The Stock Market Is Not The Economy Thread II

[Kaslo]

The graph says we're better! Things must be better!

I mean its possible we are better, but with news cycles that focus on the worst or fear monger you into thinking the other side will destroy everything, may just make us think we are worse off. But surely not.

[6souls]

https://www.cnbc.com/2022/02/01/ther...-december.html

There were 10.92M Job openings in December 2021.

Reflecting a tightening labor market, vacancies rose to 10.92 million, well above the FactSet estimate for 10.28 million and an increase of 1.4% from November. The rate of job openings as a share of the labor force was unchanged at 6.8%.

The “quits” level, which had soared to record highs in recent months amid a confluence of factors, slowed to 4.34 million, a decrease of 3.6%, while the quits rate edged down 0.1 percentage point to 2.9%.

There were 4.6 million more vacancies than workers considered unemployed for the month.

January, however, is expected to be a tricky month for job data as the Covid omicron variant sent millions of workers to the sidelines during the month.

″[Tuesday’s] report suggests that the latest wave of the pandemic brought on by the omicron variant didn’t fully hit the labor market in December,” said Nick Bunker, director of research for Indeed Hiring Lab.

“Demand for workers, as measured by job openings, remained robust and layoffs hit a new all-time low. But while the data suggest no major impact in December, the outlook for January is less optimistic,” Bunker said.

[archibaldcrane]

The graph says we're better! Things must be better!

https://twitter.com/gabriel_zucman/s...MmFC2hMQA&s=19

[archibaldcrane]

https://twitter.com/josh_wingrove/st...EAsHlljYg&s=19

[thetruepandagod]

whitehouse blaming covid, well i never

[6souls]

https://finance.yahoo.com/news/adp-j...131643255.html

Private payrolls down 301k in January.

U.S. private sector employment fell by 301,000 in January, ADP said in its closely watched monthly report on Wednesday. That represented the first drop in payrolls since December 2020, and came after 776,000 payrolls were added back in December, based on ADP's revised monthly print. Consensus economists had anticipated that about 180,000 private payrolls would return in January, according to Bloomberg data.

Service areas of the economy saw some of the largest declines in payrolls, with industries most vulnerable to virus-related disruptions posting some of the biggest losses. Leisure and hospitality jobs fell by more than 150,000 in January, unwinding some recent gains during the recovery. This was followed by trade, transportation and utilities jobs, which together declined by 62,000 in January. Education and health services payrolls fell by 15,000.

Private employers in goods-producing industries also shed payrolls on net during the month. Both manufacturing and construction payrolls dropped in January, by 21,000 and 10,000, respectively.

[6souls]

https://twitter.com/USDOL/status/1489229706541027337

[archibaldcrane]

Hey guys

https://twitter.com/byHeatherLong/st...4ho4_Zxew&s=19

Spoiler: show

biden boom

[archibaldcrane]

Oh and

https://twitter.com/TheStalwart/stat...RDE1WRbYw&s=19

[archibaldcrane]

We're up to September 2018 prime age labor force participation rate

https://twitter.com/TheStalwart/stat...LI8c5J-ig&s=19

[Roranora]

my age is so prime and one day soon my labor participation shall climb

[6souls]

https://twitter.com/BIRetail/status/1491051623774310400

[Boyiee]

https://twitter.com/BIRetail/status/1491051623774310400

Up 25% today and 34% on the week get that Amazon buyout.

[6souls]

Biden Boom

https://twitter.com/USDOL/status/1491453995470270466

[Gwynplaine]

IRS seeking to require a facial scan to access tax records.

https://twitter.com/drewharwell/stat...92692964913155

So they shitcanned this idea today lol.

https://twitter.com/progressntwrk/st...K1dGJ92uQ5wLfw

[6souls]

https://twitter.com/USDOL/status/1491766456585015297

[6souls]

https://apnews.com/article/business-...9765b34351773d
https://www.bls.gov/news.release/pdf/cpi.pdf

Prices have jumped to a 40-year high.

The Labor Department said Thursday that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. The acceleration of prices ranged across the economy, from food and energy to apartment rents and electricity.

When measured from December to January, inflation was 0.6%, the same as the previous month and more than economists had expected. Prices had risen 0.7% from October to November and 0.9% from September to October.

Shortages of supplies and workers, heavy doses of federal aid, ultra-low interest rates and robust consumer spending combined to send inflation leaping in the past year. And there are few signs that it will slow significantly anytime soon.

Wages are rising at the fastest pace in at least 20 years. Ports and warehouses are overwhelmed, with hundreds of workers at the ports of Los Angeles and Long Beach, the nation’s busiest, out sick last month. Many products and parts remain in short supply as a result.

Even when measured month to month, prices for a broad range of goods and services accelerated from December to January — and not just for items directly affected by the pandemic. Apartment rental costs rose 0.5% in January, the fastest pace in 20 years. Electricity prices surged 4.2% in January alone, the sharpest rise in 15 years, and are up 10.7% from a year earlier. Last month, household furniture and supplies rose 1.6%, the largest one-month increase on records dating to 1967.

Food costs, driven by pricier eggs, cereal and dairy products, increased 0.9% in January. New car prices, which have jumped during the pandemic because of a shortage of computer chips, were unchanged last month but are up 12.2% from a year ago. The surge in new-car prices has, in turn, accelerated used-car prices; they rose 1.5% in January and are up a dizzying 41% from a year ago.

[kuronosan]

Hey, Biden Boom though am I right?

Prepare for these "gains" to have accomplished nothing for your average family.

Oh. And student loan payments coming due. Great job!

[Koyangi]

Biden?

BOOM!

[Cantih]

Hey, Biden Boom though am I right?

Prepare for these "gains" to have accomplished nothing for your average family.

Oh. And student loan payments coming due. Great job!