Economics Thread

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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
 
nsacpi said:
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
Click to expand...

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?
 
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.
 
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%
 
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sturg33 said:
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?
Click to expand...

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.
 
zitothebrave said:
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.
Click to expand...

Boomers are fine. Nsacpi is a good hang imo
 
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

[Tw]1668349896737316892[/tw]
 
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