Howdy! Hope everybody had a great Thanksgiving! I spent six days up in the Dallas/Fort Worth Metroplex, visiting relatives and buying some 180 books, some for myself and some to deal. Enjoy a Friday LinkSwarm!
A superficial take of today’s jobs report would note that both jobs and earnings “blew past expectations, flying in the face of Fed rate hikes”, and while that is accurate at the headline level, it couldn’t be further from the truth if one actually digs a little deeper in today’s jobs numbers.
Recall that back in August, September, and October we showed that a stark divergence had opened between the Household and Establishment surveys that comprise the monthly jobs report, and since March the former has been stagnant while the latter has been rising every single month. In addition to that, full-time jobs were plunging while part-time jobs were surging and the number of multiple-jobholders soared.
Fast forward to today when the inconsistencies not only continue to grow, but have become downright grotesque.
Consider the following: the closely followed Establishment survey came in above expectations at 263K, above the 200K expected – a record 7th consecutive beat vs expectations – and down modestly from last month’s upward revised 284K…
… numbers which confirm that at a time when virtually every major tech company is announcing mass layoffs…
… the BLS has a single, laser-focused political agenda – not to spoil the political climate at a time when Democrats just lost control of the House as somehow both construction (+20K) and manufacturing (+14K) added jobs according to the BLS, when even ADP now reports that these two sectors combined shed more than 100,000 workers in November.
Alas, there is only so much the Department of Labor can hide under the rug because when looking at the abovementioned gap between the Household and Establishment surveys which we have been pounding the table on since the summer, it just blew out by a whopping 401K as a result of the 263K increase in the number of nonfarm payrolls (tracked by the Household survey) offset by a perplexing plunge in the number of people actually employed which tumbled by 138K (tracked by Household survey). Furthermore, as shown in the next chart, since March the number of employed workers has declined on 4 of the past 8 months, while the much more gamed nonfarm payrolls (goalseeked by the Establishment survey) have been up every single month.
What is even more perplexing, is that despite the continued rise in nonfarm payrolls, the Household survey continues to telegraph growing weakness, and as of Nov 30, the gap that opened in March has since grown to a whopping 2.7 million “workers” which may or may not exist anywhere besides the spreadsheet model of some BLS (or is that BLM) political activist.”
A non-profit bankrolled by some of the nation’s largest corporations and left-wing billionaire George Soros is conducting a racial census of House and Senate staff as part of its effort to establish a “Bipartisan Diversity and Inclusion Office,” according to internal emails obtained by the Washington Free Beacon.
Senate and House staff received emails from a researcher at the Joint Center for Political and Economic Studies starting in July asking them to confirm their “racial and ethnic identity” as part of an alleged data collection effort. In at least two cases, senior congressional staffers who declined to provide their races were told by the researcher that the organization’s current data indicated they “may identify as white” and asked the staffers to update if the information was incorrect.
Information collected by the group will be used in its annual report that lobbies for “structural changes on Capitol Hill that would allow for more people of color to be hired in senior positions,” a previous report from the group states. That report is made possible in part by millions of dollars in donations to the Joint Center for Political and Economic Studies from Apple, Google, Meta, Pfizer, the Soros-backed Open Society Foundation, among dozens of other large corporations and nonprofits.
The Joint Center for Political and Economic Studies’ survey is part of a broader trend by left-wing organizations to pressure workplaces and governments to increase affirmative action policies. Often couched in promoting “diversity, equity, and inclusion,” those policies have received criticism for coming at the expense of competence and offering advantages based on race instead of merit.
(Hat tip: Instapundit.)
Rush was charged with a second-degree felony, aggravated assault with a deadly weapon family violence. An emergency protection order was issued against him, and he was soon back on the streets after making a $40,000 bond, KVUE reported.
“For $4,000, you can get out, go home, watch Netflix after trying to murder your ex-girlfriend — are you kidding me?” one of the customers said.
