Biden lied to us. He said the job market was great. It is not.

It is great we get bad news now, so something can be done about it. Most jobs open are low end jobs as most companies are either not hiring or offshoring.

I am amazed that the stock market is doing great. Which brings me to my point - invest. Don't be a corporate slave all your life. Make other people like H1Bs your slave.

US hiring plans sink to lowest since 2009 in September as labor market slowdown continues
https://finance.yahoo.com/news/us-hiring-plans-sink-to-lowest-since-2009-in-september-as-labor-market-slowdown-continues-135623856.html

Quote:

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Hiring plans among US employers for the year through September were at their lowest since 2009, according to a new report, underscoring the labor market's stagnant state.

The weaker planned headcount was largely fueled by a steep drop in seasonal hiring announcements, the global outplacement firm Challenger, Gray & Christmas said in a report Thursday.

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Quote:

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So far this year, employers have planned to add 204,939 jobs, compared to 483,590 at this point last year. The last time year-to-date hiring was this sluggish was 2009, when companies recorded 169,385 new hires as the economy was clawing its way out of the Great Recession.

Challenger also said it tracked 100,800 seasonal hiring plans last month, down from 401,850 announced by the beginning of October last year, the report said.

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Fed ****ed us royally again!

Shocker...

Would not be surprised if they give 50bps at the end of the month if employment numbers start hemorrhaging on paper.

Quote:

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So far this year, employers have planned to add 204,939 jobs, compared to 483,590 at this point last year. The last time year-to-date hiring was this sluggish was 2009, when companies recorded 169,385 new hires as the economy was clawing its way out of the Great Recession.

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That was 16 years ago. We don't need as many jobs now because of population decline for natives.

LFPR is higher now for 25-54 year olds than it was right before the pandemic. Except for the peak in 2024, it hasn't been this high in 20 years. We are in good shape. The only reason the Fed is lowering interest rates is because of the interest on the debt.

OP wants us to invest now at the very top? Right before the big crash???

No thanks OP

Picard said:

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OP wants us to invest now at the very top? Right before the big crash???

No thanks OP

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So what else should you do? Sit on cash and let inflation rob you?

The only other option is buying hard assets. But sitting on cash savings has not been the play.

Picard said:

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OP wants us to invest now at the very top? Right before the big crash???

No thanks OP

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No one knows when the next crash is. NO ONE. Some of my clients have been top investment banks and they all have their secret formulas which I was privy to as they used the tool I was managing/running. All nonsense. No one knows sheet. They are just protecting their industry to get you to buy their services.

Just buy index funds and take a nap. You will be rich in some years. That is all there is to it. But no one will tell you that.

There is nothing to prevent the market from going up from here. Or down. You cannot time it reliably. If you missed the Mar/Apr crash, that is okay, just get in now and check back in a year.

OP probably has some WWR he could offload to you. Very promising stock!

Tom Fox said:

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Picard said:

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OP wants us to invest now at the very top? Right before the big crash???

No thanks OP

---

So what else should you do? Sit on cash and let inflation rob you?

The only other option is buying hard assets. But sitting on cash savings has not been the play.

---

Sad that some folks actually believe that they need to hold cash. I am trying my best since it will help fellow Ags.

All they got to do is put their spare money (after their rainy day fund) into something like VOO. Don't even have to track or worry about some dunderhead CEO making a dingbat decision to tank his company leaving you holding the bag. Buy the index/market is the safest.

Instead they argue as they hurtle towards a difficult retirement.

AI and jobs moving to low cost countries the American dream is dead.

rocky the dog said:

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You honestly don't remember who was president in 2020?

5thGenAg said:

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rocky the dog said:

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You honestly don't remember who was president in 2020?

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Irrelevant. Don't let some minor date quibble on a meme distract you from the fact that the Biden admin claimed the largest job growth in history based on a black swan outlier event as their baseline which makes their entire argument false for obvious reasons.

