Discover and read the best of Twitter Threads about #employment
Most recents (24)
*🔴BREAKING*
*🔹🔸“2 கோடி வேலைகள் உருவாக்குவோம் என பொய் வாக்குறுதி கொடுத்து, 2 லட்சத்திற்கும் மேற்பட்ட வேலைகளை அழித்துள்ளார்கள்” - ராகுல் காந்தி*
*பொதுத்துறை நிறுவனங்களில் பறிபோகும் வேலைகள்!*
*ஒன்றிய அரசுக்கு ராகுல் காந்தி சரமாரி கேள்வி!*
*✍️"இந்தியாவின் பெருமையாக கருதப்பட்ட
*🔹🔸“2 கோடி வேலைகள் உருவாக்குவோம் என பொய் வாக்குறுதி கொடுத்து, 2 லட்சத்திற்கும் மேற்பட்ட வேலைகளை அழித்துள்ளார்கள்” - ராகுல் காந்தி*
*பொதுத்துறை நிறுவனங்களில் பறிபோகும் வேலைகள்!*
*ஒன்றிய அரசுக்கு ராகுல் காந்தி சரமாரி கேள்வி!*
*✍️"இந்தியாவின் பெருமையாக கருதப்பட்ட
பொதுத்துறை நிறுவனங்களில் வேலை பெறுவது இளைஞர்களின் கனவாக இருந்தது;*
*✍️ஆனால், |பொதுத்துறை நிறுவங்களை ஒன்றிய அரசு மொத்தமாக மறந்துவிட்டது;*
*✍️2014ம் ஆண்டு, பொதுத்துறை நிறுவனங்களில் 16.9 லட்சமாக இருந்த வேலைகளின் எண்ணிக்கை, 2022ல் 14.6 லட்சமாக குறைந்துள்ளது;*
*✍️ஆனால், |பொதுத்துறை நிறுவங்களை ஒன்றிய அரசு மொத்தமாக மறந்துவிட்டது;*
*✍️2014ம் ஆண்டு, பொதுத்துறை நிறுவனங்களில் 16.9 லட்சமாக இருந்த வேலைகளின் எண்ணிக்கை, 2022ல் 14.6 லட்சமாக குறைந்துள்ளது;*
*முன்னேறும் நாட்டில் வேலைகள் குறையுமா?*
*📌BSNLல் 1,81,127*
*📌SAILல் 61,928*
*📌MTLNLல் 34,997*
*📌ECLல் 29,140*
*📌FCIல் 28,063*
*📌ONGCல் 21,120 வேலைகள் குறைந்துள்ளன*
*✍️ஆண்டுக்கு 2 கோடி வேலைகள் உருவாக்குவோம் என பொய் வாக்குறுதி கொடுத்து, 2 லட்சத்திற்கும் மேற்பட்ட
*📌BSNLல் 1,81,127*
*📌SAILல் 61,928*
*📌MTLNLல் 34,997*
*📌ECLல் 29,140*
*📌FCIல் 28,063*
*📌ONGCல் 21,120 வேலைகள் குறைந்துள்ளன*
*✍️ஆண்டுக்கு 2 கோடி வேலைகள் உருவாக்குவோம் என பொய் வாக்குறுதி கொடுத்து, 2 லட்சத்திற்கும் மேற்பட்ட
He has BLOCKED me but @profholden once asked for a “formal theory” of MMT. Well here it is.
The model examines two claims of Modern Monetary Theory: 1) The government determines the price level through the prices it pays when it spends. 2) Deficient demand results when the government does not supply enough currency to meet private demand. #MMT 🏛️💸
The model builds a "monopoly money" framework where the government sets the "price of money" through its spending. While private actors recirculate government currency, they depend on the government as the monopoly supplier. #MonopolyMoney 💰📈
"The Significance of Trading: Benefits and Drawbacks"
A thread 👇🏻🧵
A thread 👇🏻🧵
Trading plays a vital role in the global economy. It facilitates the exchange of goods, services, and financial instruments, bringing numerous benefits and some drawbacks. Let's explore its importance and advantages/disadvantages in this thread. #TradingMatters
Importance of trading #1: Trading promotes economic growth by expanding market reach. It allows businesses to access a wider customer base, both domestically and internationally, driving competition and innovation. #EconomicGrowth #MarketExpansion
We’ve seen the pace of #payroll gains decelerate to roughly the monthly trend pace from the last expansion; consensus has been waiting for this moment and expected a 195,000 job gain in May, but the data printed considerably stronger at 339,000 #jobs gained.
