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Post by whitebacon on Aug 21, 2024 13:14:15 GMT -5
Some economists, however, are questioning the fresh figures. Goldman Sachs said the revision was likely overstated by as much as 400,000 to 600,000 because unemployment insurance records don’t include immigrants lacking permanent legal status, who have contributed dramatically to job growth the past couple of years. Based on estimates before Wednesday's revisions, about 1 million jobs, or a third of those added last year, likely went to newly arrived immigrants, including many who entered the country illegally, RBC Capital Markets estimates. www.usatoday.com/story/money/2024/08/21/jobs-report-revision-growth-lower/74886965007/I think you meant to say "newly arrived illegal immigrants". Quite a back log of prosecutions being created. Probably could pay off the national debt with employer fines alone. |
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Post by misterjr on Aug 21, 2024 13:32:04 GMT -5
I didn't say anything, I pasted a piece from USA Today, that quoted Goldman Sachs.
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Post by nuevowavo on Aug 21, 2024 13:35:52 GMT -5
Wait a sec! If the Dems control the monthly non-farm payroll reports and revisions, why would they release this now? It benefits Trump, not them, right? I can tell because all the Trumpsters seem happy about this.
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Post by nuevowavo on Aug 21, 2024 13:44:36 GMT -5
Most of those jobs created are in government. Nope. A lot, but not "most". |
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Post by OhMy on Aug 21, 2024 13:48:29 GMT -5
Wait a sec! If the Dems control the monthly non-farm payroll reports and revisions, why would they release this now? It benefits Trump, not them, right? I can tell because all the Trumpsters seem happy about this. Maybe it was leaked. Nobody ever knows, heck nobody figured out who leaked the Roe decision and only a very few folks has access to those docs. |
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Post by olmucky on Aug 21, 2024 13:49:52 GMT -5
Cmon man. That’s deepfake |
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Post by nuevowavo on Aug 21, 2024 13:57:39 GMT -5
Wait a sec! If the Dems control the monthly non-farm payroll reports and revisions, why would they release this now? It benefits Trump, not them, right? I can tell because all the Trumpsters seem happy about this. Maybe it was leaked. Nobody ever knows, heck nobody figured out who leaked the Roe decision and only a very few folks has access to those docs. Nope. It was a planned, officially issued revision by the BLS. Everyone knew it was coming.They do it every year. It's based on the Quarterly Census of Employment, which is more accurate than the monthly numbers since it's derived from employers' quarterly Federal tax filings. It's more of a counting issue than a snapshot of economic health.
BTW, it is a preliminary revision. Final one comes in Feb. 2025.
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Post by olmucky on Aug 21, 2024 14:17:51 GMT -5
Wait a sec! If the Dems control the monthly non-farm payroll reports and revisions, why would they release this now? It benefits Trump, not them, right? I can tell because all the Trumpsters seem happy about this. Maybe it was leaked. Nobody ever knows, heck nobody figured out who leaked the Roe decision and only a very few folks has access to those docs. I doubt they didn’t know who it was |
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Post by meateater on Aug 21, 2024 14:22:31 GMT -5
Maybe it was leaked. Nobody ever knows, heck nobody figured out who leaked the Roe decision and only a very few folks has access to those docs. I doubt they didn’t know who it was what yous talking bout weezy i know who leaked it. |
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Post by resinhead on Aug 21, 2024 18:12:21 GMT -5
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Post by bswiv on Aug 21, 2024 18:59:05 GMT -5
Some economists, however, are questioning the fresh figures. Goldman Sachs said the revision was likely overstated by as much as 400,000 to 600,000 because unemployment insurance records don’t include immigrants lacking permanent legal status, who have contributed dramatically to job growth the past couple of years. Based on estimates before Wednesday's revisions, about 1 million jobs, or a third of those added last year, likely went to newly arrived immigrants, including many who entered the country illegally, RBC Capital Markets estimates. www.usatoday.com/story/money/2024/08/21/jobs-report-revision-growth-lower/74886965007/Mister: Now I'll not say that I get this right on a regular basis, Louann being a expert on my dumb pronouncements.......but.......there are times to just say nothing.....this being one of those. Regardless of whether it was a normal government adjustment, or something less good.......it surely seems that this is a real adjustment. And.......and.....to extol the "fact" ( Is it? ) that 1 million, a third....went to "immigrants", the vast majority of whom arrived.....legally?.......really? That someone at the bottom, someone with limited skill, someone clawing their way up the ladder, that that someone can not grasp the possibility that the "immigrant" , often someone skipping line and ignoring the law.....has taken a job he may have gotten.....or....by their presence held the value of the job he was doing down......really? Fact is....sometimes our Team is wrong and has made something worse....... No need to defend the wrong....... |
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Post by osprey11 on Aug 21, 2024 20:13:34 GMT -5
Maybe it was leaked. Nobody ever knows, heck nobody figured out who leaked the Roe decision and only a very few folks has access to those docs. I doubt they didn’t know who it was LOL they know that. They know whose cocaine it was in the while house. They lie like Cad does. Very easily! |
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Post by luapnor on Aug 21, 2024 21:42:50 GMT -5
The adjustment is just another example of the total incompetence of the harris/biden administration.
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Post by luapnor on Aug 21, 2024 22:02:11 GMT -5
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Post by Tarponator on Aug 21, 2024 22:05:13 GMT -5
Who can even remember the August 2019 job revisions?
Whoops!
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