BREAKING: The US jobs report for January is in.

-Payrolls increase 517,000 (vs. estimates of 188,000)
-US unemployment rate falls to 3.4% (vs. estimates of 3.5%)https://t.co/YaQTCWHYMG pic.twitter.com/LkSvjT9bs5

— Bloomberg (@business) February 3, 2023

I'm sure the stock market won't like this as the FED and elites want normal Americans to suffer and lose their jobs. So glad to see the labor market is still very strong.

Or people have taken themselves out of the job market in droves and are now just bums.

leftists who are so ecstatic now

are going to be pretty upset in another six months when the Fed has to continue to hammer the markets...

and unemployment picks up right up to Biden's re-election campaign in 2024.

this is only delaying the inevitable downturn in the economy due to "historical revisions to both the Household and Establishment surveys, which could lead to a massive beat."

That's precisely what happened when moments ago the BLS reported that instead of the 188K expected number, in January the US created a laughably goalseeked 517K jobs (at a time when mass layoff news hit every 45 minutes), up twice from last month's upward revised 260K and the highest since July 2022!

Good news is bad news again.

517,000 new jobs created?? I'm not buying that one. Unless, there are 600,000 jobs lost and the net is really negative and that's not being reported.

Lots of people learned to code…something…else?

https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

You can check out an interactive graph at the link.

We're not back yet to pre-pandemic levels. And that's with "liveable wages" in most states.

Still improving though

AggieCo2023 said:

---

Still improving though

---

Whatever you think, no one will change your mind. Too many people still on the sidelines.

Need to cut all help off to able bodied people who don't want to work to $0.

Rember when the school shootings criteria was changed to fit Clinton's narrative and get the AWB passed?

I 'member. Pepperidge Farms 'members.

Great, all these new workers need to pay $3.50/gallon to fill their tanks on their way to the office.

Screw it, they can take the train to work.

there is reality and there is make believe world

i will let you decide which one of these the jobs number falls into.

why are the tens of thousands of millenial leftist snowflakes crying about getting laid off in the last few months?

there are millions of great jobs out there!

Either this number or GDP number is completely off. They simply don't jive.

Should be a fun revisit when the actual numbers are posted ("corrected") in 6 months or so

I've seen this one before.

https://nypost.com/2022/12/22/biden-administration-overstated-q2-job-growth-by-1-million-philadelphia-fed/

96ags said:

---

Either this number or GDP number is completely off. They simply don't jive.

---

Unfortunately, they do jive to some degree. Productivity is dropping in this country thanks to a declining work ethic. Between remote work, extended leave programs, and salaried employees that used to show up at 7a and work long past 5p being replaced with people showing up at 9 and leaving at 4:30p, we get a lot less production per employee. The result, you have to hire more people but nothing more is getting produced.

AggieCo2023 said:

---

BREAKING: The US jobs report for January is in.

-Payrolls increase 517,000 (vs. estimates of 188,000)
-US unemployment rate falls to 3.4% (vs. estimates of 3.5%)https://t.co/YaQTCWHYMG pic.twitter.com/LkSvjT9bs5

— Bloomberg (@business) February 3, 2023

I'm sure the stock market won't like this as the FED and elites want normal Americans to suffer and lose their jobs. So glad to see the labor market is still very strong.

---

Spiking the football without knowing a kick of economics. When the economy continues to crater over the next two years, I'm going to remember children like you with no real world experience blindly goaltending for your team while rooting for the pain most of us will be feeling.

Quote:

---

Meanwhile, companies announced 103,000 layoffs in January, more than twice the December total and more than five times the tally for the same period a year ago, said outplacement firm Challenger, Gray & Christmas. The firms cutting included IBM, Spotify, Google parent Alphabet, Microsoft and Salesforce,

Goldman noted those cuts didn't appear to push up initial jobless claims, a gauge of layoffs that has remained historically low. But economist Tom Porcelli of RBC Capital markets said many laid-off workers got severance payments and simply didn't bother to apply for unemployment benefits but they eventually will.


At the same time, job growth was likely inflated by quirks in Labor's employment survey. For example, retailers and others typically hire many seasonal workers in the fall and let them go in January. But holiday hiring was weak last year and so fewer workers were laid off, boosting the January jobs figure, says economist Nancy Van Houten.

Also, COVID's Omicron variant reduced payrolls a year ago but wasn't a factor last month, juicing January's employment total after seasonal adjustments, Goldman said.

---

https://www.usatoday.com/story/money/economy/2023/02/03/january-jobs-report-today-unemployment-rate/11170452002/

A lot of people left the job market because the unrestricted welfare benefits. The government is still paying people to sit on their butts. Low restriction unemployment insurance, virtually unrestricted use of food stamps, and other welfare have made sitting at home easy, especially for those living with parents.

The government created this massive tax drain, and we will have to cut off the spigot. Once that happens expect the unemployment rate to rise again as people are forced to go back to work.

Señor Chang said:

---

I've seen this one before.

https://nypost.com/2022/12/22/biden-administration-overstated-q2-job-growth-by-1-million-philadelphia-fed/

---

Ding, ding, ding! OP will ignore this and continue to be allowed to troll.

You need to learn how they calculate these numbers (although I think you already know).

Central Committee said:

---

A lot of people left the job market because the unrestricted welfare benefits. The government is still paying people to sit on their butts. Low restriction unemployment insurance, virtually unrestricted use of food stamps, and other welfare have made sitting at home easy, especially for those living with parents.

The government created this massive tax drain, and we will have to cut off the spigot. Once that happens expect the unemployment rate to rise again as people are forced to go back to work.

---

To the tune of 80,000 to 100,000 per year. Totally disincentivizes finding a job.

AlaskanAg99 said:

---

https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

You can check out an interactive graph at the link.

We're not back yet to pre-pandemic levels. And that's with "liveable wages" in most states.

---

Those people are happily retired now. There was a huge retirement surge during the pandemic that would bump those lines around 2%.

Not surprisingly the Philadelphia Fed took their article down.

Bubblez said:

---

AlaskanAg99 said:

---

https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

You can check out an interactive graph at the link.

We're not back yet to pre-pandemic levels. And that's with "liveable wages" in most states.

---

Those people are happily retired now. There was a huge retirement surge during the pandemic that would bump those lines around 2%.

---

Very few are happily retired with inflation running rampant.

I look forward to the OP's threads. They are always leftist talking points and quite humorous.

This report is wrong. Labor participation rate at 62% tells a lot. Where are the 2 million people who refuse to work and are on welfare fraudulently?

There are millions of able bodied men who are not working. That number needs to be factored into the calculation .

What is the U-6 number, not the U-3?

The low U-3 is based on how many people are not looking for work. It's a sham.

Looks like Republicans taking back the House is starting to improve our country.

AggieCo2023 said:

---

Still improving though

---

Since you were dead right on Tesla being finished do you have any more stock tips you'd like to share with the class this morning?

Another troll job..post and vanish.

Dollar cost average into the S&P 500

lol I'm sorry I can't spend 24 hours a day on TexAgs

This doesn't mesh with what is going on in the economy and what I am seeing at all.