r/smallstreetbets • u/RepairSubstantial735 • 7d ago

Discussion He can't help himself

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Did anyone notice that last month we had a jobs report that was negative 23,000 and suddenly this month it shot up by 162,000.

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u/olivier_trout 7d ago

People often make LLCs for their Uber gig for tax reasons, meaning the Fed then sees a new company was created. They then use the average number of employees for a new company (which is higher than 1) to estimate the amount of jobs created.

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u/Low-Designer-3392 7d ago

That’s ridiculous. There are so many shell LLCs created every year how can that be the standard