I don't trust these jobs reports anymore. So many people I know got laid off and are having a hard time finding an equivalent job. Boomers, no, they are not looking for jobs stacking shelves. They are tech professionals so are waiting for the right one considering their skills and experience. All US citizens.

Then I look on LinkedIn and see several people whom I don't know lamenting all the applications and no replies.

And the job market is "resilient"? ha ha we are so used to our government fooling us. They probably found a way to sneakily add all the jobs they surreptitiously shipped off to India or China.

Don't trust anyone. Least of all the Scumbag US CEO.


April jobs report shows US labor market remained resilient in wake of 'Liberation Day' tariff announcement
https://finance.yahoo.com/news/april-jobs-report-shows-us-labor-market-remained-resilient-in-wake-of-liberation-day-tariff-announcement-123204519.html

Quote:

---

The April jobs report showed the US labor market remained resilient in the weeks after President Trump's "Liberation Day" reciprocal tariff announcements shook markets.
The US economy added 177,000 nonfarm payrolls in April, more than the 138,000 expected by economists. The unemployment rate held steady at 4.2%.
Average hourly earnings in April rose 0.2% over last month and 3.8% over the prior year. Economists expected wages to rise 0.3% over last month and 3.9% over the prior year.

---

Quote:

---

US stocks traded higher following the report, the latest sigh of relief from investors that the worst-case economic scenarios from Trump's sweeping tariff plans may be avoided. Data from the CME Group showed the Federal Reserve remains unlikely to cut interest rates at its next policy meeting, with this jobs reading taking pressure off the central bank to support a deterioration in the economic outlook.

---

Ok?
Did the reporting the last four years bring you to this conclusion?

So you're suggesting that in 100 days Trump has rooted out everyone that would skew or misinterpret the data to favor the Dems and instilled his own cronies that can skew the data to benefit MAGA?

If that's the case coastal realtors in Arizona are about to see a boom!

Some companies are already reducing their workforce in expectation.

UPS on Tuesday announced it is planning to cut 20,000 jobs, part of a cost-cutting effort that's linked to fewer deliveries from Amazon, its biggest customer. https://t.co/KxVHWXAFGY

— CBS News (@CBSNews) April 29, 2025

CNBC Article...

Quote:

---

Key Points

• Nonfarm payrolls increased a seasonally adjusted 177,000 for the month, slightly below the downwardly revised 185,000 in March but above the Dow Jones estimate for 133,000.
• The unemployment rate, however, stayed at 4.2%, as expected, indicating that the labor market is holding relatively stable.
• Average hourly earnings rose just 0.2% for the month, below the 0.3% forecast, while the annual rate of 3.8% also was 0.1 percentage point less than expected

---

The job market is completely broken. I know more colleagues that are laid off and looking for work than I have since 2008. It's the worst I've personally seen

rgvag11 said:

---

Some companies are already reducing their workforce in expectation.

UPS on Tuesday announced it is planning to cut 20,000 jobs, part of a cost-cutting effort that's linked to fewer deliveries from Amazon, its biggest customer. https://t.co/KxVHWXAFGY

— CBS News (@CBSNews) April 29, 2025

---

That's more due to Amazon handling more last mile deliveries and less reliance on 3rd parties like UPS.
Possibly also shifting more last mile delivery to USPS for significantly lower cost.

CEOs are the best. They lead the engine of capitalism.

The numbers are accurate. You really think the BLS that's made up of 95% flaming libs is trying to make Trump look good?! Lololol

My comment from another thread...

Quote:

---

I was pleasantly surprised by the jobs report. My industry has most of its manufacturing in China (tech), so hiring has ground to a halt while we wait to see what happens.

---

rgvag11 said:

---

Some companies are already reducing their workforce in expectation.

---

Lol, there are 1.5 MILLION layoffs in the US per month on average!

That's called normal!

I voted for Trump on 2 issues.

* Immigration - Kick out illegals. Drastically reduce/remove H1B visas as we don't need them now. We are not the employment provider of the world. Foreigners are clogging the Silicon Valley and other job centers.
* Economy - Improve the job market. Americans are struggling and we ship jobs abroad without a thought.


Some progress in immigration but he has to shut down/curtail H1Bs as we don't need more people right now. I see some signs of that but more needs to be done.

Economy, some work has gone into it but maybe it is a longer problem to solve. Job market currently worst I've seen in 25 years. I don't mean low end jobs, I mean high paying professional jobs (clarification to the angry Boomers).

