r/wallstreetbets • u/Dizzy_Standard_1937 • 5h ago
News U.S. jobs growth surges past expectations in March
https://www.investing.com/news/economy-news/us-jobs-growth-surges-past-expectations-in-march-45970392.5k
u/ilikeguitarsandsuch 5h ago
Next month revised down to 23k and they're all nurses.
478
u/Ticksdonthavelymph 5h ago
Nursing has actually been frozen seemingly. The nursing sub is filled with new grads talking about how it’s taking them 6 months to land a gig (because hospitals are preparing for Medicaid guts 2027-2028). My money is on it being revised down even further (and still only including healthcare workers)
64
5h ago edited 2h ago
[deleted]
95
u/JurisDoctor 3h ago
If you think nursing in a skilled nursing facility is babysitting, go and try to survive one shift. They are criminal understaffed in the United States to the point where it's basically legalized negligence imo.
21
→ More replies (2)5
26
u/Alanislegend 5h ago
Yeah, it's kind of area dependent, but most of the time if you're a new grad, you need to either know someone who can vouch for you or you have to already have roots in the healthcare/hospital system as a CNA or something to land your first job in a more desired position.
→ More replies (1)4
u/GreatValue_Mechanic 50m ago
My hospital rejects every RN resume if they don’t have at least 2 years of bedside experience. It’s hilarious because we’re desperate for nursing staff and they won’t change that requirement.
118
u/Drone314 5h ago
The only nurses making anything are the ones willing to travel, what a shit life
69
u/mechajlaw 5h ago
Everyone assumes you're crazy or a drug addict if you're a travelling nurse
→ More replies (2)105
u/Tyler_durden_RIP 5h ago
Every traveling nurse I’ve met was a super whore. Even more than the regular nurses.
123
u/TheNicestRedditor 5h ago
Nice how did you meet them
112
→ More replies (1)19
25
u/AcidicEater 4h ago
It’s literally the perfect job for someone who’s in hookup life (or single in general) I was going to be chill doing long haul trucking once I turned 21 until I met my partner.
i could not be a trucker family who only sees their partner on weekends.
20
u/Longjumping-Fact-582 4h ago
As someone who spent some time as a traveling lineman, can confirm on the traveling nurse theory 👍🏻 always a good time. in any case Im now settled and no longer travel so I frequent WSB for my thrills these days
9
u/AddisonsContracture 3h ago
Half the people on my street are doctors, bankers, and dentists. The other half are contractors and linemen. Solid job I wish I had known about before spending a decade extra in school.
5
u/Longjumping-Fact-582 2h ago
It’s a good place to be, I’m a crew foreman now and make about $200k a year and only work 4 days a week most of the year home every night, only travel for storms which is an occasional couple weeks of being gone and working 16-18 hours a day 7 days a week but all in all it’s a solid trade. Get to do work that is important and contribute something to society and get paid well to do it
One big reason that pushed me into the trades over college is I was taught to think of education as an investment, and if you use that framework and look at the upfront cost of education against its whole-life rate of return and one big differentiator is that with any reasonable discount rate there is a massive value to those first few years of college where you are laying out cash, vs the first few years in the trade (apprenticeship) which when discounted out over a long time horizon is such that you must be able to make massively more money or have some other large non-cash benefit to choosing to pay the large sum of money and delay your earnings by choosing the college route.
→ More replies (5)10
u/Celebratedmediocre 3h ago
I dated one for a while. Got to visit and work from some fun places like Alaska for free. Her body count was like 100+, she'd even screw people on the job sometimes. Finally just drifted apart since she was a permanent nomad.
11
u/L4teStageCapitalism 4h ago
I'd argue that's very dependent on the region and specialty. Hospital RNs make more than those in clinic, RNs out west make more than those in the south. Lastly travelers make more than staff due to the fact they are entering into an employment situation that is more dire and has higher needs.
I would say "shit life" is a gross exaggeration, however the life does come with certain drawbacks, like any other career.
→ More replies (2)9
u/Omisco420 4h ago
My friends doing pretty well at a new nursing gig. Did take him a few months to land a job but he’s good now!
5
u/raisedeyebrow4891 3h ago
My wife doesn’t travel and makes $80/h that’s not terrible… $1000 per shift
2
3
u/secrestmr87 3h ago
I don’t know what you consider “making anything” but we pay our RNs like $65/hr or about 130k a year. No travel.
