UNDER THE SURFACE THIS JOBS REPORT IS COMPLETELY ABSURD THE ECONOMY IS IN SHAMBLES
THERE IS LARGE NEGATIVE JOB CREATION AMONG GOODS PRODUCING JOBS
IF YOU TAKE OUT THE YOY GAINS FROM:
-INDIVIDUAL AND FAMILY SERVICES (AKA RETIREMENT HOME EMPLOYEES) (+250K)
-HOME HEALTH SERVICES (+100K)
-OFFICES OF PHYSICIANS (+50K)
– OFFICES OF OTHER HEALTH PRACITITONERS (+40K)
-LOCAL GOVERNMENT (+70K)
THE USA HAS LOST ALMOST 100K JOBS IN THE PAST YEAR
DO NOT BE FOOLED THIS ECONOMY IS IN SHAMBLES
BLS Report Is a Complete Disaster, -100K Jobs YoY Without four retirement-centric sectors & local government
byu/Primary-Abies9041 inwallstreetbets
Posted by Primary-Abies9041
49 Comments
Yeah but have you tried buying MU calls?
Believe it or not, Calls.
thanks for the deep dive. i knew something funky was going on. work in tech and we are not hiring. layoffs
The US is rapidly becoming a nursing home with a data center attached to it
how much did you lose today?
WHY ARE YOU YELLING?!
Yeah, calls.
Who caressssss
https://preview.redd.it/g6lc8q9czxzg1.png?width=1170&format=png&auto=webp&s=98d63047af6fc6ed9de5c6a10e7811e663415049
This is like saying if you ignore the categories experiencing high inflation there is no inflation.
r/doomercirclejerk
Wait, so retirement home employees and health services are not good producing jobs? You have a huge aging (boomers and Gen X) population loaded with cash, needing help, but this is your ber DD? GTFO.
lol. So jobs are lost when you subtract hundreds of thousands of jobs?
Why are you shouting
The economy is in shambles but my portfolio is up 2.5 % today.
THE STOCK MARKET IS HALF A CASINO, HALF A RETIREMENT VEHICLE FOR OLDER FOLKS WHO VOTE FOR ME. I DON’T UNDERSTAND THE QUESTION. WE’LL SEE WHAT HAPPENS. IT’S ALL IN THE WEBSITE.
“Goods production” and “employment” are both relevant statistics, but they are *different* statistics and only loosely correlated. You seem to be assuming that if employment *within* a certain sector declines, the productivity of that same sector will also decline, but there’s no particular reason that must be true.
(It may also *coincidentally* be true, but this report doesn’t show that.)
Bullish
If you regress all his stats to the mean then Patrick Mahomes isn’t even good!
Cry harder and watch your puts crater
Home Care jobs are the fastest growing in the country until the service robots can begin folding laundry, driving grandma to her doctors appointment and taking out the garbage
Every US tech based company I’ve worked for has a fancy office in California or Texas, workforce out of Asia and manufacturing in China.
Why is anyone surprised they are losing jobs YoY
My nursing home stocks have been booming since last year (NHC, WELL). The great wealth transfer will not come by inheritance, it’s gonna come by nursing homes shaking these boomer vampires upside down.
>IF YOU TAKE OUT THE YOY GAINS FROM:
>-INDIVIDUAL AND FAMILY SERVICES (AKA RETIREMENT HOME EMPLOYEES) (+250K)
>-HOME HEALTH SERVICES (+100K)
>-OFFICES OF PHYSICIANS (+50K)
>- OFFICES OF OTHER HEALTH PRACITITONERS (+40K)
>-LOCAL GOVERNMENT (+70K)
>THE USA HAS LOST ALMOST 100K JOBS IN THE PAST YEAR
Is this Mahomes “regress to the mean” talk or what? If you take out the good parts of the report it’s bad? lol
Well he put it in all caps so it must be true
man this is wild, everyone talking about job growth but if you strip out the healthcare stuff for boomers we basically going backwards
Please turn off CAPS
one reason I heard healthcare sector is hiring so much:
BLS counts doctors & nurses that work a 2nd hospital as a new job creation. when in reality its the same individual with the same job, different location
Umm…I guess I get the point you’re trying to make but shifts in job sector growth is still growth. Given the slowing birth rate and aging boomers, I think a short-ish term growth in most those sectors would be expected.
Sorry, can’t take you seriously with full caps. You might be the next Warren Buffet but no, goodbye.
So calls?
Unemployment is crazy…at least all around me it is. My husband, a DOE, got laid off along with many others at his company (they couldn’t afford to pay them; his job got absorbed by his boss). My neighbor, accountant for 25 years, same thing. There’s a few people at my church who have also been laid off. WHAT is going ON? 😞 Hubby only just finding work after 3 months. This is crazy.
The jobs reports are filled with lies anyway, because if they the truth the people who write them get fired.
Not reading if you’re going to talk to us like that, mister.
*”Believe it or not, calls”* they said, as they took their last unemployed breath from the hentai virus.
XLK +3% lol don’t care
So if you take out the areas that are growing, the job market is not actually growing? Big if true
“If you take out the areas we gained jobs, we lost jobs overall.”
No shit. That’s how everything works. Take out the positive and leave only negative, you get only negatives.
I’ll give you the data may be cooked, and that we aren’t adding jobs, but that’s this administration’s goal. Low paying jobs.
If you take out the jobs that were gained there were no jobs gained!
But you see, everything is priced in. The stock market prices have famously never been wrong in the history of the world. Nothing to worry about.
If you take out all The job gains the US has lost jobs? Is that how I am reading this post?
Yea but the Dow!
my calls say differently
OK I HEAR YOU
Believe it, or not, calls.
Believe it or not, Caps.
Shut up nerd I’m up almost 5% today
If you’re going to agenda post at least make it good. This is sub 80 iq stuff
I am so sorry the jobs numbers were good, this must be very hard for you.