I don't really care about other issues like abortion, gun control this and that. I don't give a damn.

wow...

you state "only some progress" on immigration??!

that is a horrendous take!



the smaller the red line on the graph the fewer number of illegals.

This depends on your industry. I took the buyout from the Corps of Engineers with the intent to ride it out to the fall and take time off. I went ahead and sent a few feelers out anyway and had 5 offers within a week. Seems to be common in engineering right now. I'm now working again while getting paid buyout from FedGov.

UPS isn't cutting jobs because of the economy. UPS is cutting jobs because Amazon is deploying it's own distribution system to replace UPS in many instances.

Gig em G said:

---

The job market is completely broken. I know more colleagues that are laid off and looking for work than I have since 2008. It's the worst I've personally seen

---

What industry / industries?

If a government employee lost their jobs because of DEI destruction or to cut waste. Many will not shed a tear.

Keep sucking down that yahoo news garbage and you will become lost.

The jobs numbers are adjusting for sure. You have big layoffs in federal workers that are a net positive but are hurting the numbers. I am also seeing an upswing in hiring in tech starting to happen after a slow first quarter, a lot of companies were cautious trying to see where to adjust but you are going to see more investment as people try to run to the opportunities. That won't be everywhere and if you are reliant on imports or China that's a bad place to be. I also expect we are going to see a lot of increases in construction and manufacturing jobs as the year goes on and the announced investments get started.

AI is impacting tech both positively and negatively as well, companies are going to discover you don't need armies of programmers. Folks that just went and got CS Degrees and expected to make endless money are in for a rough time. There will be lots of money to be made but not at scale because by nature AI and Robotics reduces the number of people needed. Going to have to continue to adjust and be flexible to stay ahead.

Lot of reshuffling overall and many people haven't gotten their head around it yet.

Bit, but, I was told the world was ending.

Financial institutions, particularly in the financial compliance area. Compliance honestly is the first to be cut when things look bad economically

Edit - Also there was a huge shift in offshoring the more entry level positions in this area. So even those are few and far between for US based workers

Gig em G said:

---

Financial institutions, particularly in the financial compliance area. Compliance honestly is the first to be cut when things look bad economically

---

I know the DEI compliance departments have been cut. Good. HR is taking the loss as well. Good.

https://www.thehrdigest.com/ally-financial-dei-lawsuit-dropped-as-bank-dials-back-diversity-efforts/

LMCane said:

---

wow...

you state "only some progress" on immigration??!

that is a horrendous take!



the smaller the red line on the graph the fewer number of illegals.

---

I am happy with what he has done with illegals. Good job there.
I am not happy with what he has done (rather not done) with legal immigrations who come here, pretend to do a degree but actually want to tap into US job market. There are TOO many of them. It is not a problem if these types were limited but it is an invasion. Even downright idiots from other countries have managed to game the system.

Trump has a LONG way to go in fixing this. Elon does not want him to as he wants a steady supply of slaves. But I think Elon is on his way out. Trump has to do it.

I can and will work with my hands. I can and will do shift work. I can always find a job. Like, in a matter of a few days. People that are unemployed for months are probably niche camping while they take severance or unemployment and then overly focused on finding a very similar job to the type of work they left.

If you are flexible, there's a crapload of work out there.

Teslag said:

---

This depends on your industry. I took the buyout from the Corps of Engineers with the intent to ride it out to the fall and take time off. I went ahead and sent a few feelers out anyway and had 5 offers within a week. Seems to be common in engineering right now. I'm now working again while getting paid buyout from FedGov.

---

Yes, depends on the industry. I don't see any improvement in mine and I am looking. Congratulations on 5 offers, that is amazing. The most I ever got was 3 at a time.

bobbranco said:

---

Keep sucking down that yahoo news garbage and you will become lost.

---

Yahoo Finance is my home page. Some articles are good, some bad. I use it to track my investments.

MouthBQ98 said:

---

I can and will work with my hands. I can and will do shift work. I can always find a job. Like, in a matter of a few days. People that are unemployed for months are probably niche camping while they take severance or unemployment and then overly focused on finding a very similar job to the type of work they left.

If you are flexible, there's a crapload of work out there.

---

Sure.
Get foreigners to take up the high paying jobs while Americans take the "shift work" and other crap jobs.

Sounds like a great plan.

Teslag said:

---

This depends on your industry. I took the buyout from the Corps of Engineers with the intent to ride it out to the fall and take time off. I went ahead and sent a few feelers out anyway and had 5 offers within a week. Seems to be common in engineering right now. I'm now working again while getting paid buyout from FedGov.

