Skip to content
Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Politico)   The US added a quarter million new jobs in November and unemployment is at a 53-year low, but don't you worry there's a big ol' recession juuust around the corner, massive...YUGE, annny second now.., real soon   (politico.com) divider line
    More: Spiffy, Monetary policy, Inflation, Central bank, Federal Reserve System, Great Depression, Unemployment, nation's employers, Employment  
•       •       •

944 clicks; posted to Politics » on 02 Dec 2022 at 12:14 PM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



124 Comments     (+0 »)
View Voting Results: Smartest and Funniest


Oldest | « | 1 | 2 | 3 | » | Newest | Show all

 
2022-12-02 11:24:37 AM  
Tell us your mom does your grocery shopping without telling us your mom does your grocery shopping
 
2022-12-02 11:25:57 AM  
"...so don't go agitating for pay raises, it could cost you your job in six months or so"
 
2022-12-02 11:30:03 AM  
Something big is up, because Janet Yellen is on a grand tour of every TV station in the country.
 
2022-12-02 11:57:16 AM  
I am thinking back on the financial prognosticators on record for the past couple of years and am having trouble recalling any of them being generally correct in their statements.
Any trustworthy mentions?
 
2022-12-02 12:01:16 PM  
pbs.twimg.comView Full Size
 
2022-12-02 12:06:46 PM  

cretinbob: Tell us your mom does your grocery shopping without telling us your mom does your grocery shopping


Judging by this week's grocery store ads in the Chicago area, those prices are creeping downward again. Almost as if they were artificially inflated ahead of the election.
 
2022-12-02 12:16:35 PM  
Don't worry, the Fed is coming to douse the raging fire that is this economy
 
2022-12-02 12:17:34 PM  

HugeMistake: "...so don't go agitating for pay raises, it could cost you your job in six months or so"


"Don't go asking for 4 days of sick leave; might as well ask for a unicorn."
 
2022-12-02 12:21:43 PM  
I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.
 
2022-12-02 12:21:48 PM  

GardenWeasel: [pbs.twimg.com image 850x674]


I enjoy that we have an agency staffed with unelected officials whos job it is to discourage hiring American workers.
 
2022-12-02 12:22:07 PM  
Wall Street Journal: "Wages are up, labor demand is high - yep, things are looking terrible for the ruling class."
 
2022-12-02 12:24:18 PM  
Using job numbers without wage information is the adult version of 'I'll give you FIFTY pennies for your ONE dollar' grift you tease children with.
 
2022-12-02 12:24:28 PM  

Mikey1969: I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.


Because in a lot of cases, they bailed on those jobs to run their own. Either Etsy, 3dPrint, craft, etc.
Or in some cases they walked away and found a better job.

But in most cases, either people are self-employed, or in some cases of friends of mine, they quit a 2nd job when they got a new main job that paid enough so they weren't working to death.

/Labor shortage is partly due to less people requiring 2nd jobs just to survive.
 
2022-12-02 12:25:09 PM  

Mikey1969: I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.


The problem IMO isn't that you can't find where people are working. The problem IMO is that lots of people are no longer working. At least a million Americans, probably even more than that, have long COVID symptoms so severe that they can't work at all.
 
2022-12-02 12:25:37 PM  
AWS instituted a hiring freeze last month because the recession is going to make people use computers less.
 
2022-12-02 12:25:43 PM  

BlippityBleep: Using job numbers without wage information is the adult version of 'I'll give you FIFTY pennies for your ONE dollar' grift you tease children with.


FIFTY pennies?

Look who has money to burn.
 
2022-12-02 12:25:54 PM  

BlippityBleep: Using job numbers without wage information is the adult version of 'I'll give you FIFTY pennies for your ONE dollar' grift you tease children with.


The same report showed blue-collar wages were up an annualized 4.3%.
 
2022-12-02 12:26:36 PM  

BlippityBleep: Using job numbers without wage information is the adult version of 'I'll give you FIFTY pennies for your ONE dollar' grift you tease children with.


