Trump Jobs Report - AWFUL

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This whole thread is so dumb. Posters like myself have been warning everyone that we need to curtail AI for years now because it will end up rendering a large percentage of employees obsolete. This is just the beginning. Andrew Yang was warning about this but he was too smart for the middlebrow masses. Now the chickens are coming home to roost.

Microsoft is about to lay off 9,000 employees. It’s not because business is bad. Their stock is almost $500/share now and they’re one of the richest companies in the world. They’re laying people off because of AI.

Most people on this board are going to be laid off and need UBI in less than 10 years. The Dems aren’t going to save you. Trump isn’t going to save you. It’s over.

They're laying people off because of greed.

Companies have been laying off and using AI to replace them in the past couple years, and already are hiring and moving back to people because AI doesn't work.

Your view of AI is naive. It's rapidly improving (measured in months, not years). If companies are rehiring, it's because they're still calibrating around the current state of AI (which will be many times better in just a year). AI, plus the rapid pace of robotic innovation, spells doom for the job market. And technology cannot be held back. If the US tried to put the brakes on it, China and others would continue accelerating. Neither party has a solution for what's coming but, of the two, we know that the Republicans will do everything in their power to make sure people suffer.

My view of AI is realistic. I work in the area.

All of these people saying next year, in 5 years, in 10 years. What? AI still will not work.

It's good that companies are firing employees today to replace them with AI. They are already discovering that it doesn't work and hiring replacement employees.

I had an AI chat bot the other day who couldn’t answer a simple question. Why would a bank just waste $$$? There will be a swing back to in person communication. Life, and the preferences of humans, is a pendulum.

[Anonymous]

Anonymous wrote:We still have a jobs report!?!?

I am surprised Stephen Miller has not stopped that or found a way to lie about it yet.

That’s adorable you think it’s not riddled with lies.

[Anonymous]

I’m pp, it’s definitely worse than they’re reporting.

[Anonymous]

Anonymous wrote: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.

Lie.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This whole thread is so dumb. Posters like myself have been warning everyone that we need to curtail AI for years now because it will end up rendering a large percentage of employees obsolete. This is just the beginning. Andrew Yang was warning about this but he was too smart for the middlebrow masses. Now the chickens are coming home to roost.

Microsoft is about to lay off 9,000 employees. It’s not because business is bad. Their stock is almost $500/share now and they’re one of the richest companies in the world. They’re laying people off because of AI.

Most people on this board are going to be laid off and need UBI in less than 10 years. The Dems aren’t going to save you. Trump isn’t going to save you. It’s over.

They're laying people off because of greed.

Companies have been laying off and using AI to replace them in the past couple years, and already are hiring and moving back to people because AI doesn't work.

Your view of AI is naive. It's rapidly improving (measured in months, not years). If companies are rehiring, it's because they're still calibrating around the current state of AI (which will be many times better in just a year). AI, plus the rapid pace of robotic innovation, spells doom for the job market. And technology cannot be held back. If the US tried to put the brakes on it, China and others would continue accelerating. Neither party has a solution for what's coming but, of the two, we know that the Republicans will do everything in their power to make sure people suffer.

My view of AI is realistic. I work in the area.

All of these people saying next year, in 5 years, in 10 years. What? AI still will not work.

It's good that companies are firing employees today to replace them with AI. They are already discovering that it doesn't work and hiring replacement employees.

I had an AI chat bot the other day who couldn’t answer a simple question. Why would a bank just waste $$$? There will be a swing back to in person communication. Life, and the preferences of humans, is a pendulum.

Hold out hope I guess. But it’s not going to happen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This whole thread is so dumb. Posters like myself have been warning everyone that we need to curtail AI for years now because it will end up rendering a large percentage of employees obsolete. This is just the beginning. Andrew Yang was warning about this but he was too smart for the middlebrow masses. Now the chickens are coming home to roost.

Microsoft is about to lay off 9,000 employees. It’s not because business is bad. Their stock is almost $500/share now and they’re one of the richest companies in the world. They’re laying people off because of AI.

Most people on this board are going to be laid off and need UBI in less than 10 years. The Dems aren’t going to save you. Trump isn’t going to save you. It’s over.

They're laying people off because of greed.

Companies have been laying off and using AI to replace them in the past couple years, and already are hiring and moving back to people because AI doesn't work.

Your view of AI is naive. It's rapidly improving (measured in months, not years). If companies are rehiring, it's because they're still calibrating around the current state of AI (which will be many times better in just a year). AI, plus the rapid pace of robotic innovation, spells doom for the job market. And technology cannot be held back. If the US tried to put the brakes on it, China and others would continue accelerating. Neither party has a solution for what's coming but, of the two, we know that the Republicans will do everything in their power to make sure people suffer.

