From ROINJ:
New Jersey payrolls decline in August; unemployment rate at 4.8%
New Jersey recorded a decrease of 4,400 jobs between July and August, bringing the seasonally adjusted total to 4,369,400 jobs, according to Thursday estimates released by the U.S. Bureau of Labor Statistics.
The state’s unemployment rate ticked up by a tenth of a percentage point, to 4.8% in August.
In August, gains in the private sector were seen in four out of nine private industries. Sectors that recorded job gains include education and health services (+1,000), manufacturing (+900), financial activities (+900) and leisure and hospitality (+200).
Sectors that recorded employment losses included professional and business services (-2,700), construction (-1,600), trade, transportation and utilities (-500), other services (-400) and information (-200). Public-sector jobs decreased by 2,000 for August, mostly at the local level.
Over the past 12 months, New Jersey has added 49,600 nonfarm jobs. About 86% of those gains were in the private sector, with four out of nine private sector industries recording a gain between August 2023 and August.
Number 1
Happy Saturday. Take your ozempic.
https://www.reddit.com/r/TikTokCringe/comments/1flv9i1/an_average_american_day/
Minus 1,600 on the construction side… no housing increase to serve the populace? And professional and business services down 2,700 in one month. All in all, it appears that bounce back jobs are being reevaluated and trimming will increase. Tighten your life preserver vest.
Eddie,
Time to open the floodgates and drop the interest rate to zero.
Let it rip!
The right’s fascism problem
By IAN WARD 05/21/2024 07:00 PM EDT
Since Donald Trump emerged on the national political scene in 2015, journalists and pundits have been debating whether it’s appropriate to compare him and the MAGA movement to the fascist movements of 20th-century Europe — and, more specifically, to the Nazism that gained traction in Germany throughout the 1920s. Some of Trump’s critics — including Biden’s campaign — argue that Trump’s incendiary rhetoric and authoritarian behavior justify the comparison. Meanwhile, Trump’s defenders — and even some of his more historically-minded critics — argue that the comparison is ahistorical; that he’s not a true fascist.
Yet the ongoing “f-word debate” seems to ignore one key dynamic: Trump and his campaign keep inviting the comparison themselves.
Trump’s latest self-inflicted juxtaposition came on Monday evening, when Trump’s official Truth Social account shared a pro-Trump video containing a reference to the “unified reich” — echoing the term that Adolf Hitler and the Nazi party used to refer to the fascist empire that they aspired to create before the Second World War. The video was deleted from Trump’s account, and a Trump campaign spokesperson promptly stepped in to clarify that the clip was “not an [official] campaign video,” adding that it was “reposted by a staffer who clearly did not see the word.”
Going to enjoy some fresh air but remember, “The children of the community are the children of the community!”
It’s imperative that you’re unburdened by this fact!
Fast: Will you be adding any new Chex Mix flavors for Fall, like Pumpkin Spice?
I was laughed at for saying this exact same thing 3 years ago on this very forum. What did I say? Wait till the labor market tightens….i said it was a product of a Goldilocks labor market for white collar. That era is dead…ai says so.
Sorry I don’t make the rules. Don’t hate the messenger. I was correct from day 1…give some respect.
“The work from home free-for-all is coming to an end.
Amazon CEO Andy Jassy this week issued a surprise memo calling corporate staffers back to the office full time, upending a part-time remote work truce between bosses and workers that has largely been unchallenged in the 4½ years since Covid-19 sent people home. The few companies that have returned to full-time, in-person work have thus far been outliers. But a tougher labor market, especially for white-collar professionals, is changing the calculus, report WSJ’s Vanessa Fuhrmans, Katherine Bindley and Chip Cutter. Some executives predict more full-time office mandates will now follow Amazon’s.”
-wsj
Another call by pumps that looked like it had zero chance of happening, yet here we are. Never backed down…
The economy is great under President Biden!
President Harris will fix the economy!
Spoke to my friends in the Amazon Office in NYC. They have been 2 days in for a while now hybrid. They do not expect that to change in January.
How’s your pancake in a can and DNA investments doing?
Hold,
I’m not perfect or some god. I get stuff wrong. Just some avg joe who made some nice calls on this blog.
Waited a long time for this window of opportunity. Don’t blow it by taking no risk or becoming addicted to making money. Take advantage, but find balance.
“Money Addiction Will Rise
Once you hit 40, you’ve likely experienced enough economic boom-and-bust cycles to start sensing what’s next. With the Fed cutting by 50 basis points instead of 25, there’s a chance they’re seeing something more troubling in the economy than the public knows.
But I wouldn’t worry too much. If there is a downturn, it likely won’t be as bad as the 2007–2009 global financial crisis (my personal lessons learned since then). That’s the upside of having experienced the worst—the next downturn won’t feel as severe. As a result, you’re less likely to make panic-driven financial decisions.
What I foresee over the next two years is a rise in money addiction, which some of you may not even realize you have! As interest rates drop, economic activity will increase as consumers and corporations borrow to spend and expand. In turn, we could see asset prices rise, incomes grow, and hiring increase.
As you begin making more money from work and investments, you may feel an irresistible pull to work longer hours and take on more risk. For some of you, this will be a fantastic environment. For others with addictive tendencies, not so much.
If you’re not careful, the pursuit of more money could lead you to overly sacrifice your health, friendships, and family, to the point of no return.
We’re still at the start of a long interest rate cut cycle, so there’s plenty of time to plan ahead. However, things move quickly nowadays. Beware.”
Fast: Will you be adding any new Chex Mix flavors for Fall, like Pumpkin Spice?
Nothing planned for the Fall but maybe Halloween bags of bourbon-soaked Chex Mix. I’ll post videos on s0cial media of the drunken little bastards staggering up the street. Listen, if I’m going to the trouble of putting my time and money into these ventures, I need be entertained.
Fast: You are doing more than most people. You are very kind. As a suggestion perhaps you could offer stuffing mix in November.
Mike Valentine died. A man of the people. a time when you could call someone at a company and the owner would actually pick up the phone. He did God‘s work and saved his customers billions of dollars plus avoided interactions with some of the most hostile beings on earth. RIP Mike GOAT.
Not so long ago, there were a few words that went hand in hand with tech workers. Job-hopping. Pay bump. Perks. Work from anywhere.
These days? Try résumé-blasting, job-hustling, pavement-pounding and—in the case of Amazon workers and the RTO announcement heard round the world—returning to the office five days a week.
Oh how their fortunes have changed.
In some ways, people in tech who weren’t old enough to live through the dot-com bust are just experiencing the natural ebbs and flows of the economy. There has been a downturn and along with it, a change to the way tech companies conduct themselves. Growth at all costs is no longer a standard operating procedure. In its place, despite continued strong profits, is cost monitoring and the shifting of resources toward AI.
It remains to be seen how many jobs AI will kill—or create—and what the market will look like years from now. What we do know, for now, is that there’s a group of people who went from being hoarded like Pokémon cards to being laid off, unable to find work and wondering how they’ll make their mortgage payments. And even those who feel secure in their jobs are feeling other pinches…like that five-day return to office.
-wsj