Thu Sep 5, 2019, 09:47 AM
at140 (5,436 posts)
Survey: Businesses added a solid 195,000 jobs in AugustSurvey: Businesses added a solid 195,000 jobs in August By CHRISTOPHER RUGABER an hour ago In this Aug. 15, 2019, photo a "Now hiring" sign is displayed on the front door of a Staples store in Manchester, N.H. On Thursday, Sept. 5, payroll processor ADP reports how many jobs private employers added in August. (AP Photo/Charles Krupa) WASHINGTON (AP) — U.S. businesses added a healthy 195,000 jobs last month, a sign companies are still hiring at a solid pace despite the Trump administration’s trade war with China. Payroll processor ADP said Thursday that hiring occurred broadly among small, medium-sized and large businesses, compared with recent months when large firms had dominated. Health care, restaurants and hotels, and professional services all added jobs at a robust pace. Manufacturing added 8,000, despite other data that shows factory output is contracting. https://www.apnews.com/530bc04c07c44c928256f82e89ce5b9e I am noticing small businesses here south of Jacksonville, FL have lots of new employees. But I miss the seasoned and experienced older employees.
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8 replies, 910 views
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Author | Time | Post |
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at140 | Sep 2019 | OP |
mahatmakanejeeves | Sep 2019 | #1 | |
at140 | Sep 2019 | #2 | |
mahatmakanejeeves | Sep 2019 | #3 | |
Farmer-Rick | Sep 2019 | #4 | |
at140 | Sep 2019 | #6 | |
Farmer-Rick | Sep 2019 | #7 | |
at140 | Sep 2019 | #8 | |
mahatmakanejeeves | Sep 2019 | #5 |
Response to at140 (Original post)
Thu Sep 5, 2019, 09:58 AM
mahatmakanejeeves (35,029 posts)
1. Good morning. Thanks for the thread. Links to earlier reports:
Response to mahatmakanejeeves (Reply #1)
Thu Sep 5, 2019, 10:24 AM
at140 (5,436 posts)
2. But the shocking revision of MINUS half a million jobs
by bureau of labor stats recently, was indeed shocking, to me anyways.
Need better modelling and better extrapolation. |
Response to at140 (Reply #2)
Thu Sep 5, 2019, 10:35 AM
mahatmakanejeeves (35,029 posts)
3. I made a post about the revision in BumRushDaShow's thread about BLS's July jobs report,
so people can refer to this when they look up the employment news.
One-stop shopping: From August 21, 2019. Adding to this thread: Announcement 2019 CES Preliminary Benchmark Revision Announcement 2019 CES Preliminary Benchmark Revision Current Employment Statistics - CES (National)
CES Preliminary Benchmark Announcement In accordance with usual practice, the Bureau of Labor Statistics (BLS) is announcing the preliminary estimate of the upcoming annual benchmark revision to the establishment survey employment series. The final benchmark revision will be issued in February 2020 with the publication of the January 2020 Employment Situation news release. Each year, the Current Employment Statistics (CES) survey employment estimates are benchmarked to comprehensive counts of employment for the month of March. These counts are derived from state unemployment insurance (UI) tax records that nearly all employers are required to file. For national CES employment series, the annual benchmark revisions over the last 10 years have averaged plus or minus two-tenths of one percent of total nonfarm employment. The preliminary estimate of the benchmark revision indicates a downward adjustment to March 2019 total nonfarm employment of -501,000 (-0.3 percent). Preliminary benchmark revisions are calculated only for the month of March 2019 for the major industry sectors in table 1. The existing employment series are not updated with the release of the preliminary benchmark estimate. The data for all CES series will be updated when the final benchmark revision is issued. Table 1 shows the March 2019 preliminary benchmark revisions by major industry sector. As is typically the case, many of the individual industry series show larger percentage revisions than the total nonfarm series, primarily because statistical sampling error is greater at more detailed levels than at an aggregated level. {snip the charts} Last Modified Date: August 21, 2019 {more editing:} Start here to see the archival data: Current Employment Statistics - CES (National) Go over to the left hand side of the page. There's a column of topics. Go down the column: BROWSE CES SEARCH CES CES TOPICS Under CES TOPICS, click on BENCHMARK. You'll go to Current Employment Statistics - CES (National) Tables Created by BLS - Benchmark Information In that category, click on Archived Benchmark Articles They have .pdfs going back to March 2002. |
Response to at140 (Original post)
Thu Sep 5, 2019, 11:56 AM
Farmer-Rick (4,762 posts)
4. And with our 2.9% raise this year, we may have the same buying power as in the 1970s
Yeah jobs are up but now your family needs 2 to 4 of them to make ends meet. And even with those jobs, your wages won't be able to buy what you could buy in the 1970.
Yeah for a functioning economy ![]() |
Response to Farmer-Rick (Reply #4)
Sat Sep 7, 2019, 03:28 PM
at140 (5,436 posts)
6. in 1970, we had little competition from China, India & other 3rd world
countries. Now China & India can manufacture anything we can. We were a exporting nation.
Now we are a importing nation, competing with lower wage countries. Life is tough now. |
Response to at140 (Reply #6)
Sun Sep 8, 2019, 09:10 AM
Farmer-Rick (4,762 posts)
7. Yup
But why did we let this happen? We did not need to allow foreign countries that sanction things like child labor, slave labor, forced labor and prison labor to compete into our US markets. Why do we allow farm products from foreign countries that frequently use illegal cheap pesticides, additives and feeds that our farmers can not use?
Our country maintains roads, legal systems, communication systems, contract enforcement laws, energy distribution, waste disposal and sanitary conditions. These all cost money. These thing often done in partnership with for profit corporation are considered government functions. Why do we allow foreign corporations to use this infrastructure for free by letting them into our markets? Why do we give tax deductions to corporations for moving production to foreign countries? Why do we allow competition in our costly market infrastructure with countries that use unethical and illegal labor and environmental systems? Someone has made big bucks off of this unfair system. Traitor Trump and his Slovenian sex worker aren't the only grifters ruining our country. |
Response to Farmer-Rick (Reply #7)
Sun Sep 8, 2019, 11:17 AM
at140 (5,436 posts)
8. From first hand knowledge, I can tell you who sold out American workers
It is the big corporations in America. They moved manufacturing jobs to cheap labor countries to maximize bottom line profits. The outfit I worked for 23 years sold it's engineering & manufacturing know-how and experience gained over 75 years to collaborate with Chinese and move manufacturing operations to China.
Guess what? It is all legal. |
Response to at140 (Original post)
Sat Sep 7, 2019, 03:23 PM
mahatmakanejeeves (35,029 posts)