U.S. Economic Growth Accelerates, Outpacing Forecasts - Thanks Joe!

Here is the TRUTH:
They have been lying about job growth and creation.

 
JohnDB said:
Here is the TRUTH:
They have been lying about job growth and creation.

Click to expand...

Blah Blah Blah Blah....lowest unemployment rate in decades. trump lost job when in office.
 
JimH52 said:
Blah Blah Blah Blah....lowest unemployment rate in decades. trump lost job when in office.
Click to expand...
No....only by the fuzziest of accounting practices that would put any accountant in jail.

Federal Unemployment numbers are phoney.
 
JohnDB said:
No....only by the fuzziest of accounting practices that would put any accountant in jail.

Federal Unemployment numbers are phoney.
Click to expand...
Another MAGA LIAR....I am Shocked...SHOCKED I TELL YOU!
 
citygator said:
Looks like Joe has this thing humming to pass over to Kamala. +2.8% adjusted for inflation! Best economy in the world and maybe in history.

U.S. Economy Grew Faster Than Expected in Second Quarter, at 2.8% Rate - The New York Times (nytimes.com)

Economic growth picked up more than expected in the spring, as cooling inflation and a strong labor market allowed consumers to keep spending even as high interest rates weighed on their finances.

Gross domestic product, adjusted for inflation, increased at a 2.8 percent annual rate in the second quarter, the Commerce Department said on Thursday. That was faster than the 1.4 percent rate recorded in the first quarter, but down from the unexpectedly strong growth in the second half of last year.

View attachment 983846

Consumer spending, the backbone of the U.S. economy, rose at a 2.3 percent annual rate in the second quarter — a solid pace, albeit much slower than in 2021, when businesses were reopening after pandemic-induced closings. Inflation, which picked up unexpectedly at the start of the year, eased in the second quarter.

Taken together, the data suggested that the economy remains on track for a rare “soft landing,” in which inflation cools without triggering a recession. That is something few forecasters considered likely when the Federal Reserve began raising interest rates to combat inflation two years ago.
Click to expand...

Citygator...

Categorically....
You can now be added to those known to be completely out of touch, completely ignorant or completely dishonest

US Economy Added 818,000 Fewer Jobs Than Previously Reported​

https://www.newsmax.com/finance/streettalk/jobs-revision-economy/2024/08/21/id/1177336/


(When you buy into obviously blatant bullshit from proven fallible sources then eat it like a starving dog, you lose ALL credibility)
 
BasicHumanUnit said:
Citygator...

Categorically....
You can now be added to those known to be completely out of touch, completely ignorant or completely dishonest

US Economy Added 818,000 Fewer Jobs Than Previously Reported​

https://www.newsmax.com/finance/streettalk/jobs-revision-economy/2024/08/21/id/1177336/


(When you buy into obviously blatant bullshit from proven fallible sources then eat it like a starving dog, you lose ALL credibility)
Click to expand...
You idiot. They are not additive. If I estimate how many people are in a football stadium every hour and I am 1,000 people off every our I am still only 1,000 people off at the end. It isnt additive. Learn math.
 
BasicHumanUnit said:
Citygator...

Categorically....
You can now be added to those known to be completely out of touch, completely ignorant or completely dishonest

US Economy Added 818,000 Fewer Jobs Than Previously Reported​

https://www.newsmax.com/finance/streettalk/jobs-revision-economy/2024/08/21/id/1177336/


(When you buy into obviously blatant bullshit from proven fallible sources then eat it like a starving dog, you lose ALL credibility)
Click to expand...

Yep, and even with the 818,000 fewer jobs we still added almost 2.2 million jobs, or about 170,000 a month for those 12 months.

Is it your position that 170,000 jobs a month on average is bad?
 
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Sam Altman's basic-income study is out. Here's what it found.

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