Unemployment rate down to 3.7% vs. expected 3.9%; Biden PRAISED for soft landing

[6gorillion]

Most sectors are really tight under Biden to the point it's actually possible for most young people to get a decent job in this economy. It hasn't been like that since the late 90's srs. Some sectors are doing worse than others like tech, but that's pretty much recovered now. Check out some of the major tech stocks like Meta.

What?? tech is still hemorrhaging jobs. This is the biggest downturn since the dot com bust. You are fkn retarded.

Amazon, Spotify, Yahoo just laid off thousands more this week.

[Stizzel]

Most sectors are really tight under Biden to the point it's actually possible for most young people to get a decent job in this economy. It hasn't been like that since the late 90's srs. Some sectors are doing worse than others like tech, but that's pretty much recovered now. Check out some of the major tech stocks like Meta.

This troll makes me laugh

[Kraken]

What?? tech is still hemorrhaging jobs. This is the biggest downturn since the dot com bust. You are fkn retarded.

Amazon, Spotify, Yahoo just laid off thousands more this week.

https://investorplace.com/2023/12/la...ob-cuts-in-q4/

CEO Marc Benioff acknowledged responsibility, stating, “As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing.” Benioff also noted reduced productivity among remote workers, emphasizing that newer hires, in particular, exhibited lower efficiency.

This is an example of the malinvestments I was referring to earlier. Now they are liquidating by laying off.

Unemployment is going to shoot up and this will trigger the recession

[ltsOgre]

What?? tech is still hemorrhaging jobs. This is the biggest downturn since the dot com bust. You are fkn retarded.

Amazon, Spotify, Yahoo just laid off thousands more this week.

There shouldn't be any more layoffs after that. Stocks have recovered, no more rate increase and 2024 looks like a strong year for growth.

[GenXTrumpFan]

You mean he sent stimulus checks when the economy was in the toilet? The horror!

So why did Biden send stimulus checks when the economy was already recovered? But it was DRUMPF

LMFAO

So Trump sending checks did not cause inflation but Biden sending checks in March magically made the inflation rate almost double from January to March eh?

And the economy was recovered? When Biden took office unemployment was 6.7% and 2020 GDP was -2.7%. Is that some bigly great economy in cultist world? How about the $800B covid bill Trump signed in december '20? No impact on inflation either eh?

It's quite fun demolitioning you brain dead cultist.

Maybe stick to your stupid child's chart clearly pointing out that inflation started way way before anything biden signed had an opportunity to impact US inflation. You still look stupid but at least your words aren't there to back that up.

And yes, supply chains were destroyed in 2000, you arguing that point too boyo?

[GenXTrumpFan]

https://investorplace.com/2023/12/la...ob-cuts-in-q4/



This is an example of the malinvestments I was referring to earlier. Now they are liquidating by laying off.

Unemployment is going to shoot up and this will trigger the recession

Uh friend, when exactly is this going to happen? Sure some tech firms are laying off but many others are hiring and other industries can't come close to finding workers. There's not a single hint that unemployment will do anything but continue at record lows under Joe. GDP just grew 5%. The economy is super strong despite the average american being a dumb sheep who thinks higher prices are unfair but they deserved the bigly raises they've been getting. Wage inflation has far outstripped price inflation these last few months.

If Joe loses it will be because the dems can't message for chit and he's a demented old coot. Any president would love to take over this economy.

[nutsy54]

Unemployment has overall been increasing throughout 2023... how is this claimed as a good thing that should be "PRAISED"?


https://data.bls.gov/pdq/SurveyOutputServlet

[ltsOgre]

Unemployment has overall been increasing throughout 2023... how is this claimed as a good thing that should be "PRAISED"?


https://data.bls.gov/pdq/SurveyOutputServlet

Unemployment only went up modestly. More importantly, the QUALITY of jobs is improving because of Biden's policies. First time since the 90's srs.

[nutsy54]

Unemployment only went up modestly. More importantly, the QUALITY of jobs is improving because of Biden's policies. First time since the 90's srs.

It would be neat if you could provide proof of that claim...

[AlfBundy]

So Trump sending checks did not cause inflation but Biden sending checks in March magically made the inflation rate almost double from January to March eh?

And the economy was recovered? When Biden took office unemployment was 6.7% and 2020 GDP was -2.7%. Is that some bigly great economy in cultist world? How about the $800B covid bill Trump signed in december '20? No impact on inflation either eh?

It's quite fun demolitioning you brain dead cultist.

Maybe stick to your stupid child's chart clearly pointing out that inflation started way way before anything biden signed had an opportunity to impact US inflation. You still look stupid but at least your words aren't there to back that up.

And yes, supply chains were destroyed in 2000, you arguing that point too boyo?

