“If we exclude the impact of the annual revision, the January readings would have been -137K for labor force and -272K for household employment.”
I think this is the employment figures version of the climatologists at NASA's hockeystick. Just made up crap that covers up the reality, under the term 'seasonal adjustment'.
There is usually a huge hiring surge in December with layoffs after the holidays.
So the labor department "Adjusts" the numbers - seasonally adjusted.
This year imo, doesn't fall under anything termed 'usual' to qualify for that adjustment.
Those numbers are a pile of manure - Dan bongino said 2 days ago he had a source that said the numbers were a dumpster fire - something is up and totally sus
Guessing: A lot of people would be put out of work because of the pandemic restrictions. I bet some of those are now going back to work so they are not "new" jobs per se.
Not in spite of. Those are jobs that are coming back that should've never been lost due to the lockdowns and shutdowns.
It IS a numbers gamez and it's a game the Cabalites hope the Normies and Sheep don't get wise to. How they haven't noticed that it's a literal shell game, is beyond me. It's so glaringly obvious, that at this point, it seems that a lot of people are just refusing to wake up, or are now complicit in bringing about the Great Reset because they truly believe things will just "go back to normal" if they comply.
The Biden Administration is counting the 467,000 illegals that came into the Country last month as employed since they are being paid by the U.S. Government.
Here's a simple test. Go to your local Walmart at mid afternoon, mid week. Do they have two or three of a long bank of registers open and a line with about 20-30 people in line at the self checkout? Are there still gaping holes in random sections of shelves? Did you see this many people grocery shopping in the middle of the day before covid when employment was high?
I was at a local Walmart day before yesterday, went to registers at about 2 pm. Three regular registers open, all with long lines. About 25 people in line at the self checkout. These were all young, not retirement age men and women. Why weren't they at work? Why didn't Walmart have more people working registers? Why was there plenty of bread but no crackers?
Well today was one checkout open and everyone, customers at the self checkout. Not a whole lot of folks in the store. Shelves were not quite full. That tells me jobs aren’t coming back that fast.
“If we exclude the impact of the annual revision, the January readings would have been -137K for labor force and -272K for household employment.”
I think this is the employment figures version of the climatologists at NASA's hockeystick. Just made up crap that covers up the reality, under the term 'seasonal adjustment'.
There is usually a huge hiring surge in December with layoffs after the holidays. So the labor department "Adjusts" the numbers - seasonally adjusted.
This year imo, doesn't fall under anything termed 'usual' to qualify for that adjustment.
So to summarize your saying that this is a case of gaslighting?
I'm an engineer, not an employment-ologist. But I know the smell of crap and this has it.
trying to keep the market up for a few more hours.
there's been comms everywhere in financial news. amazon prime up 17%. 467 = 17. etc....
buckle up. it's habbening
Messing with the numbers.
Those numbers are a pile of manure - Dan bongino said 2 days ago he had a source that said the numbers were a dumpster fire - something is up and totally sus
Did he name the source or say what the numbers actually were?
The source was ADP - I was able to confirm shortly after hearing the show. So - either ADP was pulling a head fake, or something is off here.
I like your explanation makes sense. Edit: Did some checking and that totally checks out. Sharp drop off then steadily climbing back.
4+6+7.
Guessing: A lot of people would be put out of work because of the pandemic restrictions. I bet some of those are now going back to work so they are not "new" jobs per se.
Not in spite of. Those are jobs that are coming back that should've never been lost due to the lockdowns and shutdowns.
It IS a numbers gamez and it's a game the Cabalites hope the Normies and Sheep don't get wise to. How they haven't noticed that it's a literal shell game, is beyond me. It's so glaringly obvious, that at this point, it seems that a lot of people are just refusing to wake up, or are now complicit in bringing about the Great Reset because they truly believe things will just "go back to normal" if they comply.
The Biden Administration is counting the 467,000 illegals that came into the Country last month as employed since they are being paid by the U.S. Government.
Employment numbers have been Goal Seeked at times since before 2008.
After 2008, the Goal Seek function for employment numbers became part of their SOP and is basically used for every job report released.
Here's a simple test. Go to your local Walmart at mid afternoon, mid week. Do they have two or three of a long bank of registers open and a line with about 20-30 people in line at the self checkout? Are there still gaping holes in random sections of shelves? Did you see this many people grocery shopping in the middle of the day before covid when employment was high?
I was at a local Walmart day before yesterday, went to registers at about 2 pm. Three regular registers open, all with long lines. About 25 people in line at the self checkout. These were all young, not retirement age men and women. Why weren't they at work? Why didn't Walmart have more people working registers? Why was there plenty of bread but no crackers?
Well today was one checkout open and everyone, customers at the self checkout. Not a whole lot of folks in the store. Shelves were not quite full. That tells me jobs aren’t coming back that fast.
It's worth keeping a critical mind.
I remember when (((W. Bush))) (real name Scherff) redefined fast food as factory work to hide his ZOG knife wounds in our backs.
In my state everybody is hiring and paying way more than ever.