More than one thing can be true at a time:

1. Biden was awful
2. Trump is a YUGE improvement

... and...

3. Trump's tariffs are creating massive uncertainty and supply chain cost which are dialing back hiring and investments broadly. He owns the soft job market now. It's his, not Biden's. He's making a bet that it results in more job growth in the future. Time will tell if he's right, but right now we're in the "pain" part of the journey.

MemphisAg1 said:

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More than one thing can be true at a time:

1. Biden was awful
2. Trump is a YUGE improvement

... and...

3. Trump's tariffs are creating massive uncertainty and supply chain cost which are dialing back hiring and investments broadly. He owns the soft job market now. It's his, not Biden's. He's making a bet that it results in more job growth in the future. Time will tell if he's right, but right now we're in the "pain" part of the journey.

---

Yes, I agree with you.
We are in a phase where companies are not hiring because of the uncertainty. The job market is awful right now and I believe it will work itself out. But he has to move quickly on other areas which are causing companies to hire fewer in the US.

Picard said:

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OP wants us to invest now at the very top? Right before the big crash???

No thanks OP

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Been hearing about the big crash for awhile now when does it happen?

MemphisAg1 said:

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More than one thing can be true at a time:

1. Biden was awful
2. Trump is a YUGE improvement

... and...

3. Trump's tariffs are creating massive uncertainty and supply chain cost which are dialing back hiring and investments broadly. He owns the soft job market now. It's his, not Biden's. He's making a bet that it results in more job growth in the future. Time will tell if he's right, but right now we're in the "pain" part of the journey.

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Yes economies get completely turned around in less than a year great point

Apollo79 said:

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Picard said:

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OP wants us to invest now at the very top? Right before the big crash???

No thanks OP

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Been hearing about the big crash for awhile now when does it happen?

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No one knows.
Even the "crash" from Mar/Apr is made up for.

Picard is just created reasons to justify his procrastination.

I just bought more stock for my son earlier this week with his IRA rollover money. It may go down but eventually it will go up. He is early 20s so he doesn't need the money anytime soon.

You know what precedes a crash? Ubiquitous chatter about an impending crash.

Sid Farkas said:

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You know what precedes a crash? Ubiquitous chatter about an impending crash.

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For how long does this chatter last? Asking for a friend who has quite a bit of cash on the side waiting for said crash.

Please explain how President Biden had anything to do with this. The report is year to date. I'm fairly certain President Trump was in charge during most of 2025. Moreover, the huge spike in job losses during the early spring of 2025 is DOGE. We're now blaming DOGE on President Biden. In the report, it also said that seasonal hiring is down nearly 75% from October 2024. Blind hate and a refusal to accept that rightists aren't some super special group that can do no wrong.

Talk about TDS.

Unemployment is extremely low. If you want it even lower then you'll have to be for repatriating jobs, which means combating foreign subsidized industry, but prices will go up some.

5thGenAg said:

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rocky the dog said:

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You honestly don't remember who was president in 2020?

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Yea but nothing is ever that guy's fault.

TA-OP said:

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Please explain how President Biden had anything to do with this. The report is year to date. I'm fairly certain President Trump was in charge during most of 2025. Moreover, the huge spike in job losses during the early spring of 2025 is DOGE. We're now blaming DOGE on President Biden. In the report, it also said that seasonal hiring is down nearly 75% from October 2024. Blind hate and a refusal to accept that rightists aren't some super special group that can do no wrong.

Talk about TDS.

---

It's Trump's problem now.

No point blaming Biden. Even Trump should move on from bringing up Biden in every press conference. He is in charge, it's his baby now.

Mr.Milkshake said:

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Unemployment is extremely low. If you want it even lower then you'll have to be for repatriating jobs, which means combating foreign subsidized industry, but prices will go up some.

---

Unemployment low for janitor, sewage cleaner, HVAC, plumber type of blue collar jobs.
For white collar jobs, it is very high.