The three-month moving average of #nonfarm payrolls sits at 283,000, down from 334,000 jobs at the start of the year, but what the #LaborMarket imbalance needs is more supply and more slack.
The #unemployment rate ticked up to 3.65%, close to its 12-month average level, and average hourly #earnings (a volatile figure) gained 0.33% month-over-month and 4.3% on a year-over-year basis.
May employment report came in mixed with both NFP and UR increasing.
Again, no Wall Street analyst came nowhere close to guessing the headline number with the highest estimate missing it by 129K.
What does that all mean for the #Fed?
A thread.
1/11
Again, no Wall Street analyst came nowhere close to guessing the headline number with the highest estimate missing it by 129K.
What does that all mean for the #Fed?
A thread.
1/11
NFP rose for the 29th M in a row with +339K which is 149K above consensus (+190K).
Apr number was revised up by 41K from +253K to +294K.
Total gain in Apr and May is +633K, 190K higher than expected (+443K).
#employment
2/11
Apr number was revised up by 41K from +253K to +294K.
Total gain in Apr and May is +633K, 190K higher than expected (+443K).
#employment
2/11
At the same time UR jumped from 3.4% (cycle low) to 3.7%, the highest since Feb 2022 and the same as in Aug and Oct 2022.
#unemployment
3/11
#unemployment
3/11
DAY 3 OF 7
#FastingAndPrayer #Employment
MAKE YOUR REQUESTS KNOWN TO GOD
Yet you don’t have what you want because you don’t ask God for it. And even when you ask, you don’t get it because your motives are all wrong—you want only what will give you pleasure.
James 4:2-3 NLT
#FastingAndPrayer #Employment
MAKE YOUR REQUESTS KNOWN TO GOD
Yet you don’t have what you want because you don’t ask God for it. And even when you ask, you don’t get it because your motives are all wrong—you want only what will give you pleasure.
James 4:2-3 NLT
PRAYER
Father, please fix the state of my heart. May I never ask you for things because of pride, jealousy, or competition. If I have ever done this, please forgive me and deliver me from these spirits. Your word tells me that you have plans for my life (Jeremiah 29:11). Please
Father, please fix the state of my heart. May I never ask you for things because of pride, jealousy, or competition. If I have ever done this, please forgive me and deliver me from these spirits. Your word tells me that you have plans for my life (Jeremiah 29:11). Please
let me know what these plans are, and help me to execute them in Jesus' name.
“Keep on asking, and you will receive what you ask for. Keep on seeking, and you will find. Keep on knocking, and the door will be opened to you. For everyone who asks, receives. Everyone who seeks,
“Keep on asking, and you will receive what you ask for. Keep on seeking, and you will find. Keep on knocking, and the door will be opened to you. For everyone who asks, receives. Everyone who seeks,
DAY 2 OF 7
DEMOLISHING EVIL ALTARS
#FastingAndPrayer #Employment
When evildoers want to destroy a person, they erect a spiritual system called an ALTAR. An altar is a source of power that is responsible for forming and giving directive to whatever spirits that its owner needs.
DEMOLISHING EVIL ALTARS
#FastingAndPrayer #Employment
When evildoers want to destroy a person, they erect a spiritual system called an ALTAR. An altar is a source of power that is responsible for forming and giving directive to whatever spirits that its owner needs.
Altars can be both evil and good, depending on who the priest (owner) of the altar is. It is good for every man and woman of God to have altars in their homes because spiritual battles are BATTLES OF ALTARS.
Please read the book of Numbers 22, 23, and 24 - all 3 chapters.
