Sunday, March 10, 2024

Jason Jacoby - The Oculus Making Sense of Government Economics... | Facebook

Jason Jacoby - The Oculus Making Sense of Government Economics... | Facebook
"...I did some research first on jobs/ jobs creation/ employment numbers.
According to various sources, the US economy needs to create somewhere between 75,000 and 145,000 new jobs a month to break even, that is to match the numbers of potential new hires with a job...
Here's my issues I'm struggling with and can't find clear answers:
  • Biden claims @14.2- 14.4 million new jobs created during@36 months. 
  • However, @9.4 million are backfill from those returning from the COVID lockdown. 
  • That leaves @4. 7 over 36 months. ( Well over half are government and health care). 
  • Doing the math, that's about 130,555 a month. Is this a break even or losing or a plus side employment.
This number also doesn't include the numerous downward revisions that happen regularly.
Do second jobs count as new?...
  • How seriously should employment and labor statistics be taken at this point, as well as job creation, wages, and labor participation?...

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