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It’s so frustrating that someone with a title of “Chief Economist” puts things like this out there. Job numbers get revised every month, in a negative directio
by darth_avocado 4mo ago
It’s so frustrating that someone with a title of “Chief Economist” puts things like this out there.
Job numbers get revised every month, in a negative direction.
New grad unemployment is high and trending higher.
New jobs exclusively are held up by addition in healthcare industry, almost every other sector is seeing some negative movement.
A lot of job openings, a good chunk of them, are just fake jobs where the company has no intention of filling them.
Pretty bold for someone to ignore all of that and come up with a claim like that.
- dwoldrich 4mo agoThere are upward and downward revisions this year at least, it seems like a mixed bag with many policies juicing the economy. [1] Job opportunities differ by state and de-growth hostility to business policies and crony investments. Where I am, layoffs and offshoring continues. I hear new grads are increasingly opting for the skilled trades, which is interesting given they aren't getting use out of their degrees. [1] https://www.bls.gov/web/empsit/cesnaicsrev.htm#2026 https://www.bls.gov/web/empsit/cesnaicsrev.htm#2026
- darth_avocado 4mo ago> There are upward and downward revisions this year at least, it seems like a mixed bag with many policies juicing the economy Since Jan 2025, the only two upward revisions have been in the last 3 months. So we’re both correct here. This year (3 months of data), has been a mixed bag. But on a longer time horizon (last 6, 9, 12 months) the revisions have mostly been negative.
- dwoldrich 4mo agoYes, I hope I didn't contradict you, the economy has been shite. Was just trying to leave a positive note on recent developments that will continue, God willing.