Why would a stimulus cause inflation during a market downturn? Retard Biden pumped money into an economy that was almost completely recovered. Pure stupidity

[ltsOgre]

It would be neat if you could provide proof of that claim...

Just google how much wages have been growing over the last few months once Biden's policies have been kicking into full swing.

I just thought I would correct the most common rookie mistake when analyzing jobs numbers, prioritizing quantity over quality.

[Dave22reborn]

Amid a 60% jump in eviction filings, tenant advocates question if the Omaha Housing Authority is fulfilling its mission to serve Omaha’s poorest. Agency says it’s bound by financial realities and federal regulations.

https://flatwaterfreepress.org/omaha...r-small-debts/

Out of House and Home: Chittenden County Landlords Are Evicting at a Record Pace. But It’s the Sheriff Who Comes Knocking.

https://m.sevendaysvt.com/news/out-o...cking-39672913

Eviction report highlights issues facing renters in Montana

https://missoulian.com/news/local/mo...1c6852393.html

Card Debt Hits Another Record High As Consumers Keep Putting Purchases on Plastic

https://www.investopedia.com/card-de...lastic-8412281

Study shows Birmingham has third least sustainable credit card debt in U.S

https://www.google.com/amp/s/abc3340...dvice-interest

Experts warn of credit card debt crisis as potential record holiday spending threatens uncertain economy

https://www.google.com/amp/s/www.fox...in-economy.amp

Things are great.....

[AlfBundy]

So Trump sending checks did not cause inflation but Biden sending checks in March magically made the inflation rate almost double from January to March eh?

And the economy was recovered? When Biden took office unemployment was 6.7% and 2020 GDP was -2.7%. Is that some bigly great economy in cultist world? How about the $800B covid bill Trump signed in december '20? No impact on inflation either eh?

It's quite fun demolitioning you brain dead cultist.

Maybe stick to your stupid child's chart clearly pointing out that inflation started way way before anything biden signed had an opportunity to impact US inflation. You still look stupid but at least your words aren't there to back that up.

And yes, supply chains were destroyed in 2000, you arguing that point too boyo?

Here's a simple graphic to help you bigly educated liberals understand why Biden caused inflation:

[Kraken]

Just google how much wages have been growing over the last few months once Biden's policies have been kicking into full swing.

I just thought I would correct the most common rookie mistake when analyzing jobs numbers, prioritizing quantity over quality.

Oof. Your subjective and illogical opinion of "quality" is truly mind blowing.

So let me see if I have this right; government creates better quality jobs than the economy, and increases in wages through coercion and in response to inflation is "high quality"?

I don't think I have ever heard a credible economist referred to these circumstances as "high-quality". I can imagine a politician referring to them as "high-quality".

In other words, you are not using economics to make these observations, you are using politics.

[ltsOgre]

Oof. Your subjective and illogical opinion of "quality" is truly mind blowing.

So let me see if I have this right; government creates better quality jobs than the economy, and increases in wages through coercion and in response to inflation is "high quality"?

I don't think I have ever heard a credible economist referred to these circumstances as "high-quality". I can imagine a politician referring to them as "high-quality".

In other words, you are not using economics to make these observations, you are using politics.

It's not inflation that is causing wage growth. Right now wages are far outpacing inflation. Inflation is only 3% YoY and dropping fast. Wage growth is not only increasing but accelerating. Finally most reputable economists view the economy as strong, and I think they are underestimating how strong it is.

[Kraken]

It's not inflation that is causing wage growth. Right now wages are far outpacing inflation. Inflation is only 3% YoY and dropping fast. Wage growth is not only increasing but accelerating. Finally most reputable economists view the economy as strong, and I think they are underestimating how strong it is.

Who, economists like Paul Krugman? Lmao! Progressive economists get it wrong more than any one else. Socialism and fascism just happen to be lucrative, and it's very attractive to narcissists.

[Postmort3m]

When the average American has to work 3 jobs to pay for groceries, unemployment will be suppressed

[GenXTrumpFan]

Here's a simple graphic to help you bigly educated liberals understand why Biden caused inflation:

LOLOLOLOLOL

So you think that the government should send out stimulus checks when the market goes down?

HAHAHAHAHAHAHA

And I quoted you the shape of the economy when Biden took office. Massive unemployment, bigly negative GDP, massive increase to the debt. What about that says "recovered" economy to you boyo?

I almost feel bad making you look so very dumb.

Hey guys, Biden doubled inflation between January and March 2021 just by taking office.

It's an economic miracle!

[AlfBundy]

LOLOLOLOLOL

So you think that the government should send out stimulus checks when the market goes down?

HAHAHAHAHAHAHA

And I quoted you the shape of the economy when Biden took office. Massive unemployment, bigly negative GDP, massive increase to the debt. What about that says "recovered" economy to you boyo?

I almost feel bad making you look so very dumb.

