Article

2024-09-06 Economy

Latest BLS report shows continuing weakness in USA economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Lord Garth 2024-09-06 10:10|| || Front Page|| [11136 views ] Top

#1 Really? Oh Noos. I am shocked!

Posted by ed in texas 2024-09-06 11:51|| 2024-09-06 11:51|| Front Page Top

#2 BLS

There's no 'L' in bullshit.
Oh wait...there is!

Posted by Skidmark 2024-09-06 12:14|| 2024-09-06 12:14|| Front Page Top

#3 Friday's jobs report for August has huge implications for 401(K)s and those buying homes

Posted by Skidmark 2024-09-06 12:25|| 2024-09-06 12:25|| Front Page Top

#4 Spirit Halloween announces major expansion due to empty storefronts

Posted by Frank G 2024-09-06 12:35|| 2024-09-06 12:35|| Front Page Top

#5 "Two stats are everything you need to know about the August jobs report:

Jobs for native born Americans over the last year: -1.3 million

Jobs for foreign-born workers over the last year: +2 million

Full time jobs: -438,000
Part times jobs: +527,000

— Greg Price (@greg_price11) September 6, 2024"

Posted by NoMoreBS 2024-09-06 14:56|| 2024-09-06 14:56|| Front Page Top

#6

Anytime they speak of employment increased by ###,### data, I asked the same question.

Are they including Illegals employed in their numbers?

Posted by NN2N1 2024-09-06 14:58|| 2024-09-06 14:58|| Front Page Top

#7 ^
Regarding the payroll survey- probably there are some illegals in the payroll numbers, all the big employers use E-Verify and most of the smaller ones do also. However, there are some loopholes and techniques to evade detection. There are some AI methods to spot these but they are not mandated and few companies use them.

Regarding the household survey - could be some illegal employees, for example, an illegal residing in a household with legal immigrants. It would be quite difficult to do an analysis of this.

Posted by Lord Garth 2024-09-06 15:55|| 2024-09-06 15:55|| Front Page Top

#8 I should probably add that its almost certain that a lot of illegals are employed in landscaping, nursing and health care and hospitality (I saw one estimate that in NYC there are probably over 1000 illegals working as dishwashers in restaurants). I'm not sure if they are counted in the BLS data. Also a lot of people work for companies like instacart, uber, etc. where they may be double counted (by the employer of the service and by the company).

Posted by Lord Garth 2024-09-06 17:48|| 2024-09-06 17:48|| Front Page Top

#9 Wait wait wait wait...you mean we can't just print money endlessly while making it as difficult as possible for actual working Americans to actually *produce* something that can then be actually paid for and sold...for years on end...without it affecting the economic numbers???

I swear liberals are stupid as fuck, and their leaders know better but are so deep in the grift that they have never bothered to care.

Posted by Crusader 2024-09-06 19:47|| 2024-09-06 19:47|| Front Page Top

23:58 Pancho Poodle8452
23:13 trailing wife
23:10 trailing wife
23:06 Canuckistan sniper
22:59 trailing wife
22:41 Fairbanks
22:09 Silentbrick
21:38 DarthVader
21:31 DarthVader
21:30 DarthVader
21:21 SteveS
21:11 Glenmore
21:03 Glenmore
19:47 Crusader
19:21 Frank G
19:11 Besoeker
19:08 Besoeker
18:54 swksvolFF
18:21 swksvolFF
17:56 swksvolFF
17:48 Lord Garth
17:27 James
17:26 Big Bluetooth1422
17:16 trailing wife