In olden days this was a monthly thing so I’ll try to start it again. Below is the link to the monthly jobs report from the Bureau of Labor Statistics:
Decent report. Job growth continues despite economic warning signs. This is throwing off economists. And the Fed. Everyone, and I mean everyone, thought jobs growth would have cooled off way faster by now. Last two months were updated for the numbers being a 17,000 lower, but the average job growth for the year is still at 345,000 per month. Wage growth is decent, but still below current inflation. That’s not good. And labor participation is still trending up. Not yet to pre pandemic levels but slowly getting closer. So overall I think it’s a decent report. If it had been bad that would really be a problem, but pretty close to expectations. What are people’s thoughts? I realize this thread will degenerate, but I’m curious on people’s thoughts on the data.
Good question. I don’t know the answer. I personally think they’re just looking for leveling out of job growth so they can ease up on the rate… But also keep in mind that we need about 100,000 per month job growth just to keep up with population growth. I have to double check that number but I think it’s about right. I’m sure I’m off.
You know you could also read the actual report. 47,000 just for the record(I’m glad radio man was close). And then you can look at the rest of the data and take it as a whole. Not just evil “gubmint” jobs and it gives perspective on the labor status of the country as a whole. We’re still well below pre pandemic “gubmint” jobs.
Correct, and the “still” part is concerning.
Last year American income-earners lost a whopping 6.4% vs inflation. That’s the highest gap since the Great Depression. (Worse than during the mortgage crisis, worse than the 1980s etc.) any continuation of that, even a small one, is concerning.
The March employment increase of 236,000 includes the following:
Available from one of my posts a few months ago
and available here.:
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. Note that same Fed link indicates Real disposable incomes climbed slightly this year. That is good news, workers are getting back some of last years’ net loss, but is contrary to
LOL There’s a guy I follow on twitter, he manages a multimillion dollar ETF Using a long-term Buffet/Lynch type strategy (which prohibits him from investing bearishly during bear markets.)
There’s another actual joke there. At the previous Hannity site that combination of “Good News??!!” Whatever used to actually jack up the actual website if that was the title of the thread. That’s really the joke Torey is making. It’s an old school joke and the mod has to tell us to not use that combination of question marks and exclamation points because the site literally couldn’t handle it. It was the craziest thing.
