Why America's economy is soaring ahead of its rivals

Re:Why America's economy is soaring ahead of its rivals by comicjk on Wednesday December 04, 2024 @06:02PM (#42323005)

What are the actual numbers you think are fantasy? Most of the time when I see someone claiming economic statistics are fake, it's a misunderstanding or lack of context. For instance, people will say the US unemployment rate is fake because it doesn't include people who have given up on looking for work... but the U-4 unemployment metric, published by the Bureau of Labor Statistics alongside the main U-3 metric, does include these people.

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Re:Why America's economy is soaring ahead of its rivals by giantg2 on Wednesday December 04, 2024 @06:27PM (#42323186)

I think the jobs numbers are somewhat fake. There are so many evergreen postings and stuff like outright fake postings.

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Re:Why America's economy is soaring ahead of its rivals by snowwrestler on Wednesday December 04, 2024 @06:38PM (#42323251)

Usually “jobs numbers” refer to actual hires, so would not be affected by fake job postings.

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Re:Why America's economy is soaring ahead of its rivals by giantg2 on Wednesday December 04, 2024 @07:44PM (#42323649)

That's not usually the ones reported on in the media. The media loves to talk about job openings and unfilled postings.

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Re:Why America's economy is soaring ahead of its rivals by albedoa on Wednesday December 04, 2024 @11:01PM (#42324837)

> Edit: why disagree?

Because it is hilariously wrong. You have been operating under the false understanding, for who knows how long, that the media are talking about job postings when they are talking about jobs numbers.

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Re:Why America's economy is soaring ahead of its rivals by giantg2 on Thursday December 05, 2024 @07:59AM (#42327792)

There are some that talk about jobs filled, others are talking about unfilled postings. I guess you can laugh at your hilariously wrong assumption while reading this article.

https://www.cnn.com/2024/10/29/economy/us-job-openings-jolts...

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Re:Why America's economy is soaring ahead of its rivals by albedoa on Thursday December 05, 2024 @12:34PM (#42330379)

That article is about job postings. You are demonstrating the same confusion again.

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Re:Why America's economy is soaring ahead of its rivals by giantg2 on Thursday December 05, 2024 @01:36PM (#42331050)

Lol OK buddy

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Re:Why America's economy is soaring ahead of its rivals by lazide on Thursday December 05, 2024 @01:27AM (#42325530)

No, those are typically estimates. For awhile now, they’ve had to be retroactively cut [https://amp.cnn.com/cnn/2024/08/21/economy/bls-jobs-revision...]

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Re:Why America's economy is soaring ahead of its rivals by snowwrestler on Thursday December 05, 2024 @08:55AM (#42328238)

“Jobs numbers” refers to both the initial reports and the later revisions.

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Re:Why America's economy is soaring ahead of its rivals by Foobar8568 on Thursday December 05, 2024 @01:14AM (#42325449)

For one, look at the evolution of the number of submissions in the threads who is hiring/wants to be hired.

While it's a local biaised, as a Swiss resident, I feel the same about the evolution of the IT job market here.

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Re:Why America's economy is soaring ahead of its rivals by rsanek on Thursday December 05, 2024 @02:03AM (#42325727)

I've been using this for years as a signal of how the market's doing. Visualized well on https://www.hnhiringtrends.com/

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Re:Why America's economy is soaring ahead of its rivals by Foobar8568 on Thursday December 05, 2024 @11:53AM (#42329913)

Many thanks, I was thinking to build something similar and try to predict stock market macro movement.

Typically, right now I am relatively bearish but I feel I am 3-6m too early.

Trend is downward for both hiring and seeker, which I would interpret as employers are hesitant to invest in IT due to current US politic unknowns, typically, the tarifs and actual impacts on economy.

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