As always, Table A-7
https://www.bls.gov/news.release/empsit.t07.htm
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jobs down… but inflation is up up up!
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democrats quick - bring up the DOW!
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And how many did it gain?
Love these threads.
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I don’t know
BLS reported only the bottom line net loss of over a half million full-time jobs.
You are free to explore the data yourself.
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I don’t know for sure who or what caused this.
I certainly don’t blame Joe Biden for it (much.)
But I do think is is bad for anyone, including the president, to call this a good jobs report and/or advocate policy based on falsely portraying the economy as strong.
Note also that the loss in full-time jobs was not a one-off anomaly.
(High point was 11 months ago. The trend has been steadily and unmistakably downward since then.)
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Look, if you (or Joe Biden) want to advocate more welfare spending because the full-time jobs picture is tanking, then I could say “We have an honest disagreement.”
Right now he’s not even being honest.
Is there a difference between indicators and symptoms?
Meaning all are the threads that you start with regards to different economic events - are they showing a bad economy? Can they occur if the economy is strong?
It is entirely possible and even likely that the economy is a facade and that the numbers are for the most part pablum but the question that has to be asked is whether the events that we believe are painting a dire picture occur when the economy is strong or ok.
Did they occur between 2012-2019
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The economy is not strong.
The economy can be likened to unemployed persons in a breadline, someplace where the factories and farms etc. are in very bad shape eating charity food from food trucks.
Then along comes a politician who says “Look they are eating a lot of food that means the economy, the factories and the farms are all good!”
HAHAHA I swear to god I thought the title of this thread meant we lost jobs last month for the first time in Biden’s Presidency.
I went and checked and every headline said the same thing…
We added over 270k jobs in May!
Good News!!!(???)!!!
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Well Okie. Starting with a conclusion and then finding things to support that conclusion isn’t any kind of good analysis. But Okie thanks.
Wasn’t what I did.
What I did was start with a hypothesis.
Then I determined how to test it.
Then observed that the tests tend to support the hypothesis.
Number of FT jobs down.
Number of Americans employed down.
Consumption up co-relevant with savings depletion and debt increase, not with underlying employment, wages, production etc.
Sorry can you link this table plz. I can’t find it and the bls a6 table titl is different from theone you are showing . I am probably lost lol.
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The hypothesis was what? Hypothesis and conclusion can be synonymous.
Preconceived notions
This country was severely in debt pre stimmies. Compare and contrast?
Thank you! i see so its based on part time work. gotcha
Apparently the M-o-M job growth is in part time jobs.
Which make sense because the summer part-time season is beginning.
Numbers are seasonally adjusted so today’s report does indicate employers in travel leisure restaurants etc. are hiring a lot of part time workers (more than the normal seasonal adjustment,) but yes the jobs are part time jobs.
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I am trying to find historical data for this table and i am having the hardest time smh
The internet needs to be better 
