Row 88426

Row ID: 88426 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 88426 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I'm the one quoting statistics, not you. Look it up. Wage growth up. GDP up. Stocks up. Employment up. Inflation down. Crime down.

[America’s extraordinary economy keeps defying the pessimists](https://www.economist.com/leaders/2024/03/14/americas-extraordinary-economy-keeps-defying-the-pessimists)

> You have to marvel at America’s economy. Not long ago it was widely thought to be on the brink of recession. Instead it ended 2023 nearly 3% larger than 12 months earlier, having enjoyed one of the boomier years of the century so far. And it continues to defy expectations. At the start of this year, economists had been forecasting annualised growth in the first quarter of 1%; that prediction has since doubled. The labour market is in rude health, too. The unemployment rate has been below 4% for 25 consecutive months, the longest such spell in over 50 years. No wonder Uncle Sam is putting the rest of the world to shame. Since the end of 2019 the economy has grown by nearly 8% in real terms, more than twice as fast as the euro zone’s and ten times as quickly as Japan’s. Britain’s has barely grown at all.

Look at wage growth if you need [more data](https://i.imgur.com/aZcrAvO.png ):

https://www.atlantafed.org/chcs/wage-growth-tracker

It's especially noteworthy when you isolate for age, and the [16-24 cohort](https://i.imgur.com/63PRtWz.png). That is what the economist is referring to when it says "The labour market is in rude health, too."

https://www.dice.com/career-advice/tech-unemployment-stays-steady-at-2.3-percent

> Tech Unemployment Stays Steady at 2.3 Percent

> Despite widespread news reports about tech companies kicking off the year with layoffs, the tech unemployment rate remained steady at 2.3 percent, according to a new analysis of U.S. Bureau of Labor Statistics (BLS) data by CompTIA.

> That 2.3 percent is notably below the general unemployment rate of 3.7 percent, suggesting that demand for tech talent remains sturdy. Tech industry employment rose by roughly 17,833 jobs, powered by technology services and software development (up 14,500 jobs), cloud infrastructure (up 2,100 jobs) and tech manufacturing, particularly semiconductors (up 1,400 jobs).

> “This month’s data is a helpful reminder of the many moving parts in assessing tech workforce gains or losses,” Tim Herbert, chief research officer at CompTIA, wrote in a statement accompanying the data. “The expansive tech workforce will simultaneously experience gains and losses reflecting employer short-term and longer-term staffing needs.”

> Between December and January, the number of postings for jobs requiring artificial intelligence (A.I.) mastery or A.I.-related skills rose by 2,000, hitting 17,479. The number of postings for hybrid and all-remote jobs increased 5,000 month-over-month, reaching 30,000.

https://www.whitehouse.gov/cea/written-materials/2024/02/02/the-january-2024-employment-report-explaining-that-big-upside-surprise/

> Let’s face it: the job market, along with the rest of the U.S. economy, has been defying expectations for a while now.

> This upside surprise is largely consistent with a wide variety of recent indicators. January’s 353,000 jobs number comes on the heels of an upwardly revised gain of 333,000 for December. Job gains were also widespread across the job market, with gains in goods, services, and public sector jobs. Just under two-thirds of private-sector industries added jobs last month, a dispersion rate higher than the 2011-19 average. Wage growth was also strong last month, at 0.6 percent for the month and 4.5 percent over the year. While we don’t have CPI inflation yet for January, in December, it was 3.4 percent, year-over-year (well below December’s 4.3 percent yearly wage gain). Some of January’s strong wage growth could have stemmed from compositional effects due to weather: had aggregate hours in each major industry been the same in January as they were in December, wage growth would have been about 0.1 percentage point lower in January.

> The unemployment rate has been below 4 percent for 2 years running, the best such record since the 1960s. Real GDP also surprised to the upside last quarter and over the full year (see Figure 1 here showing how real GDP at the end of 2023 was just under $1 trillion higher than expected, according to the Blue Chip forecast at the end of 2022).

Man... I'm telling ya, you really have to go out of your way to *not* see how red hot the employment market in the US is right now.

FieldValue
text I'm the one quoting statistics, not you. Look it up. Wage growth up. GDP up. Stocks up. Employment up. Inflation down. Crime down. [America’s extraordinary economy keeps defying the pessimists](https://www.economist.com/leaders/2024/03/14/americas-extraordinary-economy-keeps-defying-the-pessimists) > You have to marvel at America’s economy. Not long ago it was widely thought to be on the brink of recession. Instead it ended 2023 nearly 3% larger than 12 months earlier, having enjoyed one of th…
label r/politics
dataType comment
communityName r/politics
datetime 2024-05-24
username_encoded Z0FBQUFBQm5Lak1xMU1MeG9BZXJVakcxQkdiUU9IdU14aTZEVHh6LXdZVzR4NkxZZHhpd2VYREJQMkJqZm9xWFM1R2lLajZDM1AwM2tYbTNoSzd2eTUyM1RGSHZBSHRHVDhaSWItUU92eE1TcUxBNEJLZUM1dVU9
url_encoded Z0FBQUFBQm5Lak83c3ktS1lPTXlScXVzYVJ5Z2RETkZuYnhUM0V0SkhMVmZhU3FJY3hCTFlVZHBLbDlhWld5VmRoNzhKY2pvckdsRUZyVHFJd0lDOTB2UkJISUpYQzdMRDlydzNVeXJ6MkdwcHM3dHhiUWhMbTY0WmNwRUhSWHViVUE4NF9GdERaWXlyX2loT0VOZXJmN0h2cTEtVDBHVjk2VXFOeTdjWHBzWWROVUtwUUlSMjR3S0RveEZtU3NVTjNkRWRzY0VsaWQwQ3JCY1pLX3NTc2ZKSU9PeEFfZjJMQT09