I know no one reads TFA, but if you're going to ask WHAR DATA, it might help to know that, in fact, THAR DATA.

From TFA: As employers have continued hiring, wage gains have followed. In November, average hourly pay jumped 5.1 percent compared with a year ago...
 
2022-12-02 12:26:48 PM  
Okay some wage information was there, but a 5.1 increase is still losing money with 10-12% inflation.  And people were barely making it before anyway.
 
2022-12-02 12:27:18 PM  

Mikey1969: I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.


Working at jobs that don't pay shait wages without benefits?
 
2022-12-02 12:27:38 PM  
That's the goal.  Raise interest rates so that people get laid off.

There has to be a better way.
 
2022-12-02 12:28:26 PM  

BlippityBleep: Okay some wage information was there, but a 5.1 increase is still losing money with 10-12% inflation record profits and executive compensation.  And people were barely making it before anyway.


FTFY
 
2022-12-02 12:29:03 PM  
Elliot8654:
/Labor shortage is partly due to less people requiring 2nd jobs just to survive.

And from many customer service workers NOT surviving due to "muh freedoms", and republicans avoiding mask rules..
 
2022-12-02 12:31:02 PM  

Mad-n-FL: Elliot8654:
/Labor shortage is partly due to less people requiring 2nd jobs just to survive.

And from many customer service workers NOT surviving due to "muh freedoms", and republicans avoiding mask rules..


Preliminary data is already indicating Republicans may have lost at least a few elections due to excess COVID deaths.
 
2022-12-02 12:31:59 PM  

BlippityBleep: Okay some wage information was there, but a 5.1 increase is still losing money with 10-12% inflation.  And people were barely making it before anyway.


On the other hand, switching jobs for any kind of salary increase beats staying out at an employer who will not give a raise. I switched jobs (a contract job) to get a nice pay increase, vs staying at my old job (perm position) where I had nice vacation time and other benefits, but no hope of any decent pay increase.
 
2022-12-02 12:33:25 PM  

Mikey1969: I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.


Despite "The Robots are Taking Ur Jobs", there is still lots of demand for more stuff than we can possibly make. We kicked out a ton of immigrant labor as well. The market will always wobble between having too much stuff or not enough stuff, that just how things go.
 
2022-12-02 12:33:34 PM  

BlippityBleep: Okay some wage information was there, but a 5.1 increase is still losing money with 10-12% inflation.  And people were barely making it before anyway.


I fully admit not understanding a lot about economics (I do like math, though), but how do you get 10-12% inflation from rates in the 7s and 8s all year?

Is it compounded or something? (And please to show the math, if'n you'd be so kind.)

Unrelated:
Queens Of The Stone Age - 3's & 7's (Official Music Video)
Youtube BgVfjXA_QY0


// IIRC when I got my 8% raise this year, they told me it was to keep ahead of 6% inflation (which I had looked up before that discussion, in August)
 
2022-12-02 12:36:47 PM  
I am not an economist, but I do know that my company gave me my holiday bonus and it was EIGHT TIMES LOWER than last year.  Farking brutal.  The economy is not EIGHT TIMES WORSE than last year.

Goddamn shareholders, greedy CEOs and other piece of shiat human factors are farking with us all in various ways.

And no, I am not subscribing to the "just thankful I have a job" bullshiat.  They farked me, they are farking others.
 
2022-12-02 12:37:03 PM  

Mikey1969: I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.


So much doesn't make sense. We went from no one wants to work to mass layoffs in the same year, uh, how? Why are people getting laid off when everything is still on back order?
 
2022-12-02 12:38:31 PM  
Didn't Black Friday and Cyber Monday both break purchase records?

We are doomed!
 
