Thanks Brandon!
There will be a short delay until the usual suspects arrive to shit on the results.
There will be a short delay until the usual suspects arrive to shit on the results.
December jobs report
- Thread starter St. Louis Hawk
- Start date
Here come the people getting overly specific data just to find something bad to talk about. "Well, women between 18-25 born during the summer months and like playing basketball show lower consumer confidence! THE ECONOMY IS COLLAPSING AND HUNTER SHOULD BE IMPEACHED!!!"
I think it's mixed news. While it's nice that almost everyone has a job, but this wage growth is not going to help bring down interest rates. I'm not saying the workers are not deserving, but are the companies they work for, in good enough shape to ride out this interest rate environment?
Entities with looming debt maturations are going to be reissuing bonds at much higher rates. The same entities that have seen their wage expense grow by 4%. Pay attention to that interest expense item on the I/S. For companies that don't have good sound balance sheets, something will have to give if they are to remain viable.
Entities with looming debt maturations are going to be reissuing bonds at much higher rates. The same entities that have seen their wage expense grow by 4%. Pay attention to that interest expense item on the I/S. For companies that don't have good sound balance sheets, something will have to give if they are to remain viable.
“One day - it’s like a miracle - [Covid] will disappear”
“The emperor is wearing beautiful clothes…”
People sure do like to eat the delicious shit sandwich served up by Trumpy. Over, and over, and over, and over….
be scared, the sky is falling, everything is bad, it's all over unless he comes back..... what a chode“The economy is terrible”
“One day - it’s like a miracle - [Covid] will disappear”
“The emperor is wearing beautiful clothes…”
People sure do like to eat the delicious shit sandwich served up by Trumpy. Over, and over, and over, and over….
It's hilarious that we are asked to accept the headline numbers as good news without looking under the covers. While it's not bad news, it's also not great news either. Government jobs are overhead when it comes to economic growth. Manufacturing jobs are the best measure because manufacturing adds value and increases the GDP. Notice the reference to the labor participation rate and it's effect on the unemployment rate. Believe left leaning media and politicians at your own peril.
Among the major worker groups, the unemployment rates for adult men (3.5 percent), adult women (3.3 percent), teenagers (11.9 percent), Whites (3.5 percent), Blacks (5.2 percent), Asians (3.1 percent), and Hispanics (5.0 percent) showed little change in December. (See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks or more), at 1.2 million, was little changed in December and over the year. The long-term unemployed accounted for 19.7 percent of all unemployed persons in December. (See table A-12.) The labor force participation rate, at 62.5 percent, and the employment-population ratio, at 60.1 percent, both decreased by 0.3 percentage point in December. These measures showed little or no change over the year. (See table A-1.)
The number of persons employed part time for economic reasons, at 4.2 million, changed little in December but was up by 333,000 over the year. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. (See table A-8.) The number of persons not in the labor force who currently want a job edged up to 5.7 million in December and was up by 514,000 over the year. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job. (See table A-1.)
Government employment increased by 52,000 in December. Government added an average of 56,000 jobs per month in 2023, more than double the average monthly gain of 23,000 in 2022.
Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; information; financial activities; and other services.
Among the major worker groups, the unemployment rates for adult men (3.5 percent), adult women (3.3 percent), teenagers (11.9 percent), Whites (3.5 percent), Blacks (5.2 percent), Asians (3.1 percent), and Hispanics (5.0 percent) showed little change in December. (See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks or more), at 1.2 million, was little changed in December and over the year. The long-term unemployed accounted for 19.7 percent of all unemployed persons in December. (See table A-12.) The labor force participation rate, at 62.5 percent, and the employment-population ratio, at 60.1 percent, both decreased by 0.3 percentage point in December. These measures showed little or no change over the year. (See table A-1.)
The number of persons employed part time for economic reasons, at 4.2 million, changed little in December but was up by 333,000 over the year. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. (See table A-8.) The number of persons not in the labor force who currently want a job edged up to 5.7 million in December and was up by 514,000 over the year. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job. (See table A-1.)
Government employment increased by 52,000 in December. Government added an average of 56,000 jobs per month in 2023, more than double the average monthly gain of 23,000 in 2022.
Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; information; financial activities; and other services.
It's not bad news, it's also not great news. So that makes it good news.
Making ends meet
Free college
Forgive my loans
Sounds like a lot of jobs and wage growth is out there. Go get one, maybe an extra one if you are struggling.
$33 trillion.
Free college
Forgive my loans
Sounds like a lot of jobs and wage growth is out there. Go get one, maybe an extra one if you are struggling.
$33 trillion.
My grocery bill is about the same, and I do watch it.
Eating out at a Wendy's is more expensive than it used to be. So I don't go as often until the prices come down. That's about it.
If you're struggling right now, there is a great show on Tastemade channel called Struggle Meals. Dude makes meals for like $2 a pop. It's crazy how far he makes stuff go!
Struggle Meals
I could pick that apart, too, but it won't stop you from believing random tweets (X's) from partisan hacks and reposting them.
Simon is not remotely what you said he is also very accurate in the actual facts on topics like the economy and polling and laughed at the 2022 red wave bullshit narrative. The GOP is a colossal failure. PERIOD
Yeah, right. I'm guessing he's not adjusting Trump up and Biden down for the pandemic losses and rehires. It's really just bullsh1t without context, just as the headline numbers today.
Well he is literally spending trillions of dollars to create these jobs so inwould hope there are a few of them.
Right? I remember when the economy was doing great under Trump and as promised he simultaneously eliminated not only the deficit but most of the federal debt. Let's see Biden do that.
Trump spent trillions too ya know. And he ended up losing jobs overall. How's that for an ROI?
@Whiskeydeltadeltatango is going hard in the paint about the infrastructure bill and the jobs its created. He feels like every job created from the time it was signed until present day is on our tax dollars. He's been shown why that was wrong, but he continues to double down.
We are down 4M available job openings YoY which is not necessarily a bad thing (12M to 8M). It’s moreso what was predicted very slowly coming to fruition. A soft-landing on inflation.
Agree that government jobs cloud the actual data and manufacturing and tech job #’s need to be the focus.
Agree that government jobs cloud the actual data and manufacturing and tech job #’s need to be the focus.
I'm not sure who is in charge, but I know it isn't Biden. I'm guessing he/she is more of a communist than dem.
The fiance no pics and I actually enjoy watching this show. Not because we don't have $$ to buy decent groceries, but just because he has some really friggin good ideas for easy meals. It's kind of an addicting show once you get into it.
This is great news for inflationary pressure! I hope people aren't actually banking on thee Fed to implement significant rate cuts this year.
This is woefully ignorant. I mean even by your standards.
Unemployment remains historically low. Inflation is down, wages are up.
Mine cost about the same because I've cut back on much of the junk food I used to buy. Paying less and eating healthier. Win-win.
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