Government jobs accounted for half of this report (read into that juicing however you wish...), while private sector jobs have decreased. How Republican, right? |
S&P futures are at 6,285 right now, so they’re pretty fine with it. Historic highs and a bull market are not indicators of a recession. |
It's a meme stock market now, totally uncoupled from anything. Just like our government. |
I'm in the stock market as well...so yeah. But if you genuinely believe the job market is actually good out there, well... |
How is this possible when the private sector reported a loss and the government has frozen hiring in both states and federal agencies. It’s a fix. |
What does that even mean? Are they counting the unfired employees because of lawsuits and reversed layoffs? Or activation of the NG? Or just made up numbers? |
Because it’s a lie. |
They fired the people who collect this data and now just make up random things to improve their personal investments. |
It is more of an indicator of a bubble. I am not saying it is a bubble, because I am inside the bubble and cannot see the needle coming to pop it. |
Are social assistance jobs kind of "government" and/or "health" as well? At least in the same family. That means 131K of the 147K fall within a category I thought Trump was cutting? |
They are claiming state and local governments have been on such a hiring spree that it overcomes the mass layoffs in private sector and federal government. |
Quoting my own post from yesterday. As expected, everything’s great! |
It doesn’t make sense that there would be a 70k increase in state and local government education jobs in June. I suspect there is a glitch with the seasonal adjustment that DOL uses that is based on historical data and projected a larger drop in education employment in June. Could be that more schools that used to end the school year in May now end it in June.
Health care services and social assistance jobs increased by 58k, so with the education jobs, 87% of the job growth in the report was in public and professional services sectors that Republicans are trying to kill. |
Futures are up because the markets think there will be an interest rate cut in the offing. |
the ICE hires |