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- Hacker News
- Vertical Thinkers: “Who could’ve seen this coming when all the data looks good?!”
Lateral Thinkers: quietly sipping tea, nursing our wounds from layoffs, lamenting another unheard Cassandra moment.
Basically sums up the mood, I find. Don’t worry, we’re always steeping a fresh pot for the new club members when stories like these hit the wire.
by stego-tech - govt is resetting the baseline now, so we will see some good numbers in November.
it's all about optics for mid term.
by jimmydoe - And, as a result, the market is ... up?by ethagnawl
- What is also interesting is that the only sector thad added jobs was health care.
- I have recently started an experiment tracking a sample of 5000 employers in US and I see a bounce last week after a brief lull in july. I am not sure if there is a strong downward trend. https://corvi.careers/reports/usa-weekly-job-openings-report...by _tgxm
- I would hardly call it a sudden reversal, looking at the downward trend in the numbers over the last six months or so.
https://tradingeconomics.com/united-states/non-farm-payrolls
by vannevar - > The BLS said employment contracted the most in “local government education,” which declined by 50,000 roles, likely reflecting teachers during summer break.
This is not entirely accurate. AFAIK, teachers usually remain on payroll throughout the summer. This stat _might_ be talking about contractual teaching roles, like adjuncts or subs, but it's hard to say from that BLS category.
by nunez - As a data scientist it is very frustrating to see a consistent lack of error bars on these numbers or any discussion about the magnitude of uncertainty around them by all news reports every time these numbers get releasedby astro1234