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Current Events > Shady Shit son -- US created 501,000 LESS jobs in 2018 than initially reported .

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Barenziah Boy Toy
08/21/19 5:19:08 PM
#1:


https://www.marketwatch.com/story/us-created-500000-fewer-jobs-since-2018-than-previously-reported-new-figures-show-2019-08-21

Hiring doesnt appear to have gotten big boost from Trump tax cuts

Turns out hiring wasnt nearly as strong in 2018 and early 2019 as the government initially reported by about a half-million jobs. The economy had about 501,000 fewer jobs as of March 2019 than the Bureau of Labor Statistics initially calculated in its survey of business establishments. Thats the largest revision since the waning stages of the Great Recession in 2009.

The newly revised figures indicate the economy didnt get a huge boost last year from President Trumps tax cuts and higher federal spending. They also signal the economy is a bit weaker than previously believed and could give the Federal Reserve even greater reason to cut interest rates in September.

This makes some sense, as the 223,000 average monthly increase in 2018 seemed too good to be true in light of how tight the labor market has become and how much trouble firms are said to be having finding qualified workers, said chief economist Stephen Stanley of Amherst Pierpont Securities.

The average 223,000 monthly increase in employment in 2018 the strongest in three years could be trimmed to 180,000 to 185,000, economists estimate. Fewer jobs were created in restaurants, hotels, retailers and professional business services. Leisure and hospitality employment was reduced by 175,000, business services by 163,000 and retail by 146,400.
Weak economy fucker.
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E32005
08/21/19 5:21:01 PM
#2:


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NathanX95
08/21/19 5:21:18 PM
#3:


What a pathetic life, dedicated to shit posting.
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Barenziah Boy Toy
08/21/19 5:22:04 PM
#4:


NathanX95 posted...
What a pathetic life, dedicated to shit posting.

You perfectly described Trump -- who has obviously been shitposting and lying about our shitty economy.
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E32005
08/21/19 5:23:17 PM
#5:


NathanX95 posted...
What a pathetic life, dedicated to shit posting.

glad to see you agree on trump
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Shablagoo
08/21/19 5:23:50 PM
#6:


Well this cant be right because if President Trump says something that makes it true.
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Feetish
08/21/19 5:28:35 PM
#7:


NathanX95 posted...
What a pathetic life, dedicated to shit posting.


Why dont you stop then?
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Questionmarktarius
08/21/19 5:31:16 PM
#8:


Did someone finally figure out how U6 works?
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EndOfDiscOne
08/21/19 5:32:08 PM
#9:


Fewer
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The Catgirl Fondler
08/21/19 5:43:59 PM
#10:


Hardly surprising.

The job market has always been shit, and it was never going to get better post-recession. Throw in the oncoming rise of automation, and things are going to get truly fucked going forward.
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NintendoGamer83
08/21/19 6:22:09 PM
#11:


I guess Trump works for Minitrue

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