*Investors Blog*

[SC Maintenance]

Soft payroll again, only 22K. July revised down to -13K. Giving fed all the cover they need to cut. Don't be surprised if the banks are demanding 50bps by Monday.

Were told that the numbers are wrong and will be better in a year. We all knew this here for the last 2 years at least - but when the numbers were good it was OK. Pretend and extend. BTFD and TINA remain.

 

[alarmguy]

We may have to acquire a taste for Soylent Green

and the happy water.

 

[zzyzzx]

There will not be enough jobs to go around. This is the AI inflection point; profound societal implications.

450 new job openings in Georgia
https://abcnews.go.com/US/450-people-ice-custody-hyundai-plant-georgia/story?id=125286055

 

[Zee09]

I had fun today... premarket.
I wanted to downsize a penny stock, I had 5000 shares extra to unload as I can buy them back again cheaper later.
Robinhood gold gives you the typical list of the bids out there...
So I was going through them and making 14 cents a share and like the $3.95 guy i just put up his 300 shares at a limit only sale and bam... no competition that early..
And I go down the list until it's no longer profitable... one guy I got for 4100 shares....

I made enough for 2 months gas money

 

[SammyChevelleTypeS3]

Boomer (angry old timer) Warning # 734 - *Disclaimer*

Yes. Many times some disruptions spread into areas unforeseen ahead of time. Not a problem though. There will be plenty of "work" around for some folks. Especially the wrecker truck owners. The repair shops. The medical industry. Of course the lawyers. They will be very busy when employed by the families of people who have unwanted encounters on the road with driver less vehicles. Just saying. These days there seems to be a lawsuit (never involved in any) around every corner. *a joke making fun of myself, the poster/no one else*

 

[Mechanician]

Soft payroll again, only 22K. July revised down to -13K. Giving fed all the cover they need to cut. Don't be surprised if the banks are demanding 50bps by Monday.

Were told that the numbers are wrong and will be better in a year. We all knew this here for the last 2 years at least - but when the numbers were good it was OK. Pretend and extend. BTFD and TINA remain.

Can anyone currently (if ever) depend on "the numbers" , when the people who compile, and report them will be canned if the numbers are disappointing?

 

[gfh77665]

Soft payroll again, only 22K. July revised down to -13K. Giving fed all the cover they need to cut. Don't be surprised if the banks are demanding 50bps by Monday.

Were told that the numbers are wrong and will be better in a year. We all knew this here for the last 2 years at least - but when the numbers were good it was OK. Pretend and extend. BTFD and TINA remain.

I find it interesting that along with this, hourly wage is going up. Seems like manual labor jobs are being eliminated with immigration enforcement, while higher skilled jobs are growing. And we soon get maybe a 50bp cut on top of it.

 

[Vil_Riker]

Healthcare is cutting jobs because of the recent beautiful bill. Just saw that Oracle had layoffs in their Health segment.

Employment is soft, the inflation is still an issue. But we will have a rate cut soon.

 

[JeffKeryk]

The bigger issue is AI / robots don't consume. So who will drive the economy that is made up of 70% consumer spending?

Makes it easier to understand both the call for onshoring manufacturing and also UBI. Not saying I agree with the policies - just saying the dots for the urgency align.

Spot on. The inflection point.

And they don't call in with the Monday flu either...

 

[Zee09]

For some reason my business is really cranking after many slow months... it's constant right now ...
Feast or famine as my father used to say.

 

[Zee09]

The partial trade i can't stand..
Robinhood used to have a box you could check to unallow it..

I try to buy 10k shares and it gave me 200 shares and then one and two at a time after that...

I always go in and kill the order and usually dump the shares for a small profit. Can't stand it either way...buy or sell...

 

[Owen Lucas]

For some reason my business is really cranking after many slow months... it's constant right now ...
Feast or famine as my father used to say.

You sell LKQ auto parts? Or am I thinking of another guy?

 

[Zee09]

You sell LKQ auto parts? Or am I thinking of another guy?

Nah wrong dude
Will the real bro please stand up?

 

[Owen Lucas]

Nah wrong dude
Will the real bro please stand up?

OK I remember now, its custom made model railroad trees and scenic decorations. That's it!

 

[Zee09]

OK I remember now, its custom made model railroad trees and scenic decorations. That's it!

Gun parts

 

[Zee09]

Typical....I wanted 10k shares and they flip me another 200... so i dumped them right away

Later I got my shares...it's weird but I no longer chase the shares...

 

[Dave Hess]

Healthcare is cutting jobs because of the recent beautiful bill. Just saw that Oracle had layoffs in their Health segment.

Employment is soft, the inflation is still an issue. But we will have a rate cut soon.

Tons of recent college grads struggling to find entry level jobs.

I recently met a guy with 2 masters degrees (business / healthcare administration) and working in a hospital doing shipping and receiving / restocking PAR levels in supply rooms.

Guy is making around $17-18 an hour but it’s not he went to college for. So for now he just has to keep looking for something better.

 

[gfh77665]

The job market will deliver for those recent graduates. My kids all had great degrees but it took a minute before they landed their destination jobs. Now if a graduate has a DEI "transgender studies" degree or something like that, its unfortunate, it won't be worth much in most cases.

 

[Pablo]

The job market will deliver for those recent graduates. My kids all had great degrees but it took a minute before they landed their destination jobs. Now if a graduate has a DEI "transgender studies" degree or something like that, its unfortunate, it won't be worth much in most cases.

Frankly instant job and salary 3X a 10 year employee is not the norm for college graduates

Back to normal where internships and such give graduates a leg up

 

[SC Maintenance]

Might be a confluence.

Companies were paid to hire and keep employees on through the "employee retention credit". After the pandemic labor was hard to find so companies hoarded them. Then AI shows up and no one is sure what to do - so they keep what they have but stop hiring till they can figure it out. So either new grads or people that do get let go have trouble getting a job.

I agree it will likely be fleeting. But its not fun to be unemployed.