Unemployment Lowest in 53 Years

The House.

The Senate is still in the enemy’s hands.

Still…it stops your tax and spend agenda.

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Lately been good to everyone; today not so much.

I’m up .94% today.

Great. Then let’s call today an overall success :rofl:

Just in case anyone is wondering
“Is this a speculation bubble or not a speculation bubble?”

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. :face_with_raised_eyebrow:
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.

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Something does not seem quite right here with getting the complete story.

Anybody know how to find out if any of these new jobs represent second/third gigs for an individual?

517,000 new jobs for the 3,000,000 illegal aliens that came over the border…

be sure you pay your taxes - utopia for everyone

Yes see other thread

Hopefully these two don’t get mushed together into another super-mega-thread
(those are always so hard to follow)

We’re good.

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.

:frowning:

WW

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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.

Economically speaking, tech usually leads? So it’s a bit of anomaly I suppose?

I have not dug into it on that level, and since I am falling behind in my other reading I probably won’t.

I do know there is always a big post Christmas decline in jobs, (like retail and trucking.) And that

  1. BLS said 3 million post-Christmas job cuts would be a normal “seasonal adjustment”
  2. Wall St said “That may be the norm, but the economy is strong. There will be only 2.8 million job cuts.”
  3. Actual economy is even stronger. Actual job cuts were only 2.5 million.

Right now I am still scratching my head over the difference between #2 and #3. That is a very large difference.

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I completely agree that it’s hard to make sense of especially when I keep seeing stuff like this:

https://www.msn.com/en-us/money/markets/inflation-is-wreaking-havoc-on-the-american-middle-class-and-8-out-of-10-say-they-are-spending-their-savings-just-to-get-by/ar-AA176d4o?ocid=msedgntp&cvid=1a74a1edafc74d8a9eab3cffa402709c

I am still of the opinion that we are not going to really know the health of the economy and the consumer for at least another six months.

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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.

Leroy Jenkins bad.

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Rock solid investment vehicles compared to Trump’s open, naked just outright scam NFT’s lol.

You are allowed to change the subject to Trump bashing every single time you post.
I have read the ToS and there is no rule against it.

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(Already covered)

This is something that I just saw today. Not sure how much more light it sheds on this?

https://www.msn.com/en-us/money/markets/why-did-we-get-a-monster-jobs-report-if-the-economy-is-slowing/ar-AA176W6R?ocid=msedgntp&cvid=c465c09944e34f87ce46f803180edb97

From the link:

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.