So in addition to aggravated assault with a deadly weapon and possible attempted murder, our super-genius lawyer also violated section 46.03 of the Texas penal code by carrying a gun into a bar. And he bonded out. For all that Democrats blather about “gun violence,” they don’t seem top treat gun felonies with any seriousness when they actually occur. Thanks, Soros-backed DA Jose Garza!
But it turns out that Rush didn’t just go go home to watch Netflix, as he was found dead on Thursday.
In one meeting, Deon Jackson went from South Carolina’s Berkeley County school superintendent to unemployed.
His firing came at the hand of a newly-elected school board, which appears to have declared a judgment day for woke practices in its district.
In its first meeting after the Nov. 8 election, the board fired superintendent Jackson and school counsel Tiffany Richardson. Then it hired Anthony Dixon as superintendent and retained Brandon Gaskins as counsel. And before the day was over, the board banned teaching critical race theory and created a board to review library books for pornographic content.
Moms for Liberty, an activist group that supports parental rights in education, endorsed six of the board’s nine members. Many Moms for Liberty candidates won school board elections this November.
Faster, please.
Tags: 2024 Presidential Race, Anthony Dixon, Austin, B-21, Brandon Gaskins, Canada, cats, Chris Cillizza, CNN, Colin Furze, Crime, Critical Race Theory, Democrats, Deon Jackson, Economics, George Soros, Greg Abbott, Guns, hate crime hoax, Iran, Joint Center for Political and Economic Studies, Jose Garza, Kerch Strait Bridge, LinkSwarm, Liz Cheney, Mark Zuckerberg, Nikki Haley, Nina Jankowicz, Philadelphia, polls, Ron DeSantis, Russia, Russo-Ukrainian War, Scott Weiner, soccer, Social Justice Warriors, Tiffany Richardson, transexual, Ukraine, unemployment, Wisconsin
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Re Berkeley County school district: the media were all wringing their hands over the firing of the district’s “first black superintendent”. What they covered up was the hiring of the district’s SECOND black superintendent.
Re: Cheating on the unemployment numbers, there has been a lot of this for some time, particularly in the various states. One of the biggest cheats is the use of the “labor force” in the denominator – someone actually has to be considered to be part of the “labor force” AND unemployed to count on the rate. The Northern Redneck’s state likes to brag about its low unemployment rate, but that’s largely due to a “labor force participation rate” that is well-below the national average (by some 10 points); if the LFPR were at the national average and those people were counted as unemployed, the state’s unemployment rate would be closer to 20% (!!).
Another game is the use of “seasonal adjustments.” Here in the NR state a few years ago, there was a major factory closure, and it was thus expected that the next calculation of the unemployment rate would show it going higher… but instead the reported rate went down; a little digging showed that this was computed based on “seasonal adjustments.”
And of course back in the day, Radio Moscow regularly told us that the unemployment rate in the CCCP was 0.0%.
(N.b. – The same games are played with the “temperature ‘data’ (sic)” by the climate fascists.)
FIFA WORLD CUP
Look at all the household-name companies sponsoring and advertising. They LOVE to virtue-signal all day long, yet can’t be bothered to notice actual fucking slavery, homo- / trans- / whatever-phobia. etc.
Do not forget.
Canada just gets better and better.
Disabled Canadian veteran complains to their VA equivalent about delays in installing a wheelchair ramp.
VA says, “Well, if you’re unhappy with how long it is taking us, we can offer you euthanasia instead.”
And apparently, she wasn’t the only one.
Why are you surprised about Abbott’s poor showing? I believe that people have seen through his Convention Of States scam and his popularity is poor. Plus, he wasn’t all that strong on Covid. He’s gone into Surge mode on the Border but it’s too little too late.
I’m surprised because Abbott’s reputation for conservatism always seems to be bigger among conservatives out-of-state than in-state.
Also, if Abbott frequently has more hat than cattle, he’s still no Liz Cheney…