Please read the book of Numbers 22, 23, and 24 - all 3 chapters.
Please come and curse these people for me because they are too powerful for me. Then, perhaps I will be able to conquer them and drive them from the land. I know that blessings fall on any people you bless, and curses fall on people you curse.”
Numbers 22:6 NLT
Numbers 22:6 NLT
📢We are *LIVE*!📢
Excited to hear from Joe Tarbert, former criminal defense barrister & current Impact & Partnerships Manager @redemptionroast - a UK org that aims to teach and provide ex-offenders professional roastery & barista skills + have real #impact.
Excited to hear from Joe Tarbert, former criminal defense barrister & current Impact & Partnerships Manager @redemptionroast - a UK org that aims to teach and provide ex-offenders professional roastery & barista skills + have real #impact.
"We are a business with a #social impact. We provide training but also #employment for guys after they leave #prison." ... "They'll lern everything from roasting, to packaging, to delivery. They are paid for their time. And on release, connected to the employment support team."
"Guys are v. excited to get behind a coffee machine, seeing how it works, and how to make a coffee. We move away from 'theory behind coffee' to actually doing it: learning whilst doing. Guys love it. They become more confident [...] It gets competitive. But they love the process"
In testimony before #Congress yesterday, @federalreserve #ChairPowell unsurprisingly displayed resolve that the central bank’s fight to return inflation closer to its 2% target is unfinished and that the historical record suggests that relenting too soon would be a mistake.
Chair #Powell signaled more rate hikes and a higher terminal rate than previous #Fed projections, and an openness to adjust the pace of rate hikes depending on the totality of the data.
With the strength recently witnessed in the #LaborMarket data, in various #inflation measures and in #economic growth readings more generally, this resolve by policymakers would seem to be not only required, but critical to returning inflation to more normal levels.
During his State of the Union Address, President #Biden announced his 4-part Unity Agenda. It includes “Supporting America’s Veterans and Their Families, Caregivers, and Survivors.”
whitehouse.gov/briefing-room/…) #veterans #SOTU #SOTU2023
whitehouse.gov/briefing-room/…) #veterans #SOTU #SOTU2023
Last year the #Biden Administration expanded benefits for #veterans, #caregivers & survivors. In 2022, @DeptVetAffairs processed an all-time record 1.7 million @VAVetBenefits claims & delivered $128 billion in earned benefits to 6.1 million veterans & survivors. #POTUS
Jan NFP came in 200K+ above the highest Wall Street estimate, UR came in lower than expected, while AHE came mostly in line.
How come Wall Street analysts were all so off?
What does that say about the labor mkt?
Let's dig deeper.
A thread.
1/24
#Fed
How come Wall Street analysts were all so off?
What does that say about the labor mkt?
Let's dig deeper.
A thread.
1/24
#Fed
Before analyzing the final data, let me explain adjustments and revisions BLS does every Jan:
1) revisions to Establishment Survey data and
2) adjustments to population estimates of the Household Survey
#employment
2/24
1) revisions to Establishment Survey data and
2) adjustments to population estimates of the Household Survey
#employment
2/24
NFP revisions were done only to reflect revisions of total #employment on Mar 2022.
This means that the Philly #Fed report that found 1.1M overstated jobs in Q2 is not reflected in these revisions.
This won't get reflected until Feb 2024.
3/24
philadelphiafed.org/-/media/frbp/a…
This means that the Philly #Fed report that found 1.1M overstated jobs in Q2 is not reflected in these revisions.
This won't get reflected until Feb 2024.
3/24
philadelphiafed.org/-/media/frbp/a…
"One of the sharks asked me why I looked so happy. People with disabilities are portrayed as sad and depressed. My episode bust these stereotypes.
@AtypicalAdv
#Entrepreneurs #StartupIndia #InclusiveIndia #SharkTank
@AtypicalAdv
#Entrepreneurs #StartupIndia #InclusiveIndia #SharkTank
You might develop new stereotypes after watching that episode that people with disabilities are strong, opinionated, full of confidence, and with hard work, they can triumph over all adversities.
