Many Fortune 1000 companies are headed into budget season to negotiate 2025 funding for projects, infrastructure , etc. Many of these companies managed modest profitability gains and did so through reducing headcount, deferring major expenditures until 2025, etc. Feels like many firms are in a “wait and see” holding pattern. If Trump wins this November, I think we’ll see the floodgates open on spending, hiring, investing in projects, etc.
It's partially true... many businesses today want to to do 3 people's jobs for shit pay and brutal expectations...all the while pressuring you constantly to do these bs courses on bribery, harassment and other bs so they can reduce their liability insurance premiums.
I'm not talking office jobs... I mean like a service tech. Then they do some bs like beat you up on mileage etc. Not to mention they want to own you...off hours calls, trying to add weekends etc . Many have no idea.
Might take a few days to work through system. Large firms have certain time frames to adjust margin based on their risk modeling. Large firms would also be positioning themselves to protect themselves or even short market and get retail traders to hold the bag.
Yen is strengthening last few days it was doing that 3weeks back and had a flash crash. Could indicate unwinding of carry trade which would cause a crash eventually
They are the one who put out the initial number and the revised number. They were cooking the books and they weren't caught. It's a standard BLS practice. A benchmark revision happens every August and it's preliminary. The final will be in February.
Today's was -818k.
The last big one was the 2019 numbers. They weren't cooking the books for Trump then and they weren't caught then either.
It seems like almost every single jobs report in the last two years at least was later revised down. I'm not sure why anyone believes them at this point; want the real numbers? Wait a few months, at least.
These jobs reports move the markets by the way, so it's not just for political points that they print these numbers, it pumps stocks across the board, and then, presumably, those on the inside can trade those reports.
I still remember how some places tried to blame the people for this.
"Please forgive us for being short-staffed. No one wants to work anymore."
Heard that one too many times. I know.
Many Fortune 1000 companies are headed into budget season to negotiate 2025 funding for projects, infrastructure , etc. Many of these companies managed modest profitability gains and did so through reducing headcount, deferring major expenditures until 2025, etc. Feels like many firms are in a “wait and see” holding pattern. If Trump wins this November, I think we’ll see the floodgates open on spending, hiring, investing in projects, etc.
It's partially true... many businesses today want to to do 3 people's jobs for shit pay and brutal expectations...all the while pressuring you constantly to do these bs courses on bribery, harassment and other bs so they can reduce their liability insurance premiums.
I'm not talking office jobs... I mean like a service tech. Then they do some bs like beat you up on mileage etc. Not to mention they want to own you...off hours calls, trying to add weekends etc . Many have no idea.
So glad I was a boomer. I was over-paid for everything I ever did.
When it comes to my field, nobody wants to work anymore is true.
And yet stock market is riding high
When crash?
I would expect it around end of September or beginning of October
when the stock market crashes, will the dollar crash too?
What if the crash is soft? We’ve been seeing all the fear porn, but still no big stock market crash. It has been deflating though.
This revision means we added 175K jobs a month in the 12 months this number covers.
Why would adding 175K jobs a month mean the stock market should crash?
Lower Assume it would signal weaker economy and traders would have to adjust models down
Well the market is flat today, just slightly up, so this doesn't seem to a market mover let alone and indication of a crash
Might take a few days to work through system. Large firms have certain time frames to adjust margin based on their risk modeling. Large firms would also be positioning themselves to protect themselves or even short market and get retail traders to hold the bag.
We're back up over 41,000.
Yen is strengthening last few days it was doing that 3weeks back and had a flash crash. Could indicate unwinding of carry trade which would cause a crash eventually
This is not how market crashing news works.
It probably means a rate cut in September
Do this in the private sector, you are charged and face jail time.
Do it in the public service, 'whoops, sorry about that, now about that pay rise'.
We all need to make them accountable. Make sure we secure elections.
So they got caught cooking the books.
Sure looks like it.
BLS revisions are standard.
They sometimes revise up and sometimes down.
They are the one who put out the initial number and the revised number. They were cooking the books and they weren't caught. It's a standard BLS practice. A benchmark revision happens every August and it's preliminary. The final will be in February.
Today's was -818k.
The last big one was the 2019 numbers. They weren't cooking the books for Trump then and they weren't caught then either.
https://www.bls.gov/ces/notices/2019/2019-ces-preliminary-benchmark-revision.htm
It seems like almost every single jobs report in the last two years at least was later revised down. I'm not sure why anyone believes them at this point; want the real numbers? Wait a few months, at least.
These jobs reports move the markets by the way, so it's not just for political points that they print these numbers, it pumps stocks across the board, and then, presumably, those on the inside can trade those reports.
I sure don't. Trust them as much as I do Fauci or a deadly snake.
The BLS always revised its numbers this is standard. It happens on a standard schedule.
The final revision to this number will come out in February.
Also standard is propagandists screaming *THE BLS IS LYING * every time this happen.
Listen to them as much as I listen to Fauci.
Fire them all.
They need to be fired. You got it.