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678,000 new jobs in February. Unemployment falls to 3.8%

Not with inflation like this. The Fed must and will react and we'll see if they are too late or not, and how many hikes will be needed.
You post like a paid shill.
 
All that matters is the actual unemployment rate, which is always presented about 4% lower than it actually is.
It can matter ... depending on the labor participation rate. Is that what you're considering?
 
Retirements being filled. New or returning jobs?
They're not new positions being created, if that's what you mean. There were a lot of early retirements during the pandemic.
I'm talking about how accurate it is for a pol to go around saying "We created 678,000 new jobs" when the vast majority aren't "new" jobs.
They're coming back after the shutdown.
 
They're not new positions being created, if that's what you mean. There were a lot of early retirements during the pandemic.
I'm talking about how accurate it is for a pol to go around saying "We created 678,000 new jobs" when the vast majority aren't "new" jobs.
They're coming back after the shutdown.
An assertion you've and many others have claimed but yet to prove with any actual data.
 
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Not with inflation like this. The Fed must and will react and we'll see if they are too late or not, and how many hikes will be needed.
Remember how many times the Fed wanted to act and Donny T threw is tantrums. Trump ran pur nation like the Taj Mahal, but his dad wasn’t around to bail him out. Trump only cared about how he looked and never cared what was good for out nation. He lied and ****ed all of us.
 
What will you say when the recession starts? Biden is great for our economy. Way to go Joe.
If he doesn't get inflation under control, the layoffs will start.
Inflation is already hurting the middle class and will start to effect upper middle class families.
Families will not have the money to go to restaurants, to the movies, on vacation. They will hold off buying large purchases. After paying for energy costs, gas and groceries, there will be less money.
Layoffs will start with hospitality industry and balloon from there.
 
More economic booming.

Unemployment rate figures are always suspect.
How many people left the labor market?

In February, the unemployment rate edged down to 3.8 percent, and the number of unemployed persons edged down to 6.3 million. In February 2020, prior to the coronavirus (COVID-19) pandemic, the unemployment rate was 3.5 percent, and the number of unemployed persons was 5.7 million

Among the unemployed, the number of persons on temporary layoff, at 888,000 in February, was little changed over the month. The number of permanent job losers, at 1.6 million in February, also changed little. Both measures are higher than their February 2020 levels of 780,000 and 1.3 million, respectively.

The labor force participation rate, at 62.3 percent in February, changed little over the month.

The number of persons employed part time for economic reasons increased by 418,000 to 4.1 million in February but remains below its February 2020 level of 4.4 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs.

The number of persons not in the labor force who currently want a job declined by 349,000 to 5.4 million in February. This measure is above its February 2020 level of 5.0 million. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job

Among those not in the labor force who wanted a job, the number of persons marginally attached to the labor force, at 1.5 million, changed little in February. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, was little changed over the month at 391,000.

In February, 4.2 million persons reported that they had been unable to work because their employer closed or lost business due to the pandemic
 
What will you say when the recession starts? Biden is great for our economy. Way to go Joe.
If he doesn't get inflation under control, the layoffs will start.
Inflation is already hurting the middle class and will start to effect upper middle class families.
Families will not have the money to go to restaurants, to the movies, on vacation. They will hold off buying large purchases. After paying for energy costs, gas and groceries, there will be less money.
Layoffs will start with hospitality industry and balloon from there.
You could be right, but then again conservatives predict economic meltdowns every time a democrat gets in the white house and it never happens.
 
You could be right, but then again conservatives predict economic meltdowns every time a democrat gets in the white house and it never happens.
We get the monthly CPI number on Thursday morning. That will give us some new data about the inflation situation.
High inflation, recession, stagflation, etc. - do indeed happen from time to time and are sometimes quite pervasive.
 
We get the monthly CPI number on Thursday morning. That will give us some new data about the inflation situation.
High inflation, recession, stagflation, etc. - do indeed happen from time to time and are sometimes quite pervasive.
6.9% GDP growth and a 3.8% unemployment rate are not stagflation.
 
6.9% GDP growth and a 3.8% unemployment rate are not stagflation.
Correct. But higher than normal rates of inflation are indeed one aspect of stagflation. I'm not predicting stagflation, but it is certainly a growing concern of a number of economists.
 
An assertion you've and many others have claimed but yet to prove with any actual data.
The jobs are coming back. They're not being created.
I don't know what you're looking for that makes that clearer but maybe you'll find it here in the leftwing National Memo
 
The jobs are coming back. They're not being created.
I don't know what you're looking for that makes that clearer but maybe you'll find it here in the leftwing National Memo
Quite frankly it really is semantics. The jobs only "come back" if there is enough demand to support them if not they never "come back" until there is. How long must they be gone before they are new? Is a growth in manufacturing new or just " coming back"? Honestly, it just come across as a whiny talking point to slap down great news.
 
Remember how many times the Fed wanted to act and Donny T threw is tantrums. Trump ran pur nation like the Taj Mahal, but his dad wasn’t around to bail him out. Trump only cared about how he looked and never cared what was good for out nation. He lied and ****ed all of us.
Exactly. They saw this coming, and Trump as usual ****ed the country.
 
Quite frankly it really is semantics. The jobs only "come back" if there is enough demand to support them if not they never "come back" until there is. How long must they be gone before they are new? Is a growth in manufacturing new or just " coming back"?
Growth in manufacturing? From what baseline?
Honestly, it just come across as a whiny talking point to slap down great news.
Great news needs to be accurately framed before credit can be claimed.
 
The jobs are coming back. They're not being created.
I don't know what you're looking for that makes that clearer but maybe you'll find it here in the leftwing National Memo
"It's only returning jobs. Here's a link not proving anything I just said."
 
What will you say when the recession starts? Biden is great for our economy. Way to go Joe.
If he doesn't get inflation under control, the layoffs will start.
Inflation is already hurting the middle class and will start to effect upper middle class families.
Families will not have the money to go to restaurants, to the movies, on vacation. They will hold off buying large purchases. After paying for energy costs, gas and groceries, there will be less money.
Layoffs will start with hospitality industry and balloon from there.
^^^ you want the country to fail...
sick Sick SICK...
-PEACE OF SHIT
1646539223702.png
 
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