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Posted
41 minutes ago, BillStime said:

 

It will be revised.  And if you look at details.  It's mostly service with a bunch of the Wipro folks you rep.  

 

You know how crappy that pays 

Posted (edited)

Federal government payrolls continue to increase and make up a large component of the monthly job gains.  Most private companies have become more efficient over time through computing, software and automation but not the federal government. 

 

 

Federal employees over time

 

Screenshot2024-03-15081523.thumb.jpg.8c40ebf44db7dbc4dc3635f6ff898a6e.jpg

 

 

Edited by Precision
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Posted
2 minutes ago, Precision said:

Federal government payrolls continue to increase and maek up a large component of the monthly job gains.  Most private companies have become more efficient over time through computing, software and automation but not the federal government. 

 

 

Federal employees over time

 

Screenshot2024-03-15081523.thumb.jpg.8c40ebf44db7dbc4dc3635f6ff898a6e.jpg

 

 

Efficiency is not a goal of government.

  • 3 weeks later...
Posted
5 minutes ago, BillStime said:

 

Boom.

And with inflation over target, will they raise rates?

 

And the divergence between the official numbers and the household report?  

 

Never mind.  Jobs 

 

Posted
On 3/12/2024 at 1:53 PM, Tommy Callahan said:

It will be revised.

It was revised UP.

 

12 minutes ago, Tommy Callahan said:

Boom.

And with inflation over target, will they raise rates?

 

And the divergence between the official numbers and the household report?  

 

Never mind.  Jobs 

 

Has there ever been a more "glass half empty" pessimist?

Jobs report bad? Biden's economy sucks. Not adding enough jobs.

Jobs report good? Biden's economy suck, more inflation.

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Posted
12 minutes ago, The Frankish Reich said:

It was revised UP.

 

Has there ever been a more "glass half empty" pessimist?

Jobs report bad? Biden's economy sucks. Not adding enough jobs.

Jobs report good? Biden's economy suck, more inflation.


They cannot, under any circumstances, say that anything is ever good if a Dem is president. 

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Posted
12 minutes ago, Tommy Callahan said:

I get it.  Simple minds need a binary solution.

 

You all jumping up and down about all this?  Including black unemployment being so high? 

 

 

 

 

So you tell me: is there anything GOOD about the economy today?

Because if there is I haven't ever heard it from you.

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Posted
2 minutes ago, ChiGoose said:

I see that the usual crowd has gotten their talking points ready 

A lot of it is government jobs, 71K.  And health care jobs are most likely funded by Medicare and Medicaid.  Which is more government spending.  Even for private insurers like UnitedHealth or WellPoint government programs like Medicare Advantage and Medicaid comprise the majority of their insurance business. 

 

Meanwhile, this administration is on track to run a 2024 fiscal deficit of around $4 trillion.  Unless the prevailing wisdom no longer applies, the general rule is government deficits shrink or turn into surpluses in good economic times because tax receipts boom and social assistance and other support programs become less necessary.  But all that's going in the other direction.  I can't explain why that's happening in what many say are "good times" for the peasants.  

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Posted
28 minutes ago, ChiGoose said:

I see that the usual crowd has gotten their talking points ready 

They've found a useful talking point! Government jobs.

 

But if they weren't so insular, they'd have found a better talking point: IMMIGRATION! Hiding in plain sight in the NY Times.

 

https://www.nytimes.com/live/2024/04/05/business/jobs-report-march-economy#immigration-is-helping-to-meet-hiring-demand-and-may-explain-data-mysteries

 

Look for them to catch on a bit late.

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