The first monthly jobs report of Trump 2.0 is in and, so far the results are more of the same.
Details to follow
you beat me to it. please delete my thread.
Alla
wages still outpacing inflation which of course is good news.
jobs adds are a bit underwhelming.
Allan
I made a math boo-boo in my first attempt at analyzing the data.
While I correct it here is some interestiong background:
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After a very long delay, (basically my entire life),
wages for the working man have finally caught-up with inflation.
Welcome Back America!
Small technical note: I would call this the last jobs report of the Biden administration, not the first of the Trump administration (and honestly - not that the distinction is meaningful in the slightest).
The data for this report reflects the week of Jan 12th while Biden was still in office
Over here in the Economy section maybe that distinction doesn’t matter. On the main board it would be endless political fodder.
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My 401k doesn’t like it. This has been a good week for my portfolio, but it looks like today it will suffer.
Here is the highlights by industry.
- Manufacturing is stagnant
- Warehouse clubs (Sam’s Club, Costco etc.) hired a LOT
- Government and government adjacent jobs are up a LOT
- The rest of the jobs market is stagnant.
Table A-7, (everyone’s favorite table) to come in a few minutes.
(Gotta run an errand first.)
I have said for a while the market is overpriced.
I don’t think the Trump presidency changes that.
I’m not saying “sell,” but definitely avoid taking-on too much risk.
Well . . . with that technicality out of the way
in –>Joe Biden’s<– final month
Foreign born wokers added over 1 million jobs this month.
Persons born here added 8,000
Literally, over 99% of the “jobs created” went to “persons born abroad.”
(Phew! Good thing we stopped calling it a Donald Trump month.)
At our age “the Wealth Guy” has been playing the retirement investment portfolios fairly conservatively. We realized a .06% value slide since the end of January.
Kinda pissed me off because the overall valuation was on its way up to $1 million dollars, a milestone we were looking forward to.
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mine is up .15%, basically unchanged.
Allan
some of my 401k is in company stock which up .86% today.
so without it, i would be down.
Allan
Mine is being professionally managed for free. One of the benefits I get from the financial institution where I retired.
I’m up 18% in the 5 years since I retired, even with my RMDs.
each to his own. i prefer to make my own investments, peace of mind and only myself to blame (or praise).
Allan
I prefer to leave it to the experts. I’m have no real interested in the markets and how they work.
Personally I think that’s a great outcome. Immigrants who are gainfully employed will stay. It sounds like if we want to fill job vacancies we’re going to need to import more people.
That’s not what I learned about supply and demand.
Hmm we might have to revisit this.
Legally…meaning fulling vetted prior entering our country.
Yes, I agree.
(The monthly jobs count is payrolls - I’m sure many people here illegally get counted in payrolls but any that are paid under the table / unofficially aren’t.)
We need to keep a list of those things 
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