528,000 new jobs in today's report
- Thread starter dorndawg
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We can talk numbers and we can talk real life. Numbers can be "managed and manipulated". Real life **** hits hard. Unless you're loaded and/or make big money, chances are you've seen a lot of problems this year. The average American (that's about all I know outside of below average income-wise) is seeing a lot of problems. I'm just glad they passed this new inflation killing bill. The rich and corps get off free again while the IRS will be up the middle class ***.
We can all check back end of year and see where we stand.
We can all check back end of year and see where we stand.
I can only comment on what I’m seeing, despite whatever narrative the media decides to spew.
1. Cost of living is concerning, and food prices will continue to rise.
2. Supply chain for materials is still adequately 17ed, mainly because of personnel shortages.
3. My company has jobs open, but isn’t pushing to simply fill those spots with bodies because
a. Few are applying and
b. Those that are applying either lack needed qualifications or feel like their wants and needs won’t be met by employer.
4. Since filling open positions is a cluster, the workload of course gets spread out to current staff, increasing the stress and lowering the levels of loyalty and desire to be thorough.
5. Experienced and retirement eligible staff are leaving in greater numbers, since they feel their career trajectory, income, and COL are essentially all in reverse. I don’t blame them.
6. All I hear is how completely 17ing sorry, ******, lazy, entitled, arrogant, and unprofessional this new applying work force is. Everywhere. I deal mostly with construction companies, engineering firms, and government agencies. For restaurants, I almost exclusively frequent local establishments, and they all bemoan the work ethic of the few employees they can even get to show up. The few new employees that are exceptions to that stigma can just about hand pick their place and name their price.
I see nothing but trouble coming, and no meaningful solutions. Don’t get me started on how our stellar government subsidizes our own demise. Generation quit is real, and it’s not a specific age group. It’s a mentality that’s growing faster than an already strained workforce can replace them.
For years these employment numbers have meant exactly Jack ****, and even more so now. I don’t know where 528k new jobs are, but I will say this:
Good luck keeping those jobs viable long term when you can’t keep the building maintained or the plumbing and HVAC working. When a mass exodus of people from healthcare, construction, and trades & service industries are weighing their costs, quitting, and can’t be replaced fast enough with competent, trained people, this is all going to go splat, and hard.
1. Cost of living is concerning, and food prices will continue to rise.
2. Supply chain for materials is still adequately 17ed, mainly because of personnel shortages.
3. My company has jobs open, but isn’t pushing to simply fill those spots with bodies because
a. Few are applying and
b. Those that are applying either lack needed qualifications or feel like their wants and needs won’t be met by employer.
4. Since filling open positions is a cluster, the workload of course gets spread out to current staff, increasing the stress and lowering the levels of loyalty and desire to be thorough.
5. Experienced and retirement eligible staff are leaving in greater numbers, since they feel their career trajectory, income, and COL are essentially all in reverse. I don’t blame them.
6. All I hear is how completely 17ing sorry, ******, lazy, entitled, arrogant, and unprofessional this new applying work force is. Everywhere. I deal mostly with construction companies, engineering firms, and government agencies. For restaurants, I almost exclusively frequent local establishments, and they all bemoan the work ethic of the few employees they can even get to show up. The few new employees that are exceptions to that stigma can just about hand pick their place and name their price.
I see nothing but trouble coming, and no meaningful solutions. Don’t get me started on how our stellar government subsidizes our own demise. Generation quit is real, and it’s not a specific age group. It’s a mentality that’s growing faster than an already strained workforce can replace them.
For years these employment numbers have meant exactly Jack ****, and even more so now. I don’t know where 528k new jobs are, but I will say this:
Good luck keeping those jobs viable long term when you can’t keep the building maintained or the plumbing and HVAC working. When a mass exodus of people from healthcare, construction, and trades & service industries are weighing their costs, quitting, and can’t be replaced fast enough with competent, trained people, this is all going to go splat, and hard.
I exited the logistics world back in January after nearly 18 years of that **** and I dont miss it at all. What a cluster 17 of an industry. Its a constant roller coaster.
if FedEx is somehow short on freight, they can quickly adjust pricing and capture a 17 ton of it since the LTL market as a whole is still maxed out.
As for your comment I bolded, I think you are saying we are afraid of heights. Its like 'de-thaw'.
