First Quarter Economic Growth revised upward to 2%

[jbrownson0831]

Well, there still is COVID money in the economy, that would skew the 2% somewhat.
Initial jobless claims is rising a bit.
Mortgage rates have risen over the last year.
I can only imagine that Credit card debt is rising along with their interest rates.

We are not living in Shangri-La

And employment rate is down even with all the supposed available jobs.
But why work when there's a Democrat in office? Plenty of freebies abound.

 

[John Edgar Slow Horses]

Gas is around 4.00-4.09 where I live. That's like paying a tax that we weren't paying 3 years ago.

We pay about $2.80

 

[Harpy Eagle]

Initial jobless claims is rising a bit.

US weekly jobless claims post biggest drop in 20 months as economy shows stamina

Persistent labor market strength is helping the economy to defy predictions of a recession by boosting wages.

www.reuters.com

US weekly jobless claims post biggest drop in 20 months​

 

[jbrownson0831]

We pay about $2.80

Hard to believe, my state pays $3.15 and we are one of the cheapest around.

 

[Meister]

US weekly jobless claims post biggest drop in 20 months as economy shows stamina

Persistent labor market strength is helping the economy to defy predictions of a recession by boosting wages.

www.reuters.com

US weekly jobless claims post biggest drop in 20 months​

For the week ending June 17, the seasonally adjusted weekly initial claims was 264,000, Labor Department data released on June 22 shows. It remains the largest level for initial claims since Oct. 30, 2021, when it was 264,000, according to the BLS. For the week ending June 10, the level was revised to 264,000. The new four-week moving average was 255,750, an increase of 8,500 from the previous week’s revised average of 247,250. It's the highest level for the four-week moving average since Nov. 13, 2021, when it was 260,000, according to the BLS.
The current unemployment rate is 3.7%, a slight increase from 3.4% in April. The rate is not dramatically different from unemployment rates during 2022. In April, the number of unemployed from layoffs, firings and temporary jobs ending topped 2.6 million. That number increased to 3 million in May.

Current Unemployment Rate and Other Jobs Report Findings - NerdWallet

Unemployment is at 3.8%, according to the Bureau of Labor Statistics.

www.nerdwallet.com

 

[okfine]

Get pissed at OPEC then, they are the ones cutting production as the price of oil was getting too low for them.

The US is producing more oil than at any time in our history.

Good news is bad news to the RWingers. Never happy is their mantra.

 

[JimH52]

Get pissed at OPEC then, they are the ones cutting production as the price of oil was getting too low for them.

The US is producing more oil than at any time in our history.

When they cut production, gas prices spike a few cents. But it then begins to fall. $2.99 where I live. Hybrids and EVs are cutting into OPEC profit.

 

[jbrownson0831]

When they cut production, gas prices spike a few cents. But it then begins to fall. $2.99 where I live. Hybrids and EVs are cutting into OPEC profit.

2.99 riiiggght!
When Poopeypants cut production gas prices shot up a couple dollars at least. Then he bought oil from Pootin to help fund the war against the Ukraine.
jimboliar even your ilk doesn't believe the tales you spin.

 

[jbrownson0831]

When they cut production, gas prices spike a few cents. But it then begins to fall. $2.99 where I live. Hybrids and EVs are cutting into OPEC profit.

National gas prices have doubled since Biden took office

Gas prices have more than doubled since Biden first took office in January 2021.

www.foxbusiness.com

A few cents your pelosi.

 

[Harpy Eagle]

For the week ending June 17, the seasonally adjusted weekly initial claims was 264,000, Labor Department data released on June 22 shows. It remains the largest level for initial claims since Oct. 30, 2021, when it was 264,000, according to the BLS. For the week ending June 10, the level was revised to 264,000. The new four-week moving average was 255,750, an increase of 8,500 from the previous week’s revised average of 247,250. It's the highest level for the four-week moving average since Nov. 13, 2021, when it was 260,000, according to the BLS.
The current unemployment rate is 3.7%, a slight increase from 3.4% in April. The rate is not dramatically different from unemployment rates during 2022. In April, the number of unemployed from layoffs, firings and temporary jobs ending topped 2.6 million. That number increased to 3 million in May.

Current Unemployment Rate and Other Jobs Report Findings - NerdWallet

Unemployment is at 3.8%, according to the Bureau of Labor Statistics.

www.nerdwallet.com

Let me know when NerdWallet updates this with the data that came out today, not last weeks data

 

[Harpy Eagle]

When Poopeypants cut production gas prices shot up a couple dollars at least.

This never happened. Oil production has been going up as long as he has been in office. We are now both producing more and exporting more than any point in our history.

 

[Meister]

Let me know when NerdWallet updates this with the data that came out today, not last weeks data

Okay, and you let me know when the COVID funds has finally stopped saturating the economy, fair enough?

 

[jbrownson0831]

This never happened. Oil production has been going up as long as he has been in office. We are now both producing more and exporting more than any point in our history.

It happened just as it says in this and other factual articles. Trump cut back production based on a full reserve and having plenty of oil with low prices.
Biden shut that down as soon as he got in office creating the disaster we experienced. Now production has to be increased as Poopeypants has depleted the reserve and is under intense pressure. You Dims can read about what happened just as well as I can.

 

[Meister]

This never happened. Oil production has been going up as long as he has been in office. We are now both producing more and exporting more than any point in our history.

How much are we importing?

 

[Harpy Eagle]

Okay, and you let me know when the COVID funds has finally stopped saturating the economy, fair enough?

What COVID funds are left out there saturating the economy, can you give some examples?

 

[Harpy Eagle]

How much are we importing?

U.S. Imports of Crude Oil (Thousand Barrels per Day)

www.eia.gov

Average imports in thousands barrels per day.

We will always import oil as not all oil is the same.

 

[Harpy Eagle]

It happened just as it says in this and other factual articles. Trump cut back production based on a full reserve and having plenty of oil with low prices.
Biden shut that down as soon as he got in office creating the disaster we experienced. Now production has to be increased as Poopeypants has depleted the reserve and is under intense pressure. You Dims can read about what happened just as well as I can.

You have been lied to and are too stupid to check for yourself.

Average number of barrels produced per day in the US (in thousands)

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

 

[John Edgar Slow Horses]

I do not know what the figures are today, but this is a good place to compare figures.

 

[Meister]

What COVID funds are left out there saturating the economy, can you give some examples?

Covid-19 Economic Relief

Latest Programs and Updates American Rescue Plan Six Month In total, the Treasury Department is responsible for managing over $1 trillion in American Rescue Plan programs and tax credits. Read about the impact of the first six months of the American Rescue Plan programs in the impact report...

home.treasury.gov