OH BOY - U.S. economy unexpectedly lost 23,000 jobs in July

[OpEpsteinFury]

At least the stock market is up 

 

The change in total nonfarm payroll employment for May was revised down by 66,000, from +129,000 to +63,000, and the change for June was revised down by 37,000, from +57,000 to +20,000. With these revisions, employment in May and June combined is 103,000 lower than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)

 

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[Reagan]

8 hours ago, OpEpsteinFury said:

At least the stock market is up 

 

The change in total nonfarm payroll employment for May was revised down by 66,000, from +129,000 to +63,000, and the change for June was revised down by 37,000, from +57,000 to +20,000. With these revisions, employment in May and June combined is 103,000 lower than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)

 

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From the report as stated from an AI search:  

The report points to:

• Local government education lost about 50,000 jobs, which economists say was likely influenced by seasonal-adjustment issues rather than a wave of layoffs.
• Retail lost about 19,000 jobs.
• Financial activities lost about 14,000 jobs.
• Meanwhile, healthcare, construction, manufacturing, and information added jobs

[DCT]

12 hours ago, Reagan said:

From the report as stated from an AI search:  

 

The report points to:

• Local government education lost about 50,000 jobs, which economists say was likely influenced by seasonal-adjustment issues rather than a wave of layoffs.
• Retail lost about 19,000 jobs.
• Financial activities lost about 14,000 jobs.
• Meanwhile, healthcare, construction, manufacturing, and information added jobs

I won't insult your intelligence by suggesting that you really believe what you just said!  You continue to provide alternative facts. 😵‍💫

BDS hallucination is real.

Google:

facts the way humans do. AI models use math and patterns in data to guess the next likely word or answer. They can sound very sure of themselves while stating completely false information, which is known as a hallucination. 

[Porter]

13 hours ago, Reagan said:

From the report as stated from an AI search:  

 

The report points to:

• Local government education lost about 50,000 jobs, which economists say was likely influenced by seasonal-adjustment issues rather than a wave of layoffs.
• Retail lost about 19,000 jobs.
• Financial activities lost about 14,000 jobs.
• Meanwhile, healthcare, construction, manufacturing, and information added jobs

 

[Reagan]

2 hours ago, DCT said:

I won't insult your intelligence by suggesting that you really believe what you just said!  You continue to provide alternative facts. 😵‍💫

BDS hallucination is real.

Google:

facts the way humans do. AI models use math and patterns in data to guess the next likely word or answer. They can sound very sure of themselves while stating completely false information, which is known as a hallucination. 

As I stated, AI pulled this info from the report itself.  It was not AI’s opinion.  True, facts are a stubborn thing!  

[thetragichippy]

The Labor Participation Rate is going to fall every year for the foreseeable future

Persons who retire, quit working with no intention of re-entering the work force  cause the Labor Participation Rate to decline

Because Boomers are now retiring, and the following generations are smaller. more people are retiring than entering the workforce......This is why we need the birth rate to increase, along with help SS.

Another hit to this number is influencers on the internet. They are considered "self employed" so they don't count. A google search claims around 300 million influencers are out there. I asked GROK how many active OnlyFans creators are out there and it claims 1.5 - 2 million. Those women literally work from home versus getting jobs like they would have 10 years ago.  

So, it's easy just to post a number, post a meme or post someone else's opinion.....but facts are facts and if we get a Democrat in 20258, they will have the same problems.....

[DCT]

5 hours ago, Reagan said:

As I stated, AI pulled this info from the report itself.  It was not AI’s opinion.  True, facts are a stubborn thing!  

Then show the report itself. 

[Reagan]

41 minutes ago, DCT said:

Then show the report itself. 

What was stated is all you need to know!  😏

[mat]

9 hours ago, DCT said:

I won't insult your intelligence by suggesting that you really believe what you just said!  You continue to provide alternative facts. 😵‍💫

BDS hallucination is real.

Google:

facts the way humans do. AI models use math and patterns in data to guess the next likely word or answer. They can sound very sure of themselves while stating completely false information, which is known as a hallucination. 

This is what CBS reported yesterday afternoon