Although it’s the Post, which often is like the National Enquirer of news, I think there may be some merit to this article.
I have connections with several people who operate employment services throughout the country and each of them have been talking about a major uptick in those seeking out their services. Typically such services are a last resort of job seekers who have been unsuccessful looking for new jobs on their own.
Since january most have said they’ve experieced 40-50% higher numbers, and very often in the professional sectors like banking, IT and factory workers. And many employers are now cutting back even further, which tells me that the problem was worse, longer than anyone admitted.
How the Dept of Labor can get their numbers so wrong is baffling. It’s literally their ONE job to do.
GotBannedAgain_2 on
When’s the fucking report coming out? I am asking for a highly regarded friend who’s got UVIX calls.
NRA-4-EVER on
If the whole “point” of raising interest rates was to drive up unemployment because somehow that would lower inflation (less spending because poors don’t buy crap), then the bigger the unemployment number the closer we “should” be to rate cuts… right? 
MakingItElsewhere on
This article, like so, so many others are just taking a tiny bloomberg article about this…
“Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.”
…and trying to make it sound like a million jobs suddenly went away.
Meanwhile, BLS is showing a steady 8 million non-farm job openings for the year, which is 2 million more than there were in 2020.
#This has been “news” since Sunday. It’s a nothing burger
Negarakuku on
I thought they said recession was cancelled???!!!
MtTime420 on
And tomorrow in a dark room in some billion dollar hedge fund will sit a quant programming a large language module so the “new and improved AI” high frequency trading algos can replace more humans.
But hey, we all got rich on $NVDA.
TuffNutzes on
So… Will this be a bad news is bad news play or bad news is good news play? Getting hard to tell these days.
Either way, since they ~~pre-announced~~ leaked it, it’s already priced in.
ForestyGreen7 on
bullish
myhydrogendioxide on
Nypost is shite
Snowbrawler on
And I said just a few weeks ago that they’ve never revised any numbers! 
Need to pull liquidity from the wealthy the poor people are to busy trying to afford food on the table, meanwhile past 3 years in a row all the major luxury brands Ferrari, Lamborghini, Bentley, etc etc are selling year over year record sales. This all started 3 years ago!
WAKE THE FUCK UP! The economy and wallstreet is one big fraudulent scheme to funnel more cash to the useless 1% who will only use it to buy more useless shit!
10s of trillions of dollars spent/handed out in 2021-2023, all fraudulently into the hands of the 1%/tech/wallstreet and scammers. Trillions handed out and forgiven fraudulently and those are the people endlessly spending driving up the costs of everything
tombox01 on
When and where will the Fed release this revision?
thetrainisacoming on
I sold all my stocks on Monday.. good idea I wonder. 100 percent liquid
Specialist-Union-775 on
Ah yes, ever reliable source of government and finance news, the New York Post.
I mean, even a blind squirrel finds nuts now and then, but this is, as [John Mulaney put it](https://www.youtube.com/watch?v=lY5gvKd_2iA&t=70s), “is like talking to someone who heard the news, and now they’re trying to give you the gist. You get the same amount of information if you grabbed someone on the street and were like ‘WHAT HAPPENED TODAY?!'”
skankhunt1983 on
Is this good or bad for stonks?
EnthusiasmSea850 on
They will cook the number of UE to make it look good but reality we know UE number is higher
BranFendigaidd on
Premarket will go up so you can sell at open for a lesser loss before the red flood opens. Then any rate cuts will be understood as reactional and dump the market even more.
Warren knew it. He had the info already. The MF! 😂
Heywood_Jablomydic on
When you got nothing, you have nothing to save.
threefold_law on
Current monetary policy is designed to slow the fuck out of the economy so course we see shit economic data, we need this to justify rate cuts. You think we’re gonna go down from these rates by seeing moderately good data? They need to see bleeding
There’s the balance of either cutting too late or too soon, the better of the two is cutting too late, if u cut too soon inflation comes back and shit starts over and is uglier as high inflation is prolonged.
fireinsaigon on
it was for a point in between between 18 months and 6 months ago. i don’t think it is material anymore
Budget_Load_1010 on
Some bad employment is a sign that the higher rates are working but there hasn’t been any blood in the housing sector. He not cutting until he sees blood.
fredditf on
The revision is numbers up to march and the FED cares more for the recent trend.
Mothy187 on
Wuzz the move? I need exact number for those puts
Skittler_On_The_Roof on
Are we using the fucking NYPost for financial “news” now?
benji3k on
My friend has been looking for a job and just stopped last month out of giving up on life, I think thats good for us because his number doesnt count now? I think we are good
MangoMan1963 on
Dems being dems…it’s all good out there. Nothing to see here folks. The moose outside should have told ya.
Watermelon_Permit58 on
Not-Beavis on
The Bureau of Labor Statistics –
DiverOk9454 on
Just crunch the numbers again.
katiecharm on
Jpow: if we collapse society completely we can get inflation down to 0%
ExtraHour9668 on
Might
unwanted_hair on
Zip.
Recruitah.
lonewalker1992 on
Can’t wait for the Big D to invite jerome powell for a dressing down in the oval and the audio leaking. Only the orange man can now put these paper pushing, sycophants at the Fed in their place, have been wrong on everything and tanked the economy because wanted to have a few circle jerk research papers written about them
43 Comments
Although it’s the Post, which often is like the National Enquirer of news, I think there may be some merit to this article.
