July Wage And Job Growth Much Stronger Than Expected

[g5000]

Not nearly as fast as inflation. The economy sucks and manipulating the numbers will not change that.

Inflation will end, and they will still have their higher wages.

I know how badly you tards want America to fail. It's pretty sickening.

 

[Aldo Raine]

Conservatives will lie and blame President Biden regardless.

Where have you been? They already have.
MAGA

 

[Lastamender]

Inflation will end, and they will still have their higher wages.

I know how badly you tards want America to fail. It's pretty sickening.

Inflation is only going to get worse. Stop lying.

 

[OKTexas]

Our economy is doing so well, the stock market is worried the Fed will increase interest rates even more.

S&P 500, Nasdaq fall Friday, but notch weekly gains after blowout July jobs report

Investors looked to Friday's jobs report for further clues about the Federal Reserve's path of rate hikes.

www.cnbc.com

The labor market added 528,000 jobs in July, easily beating a Dow Jones estimate of a 258,000 increase. The unemployment rate ticked down to 3.5%, below the 3.6% estimate. Wage growth also ticked up more than estimated, up 0.5% for the month and 5.2% higher than a year ago, signaling that high inflation is likely still a problem.

Rapid growth contributes to inflation.

3.5% unemployment. That ties Trump's lowest unemployment rate.

Inflation in the UK is expected to hit 13 percent, which is Biden's fault, amiright?

Bank of England warns the UK will fall into recession this year

The Bank of England raises rates as it warns inflation will rise over 13% and the UK faces a long recession.

www.bbc.com

So tell the class, how many of those new hires were people taking second or third jobs trying to keep their heads above the inflation waters?

.

 

[g5000]

So tell the class, how many of those new hires were people taking second or third jobs trying to keep their heads above the inflation waters?

.

I guess you have not heard of the Great Resignation. People are quitting their jobs for better paying jobs.

So tell us what imaginary figure you have inside that pointy head of yours.

 

[g5000]

I notice the BDS troops are ignoring the UK's inflation is above 13 percent.

They must be waiting on word from their propagandists on how to blame Biden.

 

[g5000]

So tell the class, how many of those new hires were people taking second or third jobs trying to keep their heads above the inflation waters?

.

Although fewer people today are working multiple jobs, more Americans than ever hold two full-time jobs, amounting to more than 70 hours of work a week. In June, 426,000 people were working two full-time positions, compared to 308,000 in February 2020, according to federal labor data.

Along with more workers experiencing financial distress. that trend also reflects the strong job market and robust employment opportunities in the U.S., experts note.

"Historically, the share of workers with multiple jobs goes up when the labor market is strong and goes down when the labor market is weak," said Heidi Shierholz, president of the Economic Policy Institute, a nonpartisan think tank. "It's basically a question of job availability. We are seeing this increase in multiple job holdings as the labor market has strengthened."

More American workers are taking on second jobs as inflation rages

Number of people working two full-time jobs is at a record high, according to government labor numbers.

www.cbsnews.com

The labor market is strong! Anyone who wants a job, or a second job, can get one!

I'm sorry this great news upsets you so much.

 

[jbrownson0831]

I guess you have not heard of the Great Resignation. People are quitting their jobs for better paying jobs.

So tell us what imaginary figure you have inside that pointy head of yours.

Well, the employee labor participation rate is down yet again in July. So how can they be finding other jobs? Sounds like Dimmer ilk is just sitting on the porch drinking their 40 ozers.

 

[jbrownson0831]

Although fewer people today are working multiple jobs, more Americans than ever hold two full-time jobs, amounting to more than 70 hours of work a week. In June, 426,000 people were working two full-time positions, compared to 308,000 in February 2020, according to federal labor data.

Along with more workers experiencing financial distress. that trend also reflects the strong job market and robust employment opportunities in the U.S., experts note.

"Historically, the share of workers with multiple jobs goes up when the labor market is strong and goes down when the labor market is weak," said Heidi Shierholz, president of the Economic Policy Institute, a nonpartisan think tank. "It's basically a question of job availability. We are seeing this increase in multiple job holdings as the labor market has strengthened."

More American workers are taking on second jobs as inflation rages

Number of people working two full-time jobs is at a record high, according to government labor numbers.

www.cbsnews.com

The labor market is strong! Anyone who wants a job, or a second job, can get one!

I'm sorry this great news upsets you so much.

So pre Covid jobs are back and you DImmers are still sucking off the gubment teat.

 

[pyetro]

Our economy is doing so well, the stock market is worried the Fed will increase interest rates even more.

S&P 500, Nasdaq fall Friday, but notch weekly gains after blowout July jobs report

Investors looked to Friday's jobs report for further clues about the Federal Reserve's path of rate hikes.

www.cnbc.com

The labor market added 528,000 jobs in July, easily beating a Dow Jones estimate of a 258,000 increase. The unemployment rate ticked down to 3.5%, below the 3.6% estimate. Wage growth also ticked up more than estimated, up 0.5% for the month and 5.2% higher than a year ago, signaling that high inflation is likely still a problem.

Rapid growth contributes to inflation.

3.5% unemployment. That ties Trump's lowest unemployment rate.

Inflation in the UK is expected to hit 13 percent, which is Biden's fault, amiright?

Bank of England warns the UK will fall into recession this year

The Bank of England raises rates as it warns inflation will rise over 13% and the UK faces a long recession.

www.bbc.com

The media won't talk and unemployment until it goes up.

