'WHAT IS GOING ON?': Steve Forbes sheds light on 'weird' jobs report
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- Опубликовано: 5 янв 2024
- Forbes Media chairman Steve Forbes and former CKE Restaurants CEO Andy Puzder discuss the December jobs report and point out discrepancies among its reporting.
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Most of those jobs are federal folk's. Don't listen to the lies.
LOLOLOLOL. Then quit listening to Fox Entertainment.
Exactly!!! They keep adding gov positions. That's not progress; it's destruction
@@jeannerogers7085maybe you need to stop listening to the lame stream media
Growing government to buy votes. It unconstitutional when you devalue the dollar to buy votes. The government stealing money by printing money and enriching themselves is a 14th amendment Civil Rights violation. Congress only oK'D 2 PERCENT inflation but this guy drove it to 10 percent to raise the funds to hire more into the government Cult.
Most of those jobs include the 87 thousand IRS agents. Lol
If the economy is so good how come I lost over 20K in my 401 K in the last two years, a F joke
Great question! And why have I had to drain my household emergency fund from a 36K balance in 2020 to the current balance of 2300.00 in order to meet increased grocery…fuel… heating/cooling expenses?
@@lizzieb6311 u need 2 ask this of every member of the administration!!!!! Think you'll get an honest answer????
Bad investing. My CD's have done very well.
Exactly. And that's why the dollar is down.
Thank Joe Biden
They're lying. Period.
Says a trumper!
Who Fox? Anybody with some sense could have told you that.
James is right. Lying creates inconsistencies. And Mr roboyoung ad hominem attacks don’t change facts.
@@skyflight99 Come on man, that's got to be a troll or a computer program. All it seems to say is trumper or whaa, wrong jobs. Lame and lazy.
@@elsierodgers4874 That is all MSM including CNN, MSNBC, CBS, ABC, FOX. All of it.
Those numbers have been fixed for political reasons.
Yeah by next fall everything will be great again. On paper
It worked to get Obama his 2nd term. They will try it again.
It was done unconstitutionally too outside of the 2% inflation mandate set by Congress.
No way, the government never lies to it's citizens... 😂
As in “I don’t like the numbers so I claim they’re fixed”
80K new IRS agents we dont need!
we do, thanks to aholes like trump
I have no idea how anybody could say this unironically.
The destruction of small businesses and the people becoming dependent on the government..
what small business? its been fast food and Walmart and them selling chinese made or south America grow stuff.
Destruction of small business is due to rich profiting companies undercutting prices. You know, the way capitalism works.
@@boo4644 3 MILLION people have crossed the border to work. so dont say you cant find a job or get by working.
@@rickyt7666 FOX knows this. thats how they started their corporation. buying up super market rags.
Suggesting that tax cuts are the problem is a disgusting lie. Government spending is 100% to blame for national debt and inflation. Government jobs = government spending. Only the private sector adds strength to an economy.
trillion dollar tax cuts to the rich are a problem, professor.
@@robyoung-pl1gq Not if they're from the private sector student. Despite cuts, employees are being paid and taxed which is the only place government gets its money from in the first place. Slavery was 100% taxation and we're well past that now if you calculate in the debt and 212 trillion in unfunded liabilities. Government spends too much and that's just demonstrable reality.
@@robyoung-pl1gq Wrong, taxing rich you are not really taking from the rich, you are taking from the economy. Everybody who earns more than he is spending is investing the rest. The capitals that rich have are working in the economy, creating jobs, goods, and services in a competitive environment. When government is taking that money it's using it the worst possible way, unproductively and monopolistically. So the more they tax the rich the more they reduce economic output and increase unproductive money supply. That money supply drives inflation higher. That inflation can go into goods, or services, or asset prices, creating a bubble. We've seen all of that in the last 3 years.
@@robyoung-pl1gqLibs are sooooo incredibly ignorant. Lower tax rates have resulted in higher tax revenues, son.
both parties are fiscally irresponsible
one more time… 20,000,000 laid off during covid, 14mil have now gone back to work…. HELLLOOOOO.
It's called lying...
