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Private-Sector Jobs Went Negative in October. Will the Fed Panic Again?mises.org/mises-wire/private-sector-jobs-went-negative-october-will-fed-panic-again
225 sats \ 8 comments \ @Rothbardian_fanatic 2 Nov news
This is the worst employment report since 2020, and it reflects an overall downward trend in employment growth since 2022. In addition to the drop in private employment, the report also shows drops in full-time employment and ongoing stagnation in the total number of employed workers. This is an economy in which whatever lackluster growth there is in employment, it’s being driven by part-time jobs and taxpayer-funded government workers.
What more can one say? It looks like there have been a lot of bogus reports in the past to make this so bad. Someone has ordered this behavior and we are getting it.
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41 sats \ 3 replies \ @Satosora 2 Nov
Full time jobs are becoming part time jobs. Companies dont want to pay the benefits anymore.
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41 sats \ 2 replies \ @Rothbardian_fanatic OP 2 Nov
Yes, companies fudiciary duty is to maximize profit. Why wouldn’t they degrade the jobs and hire under the table?
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21 sats \ 1 reply \ @Satosora 2 Nov
They are starting to hire under the table. Some of the companies I go to have only spanish speaking crews. And arabic.
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21 sats \ 0 replies \ @Rothbardian_fanatic OP 2 Nov
Of course, they make more profit that way.
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21 sats \ 1 reply \ @Cotton 2 Nov
Yeah, the numbers don’t lie—it’s a shaky job market with too many part-time roles propping it up. Feels like the real story’s finally coming to light.
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21 sats \ 0 replies \ @Rothbardian_fanatic OP 2 Nov
It took long enough! Americans are too trusting of their overlords. They believe what the overlords’ mouthpeices say or write. But, they are waking up.
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10 sats \ 1 reply \ @TomK 2 Nov
They will panic if the bond market keeps selling off this garbage
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0 sats \ 0 replies \ @Rothbardian_fanatic OP 2 Nov
@TomK, I think they are already panicking! The prices of BTC, precious metals and land are going up, in terms of fiat. Even Be-ill Gates is buying farmland. The big hedge funds are moving into the crypto-sphere. Oh ….. yes!! There is panic amongst THEM.
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