CNBC Let's Slip That We Are In A Recession

[Missouri_Mike]

The OP is fake news based on a lie.

CNBC are the Trump lovers. We are definitely not in recession.

They adjusted last years job numbers Dow by 820k. The August numbers were just released below expectations and at the same time they adjusted the last two which were under expectations even lower.

How is that not a recession?

 

[RhodyPatriot]

The OP is fake news based on a lie.

CNBC are the Trump lovers. We are definitely not in recession.

I just say baseless stuff and pretend it's true with epic wish-casting because I have no penis.

Oh no, wait.

You do that.

 

[1srelluc]

Planned US layoffs surged in August, recruitment firm Challenger says

Employers plan the greatest number of layoffs in five months amid a cloudy outlook for growth and cost concerns, the recruitment firm found.

finance.yahoo.com

Reuters
Thu, Sep 5, 2024, 7:37 AM EDT1 min read

(Reuters) — U.S. employers in August unveiled the greatest number of layoffs in five months, led by cuts in the technology sector, amid a cloudy outlook for growth and ongoing cost concerns, a monthly tally of workforce reduction announcements showed on Thursday.

Firms announced 75,891 layoffs last month, roughly triple the number in July and the largest month-to-month increase in a year, outplacement firm Challenger, Gray and Christmas said. Still, announced staff reductions are down 3.7% year to date.

"August's surge in job cuts reflects growing economic uncertainty and shifting market dynamics. Companies are facing a variety of pressures, from rising operational costs to concerns about a potential economic slowdown, leading them to make tough decisions about workforce management," Challenger Vice President Andrew Challenger said in a statement.

I wonder how many of those American tech workers are being replaced by H1Bs?

Maybe they can learn to mine coal.

 

[RhodyPatriot]

Planned US layoffs surged in August, recruitment firm Challenger says

Employers plan the greatest number of layoffs in five months amid a cloudy outlook for growth and cost concerns, the recruitment firm found.

finance.yahoo.com

Reuters
Thu, Sep 5, 2024, 7:37 AM EDT1 min read

(Reuters) — U.S. employers in August unveiled the greatest number of layoffs in five months, led by cuts in the technology sector, amid a cloudy outlook for growth and ongoing cost concerns, a monthly tally of workforce reduction announcements showed on Thursday.

Firms announced 75,891 layoffs last month, roughly triple the number in July and the largest month-to-month increase in a year, outplacement firm Challenger, Gray and Christmas said. Still, announced staff reductions are down 3.7% year to date.

"August's surge in job cuts reflects growing economic uncertainty and shifting market dynamics. Companies are facing a variety of pressures, from rising operational costs to concerns about a potential economic slowdown, leading them to make tough decisions about workforce management," Challenger Vice President Andrew Challenger said in a statement.

I wonder how many of those American tech workers are being replaced by H1Bs?

Maybe they can learn to mine coal.

Breitbart also reported that.

So...fake.

 

[kyzr]

We’ve been in one since inflation exceeded 5%.

Nope. There has been no negative GDP yet.

Gross Domestic Product | U.S. Bureau of Economic Analysis (BEA)

www.bea.gov