Someone pointed out online, I forgot who, that the problem with job reports is two fold
It reports only those actively looking for a job or employed, so it leaves out people who simply aren’t participating in the labor market anymore because they can’t find one.
It also reports all jobs, not the quality of the jobs. Average Americans feel the job market today is terrible and largely does not look at part time and near minimum wage work roles growing as a positive. The jobs report doesn’t disaggregate higher paying jobs from lower ones
That may be true of the monthly jobs report numbers (don't remember how they work), but if you need to know then it's not an issue because there's alternatives.
Here's reports for all these that don't have those issues, as they just come from surveys.
> It reports only those actively looking for a job or employed, so it leaves out people who simply aren’t participating in the labor market anymore because they can’t find one.
This simply asks "do you have a job", and it's up to the people responding to decide if being an Uber driver is a job.
> Average Americans feel the job market today is terrible and largely does not look at part time and near minimum wage work roles growing as a positive.
Btw, I think focusing on "jobs" isn't the best thing to look at - the poorest people in a country will always be children and the elderly, and hopefully we don't want them to get jobs.
The jobs report is what most
media parrots across all media platforms more or less is the monthly jobs report and definitely the one I’m referencing.
No matter how you cut it though Americans do not feel they are getting their fair share economically and want to avenge that, which is why I think voters didn’t push back against tariffs - which have become a cornerstone of economic rhetoric by Trump and his allies - at the ballot box.
I think it’s also because a good chunk of the electorate doesn’t quite understand how tariffs work and it’s going to backfire, but the sentiment is very clear
Americans had what's called a vibecession where they universally thought the economy was bad, but then answered every question about their own finances by saying they were good. The implication was they thought it was bad for everyone else, just not them, so that's mostly on the media's negativity bias.
There was some hangover effect from inflation, although of course that's going to get worse now.
"I've been demonstrably wrong in every single point but I'm still right because I feel like it" is such a good demonstration of what happened this election.
Some people are hurting because there's always some people hurting, and for some reason that means we get the party that wants to reduce social safety nets?!
It reports only those actively looking for a job or employed, so it leaves out people who simply aren’t participating in the labor market anymore because they can’t find one.
It also reports all jobs, not the quality of the jobs. Average Americans feel the job market today is terrible and largely does not look at part time and near minimum wage work roles growing as a positive. The jobs report doesn’t disaggregate higher paying jobs from lower ones