People working 2and 3 jobs just to make it!!!!!
funny how they can find 2 or 3 jobs. when you say they aint none.
@@diegojines-us9pcpart time and no benefits
200k+ jobs added, most of which are government jobs paid for by taxpayers. Great job Joey!
No such thing as taxpayers when the fed reserve is the sole monetizer of the national debt and you're just paying w your well being through working long hours and such.
Nope 52k.
200K jobs would not even account for all the illegal workers the Democrats allowed to cross the border.
All the jobs created in the last two years were people taking multiple jobs. Only 6% of all new jobs were given to what the left consider to be white people.
The People: the economy sucks right now.
Deep State: No, it's good because we say so.
I work for a brand that is #1 in market share.
We’ve slowed down.
If we are slower, imagine companies with a smaller market share. Will they make it through?
There’s more lies told from the government that we can keep up with.
They didnt "add" 215k jobs. They replaced the employees.
Yeah, this administration will look you right in the face and LIE!
😮 . WTFlyingF does that mean ? ? 😐
The "unemployment rate" figure should always be accompanied by an "on welfare and government assistance" figure.
When I took a statistics class my instructor said you could make it look any way you wanted. It depends on how you twist the numbers
Just Remember with Trump as POTUS we all had Peace and Prosperity…..whether you liked him or not !!
Peace, yes but not prosperity when debt is already incurred at a much larger pace due to him borrowing from the fed reserve.
Were you asleep during Trumps last year??? Please check the stats in 2020, then come back.
@@rtquest22your ignorance is showing
@@albertadcock6862 and I can say the same of you. Maybe you should ask the politicians in Congress how much money they borrowed without honest taxation. Call them out on it instead of blaming the boogeyman.
@@rtquest22 President Trumps tax reductions were good for America. Wake up
New jobs? 80,000 more armed IRS agents?
FAKE STATS
Always.....
Government jobs shouldn’t count. They should only count jobs in the private sector where the market is. The government is a non profit monopoly, that pays for itself by confiscation from the private sector. That is a parasitic part of our economy, and lumping those jobs in with private sector jobs that must produce or will be eliminated, muddies the information the jobs report is supposed to convey.
They should not even be allowed to vote. We can offshore those jobs to places that can do a better job. Teachers can be outsourced these days and just about all of government can be outsourced.
Waaaahhhh! wrong kinda jobs!!! Waaaahhh!!!
Shut up, they count, tired of you i d i o t s!
@@Joe-pz4pj Wait.. So you're saying our government isn't ran offshore? Huh
I kid I kid
@@peskypeet Yes it is run from offshore, definitely. My complaint is the offshore pay should follow,. When people in government vote to get better pensions or better just about everything than the private sector and their work sucks. Biden is destroying the dollar so he can hire more government parasites when many of the functions can be done offshore. I even have an offshore computer programmer that I use that helps me.
I think the job non participation percentage of 40+% in the face of mass illegal immigration is what really stands out as disturbing…how in the hell is the unemployment rate only 3%? Such BS
They simply don't count the millions that have come here illegally in the last few years as unemployed, even though the taxpayer is funding their living expenses like health care, education, etc. Our government is playing games with numbers and we are getting screwed.
37% civilian true unemplyoment rate, 37 PERCENT
@@crb4059Did Bannon tell you such a number? Or did you pull it out of your a$$?
In the time when every government agency is constantly lying, people for some reason believe BLS reports. I think politics got into every corner of economy as well. I wouldn't be surprised when a new administration comes in 2025 all of a sudden everything will be revised and the market tanks.
@@crb4059 Trumpers....
Most factories are seeing less demand which is a major red flag. Things will get worse until Obiden is gone.
Business has picked up noticeably this year….we have already noticed it as we are now working several Saturdays to start off January. I don’t see the red flag as I talk to my comrades throughout the country and the increase volume. We still can’t find enough employees….just not enough potential workers out there unemployed.
@@Andrew-pp2ql
You mean that there are not enough qualified workers out there. Plus the other side of the coin is that there are the ones who don't want to give up the Free Stuff and work for it.
