So raising interest rates are meant to lead to rising unemployment?
When are we going to admit Economics is no better than voodoo dolls and pins.
Bombxing on
“Permanent Job Losers”
Fucking losers
KDH420 on
Nothing matters…why do they even waste time putting out data. Just let the market go.
Western_Building_880 on
this is no leading indicator anyways. there are more layoffs happening.
Parvashah51 on
numbers say, mcdonalds can 10000k jobs and these numbers will be up, who wanna work there ?
Small-Low3233 on
Does this account for WFH folks that work multiple jobs.
QuentinP69 on
Bullish
BidetDave on
Bullshit numbers
Pitiful_Difficulty_3 on
The report is for the higher ups, not for regard like me.
tigbofm on
My bad
burner7711 on
Why do people still pretend these made-up, over-cooked, numbers mean anything? Is there a more useless and political stat than the official unemployment rate?
trekking_us on
Numbers are cooked by the govt, anyway
crypto_nuclear on
Am I the only idiot that thought ECAN<GO>FUCKITSELF
PtReyes4days on
Never seen this chart before, i love the breakdown of the different unemployment categories
SeaMadd on
Honest question, what industry are the job gains happening in? I work in advertising and things are not looking great, especially for the last year.
TitusImmortalis on
McDonalds, Walmart and Wendy’s are always hiring. People can only remain jobless for so long before they do jobs that they believe are beneath them.
withavim12 on
This image actually shows the report from last month
AdornVirtue on
JPow has 
BillysCoinShop on
BLS changed to the birth/death formula which added 100k+ bullshit jobs per month, when in reality based on household surveys, US lost 1.9 million fulltime jobs, while adding 2 million part time jobs to foreign born workers (not that I care, just part of the data).
‘Unemployment’ via BLS bullshit is actually at 4.0 now having risen from 3.9, of course actual unemployment rate as in % of working age not in work is around 26%, but 22% of those don’t qualify in the modern day BS equation
24 Comments
Slowly ticking upwards.
damn what happened in 2020???
Rate cut chances just dropped from 74 to 53 for September. Looks like the job market is still a little too hot for Powell
Native-born workers: -663K
Foreign-born workers (mostly illegal aliens): +414K
Incredible
So raising interest rates are meant to lead to rising unemployment?
When are we going to admit Economics is no better than voodoo dolls and pins.
“Permanent Job Losers”
Fucking losers
Nothing matters…why do they even waste time putting out data. Just let the market go.
this is no leading indicator anyways. there are more layoffs happening.
numbers say, mcdonalds can 10000k jobs and these numbers will be up, who wanna work there ?
Does this account for WFH folks that work multiple jobs.
Bullish
Bullshit numbers
The report is for the higher ups, not for regard like me.
My bad
Why do people still pretend these made-up, over-cooked, numbers mean anything? Is there a more useless and political stat than the official unemployment rate?
Numbers are cooked by the govt, anyway
Am I the only idiot that thought ECAN<GO>FUCKITSELF
Never seen this chart before, i love the breakdown of the different unemployment categories
Honest question, what industry are the job gains happening in? I work in advertising and things are not looking great, especially for the last year.
McDonalds, Walmart and Wendy’s are always hiring. People can only remain jobless for so long before they do jobs that they believe are beneath them.
This image actually shows the report from last month
JPow has 
BLS changed to the birth/death formula which added 100k+ bullshit jobs per month, when in reality based on household surveys, US lost 1.9 million fulltime jobs, while adding 2 million part time jobs to foreign born workers (not that I care, just part of the data).
‘Unemployment’ via BLS bullshit is actually at 4.0 now having risen from 3.9, of course actual unemployment rate as in % of working age not in work is around 26%, but 22% of those don’t qualify in the modern day BS equation
This is exactly what the FED wants.
Next will be a rate cut.