Good News? December 2023 Jobs Report

So here’s the monthly jobs report:

https://www.bls.gov/news.release/empsit.nr0.htm

216,000 increase for December. Unemployment rate the same at 3.7%. Previous months revised down by a total of 71,000, but total year average at 225,000 per month which is pretty good. Wages up 4.1% year over year which is very good. Labor participation rate at 62.5%. Pretty much unchanged for the entire year. Overall, looks like a pretty decent year.

Excellent news.

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Jobs have been created at more than 40 times the rate under Biden than under the last 3 GOP Presidents.

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Since 1989 and a new age of globalization began, 50 million net new jobs have been created in America.

48 million of those, 96%, have been created under Democratic Presidents.

Good news!

The US has had 22 months of consecutive sub-4% unemployment, the longest stretch since the late 1960s.

The spin on that will be something along the lines of…but that means everyone needs to work to survive. Unemployment rate is too low!!! It should be higher!!! Or something stupid like that.

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Don’t forget about the millions and millions who have “given up” on looking for work. Can’t wait to read em! :roll_eyes:

Good News!!!(???)!!one!!!

I know I’ve made this joke many times…BUT FOR THE LOVE OF GOD BE CAREFUL WHEN YOU POST THAT!!! IT MIGHT CRASH THE FORUM!!!

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I’m here patiently waiting for our forum economists to tell us how these numbers are all wrong with random graphs thrown in for giggs.

The feds to the surprise of many have been able to manage this inflationary period very well. Slowing down the economy but also keeping it humming.

I was hearing that the fed rate needed to be at parity with the inflation rate at one point to get it under control.

Well turns out not so…

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Look how hard they’re trying. :rofl:

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Job growth, wage growth, low unemployment, inflation dropping, stocks up, gas prices down…Yeah, they’re trying.

Here’s this guy’s take (don’t think that he is a forum member though) on the latest jobs report:

https://www.msn.com/en-us/money/markets/hidden-recession-and-inflation-warnings-in-december-jobs-report/vi-AA1mwvNk?ocid=msedgntp&cvid=6701ddae822e4112af6580af5730e1a7&ei=72

No. No. No. Just watch Fox News. It is all bad. There is no positive as long as Biden is POTUS.

How’s he doing it?!

It is good news.

Here’s the secret:

The US government’s debt has topped $34 trillion for the first time, just weeks ahead of deadlines for Congress to agree to new federal funding plans.

Which president contributed 25% of that amount?

It was the one who said he would get rid of all of it in his first 4 years.

The January report is out. Can’t wait to be told how terrible it is after a deep dive.

The numbers came in much better than expected:

Job growth was widespread on the month, led by professional and business services with 74,000. Other significant contributors included health care (70,000), retail trade (45,000), government (36,000), social assistance (30,000) and manufacturing (23,000).

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