July Wage And Job Growth Much Stronger Than Expected

[initforme]

The labor force doesn't matter.

 

[Markle]

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.

 

[JimH52]

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 chances of a recession have dropped dramatically according to Wall Street.

 

[Markle]

The labor force doesn't matter.

 

[initforme]

If you want laborers then step up and pay them. Otherwise it's your fault if you cannot find workers. You are not entitled to them. Almost 5 million people quit their jobs last year. Praise God.

 

[Rye Catcher]

Don't blame President Biden

He didn't do anything that made oil more expensive?

Wow, if I didn't know you, I would have been pleased you told a truth. Sadly, I know you, and this is sarcasm.

 

[Markle]

Wages have never come close to the productivity. Never in the history of this nation have wages match how hard people work. Sad statement on this nation I was born in.

As you know, the increase in productivity is NOT due to workers working harder, it is due to work being done by robots and computers.

 

[Leo123]

Wages have never come close to the productivity. Never in the history of this nation have wages match how hard people work. Sad statement on this nation I was born in.

Wages are paid for workers to produce a product or service for a company that has invested lots of money into their business in the form of, infrastructure, advertising, shipping, expenses, etc. It's up to the employer to set wages, not the 'nation' or the government.

 

[Leo123]

If you want laborers then step up and pay them. Otherwise it's your fault if you cannot find workers. You are not entitled to them. Almost 5 million people quit their jobs last year. Praise God.

Well, they quit because of government handouts. It's wrong of government to undermine it's own economy.

 

[Rye Catcher]

Just like I said. The LFPR was flat during Trump's entire term. Funny you tards weren't whining about that when he was bragging about his unemployment rate.

An unemployment rate which Biden has matched, by the way.

And like I said in post 13, LFPR has been rapidly trending upward during Biden's term to this point.

So exactly what is your point, other than the one on your head? Do you even look at the pretty pictures you post?!?

Clear, concise and very funny.

 

[Rye Catcher]

Wages are paid for workers to produce a product or service for a company that has invested lots of money into their business in the form of, infrastructure, advertising, shipping, expenses, etc. It's up to the employer to set wages, not the 'nation' or the government.

By law (Minimum wage) is a reasonable and rational part of government. Otherwise, we would live in a banana republic since greed is the "Values" of Corporate America.

The Cause of Income Inequality in America

U.S. income inequality has worsened significantly in the past 30 years. What does income inequality look like in the United States and what are the causes?

www.thebalance.com

Income Inequality in the U.S.​

In 2020, the top 20% of the population earned 52.2% of all U.S. income.3 The median household income fell significantly for the first time since 2011 to $67,521. That's 2.9% down from 2019's number. The richest of the rich, the top 5%, earned 23% of all income. Their average household income was $446,030.

The bottom 20% only earned 3% of the nation’s income. The lowest earner's average household income was $14,589.3 Most low-wage workers receive no health insurance, sick days, or pension plans from their employers. They can't take off work if they get ill, and have little hope of retiring. Those disparities create health care inequality, which increases the cost of medical care for everyone.

People who can't afford preventive care will often wind up in the hospital emergency room. In 2014, 15.4% of uninsured patients who visited the ER said they went because they had no other place to go.

They use the emergency room as their primary care physician. The hospitals passed this cost along to Medicaid.

How can facts end up with an emoticon of disagree? Only one dumb clown is part of this do to his inability to write a rebuttal. Sad, so dumb and yet so arrogant.

 

[hadit]

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.

Thank goodness that's not happening, that would be bad.

 

[Faun]

The dow down on this good news......makes you wonder what they know that you don't.....

The Dow finished up 77 points.

 

[Faun]

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.

Umm, that only means fewer people want to work.

Meanwhile, we have a record number of payroll jobs filled AND a record low unemployment rate for black people.

 

[Faun]

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

Uh... yeah... it actually went down last month.

Welcome to reality!!

 

[Rye Catcher]

Umm, that only means fewer people want to work.

Meanwhile, we have a record number of payroll jobs filled AND a record low unemployment rate for black people.

Huh? How about posting the demographics.

 

[Dirk the Daring]

Well, they quit because of government handouts. It's wrong of government to undermine it's own economy.

'Though the people support the government, the government should not support the people.' Grover Cleveland

 

[Markle]

Kill Trump's stupid tariffs and hike the interest rate.

Buy more from China? Why?

By law (Minimum wage) is a reasonable and rational part of government. Otherwise, we would live in a banana republic since greed is the "Values" of Corporate America.

The Cause of Income Inequality in America

U.S. income inequality has worsened significantly in the past 30 years. What does income inequality look like in the United States and what are the causes?

www.thebalance.com

Income Inequality in the U.S.​

In 2020, the top 20% of the population earned 52.2% of all U.S. income.3 The median household income fell significantly for the first time since 2011 to $67,521. That's 2.9% down from 2019's number. The richest of the rich, the top 5%, earned 23% of all income. Their average household income was $446,030.

The bottom 20% only earned 3% of the nation’s income. The lowest earner's average household income was $14,589.3 Most low-wage workers receive no health insurance, sick days, or pension plans from their employers. They can't take off work if they get ill, and have little hope of retiring. Those disparities create health care inequality, which increases the cost of medical care for everyone.

People who can't afford preventive care will often wind up in the hospital emergency room. In 2014, 15.4% of uninsured patients who visited the ER said they went because they had no other place to go.

They use the emergency room as their primary care physician. The hospitals passed this cost along to Medicaid.

 

[Toddsterpatriot]

Reduced family income? Did you not read the OP, idiot?

Wages are up.

$30 trillion in debt? Where were you when Trump was adding $8 trillion, hypocrite? That's more than a QUARTER of our total debt!!! In just four years!

Trump really is the King of Debt™.

Reduced family income? Did you not read the OP, idiot?

Wages are up.

Wage growth also surged, as average hourly earnings jumped 0.5% for the month and 5.2% from a year ago, higher than estimates.

Up 5.2%? Wow!

Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify​

The consumer price index increased 9.1% from a year ago in June, above the 8.8% Dow Jones estimate.

Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify

The consumer price index, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate.

www.cnbc.com

If wages were up 5.2% and inflation is 9.1%, was real family income up or down?

 

[Markle]

Huh? How about posting the demographics.

Again? Okey Dokey.

In case the subject of arithmetic is not one of your strong points.