This story is about celebrating inclusion in a very true sense, says #VineetSaraiwala, who runs #AtypicalAdvantage -- which claims to be India’s largest #inclusive #employment platform for people with disabilities across India.
The US Federal Reserve has two imperatives: keeping #employment high and #inflation low. When these conflict - when unemployment goes near-zero - the Fed forgets all about #FullEmployment, cranking #InterestRates to "cool the economy" (AKA "increasing #unemployment"). 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/01/19/cre… 2/
pluralistic.net/2023/01/19/cre… 2/
An economy "cools down" when workers have less money, which means that the prices offered for goods and services go down, as fewer workers have less money to spend. 3/
Today's #blog covers why the #pain #trade is likely higher over the next few weeks as #sentiment improves and too much money is offside.
realinvestmentadvice.com/the-pain-trade…
realinvestmentadvice.com/the-pain-trade…
#Bullish optimism is building around:
- #Fed cutting rates
- #Economy will avoid #recession
- #Employment remains strong.
- #Earnings have corrected enough
Risk to that view remains a recession.
realinvestmentadvice.com/the-pain-trade…
- #Fed cutting rates
- #Economy will avoid #recession
- #Employment remains strong.
- #Earnings have corrected enough
Risk to that view remains a recession.
realinvestmentadvice.com/the-pain-trade…
It is called the “#paintrade” because it is the opposite of how #investors are currently positioned. Investor sentiment remains historically #bearish despite improvement since the October lows.
realinvestmentadvice.com/the-pain-trade…
realinvestmentadvice.com/the-pain-trade…
Today’s #JobsReport was a clear indication that #LaborMarket dynamics are softening. For example, the 3-mo. moving average of nonfarm #payroll growth sits at 247k jobs, after a higher-than-expected print of 223k jobs for Dec, in contrast to 2022’s average mo. #job gain of 375k.
Hey everyone, let's talk about economic calendars! An #economiccalendar is a tool that helps traders and investors keep track of important financial events and data releases. 1/n
This includes things like central bank meetings, #GDP reports, and #employment figures. By knowing when these events are happening, you can make informed decisions about your investments.
2/n
2/n
Most economic calendars also provide information on the expected impact of each event. This can help you gauge how markets are likely to react to certain news. I loved the way @Investingcom explains the impact.
3/n
3/n
Research says most people who use drugs are men. And many people think there is no reason to involve #women in #drugpolicy. But they are mistaken. The drug phenomenon is not #gender neutral.
Why a #feminist perspective is essential 👉💡🧵...
Why a #feminist perspective is essential 👉💡🧵...
Due to gendered norms and notions of #femininity that are incompatible with #drugs use, the complex realities of women are often ignored. However, a growing movement is trying to shift this perspective to better understand the unique challenges that female users face.
Mixed bag of UK labour market data... (short 🧵)
#Unemployment rate down on the quarter but up on the month, and flattered by rise in number of people no longer actively looking for work (incl. long-term sick)
#Employment rate (first chart 👇) still below pre-Covid levels...
#Unemployment rate down on the quarter but up on the month, and flattered by rise in number of people no longer actively looking for work (incl. long-term sick)
#Employment rate (first chart 👇) still below pre-Covid levels...
Earnings data a little better than expected: average total #pay (incl. bonuses) rose 6.0% in 3m to September and regular pay (excl. bonuses) by 5.7%, although still falling in real terms.
And early PAYE estimates for October point to a 6.0% increase in median pay last month...
And early PAYE estimates for October point to a 6.0% increase in median pay last month...
Payroll #employment rose another 74,000 in October and remains on strong upward trend.
But separate Labour Force Survey suggests total employment (incl. self-employment) is much weaker.
Both measures have pros and cons - take your pick!
But separate Labour Force Survey suggests total employment (incl. self-employment) is much weaker.
Both measures have pros and cons - take your pick!
In light of the recent wave of #layoffs from Meta, Redfin, and others, I'm noticing a major increase in stress and general anxiety. Even people with stable #employment are wondering about their future.