Freight companies since covid have been basically like carpetbaggers. They've made a killing in charging new "extras" for delivery. We had a shipment that went UPS ground to Crossville, AL from B-ham. It was heavy, but under their guidelines and we new it would be higher than a local ground charge of say $75.00 to get 100 lbs to our customer. We got the bill and it was $1,600.00 and it was all based on their snazzy gazillion dollar computer generated estimating system at one of their billion dollar freight facilities. This was an hour and half from my shop and could put it in my trunk and go visit my customer had I known. We fought them for two months before they finally gave us a "courtesy discount" to $500.00. Same with calendar mailouts to customer at Christmas. Tube shipped ground used to be 5 to 10 dollars. Last Christmas, averaged $35.00 to $50. So 300 calendars to customers ran a whopping $15K versus about $2,500. These are real numbers and needless to say, we're not shipping calendars this year.
You do realize that Lord Brandon emptied pretty much all of our strategic reserves. Sure hope China doesn't get into the real estate market called Taiwan. Should make your theory go away.
We're still well above the level when he took office and again, should our foreign "suppliers" have an issue, we'll be at 6.00 or higher rather quickly.
"I know....let's raise gas prices by $3, then lower them by $1. All these dumbasses will think things are getting better."
Nevermind demand fell because of the riduculous prices. That had absolutely nothing to do with gas prices falling. **
People simply can't afford to freaking drive much anymore.
It's time to end the gridlock and quit fighting. Time to remove some of these ******** with term limits but they laugh at us when we bring that up.
That's just a box checking exercise everywhere as far as I know. We have people apply all the time that don't want the job. The states we're in you can't just get on unemployment. THey will deny it for workers that quite or were basically trying to get fired, but once you get on it, there's nothing to stop you from collecting until it runs out, even if you could get a job day one. Judging from our online applications, I am guessing they will accept any confirmation of "application" to satisfy the requirement to look for a job.
I am with you. I live in a high tourist area that attracts a lot of middle class families in the south. Prior to the summer all I heard was gas prices were going to stop people from traveling. That has not been the case. This summer was packed. Restaurants, bars, hotels, and rentals. That being said, Saturday we went to the Waterpark in Gulf Shores, it was packed. But mostly Alabama, Florida tags in the parking lot which you’d expect on moving day. Sunday we went to lunch at The Gulf and it is normally packed. It wasn’t. The traffic was really light too for a Sunday in LA. I realize school is back in for a lot of people, but last year everything stayed busy until late October. I think things are slowing down and if it’s gradual, that’s a good thing.
You realize that it's entirely possible for prices to be higher than they otherwise would be on teh way up, and higher than theyy otherwise would be on the way down, because of Biden. Worse, Biden is ensuring higher prices in the future by discouraging production.
Its incredibly silly to think “you won’t hear about it until after the midterms” while referencing information clearly being discussed today.
Im guessing CNBC is wrong. The first paragraph of today’s BLS report says: “Both total non farm employment and unemployment have returned to their February 2020 hours pre-pandemic levels”.
Could literally be a rounding issue..?
https://www.bls.gov/news.release/pdf/empsit.pdf
Could literally be a rounding issue..?
https://www.bls.gov/news.release/pdf/empsit.pdf
Ocean freight shipment has significantly affected the business that I own. In late June, we had a 40' container that was supposed to go to the UK get delayed in mid-August. We couldn't find any replacement in July.
In June, we had an Australian customer who wanted to order a 20' container of goods, but declined after seeing how high the shipping costs were. My other Australian customer placed an order this week. When I shared with him the shipping rates, he said he'd get back to me to see if his guy could find anything better. There's a decent chance he cancels too.
My US based business has slowed a little, but not a ton. We were on pace to have a record year in 2022, but these last 4-6 weeks have probably derailed that.
We'll see. It's been a really great month for Rebound Joe. Suddenly he has a lot of momentum.
Giving you the benefit of the doubt, ok, let's say we've reached Feb 2020 levels. At the same time, there are other significant headwinds impacting the economy, such as record inflation and a current recession. Knowing that we are only just getting back to pre-pandemic levels, but job numbers are always a lagging indicator when the economy enters a recession, is this really growth?
Seems to me to be a whole bunch of turd polishing going on.
Govt employment is way down from pre-rona, private is making that up and then some. You'd think cons would be happy about that.....
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