Another strong jobs report Nov 2023

That’s right McDondland ls is also not a hotel.

Put down the glass and think about then continue.
You’ll get it.

I got it. Downplaying accommodation jobs as food service and downplaying 75k jobs in healthcare because of reasons.

Everybody got it. Numbers are bad cuz dem in the White House.

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"Since 1989, and a new age of globalization began, 50 million jobs have been created in America.

48 million of those jobs, 96%, have been created under Democratic Presidents. 2 million, 4%, were created under Republicans."

https://x.com/SimonWDC/status/1733134018084753551?s=20

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No. I referred to restaurant and drinking establishment jobs as McDonalds because that is a good way of referring to them. (At lest I mentioned a place with no dishwashers, right?)

Meanwhile in more sober analysis

So far this year, “government” and “healthcare” (which is largely govt funded) are the two fastest growing job categories. Combined, they equal 114,450/month, which is 47% of job gains.

h/t @wesbury (MBA and Chief Economist, First Trust Portfolios)

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"Since 1989 the Dow has risen 18 fold. It’s an extraordinary indication of the strength of our companies and our workers, who still outcompete the rest of the world every day.

The vast majority of these gains have come under Dem Presidents."
https://x.com/SimonWDC/status/1733135514037899732?s=20

“GDP growth has been over 3% under Biden, 3 times what is was under Trump and better than any of the last 3 Republican Presidents.”

https://x.com/SimonWDC/status/1733137667435495595?s=20

Now it’s largely government funded. Amazing

Fully knowing that accommodation and the service industry is part of that number you referred to them as McDonald’s because they are low paying.

The entirety of your analysis starts with downplaying job numbers

The “economy” threads you start all share the same theme. Dem bad.

Perhaps you acre correct.

Since Hooters serves alcohol, next time I want to point out that “restaurant and drinking establishment jobs” are not very good jobs, I will try to remember to use Hooters, not McDonalds as an example.

You have corrected me me on this very important point.

Since hotels hire managers.

See what i mean. Everything and anything to downplay the numbers and then use sarcasm because that’s all that’s left. Good on you.

As for the accusations of bias.
I would point out these facts any time a anyone with such crazy economic polies are running the WH (and the Fed.)

I am opposed to socialism, big government, print-and-spend etc. etc.,

We had this discussion in the employment numbers threads that covered foreign born employees when you said that Trump had an effect on the numbers when in fact the numbers as a portion of the employment numbers grew under him.

It’s not accusation of bias. It’s an obvious fact.

Under the Title 42 and “We want a border wall” president the portion of jobs going to foreign born workers in the US went down. (you know that)

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That didn’t happen in a vacuum and without covid. You know that.

The devil is always in the details.

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Details :joy:

See what i mean @Gaius

Your analysis is now devil in the details. Confirmation bias is a hell of a drug.

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What is wrong with considering the actual types of jobs in a report? For example, an economy adding good paying private sector jobs is better than one adding low wage dead-end jobs is not?

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How are 75k healthcare jobs added and accommodation jobs added dead end jobs

This why the poster used McDonald’s btw. To affect the way people approach the numbers

My apologies, my example was not intended to be a blanket statement about this report but was a general comment. In other words, it is better that every job report shows the production of mostly good paying full-time private sector jobs than other types of jobs. That’s not a political position.

Yes of course but i think a 3.7 percent unemployment rate is a good sign of what you are seeking

Low unemployment is by no means the only economic indicator that matters as my financial advisor repeatedly reminds me :wink:. The labor market has held up well and the consumer is still spending money. Nonetheless, there’s other areas of concern that could become more of a problem.

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