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[Tigeraholic1]

48 minutes ago, Screwball said:

One can always read the actual report;

From the BLS: BLS Employment report - released today at 8:30 am

At the very top;

  ______________________________________________________________________________________________
 |												|
 |                                  Hurricanes Helene and Milton				|
 |												|
 | October data from the household and establishment surveys are the first collected since	|
 | Hurricanes Helene and Milton struck the United States. These hurricanes caused severe	|
 | damage in the southeast portion of the country. See the notes at the end of this news	|
 | release for more information.								|
 |______________________________________________________________________________________________|

  At the end;

 ______________________________________________________________________________________________
 |												|
 |                                Hurricanes Helene and Milton 				        |
 |												|
 | Hurricane Helene made landfall on Florida’s Gulf Coast on September 26, 2024, and then	|
 | tracked north into several other states. This was before the October reference periods for	|
 | both the household and establishment surveys. 						|
 | 												|
 | Hurricane Milton struck Florida on October 9, 2024, during the reference periods for both	|
 | surveys. Prior to the storm’s landfall, there were large-scale evacuations of Florida	|
 | residents.											|
 |												|
 | In October, the household survey was conducted largely according to standard procedures,	|
 | and response rates were within normal ranges.						|
 |												|
 | The initial establishment survey collection rate for October was well below average.		|
 | However, collection rates were similar in storm-affected areas and unaffected areas. A	|
 | larger influence on the October collection rate for establishment data was the timing and	|
 | length of the collection period. This period, which can range from 10 to 16 days, lasted	|
 | 10 days in October and was completed several days before the end of the month. 		|
 |												|
 | No changes were made to either the establishment or household survey estimation procedures	|
 | for the October data. It is likely that payroll employment estimates in some industries	|
 | were affected by the hurricanes; however, it is not possible to quantify the net effect on	|
 | the over-the-month change in national employment, hours, or earnings estimates because the	|
 | establishment survey is not designed to isolate effects from extreme weather events. There	|
 | was no discernible effect on the national unemployment rate from the household survey. 	|
 |												|
 | For information on how unusually severe weather can affect employment and hours estimates,	|
 | see the Frequently Asked Questions section of this news release. 				|
 |												|
 | BLS will release the state estimates of employment and unemployment for October on		|
 | November 19, 2024, at 10:00 a.m. (ET).							|
 |______________________________________________________________________________________________|

U-6 at 7.7 percent (see table A-15). No matter how you slice it, a dismal report.

 

Most folks here wear horse blinders unless it makes their argument look legit.

[Hongbit]

1 hour ago, Screwball said:

One can always read the actual report;

From the BLS: BLS Employment report - released today at 8:30 am

oyment for October on | | November 19, 2024, at 10:00 a.m. (ET). | |______________________________________________________________________________________________|

U-6 at 7.7 percent (see table A-15). No matter how you slice it, a dismal report.

 

Another sneaky trick the BLS uses to deceive is rounding the data. 

The rounded Unemployment Rate reported and gobbled by media was 4.1% which was flat from last month.   

September’s actual number was 4.051 which they rounded all the way to 4.1% This month’s actual number was 4.14 which they rounded down.   So the reality is that unemployment rate rose by nearly a tenth instead of flat as reported.

[Screwball]

The U-7 is a better indicator than the U-3, which is the 4.1. Until the next report and various revisions.

[Screwball]

52 minutes ago, Tigeraholic1 said:

Most folks here wear horse blinders unless it makes their argument look legit.

I read people on the net blaming that and the Boeing thing. It doesn't matter, the numbers are what they are. And look at the market reaction - booming stocks today - bad news is good news. JaPo to the rescue. When you have nothing but a printer....