Yesterday 7:20 am
Vegas » Yesterday, 3:14 pm » wrote: ↑ @Cannonpointer please kindly determine if I adequately supported my argument about the senile pedo's reporting of job creation with respect to gross and net jobs.
If I did, then @Blackvegetable agreed to impale himself with an Olympic grade javelin. He agreed that he would do it in a very slow and agonizing manner. Like 1 cm per hour.
1. Job Creation:
The numbers from the Senile Pedo and the Ho didn't reflect the gross, only the net job creation. Their job creation figure typically reflects net jobs added only. The problem with that is that this figure does not account for jobs that were lost during the same period or workers who exited the labor market entirely. Some industries have experienced significant job losses that are overshadowed by growth in other areas. AI being one example of the growth that overshadowed the loss of manufacturing jobs. However, only the AI jobs were counted, while not accounting for the loss of manufacturing jobs. That's just one example uthat happened under the senile pedo and Ho. A focus on job creation without accounting for the quality or sustainability of these jobs skews the perception of the labor market's true health.
That's the way both surveys work. And have for decades. A change in administrations doesn't change the methodologies.The numbers from the Senile Pedo and the Ho didn't reflect the gross, only the net job creation.
Both ask respondents for status at a point in time...it is binary - you are either employed (under the definitions of each of the two surveys), or you are not.
The number is then compared with that from the previous period.
There's little statistical value in a gross number of jobs "created"...the value is in the number of people employed.
It's not "theirs"....it's BLS's.Their job creation figure typically reflects net jobs added only.
Of course it does, you dumb ****...it is why it is "NET".The problem with that is that this figure does not account for jobs that were lost during the same period
Cretin.
@Cannonpointer