@@jamesakers1175 yes and no…the wage market is very competitive right now….hiring is more difficult when many options are available for potential employees. Sometimes….we do turn people down for lack of skills for the higher wage positions that is true…..but even the entry level positions are difficult to fill…as the entry level wages of 20 an hour is problematic as everyone pays 20 dollars an hour today. Of course….our wages scale up to over 40 an hour plus overtime if we can get people Invest their time they will come out ahead ( 80-100k yearly income for skilled workers plus 8.5 percent contribution by the company to one’s 401k). As for free stuff might be true in a minority of situations but free stuff adds up to little is the misconception people have that everyone lives this grand life style off the government and choose not to work which is simply not true. Living in a tent in the cold on the street and getting free food to survive with basic clothing provided is not considered better than working for the vast majority of people. More likely that parents self enable their grown children by providing free stuff….housing, food, etc….than is done by the government and some blame (if one wants to place it) probably lies there.
Save us Dictator Donnie!!!
What proportion are "second jobs" for citizens, what are "part-time" or temporary, what new jobs do still not help the 'family expenses.' ?
Adding government jobs is a way to rig or falsify the jobs reports. Government jobs actually hurt the economy since they’re paid for with taxes paid by non-government workers.
Waaaahhhh! wrong kinda jobs!!! Waaaahhh!!!
Oh please, stop, getting tired of these negative replies, just shut up!!
@@psongman9536 If you're talking about robyoung the commentator above you're absolutely correct. How many times can a person or computer reply the same exact thing before it gets flagged as spam?
@@peskypeet NO, I'm talking about people making a big deal about the kinds of jobs. This administration is accomplishing so much in just three years , it is so rewarding!
@@psongman9536 lol Nice trolling.
Carry on
What all you journalists fail to mention about the job? Is that Americans are having to take second jobs. If you would get out from underneath your desk and come out here in the real world, it would give you more talking points.
And retired people taking on minimum wage jobs.
That's nothing new.
They will stay right where they're at and just lie to you.
they more americans not working that are. thats why the Mexicans are allowed in. just simple. if not try and build anew house right now. if you find someone they got a crew of Mexicans.
@@pamelag.00yes
The last report they were off by seventy thousand
Strange how even though your average American wants less government they added more gov jobs. More government jobs means more wages paid by your local, state & Fed tax money. Sounds like more government spending to me.
I was 43 when I took my first government job. Paid vacations, paid sick leave, paid holidays -- I had never been paid for a day not working before. And they had Health Insurance, Dental benefits, paid-in retirement, Cost of Living adjustments (COLAs) and no weekend work. AND because the bar is pretty low, my opportunities for promotion were high, too. "WOW" I said. "Where have you been all my life? "
@@humboldthammer most people are in love with what they perceive as “free”
@@shaunstark4263 "in love" now there's a word assigned too many meanings. So is "free". The ONLY Proof of God, is that which you find already within you. Seek there and you shall find. Or so says the Hypothesis.
You should prepare for the experiment. It must be YOUR active choice to find God. If you don't want to find God, you won't. The evidence suggests that many never truly desire to find God, until they have been traumatized or hit rock-bottom. Fortunately, that is not a requirement, but it partially explains why so many already-broken people are believers.
Obviously, there is no punishment for non-belief. And I tell you now, believe me or not, there is no hell for the man-beast.
One must CHOOSE to find, to love, and to serve God, without fear of hellfire, nor with expectation of reward. God forces no one. Free Will is a fact.
To be used as a starting point for further investigation.
Holiday Jobs? It wil drop in January. Common Sense.
I love President Trump, but if Ron runs on a flat tax.. I can't do it, I'm still voting, Trump.
Explain why you love a guy who ranted about EJ Carroll over 40 times online.
I LOVE PRESIDENT DONALD TRUMP ❤️🇺🇸🇺🇸❤️🇺🇸🇺🇸TRUMP AGAIN ❤️
@yvonneplant9434 I honestly don't know who EJ Carrol is, but I don't see why this would be relevant to me nor do I care because I vote for presidents based on policies not gossip. He has his personal life and so do I, low taxes less regulations, secure borders, fare trade, America first, and drain the swamp. It's not personal, it's business.
