Yes, the jobs report was "good" -- or was it? Not really; the gross number was wildly below expectations. Then again August is usually a firing month -- specifically, all the summer help from teens still in school typically are let go because they have to go back to High School. That's normal. In addition the "decline" in unemployment was from over a million people exiting the labor force, which mathematically makes the jobless rate fall -- it was not from net job additions, because in fact, on a non-adjusted basis over 300,000 jobs were lost.
What's not normal is what's showing up here.
This has never happened before across more than 20 years. I have this data table going back to 1999.
What you're looking at is the rolling 12-month non-institutionalized population 16 years of age and older. It has fluctuated from time to time as little baby "booms" and "busts" occur, and aligned very closely in that regard with good and bad economic conditions generally (no surprise) with a 16-17 year lag. Why? Because it takes 9 months to make a child and then 16 before they show up in this number.
16-17 years ago we were exiting the nasty tech wreck. It was "the best of times", to put it mildly. Jobs were plentiful, the economy was roaring back post 9/11 stimulus, and life was good. Very good, in fact; we were just entering the housing bubble boom with stocks and all other manner of economic "progress", as perceived by people, in a never been better state of mind.
So no, people didn't decide not to have sex for the benefit of children during that period. To the contrary; they screwed like rabbits, as has repeatedly been demonstrated in this table.
Once you reach 16 years of age there are only three ways you get out of this count:
1. You become institutionalized; that means prison or a nursing home.
2. You leave the United States entirely. That's not happening, net-net, is it? Southern border anyone?
3. You DIE.
Those are the only three ways.
What did we start doing in January of 2021 that might have impacted one of those three?
Again -- good economy, bad economy, look back 16-17 years and the correlation is clear -- but at no time back to 1999 can you find a time when that 12-month rolling figure has gone under 1 million. It has never happened before in the modern era.
Oh, there's another problem: Employment in health care was flat. So much for being "prepared" or "hiring" into a surge of demand for said services! Uh, what seems to be the problem there and is policy and forced terminations for refusal to comply playing into that, net-net? It sure looks like it to me when for the last several years the average monthly add in health care has been about 30,000 jobs per month.
Between these two you have a BIG red flashing light folks, any time you get something that has never occurred before it automatically goes into the "heh, that's not cool" bucket and, if we had honest people in the media there would be a lot of folks trying to get the "why" question answered in a defensible and documented fashion.