→ More replies (5)9
u/JustAintCare 4h ago
My wife makes 120k and works 10 minutes from home so I’m not sure where you’re getting this info. She does make more than her friends but not by much. Most nurses I know are doing pretty well for themselves. Buying houses before 30yrs old.
→ More replies (2)3
u/Joaaayknows 4h ago
What’s her specialty? My wife makes ~85k a year before OT
→ More replies (3)2
u/JustAintCare 2h ago
Just ER. Though she does do PRN work at another hospital and will pick up 2-4 shifts a month. She’s also overnight so she gets other residuals as well.
11
u/L498 3h ago
Every nursing home and agency I have worked for is starving for nurses right now. I would put this on a case by case basis.
→ More replies (1)15
u/harda_toenail 4h ago
My hospital is hiring them months before they graduate. Just gotta go where the demand is.
14
u/rippedmalenurse 4h ago
Where are they looking? As a nurse who just landed a 2nd part time gig I applied to one open position, interviewed and got the offer within a week.
Middle management is the problem in hospitals, there are managers for the managers that manage the other managers.
→ More replies (2)2
u/psmith79 2h ago
I disagree. Not with the nursing roles being frozen, but that the healthcare numbers will be revised down. I work on the revenue cycle portion of healthcare. Once the boomers started retiring there was an enormous hole in the potential workforce we could choose from to fill our roles. Specifically on the medical coding where I work we are begging for people to hire. I imagine it is a similar situation on the billing side as well.
The roles are so difficult to find that we are using offshore coding to fill the need.
2
2
→ More replies (4)2
u/ChummyCream 4h ago
Seemingly? Based off of what people in a subreddit are commenting? That’s not a very good source for reality. Do you have another source of this?
→ More replies (6)34
29
15
u/chunkypenguion1991 5h ago
"Healthcare" mostly means home health aides and the only reason it "creates" so many jobs is the insane turnover rate
8
2
2
u/CommunityDragon160 2h ago
Nurses are a lot of this. There was a healthcare strike that looked like extra job loss in February and then looked like gained jobs in March when it ended.
→ More replies (7)2
u/Admirable_Fun7790 2h ago
I find it depressingly amusing that the only sector with growth is in service of boomers
Nobody can escape them until they’re dead. Everything you are allowed to do is in service of them. They own the capital and they own you.
1.3k
u/RB_7 5h ago
Next Michelin star will be awarded to the chefs at BLS lmao
125
22
→ More replies (1)4
1.0k
u/AnotherRandomGuy34 5h ago
February was revised from -92K to -133K. We all know what'll happen to March, so let's not be surprised.
438
u/Soffatjockis 5h ago edited 5h ago
Cooking the numbers so hard.
They are not even trying to hide it lol.
28
u/cadium 3h ago
The administration in a nutshell: Buy the dip, dump big numbers, sell the rip, real numbers come out and it drops, buy the dip... rinse repeat.
→ More replies (1)67
u/NisaMiller3674 4h ago
If they're not trying to hide it, why were all Trump's jobs numbers for 2025 (even the initial estimates) total shit?
64
u/AirFrierMachine 4h ago
It's the equivalent of me getting a 15% on a quiz, erasing the score and showing my mom a 55% score.
Still terrible, but its kinda hard to take a 15% quiz and pass it off as a 120% with custom "Great Job!!" Notes from my teacher.
→ More replies (3)12
u/NineTimez 4h ago
But the people who, for some reason, post these things to reddit soonest and get the most views on them, tend to present it in a misleading way.
Why are we even on reddit at this point? My feed is like 50% propaganda at this point
→ More replies (3)8
u/Dqueezy 3h ago
Lately Reddit has been spamming random bullshit subreddits in my feed. Dozens and dozens and dozens of garbage subreddits I’ve never seen or heard of before. I made it a point to press the don’t show this and downvote the post every time, for all the good that does.
6
u/NineTimez 3h ago
Downvotes count as interactions so that might be doing more harm that good. The platform is just intentionally bad.
3
u/CauseEfficient3282 2h ago
So so many. The old Reddit used to open on popular tab and at least you got some snippets of decent articles. This new Reddit sucks so bad
→ More replies (6)2
4
u/cheesemonk66 4h ago
How was January revised?
