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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

#101

Post by melling »

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.

You sound like you might be suffering from a slightly religious view of politics.

I’d recommend just setting all that aside and try looking at all the data.

Consumer confidence is often pretty high before a sudden crash, for example. It doesn’t mean a whole lot.

Using selection bias (only looking at the good things that confirm your beliefs) is a bad formula.

Sooner or later we’ll have recession.

It may or may not be the fault of whichever administration is in office.

Jimmy Carter, for example, took a lot of heat for the economy. The high interest rates from the Fed slowed everything but it eventually fixed the economy. Reagan got all the credit.

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

#102

Post by Domenic_S »

tomtheelder wrote: post #100
Domenic_S wrote: post #75

Earlier quoted context omitted.

Nearly 22 million people work for the state, federal, and local governments, nearly 20% of the active workforce. https://www.bls.gov/oes/current/999001.htm

Okay so adding those numbers with the private sector ones you still get that the vast majority of American's aren't benefiting.

I don't know if I'd characterize 66% of Americans (100% - (public + private)) the "vast majority"...

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

#103

Post by sneakernets »

DataAF wrote: post #66
sneakernets wrote: post #45

Earlier quoted context omitted.

Pensions as we know them won't exist in five to ten years.

Those of us under 30 never knew them either.

And most never will. The ones left are awful and full of restrictions, and can be taken away at any time for any reason, even if it's illegal in your state.

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

#104

Post by outside1234 »

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.

What amazes me is how easy it is for people to be radicalized by watching a single news source.

My parents have literally been radicalized from normal moderate folks to "crazy conspiracy people" by watching Fox News and, I suspect, this is a broadly true statement amongst a very large swath of the elderly population.

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

#105

Post by deevolution »

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.

interestingly, If you compare NASDAQ stock index to Bitcoin, it is near record lows and trending toward making new record lows. https://www.tradingview.com/chart/aydXWl0h/

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

#106

Post by jayd16 »

Domenic_S wrote: post #71
jayd16 wrote: post #44

Earlier quoted context omitted.

Indeed, "what are pension funds"? I don't have a pension. No one I know personally has a pensions. The younger or non-tech people I know have little to none in their 401k.

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.

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

#107

Post by outside1234 »

Diederich wrote: post #92
slumdev wrote: post #21

On its own, this probably doesn't mean anything. But it's important for us to pay attention. Technologists live in a world of negative unemployment, so it's easy to forget that everyone else is subject to macroeconomic cycles. Even if you were laid off after the Dot-Com Crash or the Great Recession, you didn't have it anywhere near as bad as someone outside this industry.

> Technologists live in a world of negative unemployment I would amend that to say: "Many technologists live in a world of frequently negative unemployment"

That won't last forever. I know Mozilla and Digital Ocean just had layoffs.

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

#108

Post by Mikeb85 »

12xo wrote: post #79
Mikeb85 wrote: post #56

Earlier quoted context omitted.

Don't comment on extremely basic financial concepts if you don't understand them SMH... > Fundamentally there is no difference is the debt at .01% or 15% Wow indeed. Literally no words.

So you truncate my sentence, call me an idiot and cite nothing to back your assertion?. Oh-Kay buddy. Debt requires a payment to the holder. Regardless of the interest rate, if the debtor cannot make the payment, the rate of interest is fully irrelevant. If the holder cannot collect, the value of the debt and the borrowed assets value decrease.

> That's an interesting assertion and frankly, crazy.

That's your quote. If you understood debt even at the level of a freshman in an econ 101 course or hell, if you've ever taken out a loan, you wouldn't have written it.

My assertion is as basic as saying the sky is blue. Want a citation for that?

Hint. Debt is used to purchase assets. Assets have utility. Depreciation is a thing. If utility is more than the cost of borrowing and depreciation over the timeframe of the loan, it's worthwhile.

And that's not even considering that governments can print money, so the consideration isn't can they pay it back, more like what's the cost to pay it back in inflation.

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

#109

Post by puranjay »

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.

In my country, the stock market is at an all time high, even though gdp growth is at a 13 year low and unemployment is the highest in 40+ years.

Stock markets often don't reflect the actual state of the economy

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

#110

Post by 12xo »

outside1234 wrote: post #104
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.

What amazes me is how easy it is for people to be radicalized by watching a single news source. My parents have literally been radicalized from normal moderate folks to "crazy conspiracy people" by watching Fox News and, I suspect, this is a broadly true statement amongst a very large swath of the elderly population.

Older Americans come from a time when the Man on the TV or Radio spoke the truth, with honor and integrity and did so citing facts and experts. They still hold onto this ethos and therefore believe - like they believe a preacher, that the words and opinions are real and factual and worthy of regard... This is why FOXNews and talk radio skews so heavily to people over 60 and is also why its so effective.
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