Tech sector is not the bulk of it, many sectors doing worse and that is why they got the headlines. "Financial Activities" supersector was terrible this month. Another reason is there is not an umbrella "tech" sector in the NAICS, so it's harder to report on.

I predict the numbers will look good after November. Maybe not reality but the numbers.

My thought exactly.

I began rapidly recalling the hundreds of sources foreseeing this well in advance, citing it, raising alarm, and being ignored.

I guess we are supposed to take numbers at face value, disregard what generated them and why, accept what they imply as presented, and never question it.

Then we must patiently withhold intelligence, wait for sanctioned admission, then finally consider what we already knew.

Suddenly, Rome collapsed.

Edit: Don't take the flagging to heart. If you dig, you will find a thousand exceptions made where the single-word comment fit the narrative and endured. This comment will be flagged too.

These guys are just nonstop liars. Print the headline, revise when no one is looking.

It was the same in June I think...

This has been the case in several recent reports. It really ought to put to bed the idea that Trump was somehow going to be "good for business" and bring back manufacturing. At best all he's done is create a ton of uncertainty, at worst he's actively harmed massive swaths of American businesses with tariffs, war, and gutting the federal workforce and programs that indirectly supported a ton of businesses.

Healthcare has consistently been one of the biggest drivers of US GDP and job growth numbers for years now.

This is one of the major things that has helped explain why US consumer sentiment has been so out of step with headline numbers like employment, consumer spending, and GDP.

i think population pyramids will basically guarantee growth of that sector in almost all first world countries for thenext few decades

No one with at least two brain cells to rub together thought the tariffs was going to make anything better.

Canada's economy is on the verge of collapse.

I wonder if this is the evidence of the labor market decoupling from "the economy" in terms of economic productivity?

Folks keep predicting it. Maybe it's starting?

[delayed]

Jobs down, threat of increased interest rates down

>As far as the government is concerned if you have been looking for a job for so long and/or are so discouraged that you stop looking, then you are no longer "unemployed" since you are not looking for a job.

> ...

>When you read headlines of companies laying off thousands of employees, that's real. When the government says they've retroactively adjusted their seasonally adjusted fake news, then not so much.

The BLS keeps track of the discouraged workers as well, and it's not significantly different than previous trends.

https://www.bls.gov/charts/employment-situation/alternative-...

>And then you have the current president's habit of just lying about everything, and threatening anyone who doesn't support his lies, and it seems we have truly entered a post-truth world where "alternate facts" rule the day.

You don't see the irony here with what you're doing?