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Wounded Bear

(58,598 posts) Fri Jan 4, 2019, 01:06 PM Jan 2019

Employment numbers in December are basically meaningless...

That's when retail hires for the holiday sales surge. Saying thousands were hired in December means very little about any long term trends. Many of those hirees will be laid off in Jan/Feb.

8 replies

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Employment numbers in December are basically meaningless... (Original Post) Wounded Bear Jan 2019 OP

Agreed. democratisphere Jan 2019 #1

Sorry... that's incorrect FBaggins Jan 2019 #2

To add to this, most places don't hire their seasonal workers in December. Ace Rothstein Jan 2019 #6

Yep. You're 100% correct. Power 2 the People Jan 2019 #3

Agreed. tRump owns this! Joe941 Jan 2019 #4

Wrong. Numbers are seasonally adjusted. onenote Jan 2019 #5

No, and stop. jpljr77 Jan 2019 #7

Watching Bloomberg this AM. Wellstone ruled Jan 2019 #8

democratisphere

(17,235 posts)

1. Agreed.

Reply to Wounded Bear (Original post)

Fri Jan 4, 2019, 01:16 PM

Jan 2019

FBaggins

(26,721 posts)

2. Sorry... that's incorrect

Reply to Wounded Bear (Original post)

Fri Jan 4, 2019, 01:24 PM

Jan 2019

Jobs figures are seasonally adjusted and already take that into account.

Ace Rothstein

(3,144 posts)

6. To add to this, most places don't hire their seasonal workers in December.

Reply to FBaggins (Reply #2)

Fri Jan 4, 2019, 01:30 PM

Jan 2019

Seasonal hires for the holidays are usually wrapped up before Thanksgiving for the most part anyway.

Power 2 the People

(2,437 posts)

3. Yep. You're 100% correct.

Reply to Wounded Bear (Original post)

Fri Jan 4, 2019, 01:28 PM

Jan 2019

Joe941

(2,848 posts)

4. Agreed. tRump owns this!

Reply to Wounded Bear (Original post)

Fri Jan 4, 2019, 01:29 PM

Jan 2019

onenote

(42,585 posts)

5. Wrong. Numbers are seasonally adjusted.

Reply to Wounded Bear (Original post)

Fri Jan 4, 2019, 01:30 PM

Jan 2019

jpljr77

(1,004 posts)

7. No, and stop.

Reply to Wounded Bear (Original post)

Fri Jan 4, 2019, 01:34 PM

Jan 2019

The jobs numbers are seasonally adjusted, meaning they take seasonal hiring into account. There actually does appear to have been a hiring surge last month. The only caveat is that the survey response rate was lower than usual, meaning the revisions next month could be quite large (but could go in either direction).

Stop making EVERY little thing about Trump. If you want good anti-Trump job news, read this WSJ article: https://blogs.wsj.com/economics/2019/01/04/how-the-job-market-of-2018-stacks-up-against-recent-years/?mod=article_inline

The upshot of the article is that 2018 was the third-best year for job growth since the recession, behind 2014 and 2015, when you-know-who was in office. He still can't catch Obama.

Wellstone ruled

(34,661 posts)

8. Watching Bloomberg this AM.

Reply to Wounded Bear (Original post)

Fri Jan 4, 2019, 02:26 PM

Jan 2019

Kudlow is really pumping the Bullshit. Next segment they have a guy from Blackrock calling for a major slowdown to hit soon,and the guy from JP Morgan saying similiar scenario . Amazing how a False Narrative of Kudlow's is pumped as the new sliced Bread.

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