Independent thinking for complex markets and current events
Funny you should ask, I’ve been investigating the fraud in the F-1 Student Visa system too. It’s just as big of a rabbit hole as the H-1B stuff and the two are very interconnected. Buckle up because this one is something. Here’s the game. Students from India fake their undergraduate degrees and just apply straight …
H-1B: Indian Migrants Want Elon Musk to Help Them Win Green Cards A lobby group for Indian H-1B contract workers is trying to use the GOP’s planned 2025 reconciliation bill to get fast-track green cards for roughly 1.2 million Indian citizens living in the United States. The lobbying effort is built on the hope that President Donald …
Our Next Vice President @JDVance “We’re done importing foreign labor! We’re going to fight for American citizens and their good jobs and their good wages!”pic.twitter.com/IZ7yJfz9zU — The Columbia Bugle 🇺🇸 (@ColumbiaBugle) December 27, 2024
California unemployment is pulling a 2008 trajectory https://t.co/XQ40iAtKV0 — Darth Powell (@VladTheInflator) December 24, 2024 🚨 Another half-million jobs reported under Biden turn out to be phantom! 🚨 The Philly Fed's recent findings reveal that Q2 job growth was actually negative, with all reported gains set for revision in 2025. This follows an alarming downward …
"Ottawa Sharpens the Axe" Thousands of federal public servants brace for potential layoffs as Ottawa targets $15.8B in budget cuts. 🪓 pic.twitter.com/IsYAPpTBoa — Shazi (@ShaziGoalie) December 24, 2024 1/ RE/MAX predicts a 5% national price increase in 2025, with GTA real estate maintaining its strength. But numbers alone don't tell the full story. Let’s peel …
According to the latest conventional ‘wisdom’ – which changes with each and every CPI report and FOMC dot adjustment – inflation is back and so is the soft landing. The most recent update from the labor market says that’s entirely backward. Job findings have utterly plunged right when the jobs market reaches that ‘magical’ unemployment …
Corporate bankruptcies and defaults accelerating, unemployment continues to rise, and spreads blow out. Especially, after Powell said “we’ve avoided recession” and S&P Global is expecting the speculative-grade default rate to fall to 3.5% by September 2025. Moody’s pointed out… https://t.co/9tn3htvQQI pic.twitter.com/kPNU1t3OTz — WarnTracker 2.0 (@j77324) December 21, 2024 This is concerning: Non-farm payroll employment in …
by confoundedinterest17 Remember when President Joe Biden uttered “I give you my word as a Biden!”? Coming from perhaps the biggest liar in history who NEVER tells the truth! Well, the latest in his long string of lies is that he is handing the strongest economy in modern times to Trump. Instead of the 1.1% …
Déjà vu 2008 pic.twitter.com/V6ZMYE5wKF — C invest (@mikael_aune) December 9, 2024 Government jobs keep making NFP look (a bit) stronger than it is. One might say, who cares whether the government or private sector created jobs? A job is a job. However, government jobs mostly don't add new value like private-sector jobs and over the …
🇺🇸 US number of full time employees -1.342 million or -1% YoY. In #recession territory! pic.twitter.com/0MMduVtl7r — Alex Joosten (@joosteninvestor) December 6, 2024 This is important: There are 883,000 more Americans unemployed now than a year ago. Sometimes you need to step back and look at the annual changes to see the bigger picture. The …
by Mike Shedlock The strange jobs reports continue as the divergence between jobs and employment widens again. Data from the BLS, chart by Mish Please consider the BLS Employment Report for November. Jobs vs Employment From September 2020 through early 2022, nonfarm payroll job gains and full time employment changes tracked together. Starting around March of 2022, …
Trump’s selections for the roles could benefit from a relatively smooth confirmation process since Republicans will control the Senate, though delays could still occur — and some could even fail without enough support. He already had one nominee withdraw from consideration, former Rep. Matt Gaetz (R-Florida). He was Pam Bondi for attorney general. https://www.politico.com/interactives/2024/trump-cabinet-picks-2025-tracker/
If you work in a corporate job, just be aware, your performance doesn’t matter. Your raise was decided by the budget committee. If you want to see a big increase in pay you have to jump to another company. That’s true and has been for some time. You are on a bell curve. Jack Welch …
It’s been just a week since Amazon’s CEO Andy Jassy told his workforce that they will have to return to working in an office five days a week—and already, 73% of Amazon workers are considering quitting in response. That’s at least according to the anonymous job review site Blind, which polled 2,585 verified Amazon professionals …
The fast food industry is currently undergoing a major shift that is causing many layoffs for crew members and managers across the country. Many workers are losing their jobs as corporations try to cut costs, streamline operations, and adjust to changing consumer habits. This is happening across all sorts of fast food chains, including burger …
