America Added 178,000 New Jobs Last Month… But How Is That Possible?!

49 Comments

  1. 1. Administration isn't reliable for any metric in any area of government 2. Same as other posters – slow/low hiring, low annual increases and flat or reduced budgets. 3. Job hugging

  2. I have been saying this for years… Here's a couple of quotes from HBO series Chernobyl.

    What is the cost of lies? It's not that we'll mistake them for the truth. The real danger is that if we hear enough lies, then we no longer recognize the truth at all"

    "Every lie we tell incurs a debt to the truth. Sooner or later, that debt is paid"

  3. My company has hired 100 students per year for the last 10 years, even through Covid. This year due to the unstable government direction we are only hiring 20 students

  4. What you mentioned with traditional W2 work and 1099s. I have been in the roofing industry for 20 years and the only W2s are the couple of people working in the office that do quickbooks, scheduling/ordering, and answer the phone – everyone else is a 1099. When you have slowdowns, nobody becomes "unemployed," there's just less work and thus your income drops because youre paid per project. From the subcontractors to the salesmen we all have our own LLCs or S-corps for tax purposes, so we are always "employed" by ourselves – whether we do 1 job in a month or 30. And I'm sure most 1099 contract work from the trades to consulting to gig work is similar.

  5. Honestly it's likely just like the poverty line calculations. It was based on a formula that hasn't been revisited in decades. The economy is so different that the numbers said formula provides has no basis in reality anymore. (e.g. food and energy costs not being as historically small vs total take home pay).
    For this? I am betting its based on the W2 payroll filings that is used to inform the baseline to try and infer non-'regular' employment. (independent, gig, temp)
    Now instead of most employment being through W2s… it's based on things aren't regular employment. Now let's get into the real scandal…. the underemployment rate. ^.~

  6. First of all, that's a very low number compared to what it should be. Second of all, these numbers are inflated, and have been for quite some time. The downward revisions are quietly announced and forgotten after the big pop of the high numbers.

  7. After covid a lot of jobs were eliminated and never came back. Since then everyone has been losing jobs every week from teachers to software developers. Theres no way these books arent cooked.

  8. For the past like 12 quarters they've reported great job numbers and then revised it way down later. They're just lying so the algobots don't think we're in a recession and then delivering the real number later. They're just lying!

  9. My local hardware store has had a "were hiring" sign on the door for the last 30 years and they literally haven't hired a single new person in that entire time. It's the same people that have been there since the 80s when it opened. So why even put the sign on the door?

  10. Listen, as I’ve transitioned from an intelligence analyst to a data analyst, “boring money man rants about data collection methodologies” is increasingly relevant lol.

  11. I work in construction in Seattle… the market here is kind of slow but people doing work in the very outer suburbs and other states are incredibly busy. We had one of our competitors calling us to try and see if we had anyone they could hire on a temporary basis to fill gaps. Data centers, battery/chip manufacturing plants/etc are booming. But because those are manual labor jobs in red States, they are invisible to a lot of people

  12. It's best when they publsih data that is blatantly misleading to keep their job. It doesn't leave room for cognitive dissonance or friction from sheer disconnection from reality

  13. Economics is the only field I'm aware of, in which we know for a fact a certain group of survey respondents will always lie, having every incentive to do so and absolutely no repercussions when caught. And yet people continue to ask the same questions in the same sort of surveys to that same group, with absolutely no controls in place to account for the known fact the respondents will lie through their teeth, and then people still take their responses at face value.

    EDIT: I immediately thought of another one: the reporting of crime statistics. Police agencies also always lie about crime rates and who is committing them. Based on FBI crime statistics, you'd never know the most dangerous places to live are rural areas. And that's because FBI crime statistics are self-reported by only participating police agencies. But based on death certificates listing causes of death as homicide by gunshot, you'd learn otherwise. Need to make sure we present the proper image to the public, after all. Can't have anyone know that rural, white America is the most dangerous place to live in the U.S., the same way we can't have people know the U.S. is being turned into India 2.0.

  14. Here's my fun story: I got hired for a part time job in November that required a background check. You know, the same thing that I've had done probably a dozen times or more across my life and its never taken more than a few days to come back because my record is totally clean… Fast forward FOUR MONTHS and it finally goes through. Why did it take so long? According to a state representative that shall remain anonymous: it was just sitting under a giant pile of papers somewhere in a court. So I got to spend four months living on basically nothing before I could start working my PART TIME JOB. This world is @#$%ed.

  15. i wonder if there is any guarentee those jobs were given to american citizens or, say, people on visas or remote workers that companies dont have to give benefits or a minimum wage salary too

  16. Companies shout their layoffs in favor of AI, but when it flops and they re forced to rehire, they do it as quietly as possible. There are also a ton of shadow employees being deported because they are in the country illegally. These are being replaced with employees that are not only paid more, but in the country legally. These are reported, while the former are not.

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