Biden's economy: Very weak jobs report, 128000 jobs added, well under 300,000 estimated

[jbrownson0831]

You’re as full of shit as a Christmas turkey.

• Consumer spending increases 0.9% in April
• Inflation adjusted consumer spending rises 0.7%
• Core PCE price index gains 0.3%; up 4.9% year-on-year
• Goods trade deficit narrows 15.9% to $105.9 bln in April

Unemployment claims lowest since 1969.

Corporate profits highest on record.

Morgan Stanley 2022 Midyear Economic Forecasts vs. Consensus

	2021	2022E	2023E
GDP (%Y)		Morgan Stanley	Consensus	Morgan Stanley	Consensus
Global*	6.2	2.9	3.3	3.5	3.5
G10 Nations	5.2	2.8	3.1	2.0	2.3
U.S.	5.7	2.6	3.2	2.6	2.3
Euro Area	5.4	2.6	2.8	1.3	2.4
Japan	1.6	1.9	2.1	1.6	1.8
UK	7.4	4.0	3.8	0.8	1.6
EM*	7.0	3.0	3.6	4.6	4.4
China	8.1	4.2	4.9	5.7	5.1
India	8.1	7.4	7.4	6.7	7.5
Brazil	4.6	0.5	0.7	1.7	1.0
Russia	4.7	-12.0	-10.0	1.5	-1.5

Source: Source: Bloomberg, Haver Analytics, Morgan Stanley Research forecasts; Note: Aggregates are PPP-weighted. Cons = consensus. Consensus sources in parenthesis: Brazil (BCB survey), Mexico (Banxico survey), ASEAN (AP Consensus). India 2023 GDP consensus values refer to FY.

Hmmm no mention of jobs here Dimmer are you confused??

 

[Harpy Eagle]

Are you disputing what the report says? Do you have some proof that either the private companies or the ADP is lying about the number of jobs added in May?

And if you are putting shit in your Christmas turkey you're doing it wrong.

Does a single month mean anything? These numbers always widely vary from month to month

Why do none of you make threads during all those months of great numbers talking about how important they are?

 

[Harpy Eagle]

Also depends on what each report (BLS/ADP) says as to which one they quote. On both sides.

Very true.

 

[Couchpotato]

Does a single month mean anything? These numbers always widely vary from month to month

Why do none of you make threads during all those months of great numbers talking about how important they are?

Likely not. But to just say well this report doesnt say the things I want to hear so it's BS isnt helpful either. If there is any insight from this report it's that the actual numbers are half what was expected?

 

[Harpy Eagle]

Likely not. But to just say well this report doesnt say the things I want to hear so it's BS isnt helpful either.

A single month's report is meaningless. That is like looking at one inning of a baseball game.

 

[Meathead]

A single month's report is meaningless. That is like looking at one inning of a baseball game.

Yeah, but Brandon's the starting pitcher who's lost his fast ball and Kamala's in the bullpen.

 

[jbrownson0831]

Yeah, but Brandon's the starting pitcher who's lost his fast ball and Kamala's in the bullpen.

....doing the relief pitchers....

 

[skews13]

Hmmm no mention of jobs here Dimmer are you confused??

New York(CNN Business)Employers added a record 6.6 million jobs during Joe Biden's first 12 months in office, by far the strongest record of any president's first year in office.

The unexpected strength of the January jobs report — along with some revisions in readings for November and December — pushed Biden over the 6 million mark. But he could have claimed that distinction even without them. The previous record holder was Jimmy Carter, who saw a gain of 3.9 million jobs in his first 12 months in office.

The jobs numbers from the Labor Department go back to 1939, when Franklin Roosevelt was in his seventh year in office. No president other than Carter has enjoyed even half as many jobs being added during their first year as Biden's record: No. 3 Bill Clinton posted an addition of 2.8 million jobs.

 

[TheGreatSatan]

Th

it sucks..
Gas Just Jumped to $4.79 for Regular Here a Few days ago..

Thank a groomer. They vote for and support the green war on fossil fuels.

 

[marvin martian]

Does a single month mean anything? These numbers always widely vary from month to month

Why do none of you make threads during all those months of great numbers talking about how important they are?

The Joe Biden Excuse Brigade is on the march! Up next, Golfing Gator will explain why 10% inflation is good, and Joe Biden is a genius!

 

[jbrownson0831]

New York(CNN Business)Employers added a record 6.6 million jobs during Joe Biden's first 12 months in office, by far the strongest record of any president's first year in office.

The unexpected strength of the January jobs report — along with some revisions in readings for November and December — pushed Biden over the 6 million mark. But he could have claimed that distinction even without them. The previous record holder was Jimmy Carter, who saw a gain of 3.9 million jobs in his first 12 months in office.

Added schmadded. Jobs that were already there doofus....
And comparing Poopeypants to Carter for two of the worst economies in the history of mankind shows everyone how ignorant you Dims are.

 

[LAUGHatLEFTISTS]

What did you expect? Trump had no better numbers without a pandemic.

Remember……. It’s not a lie if YOU believe it.

 

[Harpy Eagle]

The Joe Biden Excuse Brigade is on the march! Up next, Golfing Gator will explain why 10% inflation is good, and Joe Biden is a genius!

10% inflation is not good, and Joe Biden is a moron.

Do at least try and keep up, it gets boring having to recap for your ignorant self all the time

 

[skews13]

Added schmadded. Jobs that were already there doofus....
And comparing Poopeypants to Carter for two of the worst economies in the history of mankind shows everyone how ignorant you Dims are.

Carters economy was stronger than Reagan’s and both Bushs’

Would you like for me to stick those numbers up your ass also

Bidens economy would be even stronger except for the biggest economic drag on the country. Republicans.

 

[flan327]

Yeah, but Brandon's the starting pitcher who's lost his fast ball and Kamala's in the bullpen.

NO ONE IS NAMED BRANDON

 

[LAUGHatLEFTISTS]

New York(CNN Business)Employers added a record 6.6 million jobs during Joe Biden's first 12 months in office, by far the strongest record of any president's first year in office.

The unexpected strength of the January jobs report — along with some revisions in readings for November and December — pushed Biden over the 6 million mark. But he could have claimed that distinction even without them. The previous record holder was Jimmy Carter, who saw a gain of 3.9 million jobs in his first 12 months in office.

The jobs numbers from the Labor Department go back to 1939, when Franklin Roosevelt was in his seventh year in office. No president other than Carter has enjoyed even half as many jobs being added during their first year as Biden's record: No. 3 Bill Clinton posted an addition of 2.8 million jobs.

Showers With Daughter *Joe added no jobs. Those jobs were people going back to work after the government shut their jobs down. Most leftards on this board know this but give him credit because they’re partisan hacks. What’s hilarious is you actually believe it!

 

[flan327]

Showers With Daughter *Joe added no jobs. Those jobs were people going back to work after the government shut their jobs down. Most leftards on this board know this but give him credit because they’re partisan hacks. What’s hilarious is you actually believe it!

Disgusting LIES

 

[LAUGHatLEFTISTS]

Carters economy was stronger than Reagan’s and both Bushs’

Would you like for me to stick those numbers up your ass also

Bidens economy would be even stronger except for the biggest economic drag on the country. Republicans.

I lived through Carters economy. You are the laughingstock of this forum.

 

[Meathead]

NO ONE IS NAMED BRANDON

Perhaps not in your country.

 

[flan327]

Perhaps not in your country.

I live in AMERICA

ARSEFACE