Another 263,000 Americans Shackled To The Brandon Economy....When Will This Nightmare End?

[The5thHorseman]

This is terrible....just awful.

Brandon is wrecking the economy...

 

[Auld Phart]

informative OP





NOT!!!

 

[Aldo Raine]

informative OP





NOT!!!

Gonna guess jobs report?

 

[1srelluc]

Whoa....Slow down with all that info OP, I can barely keep up.

US added 263,000 jobs, slowing from month earlier as inflation woes persist

 

[Harpy Eagle]

U.S. adds 263,000 jobs in November and wages rise sharply --- far too much for the Fed's liking

The U.S. created a robust 263,000 new jobs in November, showing that hiring is still historically strong and a tight labor market threatens to prolong a bout...

www.marketwatch.com

A good month for the people means bad things coming from the Fed....


The Fed is expected to keep raising interest rates — and push the economy closer to recession — until hiring slows, labor shortages ease and wage growth wanes.

 

[Hellokitty]

Whoa....Slow down with all that info OP, I can barely keep up.

US added 263,000 jobs, slowing from month earlier as inflation woes persist

Now factor in the 320,000 jobs employers have announced to be cut in November.

 

[1srelluc]

Still lower than expected by about 10K

 

[Marener]

Now factor in the 320,000 jobs employers have announced to be cut in November.

Already factored in. The monthly jobs report is net. Jobs added minus jobs lost.

 

[Hellokitty]

Already factored in. The monthly jobs report is net. Jobs added minus jobs lost.

The job cuts haven't been made only announced, so no they're not factored in.

 

[Marener]

The job cuts haven't been made only announced, so no they're not factored in.

Your statement was ambiguous. I took it to mean the jobs were to be cut in November.

But either way, you can’t factor in future job losses to a retrospective jobs report. It doesn’t work that way.

You’ll just have to

 

[JGalt]

This is terrible....just awful.

Brandon is wrecking the economy...

And yet, the unemployment rate has not changed, and is still 3.7%. The number of people employed still haasn't reached the pre-pandemic Trump economy level, and the Labor participation rate is still ~ 1% below that point in time. New jobs are not really being created. People are still returning to work after the lockdowns and with weak wage growth and high prices from inflation, people taking on 3rd and 4th jobs to make ends meet.

Biden's economy is still lacking until until the numbers meet or surpass the point we were at during the height of Trump's economy.

 

[Harpy Eagle]

Still lower than expected by about 10K

And still more than 35 of the 48 months during the previous admin which we are told was the greatest economy in the history of the world

 

[The5thHorseman]

Now factor in the 320,000 jobs employers have announced to be cut in November.

Do you have even the vaguest idea how this works?

 

[1srelluc]

And still more than 35 of the 48 months during the previous admin which we are told was the greatest economy in the history of the world

And it was!

 

[Harpy Eagle]

And yet, the unemployment rate has not changed, and is still 3.7%.

And 3.7% is a damn good number.

The number of people employed still haasn't reached the pre-pandemic Trump economy level

Liar.

We have been above that number since July

All Employees, Total Nonfarm

View the number of nonfarm employees in the U.S., who account for approximately 80 percent of the workers who contribute to GDP.

fred.stlouisfed.org

Labor participation rate is still ~ 1% below that point in time

It will likely never get back to that point, more people have retired and there are less two income families as more parents are choosing to stay home vice working.

People are still returning to work after the lockdowns and with weak wage growth and high prices from inflation, people taking on 3rd and 4th jobs to make ends meet.

The percent of people holding multiple jobs is well below what it was during the Trump years.

Multiple Jobholders as a Percent of Employed

Graph and download economic data for Multiple Jobholders as a Percent of Employed (LNS12026620) from Jan 1994 to Oct 2024 about multiple jobholders, 16 years +, percent, household survey, employment, and USA.

fred.stlouisfed.org

 

[The5thHorseman]

And still more than 35 of the 48 months during the previous admin which we are told was the greatest economy in the history of the world

But that was then.

Duh.

 

[odanny]

This is terrible....just awful.

Brandon is wrecking the economy...

Perhaps you should leave the country. It would be a win/win.

 

[The5thHorseman]

And it was!

It's not about the data....

It's "the Vibe"...

 

[mamooth]

More good economic news, so a Republican meltdown. Republicans really hate America.

As gas prices keep dropping, Republicans may start offing themselves, being how upset they get about good news.

 

[The5thHorseman]

And 3.7% is a damn good number.



Liar.

We have been above that number since July

All Employees, Total Nonfarm

View the number of nonfarm employees in the U.S., who account for approximately 80 percent of the workers who contribute to GDP.

fred.stlouisfed.org

It will likely never get back to that point, more people have retired and there are less two income families as more parents are choosing to stay home vice working.



The percent of people holding multiple jobs is well below what it was during the Trump years.

Multiple Jobholders as a Percent of Employed

Graph and download economic data for Multiple Jobholders as a Percent of Employed (LNS12026620) from Jan 1994 to Oct 2024 about multiple jobholders, 16 years +, percent, household survey, employment, and USA.

fred.stlouisfed.org

More good economic news, so a Republican meltdown. Republicans really hate America.

As gas prices keep dropping, Republicans may start offing themselves, being how upset they get about good news.

Now that they can afford the gas to self immolate...