April jobs report

Page 2 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

hal2kilo

Lifer
Feb 24, 2009
26,371
12,515
136
Yet inflation cooled slightly toward the end of the year, though we're far from out of the woods yet so far as that goes.

These economists do fine at diagnosing current problems, like explaining why we're experiencing inflation. However, they are bad at predicting the future. Which is why I take all future economic predictions with a huge grain of salt.
Just about as good as sport pundits. Captain Obvious rules real time!
 

fskimospy

Elite Member
Mar 10, 2006
88,154
55,704
136
Yet inflation cooled slightly toward the end of the year, though we're far from out of the woods yet so far as that goes.

These economists do fine at diagnosing current problems, like explaining why we're experiencing inflation. However, they are bad at predicting the future. Which is why I take all future economic predictions with a huge grain of salt.
If you look at the month/month inflation numbers by the end of the year inflation was only slightly above where we want it and I think that's more relevant to fed policy now.
 

woolfe9998

Lifer
Apr 8, 2013
16,242
14,244
136
If you look at the month/month inflation numbers by the end of the year inflation was only slightly above where we want it and I think that's more relevant to fed policy now.

Yes, after spiking mid summer, it's been on a declining trend:


Yet we're seeing big job growth in spite of the fed's rate hikes. They're talking about another rate hike but I'm wondering if it isn't best to just let it ride as is.
 

fskimospy

Elite Member
Mar 10, 2006
88,154
55,704
136
Yes, after spiking mid summer, it's been on a declining trend:


Yet we're seeing big job growth in spite of the fed's rate hikes. They're talking about another rate hike but I'm wondering if it isn't best to just let it ride as is.
No, I don't mean the monthly 12 month inflation numbers, I mean the month/month numbers. Inflation in December was negative.

fredgraph.png


Here's the link to the actual FRED page. https://fred.stlouisfed.org/graph/?g=ZAxb
 

Mai72

Lifer
Sep 12, 2012
11,562
1,742
126
What type of jobs are most people obtaining? I wish we could see a break down, because a strong jobs report can be misleading. Especially when employment consist mainly of minumim wage and gig work.

So yea.. People are working and are employed. But, its not good paying careers with an opportunity for growth that people are going into. Which IMO is an issue.
 

woolfe9998

Lifer
Apr 8, 2013
16,242
14,244
136
What type of jobs are most people obtaining? I wish we could see a break down, because a strong jobs report can be misleading. Especially when employment consist mainly of minumim wage and gig work.

So yea.. People are working and are employed. But, its not good paying careers with an opportunity for growth that people are going into. Which IMO is an issue.

From my post up thread:

- Job gains were widespread, in just about every sector. Leading the way: Leisure and hospitality added 128,000 jobs as America continued to rebound from the Covid pandemic.
 

ivwshane

Lifer
May 15, 2000
33,668
17,273
136
What type of jobs are most people obtaining? I wish we could see a break down, because a strong jobs report can be misleading. Especially when employment consist mainly of minumim wage and gig work.

So yea.. People are working and are employed. But, its not good paying careers with an opportunity for growth that people are going into. Which IMO is an issue.

Uh government releases this information monthly.

 

alien42

Lifer
Nov 28, 2004
12,876
3,303
136
Gonna necro this thread to talk about the current jobs report. The economy added 517,000 jobs from an expected 185,000. Which is remarkable. And:



This in spite of so many warnings in the media about impending recession after all the fed rate hikes.

Right now, the economy is cooking. With luck, it will continue to do so at least up through the end of 2024. :)

Oh, and the stock market has gone way down so far today as Wall Street worries there will be another fed rate hike due to this jobs report. Which sounds a lot like a conflict of interest between Wall Street and Main Street.


And yet I still frequently here people say that nobody wants to work.
 

fskimospy

Elite Member
Mar 10, 2006
88,154
55,704
136
interesting, after all the usual q1 layoffs, Im curious what the numbers will say
The numbers are seasonally adjusted so they already take that into account.

I think this is relevant though as I suspect a lot of businesses laid off fewer employees than usual, which pumped up job numbers.
 
Jan 25, 2011
17,123
9,619
146
And yet I still frequently here people say that nobody wants to work.
They are usually the same geniuses though who claim the numbers are
always faked when they are strong. Or they see help wanted signs all over so clearly this anecdote means no one wants to work.
 

ch33zw1z

Lifer
Nov 4, 2004
39,831
20,428
146
The numbers are seasonally adjusted so they already take that into account.

I think this is relevant though as I suspect a lot of businesses laid off fewer employees than usual, which pumped up job numbers.

very possible, but still tens of thousands of jobs lost.