Note: the stat you cited wasn’t just “medical” personnel. It was medical AND social services. Without a breakdown of those categories. At its extreme it could be one real nurse and 113,999 “safe space” wizards. We just don’t know.
Regardless of the mix, your follow-up question was very valid.
Lose house seats.
If you believe Harris/Biden created a great economy then why are we running a 2 trillion dollar deficit?
CES estimates are not calculated on change. They are total counts. The denominator is 158,000,000.
That’s a silly question. First because i never said they did. Second president Trumps doubled the deficit before Covid hit.
Spending cuts are a dream.
The basis in which the 818,000 was measured, was 2.9 million. I hope that helps?
He certainly spent a lot of money.
Thank you.
As I mentioned on another thread, Tyson foods shuttered another plant last week (800 jobs lost). That’s two this year on top of 4 last year. The company and trade-related newsletters claim that pork consumption, chicken nugget consumption etc., are down as an inflatkon-squeezed consumer seeks cheaper alterntives.
Fed data seems to support that.
EX: Pork consumption is down 12% since prepandemic. No more bacon at breakfast I guess)
For me, it’s a matter of shopping smarter. (And taking max advantage of having a big freezer.) Recently our local grocery store had boneless pork loin on sale for $1.79/lb. I bought all of the ones that were on the shelf. (Most were 5-6 pounds each. I had over 45 pounds.)
Some I sliced for boneless pork chops. Some I left whole for roasting. Some I cut in half to use in crock pot recipes. And we ground up 5 lbs for traditional French holiday recipes we always love.
I approach chicken and beef sales the same way. Stock up when the stocking is good. Ditto soup sales and other canned goods we regularly use, flour, frozen meals, etc. By and large when I get asked if my food bill has gone up, it really hasn’t. Or, at least, not as drastically as food prices in general have.
No, The adjustment is to Total Nonfarm Employment. The error basis was 158,000,000 jobs. The adjustment was a change in the count of total number of jobs.
So no, that does not help.
U.S. job gains over the 12 months ending in March were revised downward Wednesday by 818,000 — a significant revision that adds to recent concerns that the economy has been slowing.
The change means that roughly 2.1 million jobs were created in the U.S. in the past year, compared with about 2.9 million prior to the revision. The new figures do not represent job losses — merely new estimates of how many jobs were actually created during the period in question.
Seriously…give it up. 
6 more weeks until the (R)ecession magically begins. 
…and don’t forget the new pandemic.
That’s not how you calculate the error rate. 
Let us assume that
an insignifcant number of government employees are part-time
(IOW assume all gov’t employees are fullt-time)
Private sector full-time payrolls have grown (only) 1.7% since prepandemic.
Of course not, and mass hiring of full-timers by the gov’t does not change that fact.
Since pre-pandemic employmnet of person born here has stagnated.
(Okay it is upone-half of one percent.)
All the new jobs have gone to persons born abroad. All of them.
That’s the benchmarked revisions. The denominator in the benchmark is not the sum of monthly changes, it’s total employment. Because benchmarking uses an employment census - QCEW - as its comparison. It doesn’t use the program’s own numbers because by the time of benchmarking it has a census to compare to - and census (QCEW) is obviously far more accurate than the sample-based program (CES).
The basis of the change is not recalculating the monthly change. It’s recalculating monthly employment in sum.
You are comparing real earnings (already adjusted by the CPI) with the CPI.
Oh crap I did, didn’t I?
(blush)
I will delete.
THat’s the total number of people working part time for economic reasons, not the monthly change. There are 79,000 more people working PTFER but those aren’t new jobs. (and that count is from LAUS, which is a count of people vs CES, which is a count of jobs)