Hey guys, Biden doubled inflation between January and March 2021 just by taking office.

It's an economic miracle!

No, he quadrupled inflation from March to January. Inflation was in normal range until the American Rescue Plan

[Dave22reborn]

More people are missing car payments in another ominous sign for the economy

https://www.google.com/amp/s/www.bus...-2023-10%3famp

[GenXTrumpFan]

No, he quadrupled inflation from March to January. Inflation was in normal range until the American Rescue Plan

Please explain how inflation doubled from January to March 2021. And holy crap it doubled again from March to June 2021. Did the biden administration just throw dollars around like they were in a strip club?

Biden's secret inflation causing wand?

I can't believe I'm conversing with someone who thinks US inflation metrics can be impacted by any action within a few months.

Let me destroy you with more facts.

"M2 (money supply) took off in March 2020 as the Fed slashed rates and started buying trillions of dollars in bonds to help support the economy as the coronavirus pandemic started, ultimately mushrooming by $6.3 trillion - a 40% increase - from its level right before the start of the crisis."

https://www.reuters.com/markets/us/u...ly-2023-01-26/

Get some education friend, you're looking really really stupid.

And damn that Obama for causing the Great Recession!

[JayJ350]

Democrats ITT:

[GenXTrumpFan]

Democrats ITT:

Other than the lingering effects of Trumpflation, the current economy kicks the crap out of anything Trump produced. Dude couldn't even hit 3% GDP for a year or 4% for a quarter FFS. Dude added $8T to the debt in just four freaking years. He left with negative GDP and is the only president with job losses.

SAD

[AlfBundy]

Please explain how inflation doubled from January to March 2021. And holy crap it doubled again from March to June 2021. Did the biden administration just throw dollars around like they were in a strip club?

Biden's secret inflation causing wand?

No problem. This is how:



A simple Google search will reveal a plethora of articles detailing Biden's American Rescue Plan's impact on inflation. I'm sure you've seen them

[AlfBundy]

Other than the lingering effects of Trumpflation, the current economy kicks the crap out of anything Trump produced. Dude couldn't even hit 3% GDP for a year or 4% for a quarter FFS. Dude added $8T to the debt in just four freaking years. He left with negative GDP and is the only president with job losses.

SAD

And this is what makes you ignorant. You act like covid didn't happen. Pre-covid, Trump's GDP numbers were better than Obama's, regularly hitting 2-3%. And guess what? Wage growth outpaced inflation too This is the part where you cope some more

[Dave22reborn]

And this is what makes you ignorant. You act like covid didn't happen. Pre-covid, Trump's GDP numbers were better than Obama's, regularly hitting 2-3%. And guess what? Wage growth outpaced inflation too This is the part where you cope some more

He also supported the lockdowns, restrictions and mandates and believed they should have been even harsher.

[AlfBundy]

He also supported the lockdowns, restrictions and mandates and believed they should have been even harsher.

NPCs gonna NPC

[GenXTrumpFan]

No problem. This is how:



A simple Google search will reveal a plethora of articles detailing Biden's American Rescue Plan's impact on inflation. I'm sure you've seen them

Do you think this "graph" of market performance is relevant in any way? Seriously boyo. The market has downturned many many times and stimulus checks were never sent.

Can you explain how inflation doubled from January to March and doubled again from March to June when virtually none of Biden's covid bill dollars had been spent?

Could it be the $2.7T Trump injected into the economy the prior year you think?

lol at you.

[GenXTrumpFan]

And this is what makes you ignorant. You act like covid didn't happen. Pre-covid, Trump's GDP numbers were better than Obama's, regularly hitting 2-3%. And guess what? Wage growth outpaced inflation too This is the part where you cope some more

Trump never hit even 4% for a quarter or 3% for a year, first time EVER. Trump's economy sucked. And in your view covid was gone when Biden took office?

Wage growth is outpacing inflation right now much biglier than it ever did for Trump boyo. Tell me something Mr. Econ wiz, why did Trump cry so much about Fed rates that they LOWERED rates in 2019? Is that something you do with a "booming" economy?

[AlfBundy]

Do you think this "graph" of market performance is relevant in any way? Seriously boyo. The market has downturned many many times and stimulus checks were never sent.

Can you explain how inflation doubled from January to March and doubled again from March to June when virtually none of Biden's covid bill dollars had been spent?

Could it be the $2.7T Trump injected into the economy the prior year you think?

lol at you.

Why do you keep talking about inflation from Jan to March? It was within normal range until Biden told everyone they were getting extra cash they didn't need, driving up massive demand. I remember a guy I worked with got $4k because of his kids. Guess what? He blew it all on consumerist garbage, just like everyone else did. Because they didn't need it

Thanks Biden, thanks a lot. That's what happens when you let liberal "demand-focused" nuts run the economy