All these greedy corporations that are raking in record profit margins that’s single handily driving high inflations… despite all that, not the best earnings week.
Crickets
All these greedy corporations that are raking in record profit margins that’s single handily driving high inflations… despite all that, not the best earnings week.
Crickets
*checks notes*
Can we blame Putin?
Garmel (10-27-2022)
All these crickets make me wanting to go fishing. Been growing some studs in the back yard!
Ivermectin Man
Non-farm payrolls growth this year
January 504,000
February 714,000
March 398,000
April 368,000
May 386,000
June 293,000
July 537,000
August 292,000
September 315,000
October 261,000
Imagine a person touting himself as some sort of autodidact economic savant while simultaneously arguing the economy has been in a recession since day 1 of 2022. It's days like this when I'm happy to be aligned with the much-maligned class of people known as experts elitists and academics (EEA if y'all too lazy to spell out the whole damn thang).
Last edited by nsacpi; 11-04-2022 at 08:09 AM.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
So as all the previous jobs holders were 'allowed' to go back to work there have been few new jobs created is what those numbers show me.
Natural Immunity Croc
Household survey shows a much different tale...
And then about a dozen companies announced layoffs this week.
Potential for massive correction of previous periods (maybe even GDP) after the midterms.Originally Posted by sturg33
Natural Immunity Croc
Matter of fact the household survey (historically more accurate) is abysmal.
There will be revisions after the election I predict
-433k full time jobs. +164k part time
The experts are right!!!!!
Don't question a thing.
Natural Immunity Croc
There are indeed two surveys. Household and establishment.
Establishment survey shows 4 million jobs added in the past year.
Household survey shows 4.4 million jobs added in the past year.
I give our autodidact full marks for chutzpah for showing up and sticking to his guns after arguing we've been in a recession all year.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
ANYONE not comparing it to precovid job numbers aren't being serious.
Ivermectin Man
The jobs were there, people just didn't want to work them.
Ivermectin Man
Its comical to watch the breakdown - Its the reason to still come here.
Natural Immunity Croc
pro tip: Establishment survey gets revised quite a bit as more data is accumulated. Household survey is not except for recalculations of seasonal adjustment factors at the end of each year. The non-seasonally adjusted data of the household survey do not get revised. Ever.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
Is a recession based on GDP or jobs?
As mentioned before.... The EEA like nascapi believe hiring a person to dig a hole and hiring a person to fill the hole is creating two jobs
They are adorable
What did you see with your eyes? When you talked to employers? What were the main issues facing employers the last 18 months? Why were restaurants only seating half their tables? Why were materials scarce and product not available?
Ivermectin Man
I am curious what the EEA plan is for servicing the interest on the debt moving forward.
If employment and economy remain strong, the fed will keep raising rates to slow inflation.
Rates this hight will make debt interest over a trillion dollars.
What do the EEA propose we do? I suspect they will print
The most important thing is the American people know these job numbers are bull**** and will vote accordingly on the 8th.
Natural Immunity Croc
Its hysterical how tone deaf the left is at this point in time.
Natural Immunity Croc
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