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September Jobs Report Shows Hot Labor Market Cooled Some. Employers added 263,000 jobs, and unemployment rate edged down to 3.5%.
2022 Oct 7, 6:16am 665 views 6 comments
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1
clambo
2022 Oct 7, 6:34am
Nobody wants to work at the bullshit jobs they see around.
They pay like 15 bucks to be making shit at Micky D's and still guys don't show up to work.
Why should they? They get free shit from their "sugar mama".
There are guys who live as parasites from their welfare queen women; HUD pays 90% of the rent, food stamps (EBT), health care is free, dental is free, phones are available free, internet is available almost free, each rug rat is worth $3500 in cash every tax season.
The guys then supplement their income selling weed or other forms of dope.
I personally know of 2 cases like the above: "Always bet on black".
They pay like 15 bucks to be making shit at Micky D's and still guys don't show up to work.
Why should they? They get free shit from their "sugar mama".
There are guys who live as parasites from their welfare queen women; HUD pays 90% of the rent, food stamps (EBT), health care is free, dental is free, phones are available free, internet is available almost free, each rug rat is worth $3500 in cash every tax season.
The guys then supplement their income selling weed or other forms of dope.
I personally know of 2 cases like the above: "Always bet on black".
2
Ceffer
2022 Oct 7, 7:06am
Ceffer
2022 Oct 7, 7:06am
clambo says
Pretty much this. You see ghetto fabulous welfare clients with fancy glitter nails on the dole. They do prostitution on the side, the men they are involved with are all fly by night thugs 'n drugs and criminal lifestyle. It is quite primitive. Kids are largely ineducable and disrupt any environment that houses them. A first principle of education is that the children sit still in a classroom, and most can't.
There are guys who live as parasites from their welfare queen women; HUD pays 90% of the rent, food stamps (EBT), health care is free, dental is free, phones are available free, internet is available almost free, each rug rat is worth $3500 in cash every tax season.
The guys then supplement their income selling weed or other forms of dope.
Pretty much this. You see ghetto fabulous welfare clients with fancy glitter nails on the dole. They do prostitution on the side, the men they are involved with are all fly by night thugs 'n drugs and criminal lifestyle. It is quite primitive. Kids are largely ineducable and disrupt any environment that houses them. A first principle of education is that the children sit still in a classroom, and most can't.
3
clambo
2022 Oct 7, 7:37am
My friend's older sister deals Percocet on the side of her other activities.
The key is the single mother must have some kind of job or she can't qualify for the earned income credit; she's one of those grumpy nasty bad attitude females working at a shitty job; you run into them here and there.
Her daughter is rebellious and 13 and the report is she's already screwing guys. She's on her way, like mother, like daughter.
The key is the single mother must have some kind of job or she can't qualify for the earned income credit; she's one of those grumpy nasty bad attitude females working at a shitty job; you run into them here and there.
Her daughter is rebellious and 13 and the report is she's already screwing guys. She's on her way, like mother, like daughter.
4
fdhfoiehfeoi
2022 Oct 7, 8:36am
fdhfoiehfeoi
2022 Oct 7, 8:36am
Have they fixed the disparity between jobs reported by companies, and unemployment reported by individuals yet...
5
Misc
2022 Oct 8, 4:06am
NuttBoxer says
No, I figure both reports are sorta correct. What's been happening is that a couple hundred thousand Americans are getting 2nd jobs per month.
Have they fixed the disparity between jobs reported by companies, and unemployment reported by individuals yet...
No, I figure both reports are sorta correct. What's been happening is that a couple hundred thousand Americans are getting 2nd jobs per month.
The unemployment rate fell to 3.5% from 3.7% in August, the Labor Department said Friday, matching a half-century low that was last reached in July, a reflection of people leaving the job market. Wages rose 5.0% in September from the same month a year earlier, a slower pace than August’s 5.2% annual rate.
“We are seeing labor demand cool,” said Sarah House, senior economist at Wells Fargo. “But we have a long way to go towards restoring balance between supply and demand for labor.”
Job gains were led by the leisure and hospitality industry, which added 83,000 jobs. Healthcare employment rose 60,000.
The number of job openings fell 10% in August to a seasonally adjusted 10.1 million from 11.2 million the month before, the Labor Department said Tuesday. The 1.1 million drop in openings is the largest decline since the early months of the Covid-19 pandemic in 2020. That left job openings at their lowest level in a year but still above their prepandemic level in 2019, when they averaged 7.2 million a month.
The payroll gain, while still robust, represents additional cooling of hiring from the monthly average of more than 440,000 during the first half of 2022.
The labor-force participation rate, which measures the percentage of working-age adults who are working or looking for work, dipped in September. That could complicate the Federal Reserve’s inflation fight, since the labor market needs more workers competing for jobs to help cool wage growth and boost overall productivity. The participation rate dipped to 62.3% in September from 62.4% in August.
“Even in blue-collar segments, particularly manufacturing and logistics, we’re still seeing high demand and much higher levels of applications to those jobs,” said Traci Fiatte, who heads professional and commercial staffing for Randstad USA. “What that tells me is that manufacturing and logistics workers are interested in re-entering the workforce and also wage inflation is coming down.”
https://www.wsj.com/articles/september-jobs-report-unemployment-rate-economy-growth-2022