Another Big And 'Unexpected' Jobs Report Revision

[justoffal]

citygator

It's price elasticity. Depending on the materials we sell the price elasticity is -1.5 to -3.3. That means a 10% price increase from us drives a 15% to a 33% unit fall. So products that have a -1.5 elasticity lose 5% in sales (10% higher ticket but 15% fewer units equals about 5% less sales dollars). -3.3 products would lose 23% of their sales (10% higher ticket and 33% drop in units).

Its just math. You are still better off raising your prices with low elasticities.

I know the math....it's usually worth following but not always.

Case in point ..
Real estate:

You invest 75k in a bad zip code for a 25k rise in sales price. Happens all the time. The net effect is a stronger Dollar. Of course there is wealth destruction on the seller's end.

Conversely you have more astute investing that produces the opposite....25k in for 75 out ..but that game is just about done....been going on for too long and it is massively inflationary.

The value sink is unpredictable in the short run...
It may be worth holding the property if you can pay the maintenance....or not.

Thanks for the primer on retail sales....I really don't know much about them but I know more now.

 

[jc456]

Usually 18 months....but much of the data from the previous adm was falsified.

The economy was worse than advertised.

And now they're trying to blame it all on Trump.

The fact is, if they aren't able to stop Trump's tariffs, the economy is going to take off like an Atlas Rocket and the national debt will crater.

The money coming from tariffs will pay off the debt in a few years.

They counted government jobs

We also got the infrastructure bill that didn’t add one job cause the money was laundered to demofks

 

[leftwinger]

Not according to Trump. He gave me a huge tax break this year and implemented tariffs on consumers.

Always spinning and lying. Tax rates are unchanged from Obiden 2.0 rates.

 

[HikerGuy83]

They didnt. They cut prices and I still paid more. The way tariffs work is that I have to pay the federal government the tariff to get my goods from customs.

So far:

1. You got the goods from them for less.
2. You pay extra to get the goods from customs....
3. That extra goes to the federal government.

Now the question is....are you charging more? If so, full mark up or partial?

 

[HikerGuy83]

It's my own fault for engaging with them.

You can leave anytime you like. It's O.K.

 

[candycorn]

I know. Now we have accurate data.

lol.

I thought your blob was going to create jobs.

 

[jc456]

lol.

I thought your blob was going to create jobs.

Presidents don’t create jobs, Presidents create conditions conducive for private companies to create jobs. Fking wish demofks would learn the US economy.

A government job isn’t a job created

 

[leftwinger]

lol.

I thought your blob was going to create jobs.

I hope it improves the way predicted? It may take a while? But Canada is hurting worse after fighting the tariff and border demands. Giddyup.

 

[SassyIrishLass]

Presidents don’t create jobs, Presidents create conditions conducive for private companies to create jobs. Fking wish demofks would learn the US economy

Buuuttt Biden created like almost a million jobs.. . until it was found out they manipulated numbers

 

[citygator]

Always spinning and lying. Tax rates are unchanged from Obiden 2.0 rates.

I always bring the receipts my friend.

New tax brackets were: 10% (stayed same), 12% (down from 15%), 22% (down from 25%), 24% (down from 28%), 32% (down from 33%), 35% (moved to a higher threshold), and 37% (down from 39.6%)

Tax Cuts and Jobs Act of 2017 (TCJA)

www.law.cornell.edu

 

[leftwinger]

I always bring the receipts my friend.

New tax brackets were: 10% (stayed same), 12% (down from 15%), 22% (down from 25%), 24% (down from 28%), 32% (down from 33%), 35% (moved to a higher threshold), and 37% (down from 39.6%)

Tax Cuts and Jobs Act of 2017 (TCJA)

www.law.cornell.edu

I opened your link and it says 2017 rates? As I thought, unchanged since 2018? The same rates Obiden 2.0 was using? Correct? As I posted.

 

[jc456]

Buuuttt Biden created like almost a million jobs.. . until it was found out they manipulated numbers

They put numbers in a jar and pulled one out

 

[SassyIrishLass]

They put numbers in a jar and pulled one out

I don't know about anyone else but this garbage is getting old. Democrats fudged the numbers and when they get caught it's the right's fault

 

[my2¢]

For those with little faith in The Bureau of Labor Statistics, there is also ADP's private sector jobs report.

The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 26 million U.S. employees.

Here's a look at their job report numbers over the past 17 months:

 

[citygator]

I opened your link and it says 2017 rates? As I thought, unchanged since 2018? The same rates Obiden 2.0 was using? Correct? As I posted.

They were proposed in 2017, Trump's first year and active for 2018 under Trump's second year. They really did lower tax rates from Obama's years.

You might be thinking about the fact that Obama never rolled back Bush's tax cuts due to the recession - but only for those making under $400k. The wealthy saw increases under Obama which rolled back their Bush cuts.

Here is the actual text although its a slog but it shows the active dates right up front.

https://www.congress.gov/bill/115th-congress/house-bill/1

 

[leftwinger]

They were proposed in 2017, Trump's first year and active for 2018 under Trump's second year. They really did lower tax rates from Obama's years.

You might be thinking about the fact that Obama never rolled back Bush's tax cuts due to the recession - but only for those making under $400k. The wealthy saw increases under Obama which rolled back their Bush cuts.

Here is the actual text although its a slog but it shows the active dates right up front.

https://www.congress.gov/bill/115th-congress/house-bill/1

Nice Spin. You're a master. Tax rates are the same as under Obide 2.0 as I posted. I am pretty sure.//

 

[citygator]

Nice Spin. You're a master. Tax rates are the same as under Obide 2.0 as I posted. I am pretty sure.//

Oh. Youre talking about Biden? I literally cant understand MAGAt speak when you use all those made up words. Just talk like a human being.

They were set to expire because they are deficit items. Trump made them permanent. Its a tax break.

 

[konradv]

Its still the Biden economy until one year after hes gone

So, 2021 was the Trump economy. Inflation: 4.7%, 2024 Inflation: 2.9%.

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

 

[mudwhistle]

Unemployment up. Inflation up. The deficit up. Trump family getting billions.

 

[Lesh]

Well it did dumbass. Once again you're prancing into a thread without the first fckn clue.

You're tiresome

Really? What just happened in June moron?