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...the jobs market. So my suspicion is that the jobs market is actually much weaker than what the published data is suggesting. Now that's an outlier view because I can't back that up with the data because, look, I'm not the BLS. I don't have the inform
...the job market was so strong. Those analysts then become associates, and then there's kind of an expectation they're gonna leave for business school or private equity or whatever. But because the labor market's so bad, they don't wanna leave. And the
...lackluster job market, I presume. Anyway, the other thing that everyone seems to do be debating at the moment is the impact of immigration or lack thereof on the total labor market and what that means for supply. And depending on where you come out o
...job market, that's a very different level of confidence than if you're dealing with a 35,000 or even maybe even a zero, job growth market. And I think that's where the concern comes from. What holds you back from being overly concerned is the unemplo
...the labor market, hey, you just get a job at a store, get a job at a restaurant, get a job at Best Buys Place. That though that was it. There was no other category of, like, well, do you wanna get a drive for Uber, do deliveries or there that didn't
...job market, that's a very different level of confidence than if you're dealing with a 35,000
...think the market probably had anticipated six weeks ago. So we are recording this on February 27. In about a week, we are gonna get US payrolls for February. We just had initial claims, as Joe mentioned, showing that they jumped to the highest level
You know, if you got a whatever number of people, a 100,000 people at Microsoft, and you try to grow to a 120,000 because you wanna grow revenue by 20%, you're like, we're gonna grow the employee base by 20%. That means somebody's gotta hire these pe
...as a very weak job market. The the kinds of things people point to, like the slowing of wage growth or the vacancies over as compared to unemployment, I think are not indicative of a demand side slowdown. They're indicative of what economists call mi
...jobs depending on how you did the average. The actual number, Jason, we gained 256,000 net jobs in December, a 100,000 more. That means that the unemployment rate was expected to stay at about 4.2. Instead, it fell to 4.1. Jason, never have you seen
...jobs. We still have a ton of jobs available. Then if you look at our unemployment rate, it's it's still at historical lows for our lifetime. If you were born in 1970, this is as good as it gets. 4.456 is what it's been. It's ticking up modestly, but
...the jobs might be in regions where they're not and they're unwilling to move. But there's a reason why everybody wants to come here. It's because we have 4% unemployment. Only caveat to that, Lon, is, if you look at labor participation Right. Labor p
...means real job creation of 30,000. So you should be talking about 50. I don't think we've convinced the market yet that that's the way you should look at it. By the way, just before going on, so on the eco page, consensus is 75 k. Consensus is for th
...of fewer jobs existing six months from now, that spiked in the survey. Highest level now, I think, since, like, 2013. Talk to us, like, a little bit about, like, how you are thinking about the sort of macro impulse from the labor market cutting that'
jobs. You know, when you seasonally adjust it because they publish a not seasonal adjustment, but you can do a rough and ready seasonal adjustment. It's very stable at about every month. A 100,000 jobs or almost a 100,000 jobs are coming from that bi
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