This is like, journalistic malpractice level of burying the lead, that’s absurd.
As a scientist, if I wrote a paper where the point I was making was this far off from what the data actually said not only would it not get published, I’d get fucking fired. This was written by one of CNBCs most experienced “journalists.”
Yeah, the article headline completely misrepresents what’s actually happening.
What stands out to me is that all these new jobs are in the service sector. I was listening to a podcast yesterday where an economist said that research has shown that industrial sector is much better at creating jobs than service for the same level of investment. Western economy feels unsustainable because a signficant portion of what its about is distribution of the surplus value from the global south. US tried to invest in industry with the CHIPS act shit but it failed miserably.
my place of work stopped offering full time on hire (which they did since peak COVID)
now it’s part time for a full time position, wait-and-see some quantity of time, maybe full time maybe not
kind of fucked.
BeSt eCoNoMy iN tHE g6. MaCrOeCoNoMiCs beTtEr uNdEr dEmOcRaTiC aDmInIsTrAtIoNs
well, of course we’re the best economy in the G5! but we wouldn’t be where we are today without the backbreaking sacrifices from our partners in the G4. we stand on the shoulders of giants, and i hope all of us in the G3 recognize this and continue to forge ahead in these troubled times
The multiple jobs part is particularly interesting.
I just heard them bragging about this on the tv this morning. Wonder if any of these people actually look and see how bad the job market is right now especially in my field. Probably not
