/biz/ - Business & Finance

America really is number 1, at this point I am fully convinced.

>>53567756
If you're a coping bobo who missed the bottom and is waiting for 'muh recession' then yes it is bullshit.

Otherwise, no and Powell is going to achieve a soft landing while tech stocks recover.

>>53567756
This month I've had 5 people I know get laid off from different places.

>>53567756
It’s true but soon they’ll bring in more migrants to increase the unemployment
what’s funny is Republicans usually bring in more immigrants

>>53567756
I’m starting a new job on Tuesday. Unemployed previous 8 months

I'm convinced these good numbers are just not where I live. I've tried to get an accounting job for 9 months now. I know I suck at interviews. But I think the biggest thing is they hate employment gaps.

>>53567756
It's definitely bullshit. But nobody seems to understand the unemployment rate anymore. There are millions of fake, make-work jobs and millions of men simply not working and millions more working 2 or more jobs just to get by.
So who knows what this means?
>>53567769
This is actually bearish news if you're hoping for a pivot. It says that the economy can take a lot more damage from interest rate hikes.

All those jobs are with Uber, GrubHub, postmates, etc. 1 person now counts for 6+ jobs.

>>53567756
>low unemployment
>High inflation
>'Welp better keep raisin dem rates'

>>53567756
>Number of shitty 12 dollar an hour McJobs increases by 517,000, as the number of people that have stopped looking for work hits an all time high.
ftfy

>>53567756
Fake numbers are fake.

Democrats lie about everything while creating new bills and policies to make you poor.

>>53568034
>muh democrats
>muh republicans

>>53567756
The math doesn't work out on it. The unemployment rate is flat and the labor force participation rate is also flat, so where did all the workers come from for those half million jobs? Either they're all from people picking up second jobs or they're all from H1Bs, all in 1 month. I don't think so, Tim.

>>53568067
Democrats seem to get make and get away with more heinous lies, recently. Not even being partisan here

>>53567756
>when republitards are in power
"NOOOOOO YOU'RE FAKING THE JOBS NUMBERS" - demonrats
>when demonrats are in power
"NOOOOOO YOU'RE FAKING THE JOBS NUMBERS" - republitards
>>53568067
this anon gets it

didn't google, facebook, amazon, twitter lay off over 60,000 people in 2 weeks??

>>53567756
If I recall they are double counting part time & gig jobs and if you actually calculate the participation rate the growth in the workforce is very little. The number of full time salary job creation is flat and hundreds of thousands of those quality jobs have been lost to layoffs. It will take a few months to manifest in the data but the pain felt across the economy will be very real.

>>53567756

>>53568627
kek, we are so fucked...

>>53568627
This is how neo-slavery looks like bros

>>53567756
don't be silly. when has the media ever lied to you on behalf of somebody like me?
https://m.youtube.com/watch?v=MBt7nLTKMis

>>53567756
Unemployment figures have been fiction for over a decade.

>>53568790
This is a man I would trust alone with my kids

>cook the books
>wow so many jobs
who's going to audit these "numbers"?

>>53567756
No, boomers are retiring faster than they are being replaced by equally skilled people. The fed really is trying to destroy asset prices to get boomers back out of retirement. This is going to become the normal going forward.

https://youtu.be/GcA3rI19jYM

>>53568627
B00kmarked

>>53569006
https://youtu.be/BnDjNpjRuAQ

>>53567756
monetary policy works with a lag you absolute fucking retarded faggot nigger.

>>53568106
>Democrats seem to get make and get away with more heinous lies, recently.
Recently?
Try for the past decade.
90% of the media is 100% owned by and shills for the Dems. Anyone paying attention even a little bit can see that.

