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https://www.zerohedge.com/personal-finance/wtf-going-jobless-claims-data

WTF Is Going On With The Jobless Claims Data...
Tyler Durden's Photo
BY TYLER DURDEN
THURSDAY, FEB 29, 2024 - 09:10 AM
In the real world labor market, 2024 has been a [bleep] of layoffs...

1. Everybuddy: 100% of workforce
2. Wisense: 100% of workforce
3. CodeSee: 100% of workforce
4. Twig: 100% of workforce
5. Twitch: 35% of workforce
6. Roomba: 31% of workforce
7. Bumble: 30% of workforce
8. Farfetch: 25% of workforce
9. Away: 25% of workforce
10. Hasbro: 20% of workforce
11. LA Times: 20% of workforce
12. Wint Wealth: 20% of workforce
13. Finder: 17% of workforce
14. Spotify: 17% of workforce
15. Buzzfeed: 16% of workforce
16. Levi's: 15% of workforce
17. Xerox: 15% of workforce
18. Qualtrics: 14% of workforce
19. Wayfair: 13% of workforce
20. Duolingo: 10% of workforce
21. Rivian: 10% of workforce
22. Washington Post: 10% of workforce
23. Snap: 10% of workforce
24. eBay: 9% of workforce
25. Sony Interactive: 8% of workforce
26. Expedia: 8% of workforce
27. Business Insider: 8% of workforce
28. Instacart: 7% of workforce
29. Paypal: 7% of workforce
30. Okta: 7% of workforce
31. Charles Schwab: 6% of workforce
32. Docusign: 6% of workforce
33. Riskified: 6% of workforce
34. EA: 5% of workforce
35. Motional: 5% of workforce
36. Mozilla: 5% of workforce
37. Vacasa: 5% of workforce
38. CISCO: 5% of workforce
39. UPS: 2% of workforce
40. Nike: 2% of workforce
41. Blackrock: 3% of workforce
42. Paramount: 3% of workforce
43. Citigroup: 20,000 employees
44. ThyssenKrupp: 5,000 employees
45. Best Buy: 3,500 employees
46. Barry Callebaut: 2,500 employees
47. Outback Steakhouse: 1,000
48. Northrop Grumman: 1,000 employees
49. Pixar: 1,300 employees
50. Perrigo: 500 employees

But, according to the government-supplied data...

As long as the Fed’s Bank Window is open there will be Peace in the Valley..

Valley of Shadow.

Bidenomics

https://twitter.com/SaltyGoat17/status/1723891547245101344

The .gov data is so manipulated it's total BS. At some point soon they won't be able to cover up the mess to the mainstream.

You missed Seagate. Last I heard they were laying off 20k.

Osky

Zero Hedge and Tyler Durden again? 🤣🤣🤣You guys do realize that people are always hiring and always laying off don’t you? It’s funny, and totally predictable, that when job growth is good, somebody has to come up with numbers like this to try and show otherwise. This exact chart could have been posted during job growth under Trump, Obama, Bush, etc. These are the type of stats that they put out so uneducated people can be easily swayed…… On queue, the next stat will probably be that they are only adding part-time jobs, government jobs, low wage jobs, etc.. This is the best job growth we’ve seen in 20-30+ years.

RIIIIGht, and when businesses were "allowed" to reopen after the scamdemic, those jobs weren't reported as new job growth ?

No point, he is brain dead.

A lot of us can see the truth, they claimed job growth, when it was only covid people starting to come back, the economy here and the US is not doing well.

Sad he drank the kool aid

If you pay attention, the biteme admin will revise its statistics downward about 2 months after they publish the original stats, and normally on a Friday afternoon.

It actually gets revised up and down, and has been since the beginning of time. Same thing happened under Trump, or do you not remember that?

You do Realize that Your going to have to make up the Difference of all that Money your fellow Marxist won’t be contributing because their Unemployed..

We’re going to take back the High Ground from You Perverts one way or Another..

Blood , Sweat and Tears upon Your Houses ..

Gas shot up 30 cents here overnight.

You just got to put ur dumfuk 2cents in don’t ya

Well, it’s called the truth! I’m well aware you can’t handle facts and the truth. For instance, 2018 January Jobs report added 200,000 jobs. The Dec 2017 numbers were revised up to 160000 from the original 148000, and the Nov 2017 jobs were revised down from 252000 to 216000 jobs added. That’s exactly what was stated only happens under Biden. Now, the fact that you guys don’t know these things either make you hypocrites, or fugging stupid……. So which is it, are you stupid, a hypocrite, or worse, both?

Dont get ur feathers ruffled dumfuk

Bidenomics is a disaster

The May jobs report showed alarming signs in the labor market. The household survey data—the part of the jobs report data that looks directly at American workers—showed that 440,000 more Americans became unemployed, a sign that the labor market may be beginning to deteriorate in the face of raging inflation and sky-rocketing interest rates.

President Biden released a statement in response to the May jobs figures praising his Administration’s so-called job creation numbers. Biden’s White House tweeted that they have added more jobs under his watch than any President has in a single four-year term.

These claims are misleading. Here’s why.

Recovery versus “Creation.” Nearly 72 percent of all job gains since 2021 were simply jobs that were being recovered from the pandemic, not new job creation. In fact, when looking at today’s economy compared to pre-pandemic levels, employment is up only by 3.7 million.
On the other hand, prior to the pandemic, job creation under President Trump was 6.7 million—3 million more jobs than the current President.

Labor Force Participation Was Stronger Under Trump. The labor force participation rate remains 0.7 percentage points lower under Biden than it was when President Trump was in office. When adjusting for population gains, nearly 2 million more Americans are on the sidelines today than they were during the previous Administration.
Wages Are Not Keeping up with Biden’s Inflation Crisis. Real wages are down over 5 percent since President Biden entered the Oval Office.
Inflation Still Shows No Signs of Slowing Down. Americans are still feeling the sting of this inflation crisis—prices are up 15.3 percent under Biden. Inflation remains over three times higher than just a couple years ago.
The Bottom Line: A closer look at the May jobs report shows a deteriorating labor market. It is misleading at best for the President to claim his Administration is setting records with his economic agenda.

May?? Nearly a year ago? How’s that worked out?

It's called bidenomics because shrinkflation sounds so much worse.