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In reply to the discussion: U.S. payrolls rose by 178,000 in March, more than expected; unemployment at 4.3% [View all]TBF
(36,699 posts)25. Oracle fired 30K by email a couple days ago -
Meta has been terminating large amounts also. It is bad. They are using AI as a cover, but I think it's mostly because the economy is so terrible.
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U.S. payrolls rose by 178,000 in March, more than expected; unemployment at 4.3% [View all]
BumRushDaShow
22 hrs ago
OP
The revisions coming for this number will hopefully reflect some sort of reality.
NoMoreRepugs
22 hrs ago
#1
(revised title) It was revised down, yes, but to 116k - which is their very latest
progree
11 hrs ago
#60
Yes, they are all catastrophically horrible numbers, being that they are totals for AN ENTIRE YEAR. /nt
progree
11 hrs ago
#62
You read what the former head of the BLS said? She didn't seem to be so gung-ho
wolfie001
12 hrs ago
#53
Most any day in the "news" they report lay-offs in the tens-of-thousands. Hmmm.
twodogsbarking
21 hrs ago
#8
I get this message: This story is available exclusively to Business Insider subscribers.
Wiz Imp
20 hrs ago
#26
Here's the msn no-paywall republication of it (at least part of it, omitting the actual breakdown of companies) -
BumRushDaShow
20 hrs ago
#36
Thanks. As expected, these layoff announcements are not inconsistent with the BLS data.
Wiz Imp
20 hrs ago
#41
Keep in mind that Oracle's layoffs occurred after the reference period in March
Wiz Imp
21 hrs ago
#19
And I explained how the jobs data just released are not inconsistent with those layoff announcements.
Wiz Imp
20 hrs ago
#28
UPS announced layoffs planned for the entire year. I could not find any numbers
Wiz Imp
20 hrs ago
#23
For those who are so sure these numbers are fake, then why would the administration
Wiz Imp
21 hrs ago
#12
The numbers are seasonally adjusted, so they account and adjust for normal seasonal fluctuations
progree
18 hrs ago
#43
"a drop of 133,000 jobs in February? And February's number was even revised downward significantly."
BumRushDaShow
20 hrs ago
#29
I had never noticed the mislabeling of the CNBC graphs before, OMG! Here's both sets of numbers, and ADP
progree
17 hrs ago
#47
How are we supposed to believe any numbers coming out of this administration, give wrong numbers and you get fired.
Walleye
20 hrs ago
#33
Total BS. The career statisticians who produce the numbers at BLS have not been fired. Not a single one of them.
Wiz Imp
20 hrs ago
#35
Let me guess... the heavy lifter here is "healthcare", hmm? Nursing homes and the like, right?
Scott Alan Swaggerty
17 hrs ago
#45
There are government jobs available. You must be willing to work nights and week-ends and
twodogsbarking
17 hrs ago
#46
MS NOW-The April jobs report looks good -- but there's rot underneath
LetMyPeopleVote
13 hrs ago
#52