My view of AI is realistic. I work in the area.

All of these people saying next year, in 5 years, in 10 years. What? AI still will not work.

It's good that companies are firing employees today to replace them with AI. They are already discovering that it doesn't work and hiring replacement employees.

I had an AI chat bot the other day who couldn’t answer a simple question. Why would a bank just waste $$$? There will be a swing back to in person communication. Life, and the preferences of humans, is a pendulum.

A corollary would be to say “this flip phone in 1998 is nothing spectacular. How are they going to get the internet on this thing?”

Technology moves at a rapid pace. AI is accelerating that pace and is self improving. AI can already create music videos on its own and create songs that mimic artists that sound exactly like something that artist would create. Services like NotebookLM can read Moby Dick for the first time in seconds and spit out a comprehensive summary. Imagine what that will do to legal jobs in the future. AI will be able to diagnose patients will no assistance. Imagine how that will decimate most of the medical field and professions like lab techs and X Ray techs, let alone when it displaces a lot of low level doctors it 10-15 years when it is more advanced.

Unless government mandates that companies can’t use AI or replace workers with AI - which will never happen - we are on an increasingly fast road to societal collapse.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We still have a jobs report!?!?

I am surprised Stephen Miller has not stopped that or found a way to lie about it yet.

That’s adorable you think it’s not riddled with lies.

Bloomberg agrees

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We still have a jobs report!?!?

I am surprised Stephen Miller has not stopped that or found a way to lie about it yet.

That’s adorable you think it’s not riddled with lies.

Bloomberg agrees

Dang.

Eventually they won’t be able to hide it but they can for now. Those of us with jobs need to plan accordingly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What an odd jobs report.

Up 147k. Govt 73k, health 39k, social assistance 19k. Other sectors little changed.

Everything the admin is cutting is actually adding jobs, while the more productive sectors that they want to increase are flat.

I know the Fed layoffs haven’t hit yet, since employees are on severance, but why are states still spending with the threat of funding cuts looming?

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?

Those are allegedly state and local government job number increases. The federal government jobs are minus 7,000.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What an odd jobs report.

Up 147k. Govt 73k, health 39k, social assistance 19k. Other sectors little changed.

Everything the admin is cutting is actually adding jobs, while the more productive sectors that they want to increase are flat.

I know the Fed layoffs haven’t hit yet, since employees are on severance, but why are states still spending with the threat of funding cuts looming?

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?

Those are allegedly state and local government job number increases. The federal government jobs are minus 7,000.

Which absolutely defies logic. Who really thinks that state and local government are on a hiring spree right now? Everybody is bracing for funding cuts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We still have a jobs report!?!?

I am surprised Stephen Miller has not stopped that or found a way to lie about it yet.

That’s adorable you think it’s not riddled with lies.

Bloomberg agrees

Yeah. I am used to following my business news on CNBC, but I am finding Bloomberg Reports more somber and realistic.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What an odd jobs report.

Up 147k. Govt 73k, health 39k, social assistance 19k. Other sectors little changed.

Everything the admin is cutting is actually adding jobs, while the more productive sectors that they want to increase are flat.

I know the Fed layoffs haven’t hit yet, since employees are on severance, but why are states still spending with the threat of funding cuts looming?

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?

Those are allegedly state and local government job number increases. The federal government jobs are minus 7,000.

Which absolutely defies logic. Who really thinks that state and local government are on a hiring spree right now? Everybody is bracing for funding cuts.

Yep. Anecdotally, there are statewide hiring freezes in West Virginia, Maryland, Virginia, District of Columbia, and Pennsylvania are under hiring freezes. The university systems and local county governments in North Carolina and Delaware are under hiring freezes. I’m sure if you go further out, there are other states with financial uncertainties and have some form of spending and hiring restrictions. But heck, Nebraska, Ohio, Florida, Michigan, Iowa may be on a spending bonanza fright now and that explains all those new state and county hires in this job report.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We still have a jobs report!?!?

I am surprised Stephen Miller has not stopped that or found a way to lie about it yet.

That’s adorable you think it’s not riddled with lies.

Bloomberg agrees

Dang.

Eventually they won’t be able to hide it but they can for now. Those of us with jobs need to plan accordingly.

Okay, he pissed somebody off and it has now been removed.

[Anonymous]

Haven’t read the threat yet, but doesn’t the WSJ report positive numbers?

[Anonymous]

Anonymous wrote:Haven’t read the threat yet, but doesn’t the WSJ report positive numbers?

WSJ reports what is officially reported by DOL.