Its 100% a lie, they did the same exact thing last quarter then quietly released the truth months later. https://youtu.be/-EeKYINPWbU

>>53569221
>try the past decade
lol
try the past 80 years

>>53567903
idk WHY this is not mentioned more on here

do you bizfucks not realize the situation? every stretched thin sdhizoid doing the gig work lifestyle submits an electronic tax form when they sign up on their phones. it's part of the 'on-boarding'.

they don't even have to work the app fulltime! that's the perk, right? work whenever, once a week? hey once a month on TaskRabbit, twice a week on Postmates, sometimes do Uber?

whatever the case, these companies neeeeever submit tax forms to the IRS stating someone's been terminated, unless you're arrested for raping a drunk Uber passenger and only if she then sues Uber will they release a statement that the driver was banned/terminated. it's not in THEIR interest ("hey look at all these people we have working for us in app land! fund us more fintech! more ads for customers in app please corp marketing!"). it's not in the government's interest to be honest about it, and these app schizoids and their families (if they even have any, because these are evry disenfranchised and isolated souls) aren't able to talk about it. this is a huge untruth we're all complicit in and it FUCKS EVERY ONE OF US

>>53567756
Bloomberg Lisa Abramowicz this morning considered the fact that many of these jobs might be people taking a 2nd or 3rd.
simultaneous WFH job.

Pic unrel; I want to HATEFUCK Alix Steele. Her stupid self absorbed expressions trigger me so hard. She just needs to get it

>mcwagie takes on 3 more jobs to pay rent
>neet-kun gives up on seeking a job altogether; lol he doesn't count as unemployed cuz he doesn't want work

LOOK THE ECONOMY HAS 4 NEW JOBS!

>>53567756
ummm no an idiot just wrote the title. if you interpret it correctly it all makes sense.

unemployment reaches a 53 year HIGH. It's "High" because its unemployment. EMPLOYMENT is at a 53 year low.

and just saying "jobs report" is a bit stupid, can be interpreted as jobs started. its 'situations vacant' or 'job vacancies' increases by 517,000.

If I didn't know any better i'd say Jeff Cox's roastie intern or just some random roastie intern titled this article.

>>53568934
nobody. because no one is actually hurt by fake news about job vacancies and unemployment.

>>53568790
or me

>https://www.cnbc.com/2023/02/03/jobs-report-january-2023-.html

The title is completely backwards LOL. Confirmed it was published by a roastie, she has completely misunderstood the article.

>The unemployment rate fell to 3.4% versus the estimate for 3.6%. That is the lowest jobless level since May 1969.
>"crushes estimates"
>wat

>>53569221
you spelled republican wrong

>>53570097
THANK YOU anon. I never knew how exactly the numbers are cooked. This makes sense.

test

>>53570371
incoming clean it up post

>>53568627
So we're bleeding out full time jobs and only adding part time jobs, which one person would need multiple of to survive.

>>53570286
>>53567827

you spelled kikes wrong

>>53570097
Underrated post.

>>53570097
Interplanetary technofascist please

>>53570371
I just vomited

Didn't we have a similar set of numbers a couple months ago like 200k expected versus 500k "actual"? I just assume these numbers are entirely works of fiction because nobody can do anything right, especially not math.

>>53567756
Didn't the WH change the definition of unemployment during Biden's first year and just straight up removed people who weren't seeking employment? As in if you were a neet just jacking off to games all day you didn't count as being unemployed? They also changed the definition of inflation so no surprise there. On top of that you need to check what kind of jobs were made and what kind of jobs were lost. If you lose 500k full time jobs and add in 600k part-time jobs that's not a fucking improvement.

>>53567756
It is propaganda, they're grooming you to believe there is a shortage of workers so they can let in mass third world immigrants to push down wages.

>>53570097
I like this image

>>53567827
>usually
Well it’s sure as hell not the case now considering entire state populations are coming in every couple of months.

>>53567756
Didn’t they just get done revising 1million to 10k?
https://nypost.com/2022/12/22/biden-administration-overstated-q2-job-growth-by-1-million-philadelphia-fed/

>>53567756
It’s propaganda, the report is disingenuous because they leave out the metrics they use to quantify the stats. It’s all in the metrics, they can make any report say whatever they want, they just adjust the metrics

>>53567756
Yes, it's bullshit.

>>53567860
^ Oh wow, somebody with a brain on /biz/.

>>53568086
^^^

>>53568067
^^^

>>53568812
^^^

>>53569221
^^^

>>53571589
Republikikes, Demokikes, what difference does it make when AIPAC decides almost all the elections?

>>53570747
Yes, but this is only a small windows into a process that's been going on for decades. It's been especially bad since the GFC. Strong employment correlates with high turnover in temporary positions.

