Zippergate said:
From a guy a twitter. Nailed it. Not bad for a guy who can't count.
"Fun with statistics.
1) full time jobs cratered(down 625k) while part time jobs saved the headline.
2) the household survey cratered(-400k)
3) jobs for foreign born have remained extremely high. Jobs for native born declining. This is further commentary on the quality of jobs.
4) unemployment rate tics up to 4%.
5) 35 trillion in debt.
4) most government jobs created in a 3 year period in history.
5) biggest area of growth(by a mile), health care.
Not a productive path…at all.."
Nice of you to show your concern.
1) During the Biden jobs boom while full time jobs have gone up ~8 million, it has decreased by over $300k 6 times
2) The divergence between the household survey and the establishment survey is caused by high levels of immigration, which are not picked up in population estimates in the household survey. See link below. Immigrants are saving our economy right now. You just need to use your eyes to see that businesses are having a hard time filling jobs. Immigrants are filling needed roles and are not being picked up in the household survey.
3) This is commentary on retiring white baby boomers
4) Yes, 4% unemployment rate. Continues to be a great number.
5) Tax the rich and go to universal health care
4) But I keep being told President's don't affect the economy? Is the Fed doing all this hiring?
5) What is wrong with health care jobs? We have a lot of seniors with needs.
https://wolfstreet.com/2024/04/03/how-the-huge-wave-of-immigrants-into-the-us-in-2022-and-2023-impacts-the-employment-data-of-the-bls-household-survey/