US adds 272K jobs and Wages Grow Faster than Inflation

citygator · Jun 20, 2024

Tjgators said: ↑

Job growth was overestimated by more than 770,000 last year. Put differently, about 1 in 4 jobs that were supposedly added last year never existed. That’s like eliminating all of the jobs gained in three whole months of 2023.

Add to that people are getting 2nd and 3rd jobs.

Biden’s job-growth disappearing act
Click to expand...

They aren’t additive. We’ve done this before. If you underestimate 1,000 jobs everyday all year long you have underestimated total employed by 1,000 jobs, not 365,000 jobs. They dont estimate new jobs, they estimate total employed.

G8trGr8t · Jun 21, 2024

Tjgators said: ↑

Job growth was overestimated by more than 770,000 last year. Put differently, about 1 in 4 jobs that were supposedly added last year never existed. That’s like eliminating all of the jobs gained in three whole months of 2023.

Add to that people are getting 2nd and 3rd jobs.

Biden’s job-growth disappearing act
Click to expand...

commentary piece in a biased publication. got any good sources?

oragator1 · Jun 27, 2024

Tjgators said: ↑

The Biden administration did overstate 439,000 in 2023. They continue to do this monthly and recalculate quietly. If they gave us the real numbers upfront as best they could, then maybe the Fed would give us a rate drop.

Who are these jobs going to? Are they all citizens of the USA? If not, how many Americans are on the sideline? The Heritage Foundation reports that there are 2 million fewer Americans working today than right before the pandemic. When I go to Chipotle, they have half the workers they did before the pandemic. Either the small business owner needs to cut costs due to the overwhelming inflation or there really is a shortage of workers.

The economy is very good for the wealthy. Again, posters here never take into consideration the low and middle-wage earners who are struggling. You love boasting about a number that will shrink when quietly recalculated, shrink more from the glut of part-time work, and even more when it's not all American workers.
Click to expand...

Never trust chipotle….

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US adds 272K jobs and Wages Grow Faster than Inflation

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