back and doing it all again.
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