Another good (?) Jobs Report - Sept adds 336K jobs

Yeah, someone's lying their ass off...shocker.

 

A link would be good, thanks

 

Like any report. Can't just look at the headline number.

They get the headline number by looking at payrolls.

Here is where it gets not-so-good.

The job force participation rate was unchanged. On top of that, the labor market has lost 692k full-time jobs in the past 3 months.


The headline number is mostly part-time and multiple job additions. The government was also a large part of the increase (71k per the report).
An increase in people working multiple jobs is not a sign of a good economy. It's a sign of people struggling to pay bills and for lifes needs.

You have to go back to Feb this year to find the last time full-time employment was at the current levels.


Lastly, the household survey shows only 89k jobs were added which is more in line with what the ADP report showed this week.

Again, the headline number hardly ever tells the true story.

 

Look at my last post. Historic high in full time jobs. Your few months of comparisons shows no story.

 

Well it should be since umm we have more population. Next are you going to tell me water is wet? We will always have new al time highs since population continues to grow. Just like the next low will never be as low as the last low.

Employed, Usually Work Full Time

Doesn’t change the fact we now have a trend of negative full time jobs.

 

It’s right at the all time high. Yea a minor pull back from an all time high is not a negative trend.

 

You don’t notice a trend?

 

3 months in a row is a trend. You may not like the data but it’s not changing what is happening.

 

You’re kidding right?

 

We are also in the middle of the great baby boomer retirement/death era, which offsets new entries into the work force to a large extent and explains why the work force participation rate doesn't always increase when you have new job creation.

 

We are coming off a modern all time high full time to part time ratio. We are hovering near an all time high full time jobs. At some point it will have to pull back but unfortunately for you it hasn’t yet.

 

When they wake up one Friday and see that the US finally lost jobs for the month, it's going to seem like Christmas morning to them.

 

Millennials are a larger group and Gen Z is almost as large as baby boomers. I’m sure both are easily making up for those enter retirement.
Plus baby boomers are working longer.
Living Longer, Working Longer: The Numbers

 

Still, the baby boomers are an anomaly in what is usually a very linear (or probably parabolic, really) retirement rate. The average Gen Z is basically high school age and the older millennials are 40 ... so that leave you with older Gen Z and younger millennials who may be getting their first job ... Your argument that two are equal pretty much makes my point that retirements are largely offset new hires ...

 

Gez Z is right after millennials. How did you go from an 40 to high school. lol

Gen Z will make a mix of 26 year olds to high school age.

Millennials are hitting late 20s through late 30s

plus inflation has only made it harder for baby boomers to retire.

By the way, go gators!

 

You should look up info you are not sure of before posting. Millennials are 25 to 40, Gen Z is 11 to 26, per Google…

So exactly like I said, older Gen Z and younger millennials would be the ones looking for first jobs….

Do you really disagree with that? It’s not there are a lot of 30+ year olds suddenly deciding to get their first job….

 

I have never heard of the ages you are trying to use.

Anyhow…
U.S. population share by generation 2022 | Statista

25+ Gen Z Statistics [2023]: Tech, Preferences, And More - Zippia.

Here are multiple sources giving you the date ranges for each generation.

 

From your own link ...

"This means Gen Z covers anyone from 11-26, or that around half of all Gen Z are still minors. "