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U.S. added 911k fewer jobs in year through March than reported earlier

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Re: U.S. added 911k fewer jobs in year through March than reported earlier

#291

Post by mandeepj »

First, political commentary should be regulated, especially from these moron podcasters! What the hell do they know? They are angry and out with an agenda!! Just to make their living from barking instead of doing a meaningful/real job.

Also, I'm not sure why it's allowed to have someone come from SA/Zimbabwe and comment on posts of US political candidates.

Now coming to the Right! I believe they are the single biggest reason behind America's current rot. Which problem are they trying to solve? They always contradict themselves.

This is the mindset we are forced to deal with https://x.com/ENERGY/status/1964010741247168958

It should be compulsory for voters to vote and have them go through training to make them understand how the economy, the Fed, world trade, US intelligence, foreign policy, interest rates, and bonds work. One might argue that it should be done in the schools. Sure! But then why are we here? Of course, Right would scream as usual No, my choice. No son! Enough with your damn choices. Not voting should invite severe legal, financial, and civil penalties. That's how we are going to fix this mess!

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#292

Post by logifail »

RC_ITR wrote: post #50

I think it's interesting that everyone's immediate reaction now-a-days is to assume incompetence or maliciousness, rather than curiosity at the root cause (very telling this attitude has even permeated a forum for supposed 'hackers'). A high-level is that 80% of the economy is very easy to track b/c it's not very volatile (teachers, for example). What we have seen is a huge surge in unpredictability in the most volat…

> interesting that everyone's immediate reaction now-a-days is to assume incompetence or maliciousness, rather than curiosity at the root cause

I came across this claim last week regarding recent US jobs figures:

> "All jobs gains were part time. Full-time jobs: -357K. Part-time jobs: +597K"

If this claim is true, and I have no means to tell if it is, then - regardless of one's view on whoever is in power right now - do we really expect any elected representatives to be brave enough to say that out loud at a press conference?

I don't :/

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#293

Post by theshackleford »

trod1234 wrote: post #204
TheBicPen wrote: post #191

Earlier quoted context omitted.

> First-passed-the-post voting is fundamentally flawed, and so is ranked choice... What voting system so you think is best? None are perfect but IMO ranked choice is the best as it keeps the good attributes of FPTP without suffering from the spoiler effect

[flagged]

What an extraordinary complex you’ve developed.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#294

Post by spicyusername »

mensetmanusman wrote: post #279
bananalychee wrote: post #70

Earlier quoted context omitted.

It's not without precedent, but the fact that initial job numbers have been consistently inflated over the last 3 years and that the magnitude of the downwards revisions is on par with 2008-2009 for two years in a row (and growing) is concerning.

It’s almost like the leaders of those organizations were incompetent. Such simple statistics and data gathering should be simple for a federal organization.

or its almost like gathering that data is not simple...

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#295

Post by CaptWillard »

dyauspitr wrote: post #25
squegles wrote: post #9

Earlier quoted context omitted.

How does this comment help the discussion?

I think the root cause is important to the discussion.

Do you think the Trump administration is a root cause of last year's job numbers?

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#296

Post by wnc3141 »

unethical_ban wrote: post #219
joshdavham wrote: post #68

Earlier quoted context omitted.

Yup. Even if Americans vote out the current administration, there’s no guarantee they won’t vote in another administration like this again. They’ve already done it twice.

We need, at the very least, to revoke "emergency" powers of the presidency, and we need to reinforce that Congressional action overrides executive whim. The administrative state is a good thing, not a bad thing, and people like Steve Bannon are cancers on American success. Ideally, we would also ban gerrymandering, revoke unlimited anonymous political spending, and implement ranked choice voting.

I think the contradiction required for this is 1) we need a strong, power concentrated leader to decisively correct the ship and prevent future abuses. 2) we then need the leader to voluntarily limit their powers.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#297

Post by yogorenapan »

mandeepj wrote: post #291

First, political commentary should be regulated, especially from these moron podcasters! What the hell do they know? They are angry and out with an agenda!! Just to make their living from barking instead of doing a meaningful/real job. Also, I'm not sure why it's allowed to have someone come from SA/Zimbabwe and comment on posts of US political candidates. Now coming to the Right! I believe they are the single bigges…

I legitimately can't tell if this is satire.

> First, political commentary should be regulated

Who does the regulating? The current Trump regime? Huge first amendment violation

> come from SA/Zimbabwe and comment on posts of US political candidates.

Because those posts are being made on a private platform. Are you sure you want something worse than UK's Ofcom proving your American identity just to speak?

> It should be compulsory for voters to vote

Maybe, but definitely not in a 2 party system.

> make them understand how the economy, the Fed, world trade, US intelligence, foreign policy, interest rates, and bonds work

Not specifically those. Please just have universal free education. There's no need to specifically teach kids how to think politically. That's definitely going to get abused for propaganda

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#298

Post by satyrnein »

wredcoll wrote: post #189
nxm wrote: post #184

Earlier quoted context omitted.

[flagged]

Why are people so obsessed with lying about immigration?

I thought that was basically accepted truth? For example, the New York Times described it as:

Recent Immigration Surge Has Been Largest in U.S. History

https://www.nytimes.com/2024/12/11/briefing/us-immigration-s...

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#299

Post by Redoubts »

bitsage wrote: post #256

The revisions cover March 2024 through March 2025. While his policies may deliver turmoil in the near future, I don’t understand why most of the discussion here is about Trump. Furthermore, these revisions are at the high end of estimates, so it’s not a complete shock. The Fed and financial institutions must have already had an idea that the job market could be this bad.

This is the reason you should flag every political post here. The discussion quality isn’t getting any better than this

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#300

Post by ChuckMcM »

mschuster91 wrote: post #271
simianparrot wrote: post #261

Earlier quoted context omitted.

Some people can’t comprehend that the graph can’t go up infinitely

It can, if one's definition of "infinity" is "during my lifetime". That's how we get Boomers going on rampant climate change denialism.

I understand this set of comments is a digression but there is an interesting subtlety here. There is a structural connection between economic activity (in particular 'innovation') and wealth inequality. Economies that are 'stable' and 'unchanging' become stratified and people living in those economies find themselves getting slotted into 'classes' from which they cannot change.

Since I tend to be interested in systems, especially emergent ones, this is something I find interesting but recognize that the world generally considers economists more boring than accountants :-). When one discusses the 'graph going up' or 'growth' is that prices? GDP? Employment? Opportunity? I've been in conversations where several different definitions of 'growth' were being used that got confusing because there wasn't an agreement on what the y axis was measuring.

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