Job creation roars back in October as payrolls rise by 531,000

[CaughtInThe]

The Dow is at record highs. 5 Million jobs have come back. The unemployment rate is at 4.8%. There have been over 200 Million vaccinations given in 10 months and around 30% of Americans think that the country is heading the right direction.

Democrats suck at messaging.

Yep

Just go to Hollywood and get them to do it.

 

[CaughtInThe]

Ok, this was a slap down.

Keep reading

 

[holbritter]

half isn't zero and they are having a massive effect on the steel industry, auto industry, etc. When tariffs are cut, they don't have an immediate affect just as if they are raised the effect isn't immediate.

True, half isn't zero, but there wasn't zero tariffs to being with, when inflation wasn't soaring, and almost 2 years is not immediate.
Economists differ on whether tariffs are the cause. You chose your side, I chose mine. I think blaming tariffs is an easy out for manufactures.

U.S. Manufacturers Blame Tariffs for Swelling Inflation. Some economists differ, saying removing tariffs on metal, lumber won’t mean big drop in prices.​

U.S. Manufacturers Blame Tariffs for Swelling Inflation

Companies stung by import levies are pushing for the Biden administration to lift them, but some economists say removing tariffs on metal and lumber won’t mean a big drop in prices.

www.wsj.com

 

[CaughtInThe]

I get the feeling that a ton of Trump Republicans just developed hemorrhoids.

 

[MTAtech]

Consumer demand, yes. Not so sure about the tariffs. The higher tariffs imposed in Sept. 2019, were cut almost in half in Feb. 2020, and China cut their retaliatory tariffs in half as well. China reduced their tariffs again in July on certain goods and in Jan. 2021.
A major cause is government spending.

When the federal government passed the CARES Act in March 2020, there was a strong justification for doing so. For without it, the U.S. would have faced a very dark economic period, some even say a depression. Regardless, federal spending has created the largest government deficit in U.S. history. In the most recent fiscal year ending September 30, 2020, the U.S. had a $3.129 trillion budget shortfall, more than twice the $1.4 trillion deficit during the 2008 financial crisis.

Inflation Surge To Continue: Here Are 3 Reasons Why

In June and again in July, inflation rose by 5.3% on a year-over-year basis, marking the largest such increase since July 2008.

www.forbes.com

If your argument is that government debt is driving inflation, that's just bad economics. Government debt can cause inflation if the government is crowding out private borrowing, driving interest rates up. There is no evidence of that with real interest rates negative. There is plenty of money out there for borrowing.

Inflation is being driven by shortages with allow sellers to demand higher prices for the products that they have. The shortages are all pandemic related. That's why most economists and central banks believe inflation is transitory.

 

[Variant]

The Dow is at record highs. 5 Million jobs have come back. The unemployment rate is at 4.8%. There have been over 200 Million vaccinations given in 10 months and around 30% of Americans think that the country is heading the right direction.

Democrats suck at messaging.

There's just a lag effect with things like economic wellbeing, as, it takes time for people to actually feel it.

 

[Variant]

So you're saying the upward revisions in September and October have something to do with states that ended the $300 enhanced benefit early? Interesting take.

Interesting but not in evidence. Just a post hoc argument.

Ending unemployment benefits had little impact on jobs and fueled $2 billion spending cut, study finds

States that withdrew early from federal unemployment programs saw households cut spending by nearly $2 billion through early August, according to a new study.

www.cnbc.com

 

[Kushinator]

Keep reading

It's just desperate trolling.

However, how telling that people who voted for Trump are hoping for the economy to underperform.

Interesting but not in evidence. Just a post hoc argument.

Ending unemployment benefits had little impact on jobs and fueled $2 billion spending cut, study finds

States that withdrew early from federal unemployment programs saw households cut spending by nearly $2 billion through early August, according to a new study.

www.cnbc.com

They've been educated on the topic on a rather continuous basis, and so there can be no excuse for such ignorance.

 

[CaughtInThe]

It's just desperate trolling.

However, how telling that people who voted for Trump are hoping for the economy to underperform.

They've been educated on the topic on a rather continuous basis, and so there can be no excuse for such ignorance.

they will say anything and tell any lie.

they will even vote for a crook who steals from his family and speaks of grabbing women between their legs.

 

[Variant]

It's just desperate trolling.

However, how telling that people who voted for Trump are hoping for the economy to underperform.

They've been educated on the topic on a rather continuous basis, and so there can be no excuse for such ignorance.

Excusing ignorance and dealing with it are two different things.

 

[NuffSaid]

I get the feeling that a ton of Trump Republicans just developed hemorrhoids.

How are they supposed to ride the doom and gloom train into November of 2022?

I guess now they are really hoping for a crash in the economy, maybe some other catastrophe to help them.

 

[NuffSaid]

It's just desperate trolling.

However, how telling that people who voted for Trump are hoping for the economy to underperform.

They've been educated on the topic on a rather continuous basis, and so there can be no excuse for such ignorance.

Trump lickers are real pissed the economy is doing well.
They can't ride CRT for another year.

 

[iguanaman]

True, half isn't zero, but there wasn't zero tariffs to being with, when inflation wasn't soaring, and almost 2 years is not immediate.
Economists differ on whether tariffs are the cause. You chose your side, I chose mine. I think blaming tariffs is an easy out for manufactures.

U.S. Manufacturers Blame Tariffs for Swelling Inflation. Some economists differ, saying removing tariffs on metal, lumber won’t mean big drop in prices.​

U.S. Manufacturers Blame Tariffs for Swelling Inflation

Companies stung by import levies are pushing for the Biden administration to lift them, but some economists say removing tariffs on metal and lumber won’t mean a big drop in prices.

www.wsj.com

There is no doubt that tariffs drive up costs and prices. Someone is paying them and it is not China. But supply problems are the main driver of increased prices and when it comes to oil it is deliberate. Producers have cut production and reaping the benefits.

 

[CaughtInThe]

How are they supposed to ride the doom and gloom train into November of 2022?

I guess now they are really hoping for a crash in the economy, maybe some other catastrophe to help them.

yep. and they gotta do it in the middle of the economic recovery.


i guess we're gonna hear a LOT about woke and crt and inner cities now. and open borders.

 

[Sabre]

Considering the official number of unemployed Americans is 10.1 million, according to the Labor Department, 531,000 is a start but far from a "roar".

 

[Greenbeard]

Considering the official number of unemployed Americans is 10.1 million, according to the Labor Department, 531,000 is a start but far from a "roar".

Employment Situation Summary - 2025 M08 Results

www.bls.gov

The unemployment rate edged down to 4.6 percent in October. The number of unemployed persons, at 7.4 million, continued to trend down.

 

[Hatuey]

But BLS, Copy Pasta, Pi to guide the stock market! The U6! The economy is flailing cause you all suck Che Guevara's dick! Thank Obama for Trump but not Biden!


I ran a 17,000 person company while yall were still in grandpas nuts.

 

[MTAtech]

But BLS, