Jobs Report Sinks The Stock Market: Here's What Happened

[@mickygarcia4251]

I work in a building that is almost entirely empty. I just completed a job, closing another office location. Every day I'm watching the Tech sector dropping tens of thousands of employees almost every day. Big Lots is going out of business, the Dollar Stores are unable to make a profit and McDonalds is back to a $5.00 menu. The statistical data is a load of lies. I know couples who both have 2nd jobs in order to pay their bills. If you take 1 full time job and divide it into 3 part time jobs, then we aren't adding jobs... we're dividing them up.

[@ahberlowkz852]

4 jobs? Sound like they are loaded.

[@thomasbialzik3060]

AI is destroying the tech sector jobs.

[@barbarawarren9443]

Micky - spot on.

[@valdivia1234567]

@@thomasbialzik3060 No, not true. There is a very very small percentage of headcount that has been reduced due to AI, but it's still incredibly small. The real reason for tech sector layoffs is due to overall technology spending started to pull back greatly in Q3 2023 due to inflation, as well as the realization there was some over-hiring in 2021 post-covid. Inflation has been the real killer in the jobs market.

[@digiart7732]

I agree. It's been a slaughter. If you work in tech you very well know that we've been in a recession since 2022

[@tonyd4346]

Here’s the problem with the jobs report! 90% of those jobs do not pay a wage one can live on. So the job report actually sucks!

[@wjb111]

Exactly! December job report is likely retail Christmas jobs.

[@ah5836]

the jobs report is basically all asylum seeker below minimum wage jobs

[@Pyrrhus0331]

As far as here in California, I say damn they’re 100% of those jobs lol

[@bigjude100]

You said it best! Those jobs are 12/hr at least in FL, where even two income household can't live on😅

[@andybarrett6472]

Good thing Republicans fight the minimum wage and intend to delete as much healthcare from granny as possible. Make Polio Great Again!

[@OneManBanned-MarcTaylor]

Does anyone actually believe the official employment figures? They've been overstating jobs numbers and then revising them lower for the past year.

[@andybarrett6472]

It will be worse under trump. False promises again but who notices that he never delivered any of his big promises. Maybe that will be solved by tariffs on cheap goods and invading sovereign nations

[@MakeItMakeSense285]

Or inflation for that matter.

[@jeffbower781]

Bidenomics

[@MikeDalton-p5q]

correction...for the past 4 years

[@andrewadami3920]

It's not Biden specific. Every administration has done this since its inception. It's easier to bump up the headline number, then revise months later in the background.

[@brianminster1407]

We added large numbers of Healthcare jobs and government jobs (inflationary). The retail jobs are seasonal and part-time and we are loosing manufacturing jobs. This is clearly not a sign of a healthy economy.

[@KAZHE63]

Macy’s closing stores, Big Lots, Kohl’s, Walgreens, Game Stop, JoAnn Fabric. This is a lot of job loss!

[@efsglass]

Advance auto closing 700 stores

[@timferguson593]

Retail apocalypse

[@d.4201]

All thanks to Bidenomics!

[@joycekoch5746]

Biden's green tomorrow.

[@gahaha8565]

@@joycekoch5746 Green for the rich maybe lol

[@teddyfulk]

Where are they getting these numbers from? I’ve applied to 600 plus job over the past 12 months, talked to 20 recruiters, changed my resume, been diligent. All I get is ghosted. I just don’t get how they’re getting these numbers

[@stephenedwards9931]

Guess you must suck

[@theboringchannel2027]

are you local to the industry you are trying to work in ? generally if you are more than 45 minutes away from a potential employeer many no longer consider hiring those people.

[@pinoyrunningpenguin]

Probably fabricated and/or they are treating those underemployed doing part time work in Mc donalds, doordash, uber, as employment. Because technically the only true unemployed are those living under a bridge not able to pay rent.

[@prettyyoungthingpyt5015]

They ate making up numbers!!

[@rustybumperclassics6342]

Not adding jobs. No where in sight. Just making up numbers. I work in large health care company as recruiter and we had a hiring freeze the past 3 months

[@VITDubya]

Don’t worry, .GOV likes to “revise” the results a couple months after, giving us the “real news”…

[@tonyd4346]

At least it’s not done with a sharpie!

[@ah5836]

they revised it up to give the dems a nice sendoff, then will claim all the losses in the revised numbers as part of the Trump administration. Guarantee media will spin that

[@routybouty]

@@tonyd4346 Can't dislike two things eh?

[@dankestranch8738]

How dumb are you?

[@vickiehow-]

It's always been revised later due to more data arriving later than the report comes out

[@silentnot4812]

My too big to fail company is moving all positions to India. This includes legal, operations, compliance and many other professional positions. They are busy laying off people and shipping those jobs to India where we do NO business.

[@TheWilferch]

And then we (collectively) wonder why Social Security is always threatened to go bankrupt. No news article or podcast ever mentions the linkage to "off-shoring" jobs....or putting in self-checkout kiosks at McD's ( removing "people").....that when doing this.... there is NO ONE paying into the SS system, ....which by design is a Ponzi scheme where you need MORE next-gen people to keep up. Anyone?....anyone out there listening and reporting ?????

[@multikillerpro1]

AT&T 😅

[@jnsnlam]

And now president musk, I mean president trump, wants to bring Indians here to physically take jobs in America

[@reyjazz-u8p]

@@jnsnlam you mean Canada?

[@elvinrichmond]

The real problem is too many people treating the market as a gambling spread instead of a long term investment.

[@racerx2580]

💯!!!!!!!!!!!!!!!!!!!!!!!!!!

[@bbhrucy]

Precisely

[@vanjones1749]

Man that part for sure, i had to reel myself in from this way of thinking

[@grumpyschnauzer]

I applied for a job. The job came back rejecting my application and saying they already moved forward with another one. Then I got a message from the third party website a couple of weeks later that the same job would be a good match for me... this implying that the job was still open and available. So I send a message back asking if this is a real listing and if this company is actually intending to hire... these reports are erroneous. Look around at the people living on the streets, in RVs and losing their homes... the government can't tell me unemployment had gone down. We've been in a deep depression since 2019. I've been applying for jobs for over a year now.

[@zzzT.]

Depression since ~2022. But the stock market has been propped up since at least 2008. Automakers, insurance companies, banks and airlines will be looking for more government cheese bailouts soon too. 🤠

[@shoersa]

SPOT ON here!

[@13579Winter]

If you don’t have a job, you don’t get counted towards unemployment if you stopped working/looking *4 weeks* prior. After that they don’t count you in the unemployment rate; instead you are considered a discouraged worker (which the U.S. doesn’t seem to keep good track of). You could have 100 million Americans lose their jobs, and if they didn’t look for work in the month after, you’d never know by the unemployment rate.

[@TheWilferch]

That's why the metric they have known as the "labor participation rate". Most people think when we have 4% unemployment it means roughly 96% of working capable people are employed. Wrong....the current labor participation rate is roughly 62%.

[@Zetirix]

I've been looking for 60 weeks now.

[@d.4201]

I quit my job late 2021 d/t jabby doo mandate. I haven't worked or looked for work in 3 yrs. I'm sure that wasn't counted in any data. Did not take any freebies from the government. Lived off my savings and a small monthly pension. Now will start SS. 🎉

[@reinaldogarcia5335]

don't believe the lies With all the stores closing this year, there's gonna be a lot of unemployment. Party city ,Big lots and alot more

[@Daniel-ld3zi]

The people there just moved to the next minimum wage job out there. Had a few stores opening like Dollar Tree

[@micker9830]

@@Daniel-ld3zi Exactly, those aren't jobs that pay living wages, mostly just part time jobs.

[@Fudge_Fantasy]

Stores and restaurants

[@fuzzypants101]

@@micker9830lots of people need part time jobs to cover their bills so it’ll still have some affect

[@AFollowerOfCanti]

theres already a lot of unemployment, the gov just cooks the books.

[@jeffreydurrance5400]

I don't believe the first thing the FED has to say, especially about employment

[@jpcarsmedia]

Just holding and ignoring the news 🤷‍♂️

[@clearvaluetax9382]

Long term mindset!

[@GCOCommander]

This is the way to do it! Every 2 weeks for me, market goes up, I buy, market goes down, I buy, market goes down alot, I buy more.

[@zzzT.]

Hodl to zero, bud 🤠

[@GCOCommander]

@@zzzT. I don't invest in crypto. 🤣

[@tracywalker244]

Me too and I’m retired.

[@anjijack5392]

Here's what happened to me the last Qtr of 2024. I was laid-off from my Fortune5 corporate technology position, along with 3000 of my fellow colleagues. I was in upper management. My last day of active work was October 18th. But, I was getting a regular paycheck until my employment technically ended December 7th, and my severance pay kicked in. I promise you, based on this alone, unemployment will go up (on paper anyway) 1st QTR of 2025, because of this delayed reporting. Side note: In August of 2023, this same company laid off 5,000 employees. And most likely hit the report with delayed data then, too. Stay strong and prayed up, folks.

[@0megaJB]

December jobs reports should be ignored. Temporary jobs to support Christmas shopping happens each year and in January they crater.

[@BradThomas]

So many people I know who have jobs are barely making it, even with 1-2 jobs. Credit card debt is skyrocketing. Once people run out of credit to leverage, that's when the problem is really going to be felt. I think we are at the beginning of some very rough times ahead for the economy.

[@batitsogtsaikhan469]

Nah there's a lot of people thriving. Then there's people who are overspending and going into unnecessary debt. Aside from one major hurdle for the average American (housing cost), success is really dependent on the individual

[@loum5143]

ABC reported this and I laughed my ass off.This corrupt market just makes excuses for this shit.They also stated the economy was great😅TY for the info Brian.

[@andybarrett6472]

Trump has been insulting all growth. Soon he will be taking credit for it. Why not? The whole country has been lobotomized to not see his publicly televised crimes. Bring on the tariffs and invade Canada!

[@vickiehow-]

Actually, isn't the GDP doing great, better than other countries? Aren't other countries experiencing a more difficult time recovering from the world wide virus?

[@andybarrett6472]

@ Vickie. This is the investment crowd. The GDP wont be doing well until January 20th. Thats when Trumps insults will become praise of his booming market, GDP and job numbers. Until then everything is rigged terrible and you cant trust the numbers. Its the Fox News Lobotomy. Go against that and youre either woke or have one strain of mind virus. Id dump everything I hold except the system is rigged. Now just worse because the “fiscal conservatives” want to eliminate the debt ceiling and eliminate medicare

[@spencerathearn3586]

​@vickiehow- because we are screwing them over we are threatening them

[@diegoharo7943]

Other than inflation The economy is doing far far far better under 46 than when 45 left office

[@BOSSDONMAN]

Unemployment is a meaningless statistics. - Does nothing to measure underemployment - Counts part-time workers as equally employed as FT workers - Doesn't count someone as unemployed if they couldn't find a job after six months

[@300zxturbo]

How many jobs were private sector jobs and how many were government jobs. Government jobs are not a good indicator of economic health.

[@Zach929U]

33k Government Jobs added, most of the gains are in the Healthcare and Retail sectors with 46k and 43k added respectively.

[@JaykeBlayde]

also love how a "job" can be any part time no benefits low hours

[@anjijack5392]

💯🎯😉

[@mattbarker1411]

There hasn't been a single non government job added under this administration after revision.

[@mattbarker1411]

​@Zach929U, Get back to me on the revised numbers. 😂😂😂😂

[@JaykeBlayde]

Right and that bureau of labor statistics is always so accurate. Just wait for the "revision"...

[@deadfullyawesome]

Man this guys the best. No speculation or bs. I feel like he embodies the disappointed Asian dad when he talks about the feds😂 Also killing it with the tie game

[@0-60STYLE]

Found the first timer

[@brycethomas8864]

Results were too good lol you can’t actually believe that, no information you get from the government is true…. Remember the last 800K jobs revision?

[@cantgetrights6731]

The bubble that covid created in the job market (more specifically the tech industry) is bursting. The amount of job openings, remote opportunities, and employee headcount are returning to pre-pandemic levels. This was inevitable

[@TonyTheAntonio]

Hi Brian, I literally just watched NBCs spinned version of the job reports and I'm glad this was first in my KZbin queue. We all come here for the real news. I'm an unemployed tech worker and I watch your videos. Cheers.

[@joycekoch5746]

These job numbers will be revised in the next month.

[@andybarrett6472]

To worse. And then blamed on anyone but the coup attempter who wants to invade sovereign nations

[@shines22]

Yep

[@andybarrett6472]

@@joycekoch5746 to better. Trump is the king of fake news. Anyone remember hearing that term before he refused to show his tax returns or was booted from NY for 40 years of fraud and cheating his employees?

[@mattbarker1411]

Just like every month of the current administration.

[@andybarrett6472]

@@mattbarker1411 putin talking points. Keep it up. Americans vs Americans

[@Staticky1000]

I can’t find a job right now. But I have seen a lot of new listings on indeed 👍

[@astridgalactic9336]

Indeed and similar sites have become a part of the world of the paranormal. Nothing but ghost jobs listed! Good luck!

[@Latterdaysaintcrunchymom]

half of them are repeats or scams

[@zzzT.]

Nobody is hiring. They're fake. 🤠

[@jasonpatrickries]

@Staticky1000 I spent dozens of hours applying to hundreds of jobs posted on Indeed. Never heard a damn thing!

[@TheMadexx]

@@Latterdaysaintcrunchymom Honestly at this rate I feel like it's 80% of them.

[@shawnmiller2115]

Until it's revised again

[@billyliu6811]

I talked to a tech recruiter about the a job position I applied too and he said there was like 2000 applicants, only about 100 decent ones, 50 better ones and about 10-20 really good one for one software engineer position. I didn't get the job after being one of those final 10. It took a whole 2 months of tech interviews only to be rejected on Christmas week. Job market for tech is brutal.

[@Laid_back_allen]

Do you apply for jobs through your network/referral or are you cold applying?

[@reyjazz-u8p]

it was the best market 2 years ago lol

[@sebastienmarquis-p9q]

AI has taken over

[@shooting4star2023]

@@sebastienmarquis-p9q Nah

[@billyliu6811]

@@Laid_back_allen Cold applying. I have pretty good experience as a SWE with 8 YoE, so my response rate is about 2-3 interviews a month.

[@misterringer]

As they've revised it down almost every month this year, I wouldn't be surprised to see this revised down to analyst expectations.

[@billricheter5678]

You are wrong there. More times it was revised up. Quit lying

[@anjijack5392]

​@@billricheter5678😂 They're not lying, though. I've personally witnessed it revised down twice in 2024 alone!

[@mattbarker1411]

They've revised it down every month going back to 2020.....

[@mattbarker1411]

​@billricheter5678 the data doesn't lie. You do.....

[@mattbarker1411]

​@anjijack5392, you witnessed it revised down every month for 4 years.....

[@Johnpaul-vu8tn]

Feel like we're getting closer and closer to riots

[@xukiomi]

bro chill! long term mindset. just keep holding you will be fine

[@rustybumperclassics6342]

We are. About 3 steps away from mad max senerio

[@zzzT.]

Yup. The stock market is completely divorced from reality. Out here in the streets, the recession is already here. 🤠

[@racerx2580]

Lets hope. I'm ready in many ways.

[@xukiomi]

@@racerx2580 calm down and seek God. No one should hope for riots.

[@KoodsAthletics]

Thank you for keeping us updated!

[@JoeRogansGutBiome]

The Govt has been cooking the books for years thats all i gotta say

[@tracywalker244]

I believe it

[@ClassTimeWithKai]

The general minimum wage in New York state just went up at the beginning of this year from $16 to $16.50. that is still poverty wages. Here in New York but particularly Long Island you need to be making about $25 an hour after taxes in order to be able to not be at poverty level

[@leagueofballers7097]

I have been looking for a job for 2 months and all the ones that are hiring are below the poverty level.

[@edinnorthcarolina--ovelhog5786]

Where on the chart does it indicate the nearly one million fraudulent jobs that were removed?

[@victoriacousins4501]

Hours were cut drastically, lately full time job it’s 32-35 hours per week!

[@jjrossphd]

Government debt is still a huge problem the Fed can't ignore and the primary reason for cutting short term rates. Job 1 for the Fed is making sure the government can meet its debt obligations.

[@luisgrados2875]

From "dont fight the feds" at lows to totally fight them at highest

[@2Eaglez]

These are BLS statistics and they are more often wrong than correct. Can’t wait for the correction next month.

[@norrisheckwine7439]

I always base my personal investing on falsified government stats

[@tracywalker244]

😂

[@IndependenceCityMotoring]

The labor force participation rate between the ages of 25 to 50 is probably a WAY better indicator of job/economic health than the "unemployment" rate.

[@Clearvalue_tax-i3f]

We should work to lighten the load of mankind, Imagine if we did... Would love to hear from your positive notes🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ🤍±𝟷𝟺𝟶𝟾𝟾𝟹𝟽𝟿𝟽𝟼𝟷🎉❤🎉

[@mqayyum9226]

this decline in unemployment is probably seasonal with extra hiring during the holiday season. January jobs report should be worse. everywhere i hear of stores closing and company layoffs and more and more posts of people asking for employment.

[@gilbesm1]

Please do deeper dive on jobs report. Gainful employment is EXTREMELY scarce. Either they are out of touch, lying or both.

[@coreytrevor1311]

Most job openings are for part time(second or third) jobs.

[@mapmike52]

Government jobs and part time are propping these numbers up. The Federal budget deficit is keeping these numbers from falling off a cliff.

[@davidgrace779]

That's great news. Time to buy the s&p on a discount

[@BuddyH69]

Having a hard time believing these job numbers

[@zacharylewis417]

I'm not ready this year. I feel its going to be crap. We can't handle another uptick in inflation.

[@shadowbanded]

I just think it's kind of funny that it's cut cut cut cut and then when Trump's coming into office it's oh we can't cut. Remember they've been saying that economy is really strong for the last year so it's not anything to do with that

[@srercrcr]

One could say "If Job Openings are Falling, that's Good. People are filling those openings

[@TheJetsons-v2w]

Wait, where are those jobs? I'm still unemployed. My roommate is also still unemployed. This can't be correct.

[@johnnyhandsome3424]

Sounds like y’all about to get evicted

[@shoersa]

Agreed, they are imaginary jobs or part time low paying jobs.

[@airforce-d1117]

They lying, ghost jobs.

[@sethenoch2609]

Thing they don't report is how many people have a second job because they need one because the economy sucks😮😮😮😮😮

[@parkerberlin4410]

I live in phoenix, AZ. Our largest building downtown is the Chase building, 40 floors. It's completely empty. In fact its chain linked fence around its perimeter. The Government and the FED are fudging the numbers

[@workandplay717]

Which jobs are being added can they be more specific.. Is this low wage jobs LOL Because I know tech is destroyed right now nothing out there.

[@northwestrepair]

These numbers are too vague 😮. Kentucky income low but prices are x4 times average income. Washington pays x3 times more and prices are x2 times income. Move to more favorable state?

[@Daniel-ld3zi]

"Not cutting rates isn't good for stocks" I'm confused, then what was the past 3 years all about? Lol

[@jrraven3230]

Thanks Brian 🙂

[@graysmith9218]

Imagine a system where a strong labor market causes stocks to drop. Insane market psychology the fed has created

[@Qually23]

Govt Lies lies and more lies 🤦‍♂️

[@hectors.sanchez23]

The stock market started going downward ever since trum open his mouth on his tariff. A lame duck.

[@sharlyn8707]

This was extremely informative! I appreciate your hard work in keeping us in the loop.

[@robfut9954]

…jobs keep getting added yet unemployment also rises??? Huh

[@vladimirofsvalbard9477]

If the labor market is solid; why is the freight industry hurting so badly? My wife is a cardiothoracic surgery PA; five years of experience. She can't get an interview outside of work to save her life. Nobody is hiring virtually anywhere it seems.

[@theboringchannel2027]

over capacity in the freight industry from the boom in biz during covid when people bought things instead of did things. Also lots of foreign born drivers now, willing to work for 3rd world wages bringing down the freight rates paid.

[@vladimirofsvalbard9477]

@@theboringchannel2027 Not exactly, I'm afraid this is a big misconception in the media. I was a truck driver in 2019; my old job now pays $85k in Columbus, OH; assuming I can get regular beer hauls. Though the guaranteed pay was $1025 weekly; now it's $1250. It's true that there are a LOT of foreign born drivers, but it's largely because Americans are not willing to take those jobs. I got my CDL years ago and there were 15 students; all but three were from Africa; green cards. Number of drivers isn't an issue as much as limited volume. Demand started taking a nose dive in Autumn of 2022 and has never recovered since. Freight rates have been dropping because of excessively low demand. You'll be lucky to routinely pull $2/mile these days unless you're specialized or heavy haul. Most of those independent drivers are not foreign born. My initial comment was slightly rhetorical. The FED plans to avoid any recessionary environment with dollar printing.

[@motive7475]

Come to the northeast. Plenty of jobs here. Nurses are in high demand

[@aguiremedia]

Thanks for the update, always great info!

[@JDHart]

Nothing to see here, until the revision.

[@dreamsaremadeofthesefists2602]

Hi Brian! Thank you!

[@thecalabungaboyz9500]

You’re a legend bro, thanks

[@clearvaluetax9382]

You are awesome thecalabungaboyz! Happy Friday!

[@NeroX-nh8se]

Lol, if you compare with previous years, the jobs report always perform better for the first few months, then it drops... And the overall trend is downwards..

[@acepokemontrainer1]

im new to all this... can someone tell me if we want the fed interest rates to go up or down? from this video sounds like interest rates go down when economy is bad, but go up when economy is good, but the stock market reaction is opposite? im a little confused. thx

[@acosilicon]

The reason they won't cut the interest rate is to curtail inflation. If the economy is doing well, then that means more people have more money to spend. More money to spend means there'll be more demand for the same supply amount in the market and thus the prices will increase (i.e. increase inflation) for goods and services. The government won't cut interest rate since lower rate means people or companies can borrow more to spend and or borrow to invest in riskier asset like stocks and crypto. This is why some short term or even medium term investors pull out their money in anticipation of a sell off in the stock market. They think they can buy in at a lower price.

[@VRGamingTherapy]

The labor market has to stay strong, so we can pay those taxes!

[@qdood]

Have a great weekend everyone.

[@migo-migo9503]

Is there a chance that this tally is completely off like that previous time?

[@steved0123]

They want $200 to mow a medium size lawn, if your lucky. Go in for a 15 minute auto repair. Over $100 if your lucky and get an "honest" garage. I replaced a $29 part, myself, in 5 minutes. Estimates for that repair ranged from $129 to $160. We need a depression to give many people a much-needed attitude adjustment.

[@Lq32332]

Or start your own business and charge less? If that’s the market rate then it means they are busy and your low balling isn’t worth their time.

[@thewhatevershow1411]

if that's too high then don't pay it you retard. houses don't cost a nickel anymore cunt

[@vazquezcarlos]

@@Lq32332 There's always the people in the autozone parking lot that can install basic parts for cheaper too.😅

[@ianbass8351]

@@Lq32332well said!

[@jeffnorbert1871]

Yes "stock market" has consistently liked "bad news" for a few years now.

[@Massmayhem1992]

Revision incoming where they only really created 10 job 🙄

[@Desoto12]

Love your information, detailed and straight to the point..

[@mega-nerd]

Imaginary pretend data

[@bingsballyhoo711]

What a mess. Thanks for the report.

[@melindachristisourhope6255]

Gas lighting. Have a good weekend, Brian.

[@kevinsjournal]

Yep exactly like what others are saying, my last video on my channel was on this topic, shameless plug lol, but its become significantly harder to find work than ever, and I speak from personal experiences. More college grads are entering the workforce and ending up unemployed, even with their degrees. Then you have many that do find work, but doesn't necessarily mean it equates to quality work, or anything related to their majors.

[@Julian-1111]

How many of those were government jobs ie (political hiring) to cook the books.

[@VPA1117]

Interest rates dropping looking further and further away.

[@onionpeeler2023]

It's not just the job report, but also the oil sanctions on Russia, which spiked oil prices, and every time oil prices go up, stocks go down...

[@TheBassManJeff]

Fair assessment.

[@Egam]

I would challenge most governments statistics. This is like the inflation report, officially 2.5% (approx); reality is, if it is measured as 40 years ago, it will be at least triple of that.

[@andrewadami3920]

The January numbers have revisions from the entire previous year added to them. They are always way out of line with reality. Even if the jobs are actually there, January is used to as a catch-all for the previous years missed numbers. Yet no one, seems to notice it, much less mention it. Thats why January is always a big number.

[@techevar]

This report is full of crap!!. I know plenty of people in the Tech sector who lost their jobs have not been able to find a Job for almost a year! My friend has a Masters degree and can not fine a job so again it's full of it!

[@VOLVO2LUV]

HAPPY FRIDAY

[@clearvaluetax9382]

Happy Friday Volvo2luv! I wish you a very nice weekend!

[@sl5946]

2 months from now the jobs numbers will be revised down 250,000

[@Knot_Guilty]

It’s because everyone has to get second jobs. I don’t do jobs, I do businesses, I started a second business for more income.

[@captiveamerica1776]

That is a great mindset! More people need to think and act like that.

[@theboringchannel2027]

@@captiveamerica1776 America ranks 34th in the world when it comes to math. most americans lack the basic math skills to even run a business.

[@My-Nickel]

Thank you sir 🙏

[@michaelbananas461]

In the transitional periods from booms to busts, usually between 6 and 18 months following the end of tightening cycles, you often see good news and bad news being "good news". I.e. good jobs data shows the tightening is being managed and bad news (i.e. softening) is percieved as encouraging for a loosening in monetary policy. The same happens every cycle, but with variable lags. At some point, usually as expectations and asset prices drag on, good news like the non farm payrolls today and the rising 10 year yields remind investors that you cant have your capital gains cake and eat it too (cheap money), hence the reaction to good news today. Eventually, the bad news becomes really bad news and then you see the rapid decline...

[@blendedplanet]

1:08 - This is wrong. The retracement is VERY VERY VERY GOOD for stocks, if you're smart enough to exit or go short as the market reconjiggers. The market has done great but is overvalued and a pullback breather is overdue and a great opportunity to buy cheap again. Plus if you have a 401k it's not too late to make adjustments. The very idea that losing 40% in equity by staying put is better than paying 20% tax on winnings baffles me completely (simplistic round numbers for illustration purposes obviously)

[@alfredpinto7906]

Thank you. Very helpful.

[@lindajordan1158]

I don’t understand how jobs can be added when banks, Nike, Boeing, and Intel are laying people off.

[@theboringchannel2027]

one industry can contract while another industry grows, simple.

[@tjmuzz]

Thanks Brian!

[@jasonpatrickries]

Strong job market? I don't get it. BS, MBA and decades of experience. Applied for hundreds of jobs and nada.

[@jamesgraves9858]

you need a valuable skill. That's the thing no one is adaptable now

[@peters972]

thank you!

[@Portodan3482]

Living in a era where the information flows way faster than the last meltdown. Double edge sword, so they tell us every where things are good and it carries the markets with the damn lie. Things have been in a rut for about 3 years now. I have been looking for new job closer to home for a year and all are a no-go or been cancelled positions and very few are hiring. Salaries have also gone down, goods are like 30% more comparing to 3 years ago. It is an eerie resemblance to the 2008 meltdown.