Foreigners always do white collar jobs. You will never see an Indian or Chinese sewage cleaner.

People in 2007 where saying the same thing, and got hosed just as badly

No its really not. Numbers are being manipulated to make it appear that way, but un and grossly under employment is vastly higher than it should be

infinity ag said:

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Tom Fox said:

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Picard said:

---

OP wants us to invest now at the very top? Right before the big crash???

No thanks OP

---

So what else should you do? Sit on cash and let inflation rob you?

The only other option is buying hard assets. But sitting on cash savings has not been the play.

---

Sad that some folks actually believe that they need to hold cash. I am trying my best since it will help fellow Ags.

All they got to do is put their spare money (after their rainy day fund) into something like VOO. Don't even have to track or worry about some dunderhead CEO making a dingbat decision to tank his company leaving you holding the bag. Buy the index/market is the safest.

Instead they argue as they hurtle towards a difficult retirement.

---

If someone starts a company and is issuing stock, if the company's ticker symbol is CEO, I know they best not expect you to purchase a single share.

Quote:

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Foreigners always do white collar jobs. You will never see an Indian or Chinese sewage cleaner.

---

It's funny you mention that.

A couple of years ago we had a Chinese family move into the nice house across the street from us. They pretty much stay to themselves, but they've got a couple of boys, one of whom attends the local high school.

Apparently the dad (who works late at the Chinese restaurant he owns) told the older boy that he would have to be the one to mow the yard.

Get this -- the kid waits until after dark, has a headlight on the push mower, turns on the yard lights, and is cutting that thing at 9:00 PM at night.

I asked my wife -- is the kid too embarrassed to be seen doing that type work? I've never seen anything like it.

FWIW, he doesn't do the best job, either.

Wasn't Obama and Biden counting part time jobs as full employment? I think this has to do with a little skewing the numbers.

infinity ag said:

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Mr.Milkshake said:

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Unemployment is extremely low. If you want it even lower then you'll have to be for repatriating jobs, which means combating foreign subsidized industry, but prices will go up some.

---

Unemployment low for janitor, sewage cleaner, HVAC, plumber type of blue collar jobs.
For white collar jobs, it is very high.

Foreigners always do white collar jobs. You will never see an Indian or Chinese sewage cleaner.

---

No, no it's not.

One of the great things about LLMs is that nonsense like this is easily debunked.

Mapped via BLS, white collar is 3.3%, blue collar is 4.8%, service is 5.7%.

U-6 (underemployed) at 8.1% is also historically extremely low

Mr.Milkshake said:

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infinity ag said:

---

Mr.Milkshake said:

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Unemployment is extremely low. If you want it even lower then you'll have to be for repatriating jobs, which means combating foreign subsidized industry, but prices will go up some.

---

Unemployment low for janitor, sewage cleaner, HVAC, plumber type of blue collar jobs.
For white collar jobs, it is very high.

Foreigners always do white collar jobs. You will never see an Indian or Chinese sewage cleaner.

---

No, no it's not.

One of the great things about LLMs is that nonsense like this is easily debunked.

Mapped via BLS, white collar is 3.3%, blue collar is 4.8%, service is 5.7%.

U-6 (underemployed) at 8.1% is also historically extremely low

---

You can "debunk" all you want.

Go take a look at Linkedin. That will show you how many people are looking for jobs. Don't Biden me. No one is hiring these days as they are probably waiting for some clarity with the tariffs and H1Bs. You may get called by some Indian recruiter who does a fake interview with you so they can check the box that they talked to a US citizen and then push in one of their buddies from Arlingapooram as an H1B. Happened to me a couple of times recently. They find you, they want to interview you, they say it is a match and they disappear!

The job market for white collar jobs is terrible right now.