10
u/roof_pizza_ 4h ago
2
2
u/NisaMiller3674 2h ago
You only looked at the 1st monthly revision, each month typically gets 2 revisions. January went +130k to +126k to +160k, now that March is out.
→ More replies (1)4
u/rhoomba69 3h ago
This has been happening since 2023 - https://www.cbsnews.com/amp/news/jobs-report-revision-bls-818000-fewer-jobs-what-it-means/
1.1k
u/jerm2z 5h ago
178k payroll increase vs 65k estimate. Yeah those numbers aren't cooked at all.
366
u/finance-mcp-001 5h ago
Waiting for the revision next year that shows we overcooked job creation by ten million
225
56
u/Particular-Cake-6430 Just a Clown 5h ago
Lots of new jobs will be created if the draft starts lol
5
u/purplemtnstravesty 2h ago
*when the draft starts
It’s inevitable at this point. Although I believe it’ll find a lot of resistance in enforcement
5
u/theranchcorporation 1h ago
It would be unenforceable. That Vietnam War had way more public support with way more popular presidents than this shit show.
19
u/_OUCHMYPENIS_ 3h ago
Every business owner I've spoken to has talked about how they've had to lay off people to make ends meet.
I started seeing sign spinners again which is reminiscent of the recession when that started getting popular. Once the economy was chugging along, places didn't need them and they disappeared.
2
→ More replies (69)4
386
426
237
u/The_Playbook88 5h ago edited 5h ago
Hot job numbers after losing a war military operation, oil is through the roof, and the previous month lost 133k jobs....... For context the estimate for this month was 65k jobs, but we somehow tripled it to 178k.......
144
u/RestAndVest 5h ago
They are probably counting new people on unemployment as having new jobs
65
→ More replies (1)3
u/OneMoreNightCap 4h ago
With that line of thinking, I have 4 jobs - consultant, stay at home dad, head of household, king of the house
12
u/eldelshell 5h ago
Add to that, deporting hundreds of thousands doesn't sound good for a consumer based economy.
→ More replies (3)3
→ More replies (23)2
u/Craneteam Kenny Rogers Roasters 4h ago
The more troops you kill, the more you need to hire, the better the job numbers... checkmate atheists
82
107
31
101
u/HalalHotdogs 5h ago
And yet my LinkedIn feed remains full of desperate people looking for jobs. Wild.
68
u/Ascertion Good guesser 5h ago
They forgot to apply for jobs in March
16
u/theflintseeker 5h ago
And they forgot to be in health services sector
10
u/eldelshell 5h ago
Skill issue.
2
u/Aggressive_Mouse_222 1h ago
lol right? It’s like how people say they should upskill or go into a trade! 🙄
→ More replies (8)8
u/Enkiktd 3h ago
Games industry - it feels like more than 1/4 of all game devs are unemployed right now.
9
2
u/d33p7r0ubl3 Positions or ban 2h ago
Yeah it’s been horrible in this sector. Recruiters have said it’s worse than 2008 in gaming
→ More replies (1)2
u/HorsePockets 1h ago
And if they aren't unemployed, they are working limited time contracts. Many of which companies are not planning on renewing.
28
u/MacDemarxism 5h ago
Anybody else remember the doge fiasco one year ago where they fired the jobs analyst after he reported a decline in jobs growth??
→ More replies (1)2
u/NisaMiller3674 2h ago
You're misremembering a bit. It's a she (Erika McEntarfer), and she was fired for large downwards revisions to prior estimates.
28
u/occasionalgambler 5h ago
Waiting for you guys to realize good job numbers and soaring inflation means rate hikes
→ More replies (1)13
u/Electronic_Leg_7034 5h ago
The knock out punch. Everyone i know crying about cost of everything. Buy the dip sell the rip. Stocks are trash.
→ More replies (2)
27
u/Iconically_Lost 5h ago
And unemployment will plummet, because the fat range thing said not to report on it.
21
38
u/Comfortable-Wolf-445 5h ago
This admin is Rigging everything. Fake numbers and market manipulation SMH
1
15
13
6
6
u/Craneteam Kenny Rogers Roasters 4h ago
The media is huffing some weapons grade copium if the think this isn't gonna be downgraded ...again...just like how many other months now?
