• panthera_@lemmy.today
    link
    fedilink
    arrow-up
    5
    ·
    18 hours ago

    Something is going on very strange. Last month the economy added 172,000 jobs while unemployment remained at 4.3%.

    • faintwhenfree@lemmus.org
      link
      fedilink
      English
      arrow-up
      1
      ·
      18 minutes ago

      Oh the added jobs are people doing second jobs or even third jobs. Because some of the working class people I know in the US. Are all looking for a second job. My mechanic friend after his shift at the garage drives Uber late till 11pm. Another store manager friend, goes and works as a cashier for a bodega for 4 hours, because he needs that cash to just survive.

      That’s how they’re adding the jobs.

    • Snapz@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      51 minutes ago

      Where is the credible source data you trust for any of this downstream analysis? All collecting/reporting agencies have been corrupted or defunded at this point.

      Maddening to see people doing things like citing the current CDC for medical information - we’re seven layers deep into hell at this point. You’re clinging to an illusory normalcy, and sharing it with others to comfort yourself as society actively burns down around you.

      Or whatever.

    • Pollo_Jack@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      52 minutes ago

      They are cooking the books but also they don’t count people that have given up as unemployed, regardless of age.

    • prole@lemmy.blahaj.zone
      cake
      link
      fedilink
      arrow-up
      3
      ·
      6 hours ago

      The number of people they use in that kind of calculation is constantly shifting.

      If you add 100k jobs, while also having 100k people entering the demographic, then the % is gonna stay the same

    • Town@lemmy.zip
      link
      fedilink
      arrow-up
      5
      ·
      17 hours ago

      The break even rate for unemployment is complicated and shifts arrive. Immigration, deaths, Labor force participation, who gets counted as employed or unemployed, etc all factor in.

      Ballpark 150k is about 0.1% of employed Americans currently.

      They are fucking with the numbers though.