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Alarming US Jobs Report

Tanko

Tanko

Joined
Oct 27, 2021
Messages
55,548
I'm guessing the numbers were actually worse than reported for August.
The last person was fired for reporting piss-poor job numbers. The person who took their place knew this and doesn't want to be fire so I'm betting they "adjusted" the numbers up from the actual job losses/gains to save their a$$.

We'll never know going forward if any of the data is accurate due to the prez firing the bean counters when he doesn't like the numbers.
 

Tanko

Tanko

Joined
Oct 27, 2021
Messages
55,548
It means nothing. The stock market just goes up.
The market is up because a piss-poor job report means the Fed is more likely to cut rates. That makes the market happy.

The bottom line is the job market is in the shitter.

June's negative jobs number ended the 2nd longest consecutive run of positive jobs reports. The longest was from 2010 to 2020.
 
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