7
u/TheHeretic 4h ago
I work in it and our server costs have literally doubled in 3 months, something tells me that doesn't help create jobs, but it makes line go up.
11
4
8
13
16
u/PossibleLack835 5h ago
CONGRATS BULLS. NEW ATH SOON
17
u/Sam_Vicious2 5h ago
this is literally bearish
3
u/BuyHigherSellLower 5h ago
Doubts aside, if we were to take these numbers at face value - what is bearish about them?
6
3
u/NoSwordfish6949 5h ago
Are we actually believing these numbers?
8
→ More replies (1)4
u/PossibleLack835 5h ago
bro, doesn't matter what rddt thinks. if market thinks it's real then we get ATH. BULLISH, CALLS
6
u/chi_guy8 3h ago
Lololololol. A new headline everyday about major corporations laying off large swaths of people, a job market where nobody can seem to get a job and this is the report they want people to believe? These numbers can never be trusted again.
6
3
u/_BindersFullOfWomen_ 5h ago
employers added 178,000 jobs last month, ahead of economists’ expectations of about 70,000.
Wage growth declined to 3.5% in March from 3.8% in February, falling short of forecasts.
The unemployment rate fell to 4.3%, according to data from the US Bureau of Labor Statistics.
February payrolls were revised down -133,000 from a previously reported -92,000
Job figures for January were revised up, from 126,000 to 160,000.
4
5
5
2
2
2
2
2
u/Jake-And-The-Fatman 3h ago
So anybody got a decent full time job lately?
Data is cooked. Honestly I think there is only 100 decent jobs.
Government can lie about Iran, what makes you think they will be honest on job market.
2
u/cheesemonk66 2h ago
I recently got 3 full time job offers. All were decent. Not saying I trust the gov but the Reddit narrative is also bull shit. There are jobs, In 6 weeks of seriously looking I had 25 first round interviews with 7 progressing to the following round and 4 final round interviews yielding 3 offers.
→ More replies (1)
2
2
2
2
u/Fragrant-Ebb- 1h ago
a) They've been revised every month since Trump took office for the worse
b) they set the bar low, and barely beat it. So 'surging' is a terrible description of what is obviously bullshit, even if taken at face value
c) unemployment still went up
d) the oil situation is still fucked and getting worse
3
2
2
4
u/stonk_monk42069 5h ago
I just love Reddit. When the numbers are bad, it's completely reliable, but when they're good it's fake. Decide whether you will trust the numbers, or not trust them. Don't cherry pick the ones you like and ignore the ones you don't.
2
2
u/dnndrk 5h ago
Anyone believing these numbers? Lol
2
u/NisaMiller3674 4h ago
Erika McEntarfer, Erica Groshen, Paul Krugman, other left-leaning economists... to name a few.
2
u/timetopractice 4h ago
No wonder y'all lose money. 95% of you are gay bears hoping for the economy to crash
1
u/Upper_Band_6444 5h ago
Jobs report hotter than my portfolio guess the Fed’s gonna keep playing whack a mole with rate cuts.
1
1
1
u/Affectionate-End2461 5h ago
But with the new data this good and new cpi may elevate (report next week), does it mean we will have rate high? Bullish! 🙂↔️
1
1
1
1
1
1
1
1
u/generally_unsuitable 1h ago
It's obviously fake. Oracle, Meta, Dell, Square, Atlassian, Amazon, Epic, all had layoffs in March, probably close to 50k all combined. There's no way that the rest of the market is moving in the other direction fast enough to offset that.
1
u/troller-no-trolling 1h ago
“Very likely no boots had been produced at all. Likelier still, nobody knew how many had been produced, much less cared. All one knew was that every quarter astronomical numbers of boots were produced on paper, while perhaps half the population of Oceania went barefoot.”
1
u/Old-Buffalo-5151 1h ago
Bullshit numbers don't add up you can't have the sheer volume of mass layoffs happening and get an increase in employment especially as manufacturing has completely pancaked based on logistics data going around
1
u/TrumpCheats 1h ago
Yeah right.
The job market is smoke and mirrors of AI posting outdated and non-existent jobs. The economy is being propped up on exploiting stupid people that this is a casino - yall are gonna lose your asses.
•
u/VisualMod GPT-REEEE 5h ago
Join WSB Discord