Well today in Phyltydelphia J’Biden did crow that the numbers were greater than when he took office and inflation is lower than that time as well.
Inflation was 1.4% at the end of 2020 and your claim contradicts what Ol Folksy Joe asserted.
Oh wait, he’s a ■■■■■■■ liar.
But more added jobs is great news. More withholdings being contributed to the fed coffers to help pay for the free stuff being handed out to J’Biden’s illegal invasion horde.
Just look at the timing of the relevant posts. When the post was made the market was down and the image showed it was actually up was a matter of timing.
Of course, murphy’s law kicks and and it began a downturn right after my screen shot.
Did you get a chance to dig into the report yet? I’m always curious as to the types of jobs especially in light of all the tech companies announcing lay offs.
The COVID response was so very very large it is completely off the map.
I am not sure how the Great Depression and WW2 compare but if you stack up
the response to 9-11 and dot.com &
the response to the mortgage bond crisis
Those two together are like Bambi and our COVID response was like Godzilla.
The only templates we have for comparison are from non-industrialized countries acting on their own in isolation (Weimar, Zimbabwe etc.) and the result was always very very bad. Death-crisis bad. Worse than COVID bad.
The Covid pandemic was a tremendous shock to global economies, and the US labor force is still showing the effects of historic employment losses, sudden shifts in consumer behavior, discombobulated supply chains, and efforts to return to a state of normality.
The employment recovery since 2021 has been historically robust, with the monthly job gains larger than anything seen on record.
January’s jobs report came with added complexity, because it included annual updates to populations estimates and revisions to employer survey data.
“Now we know both [2021 and 2022] had faster job growth than we previously realized,” said University of Michigan economists Betsey Stevenson and Benny Doctor in a statement Friday. “The patterns remain the same: Job growth accelerated in the second half of 2021 before slowing in the first half of 2022 and slowing further in the second half of 2022.”
The January reports also bring with them “seasonal noise,” said Joe Brusuelas, principal and chief economist for RSM US.
“I’m advising policymakers and clients to ignore the topline number [of 517,000],” he said, noting it’s likely a function of seasonal adjustments and a reflection of swings in hiring activity and traditional cutbacks that take place from mid-December to mid-January.