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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 11 days ago

More Than 800,000 U.S. Job Gains Have Been Revised Away — the Labor Market Is Much Weaker Than Originally Thought

finance.yahoo.com

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More Than 800,000 U.S. Job Gains Have Been Revised Away — the Labor Market Is Much Weaker Than Originally Thought

finance.yahoo.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 11 days ago
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  • usa@midwest.social
  • usa@lemmy.ml
For nearly two years, the job market Americans were told about has been significantly stronger than the one that actually existed, and the Federal Reserve made a major policy decision based on numbers that have since been quietly rewritten.
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  • Cletus@lemmygrad.ml
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    11 days ago

    Fun fact in unemployment statistics if you give up job searching for 4 weeks you no longer count as being unemployed.

    This is a graph of labor force. https://fred.stlouisfed.org/series/civpart

    The aging population skews this graph though. Maybe there is a graph that controls for that somewhere.

    • Cletus@lemmygrad.ml
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      11 days ago

      https://fred.stlouisfed.org/series/lns11300060

      Honestly a bit surprised

  • brvslvrnst@lemmy.ml
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    11 days ago

    No way! They were off? To pump stocks and interest rates? Shocking!

    • Cletus@lemmygrad.ml
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      11 days ago

      Raising interest rates is the last thing the capitalists want.

      • brvslvrnst@lemmy.ml
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        11 days ago

        Lol fair

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