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2022-01-07 09:59 by Karl Denninger
in Employment , 344 references Ignore this thread
What Jobs?
[Comments enabled]

Well well look what we have here!

Total nonfarm payroll employment rose by 199,000 in December, and the unemployment rate declined to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in leisure and hospitality, in professional and business services, in manufacturing, in construction, and in transportation and warehousing.

smiley

Uh huh.

May I remind you that ADP claimed the number was wildly higher -- by about a half-million, more or less.

So much for that.

By the claims of the BLS we are basically back to where we were in February of 2019.  That was "good times", yes?  Ok, so are we back to "good times"?  There's no need to "build back" if we're there, right?

How's that rag on your face?  Mandates?  Productive in the office? Same amount of labor input and outputs?  How about the price of a dozen eggs, a 2x4 at Home Depot, a box of nails, a roll of wire, you know, common stuff?  Or -- how about all the trucks and cars on the new car lot?  Oh wait -- there aren't any?

I talked at some length on Sticks-n-Jocks this morning about how the December report is usually one of the ones you can take the least actual information from -- in that the "adjustments" are usually the most-egregious.  Lies or simply stupid?  Who cares; the point being the data is unreliable.

Next month we will get the annual revision on the non-institutional population, which I am very much looking forward to, since there's a signal in there that has been consistent -- and is nasty, as I've been pointing out for months.  That particular data series is noisy, which is why I didn't make too much of a fuss about it until half-way through the year, and really wasn't yelling all that loud until Octoberish, but..... at some point when the "noise" is all one way you have to stop making excuses for it, so there you go.

Allegedly 3 million, more or less, or just around 2% of the working population, claimed the pandemic prevented them from working either at all or worked fewer hours.  Think about that for a minute -- the most-serious cause of death around, and worthy of all manner of restrictions and mandates, by self-reporting only prevented 2% of the working population from doing so in whole or part.

For a TWO PERCENT impact on working people -- and many of them did work to some degree, just fewer hours than desired -- we are doing this and making demands two years into it?

Isn't it time to ask if the virus is causing that impact or are we doing it on purpose with our demands?

Just remember folks: The people who "win" write the alleged "history", but unlike the so-called "victors" math never lies.

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Workerbee23
Posts: 16
Incept: 2021-09-15

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Correct, math doesn't lie.
That's why tptb have stopped teaching it in schools.
Yurtfreak
Posts: 22
Incept: 2019-09-18

Phoenix, AZ
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Thanks for the awesome ticker, as always TG.

Currently watching updates on the SCOTUS vax mandate case... I'm getting more and more pessimistic about a win... it looks like we're gonna lose this one, folks...
Superdude
Posts: 1142
Incept: 2009-06-16

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Anecdotal: Trying to hire here for 2 IT Positions. After 2 months after Job Posting only 9 resumes. 2 were ok looking. Interviewed both... blech... 1 year ago we had 100 resumes for the position and 15 interviews for one job. Times have changed. And yes we have to hire one of these 2 and not looking forward to it.
Mikeyjm2
Posts: 66
Incept: 2011-10-20

Houston, TX
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Quote:
The people who "win" write the alleged "history", but unlike the so-called "victors" math never lies.


That is something which has been playing in my mind quite prominently for the last couple of days.
Abelardlindsey
Posts: 879
Incept: 2021-03-26

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The stats next month are the tell tale ones. I look forward to them as well.

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It's all in the mitochondria.
Dbigkahunna
Posts: 137
Incept: 2010-01-10

Giant Side of Texas
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Wonder if they are figuring in the RIP's?
Was one of them for a while. But life is too short!

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Blessed, Grateful and Living a Dream
Katniss99
Posts: 104
Incept: 2012-06-05

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Sitting here listening to SCOTUS ******* argument. Sooo pissed off. Makes me sick.
Redjack
Posts: 1096
Incept: 2018-01-29

Iowa
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Superdude.

I am in the position of "Hire a body and hope it works!"

Robackrman
Posts: 288
Incept: 2021-04-07

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Thomas: "are *******s the only way to treat *****?"
Cheetah9
Posts: 473
Incept: 2021-02-15

Northern Alabama
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With the exception of Thomas (and not so sure about him either,) they're all bought and paid for. Money and blackmail works nearly every time with any fedgov. While disappointing (likely,) you should now be convinced this system of a so called constitutional republic no longer functions.

Cue the Bloodhound Gang's "Fire Water Burn"
Wd
Posts: 6
Incept: 2021-11-02

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@MarketTicker ... "How's that rag on your face? Mandates? Productive in the office? Same amount of labor input and outputs?"

