Biden's Fault: US loses over 600,000 job openings in June as employers stop filling open positions

[MAGA Macho Man]

Businesses know we're in a recession even if the Biden regime tries to redefine what a recession is.

BIDEN ECONOMY: US Loses Over 600,000 Job Openings in June as Employers Stop Filling Open Positions | The Gateway Pundit | by Joe Hoft

The Bureau of Labor Statistics released a report today showing that employers eliminated over 600,000 jobs in the month of June. The Bureau of Labor Statistics (BLS) reported this morning: The number of job openings decreased to 10.7 million on the last business day of June, the U.S.

www.thegatewaypundit.com

 

[struth]

the xiden recession and inflation has businesses really tightening up. tough, dark times in america

 

[g5000]

The current unemployment rate is 3.6 percent.

That is the lowest unemployment rate achieved during the Trump administration.

Trump and all you dipshits couldn't stop crowing about it. Remember?

Sorry about that.

 

[struth]

The current unemployment rate is 3.6 percent.

That is the lowest unemployment rate achieved during the Trump administration.

Trump and all you dipshits couldn't stop crowing about it. Remember?

Sorry about that.

yeah because he also didn’t have 9.1 perfect t inflation, and skyrocketing interest rates

it was actually a great economy not like the recession xiden gave us

 

[g5000]

Just a little reminder: The Unemployment Rate in the United States averaged 5.75 percent from 1948 until 2022, reaching an all time high of 14.70 percent in April of 2020 and a record low of 2.50 percent in May of 1953.

 

[TheGreatSatan]

IT'S NOT A RECESSION!!!

 

[initforme]

Some believe there was a labor shortage(which is fake news). So there was nobody to fill those jobs anyway. Same for the supply chain crisis. Fake news.

 

[easyt65]

The WH will soon put out an attempt to redefine the term 'lose jobs', much like it tried to redefine 'recession', in an attempt to spin it into a positive.

 

[Dekster]

I blame the megamillions. If they had given me that billion dollars, the economy would be booming in August.

 

[g5000]

It's so sad to see the cucks so desperately wanting America to fail and fall into a recession.

Some tard told them a recession is defined by two quarters of reduced GDP and they parrot it endlessly, thus exposing their massive ignorance.

It is the NBER which determines if we are in a recession, and they often do not report we have been in one until long after it has passed. The reasons for this are too complicated for your pointy heads to comprehend.

Using just GDP growth to determine if we are in a recession is like using just your body temperature to determine if you have cancer.

So now I will provide you with the OFFICIAL definition of a recession:

Recession | U.S. Bureau of Economic Analysis (BEA)

In general usage, the word recession connotes a marked slippage in economic activity. While gross domestic product (GDP) is the broadest measure of economic activity, the often-cited identification of a recession with two consecutive quarters of negative GDP growth is not an official designation.

www.bea.gov

In general usage, the word recession connotes a marked slippage in economic activity. While gross domestic product (GDP) is the broadest measure of economic activity, the often-cited identification of a recession with two consecutive quarters of negative GDP growth is not an official designation. The designation of a recession is the province of a committee of experts at the National Bureau of Economic Research (NBER), a private non-profit research organization that focuses on understanding the U.S. economy. The NBER recession is a monthly concept that takes account of a number of monthly indicators—such as employment, personal income, and industrial production—as well as quarterly GDP growth. Therefore, while negative GDP growth and recessions closely track each other, the consideration by the NBER of the monthly indicators, especially employment, means that the identification of a recession with two consecutive quarters of negative GDP growth does not always hold.


So let's look at some of those indicators, shall we?

As I showed above, unemployment is 3.6 percent. When it was 3.6 percent during Trump's term, the tards couldn't crow loud enough about it.

You can find industrial production here: Industrial Production: Total Index

As you can see, it is currently at 104.3648. If you don't know what that means, I will be happy to explain it to you in small words.

Personal income? Go here: Personal Income | U.S. Bureau of Economic Analysis (BEA)

Personal income increased $133.5 billion, or 0.6 percent at a monthly rate, while consumer spending increased $181.1 billion, or 1.1 percent, in June. The increase in personal income primarily reflected increases in compensation and proprietors’ income.







Hope this helps. I apologize for all the great news.

