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Thread: Economics Thread

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    It's OVER 5,000! Tapate50's Avatar
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    lol
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    Tax receipts down 7.5% despite the booming job market.

    I guess the second job as an uber driver doesn't cut it
    "I can't fix my life, but I can fix the world" said the socialist

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    Quote Originally Posted by chop2chip View Post
    cherry picking is a fun sport

    let's play

    employment growth the last six months from the household survey: 2.194 million

    employment growth the last six months from the establishment survey: 1.809 million
    "I am a victim, I will tell you. I am a victim."

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    Quote Originally Posted by nsacpi View Post
    cherry picking is a fun sport

    let's play

    employment growth the last six months from the household survey: 2.194 million

    employment growth the last six months from the establishment survey: 1.809 million
    Shrug emoji

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    Dear Lord, make it stop.

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    Quote Originally Posted by chop2chip View Post
    Shrug emoji
    surrender accepted on lenient terms
    Last edited by nsacpi; 06-02-2023 at 09:29 AM.
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

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    Quote Originally Posted by nsacpi View Post
    cherry picking is a fun sport

    let's play

    employment growth the last six months from the household survey: 2.194 million

    employment growth the last six months from the establishment survey: 1.809 million
    Why is it cherry picking?

    Is the aggregated numbers you post above here due to the constant downward revisions from the original est survey report?
    "I can't fix my life, but I can fix the world" said the socialist

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    Connoisseur of Minors zitothebrave's Avatar
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    Employment numbers are going to start looking worse and worse as boomers enter retirement. THe next generation isn't big enough to support their exiting the workforce.

    But Automation is here and hopefully can stem that tide a bit. What won't work is that boomers still will control the vast majority of wealth, so hopefully we come up with a better system for divesting wealth.
    Stockholm, more densely populated than NYC - sturg

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    Speaking of cherry picking. If I wanted to look at tax revenues to corroborate what might be happening to job growth I would look at tax revenues linked to employment.

    Is there such a thing.

    Let me think now.

    How about payroll taxes.

    What a brilliant idea.

    Payroll tax revenues first seven months of fiscal year 2023: $971 billion

    Payroll tax revenues first seven months of fiscal year 2022: $847 billion

    percent change: 9%
    Last edited by nsacpi; 06-02-2023 at 09:49 AM.
    "I am a victim, I will tell you. I am a victim."

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    Quote Originally Posted by nsacpi View Post
    surrender accepted on lenient terms
    Macroeconomics is one giant bowl of cherries, so a draw in an acceptable truce.

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    Quote Originally Posted by sturg33 View Post
    Why is it cherry picking?

    Is the aggregated numbers you post above here due to the constant downward revisions from the original est survey report?
    I tried to explain earlier that the establishment survey data for the most part have been revised UPWARD in recent months (last month's report being a notable exception).

    And the last rebenchmarking (an annual revision process separate from the monthly revisions) produced significant upward revisions to non-farm payrolls.
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

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    Quote Originally Posted by zitothebrave View Post
    Employment numbers are going to start looking worse and worse as boomers enter retirement. THe next generation isn't big enough to support their exiting the workforce.

    But Automation is here and hopefully can stem that tide a bit. What won't work is that boomers still will control the vast majority of wealth, so hopefully we come up with a better system for divesting wealth.
    Boomers are fine. Nsacpi is a good hang imo

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    Whoa truly shocking nobody could have seen it coming


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    Color me shocked
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    My bank account is so grateful to nsacpi for him driving to buy this when he was assuring me it was dead

    The inverse nsacpi stock index would be quite lucrative


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    Lol
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    Good inflation report

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    "I can't fix my life, but I can fix the world" said the socialist

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    Quote Originally Posted by chop2chip View Post
    Good inflation report
    What are we at? 13% above 2021?

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