I have connections with several people who operate employment services throughout the country and each of them have been talking about a major uptick in those seeking out their services. Typically such services are a last resort of job seekers who have been unsuccessful looking for new jobs on their own.
Since january most have said they’ve experieced 40-50% higher numbers, and very often in the professional sectors like banking, IT and factory workers. And many employers are now cutting back even further, which tells me that the problem was worse, longer than anyone admitted.
How the Dept of Labor can get their numbers so wrong is baffling. It’s literally their ONE job to do.
When’s the fucking report coming out? I am asking for a highly regarded friend who’s got UVIX calls.
If the whole “point” of raising interest rates was to drive up unemployment because somehow that would lower inflation (less spending because poors don’t buy crap), then the bigger the unemployment number the closer we “should” be to rate cuts… right? 
This article, like so, so many others are just taking a tiny bloomberg article about this…
“Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.”
…and trying to make it sound like a million jobs suddenly went away.
Meanwhile, BLS is showing a steady 8 million non-farm job openings for the year, which is 2 million more than there were in 2020.
[https://ycharts.com/indicators/us_job_openings_total_nonfarm](https://ycharts.com/indicators/us_job_openings_total_nonfarm)
#This has been “news” since Sunday. It’s a nothing burger
I thought they said recession was cancelled???!!!
And tomorrow in a dark room in some billion dollar hedge fund will sit a quant programming a large language module so the “new and improved AI” high frequency trading algos can replace more humans.
But hey, we all got rich on $NVDA.
So… Will this be a bad news is bad news play or bad news is good news play? Getting hard to tell these days.
Either way, since they ~~pre-announced~~ leaked it, it’s already priced in.
bullish
Nypost is shite
And I said just a few weeks ago that they’ve never revised any numbers! 
going all red again?
Bullish Fed cut more rates. Stonks up
What’s a fed?
Lower-Middle class America’s wallets rn:
https://preview.redd.it/ra4uj9w0wyjd1.jpeg?width=1200&format=pjpg&auto=webp&s=9a4384f6cae12d1e6a5bb0b7c5c0a14af0b752e6
So you’re saying my calls will print. Thanks.
Can i revise my put strike price ?
Need to pull liquidity from the wealthy the poor people are to busy trying to afford food on the table, meanwhile past 3 years in a row all the major luxury brands Ferrari, Lamborghini, Bentley, etc etc are selling year over year record sales. This all started 3 years ago!
WAKE THE FUCK UP! The economy and wallstreet is one big fraudulent scheme to funnel more cash to the useless 1% who will only use it to buy more useless shit!
10s of trillions of dollars spent/handed out in 2021-2023, all fraudulently into the hands of the 1%/tech/wallstreet and scammers. Trillions handed out and forgiven fraudulently and those are the people endlessly spending driving up the costs of everything
When and where will the Fed release this revision?
I sold all my stocks on Monday.. good idea I wonder. 100 percent liquid
Ah yes, ever reliable source of government and finance news, the New York Post.
I mean, even a blind squirrel finds nuts now and then, but this is, as [John Mulaney put it](https://www.youtube.com/watch?v=lY5gvKd_2iA&t=70s), “is like talking to someone who heard the news, and now they’re trying to give you the gist. You get the same amount of information if you grabbed someone on the street and were like ‘WHAT HAPPENED TODAY?!'”
Is this good or bad for stonks?
They will cook the number of UE to make it look good but reality we know UE number is higher
Premarket will go up so you can sell at open for a lesser loss before the red flood opens. Then any rate cuts will be understood as reactional and dump the market even more.
Warren knew it. He had the info already. The MF! 😂
When you got nothing, you have nothing to save.
Current monetary policy is designed to slow the fuck out of the economy so course we see shit economic data, we need this to justify rate cuts. You think we’re gonna go down from these rates by seeing moderately good data? They need to see bleeding
There’s the balance of either cutting too late or too soon, the better of the two is cutting too late, if u cut too soon inflation comes back and shit starts over and is uglier as high inflation is prolonged.
it was for a point in between between 18 months and 6 months ago. i don’t think it is material anymore
Some bad employment is a sign that the higher rates are working but there hasn’t been any blood in the housing sector. He not cutting until he sees blood.
The revision is numbers up to march and the FED cares more for the recent trend.
Wuzz the move? I need exact number for those puts
Are we using the fucking NYPost for financial “news” now?
My friend has been looking for a job and just stopped last month out of giving up on life, I think thats good for us because his number doesnt count now? I think we are good
Dems being dems…it’s all good out there. Nothing to see here folks. The moose outside should have told ya.
The Bureau of Labor Statistics –
Just crunch the numbers again.
Jpow: if we collapse society completely we can get inflation down to 0%
Might
Zip.
Recruitah.
Can’t wait for the Big D to invite jerome powell for a dressing down in the oval and the audio leaking. Only the orange man can now put these paper pushing, sycophants at the Fed in their place, have been wrong on everything and tanked the economy because wanted to have a few circle jerk research papers written about them
We get one of these crashes about every 100 years
The Fed is not releasing shit…
Yall got any more of those spy calls