 

[The Duke]

The current unemployment rate is 3.6 percent.

That is the lowest unemployment rate achieved during the Trump administration.

Trump and all you dipshits couldn't stop crowing about it. Remember?

Sorry about that.

Where did my train of thought go? All I can think of is "You're a dumbass" right now, but I had something different and more entertaining a minute ago.

 

[The Duke]

I blame the megamillions. If they had given me that billion dollars, the economy would be booming in August.

The hookers and blow stimulus?

 

[Whodatsaywhodat.]

It's so sad to see the cucks so desperately wanting America to fail and fall into a recession.

Some tard told them a recession is defined by two quarters of reduced GDP and they parrot it endlessly, thus exposing their massive ignorance.

It is the NBER which determines if we are in a recession, and they often do not report we have been in one until long after it has passed. The reasons for this are too complicated for your pointy heads to comprehend.

Using just GDP growth to determine if we are in a recession is like using just your body temperature to determine if you have cancer.

So now I will provide you with the OFFICIAL definition of a recession:

Recession | U.S. Bureau of Economic Analysis (BEA)

In general usage, the word recession connotes a marked slippage in economic activity. While gross domestic product (GDP) is the broadest measure of economic activity, the often-cited identification of a recession with two consecutive quarters of negative GDP growth is not an official designation.

www.bea.gov

In general usage, the word recession connotes a marked slippage in economic activity. While gross domestic product (GDP) is the broadest measure of economic activity, the often-cited identification of a recession with two consecutive quarters of negative GDP growth is not an official designation. The designation of a recession is the province of a committee of experts at the National Bureau of Economic Research (NBER), a private non-profit research organization that focuses on understanding the U.S. economy. The NBER recession is a monthly concept that takes account of a number of monthly indicators—such as employment, personal income, and industrial production—as well as quarterly GDP growth. Therefore, while negative GDP growth and recessions closely track each other, the consideration by the NBER of the monthly indicators, especially employment, means that the identification of a recession with two consecutive quarters of negative GDP growth does not always hold.


So let's look at some of those indicators, shall we?

As I showed above, unemployment is 3.6 percent. When it was 3.6 percent during Trump's term, the tards couldn't crow loud enough about it.

You can find industrial production here: Industrial Production: Total Index

As you can see, it is currently at 104.3648. If you don't know what that means, I will be happy to explain it to you in small words.

Personal income? Go here: Personal Income | U.S. Bureau of Economic Analysis (BEA)

Personal income increased $133.5 billion, or 0.6 percent at a monthly rate, while consumer spending increased $181.1 billion, or 1.1 percent, in June. The increase in personal income primarily reflected increases in compensation and proprietors’ income.







Hope this helps. I apologize for all the great news.

Just like everything else you you will be proven a no good liar . But that's what democrats do, lie about everything.

 

[KissMy]

Biden has to fight the inflation Trump's money printing created.

 

[The Duke]

Biden has to fight the inflation Trump's money printing created.

 

[frigidweirdo]

Businesses know we're in a recession even if the Biden regime tries to redefine what a recession is.

BIDEN ECONOMY: US Loses Over 600,000 Job Openings in June as Employers Stop Filling Open Positions | The Gateway Pundit | by Joe Hoft

The Bureau of Labor Statistics released a report today showing that employers eliminated over 600,000 jobs in the month of June. The Bureau of Labor Statistics (BLS) reported this morning: The number of job openings decreased to 10.7 million on the last business day of June, the U.S.

www.thegatewaypundit.com

Recession happen after periods of growth. It's like natural.

Boom and bust, when the rich win and the poor lose every time. Trump was a massive part of that.

 

[The Duke]

Biden has to fight the inflation Trump's money printing created.

 

[The Duke]

Recession happen after periods of growth. It's like natural.

Boom and bust, when the rich win and the poor lose every time. Trump was a massive part of that.

STFU you commie asshat. You ain't worth the powder and lead to kill you with. That's the only reason you're still alive.

 

[BasicHumanUnit]

Demtards on this forum really believe FULL unemployment would be great for America.
Then government could just print money and take care of everyone in their Socialist Utopia.

 

[TroglocratsRdumb]

biden was elected by zuckerberg
he must be sooo proud of his work