U.S. job openings post biggest drop in more than four years • Hacker News Board

Re: U.S. job openings post biggest drop in more than four years

#11

Post by skrowl » Fri, Jan 17, 2020, 4:28 PM UTC

All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year.

Reuters just salivating over finding something they can spin as negative about the current economy.

Re: U.S. job openings post biggest drop in more than four years

#12

Post by derp_dee_derp » Fri, Jan 17, 2020, 4:29 PM UTC

lets parse this out:

"U.S. job openings post biggest drop in more than four years"

becomes

post biggest drop in more than "

becomes

post in more than "

becomes

""

Re: U.S. job openings post biggest drop in more than four years

#13

Post by thunderbird120 » Fri, Jan 17, 2020, 4:30 PM UTC

tracer4201 wrote: post #3

Does the US government provide metrics on job openings by wages or some measurement of monthly or annual earnings? My portfolio has been doing fantastic, but I have to stop and wonder how the average person who doesn’t have assets is doing.

You're looking for the USUAL WEEKLY EARNINGS OF WAGE AND SALARY WORKERS report from the Bureau of Labor Statistics. Here's the archive. https://www.bls.gov/bls/news-release/wkyeng.htm

The most recent report for Q4 2019 can be found here https://www.bls.gov/news.release/pdf/wkyeng.pdf

Important takeaways:

"Median weekly earnings of the nation's 118.3 million full-time wage and salary workers were $936 in the fourth quarter of 2019 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today. This was 4.0 percent higher than a year earlier, compared with a gain of 2.0 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period."

Re: U.S. job openings post biggest drop in more than four years

#14

Post by joelbluminator » Fri, Jan 17, 2020, 4:30 PM UTC

I actually kinda want the stock market to crash although all of my money is in it. At least we'd all stop worrying about when it's gonna crash once it has and move on with our lives :)

Re: U.S. job openings post biggest drop in more than four years

#15

Post by sparkling » Fri, Jan 17, 2020, 4:31 PM UTC

skrowl wrote: post #11

All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.

MAGA!

Re: U.S. job openings post biggest drop in more than four years

#16

Post by sremani » Fri, Jan 17, 2020, 4:31 PM UTC

mywittyname wrote: post #10

This happened yesterday: https://www.bloomberg.com/news/articles/2020-01-16/u-s-to-ch... I can't help but see a relationship here between bad economic news and attempts to curb the release of such.

That works other way too. The Media baron running for President influencing the framing of standard bureaucratic changes.

We only see, what we want to see!

Re: U.S. job openings post biggest drop in more than four years

#17

Post by erikpukinskis » Fri, Jan 17, 2020, 4:32 PM UTC

joelbluminator wrote: post #14

I actually kinda want the stock market to crash although all of my money is in it. At least we'd all stop worrying about when it's gonna crash once it has and move on with our lives :)

A coworker told me he thinks as long as people think it might crash it won’t crash.

Re: U.S. job openings post biggest drop in more than four years

#18

Post by metalliqaz » Fri, Jan 17, 2020, 4:33 PM UTC

skrowl wrote: post #11

All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.

So are you saying that the drop is US job openings isn't newsworthy on it's own?

Re: U.S. job openings post biggest drop in more than four years

#19

Post by treydey » Fri, Jan 17, 2020, 4:34 PM UTC

BLS reports will typically get revised but this could be an indicator for full employment. Yes, the stock market is at all time highs - this is a common occurrence if you take a look at historical charts. However, the stock market != economy.

Re: U.S. job openings post biggest drop in more than four years

#20

Post by 12xo » Fri, Jan 17, 2020, 4:36 PM UTC

skrowl wrote: post #11

All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.

And the largest deficit in history... Who is going to pay for the debt fueled growth? Hint: Its not the people benefiting most from the markets... The US economy is as stable as Trump and as factually real as his skin tone...