2022-12-02 12:38:50 PM  

aimtastic: cretinbob: Tell us your mom does your grocery shopping without telling us your mom does your grocery shopping

Judging by this week's grocery store ads in the Chicago area, those prices are creeping downward again. Almost as if they were artificially inflated ahead of the election.


that or the Albertson's/Kroger's Merger  gotta raise that $4 billion bribe to shareholders...err dividend somehow
 
2022-12-02 12:40:52 PM  

Jack Sabbath: I am not an economist, but I do know that my company gave me my holiday bonus and it was EIGHT TIMES LOWER than last year.  Farking brutal.  The economy is not EIGHT TIMES WORSE than last year.

Goddamn shareholders, greedy CEOs and other piece of shiat human factors are farking with us all in various ways.

And no, I am not subscribing to the "just thankful I have a job" bullshiat.  They farked me, they are farking others.


So, only one envelope from the hot cocoa sampler box?
 
2022-12-02 12:42:19 PM  
Fark user imageView Full Size


Damn you Dark Brandon! How dare you create more jobs than were expected!
Bonus: She then goes on to complain people are making more money too, and this is horrible!
I wonder if she'd take a wage cut to "help the Fed"
Fark user imageView Full Size
 
2022-12-02 12:43:20 PM  

Mikey1969: I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.


A lot of people died.
 
2022-12-02 12:44:24 PM  
Workers are making more, saving more, spending more.
Corporations are making record profits.
So are banks.

Of the 3, which are begging for a recession and trying their hardest to "spook consumer sentiment" on this point?

I wonder why.
 
2022-12-02 12:45:04 PM  
Chairman Powell seen cackling in his cave.
 
2022-12-02 12:45:17 PM  

Zizzowop: So much doesn't make sense. We went from no one wants to work to mass layoffs in the same year, uh, how? Why are people getting laid off when everything is still on back order?


AFAIK a lot of those layoffs are in the tech sector. One area of the economy can struggle while the rest does okay.
 
2022-12-02 12:45:22 PM  

Free Radical: Didn't Black Friday and Cyber Monday both break purchase records?

We are doomed!


Maybe people had more money to spend because gas prices have dropped so much. Additional doomage!
 
2022-12-02 12:46:36 PM  

Serious Black: Mikey1969: I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.

The problem IMO isn't that you can't find where people are working. The problem IMO is that lots of people are no longer working. At least a million Americans, probably even more than that, have long COVID symptoms so severe that they can't work at all.


There was also a large number of Boomers who used COVID as a reason to say forget this and retire, especially teachers and nurses. They were going to drop out of the workforce at some point anyway, but the pandemic hastened the retirements of so many older Americans. So now you have a smaller work force that is only going to continue shrinking as more Boomers retire and die and the generations below them have a lower birth rate.
 
2022-12-02 12:46:48 PM  

Walker: [Fark user image 850x1003]

Damn you Dark Brandon! How dare you create more jobs than were expected!
Bonus: She then goes on to complain people are making more money too, and this is horrible!
I wonder if she'd take a wage cut to "help the Fed"
[Fark user image 850x193]


I don't know this Leinz person but isn't she just stating a fact there? Wages are up and the Fed will hate it?
 
2022-12-02 12:46:49 PM  

Mikey1969: I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.


People are sick and people died.  I've had three jobs past two year and in each one nonmasked coworkers got sick for a week or two and i was left as the one doing majority of work and I burned out.
 
2022-12-02 12:47:03 PM  

Scorpitron is reduced to a thin red paste: Mikey1969: I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.

A lot of people died.


A million. We gained 1/4 of that in just this jobs report. And out of that million, you had a lot of people either too young or too old to be in the workforce.

So nope, that's not it. The other farkers who chimed in had pretty good ideas. But if it was simply that people died, we've replaced that many total jobs just in the last year.
 
2022-12-02 12:47:13 PM  

GardenWeasel: [pbs.twimg.com image 850x674]


That NY Times Pitchbot is out of control.
 
2022-12-02 12:48:59 PM  

Elliot8654: Mikey1969: I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.

Because in a lot of cases, they bailed on those jobs to run their own. Either Etsy, 3dPrint, craft, etc.
Or in some cases they walked away and found a better job.

