Job numbers

[aix_xpert]

How is it that the government's reported job numbers are staggeringly high, while the private company's calculation was record-breakingly low? I know they never match because they use different methods for their calculations, but have they ever been this divergent? Both articles are even from CNBC by the same author.

January hiring was the lowest for the month on record as layoffs surged

Challenger, Gray & Christmas said planned layoffs totaled 82,307 for the month, a jump of 136% from December.

www.cnbc.com

U.S. economy added 353,000 jobs in January, much better than expected

Nonfarm payrolls were expected to increase by 185,000 in January, according to a Dow Jones consensus estimate.

www.cnbc.com

 

[2012Bearcat]

What till the revisions come out to see what the number really is. Of recent history is any ort of guide, the numbers will be dramatically lower.

 

[aix_xpert]

What till the revisions come out to see what the number really is. Of recent history is any ort of guide, the numbers will be dramatically lower.

Had to bump this following this month's job report.

U.S. job growth totaled 275,000 in February but unemployment rate rose to 3.9%

Nonfarm payrolls were expected to increase by 198,000 in February, according to the Dow Jones consensus estimate.

www.cnbc.com

February was a step higher in growth from January, which saw a steep downward revision to 229,000, from the initially reported 353,000. Job growth in December also was revised down to 290,000 from 333,000, bringing the two-month total to 167,000 fewer jobs than initially reported.

And suddenly last months data divergence makes sense.

Makes you wonder how real this month's 275K job report is given that Challenger again called it one of the worst February's on record.

Layoffs rise to the highest for any February since 2009, Challenger says

The total of 84,638 planned cuts showed an increase of 3% from January and 9% from a year ago.

www.cnbc.com

 

[EZ Reyes]

Based on my 1,000 LinkedIn connections, it looks be taking around six months to find replacement roles after being laid off. These numbers are fake AF.

 

[2012Bearcat]

Had to bump this following this month's job report.

U.S. job growth totaled 275,000 in February but unemployment rate rose to 3.9%

Nonfarm payrolls were expected to increase by 198,000 in February, according to the Dow Jones consensus estimate.

www.cnbc.com

February was a step higher in growth from January, which saw a steep downward revision to 229,000, from the initially reported 353,000. Job growth in December also was revised down to 290,000 from 333,000, bringing the two-month total to 167,000 fewer jobs than initially reported.

And suddenly last months data divergence makes sense.

Makes you wonder how real this month's 275K job report is given that Challenger again called it one of the worst February's on record.

Layoffs rise to the highest for any February since 2009, Challenger says

The total of 84,638 planned cuts showed an increase of 3% from January and 9% from a year ago.

www.cnbc.com

No need to wonder, this number is as much BS as all the other numbers put out by this administration.