SavannahMann
Platinum Member
- Nov 16, 2016
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Economy in crapper with record high employment.
- Thread starter SavannahMann
- Start date
SassyIrishLass
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- Mar 31, 2009
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Unemployment went up this week. Dumbass
1srelluc
Diamond Member
Just goes to show how the dems can even ****-up the way a recession works. 
SassyIrishLass
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- Mar 31, 2009
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50 percent of CEOs planning layoffs. Did MSNBC inform the sheep?
Billy_Bob
Diamond Member
You are aware that labor participation rate dropped almost 3 percent under Biden, don't you? this means there are far fewer people gainfully employed.The economy is awful. Record high employment shows that people are working. And that is awful.
CNSNews
www.cnsnews.com
Sure we have never had this many people working before. But that just shows how awful the economy is. Or something.
JoeB131
Diamond Member
Actually, it didn't. It went from 3.7 to 3.5.
Actually it can be taken as bad news as it shows inflation is still a real issue.
The fed reserve will continue to raise rates.
The fed reserve will continue to raise rates.
SassyIrishLass
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And if it continues we're fckd
JoeB131
Diamond Member
Uh, no.. Actually, the Labor Participation rate before the TRUMP RECESSION hit was 63.4%. At the worst point it hit 60.8% It currently stands at 62.3.
Now, the Labor Participation Rate (Because you don't seem clear on the concept) is the percent of the population that is gainfully employed or seeking work. It hit a high of 67% in 2001 and has been declining slowly ever since, with a sharp drop in 2011 when the baby boomers started retiring.
Labor Force Participation Rate
View data of the percentage of the total U.S. population that is neither employed nor actively seeking work.
fred.stlouisfed.org
During the prosperous times of the 1960's, the LPR was only 58%. It started rising in the 1970's when Boomers started entering the workforce AND when women were more likely to pursue careers rather than just be homemakers!
Now, there are some other factors to consider here. One is that Covid made people really reconsider their relationship with work. Some people found it was better to economize and have one parent stay home than to have both work and pay for daycare.
JoeB131
Diamond Member
You have a point... the old ideas about beating inflation by screwing the working class with a recession may not fly anymore with an aging workforce.
Indeependent
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- Nov 19, 2013
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It's called COVID and it struck the GLOBE.Uh, no.. Actually, the Labor Participation rate before the TRUMP RECESSION hit was 63.4%. At the worst point it hit 60.8% It currently stands at 62.3.
Now, the Labor Participation Rate (Because you don't seem clear on the concept) is the percent of the population that is gainfully employed or seeking work. It hit a high of 67% in 2001 and has been declining slowly ever since, with a sharp drop in 2011 when the baby boomers started retiring.
Labor Force Participation Rate
View data of the percentage of the total U.S. population that is neither employed nor actively seeking work.fred.stlouisfed.org
During the prosperous times of the 1960's, the LPR was only 58%. It started rising in the 1970's when Boomers started entering the workforce AND when women were more likely to pursue careers rather than just be homemakers!
Now, there are some other factors to consider here. One is that Covid made people really reconsider their relationship with work. Some people found it was better to economize and have one parent stay home than to have both work and pay for daycare.
SassyIrishLass
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- Mar 31, 2009
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No no no it was Orange Man
- Banned
- #13
Yes we have a horrible economy, since screwing up the Trump Covid Recovery, and putting their Demafasicst agenda in place we have had three straighjt qtrs of NEGATIVE growth, record inflation, skyrocketing interest rates, the Xiden recession has been one of the worst on record, jobs are one fo the last things to go, and CEOs are predicting record levels of lay offs in the coming months.
www.barrons.com
Over 50% of CEOs Say They’re Considering Cutting Jobs
Remote workers may be the first to go. Microsoft researchers recently warned of "productivity paranoia" among managers about their hybrid workforce.
Winco
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- Nov 1, 2019
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Record # of people employed, and you are REQUIRED to make up some kind of negative.
Missy just can't bring himself to acknowledge a POSITIVE.
C'mon applaud the RECORD employment numbers.
I dare ya.
Still stuck on stupid.
So did inflation, but whatever.
- Banned
- #15
positives? haha no,....we have had three straight qtrs of NEGATIVE growth thanks to the Xiden demafacist policies and war on the working class
Data from the U.S. Commerce Department shows that corporate profit margins are the largest they've been in 70 years,
Toddsterpatriot
Diamond Member
The economy is awful. Record high employment shows that people are working. And that is awful.
CNSNews
Sure we have never had this many people working before. But that just shows how awful the economy is. Or something.
Increased employment and GDP is still shrinking.
Biden can't get anything right.
Indeependent
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WINCO is a public school teacher...nuff said.
Data from the U.S. Commerce Department shows that corporate profit margins are the largest they've been in 70 years,
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