Jobs report

[Velo Vol]

Without a doubt. Plus they like to use it as a political football and let whoever is in the WH take the heat.

If you pass a law, it makes it more difficult to blame someone else for the situation.

 

[LouderVol]

If you pass a law, it makes it more difficult to blame someone else for the situation.

That hasnt been Bidens experience.

 

[Velo Vol]

 

[NorthDallas40]

So where is the disconnect then?

Job openings reach historic high of almost 11 million. Why are 9 million still jobless?

The U.S. now has more job openings than any time in history

Economic oddity: Record job openings and many unemployed | AP News

Workers quit their jobs at a record-high rate at the end of the summer

 

[Vol8188]

The good news is becoming poorer and more hyper focused on race, makes us far more European.

 

[hUTch2002]

So where is the disconnect then?

Job openings reach historic high of almost 11 million. Why are 9 million still jobless?

The U.S. now has more job openings than any time in history

Economic oddity: Record job openings and many unemployed | AP News

Workers quit their jobs at a record-high rate at the end of the summer

Because there’s record numbers of people not even trying to get a job.

 

[NorthDallas40]

Because there’s record numbers of people not even trying to get a job.

That’s about all that makes sense to me too. I can’t ever remember a time where we had “record low unemployment” while having so many employers looking for workers. It’s broken.

 

[hog88]

That’s about all that makes sense to me too. I can’t ever remember a time where we had “record low unemployment” while having so many employers looking for workers. It’s broken.

Isn't the UE number calculated by the number of people filing for UE? If so couldn't the decline be because people have used up all eligibility?

 

[hUTch2002]

That’s about all that makes sense to me too. I can’t ever remember a time where we had “record low unemployment” while having so many employers looking for workers. It’s broken.

It really is. Literally every client I meet with is looking for workers and this is across many types of manufacturing, construction, trucking, logistics, hospitality and more. And I’m not talking about being down 1-2%. I’m talking 20%, 30%, 50% in some cases. What’s crazy is they’re almost all actually having pretty good years but it’s a precarious position as they can’t afford any further employee losses and can’t grow like they want. The same is true in personal life going to stores, restaurants, anywhere. This labor shortage is affecting almost every industry. Unfortunately, we still haven’t seen the worst.

 

[NorthDallas40]

Isn't the UE number calculated by the number of people filing for UE? If so couldn't the decline be because people have used up all eligibility?

I think it’s based on first time filers yes. Thus I’d guess long term unemployment would reflect what you’re saying. But with all the “help wanted” signs and employers screaming for workers don’t be claiming record unemployment that’s like pissing on someone and telling them it’s raining.

 

[NorthDallas40]

So extended unemployment benefits ended on Sept 8 with no grace period for new filings and all of a sudden unemployment benefits filings are great!

COVID-19 unemployment benefits are ending. Will states extend them?

 

[evillawyer]

That’s about all that makes sense to me too. I can’t ever remember a time where we had “record low unemployment” while having so many employers looking for workers. It’s broken.

Workers of the world, unite!

 

[NorthDallas40]

Workers of the world, unite!

Sounds great. You keep showing them until all your cats are starving and finally just decide to eat you, cat turd

 

[Hunerwadel]

The baby boomers who provided a reliable labor force for serval decades are now pretty much out of the market for a job.

 

[Caculator]

 

[Rasputin_Vol]

 

[Rasputin_Vol]

 

[newarkvol]

America’s covid job-saving programme gave most of its cash to the rich

 

[volinbham]

Oof. LGB!

https://www.cnbc.com/2022/02/02/adp-jobs-report-january-2022.html

 

[Sandman 423]

Oof. LGB!

https://www.cnbc.com/2022/02/02/adp-jobs-report-january-2022.html

What does omnicron have to do with it. They don't count people that miss work with illness?

 

[hog88]

What does omnicron have to do with it. They don't count people that miss work with illness?

They're grasping for any excuse.

 

[NorthDallas40]

Oof. LGB!

https://www.cnbc.com/2022/02/02/adp-jobs-report-january-2022.html

I love the idiot in chief’s narrative. It was Omicron related. No dipshit in a labor market where you already can’t get reliable employees you don’t cut the ones you have loose unless you don’t have a need for them. 300k people were cut loose because their services were no longer needed.

Private payrolls fell by 301,000 for the month, well below the Dow Jones estimate for growth of 200,000 and a marked plunge from the downwardly revised 776,000 gain in December. It was the first time ADP reported negative job growth since December 2020.

 

[Orangeburst]

Dang..300k loss! That is recessionary stuff
Good thing Biden got the virus under control as he promised

 

[Orangeburst]

This thread should get very interesting very shortly.

 

[JOEY'S ALL VOL !!!]

Oof. LGB!

https://www.cnbc.com/2022/02/02/adp-jobs-report-january-2022.html

They project a 250,000 increase and in reality end up losing 301,000. You have to really really suck at your job to accomplish that.