MASSIVE REVISION: U.S. Labor Market Reports 818,000 Fewer Jobs

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  • Опубліковано 11 вер 2024
  • The U.S. labor market reports 818,000 fewer jobs, signaling a weaker labor market. Unemployment is on the rise - here's what you need to know.
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КОМЕНТАРІ • 57

  • @SmartMoneyBro
    @SmartMoneyBro  21 день тому +17

    Are they gaslighting us? Let me know your thoughts in the comments!

    • @uturntee4552
      @uturntee4552 21 день тому +3

      Thx for your inspiration I’m 45 years barely 10 k to my name with over double debt what a mistake.

    • @rollthers3157
      @rollthers3157 21 день тому +2

      Absolutely. We all know other people who've lost jobs in the last year.

    • @kathleenepugh9495
      @kathleenepugh9495 21 день тому

      ​@@uturntee4552Don't give up, where there is LIFE there is HOPE!👍

  • @martykeller1234
    @martykeller1234 21 день тому +10

    As my Dad always said, there are liars, there are damn liars and there are statistics!

  • @TheWillywilo
    @TheWillywilo 21 день тому +5

    Hey Eric glad you brought this up, thanks. I read recently that they actually changed how they calculate employment in the 80's. Unemployment is actually way higher. Whether it's a little exaggerated probably but supposedly unemployment is closer to 20% if measured the way it was measured before they changed it in the 80's. 🤔

  • @MillennialDiligence-sx8re
    @MillennialDiligence-sx8re 21 день тому +5

    And how many of the jobs they did “make” are complete BS no benefit, low wage nonsense jobs?

    • @Lenn1990
      @Lenn1990 20 днів тому +1

      @@MillennialDiligence-sx8re and for every part-time job is another person who has to be covered by our free medical coverage. Thank you, Democratic Party for your assistance and destroying the United States.

  • @SMP4433
    @SMP4433 21 день тому +9

    Bitter Truth came out

  • @yukihirasouma4691
    @yukihirasouma4691 21 день тому +5

    You really can't trust anything from the current administration. 😂

  • @djfrankib45
    @djfrankib45 20 днів тому +2

    Mr. Magoo could see the numbers they reported were inaccurate. 😂

  • @donnanorris4733
    @donnanorris4733 21 день тому +5

    The lies continue. What will the excuse be this week?

  • @Lenn1990
    @Lenn1990 21 день тому +3

    A real job is at least eight hours a day not a part-time job three or four hours. I wonder what the rate of real eight hour jobs is I know it is getting less and less every year. They’re probably including Uber jobs lift jobs. Uber eats you name it and they call them jobs.

    • @bin100it
      @bin100it 21 день тому +1

      @@Lenn1990 i get what you’re saying but a job is a job think about all the jobs that are 1099 that aren’t included in that number it’s plenty of jobs for those who are determined. Let’s not forget about the work from home jobs, people refuse to go back to working in office after being required to. also people from other countries are incentivized to come work in america and get degrees as well.

  • @appleztooranges
    @appleztooranges 21 день тому +3

    Yet stocks are climbing

    • @trucker202
      @trucker202 21 день тому +1

      @@appleztooranges
      jobs loss is great for stocks.... more profit

    • @appleztooranges
      @appleztooranges 21 день тому

      @@trucker202 let’s keep it crashing

    • @Lybrel
      @Lybrel 21 день тому

      Yet? Fewer salaries more income

  • @rashaidirvin6541
    @rashaidirvin6541 21 день тому +1

    Great news, this means that the fed will definitely cut interest rates and send the market up🎉🎉🎉….sorry for those not in the market 😢

  • @shanesprecher8290
    @shanesprecher8290 20 днів тому

    I think part of it is alot of jobs are pobably coming from the gig economy. Some gig workers may be working a couple different jobs each day. The BLS may be looking at the gig worker as multiple new hires versus a single person with muliple jobs. The economy is a sham considering what it was when I was growing up in the 80's.

  • @OpenDoorEnglish
    @OpenDoorEnglish 21 день тому

    All the lazy digital nomads got fired for lazing around and refusing to go to work.

  • @Jrswazy585
    @Jrswazy585 20 днів тому

    “Men lie, women lie, numbers don’t” America is cooked !! You can’t even leva r your house a individual without spending $40-100 and if you have kids I don’t see how your making it

  • @preciousrutlin
    @preciousrutlin 20 днів тому

    Thank you for posting this video

  • @evelynhart7706
    @evelynhart7706 21 день тому +1

    Yes I think they’re playing with the numbers

  • @yusefameen5308
    @yusefameen5308 20 днів тому

    Could this mean that inflation has not been as high as reported? Is it justified to have interest rates so high for this long?

  • @MillennialDiligence-sx8re
    @MillennialDiligence-sx8re 21 день тому

    If the numbers are always being revised and cooked, of what use are the numbers?

  • @antoniobrown1616
    @antoniobrown1616 21 день тому

    The unemployment numbers are always off just not this much. That is why they get 3 tries...LOL. This almost assures a rate cut. Prudent cut to help to continue to weaken inflation would be 25 bps... popular cut would be 50 bps. I am hoping for 25 bps each of the remaining meetings in 2024

  • @TheLovely990
    @TheLovely990 13 днів тому

    Great info. This happens a lot, but releasing it now is all political, in my opinion. Also, this will justify cutting rates.

  • @gizzelleboccia1806
    @gizzelleboccia1806 20 днів тому

    We did it Joe

  • @LuxuryOption4756
    @LuxuryOption4756 21 день тому

    Ahhh. The shenanigans of the political class continues. Yes, the numbers are fudged/manipulated and have been for a long time. This is why people can't find work when the unemployment is 'low'. Thanks for spotlighting this issue.

  • @LeeviZeph
    @LeeviZeph 19 днів тому

    So, is that means the stock market will crash? i need it to crash, because i have a pile of cash ready to invest in stocks at a discount price 😂😂

  • @bin100it
    @bin100it 21 день тому +6

    jobs are being replaced with technology, the people who want jobs have them in my opinion

  • @1tpmg
    @1tpmg 21 день тому

    God help us !

  • @andrewdalessandro9277
    @andrewdalessandro9277 21 день тому +10

    Figures never lie liars always figure . Largest decrease since 2009 Trump 2024🇺🇸🇺🇸

  • @mamzellilooo
    @mamzellilooo 21 день тому +5

    Thanks for the continuous update! I am super excited about how I earning more income and stop depending on the government. My family are happy once again and I can now afford anything for my family even with my Retirement. consistently earning $25k weekly returns has been life changing, after so much struggles.

    • @babytruca02
      @babytruca02 21 день тому +1

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    • @mamzellilooo
      @mamzellilooo 21 день тому

      @@babytruca02Maria Angelina Alexander I really appreciate her efforts and transparency.

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      @mamzellilooo 21 день тому +1

      I gave her my first savings and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

    • @mamzellilooo
      @mamzellilooo 21 день тому +1

      My outlook on money changed when I realized that is better to invest on or before retirement, some people are just putting $15k or $20k With the current market movement at the end of the year they are making millions.

    • @KuramaUchiha-id1ow
      @KuramaUchiha-id1ow 21 день тому

      You're correct!! I make a lot of money without relying on the government.
      Investing in stocks and digital currencies is beneficial at this moment.