Unfortunately, Ron showed himself to be a fake dork. Well... A real dork, but a fake person.
@BoratM.Sagdiev If Ron was as passionate and defensive as Vivek, he would probably get my attention, but my vote is going to Trump by default.
I love Steve Forbes! Smart guy
This isn’t hard to figure out……THEY’RE LYING. Duh
How many of those jobs were just seasonal?
Waaaahhhh!
Sounds like there is some lying going on with the jobs report.
Sounds like trumpers can't stomach the truth
@@robyoung-pl1gq sounds like you’re spewing media talking points
sounds like you're spewing right wing bs@@shaunstark4263
Yes, something wired is going on great job's report but super bad debt report spells inflation not under control
You only go into debt when you spend more than you have.
I know people that need jobs but can’t find a decent jobs. Such lies!
Weirdness? LIES IS MORE TO THE POINT... Everything out of their mouths are LIES 😔
Numbers don't lie!!!
Govt just continues to grow. Adam Smith would giggle at reports such as this.
I love that big 3.2% increase SS wow I might be able to get 2 ply toilet paper now from the dollar store😊
New Jobs or "Returning Jobs"?
Not new unless you want to count things like 89,000 new IRS jobs, which he is counting. Some of the jobs that were closed during the pandemic never came back and I can't remember a new factory opening in the past 3 years that is strictly American-funded production, can you?
Most of what Biden is trying to push are jobs that returned. Biden is a flat-out liar on the numbers he is pushing as something that resulted from his policies which show clearly on the borders of a nation he is a traitor to. Once a liar always a liar and Biden is the biggest liar in centuries, all you have to do is look around and it is obvious he has done nothing to favor this country and its future existence.
With a regime that spends 2 trillion a year beyond their income a simple tax system being passed is like me flapping my arms and flying.
Pencil pushing doesn't mean transparency. Minimum wage jobs don't count.
Yeah jobs for the illegal immigrants
Even the fake numbers are getting fu*ked
The economy is completely manipulated
Unless your approved guy is in charge then is not
@@Joaopereira-dh3dw politics is completely manipulated, as well
I like what DeSantis is proposing I spend 75% of my time at work keeping track of income & expenses and collecting sales tax for the government! By the way, we as a business does NOT get paid for all our work and expenses for being tax collectors for the government.
DON'T BELIEVE IT!
"The ECONOMY added 260,000 Jobs ...." That's how it works! Politicians don't create Jobs!
*_N I C E_* and Confidently / Justifiably *Accurate* closing, Mr. Forbes.....!!! 👌 🙏
I would like to see a flat 9% sales tax and no income tax. That way the more you save...the more you save.
This is definitely the way to go! That way who doesn’t pay taxes now WOULD pay taxes. Exemption or credit for lowest income American. Just think: when an illegal buys an expensive car he has to pay tax! When a drug dealer buys a multimillion $ house he will pay taxes! No exceptions!
@@michaelfrazier9003 Yes but this could lead to less buying and spending which in turn will hurt the economy. Less people buying goods= layoffs and fewer jobs. A flat tax on gross income would be better for this reason it could still be tiered if needed to be fair but enough with all the loopholes. Also instead of Trumps tax cuts for all businesses there should be a qualifier for % of work being outsourced if you outsource your labor = no tax cut for you. On top of tariffs. We need to get back to building everything here I dont care if it results in CEO pay being measured in millions instead of billions its whats needed and best for America.
The majority of the tax burden would be middle class and poor under that system. Wealth gap increased etc.
The problem with a flat income tax is that it will never stay flat. It will increase to a point where it will be as high as it is with current system but with 0 deductions. It will increase like every other tax.
BAD Idea. Poor and Retired will face Taxes without income exemption...
Layoffs are coming. 2nd quarter! America First
All the other departments are shady, so why not labor.
4 million illegal border crossers released into the country. They don't get counted in any census or unemployment statistic, but if any of them take a job, that gets counted as a "new job created" under Joseph.
