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In reply to the discussion: U.S. payroll growth totals 177,000 in April, topping expectations [View all]progree
(12,250 posts)21. The reported numbers (177,000 payroll jobs, 4.2% unemployment rate) are seasonally adjusted
I found this, FWIW:
https://finance.yahoo.com/news/april-jobs-report-shows-us-labor-market-remained-resilient-in-wake-of-liberation-day-tariff-announcement-123204519.html
But Samuel Tombs, chief US economist at Pantheon Macroeconomics, argued in a note Friday that the report "provides a snapshot of labor demand in the run-up to the April 2 tariff announcements, rather than an early assessment of their impact."
"People count towards payrolls as long as they did any work in their employer's pay period which includes the 12th of the month," Tombs added.
"Nearly three-quarters of employees are paid either biweekly, semimonthly or monthly, so they would still count on April payrolls even if employers moved quickly to cut jobs after the April 2 tariff announcements. What's more, we already know from the low level of initial jobless claims in recent weeks that employers have not rushed to fire staff."
"People count towards payrolls as long as they did any work in their employer's pay period which includes the 12th of the month," Tombs added.
"Nearly three-quarters of employees are paid either biweekly, semimonthly or monthly, so they would still count on April payrolls even if employers moved quickly to cut jobs after the April 2 tariff announcements. What's more, we already know from the low level of initial jobless claims in recent weeks that employers have not rushed to fire staff."
And this from the BLS: https://bls.gov/news.release/empsit.nr0.htm
Within government, federal government employment declined by 9,000 in April and is down by 26,000 since January. (Employees on paid leave or receiving ongoing severance pay are counted as employed in the establishment survey.)
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U.S. payroll growth totals 177,000 in April, topping expectations [View all]
BumRushDaShow
May 2025
OP
Anyone but me question the validity of any numbers coming out of the ShitStains administration?
NoMoreRepugs
May 2025
#2
The reported numbers (177,000 payroll jobs, 4.2% unemployment rate) are seasonally adjusted
progree
May 2025
#21
Yes there is dirtrust in govt. accounting now more than ever which is part of the repuke plan BUT
Cheezoholic
May 2025
#12
I think that's what I said, giving reasons why. Sorry if i wasn't clear ;) n/t
Cheezoholic
May 2025
#17
Correct. Having worked on the Current Employment Statistics program for close to 35 years,
Wiz Imp
May 2025
#14
There are several problems with that. First, staff on admin leave still get paid so they haven't actually been fired.
Wiz Imp
May 2025
#29