The White Collar Recession Is Real: What Should We Do About It?
https://joshbersin.com/2025/03/the-white-collar-recession-is-real-what-should-we-do-about-it/

Here's what's happening with unemployed Americans in five charts
https://www.cnbc.com/2025/06/11/unemployed-americans-job-market-charts.html

Ribeye-Rare said:

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Quote:

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Foreigners always do white collar jobs. You will never see an Indian or Chinese sewage cleaner.

---

It's funny you mention that.

A couple of years ago we had a Chinese family move into the nice house across the street from us. They pretty much stay to themselves, but they've got a couple of boys, one of whom attends the local high school.

Apparently the dad (who works late at the Chinese restaurant he owns) told the older boy that he would have to be the one to mow the yard.

Get this -- the kid waits until after dark, has a headlight on the push mower, turns on the yard lights, and is cutting that thing at 9:00 PM at night.

I asked my wife -- is the kid too embarrassed to be seen doing that type work? I've never seen anything like it.

FWIW, he doesn't do the best job, either.

---

They may be Chinese Chinese (from China) so they would have such issues. If it was 2nd gen, they would not care. It takes time for old cultural aspects to be shed.

You will see Indians/Chinese in blue collar jobs in Canada and the UK though. That is because these countries imported all classes of people into their countries. The US does not, they import engineers, doctors and such kinds of people. Their kids also take up similar jobs, so you will almost never see an Indian cop or a Chinese person doing construction. There may be few who in 2nd or 3rd gen are not able to hack it and end up doing these jobs but we don't see too many.

I'm old enough to remember when the entire left was complaining about the "Trump inflation" and the price of eggs...

nothing lowers inflation like unemployment.

infinity ag said:

---

Mr.Milkshake said:

---

infinity ag said:

---

Mr.Milkshake said:

---

Unemployment is extremely low. If you want it even lower then you'll have to be for repatriating jobs, which means combating foreign subsidized industry, but prices will go up some.

---

Unemployment low for janitor, sewage cleaner, HVAC, plumber type of blue collar jobs.
For white collar jobs, it is very high.

Foreigners always do white collar jobs. You will never see an Indian or Chinese sewage cleaner.

---

No, no it's not.

One of the great things about LLMs is that nonsense like this is easily debunked.

Mapped via BLS, white collar is 3.3%, blue collar is 4.8%, service is 5.7%.

U-6 (underemployed) at 8.1% is also historically extremely low

---

You can "debunk" all you want.

Go take a look at Linkedin. That will show you how many people are looking for jobs. Don't Biden me. No one is hiring these days as they are probably waiting for some clarity with the tariffs and H1Bs. You may get called by some Indian recruiter who does a fake interview with you so they can check the box that they talked to a US citizen and then push in one of their buddies from Arlingapooram as an H1B. Happened to me a couple of times recently. They find you, they want to interview you, they say it is a match and they disappear!

The job market for white collar jobs is terrible right now.

The White Collar Recession Is Real: What Should We Do About It?
https://joshbersin.com/2025/03/the-white-collar-recession-is-real-what-should-we-do-about-it/

Here's what's happening with unemployed Americans in five charts
https://www.cnbc.com/2025/06/11/unemployed-americans-job-market-charts.html

---

No one?

one safe place said:

---

infinity ag said:

---

Tom Fox said:

---

Picard said:

---

OP wants us to invest now at the very top? Right before the big crash???

No thanks OP

---

So what else should you do? Sit on cash and let inflation rob you?

The only other option is buying hard assets. But sitting on cash savings has not been the play.

---

Sad that some folks actually believe that they need to hold cash. I am trying my best since it will help fellow Ags.

All they got to do is put their spare money (after their rainy day fund) into something like VOO. Don't even have to track or worry about some dunderhead CEO making a dingbat decision to tank his company leaving you holding the bag. Buy the index/market is the safest.

Instead they argue as they hurtle towards a difficult retirement.

---

If someone starts a company and is issuing stock, if the company's ticker symbol is CEO, I know they best not expect you to purchase a single share.

---

How about this variation? Should I buy?

https://finance.yahoo.com/quote/CEOS/