Biden Jobs Boom

599 Views | 17 Replies | Last: 3 days ago by dajo9
dajo9
How long do you want to ignore this user?
528k jobs were added in July beating all estimates. The unemployment rate is now the lowest it has been in 50+ years at 3.46%. Hispanic unemployment is at a record low of 3.9%.
All while commodity prices dropped in July (inflation reports not out yet).

The media reporting fixating on inflation whole ignoring the jobs boom is, well, par for the course of how they treat Democratic Presidents.
he / him
Unit2Sucks
How long do you want to ignore this user?
GoOskie
How long do you want to ignore this user?
When can we expect barefarce to post an unrelated tweet from some demented trumper in response to this?
SBGold
How long do you want to ignore this user?
Fantastic news, employ Americans and stay the course
BearForce2
How long do you want to ignore this user?
dajo9 said:

528k jobs were added in July beating all estimates. The unemployment rate is now the lowest it has been in 50+ years at 3.46%. Hispanic unemployment is at a record low of 3.9%.
All while commodity prices dropped in July (inflation reports not out yet).

This is misleading since an overwhelming number of those jobs were jobs added back and not newly created jobs. The unemployment rate is now the same as it was back in February 2020 right before the pandemic started.
BearForce2
How long do you want to ignore this user?
Unit2Sucks said:



Gas is still $1.72/gal higher than when Biden took office. Biden blamed Putin for the price hike, is he giving Putin credit for falling prices?

Inflation is at record highs, real wages are falling, over half of Americans are living paycheck to paycheck, and we are in the beginning of a recession.
AunBear89
How long do you want to ignore this user?
BearForce2
How long do you want to ignore this user?
GoOskie said:

When can we expect barefarce to post an unrelated tweet from some demented trumper in response to this?


Who's running the country? Someone is messing with Biden's teleprompter again.
BearForce2
How long do you want to ignore this user?
SBGold said:

Fantastic news, employ Americans and stay the course
sycasey
How long do you want to ignore this user?
The jobs numbers, by the way, are the main reason why economists have been reluctant to say the US is in a recession, despite the decline in GDP. A real recession usually involves jobs being lost.
Unit2Sucks
How long do you want to ignore this user?
sycasey said:

The jobs numbers, by the way, are the main reason why economists have been reluctant to say the US is in a recession, despite the decline in GDP. A real recession usually involves jobs being lost.


We don't have enough workers because we've become too hostile to immigration. If we had a bigger better workforce we might see net job losses but right now we still don't have enough workers. I expect to see unemployment rise soon though. You can't fight the Fed.
dajo9
How long do you want to ignore this user?
BearForce2 said:

Unit2Sucks said:



Gas is still $1.72/gal higher than when Biden took office. Biden blamed Putin for the price hike, is he giving Putin credit for falling prices?

Inflation is at record highs, real wages are falling, over half of Americans are living paycheck to paycheck, and we are in the beginning of a recession.


How much higher is GDP than when Biden took office. How many more jobs are there than when Biden took office? How much lower is unemployment than when Biden took office?
he / him
Unit2Sucks
How long do you want to ignore this user?
Dollar is strong too. Such strength. Like you wouldn't believe but I do. Most people don't know how strong the dollar is.
concordtom
How long do you want to ignore this user?
sycasey said:

The jobs numbers, by the way, are the main reason why economists have been reluctant to say the US is in a recession, despite the decline in GDP. A real recession usually involves jobs being lost.


Republicans are working on uncovering the fraud behind the employment stats!
Wait for it.
dajo9
How long do you want to ignore this user?
Lol at the media. They just can't wait to bury Democratic Presidents.
he / him
concordtom
How long do you want to ignore this user?
Stock traders have always made up their minds how they will trade one way or another before the numbers are released.

Here we see that politically motivated news orgs also pre-determine their actions.

Back to the drawing board this month.
DiabloWags
How long do you want to ignore this user?
Jobless claims are holding near the highest levels of 2022, around 260,000.

Data could be "noisy" due to seasonal swings and pandemic related comparisons.

10.7 million job openimgs as of June.
A decrease of 600,000 from May.
dajo9
How long do you want to ignore this user?
he / him
Refresh
Page 1 of 1
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.