I'm getting down to my last eff it's. Working at a small company that has the same opinion about the virus and the edicts as everyone else here, but, and this is where it's finally got personal for me, I am going to have to travel to meet investors and potential clients. We are very small and I'm the only one at the technical level able to do it. And it's do it or the company will go under.

Being in Canada I'm not even allowed to travel domestically, no air travel, no trains, without being vaccinated. International travel is out of the question without the vaccination.

So I have a choice to make. It will be an informed one in either case. I can put this off for a year for reasons but it's not going away. I'm sixty years old and just tired of this ****. And my heart is just not in my work any more. Even though what we are doing at this company would have grabbed 200% and had my total focus even 10 years ago. And even with the potential financial payoff I really don't care.

Oh, MT. I pointed this site to two people who I thought might be interested in your work. Both complained about the site design being like something from 1999 and wouldn't deign to read anything you post here. Vox Day is right. Most people are idiots.
Vooker
Posts: 56
Incept: 2021-09-16

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Today's SCOTUS hearing is revealing to me just how lost we are as a Country. The questions being asked by the judges show how truly uninformed, either real or pretend, they are. How can a person like myself understand the issues at hand better than the highest power in the land? Why is this happening? Evil, mental illness, some sort of unknown soul takeover, ignorance, stupidity, actual small brain power? Simply can't wrap my mind around the absurdity of it all. How did we ever build these complex structures and systems all around us? Couldn't duplicate 10% of it today with the current mentality.
Tickerguy
Posts: 180229
Incept: 2007-06-26
A True American Patriot!
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@Wd -
Quote:
Oh, MT. I pointed this site to two people who I thought might be interested in your work. Both complained about the site design being like something from 1999 and wouldn't deign to read anything you post here.

That's intentional. Specifically, it is designed to be parsimonious with need on both the server and client end. You'll note there are NO javascript or similar things found. That's not because I couldn't make it "prettier" with them -- it's because not using them means you don't need to load and process them and they add nothing to the quality of the content but impose cost on everyone, including myself in terms of maintenance and bug-chasing.

Well?

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I don't give a flying **** if you're offended.
Kennington
Posts: 217
Incept: 2013-09-12

Pittsburgh, Pa
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President "Shuffle into the Nearest Wall" says that the American Rescue plan got the economy off its back and moving again. And dont forget, we got schools open, we got booster shots, we brought down the poverty rate (20 million to 2 million today). America is back to work folks! The Biden economic plan is working.

And contrary to whatever Karl says, President Popped His Pants says the economy as a whole is better today than it was before the pandemic...also something in there about lowering health care costs and keeping police officers and fire fighters on the job as well.

Plus, and this is a big plus, after quick change in his depends, he has a 3-part plan.

1) Fixing the supply chain- Grinch did not steal Christmas or votes (he really did say that).
2) Protecting consumers and promoting competition - Giant Companies are at fault for inflation
3) Lowering kitchen table costs with his Build Back Better Act - he's talking about costs that dont need to be a burden (I've sure got a bunch of those, keep talking Joe). Were going to reduce the necessities that families have to pay from prescription drugs, to health care (I thought Obama did that but its been a while), child care and caring for love ones. 2 million people can't return to work because they cant afford child care folks!!! Sing it out...Coach Booty, Red Blazer, sing along with me (Basketball Jones reference there).

It seems to me that what we need is more pandemics in the future so that we can eventually solve all of our needs people...
Bzelbob
Posts: 156
Incept: 2021-09-12

Jacksonville
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@Tickerguy
Quote:
You'll note there are NO javascript or similar things found.

From one IT guy to another, thanks!smiley

Some websites *really* abuse loading javascript libraries. Even minified, it all adds up!

..Not to mention keeping all the libraries up-to-date ..good f'in luck with that! smiley
..And not all devices can even use the javascript!
..And some bastards ISPs modify the js in transit! smiley

Related for those who want to know:

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"Threats are illogical. And payment is usually expensive." - Sarek of Vulcan
Tickerguy
Posts: 180229
Incept: 2007-06-26
A True American Patriot!
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Yep.

There is NOTHING but standard HTML emitted here. Period.

I have long toyed with using HTML5's capacity to do certain things BUT there are problems with that. I DO use it in HomeDaemon's internal period web server, for example, to do "live" updates of status via HTML5's "text/event-stream" content capacity.

BUT..... how would that actually enhance the content here?

It wouldn't.

But what it WOULD do is keep a connection open to the user's device after a page was rendered to provide said update. The server has a finite number of such file handles available. Therefore it would have to decide when to force a disconnect (and presumably reconnect) since the resources are finite but the number of people potentially reading page(s) at a given time is not.