Recently, I have seen an increase in job applicants with work histories showing 6 jobs worked over the past 4 years. They never held a job long enough to be able to qualify for unemployment benefits or stayed unemployed long enough to collect unemployment benefits. Such people are great to pad Joseph's new jobs numbers while not impacting the jobless numbers.
17 million
Closer to 15 - 20 million.
no but they get counted as finding a new job. and if they lose them they are counted as unemployed. adn its not time for a census so you dont counted right now. by the they aren't illegal.
@@diegojines-us9pc sure man, now pull my right nut and it'll play jingle bells.
They hired a bunch of people at Amazon and laid them off right after Christmas so idk if that’s something a lot of businesses did but that seems like a reasonable explanation for an increase in jobs for December but not sure if it matters in the grand scheme of things. Just my observation
It's been proved that the FAIR Tax, not a flat tax, is the only equitable tax. With a flat tax the more you make the more they still take. With the FAIR tax everybody pays in accordance with how much they purchase in goods and services. This way every person in the country, including illegal aliens and tourists, pay. Nobody avoids it. No longer would you be punished for having the ability to be paid well for your expertise. Also the IRS has 80,000 employees and costs the taxpayers $15 Billion per year. But, I won't hold my breath as the corrupt politicians would not be able to have power over the IRS if it disappeared.
Yes on FAIR TAX!
@@michaelfrazier9003 Unfair taxes are the only kind.
Trump 2024!
OMG! You mean they're lying? LMAO!
All the people coming into the country, there no jobs left they will all be gone.
The best President of my lifetime of 66 years ❤. He will save our Country again and I am voting for him for the third time. USA 🇺🇸 MAGA ❤TRUMP 2024.
What year did you start paying attention to politics?? Be honest
I am 100% for flat tax and term limits. Is there ANYONE in congress that has the courage to get behind these? No fricking way!!!
Vivek Ramaswamy
They will also lower this Jobs report so I don’t get excited!
I'm supporting my mom right now. She's been trying to get a job since last July but no one is hiring. I only have about 200 to 300 dollars extra for food and needs and its very hard to try and save with the inflation and expenses now and it feels like my generation has no hope. Only work and spending with 20% taxes. No money in our pockets. Thanks Biden for ruining us!
200k+ jobs added, most of which are lawyers for the Buy'den's and 2o24-baIIotscamers paid for by taxpayers. Great job Joey!
He has little to do with jobs, unless you consider his policies, which lead to more being added!
@@psongman9536 You have little to do with intelligence, unless you consider your level of retardation, in which you have the highest level !
The jobs report is smoke & mirrors every month, and every month, "corrections" sharply reduce prior job numbers. Full-time jobs are declining, replaced with P-T jobs. Actual numbers of the employed are declining as people take second & third P-T jobs to try to keep up with inflation. The job market is a mess, and govt reports are deceptive.
Nice try, will you people stop with these false deflections and distractions, you are deceiving the American people!
Who does these charts they need to be investigated😮
Want to say money get rid of the FBI, DOJ,Dea and the ATF
There is no Drug Prohibition Amendment. The DEA is illegal.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Margaret Johnson Arndt for about five years now, and her performance has been consistently impressive.
thank you for this tip , I must say Margaret, appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
At liberty mutual, you only pay for what you need.
He helped all Americans! We were in much better shape when he was President because he cared. The bottom line is worse because of O'Biden and Bernie! We want our America back! God bless Donald Trump and our USA!
Her vocal fry could start a match
FJB!
Still remember a long time ago when Forbes ran for president 😂
The problem with a true flat tax is the rate. Without an exclusion, the poor would be paying a greater portion of their income in taxes. Secondly, the real problem is the complexity of other items included in the tax returns.(credits, deductions and exclusions). A better system would be a accumulated system similar to the old estate tax. The rate would be progressive, the income would be all income ever earned, and reduced for taxes previously paid. The rate should be zero for basic cost of living (60 yrs @ 20,000)
Ron learned and talks with Vivek's points.
Do not tax the worker but the spender.