 

[Lesh]

As the normal American family suffers from the inflation, the Oil Companies are loving it:

Empowering People in Oil and Gas

RIGZONE News - leading source for the latest news and information for the oil and gas industry

www.rigzone.com

Oil giant's bumper $8.45 billion profits spark cost-of-living crisis backlash

Here's a breakdown of BP's key numbers causing an uproar.

fortune.com

Exxon and Chevron Report Record Profits on High Oil and Gas Prices (Published 2022)

The energy industry’s windfall followed a spike in prices, resulting mostly from Russia’s invasion of Ukraine and the global economic rebound from the coronavirus pandemic.

www.nytimes.com

Don't blame President Biden, blame the oil companies and buy an electric car.

Oil companies got crushed during COVID and they have been trying to recoup that loss. A 10% drop in demand and a few other factors are being gas prices down.

Not excusing them… just explaining

 

[Lesh]

So pre Covid jobs are back and you DImmers are still sucking off the gubment teat.

In what way are people doing that?

 

[OKTexas]

I guess you have not heard of the Great Resignation. People are quitting their jobs for better paying jobs.

So tell us what imaginary figure you have inside that pointy head of yours.

More American workers are taking on second jobs as inflation rages

Number of people working two full-time jobs is at a record high, according to government labor numbers.

www.cbsnews.com

.

 

[g5000]

More American workers are taking on second jobs as inflation rages

Number of people working two full-time jobs is at a record high, according to government labor numbers.

www.cbsnews.com

.

See post 27.

 

[g5000]

So pre Covid jobs are back and you DImmers are still sucking off the gubment teat.

I don't know who "you Dimmers" are. I'm unaffiliated after resigning my lifelong membership in the GOP. That party does not exist any more.

As for me, I'm making 28 percent more since Biden took office. Not that I'm giving him any credit for it. I earned it.

 

[g5000]

So pre Covid jobs are back and you DImmers are still sucking off the gubment teat.

The number of SNAP participants grew from 37 million in an average month just before the pandemic to 43 million in June 2020. (The total number of individuals helped by SNAP during the pandemic is higher than these point-in-time figures because households enrolled in and left the program over the course of the last two years.) The number of people participating in SNAP has declined since the summer of 2020, but in February 2022 (the most recent data available) more than 41 million people participated, 12 percent above the February 2020 level. CBO forecasts the number of SNAP participants will continue to decline in coming years and ultimately fall below pre-pandemic levels. After a downturn, SNAP caseloads tend to remain elevated for a number of years. One reason is that during a crisis, families who may have already been eligible apply for SNAP as they face greater need and uncertainty. Such households may continue to participate in the program, receiving benefits to augment their low earnings until their earnings rise enough to make them wholly ineligible.

A 2022 Review of the Farm Bill: Stakeholder Perspectives on Title IV SNAP Provisions | Center on Budget and Policy Priorities

Research shows that SNAP is one of our most effective tools in reducing hunger and food insecurity, which occurs when a lack of resources causes household members to struggle to afford enough food for an active, healthy life during the entire year. As a result, it plays a critical role in our...

www.cbpp.org

 

[OKTexas]

Although fewer people today are working multiple jobs, more Americans than ever hold two full-time jobs, amounting to more than 70 hours of work a week. In June, 426,000 people were working two full-time positions, compared to 308,000 in February 2020, according to federal labor data.

Along with more workers experiencing financial distress. that trend also reflects the strong job market and robust employment opportunities in the U.S., experts note.

"Historically, the share of workers with multiple jobs goes up when the labor market is strong and goes down when the labor market is weak," said Heidi Shierholz, president of the Economic Policy Institute, a nonpartisan think tank. "It's basically a question of job availability. We are seeing this increase in multiple job holdings as the labor market has strengthened."

More American workers are taking on second jobs as inflation rages

Number of people working two full-time jobs is at a record high, according to government labor numbers.

www.cbsnews.com

The labor market is strong! Anyone who wants a job, or a second job, can get one!

I'm sorry this great news upsets you so much.

Inflation at a 41 year high is not good news no matter how you try to spin it. Also raising interest rates will eventually kill the job market. It's already effecting the housing market which will eventually effect all sectors of consumer spending.

.

 

[g5000]

Inflation at a 41 year high is not good news no matter how you try to spin it. Also raising interest rates will eventually kill the job market. It's already effecting the housing market which will eventually effect all sectors of consumer spending.

.

Yes, there is a good chance the Fed's raising of interest rates will cause a recession. I even started a topic about it a couple/few months ago.

But raising interest rates is the only way to cool inflation.

Reagan and Fed chairman Paul Volker had the balls to raise interest rates into double digits to cool the stagflation which had plagued the 70s, and a recession followed. But they both stuck to their guns, and then the economy came roaring back stronger than ever.

Our politicians and the Federal Reserve have been too cowardly to do the right thing for the economy for way too long. We got here through ZIRP and massive deficits by Bush, Obama, and Trump. It was just a matter of time before it caught up to us and the pandemic shutdown is what pushed us over the edge.

Pain avoidance such as what our politicians and the Fed have been doing always results in much greater pain down the road.

THAT is why we are where we are. Which is why you can't explain how Biden is responsible.

 

[g5000]

Inflation at a 41 year high is not good news no matter how you try to spin it. Also raising interest rates will eventually kill the job market. It's already effecting the housing market which will eventually effect all sectors of consumer spending.

.

The Coming Recession

I wonder if there is one thing we can all agree on. If there is, it should be the fact that neither of the major parties is fiscally responsible. No matter which party controls Congress, no matter what letter is after the name of the president, the federal debt climbs faster and faster with...

www.usmessageboard.com

See posts 1, 3, 6, 8, and 10.

 

[g5000]

Pay off your credit cards as soon as possible, folks. Your credit card interest rate is tied to the Fed interest rate.