Search results for tag #jobsreport
The #DonTheCon Administration released a "better than expected" jobs report.
And I dare question if his new head of the #BLS is cooking the books???
Where on Earth could I *possibly* get an idea like that??? #DictatorDon #CantBelieveAWord #Unemployment #JobsReport
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Graph of the employment numbers for the past year see a steady decline, a plunge in October, and then suddenly, a sharp reversal in November with the appointment of a new head of the BLS followed by a sharp POST Xmas spike in January.
When #DonnieDumbass fired the head of the #BLS b/c he didn't like the numbers she reported ("They MUST be wrong!"), the #JobsReport was put on hold for several months and we had to rely on PRIVATE jobs reports to know what was going on.
The most trusted was "Challenger, Gray & Christmas".
While the "official" report claims "surprising job growth" in January, CGC is reporting "Most job cuts since The Great Recession" of 2009, and "The Worst January" hiring EVER.
🤣🤣🤣
Strongest #JobGrowth in More Than a Year?
🤔🤔🤔
That’s the headline. But it’s not the story.
The story is in the walk‑back: what was trumpeted as 584,000 new jobs in 2025 has now been cut down to just 181,000 for the entire year.
That’s not a revision. It’s an audit of fantasy.
An #economy of 330 million people effectively spent a year standing still, averaging about 15,000 #jobs a month, the weakest hiring outside a recession since 2003.
https://www.wsj.com/economy/jobs/january-jobs-report-unemployment-b703b0e3 #jobreport #jobsreport
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Text Shot: The U.S. economy added 130,000 jobs in January, its strongest growth in over a year, and a sign that the labor market may be shaking off its recent stagnation.
January’s robust gains surprised forecasters, blowing far past consensus expectations
If you haven't been following this stuff for long, it might surprise you to know that "adding" 130,000 jobs in a month is a net loss. A jobs report like this would have been taken as a sign of a very poor economy even 15 years ago. The reason is that around 180,000 young people reach legal employment age each month in the US (Contra the admin's confabulations, this is how many US citizens reach employment age, and is not about immigration slowing). Adding 180,000 jobs would be treading water. Adding 130,000 is effectively 50,000 new people without jobs, a net loss by the spirit of this metric. There's also the reality that many of these estimates have been revised down by the BLS after more data came in.
Saying hiring is "picking up" and is "stronger than expected" is effectively saying "it could have been worse! 🤷 ". It's wild to see this positive spin on a very poor report.
It's extraordinarily fishy that the reported unemployment rate is not moving much in spite of these persistent and mounting job losses. I know why this is so please don't @ me a splanation. My point is that it, again, does not reflect the spirit of what this metric is meant to capture. It is wholly perverse now and should not be reported at all, let alone taken as a meaningful indicator.
The US economic numbers, when you push aside all the B.S., are recession-level. There's no "momentum" in the "labor market". There are not "green shoots" or "signs". The economic situation is bad.
We are about to get a DISASTROUS #JobsReport for both #January and all of 2025, and the WH is already putting out preemptive propaganda to blunt the impact:
#DisasterPresidency #TooStupidToBePresident
https://www.ms.now/rachel-maddow/watch/maddow-trump-already-defensive-about-economic-data-that-hasn-t-even-been-release-yet-2486336579901
@nek
With no more #Shutdown to blame, the #DisasterDon Administration was finally forced to release the November #JobsReport (two weeks late.) #Unemployment ticks up to 4.6% (up from 4.1% just one year ago.)
Can you spot where T**** took over based on this graph? Can you spot where #Biden's last budget ended? 🤔
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Job creation graph every month since January 2023. Biden's economy trounces Trump's nearly every single month.