But in most cases, either people are self-employed, or in some cases of friends of mine, they quit a 2nd job when they got a new main job that paid enough so they weren't working to death.

/Labor shortage is partly due to less people requiring 2nd jobs just to survive.


Also, we've had over a million excess deaths due to covid, many more who have long covid and have difficulty working, and parents who have decided to stay home with the kids instead of working and sending the kids to daycare.
 
2022-12-02 12:49:56 PM  

Walker: [Fark user image image 850x1003]

Damn you Dark Brandon! How dare you create more jobs than were expected!
Bonus: She then goes on to complain people are making more money too, and this is horrible!
I wonder if she'd take a wage cut to "help the Fed"
[Fark user image image 850x193]


Holy shiat look at how much the market is dropping!!!

*squints at the screenshot*

52 points? That's it? I think someone farting in the middle of the trading floor at the NYSE causes a bigger market reaction.
 
2022-12-02 12:51:28 PM  

Mrtraveler01: Walker: [Fark user image image 850x1003]

Damn you Dark Brandon! How dare you create more jobs than were expected!
Bonus: She then goes on to complain people are making more money too, and this is horrible!
I wonder if she'd take a wage cut to "help the Fed"
[Fark user image image 850x193]

Holy shiat look at how much the market is dropping!!!

*squints at the screenshot*

52 points? That's it? I think someone farting in the middle of the trading floor at the NYSE causes a bigger market reaction.


Yeah... that's one of the worst chart snapshots I've seen in a long time.
 
2022-12-02 12:51:32 PM  

Walker: [Fark user image image 850x1003]

Damn you Dark Brandon! How dare you create more jobs than were expected!
Bonus: She then goes on to complain people are making more money too, and this is horrible!
I wonder if she'd take a wage cut to "help the Fed"
[Fark user image image 850x193]


"How do we keep ppl eager to come to work if we don't make sure they're always on the edge of poverty?"
 
2022-12-02 12:51:49 PM  

Hagbardr: Elliot8654: Mikey1969: I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.

Because in a lot of cases, they bailed on those jobs to run their own. Either Etsy, 3dPrint, craft, etc.
Or in some cases they walked away and found a better job.

But in most cases, either people are self-employed, or in some cases of friends of mine, they quit a 2nd job when they got a new main job that paid enough so they weren't working to death.

/Labor shortage is partly due to less people requiring 2nd jobs just to survive.

Also, we've had over a million excess deaths due to covid, many more who have long covid and have difficulty working, and parents who have decided to stay home with the kids instead of working and sending the kids to daycare.


Correct.
It's almost like screaming at low-wage workers to "find something better if you're so unhappy!" actually ended up happening.
 
2022-12-02 12:52:49 PM  

Walker: [Fark user image 850x1003]

Damn you Dark Brandon! How dare you create more jobs than were expected!
Bonus: She then goes on to complain people are making more money too, and this is horrible!
I wonder if she'd take a wage cut to "help the Fed"
[Fark user image 850x193]


So people made more money made the markets mad? This <redacted> should get Chris Cilizza'd into the recycle bin of crapass reporting
 
2022-12-02 12:53:46 PM  

Mikey1969: I still don't get this. Everyone is employed, but no place has a full staff. Our printer techs are supposed to be out same day, or first thing the next morning, but due to labor shortages, it's more like 2 days out. Same with the folks who are doing on site laptop repairs. Fast food is a joke now, you're there 15 minutes before you even get to order, because there are like 2 people in the whole building.

It's obvious that these numbers are legit, we don't have huge unemployment lines, etc., but where in the hell is everyone working? I can't think of a single business I frequent that isn't short staffed.


Buncha people died.  Buncha people retired.  Customer service jobs are thankless and increasingly dangerous so buncha people trained up to do anything but serve the public.
 
Displayed 50 of 124 comments


Oldest | « | 1 | 2 | 3 | » | Newest | Show all


View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking




On Twitter


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.