Economics Thread

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
 
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).
 
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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.
 
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
 
sturg33 said:
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
Click to expand...

The experts are right!!!!!

Don't question a thing.
 
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.
 
sturg33 said:
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
Click to expand...


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.
 
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?
 
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.
 
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