In the case of HomeDaemon there is no balance test, since the number of potential users on a given house (for example) is vastly smaller than the number of available file handles on the server in question, AND the immediate presentation of status changes is in fact the ENTIRE POINT of a real-time status page.

Apples and footballs.

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I don't give a flying **** if you're offended.

Omegapoint
Posts: 155
Incept: 2020-12-26

San Diego
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The lack of accurate information regarding ***** by some of the Supreme Court is absolutely stunning. Good God, we are in deep sh!t.

Here's how the case should be argued to strike down the mandates.

Let's see.

  • Is ***** an existential threat. No - Chances of death from the virus are much smaller than 1% and that includes those with commodities. If you are healthy, the chances of death from the virus are close to 0%.
  • Do the *******s work? No - They don't prevent you from catching ***** or spreading it.
  • Are the *******s safe? No - They have more reported adverse effects than all other *******s combined going back several decades. We also know that the reported adverse effects are underreported and may be underreported by as much as 90%.


So, there is:

  1. No existential threat
  2. The *******s don't prevent you from catching *****
  3. The *******s don't prevent those sick with ***** from infecting others
  4. The *******s are more dangerous, in their short history, than all other *******s in the past several decades combined.


What's the point of these mandates? It certainly is not for health. Case closed.
Veeger
Posts: 193
Incept: 2013-02-13

Washington state
Online
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It's kind of funny... I was thinking this very morning, as I opened the site, (while waiting for the cappuccino machine to heat), how very user friendly and clean this site was. I love that simply clicking on New Posts/CNew, gets me immediately to any new comments or posts. Click there and if a new article has been added, not only to I get to see it, but the comments section is already there without having to make another click anywhere.

I am not surprised, simply appreciative. As you say the fru-fru stuff doesn't add to content value and there are no barriers or frustrations to get to what matters.

Big thumbs up!

Now, as for the Supremes....well, I'm crying here,... with rage and frustration (the crying is figurative, the rage and frustration, not so much)
Robackrman
Posts: 288
Incept: 2021-04-07

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The architecture of this site is outstanding.
Diogenes_17
Posts: 45
Incept: 2021-02-15

Georgia
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That's some Kim Jong-Il level propaganda.

Hell, why not say unemployment is 0.0? Let the good times roll. Break out the bathtub gin!
K5555
Posts: 34
Incept: 2021-04-18

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@Superdude, anecdote for anecdote, I had all of exactly three applicants and had to hire one in the last couple weeks. No mandates or anything, either. I guess if someone wants to break into the technology field for some unknown reason, now might be a good time.
Pika-steph
Posts: 57061
Incept: 2007-09-11
A True American Patriot!
Live Free Or Die; US Army Est. 1775
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@Superdude - I am seeing quite a few posts like yours recently. What I currently cannot grasp is what I am seeing from my end. I lost my job of 20 years, first down to much fewer hours due to the courts being closed and work slowing down during and post-lock-down, and then I lost it entirely (along with my entire family's health insurance) when my formerly completely-anti-vax, leftist employer suddenly became pro-vax with the new administration and told me I would not be allowed back in the office because I wouldn't get vaccinated. I have been looking on and off for the past year. I am finding the pay scale has literally cratered in my line of work and similar. I am being offered $20/hour for my 35+ years of experience as a paralegal. I am consistently seeing the number of applicants for jobs exceed 100. And of course, now at least half the jobs I am seeing require the jab.

I can make $15/hour at the local Wendy's.

I do not understand what I am seeing here. What I do know is that our formerly very stable debt:income ratio has become entirely untenable (with our only debt being a very small amount left on our mortgage at a very low monthly PITI). The loss of my wages, health insurance, costs of gasoline, utilities, and food has created the perfect storm resulting in having to cash out and downsize ASAP. We are fortunate in that this is an option for us.

I the sector in which I have worked for 35+ years all I am seeing is massive wage deflation. Makes little sense in the face of the massive price inflation everywhere. I am seeing no shortage of applicants for these jobs at all. If anything for each one posted, it's a stampede.

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"Obama is the dark-center of the anal fissure of a chancre infested, hemorrhoid laden ******* preparing to pucker and spew endless jets of diarrhea."--Chthonic
Precision37
Posts: 81
Incept: 2014-02-27

NH
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I have an old Compac computer from about 2001 running xp and using a very outdated version of Internet explorer that I keep old business emails on. This site works great on that machine. It's about the only site I can access with it.
Gavilan
Posts: 126
Incept: 2014-01-01

land of mañana
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I love the cleanness of this site.
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