June Jobs Report Plus 147,000 total ..... (foreign born minus 348,000)

Politics
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From BLS.gov:

Total nonfarm payroll employment increased by 147,000 in June

Total nonfarm payroll employment increased by 147,000 in June, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in state government and health care. Federal government continued to lose jobs. . . .

In June, the number of long-term unemployed (those jobless for 27 weeks or more) increased by 190,000 to 1.6 million . . .

The number of people employed part time for economic reasons, at 4.5 million, changed little in June. . .

The number of people not in the labor force who currently want a job was essentially unchanged at 6.0 million in June. These individuals were not counted as unemployed . . …

More in a bit

https://www.bls.gov/news.release/empsit.nr0.htm

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And of course we need to check Table A-7.

If I could show you a graph. It would show the number of foreign born workers in the US economy rising, rising, rising, and just now falling. It would show a fall that is hmmm . … just a teensy bit more than the normal fluctuation, but it IS outside the normal fluctutation.

Table A-7 (historical) Employment Level - Foreign born

(Numbers in 1,000s }
Jan-25 … 31,774
Feb-25 … 31,687
Mar-25 … 32,225 … Top
Apr-25 … 31,803 … -422 k
May-25 … 31,579 … -224 k
Jun-25 … 31,231 … -348 k

  	.........  -994 k
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  • 73,000 of the added jobs were in government
    (Federal gov’t -8,000, but state and local more than made-up for it)

  • 59,000 of the added jobs were in healthcare or social services

  • 2,400 of them were in “Motion picture and sound recording industries”
    Go Hollywood!

  • 4,800 of them were couriers and messengers (Go Uber!)

  • 12,400 of them were in a subset of construction associated road construction etc. (leftover Biden spending??)

  • Manufacturing lost 7,000 jobs

  • 6,700 jobs wee added by “Building material and garden equipment and supplies dealers” (Gosh @Nemesis how big is your freaking garden??)

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This was the thing i kept bringing up about government employment. States won’t be cutting

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Is that bad or good? This number seems stable

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Well 73,000 plus 59,000 = a whopping big portion of new jobs are being funded by gov’t (directly or indirectly).

Mental picture:

  • Two men work on a farm providing all the food for themselves
    plus ONE, who works in gov.

  • Two men work on a farm providing all the food for themselves
    plus TWO, who work in gov.

  • Two men work on a farm providing all the food for themselves
    plus TWO HUNDRED, who work in gov.

  • Sooner or later it is no longer a good thing.
    In fact, eventually it is a bad thing.

  • To get “clearer” picture, it sometimes helps to note that the farm is stangnant, still employing only 2 people.

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I am hopefully going to be part of job gains for July. Had a meeting with a guy that works with Veterans that just graduated college with VA funding yesterday morning. Found out he gave my resume to a regional company and they had me come in yesterday after my meetinf for an interview. 2 hours later they called me for a 2nd interview on Monday!

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Good luck!!!

You deserve it…knowing how you worked for it.

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Very NICE!!!

.

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Good luck.

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Minus 348,000.
Nice.

If I recall, we need about 10 more months of this to bring the economy back down to pre-Covid levels.

After that . . . I am still in favor of enforcing the law, of course,
but that is a good start and a m/l natural reference point.

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Any truth to the rumor Trump may have gamed the numbers by calling the people he had to rehire after being found to have illegally fired them “new jobs”?

Cuz that’s circulating out there.

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That’s bleeping awesome

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Sounds like you give him way too much credit.

  • Possibly (might be maybe) the court ordered him to rehire people.
  • “He had it all figured out and gamed the numbers, knew they would be hired back?” Not a chance in hell.
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He wouldn’t have people who know who got hired back, and their numbers?

I’m not saying this happened…just saying it’s what’s out there

Seems weird that ADP reported a net loss of 33,000 private sector jobs and then this report came out

I could be wrong, but I don’t recall ADP and BLS being this far off before

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Thanks to everyone for their good wishes.
All I know is the guy who called me is supposedly making 6 figures in a matter of a few years. I looked on glassdoor and if I just get the low end of the salary range the wife and I will no longer have to watch our spending.

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Good luck!

Remember if you nail the first 5 mins (intro) and the last 5 mins (ask good questions)… you will be in a strong position to get the job.

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In the past few years (basically post COVID) they often differ.

  • ADP uses the actual data from 20+million employees whose employers use one of the many payroll services included in their data set.

  • BLS conducts TWO sets of old-school phone interviews one of employers and one of households.
    and the interview pools are scientifically structured to contact a proper mix of high and low income, east coast west coast etc,. black and white etc… It then “revises” those number periodically based on tax filiings.

  • The THIRD way of measuring jobs is based on weekly unemplyment claims. That one does not usually move the stock market (unless ther is a big surprise) so it gets less press coverage.

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Ha I saw what you did there :stuck_out_tongue:

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What did I did there?

Post something overly-long and verbose?