---

Impossible. Nobody from the government is competent enough to possibly work in private industry. Are you new around here?

Sims said:

---

UPS isn't cutting jobs because of the economy. UPS is cutting jobs because Amazon is deploying it's own distribution system to replace UPS in many instances.

---

Yes, these discussions have been ongoing for 1.5 years and finally concluded...I'm constantly amazed at how little diligence folks put into headlines...

B-1 83 said:

---

Teslag said:

---

This depends on your industry. I took the buyout from the Corps of Engineers with the intent to ride it out to the fall and take time off. I went ahead and sent a few feelers out anyway and had 5 offers within a week. Seems to be common in engineering right now. I'm now working again while getting paid buyout from FedGov.

---

Impossible. Nobody from the government is competent enough to possibly work in private industry. Are you new around here?

---

In my relatively short time working for the Corps I found it's a lot like the FDA. You get hired away by private industry just so you can then navigate submittals back to the government.

Kenneth_2003 said:

---

rgvag11 said:

---

Some companies are already reducing their workforce in expectation.

UPS on Tuesday announced it is planning to cut 20,000 jobs, part of a cost-cutting effort that's linked to fewer deliveries from Amazon, its biggest customer. https://t.co/KxVHWXAFGY

— CBS News (@CBSNews) April 29, 2025

---

That's more due to Amazon handling more last mile deliveries and less reliance on 3rd parties like UPS.
Possibly also shifting more last mile delivery to USPS for significantly lower cost.

---

Don't forget when UPS bowed to the Teamsters few years ago. This was a forgone conclusion

I think H1B abuse/corruption is BS too. But the reality of the connected world is much wider labor force competition for anything that doesn't require a physical presence.

My job, fortunately, requires field surveys, site visits, etc. big I've been gifted with the mental and physical capacity to do a wide variety of tasks and the constitution and humility to be willing to do what it takes to pay my bills. I think more people have that than they know but it is humbling to take a step or two backwards to make a new path forwards.

I will agree that housing costs and interest rates make people very reluctant to uproot and move to go after opportunities so I can see that as a factor in longer term unemployment.

MouthBQ98 said:

---

I think H1B abuse/corruption is BS too. But the reality of the connected world is much wider labor force competition for anything that doesn't require a physical presence.

My job, fortunately, requires field surveys, site visits, etc. big I've been gifted with the mental and physical capacity to do a wide variety of tasks and the constitution and humility to be willing to do what it takes to pay my bills. I think more people have that than they know but it is humbling to take a step or two backwards to make a new path forwards.

I will agree that housing costs and interest rates make people very reluctant to uproot and move to go after opportunities so I can see that as a factor in longer term unemployment.

---

Okay.
I am a good investor, so I don't need a job to pay my bills. That is where I am today. So I will not take up any shift jobs. I did that decades ago in College Station working in a grocery store by campus. Yes, I did shelving and bagging and cleanup on aisle 5. Not at my age, and I don't need to learn any more humility.

But that does not mean I think it is okay for H1B abuse. This has killed local talent. It will affect our kids and grandkids some day if it is not stopped now. If we don't nurture our future and don't look beyond quick dollars, there will be no future.

Noble avenue is to not invest in companies that abuse the H1-B visa system.

Sims said:

---

UPS isn't cutting jobs because of the economy. UPS is cutting jobs because Amazon is deploying it's own distribution system to replace UPS in many instances.

---

Good. Hopefully that reduces the cost of my products since they don't use union labor like UPS does.

B-1 83 said:

---

Teslag said:

---

This depends on your industry. I took the buyout from the Corps of Engineers with the intent to ride it out to the fall and take time off. I went ahead and sent a few feelers out anyway and had 5 offers within a week. Seems to be common in engineering right now. I'm now working again while getting paid buyout from FedGov.

---

Impossible. Nobody from the government is competent enough to possibly work in private industry. Are you new around here?

---

I don't think anyone believes that.

Most, like myself, believe about 50% are worthless and could be fired today and nobody would notice.

I think you misunderstand me, I think H1B abuse is very real and pervasive and it is crap that we'd allow it fo happen. I can see maybe the way I stated it could be interpreted that I didn't believe it was happening. I am absolutely sure it is happening and that it needs to be stopped. I have seen the carefully crafted job requirements that are written up to exclude all potential domestic candidates but happen to align perfectly with the credentials churned out by an overseas institution that unsurprisingly has close association with contractors working for the hiring company.