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Posted by ceejayoz 18 hours ago

U.S. economy lost 23,000 jobs in July, a sudden reversal(www.nbcnews.com)
341 points | 341 commentspage 3
mindcrime 16 hours ago|
Guess it's time for Trump to fire another BLS director and find one who's better at cooking the books...
recsv-heredoc 17 hours ago||
"sudden"
eth0up 17 hours ago||
My thought exactly.

I began rapidly recalling the hundreds of sources foreseeing this well in advance, citing it, raising alarm, and being ignored.

I guess we are supposed to take numbers at face value, disregard what generated them and why, accept what they imply as presented, and never question it.

Then we must patiently withhold intelligence, wait for sanctioned admission, then finally consider what we already knew.

Suddenly, Rome collapsed.

Edit: Don't take the flagging to heart. If you dig, you will find a thousand exceptions made where the single-word comment fit the narrative and endured. This comment will be flagged too.

wat10000 14 hours ago||
Just look at a graph from the last few years. It bounces up and down a lot, but there's a pretty clear downward trend line, and it's been around zero for over a year, with many individual months slightly above or slightly below. https://data.bls.gov/generated_files/graphics/latest_numbers...
actionfromafar 17 hours ago|||
I predict the numbers will look good after November. Maybe not reality but the numbers.
lionkor 17 hours ago||
https://news.ycombinator.com/newsguidelines.html
brazukadev 13 hours ago||
wow this thread made me realize the level of manipulation in HN discussions. The amount of bots posting comments passing as real is staggering.
debo_ 16 hours ago||
Meanwhile, Canada adds 75k jobs in the same month.

> Gains were focused on the private sector, with strength in wholesale and retail trade, finance and insurance, and professional and scientific services. Public sector jobs fell by 14,500 amid an official bid to cut government spending.

https://www.theglobeandmail.com/business/economy/article-can...

dismalaf 16 hours ago||
Yeah, our unemployment rate is still higher though with basically no productivity growth since 2015 (see link). Maybe 2 years straight of these job gains and then we can talk.

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=361007...

https://www150.statcan.gc.ca/n1/daily-quotidien/260807/dq260...

debo_ 15 hours ago||
Yes, agreed.
avoidstupidity 15 hours ago|||
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fleroviumna 15 hours ago||
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purplemoonx 15 hours ago||
[flagged]
paulryanrogers 15 hours ago||
Nonsense. We can and do downgrade folks from better to worse employment all the time, even moreso during this administration!

Can't have the plebes unionizing or getting more compensation.

brazukadev 14 hours ago|||
what is this comment? did you reply to the wrong thread or is this something worse?
purplemoonx 54 minutes ago||
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zuzululu 15 hours ago|||
in the grand scheme of things 23,000 isn't a big number and mostly a seasonal variability during summer, nothing to do with unions or Trump (I know people love to blame him for everything).
zuzululu 15 hours ago||
with inflation under control there is little incentive to raise rates and not enough to cut, consensus is that fed will hold

in the meantime stock market is going to do another major boom cycle

paulryanrogers 15 hours ago||
Inflation of certain luxuries may be under control. That's cold comfort to households with two jobs per adult just to make rent+healthcare+food.

> in the meantime stock market is going to do another major boom cycle

Citation needed

zuzululu 15 hours ago||
no doubt there's been a rise in costs for the average joe but that's not what the fed targets

no citation needed, its common knowledge that rates drive stock market by acting as a gate to control money flowing between money market and stock market but to explain that is really not my responsibility, a very worrying sign that many Americans are seemingly not aware how much of sway the Federal Reserve play on the global economy.

bwat49 17 hours ago||
[flagged]
lionkor 17 hours ago|
https://news.ycombinator.com/newsguidelines.html
throwfaraway135 17 hours ago||
[flagged]
catigula 16 hours ago||
The great reversal is happening. It was about time to quell the bubble-sayers.
bekimbacaj 16 hours ago|
firstly :: "economy" cannot lose jobs because it doesn't have any. Secondly :: there is absolutely no way for you to know it.
cyanmoonx 16 hours ago||
That’s just nitpicking words and yes you can tell from payroll
bekimbacaj 15 hours ago||
Thanks you for your kind reply. Calling it nitpicking doesn't make it untrue and payrolls are not public. To come up with factual data, one needs do some investigative journalism, and nbcnews' not one of them.
wat10000 14 hours ago||
Which is it, is it unknowable, or is it certain that it can't be?
bekimbacaj 7 hours ago||
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