Jobs Report Sinks The Stock Market: Here's What Happened

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[mickygarcia]

I work in a building that is almost entirely empty. I just completed a job, closing another office location. Every day I'm watching the Tech sector dropping tens of thousands of employees almost every day. Big Lots is going out of business, the Dollar Stores are unable to make a profit and McDonalds is back to a $5.00 menu. The statistical data is a load of lies. I know couples who both have 2nd jobs in order to pay their bills. If you take 1 full time job and divide it into 3 part time jobs, then we aren't adding jobs... we're dividing them up.

[topclips]

This is how deeply indebted companies are when interest rates are more important than employment.

[parkerberlin]

I live in phoenix, AZ. Our largest building downtown is the Chase building, 40 floors. It's completely empty. In fact its chain linked fence around its perimeter. The Government and the FED are fudging the numbers

[OneManBanned-MarcTaylor]

Does anyone actually believe the official employment figures? They've been overstating jobs numbers and then revising them lower for the past year.

[brasethsem]

I appreciate that you suggested Alice Lee Chen Financials in one of your videos. She was contacted, and working with her on investments has been fantastic.

[anjijack]

Here's what happened to me the last Qtr of 2024. I was laid-off from my Fortune5 corporate technology position, along with 3000 of my fellow colleagues. I was in upper management. My last day of active work was October 18th. But, I was getting a regular paycheck until my employment technically ended December 7th, and my severance pay kicked in. I promise you, based on this alone, unemployment will go up (on paper anyway) 1st QTR of 2025, because of this delayed reporting. Side note: In August of 2023, this same company laid off 5, 000 employees. And most likely hit the report with delayed data then, too. Stay strong and prayed up, folks.

[jpcarsmedia]

Just holding and ignoring the news 🤷‍♂️

[grumpyschnauzer]

I applied for a job. The job came back rejecting my application and saying they already moved forward with another one. Then I got a message from the third party website a couple of weeks later that the same job would be a good match for me... this implying that the job was still open and available. So I send a message back asking if this is a real listing and if this company is actually intending to hire... these reports are erroneous. Look around at the people living on the streets, in RVs and losing their homes... the government can't tell me unemployment had gone down. We've been in a deep depression since 2019. I've been applying for jobs for over a year now.

[BOSSDONMAN]

Unemployment is a meaningless statistics.
- Does nothing to measure underemployment
- Counts part-time workers as equally employed as FT workers
- Doesn't count someone as unemployed if they couldn't find a job after six months

[brianminster]

We added large numbers of Healthcare jobs and government jobs (inflationary). The retail jobs are seasonal and part-time and we are loosing manufacturing jobs. This is clearly not a sign of a healthy economy.

[KAZHE]

Macy’s closing stores, Big Lots, Kohl’s, Walgreens, Game Stop, JoAnn Fabric. This is a lot of job loss!

[deadfullyawesome]

Man this guys the best. No speculation or bs.

I feel like he embodies the disappointed Asian dad when he talks about the feds😂

Also killing it with the tie game

[VITDubya]

Don’t worry, .GOV likes to “revise” the results a couple months after, giving us the “real news”…

[zxturbo]

How many jobs were private sector jobs and how many were government jobs. Government jobs are not a good indicator of economic health.

[jeffreydurrance]

I don't believe the first thing the FED has to say, especially about employment

[teddyfulk]

Where are they getting these numbers from? I’ve applied to 600 plus job over the past 12 months, talked to 20 recruiters, changed my resume, been diligent. All I get is ghosted. I just don’t get how they’re getting these numbers

[reinaldogarcia]

don't believe the lies With all the stores closing this year, there's gonna be a lot of unemployment.

Party city, Big lots and alot more

[GrahamJoh]

I'm seeking advice on my investment strategy. I recently shifted my 3-fund portfolio (33% S&P, 33% Total Stock, and 33% International) to 100% stocks for maximum growth. However, I'm concerned about the overlap between S&P 500 and Total Stock Market. Unfortunately, I've been experiencing losses for a month, which is causing significant stress. As someone who works hard for their money, investment anxieties are taking a toll. I'm torn between cutting my losses and riding out the volatility.

[loum]

ABC reported this and I laughed my ass off.This corrupt market just makes excuses for this shit.They also stated the economy was great😅TY for the info Brian.

[tonyd]

Here’s the problem with the jobs report! 90% of those jobs do not pay a wage one can live on. So the job report actually sucks!