Raw Record

{
  "text": "I'm the one quoting statistics, not you. Look it up. Wage growth up. GDP up. Stocks up. Employment up. Inflation down. Crime down.\n\n[America’s extraordinary economy keeps defying the pessimists](https://www.economist.com/leaders/2024/03/14/americas-extraordinary-economy-keeps-defying-the-pessimists)\n\n> You have to marvel at America’s economy. Not long ago it was widely thought to be on the brink of recession. Instead it ended 2023 nearly 3% larger than 12 months earlier, having enjoyed one of the boomier years of the century so far. And it continues to defy expectations. At the start of this year, economists had been forecasting annualised growth in the first quarter of 1%; that prediction has since doubled. The labour market is in rude health, too. The unemployment rate has been below 4% for 25 consecutive months, the longest such spell in over 50 years. No wonder Uncle Sam is putting the rest of the world to shame. Since the end of 2019 the economy has grown by nearly 8% in real terms, more than twice as fast as the euro zone’s and ten times as quickly as Japan’s. Britain’s has barely grown at all.\n\nLook at wage growth if you need [more data](https://i.imgur.com/aZcrAvO.png\n):\n\nhttps://www.atlantafed.org/chcs/wage-growth-tracker\n\nIt's especially noteworthy when you isolate for age, and the [16-24 cohort](https://i.imgur.com/63PRtWz.png).  That is what the economist is referring to when it says \"The labour market is in rude health, too.\"\n\nhttps://www.dice.com/career-advice/tech-unemployment-stays-steady-at-2.3-percent\n\n> Tech Unemployment Stays Steady at 2.3 Percent\n\n> Despite widespread news reports about tech companies kicking off the year with layoffs, the tech unemployment rate remained steady at 2.3 percent, according to a new analysis of U.S. Bureau of Labor Statistics (BLS) data by CompTIA.\n\n> That 2.3 percent is notably below the general unemployment rate of 3.7 percent, suggesting that demand for tech talent remains sturdy. Tech industry employment rose by roughly 17,833 jobs, powered by technology services and software development (up 14,500 jobs), cloud infrastructure (up 2,100 jobs) and tech manufacturing, particularly semiconductors (up 1,400 jobs).\n\n> “This month’s data is a helpful reminder of the many moving parts in assessing tech workforce gains or losses,” Tim Herbert, chief research officer at CompTIA, wrote in a statement accompanying the data. “The expansive tech workforce will simultaneously experience gains and losses reflecting employer short-term and longer-term staffing needs.”\n\n> Between December and January, the number of postings for jobs requiring artificial intelligence (A.I.) mastery or A.I.-related skills rose by 2,000, hitting 17,479. The number of postings for hybrid and all-remote jobs increased 5,000 month-over-month, reaching 30,000. \n\nhttps://www.whitehouse.gov/cea/written-materials/2024/02/02/the-january-2024-employment-report-explaining-that-big-upside-surprise/\n\n> Let’s face it: the job market, along with the rest of the U.S. economy, has been defying expectations for a while now.\n\n> This upside surprise is largely consistent with a wide variety of recent indicators. January’s 353,000 jobs number comes on the heels of an upwardly revised gain of 333,000 for December. Job gains were also widespread across the job market, with gains in goods, services, and public sector jobs. Just under two-thirds of private-sector industries added jobs last month, a dispersion rate higher than the 2011-19 average. Wage growth was also strong last month, at 0.6 percent for the month and 4.5 percent over the year. While we don’t have CPI inflation yet for January, in December, it was 3.4 percent, year-over-year (well below December’s 4.3 percent yearly wage gain). Some of January’s strong wage growth could have stemmed from compositional effects due to weather: had aggregate hours in each major industry been the same in January as they were in December, wage growth would have been about 0.1 percentage point lower in January.\n\n> The unemployment rate has been below 4 percent for 2 years running, the best such record since the 1960s. Real GDP also surprised to the upside last quarter and over the full year (see Figure 1 here showing how real GDP at the end of 2023 was just under $1 trillion higher than expected, according to the Blue Chip forecast at the end of 2022).\n\n\nMan... I'm telling ya, you really have to go out of your way to *not* see how red hot the employment market in the US is right now.",
  "label": "r/politics",
  "dataType": "comment",
  "communityName": "r/politics",
  "datetime": "2024-05-24",
  "username_encoded": "Z0FBQUFBQm5Lak1xMU1MeG9BZXJVakcxQkdiUU9IdU14aTZEVHh6LXdZVzR4NkxZZHhpd2VYREJQMkJqZm9xWFM1R2lLajZDM1AwM2tYbTNoSzd2eTUyM1RGSHZBSHRHVDhaSWItUU92eE1TcUxBNEJLZUM1dVU9",
  "url_encoded": "Z0FBQUFBQm5Lak83c3ktS1lPTXlScXVzYVJ5Z2RETkZuYnhUM0V0SkhMVmZhU3FJY3hCTFlVZHBLbDlhWld5VmRoNzhKY2pvckdsRUZyVHFJd0lDOTB2UkJISUpYQzdMRDlydzNVeXJ6MkdwcHM3dHhiUWhMbTY0WmNwRUhSWHViVUE4NF9GdERaWXlyX2loT0VOZXJmN0h2cTEtVDBHVjk2VXFOeTdjWHBzWWROVUtwUUlSMjR3S0RveEZtU3NVTjNkRWRzY0VsaWQwQ3JCY1pLX3NTc2ZKSU9PeEFfZjJMQT09"
}
Explore Dataset Explore Row

Entry Information