>>53567756
It is bullshit. The model of the non-farm payroll report doesn't reproduce the raw number of jobs, it adjusts it by the number of "expected" jobs. Allegedly - and we can all decide whether we want to give them the benefit of doubt on this - it takes into account demographics and expected company birth- and death-rates. Of course, by lowering your expectations, you can get extraordinarily positive results from any data.

>>53570371
That's a man.

>>53569006
if the fed raises interest rates, or holds them here, the US government will print more money to pay interest on national debt. It will be very inflationary.
You don't want to hold dollars, you want real things in the real world.

>>53567756
Biden made america great again?
Jk fuck joe.

>>53572657
You watch your mouth when you speak about the most popular president of all time who defeated covid, inflation, unemployment, Russia and the extreme maga rethuglicans

>>53567827
>bring in more migrants to increase the unemployment
Maybe the nigs from haiti. Beaners get job offers from uncle talido making 20$/hr pulling weeds while slinging coke on the side.

Don't you ever wonder why there are always so many mexinigs at the border, but they make up such a tiny proportion of the homeless?

>>53567821
That just means 4 unemployed people got new jobs!

>>53572719
Nvm I'm dyslexic I read it as "I knew someone who was laid off from 5 jobs"

>>53567756
Republicans on their way to talk about wokeness and hunter Biden s dick for two more years

>>53572729
>wokeness
Reddit is two blocks down.

>>53567844
Checked, you’ll be a super employee and you’ll have fun there anon :)

anyone who is on an unemployment program, for jobseeking or disabilities, is not counted towards the unemployed
prisoners probably don't count either

>>53572729
I thought jews always wore those other tiny hats?

>>53570282
Are you retarded? The unemployment rate fell more than expected, which means there are more jobs and fewer unemployed than expected. That's why it 'crushed' estimates. It was better than expected.
I'm not for white knighting roasties, but Jesus, get your head on straight

>>53567756
What's bullshit?
Dude 1 100 100 died, ofc there's no unemployment

>>53567756
>People that stop looking for work are not counted as unemployed

How do these people even make a living now?

Of course it's bullshit. People who still believe a word this government or its media says are absolutely braindead.

>>53567756
Are good job numbers bearish?
I thought daddy powell wanted to kill jobs to curb inflation.
>t. economic illiterate

>>53567756
Joe fucking biden pulling a obama when his fucking numberd are bad, what a suprise
>6 month and more looking for a job?
>You are just not trying hard enough!
>Let's us remove you from the unemployment list :^)

whatever happens, i'm just glad orange man doesn't makes us look like idiots to the world anymore. it was funny for a while, until everyone noticed it wasn't an act

every indoctrinated professional knows sun tzu. at this point saying the opposite of reality doesnt work any more and may never again. A living wage job is hard to find even if you are an expert, genius, super athlete, knowledge base prodigy. Some nigger with no iq ruins the job cause it fills diversity DEI EOE antiwhite jewlaw quota. Everyone suffers so africans can live the television life in a country founded by men who personally beat niggers and killed opposing foreign government mercs for enforcing tax

>>53574294
Yeah, for wall street. But good for main street.

>>53567756
>News isn't how I expected or wanted
>Must be bullshit
You must be a bear or a political schizo . Either way take you L

>>53567756
Doesn't say what kind of jobs.
>Breadwinner gets laid off during chinkflu
>cut unemployment benefits mid 2021
>make it impossible for average family to get support
>Both parents need to get McJobs when originally only one worked
>Kids need daycare now, and that's barely covered with the McJob salary
>Daycare needs more people to watch fucktrophys
>OMG WOW! Look at all the jobs!
In Biden's world, forcing a single income family to become a dual income, and forcing service places to hire more people is 'job increasing'

>>53570747
Exactly

It is 100% bullshit. Let's assume every woman I don't see is not counted as the total women on Earth. My girlfriend is taking a nap about 7 feet away from me. I have had sex with her. Therefore I have had sex with all women on Earth. Numbers and stats are meaningless when they've been pilpul'd and "SCIENCED!" to fuck and back.

>>53567756
Doordash employing a lot of people right now

>>53567756
Of course they cant have all these job openings with out a huge influx of labor because then wages would go up. They will crash the economy than see wages go up.

