Inflation Plummeting Rapidly

[Ralph Norton]

Trump to leave office with the worst jobs record since Herbert Hoover

The number of employed Americans fell by 3 million during Trump's time in office.

fortune.com

Trump loses 3 million jobs
Biden gains 13 million jobs


BIDEN 2024

Yeah, now what was that called? Covid? I wonder if that had anything to do with it?

 

[Ralph Norton]

this is obviously a troll thread .

That is what The Banker does.

 

[HikerGuy83]

Biden and Bill Clinton are the best presidents of the modern era.

When you give them a republican congress......they look fantastic.

I liked Clinton......he threw the left wing under the bus.

But recall his top priority after getting elected was gays in the military.

And in 1994, he LOST congress is a huge way. With a GOP congress, together they did great things.

Biden is nothing like Clinton.

He's more like Obama.....who was a failure in his own right.

I will agree with you that Bush was a total disaster. No conservative can stand up for him.

I am not a fan of Donald's but I voted for him. My vote was justified in three words.....Gorsuch, Kavanaugh, Barrett.

 

[HikerGuy83]

Yeah, now what was that called? Covid? I wonder if that had anything to do with it?

Only to the extent that it helped make Trump look bad.

If there is no Covid, there is no Joe Biden.

 

[Lesh]

Biden getting it done.

Of course that makes Republicans sad so they’ll try to claim down is actually up

 

[odanny]

Liar.

Believe what ya want, my portfolio has never been higher.

 

[hadit]

Our President is doing a great job!
13 million jobs added.



Biden 2024

Way to go, Congress!!

 

[rightwinger]

Job creation by President

Bush 41.….1.9 million
Clinton…..23.5 million
Bush 43……1.3 million
Obama…..11.5 million
Trump…….-3 million
Biden……13 million

Jobs created during U.S. presidential terms - Wikipedia

en.wikipedia.org

Do I detect a trend?

3 Republican Presidents created 200,000 jobs TOTAL
3 Democratic Presidents created. 48 million jobs TOTAL

 

[hadit]

Job creation by President

Bush 41.….1.9 million
Clinton…..23.5 million
Bush 43……1.3 million
Obama…..11.5 million
Trump…….-3 million
Biden……13 million

Jobs created during U.S. presidential terms - Wikipedia

en.wikipedia.org

Do I detect a trend?

I do. You didn't post the makeup of Congress for them.

 

[justoffal]

Trump to leave office with the worst jobs record since Herbert Hoover

The number of employed Americans fell by 3 million during Trump's time in office.

fortune.com

Trump loses 3 million jobs
Biden gains 13 million jobs


BIDEN 2024

Rebound after the pandemic
Those jobs are there because they were there already. The economy is actually shrinking.

 

[Harpy Eagle]

View attachment 800147

More workers find their wages falling even further behind inflation

While the past 25 years have witnessed episodes that show either a greater incidence or larger magnitude of real wage declines, the current time period is unparalleled in terms of the challenge employed workers face.

www.dallasfed.org

#Bidenfailure

 

[Blaster]

Believe what ya want, my portfolio has never been higher.

Liar.

 

[Harpy Eagle]

Rebound after the pandemic
Those jobs are there because they were there already. The economy is actually shrinking.

Oh fucking bullshit, we have 4 million more people working now than before the pandemic.

All Employees, Total Nonfarm

View the number of nonfarm employees in the U.S., who account for approximately 80 percent of the workers who contribute to GDP.

fred.stlouisfed.org

 

[SweetTea]

Believe what ya want, my portfolio has never been higher.

I guess you're the king of shorts or investing in fixed income vehicles. It was much easier to pick winners in Trump's economy pre-covid than it is now.

 

[SweetTea]

Oh fucking bullshit, we have 4 million more people working now than before the pandemic.

All Employees, Total Nonfarm

View the number of nonfarm employees in the U.S., who account for approximately 80 percent of the workers who contribute to GDP.

fred.stlouisfed.org

So what's up with all the help wanted signs? Why are so many businesses short on labor? Did we all of a sudden have an influx of new businesses that required more labor or perhaps do you think there may be another reason, like people removing themselves from the workforce.

 

[Blaster]

So what's up with all the help wanted signs? Why are so many businesses short on labor? Did we all of a sudden have an influx of new businesses that required more labor or perhaps do you think there may be another reason, like people removing themselves from the workforce.

More people on government assistance.

 

[hjmick]

I just paid $25 dollars for two Banana Splits

but hey, if you dictate so, the price was $50 a week ago?

Which two?

 

[Harpy Eagle]

So what's up with all the help wanted signs? Why are so many businesses short on labor? Did we all of a sudden have an influx of new businesses that required more labor or perhaps do you think there may be another reason, like people removing themselves from the workforce.

People have removed themselves from the workforce. The LFPR is still down about .7 percentage points from the high pre-pandemic. The number of retirees is growing and more parents are choosing to stay at home due to raising child care cost so there are less two job families.

 

[SweetTea]

More people on government assistance.

Yep, and probably not counted as unemployed. I don't know this for certain, just speculating.

 

[SweetTea]

People have removed themselves from the workforce. The LFPR is still down about .7 percentage points from the high pre-pandemic. The number of retirees is growing and more parents are choosing to stay at home due to raising child care cost so there are less two job families.

So how is this new jobs added number calculated and is it really accurate or meaningful?