Private sector lost 33k jobs, badly missing expectations of 100k increase

Re:Private sector lost 33k jobs, badly missing expectations ... by shusaku on Wednesday July 02, 2025 @07:13PM (#44449824)

The more I look at that chart the stranger it gets. It feels like a good case for concluding CPI isn’t calculated properly

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Re:Private sector lost 33k jobs, badly missing expectations ... by twoodfin on Wednesday July 02, 2025 @07:21PM (#44449875)

Why?

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Re:Private sector lost 33k jobs, badly missing expectations ... by gruez on Wednesday July 02, 2025 @10:41PM (#44451121)

If you're talking about the spike in Q1 2020, there's nothing weird going on. That's from all the service workers getting laid off, which bumps up the average because they're typically lower paid, and no longer drag down the "employed" average.

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Re:Private sector lost 33k jobs, badly missing expectations ... by vitorgrs on Thursday July 03, 2025 @01:04AM (#44451789)

Also, does it count the COVID checks?

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Re:Private sector lost 33k jobs, badly missing expectations ... by gruez on Thursday July 03, 2025 @09:12AM (#44454693)

>The usual weekly earnings data reflect only wage and salary earnings from work, not gross income from all sources. These data do not include the cash value of benefits such as employer-provided health insurance.

https://www.bls.gov/cps/definitions.htm#earnings

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