Article

2024-08-21 Economy

Former Home Depot CEO on Fed officials warning over jobs data: ‘About time' the government ‘got honest'

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Posted by Skidmark 2024-08-21 00:00|| || Front Page|| [11143 views ] Top

#1 US jobs growth in the last year could be revised down by ONE MILLION - refueling concerns the economy is headed for a downturn

Posted by Skidmark 2024-08-21 01:09|| 2024-08-21 01:09|| Front Page Top

#2
Given, We have had 3 political coups in 4 years, since 2020.

There is also the matter of $34+T in National Debt to consider.

Is part of this overall political upheaval, a process to wipe out that debt by eliminating the USA, and replacing it with the USSA?

eg. Russia -> USSR -> Russia doing USSR things

Then have the USSA sell off outer laying areas, protectorates and holdings as compensation?

Posted by NN2N1 2024-08-21 04:29|| 2024-08-21 04:29|| Front Page Top

#3 They can't kick the revisions down the road until after the election?

Posted by Glenmore 2024-08-21 08:22|| 2024-08-21 08:22|| Front Page Top

#4 the adjustment was about -800k

fwiw, there was a big adjustment down in 2018 and a big adjustment up in 2022

the adjusted figures are based on reconciling BLS employer data with IRS data from employers; the IRS requires employers to file this and it includes unemployment insurance data

the total number 'employed' is a problem because of judgement on how to count people who only work a few hours a month, people who are temporarily laid off, people who are on strike, people who are on maternity leave, etc.

Posted by Lord Garth 2024-08-21 15:00|| 2024-08-21 15:00|| Front Page Top

#5 U.S. births continue decline, falling 17% since 2007

Posted by Grom the Reflective 2024-08-21 16:16|| 2024-08-21 16:16|| Front Page Top

#6 /\ Some might say 'a culture in decline.'

Posted by Besoeker 2024-08-21 17:56|| 2024-08-21 17:56|| Front Page Top

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