BREAKING: The number of people working MULTIPLE jobs in the US hit 8.66 million in September, a new record. This is ~300,000 above the peak seen before the pandemic and ~600,000 above the 2008 peak. Furthermore, the number of part-time jobs has jumped by ~3 million over the… pic.twitter.com/znOOEMR6Ln — The Kobeissi Letter (@KobeissiLetter) October …
Remember when I warned them that they would inflate prices until they all didn't have jobs? Guess they didn't listen https://t.co/mLaEA8sLw3 — Darth Powell (@VladTheInflator) September 5, 2024 THIS is the right attitude from the housing industry. Lower prices means transactions can get done again https://t.co/RG51mglTp1 — Darth Powell (@VladTheInflator) September 5, 2024 Lower rates …
It's always fascinating to me to see what takes off on this app v. what doesn't. 1.) I don't hate all zoomers..I was being a bit tongue-in-cheek…This is the 4th video I've seen this week..First the girl who wore shorts to her interview….Then the girl who was late six times… — Literally Heather (@Shouse34) September …
Job postings are down Double digits 12.4 % year over year to lowest level since April 2021 . Throw out the 50 % below comparison as that was largely states reopening from Pandemic lockdown . The 11.7 above pre pandemic is absolutely anemic job creation and even that is mostly government and struggling families forced …
The American job market, once a symbol of stability and opportunity, is in an unprecedented crisis. Millions of hard-working individuals nationwide are struggling with job losses, forcing families to struggle to make ends meet and causing economic uncertainty. This alarming trend is not an isolated incident but rather a result of various factors brewing beneath …
More women than ever have entered the American workforce. Heady demand for employees combined with more opportunities for remote work and a surge in female entrepreneurs are sending a flood of women into the labor market. Women now hold a record 79 million jobs, and the share of women in their prime working years who …
By Martin Armstrong Unemployment in Canada ticked up by 0.2% in June to 6.4%, yet the economy lost 1,400 jobs. Around 1.4 million Canadians were looking for work as of June 2024, a 42,000 person increase from May. Overall employment has fallen in eight of the past nine months to 61.1% in June. So where …
Teens Skip $50 Jeans in Squeeze of Gas, Job Shortage July 2 (Bloomberg) — The financial pressures of adults are finally catching up with American teenagers. Since summer jobs dried up, gasoline prices topped $4 a gallon and parents ran out of spare cash, teens have had to cool it on spending for clothes. “I’ve …
Voters are “Angry” about the economy as wages fall behind, inflation re-accelerates, and debt and multiple jobs are the only way to make ends meet. Washington has given up trying to fix it, doubling down on inflationary spending, mandates, and welfare. Praying media can… pic.twitter.com/m9ZXx5AnWX — Peter St Onge, Ph.D. (@profstonge) June 26, 2024 Every …
THE FIRST VICTIM OF AI? SOFTWARE DEVELOPERS? Oh, the tables have turned, haven’t they? Just a few years ago, aspiring coders were the golden children, with everyone insisting that programming was the ticket to a secure future. Now, those same software developers are sweating… pic.twitter.com/4CuO2GFFWN — Andreas Steno Larsen (@AndreasSteno) June 19, 2024 Most stocks …
Job openings plummet by 750,000 in two months, totaling a 2 million loss in a year. STAGGERING: US economy actually LOST 192,000 jobs in Q3 2023. In last 30 years, such a drop in employment has happened only in RECESSIONS. Meanwhile, monthly non-farm payrolls were likely OVERSTATED in 2023 by 730,000 jobs, according to Bloomberg.👇https://t.co/aBnhvZ5txE …
US outstrips expectations with 272,000 jobs added in May https://t.co/aXJ5Z4ehoT — Financial Times (@FT) June 7, 2024 Probably nothing https://t.co/Arf3av21Aj — The Macro Guy (@SagarSinghSetia) June 7, 2024 You can't make this up: First you say the economy added ~150K-200K jobs a month to a total ~500,000 in a quarter showing that everything is wonderful. …
Facing rising costs and strategic realignments, Shell is preparing to lay off staff in its offshore wind division, particularly in Europe. CEO Wael Sawan, who has been steering the company away from renewables since taking over, emphasizes a focus on value over volume in the energy transition. Key Points: Staff cuts in Shell’s offshore wind …
The promise of higher education as a guaranteed pathway to a lucrative career is unraveling for many recent college graduates. As they step into the real world armed with degrees and certificates, they are finding it nearly impossible to secure employment in their chosen fields. This growing trend is not only alarming for the graduates …
Walmart cutting hundreds of corporate jobs, asking remote workers to return to office Walmart is about to have hundreds fewer people working in corporate offices, and remote workers are being asked to return to offices, the Wall Street Journal reported Monday. The U.S. retailer is asking workers at offices in Dallas, Atlanta and Toronto to …