Parky60 Loc: People's Republic of Illinois

More “stuff” about the July jobs report

My gut feeling on the July jobs report, like anything reported by our l*****t government, is that it sounds too good to be true. Being an inquisitive and analytical person, I decided to do a little research and went straight to the source, The Bureau of Labor Statistics, to see what I could find and it appears that something’s rotten in Denmark.

I’d like to make a few comments on what I found. The first is on all the rhetoric we hear on what a great job FJB is doing in “creating” jobs.

As shown in CHART A below and was widely reported, the C***D lockdowns began in March-2020 and ended in May-2020. This resulted in the loss of almost 12 million jobs.

Once we came out of the lockdowns, Trump went to work and in just the eight months until the end of his term in January-2021, almost 5 million jobs were recovered, an annualized rate of 7.4 million jobs. This left us with a net job loss up to that point of 7 million jobs.

FJB came into office in January-2021 "to fix the mess that Trump created" and in over a year-and-a-half 9 million jobs were recovered – NOT created – at an annualized rate of 6 million jobs compared with Trump’s 7.4 million jobs, 25 percent lower than Trump.

This begs the question, who would you want handling your job recovery policies?

Next, how did FJB come up with 528 thousand jobs “created” in July?

CHART B illustrates the number of people who were employed by month in 2022 with the change from the previous month being the current month minus the previous month.

One would expect that if 528 thousand jobs were “created” it would correspond to a 528 thousand “uptick” in employment in July instead of the 179 thousand indicated. I know what you’ll say is that people have left the workforce. So, that means that 349 thousand have left?! HUH!

CHART C illustrates graphically the data on CHART B to show that since March, the number of employed has remained steady at ~158 thousand while the change in employment since January shows extreme volatility and a steady downward trend even reaching negative in two months. Could this be another indicator of the recession that we aren't in?!

Like I said, something is rotten in Denmark and this doesn’t look very rosy to me.

CHART A


CHART B

Liberty Tree

You are right in that libs will never accept the t***h.

JFlorio Loc: Seminole Florida

The Labor Participation rate is also overlooked.
https://usafacts.org/state-of-the-union/economy/?utm_source=bing&utm_medium=cpc&utm_campaign=ND-Economy&msclkid=c6c77a5384561eca5ac618bc8c094700

steve66613

Libs don’t participate in labor.

permafrost Loc: Minnesota

Was surprised, seemed the shutdown was longer the March to may..

As for info, making the data change to annualized is misleading.. as the reopening was in 2020 before e******n and and trump lost about 12 million jobs.. then he replaced 5 million of those jobs , leaving 7 million unfilled.. but Biden filled 9 million jobs.. now that is creating something.

but It really does not matter, we have millions of jobs unfilled now.. and that what messes up the recession calculation.. when the market is good, the business still thriving and jobs are begging.. does not a recession make.. the GDP loss in two quearter does say that, but most are not so sure.. the inflation is a mess.

Parky60 Loc: People's Republic of Illinois

Talk about being misleading, Trump didn't lose one job, it was your god F***i's doing.

So permadummy, I'll put it in smaller numbers that someone of your mental caliber can understand. Tell me, which is better...Trump recovering 5 million jobs in 8 months (625 thousand per month) or Biden recovering 9 million jobs in 18 months (500 thousand per month)?

I even did the math for you.

JFlorio Loc: Seminole Florida

That dishonest POS will always twist statistics and t***hs to somehow make his preferred politicians look competent.

moldyoldy

Two months just jumped off the page. We are still dealing with the effects of the p******c. Different areas of the country remask because of recurring outbreaks. We are slowly overcoming this.

JFlorio Loc: Seminole Florida

Why don't you re-muzzle? Anyone close to you will appreciate it.

Oscar louks

And they call Putin the bad guy.

Parky60 Loc: People's Republic of Illinois

Hey mold for brains, I see that yours, like permastupid's, reading comprehension sucks. I wasn't talking about the effects of the p******c, I was talking about how long the entire country was essentially locked down.

moldyoldy

You got that horribly wrong too.

Parky60 Loc: People's Republic of Illinois

No I didn't you stupid liar.

https://www.yalemedicine.org/news/c***d-timeline

moldyoldy

You have the nerve to call someone names?

Updated January 1, 2021

As the year ended, the United States surpassed 20 million infections from SARS-CoV-2, and more than 346,000 deaths. Globally, cases rose to 83,832,334 and 1,824,590 deaths.

Cases in some parts of the country began surging again in the weeks after Thanksgiving; the same effect may be seen in January as health officials are gravely concerned about the extent of travel for the Christmas and winter holidays. The T***sportation Security Administration said it screened the most passengers (1.3 million) on the Sunday before Christmas, the most since March 15.

While v*****es began to roll out in the last month of the year, distribution challenges became evident and the United States fell short of its goal of providing an initial dose to 20 million people by December 31.

This is an updated look at how the p******c progressed throughout 2020.

https://www.ajmc.com/view/a-timeline-of-c***d19-developments-in-2020

Parky60 Loc: People's Republic of Illinois

Tell me moldy brain, what does that have to do with the subject? As usual, you continue to obfuscate.

I said that the lockdowns started in March and ended in May. My post and link supported that.

And you tell me that I'm confused?