>oversight
TyB
And yer muh favorite baitin’ “anon”
BLS: Job Openings Decreased to 8.7 million in October-Prior Data Revised Sharply Lower
(FOMC gets its data from this ‘lovely’ place-BLS-and it’s always revised up or down-depending on narrative and specific report/survey)
The number of job openings decreased to 8.7 million on the last business day of October, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations changed little at 5.9 million and 5.6 million, respectively. Within separations, quits (3.6 million) and layoffs and discharges (1.6 million) changed little. With consensus expecting only a modest drop from the reported September 9.553 million job openings, what the BLS reported moments ago instead was a stunning collapse of 617K job openings to just 8.733 million, the lowest since March 2021.. gets better: the actual drop would be far worse if instead of the sharply downward revised print, the BLS had actually reported a correct number for once. Indeed, if we used the original September print of 9.553 million, the monthly plunge would have been over 800K, which would have been the 4th biggest monthly drop on record.
And speaking of downward revisions to "strong" data, something the goalseekers in the Biden administration have become extremely adept at, the September downward revision to the openings print means that the in addition to revising almost all jobs reports lower, the BLS has also revised 4 of the past 5 job openings prints lower. If one incorporates all the adjustments, the latest revisions mean that the number of job openings was 848K lower in the past 5 months, suggesting that the Fed was still hiking this summer on fake, manipulated "strong" data. According to the BLS, the largest decrease in job openings was in health care and social assistance (-236,000), finance and insurance (-168,000), and real estate and rental and leasing (-49,000). Job openings increased in information (+39,000). As the number of job openings cratered to the lowest in more than two years, the number of people quitting their jobs - an indicator traditionally closely associated with labor market strength as it shows workers are confident they can find a better wage elsewhere - also dropped, if more modestly, by 18K to 3.628MM, the second lowest since March 2021.
Cap 2
Note that hires (dark blue) and total separations (red and light blue columns stacked) are usually pretty close each month. This is a measure of labor market turnover. When the blue line is above the two stacked columns, the economy is adding net jobs - when it is below the columns, the economy is losing jobs.
The spike in layoffs and discharges in March 2020 is labeled, but off the chart to better show the usual data. Jobs openings decreased in October to 8.73 million from 9.35 million in September. The number of job openings (black) were down 17% year-over-year. Quits were down 10% year-over-year. These are voluntary separations. (See light blue columns at bottom of graph for trend for "quits").
As for the Fed, now that the labor market has officially cracked - because a sub 9mm print means that the rate hikes are really taking their toll on the economy -it is no surprise that stonks, which had traded near session lows before the report, are suddenly surging again (pretty much erased losses but ain’t doing nuffin-wait until the ESF has to support it and the bots get triggered to dump about $200b in sales-they follow so either way the market goes they are programmed to follow it and the ESF is not just a pump mechanism cuz it would be so convenient if the market dropped into the YE a bit and “cheap” shares get picked up-not saying it will be however a lot of its support-buybacks of the 7-10 stocks that has driven it-are blacked out) we are now officially back into "bad news is great news" for the market mode, since the end of Biden's fiscal stimmy means that only the Fed is available to kickstart the economy when it officially slides into a recession next. ProTip: been in one for over a year==
https://www.calculatedriskblog.com/2023/12/bls-job-openings-decreased-to-87.html
https://www.zerohedge.com/markets/labor-market-implodes-job-openings-crater-prior-data-revised-sharply-lower
https://www.wsj.com/market-data/stocks
>>20028796 lb
Turkish AF TUAF241/2 A400ms departed Istrana AB, Italy (WN of Venice and heavy logistics and staging base-also home of Italian AF fighter/recon squad) and heading back to Ankara-one of these went to Bucharest yesterday
When you see sequential call signs…..important ‘bidness usually
PF; Saudi AF RSF1727 A330 inbound to JBA from Jeddah depart
Ukrainian AF A330 arrived at JBA last night-‘twas Z
Zelensky will brief senators Tuesday ahead of key vote on military aid
https://www.msn.com/en-us/news/other/zelensky-will-brief-senators-tuesday-ahead-of-key-vote-on-military-aid/ar-AA1l0jjJ
>>20026560, >>20026921 pb PF reports Ukraine AF UKN1301 319 on the “sidewalk” inbound to CONUS from Shannon depart and prior Brussels stop/departure-it started at Rzsesow Airport, Poland earlier today
Will Saudi Prince MBS Become Biden Partner in Containing Mideast Conflict?
https://www.msn.com/en-us/news/world/will-saudi-prince-mbs-become-biden-partner-in-containing-mideast-conflict/ar-AA1kXLOg
Potato doing “campaign event” today in Boston…that is it
https://factba.se/biden/calendar
Such a deal on Friday for SA @$79/pbl….oil at $72.7x cap 2 weekly chart and yellow shows agreed price
https://tradingeconomics.com/commodity/crude-oil
The Biden administration plans to buy 2.7 million barrels of oil to help replenish the nation's much-depleted emergency stockpile.
The planned purchase for the oil is at an average price of $79 per barrel, the Department of Energy said in a statement on Friday.
https://www.msn.com/en-us/money/markets/biden-administration-plans-to-buy-27m-oil-barrels-to-refill-emergency-stockpile/ar-AA1kR8qC
>real anons
o7