>>53567756
Just like when they found 500,000 dead voters who managed to vote for Biden. Get used to it. This is your future. GREAT news for democrats. TERRIBLE news for Republicans if they're ever allowed to win. Same everywhere else in the world - only good news is allowed for globalist wef shills. Bad news for anyone who dares not fall in line. Ive been observing it carefully re: UK its quite fascinating to see if people will ever see through it.

>>53575820
>muh republicans

>>53575778
and grubhub and uber eats etc etc and they all count as separate jobs for each person, someone could easily rack up 3+ jobs

If you have mass layoffs you get mass rehirings. But on balance you end up with fewer people employed.

>>53570097
>None have furries
Needs revision.

>>53567756
Bullshit. Several job sectors imploded recently, especially tech. And many are still cutting the fat and downsizing. The jobs that were added are service-tier wagie jobs most likely.

Nobody is fucking hiring.

>>53576705
True. See: >>53568627

>>53567821
>>53567855
Interesting

>>53570097
I'm stuck deciding between the hyper cocaine city or transcendence with sex slime

>>53567860
Don't they base this on people receiving unemployment?

>>53570110
One of the more asymmetric faces you’ll see

>>53570371
That’s fake. Here’s the real one.

>>53571105
>Didn't the WH change the definition of unemployment during Biden's first year and just straight up removed people who weren't seeking employment? As in if you were a neet just jacking off to games all day you didn't count as being unemployed?
that's been the way they tally unemployment for literally decades. It's definitely underhanded to just try and sweep the participation rate under the rug, but Joe ain't the one who started it.

Same with inflation, the Fed has been artificially making it look lower with their "core" inflation measure - that is, leave out the things that have gone up in price the most, like food and gas. But again, that scam goes back many decades.

>>53576705
Bong here, the job market for tech seems to be hot because I've noticed a large uptick in recruiter inmails on linkedin, and we haven't really had layoffs.

>>53567756
Complete and utter bullshit I have never in my life had so many family and friends out of work.

>>53581484
Holy fuck burn it with fire

>>53570747
It'll get to the point where most Americans are working 5 or 10 mcwage part time jobs, single or married. We'll spend more time working than sleeping or even being at home. Less time at home = no time to care for families = no kids and no replacement population = population decline = population control. It may take another 100 years to see the end result but these people can wait thousands to get what they want.

>>53567860
General citizen labour and income tax does not provide meaningful income for the economy. Natural resources, war and trade create state wealth.

In order to keep the economy running the people need to keep consuming though. And fake/part time jobs are a pretty good solution to keep the charade going.

>>53567756
The real number was -2.5 million. Yes, minus.

http://theeconomiccollapseblog.com/dont-be-stupid-the-u-s-economy-actually-lost-2-5-million-jobs-last-month/

Its probably accurate.

3 reasons.

1. the amount of low level jobs available a year ago were extreme. and no one wanted to work them because everyone could live off saving and investment gains etc. NOW they are getting scooped up cuz people need money.

2. layoffs from middle management etc have always been a thing and don't affect the unemployment rate that much. Reason being those jobs really only get created during times of expansion and are the first to go when expansion is dropped and business pivot to stabilising.

3. a lot of older people have started to retire due to covid, being booted out of their comfy upper management position no longer being needed (see point 2.) Those positions open up capital for businesses to create lower level positions for younger employees at a fraction of the price.

>>53583453
Eurodollar already covered it. The census bureau made a periodic adjustment to the estimate of total US population. Then the employment yahoos didn’t know whether they had jobs, so they declared they had part time jobs — yeah, that should be good enough.

>>53570097
There needs to be more funding into anti aging technology, cybernetic augmentations and energy.

>>53568086
Ukraine and Russia. We've taken on a shit load of them. And most of them work.

>>53574573
Grandparents should be employed as nannies.

>>53570097
for me, it's the archeofuturist miyazaki patchwork.

>>53583180
Oops

>>53567756
It's hard to tell without detailed information. It might as well mean that families where 1 of the parents stayed at home and took care of children, can no longer afford to continue such lifestyle. I wouldn't call this situation an improvement.

>>53573397
it isn't obvious? Crypto day trading lol. Welcome to america

>>53571589
This is the most reddit post I've seen on biz in a long time

huge sell signal

>>53574294
Yeah this thread is retarded. We're in a wage price spiral leading us towards stagflation.

its probably mostly true due to data manipulation