Job Market Illusion (2024) - Employment Much Worse than what they're telling us! 3-Key Data Points
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- Опубліковано 4 тра 2024
- Here we take a deep dive into the lesser discussed data sets to uncover the truth in the jobs market, telling us, we are right to trust our instincts.
we haven't had a job for a year
Take the L out of BLS. Many say it misrepresents the real numbers.
Hi. Maybe a quick sentence on what do terms like "separation" etc mean when they are first mentioned would be great. Also maybe you can throw in a quick sentence or your explanation about what it means when hires are more than open roles. It makes the video easier to follow for people that aren't already reading such data.
Thank you for the feedback, we'll certainly do our best to explain the terminology clearly.
I can’t even find jobs to apply to! Where are all of these 10m openings. Are they locked up in a vault somewhere
You're not alone. There are many in the same position.
Only part time jobs or government jobs here.
Market is rallying but it does not look good under the hood. Your infographics paint the picture very well
Thank you)
Excellent analysis. Thank you.
Glad you liked it!
Great stuff! One quibble. I believe the economy was headed for a recession in 2017-2019. Though the data looked better then, compared to the last few years, using data from a better growth period would have told the story more starkly. Look forward to watching more of your videos!
Thank you are correct. Comparing current conditions to the very strong economy of 2007 would really highlight the divergence. But even 2019 stands out compared to today. That really says something about where we are.
Interesting!
Much appreciated)
175k gain isn't good? 3.9% is terrible because it should be HIGHER to be normal... JOLTS is still at 8M... precovid 6M was considered extreme.
Slide to the downside in wages is good since that's what's stoking inflation. This is still a very tight labor market for employers.
All great points, thank you