Every single month this year has been downgraded after the fact. They tell you "200k jump" and then two months later it turns out it was like 100k in reality
Any time this unelected regime's lips are moving, they are lying.
"if one believes the headlines, in August the US added 187K jobs, and the number of employed workers rose by 222K. However, taking a closer look at the adjustments applied to the actual data, and its composition, we find not only that the unadjusted increase was just 20K jobs, or the worst August since the global financial crisis, but that in August, the number of well-paid, full-time workers actually dropped by 85K, offset by a 32K rise in part-time workers.
Adding to the striking July moves, we get a 670K drop in full-time workers in the past months, offset by a 1,004K jump in part-time workers. No wonder then that multiple-jobholders are just shy of all time highs, who have discovered that to keep up with the economic miracle that is "Brandonomics" they need to work (far) more than just one job."
These are people taking second jobs. We are at record numbers of people who have to work second jobs. Both my wife and I have to work two jobs (and a majority of our friends and family). The numbers are manipulated, it should be how many individuals are working, not how many employees there are. Let’s see those numbers.
This gets an econ collapse tag? Why the doom?
This is the longest time in 50 years we've had unemployment under 4%.
This seems like garbage even for ZH.
It's the same folks who put out unemployment numbers under Trump. It's the same BLS.
Unemployment was 3.5% last month. It's 3.8 this month
That seems like a big deal. But we added 187K jobs. If we had a job, how did the unemployment rate go up
The answer is the labor force rose by 736k which is good.
We had a 700K jump last August too.
Lot of this is young folks going back to looking for a job after summer.
The point was that it's not 187k.
Every single month this year has been downgraded after the fact. They tell you "200k jump" and then two months later it turns out it was like 100k in reality
https://www.zerohedge.com/economics/inside-todays-disastrous-jobs-report-670k-full-time-jobs-gone-last-2-months-offset-1
Any time this unelected regime's lips are moving, they are lying.
"if one believes the headlines, in August the US added 187K jobs, and the number of employed workers rose by 222K. However, taking a closer look at the adjustments applied to the actual data, and its composition, we find not only that the unadjusted increase was just 20K jobs, or the worst August since the global financial crisis, but that in August, the number of well-paid, full-time workers actually dropped by 85K, offset by a 32K rise in part-time workers.
Adding to the striking July moves, we get a 670K drop in full-time workers in the past months, offset by a 1,004K jump in part-time workers. No wonder then that multiple-jobholders are just shy of all time highs, who have discovered that to keep up with the economic miracle that is "Brandonomics" they need to work (far) more than just one job."
These are people taking second jobs. We are at record numbers of people who have to work second jobs. Both my wife and I have to work two jobs (and a majority of our friends and family). The numbers are manipulated, it should be how many individuals are working, not how many employees there are. Let’s see those numbers.
That means you trust the statistics from the federal government. I'm sorry to hear that.