Do not count tax payer generated government jobs.
You probably have noticed that every month we get two different "jobs added" numbers. The first is the beforehand prediction by a select group of economists, and the second is the actual number. This has the effect of confusing the public about the real number. The only rationale that I can see for the prediction is to create some aura of authenticity about these economists, who actually know very little and are virtually always wrong. So why mention it?.
How do economists count cows?...
They add up the teats and divide by 4
A flat tax! Ron DeSantis would certainly get my boat if he were to implement a flat tax.
Bush 43 ran on the same platform. ALL hot air
@@whistleblower1238 the Democrats put many roadblocks on Bush's agendas, hence why flat tax was never followed through.
@@whistleblower1238 I’m with you and you are right. But I can still dream, can’t I?
*We wouldn't need a flat tax if the people in our government would stop wasting money. Use what you get and nothing more!!!*
Paying back election money to support some agenda that is wasteful by enacting legislation that pays the contributors more than they put in just to run propaganda ads?
Giving out grants for things that amount to nothing such as, why you spill coffee from an open cup when walking. Money that will never be seen again and not even taxable; is pretty wasteful.
Think about it this way; If the government needs more money why is it so bent on bringing in millions of people who have no skills and have no jobs available to them to pay it back and expect everyone who has paid taxes to support them? The more that become dependent on the government only reinforces laziness and Biden has imported millions of lazy people who think this country and its citizens owe them something. We owe them nothing and a flat tax will not fix that either when the government is controlling the amount of flat tax you would pay, would it? *What we have now is taxation without representation and we all know what that caused when the Revolutionary War started, don't we?*
Taxes flatten everything.
Flat tax best solution benefits everyone stability growths successful results. Agree with Steve.
You better think better about what you agree with. A flat tax that is controlled by a government that has no self-control will take 50% of your pay and there will be nothing you can do about it if 50% is paid out by everyone while the cost of things rises 52% and the government keeps wasting more. You can bet they will also want taxes at the pump and all retail outlets to tack onto that, so you would effectively be subject to a salary that equates to .20 cents on the dollar and the government wastes the other .80 cents. Sounds like socialism to me.
Someone's Cooking the numbers!
Classic, the good news is the numbers, the bad news is grocery price gouging. Who’s to blame for that ?
Greedy right wing CEO's, professor
WHAT IS THE NUMBER WHEN YOU ADD ALL THE ILLEGALS?
The two previous jobs were later revised downward significantly. Seems to be the pattern: Juice up the report then quietly revise it downward to the real number after the news cycle changes.
So odd that Forbes isn't making reports on his own YT channel.
Key word is "revisions."
Next time Maria takes time off I really hope she gets a replacement who's easier to listen to!
I feel the December and January jobs report always involve seasonality, as do the June, July, and August jobs reports. To not include seasonality is disengious.
Why can't our federal government ever be truthful? We expect propaganda from Communist governments but not from our US Government.
It's called "cooking the books".
Criminals are notorious for this tactic.
I love the flat tax idea. Being single and making $200K a year, I pay a lot of Federal taxes. I want to keep more of the money I earn.
Steve Forbes should run for POTUS, he’s extremely knowledgeable
Listen to Mr. Forbes. He had a great teacher.
They are playing with the numbers.
Christmas temp jobs and government agency's jobs .Flash in the pan jobs.
They are lying the steel factory were I work already layed off 8 people.
All the job increases where given jobs that have been created
87000 IRS Storm troopers where hired
Or perhaps people know if you work for the government, you’re set and it’s not easy to fire you
They are cooking the books. Numerical mumbo jumbo. Toilet cleaners and fast food.
We have had a Congressional bypass defacto flat tax along with our regular taxes since the Fed has been printing money these past few years.
Weirdness is the only spit ball he can muster. Take a Bow Joe
Cook the book report on job market.
they call dollar hour a job 👈
Ron said flat tax as long as "everyone pays less". Yeh, that's a mathematical impossibility because we have many people today who don't pay any taxes, so any flat tax would be "paying more". Ron is being disingenuous with his proclamation.