To stay safe, here are 5 ways you can future-proof your income: 🧵
To stay safe, here are 5 ways you can future-proof your income: 🧵
1. Explore Freelancing.
Platforms like @Upwork can be a great way to generate some additional income at your own pace.
You can find part-time and full-time opportunities depending on your skill set.
In 2022, I managed to generate over $50,000 from freelance projects.
Platforms like @Upwork can be a great way to generate some additional income at your own pace.
You can find part-time and full-time opportunities depending on your skill set.
In 2022, I managed to generate over $50,000 from freelance projects.
2. Learn new skills.
Platforms like @coursera provide tons of free learning courses with treasure troves of information.
You can learn at your own pace and add valuable high-income skills.
In 2022, I managed to complete over 4 courses on the platform.
Platforms like @coursera provide tons of free learning courses with treasure troves of information.
You can learn at your own pace and add valuable high-income skills.
In 2022, I managed to complete over 4 courses on the platform.
Earlier this week the @federalreserve raised #policy rates at an extraordinary 75 basis point increment (its fourth time doing so this year), in an attempt to moderate excessively high levels of #inflation.
Still, if the central bankers were hoping to see signs of slowing in the persistently solid #LaborMarkets, as an indicator that policies were slowing growth and in turn #inflation, they may be somewhat disheartened by today’s data.
Indeed, nonfarm #payrolls increased by 261k jobs in Oct, with private employment rising an average of 262k/month over the past three months, which does not yet imply that the slowing that policymakers believe we’ll need to see to tame #inflation has arrived.
The @federalreserve’s #FOMC has now moved in 75 basis point increments four times this year to get to a sought-after #policy destination very quickly.
Yet, the destination seems to have moved further away with each subsequent elevated #inflation print, and with #employment in the country remaining very tight.
Hence, while moving the #FederalFunds rate at a very fast 75 bps increment seemed almost inconceivable several months ago, especially as the #Fed was still undertaking quantitative easing (#QE) in March, we have become used to this extraordinary increment.
There is no point in arguing about employment today; there is a lag between tightening and the #HOPE cycle. Claims and UR didn’t rise until 4Q of 2000 and 2007. Until then people thought “employment was strong” … just like today. #macro #employment
If claims and the UR aren’t rising by mid 2023 then you have an interesting discussion. #macro
Proof is in the charts (and pudding). #macro $SPY
#PCE #Core #Inflation keeps rising.
Main indicator for the #FederalReserve when judging whether or not to continue raising #interestrates.
#Powell was quite clear in his speeches that they will continue raising "into pain" as long as price stability is not achieved.
🧵
Main indicator for the #FederalReserve when judging whether or not to continue raising #interestrates.
#Powell was quite clear in his speeches that they will continue raising "into pain" as long as price stability is not achieved.
🧵
By "into pain", they are primarily referring to their dual mandate of price stability (#inflation) and maximum #Employment.
But there is not much pain showing up in the job market.
Last weekly jobless claims hit a 5-month low.
reuters.com/markets/us/us-…
But there is not much pain showing up in the job market.
Last weekly jobless claims hit a 5-month low.
reuters.com/markets/us/us-…
So to summarize, #TheFed has 2 jobs:
1. Reduce #inflation (not done)
2. Maximize #employment (done)
And they've been adamant about raising #rates until 1. is done, even at temporary setbacks to 2.
Unless they plan on pulling a #BoE, anything short of #75bps/#100bps is hopium.
1. Reduce #inflation (not done)
2. Maximize #employment (done)
And they've been adamant about raising #rates until 1. is done, even at temporary setbacks to 2.
Unless they plan on pulling a #BoE, anything short of #75bps/#100bps is hopium.
Today’s @federalreserve’s Federal Open Market Committee (#FOMC) meeting witnessed another historic 75 bps increase to policy rate levels (to a range of 3.0% to 3.25%) in an effort for the #CentralBank to manage its number one priority: fighting persistently high #inflation.
The #Fed, including in today’s meeting statement and in the Chair’s press conference, has been clearer than arguably any central bank in identifying its current goal and moving #InterestRates and #liquidity provision to achieve it.
