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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

#151

Post by alasdair_ »

lame-robot-hoax wrote: post #72
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.

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…

>Tell me when we pass the TPP. Oh wait, we messed up and now that ship has sailed without us.

The TPP had serious flaws and I am glad it was never passed. It was far too secretive, with the most powerful existing interests dictating policy and regular citizens being completely cut of of even viewing what was in the actual agreement for far too long, until the thing was nearly finished.

It was horrible for privacy and stifled innovation by entrenching IP protections for existing powerful interests over (again) common citizens.

The EFF has a good writeup on the most pertinent sections for those interested in technology: https://www.eff.org/issues/tpp

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

#152

Post by [deleted] »

linuxftw wrote: post #95
erikpukinskis wrote: post #17

Earlier quoted context omitted.

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

Markets don't organically crash anymore. They just halt trading, the central bank pledges to increase their balance sheet, the cycle continues.

[deleted]

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

#153

Post by sneakernets »

2zcon wrote: post #99
departure wrote: post #62

Earlier quoted context omitted.

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

You're not including the defined contribution retirement plans, which are a vehicle for investment. N.B. I believe 'pension' ≡ 'defined benefit' is an American English thing, which may the source of the confusion. I, my employer, and my provider refer to my private, defined-contribution plan as a pension.

Correct, we do have legal US definitions which makes pensions different than DC Plans.

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

#154

Post by Mikeb85 »

12xo wrote: post #91
mrosett wrote: post #50

Earlier quoted context omitted.

Not that I entirely agree with the parent, but as you said: > if one cannot make the payment, they are in trouble. That's a function of cost of borrowing, not the amount borrowed.

If you also mean negative interest, than yes. Otherwise, the rate of interest is meaningless if the debt cannot be collected.

The cost of borrowing is the difference between the amount borrowed and repayed. So yes it matters. Even with negative interest rates there's principal to repay.

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

#155

Post by rayiner »

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?

Left of what is the center in the audience of people they are talking to. About equal numbers of Americans identify as Democrat or Republican: https://news.gallup.com/poll/15370/party-affiliation.aspx. Meanwhile, self-identified Democrats outnumber Republicans 4:1 among the news media: https://www.politico.com/blogs/media/2014/05/survey-7-percen....

Another analysis: https://www.businessinsider.com/charts-show-the-political-bi.... Reporters and news media are close to entertainment workers in donation patterns. They lean left more than mining and agricultural workers lean right.

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

#156

Post by dave_b »

mech1234 wrote: post #145
aazaa wrote: post #124

Unemployment drops during an expansion, then rises heading into a recession. It turns out you can quantify this relationship as a recession predictor: > According to LaVorgna, since 1948, the economy has always entered or been in a recession when the unemployment rate increases 50 basis points (or 0.50 percentage point) from its trailing cyclical low. https://www.cnbc.com/2019/02/20/a-recession-indicator-with-a... Ta…

>The unemployment rate, at 4 percent, is currently 30 basis points from its recent low. Seems like the article is trying really hard to imply that the 50 basic point increase has already occurred, even though it has not occurred.

It’s also an old article, and the unemployment rate has since dropped to new lows. [1]

1: https://data.bls.gov/pdq/SurveyOutputServlet

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

#157

Post by 12xo »

briandear wrote: post #116
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.

That 10% number has certainly been making the rounds, almost like a talking point. However, that’s literal nonsense. > People are finally starting to notice and point out. Incorrectly. Every person in America with a pension or a retirement account has significant exposure to the stock market. Universities and their endowments, which make institutionally awarded need based financial aid possible directly benefit from…

One thing to consider is that the price of the markets are based on holders NOT selling. Its fundamentally impossible for the majority of holders to actually hold the wealth if the majority of holders sold their stock. Kind of a conundrum if you ask me... Market price is only real money if you sell, and if the majority (or even a sizable portion) of holders sell, the value of the shares will decline thus put the majority of holders underwater...

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

#158

Post by melling »

briandear wrote: post #142
melling wrote: post #101

Earlier quoted context omitted.

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…

Giving Jimmy Carter credit for the boom in the 1980s is a bit of a stretch. Using that logic, George HW Bush should be credited with the boom during the Clinton years.

It was all about the Fed.

George Bush lost because of Fed decisions. The economy went into a brief recession. Bush was extremely popular after the first Iraq War. Unfortunately, rates went up...

Paul Volcker was appointed by Carter. He really cranked up rates: https://www.washingtonpost.com/local/obituaries/2019/12/09/c...

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

#159

Post by lame-robot-hoax »

magduf wrote: post #141
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…

>Tell me when we pass the TPP. Oh wait, we messed up and now that ship has sailed without us. Which is a good thing. The TPP was a horrible giveaway to the IP industries. A trans-pacific trade deal like that is a good idea in theory, but not after US politicians kowtow to Hollywood and Disney and work that crap into the treaty. The remaining countries forging their own trade deal are better off without the US screwin…

Eh, true, I will give you that the US made it worse with their shitty IP laws.

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

#160

Post by snarf21 »

m3kw9 wrote: post #4

This doesn't indicate if is good or bad. You need to know employment rate as well, all the job could be getting filled faster than they are opened.

Right, we rarely get accurate numbers on under-employment or non-employment (people who gave up looking for jobs but are able to do work).
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