Reply to thread

Message

<blockquote data-quote="Max Roscoe" data-source="post: 1529178" data-attributes="member: 17845">Yeah I saw that weird jobs headline this morning.For some reason the jobs report is &quot;disappointing&quot; despite the fact that it results in the unemployment rate declining to 4.8%.<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite25" alt=":hmm:" title="Hmm&nbsp; &nbsp; :hmm:" loading="lazy" data-shortname=":hmm:" />[URL unfurl=&quot;true&quot;]https://abc7news.com/september-jobs-report-us-unemployment-rate-today-hiring/11098775/[/URL]Of course I don&#039;t believe any of those numbers, but I do believe that they are measuring something, just not what they are reporting (ie when they say employment increases, it does, it&#039;s just that we are not at 95% employment !&nbsp; Maybe it went up from 76 to 77%.Anyway I pay a small amount of attention to this types of data, as it&#039;s related to my job in financial forecasting, and 200,000 jobs per months has been the benchmark of &quot;normal&quot; for a long time.In other words, there&#039;s nothing disappointing about this.&nbsp; If I didn&#039;t listen to media or politics, I would think this was some good news.&nbsp; I was equally perplexed when the media started piling on Biden when 13 people died in Afghanistan and they turned it into a week long news event.&nbsp; I don&#039;t think jobs reports are that important, particularly to the average voter, but I wonder if this is being spun negatively to make Sleepy Joe look bad.But the whole thing is absurd.&nbsp; If the unemployment rate is really below 5%, then how could this possibly be disappointing?&nbsp; Unemployment is never supposed to be zero outside of somewhere like North Korea where you are assigned a job for life.</blockquote>

[QUOTE="Max Roscoe, post: 1529178, member: 17845"] Yeah I saw that weird jobs headline this morning. For some reason the jobs report is "disappointing" despite the fact that it results in the unemployment rate [U]declining[/U] to 4.8%.:hmm: [URL unfurl="true"]https://abc7news.com/september-jobs-report-us-unemployment-rate-today-hiring/11098775/[/URL] Of course I don't believe any of those numbers, but I do believe that they are measuring [U]something[/U], just not what they are reporting (ie when they say employment increases, it does, it's just that we are not at 95% employment ! Maybe it went up from 76 to 77%. Anyway I pay a small amount of attention to this types of data, as it's related to my job in financial forecasting, and 200,000 jobs per months has been the benchmark of "normal" for a long time. In other words, there's nothing disappointing about this. If I didn't listen to media or politics, I would think this was some good news. I was equally perplexed when the media started piling on Biden when 13 people died in Afghanistan and they turned it into a week long news event. I don't think jobs reports are that important, particularly to the average voter, but I wonder if this is being spun negatively to make Sleepy Joe look bad. But the whole thing is absurd. If the unemployment rate is really below 5%, then how could this possibly be disappointing? Unemployment is never supposed to be zero outside of somewhere like North Korea where you are assigned a job for life. [/QUOTE]

Verification