this post was submitted on 07 Jul 2023
65 points (98.5% liked)

News

23424 readers
4393 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.

7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
JonsJava
rjc
Thekingoflorda
Tenthrow
gedaliyah
little_cow
jeffw
enu
65
The U.S. added 209,000 jobs in June, showing that hiring is slowing but still solid (www.npr.org)
submitted 1 year ago by MicroWave to c/news
8 comments fedilink hide all child comments
top 8 comments
sorted by: hot top controversial new old
[–] New_account 5 points 1 year ago (1 children)

Looks like the markets are pretty apathetic to the news today. Economists had expected 225K jobs added, so the 209K is a little below expectations, but not a huge miss. Unemployment remains at a very healthy 3.6% mirroring the pre-pandemic landscape with one of the lowest rates in decades.

I wonder how much of this low unemployment is demographic. Aside from the pandemic, the last decade has been marked by increasing Baby Boomer retirements (in 2023, the youngest Boomers turn 59, and the oldest are 77). While that large cohort is leaving the workplace, the cohorts behind it are smaller (in relative terms, not absolute terms), so there are more roles to fill with fewer people to fill them. That allows employees to be choosier when looking for jobs, which has been great for the average worker.

[–] afraid_of_zombies2 1 points 1 year ago

The real unemployment rate is much higher https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

Take 3 adults. Before 2008 2 of them had a job and the other didn't. Since that time it has fallen even lower. Most of the loss being from prime age and the young dropping out of the workforce, but hey if we keep blaming it on retirement maybe we can ignore the problem long enough that we don't have to fix it.

Our government makes life hell on earth, our economists tell us that it can't be any other way.

[–] MicroWave 4 points 1 year ago (1 children)

Overall, the jobs data shows a labor market that continues to hum along in some sectors, but is slowing down in others in a sign that the Federal Reserve's aggressive rate hikes to fight inflation and having some impact though the job is far from done.

Employers continued to add jobs in health care, business services, and construction. But retailers cut jobs last month, and factory employment was relatively flat.

[–] afraid_of_zombies2 1 points 1 year ago (1 children)

I wonder what business services are code for. Tax evasion?

[–] onionbaggage 3 points 1 year ago

Handjobs

[–] Chickenstalker 4 points 1 year ago (1 children)

>209,000 jobs

How many of this is actual openings vs companies and hiring agencies putting up fake job offers in order to harvest personal data?

[–] graphite 1 points 1 year ago

companies and hiring agencies putting up fake job offers in order to harvest personal data?

oooof

[–] [email protected] 1 points 1 year ago

Help I work 3 jobs but none will let me do full time for benefits