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

reuters.com

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

#131

Post by briandear »

departure wrote: post #62
rusttoxic wrote: post #29

Earlier quoted context omitted.

Ummm what are pension funds?

Less than 13% of US private sector workers participate in pensions plans[0]. [0] https://www.pensionrights.org/publications/statistic/how-man...

However less than 2.3% of hourly workers (not total workers, but hourly workers) make minimum wage, yet those that claim a good stock market doesn’t benefit most people would argue fiercely over minimum wage which affects only a tiny fraction of workers. So we should be applauding something that benefits “only” 13% of the workforce (though that 13% number with pensions is misleadingly low as pointed out by other comments.)

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

#133

Post by cheriot »

sremani wrote: post #16
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!

The funny thing is, it's other people copying said media baron prompting the change.

> and cited a 2014 report by the department’s inspector general saying several news organizations that participate are able to profit by providing the numbers to algorithmic traders in a format that provides them an advantage.

That's Bloomberg's original business model!

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

#134

Post by auiya »

skrowl wrote: post #123
aerovistae wrote: post #27

Earlier quoted context omitted.

Except, of course, as people are finally starting to notice and point out, high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings.

You can't REALLY believe that only the top 10% of wage earners in the United States own stocks, right? Please tell me you're just parroting something you heard and you don't actually think that.

A once-every-three-years study by the Federal Reserve Board found that in 2016, 51.9 percent of families owned stocks, either directly or as part of a fund.

https://www.federalreserve.gov/publications/files/scf17.pdf

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

#136

Post by octokatt »

akvadrako wrote: post #88
lame-robot-hoax wrote: post #72

Earlier quoted context omitted.

Good god, is this supposed to be ironic? Imagine trying to paint Reuters as biased. Next thing you’ll be telling me that the Associated Press is biased as well. And really? USMCA? You mean NAFTA 2.0? Imagine acting like “passing” USMCA has any meaning. It’s just NAFTA. Tell me when we pass the TPP. Oh wait, we messed up and now that ship has sailed without us. This is news whether you like it or not. Sorry, there is…

Most news organizations are biased one way or another. About 90% of reporters are left of center, that probably also applies to Reuters. They do keep the spin to a minimum, I’ll give them that.

By the best estimates, it's more like a 3-1 split, with a solid amount of journalists actively trying to stay in the middle and do good reporting. [1]

Also, more meta-analysis studies like this need to be created and reported _to everyone_.

[1] https://www.mrc.org/special-reports/liberal-mediaevery-poll-...

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

#137

Post by mAEStro-paNDa »

sosborn wrote: post #120
akvadrako wrote: post #88

Earlier quoted context omitted.

Most news organizations are biased one way or another. About 90% of reporters are left of center, that probably also applies to Reuters. They do keep the spin to a minimum, I’ll give them that.

> About 90% of reporters are left of center How would one even go about defining what center is? And when we say "left of center," how far to the left are we talking about?

This is an important point. One could argue, and some have, that the center of US political discourse is actually firmly right of center, especially when compared to European nations for example.

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

#138

Post by tathougies »

aerovistae wrote: post #27
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.

Except, of course, as people are finally starting to notice and point out, high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings.

60 percent of Americans have their fortunes tied to the market via direct investment or retirement funds. The government also finances a lot of its pensions via the market.

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

#139

Post by npo9 »

getoveritbruh wrote: post #93
grecy wrote: post #73

Earlier quoted context omitted.

And what percentage of the poorest 50% of Americans have even $5,000 in any kind of retirement savings?

With platforms like robinhood, and the trend toward lowering the bar to investment, even people like me ( <3% of income is "disposable" (which in and of itself probably isnt true as I have student debt)) can start doing SOME investment. Ive been poor my whole life, and have made a point since my teens to keep savings. Only recently did I begin investing however. This is a result of benig surrounded by people who don'…

> To pretend the 12 bucks you spent on PBR and cigs is a better way to spend the money than to put it towards savings is the crux of the problem according to my personal experience.

Expensive habits are terrible for your personal finances. I like to look at habits like that in a weekly, monthly, and yearly cost. Seeing that a $40/week habit is $2,080/year really helps me put my spending choices in perspective.

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

#140

Post by ghaff »

jayd16 wrote: post #106
Domenic_S wrote: post #71

Earlier quoted context omitted.

Don't know any state or federal workers? Traditional pensions are still offered by about 84% of state and local governments. That's cops, teachers, etc.

I know a teacher but she still has a few years before she'll be eligible.

Which is one of the reasons that pensions fell out of favor for employment in the private sector. They were traditionally very oriented towards long-term (a decade or more) employment with a single company. With typical employment in a lot of sectors--certainly including tech--a large majority of workers would basically end up getting little or nothing out of a traditional pension.
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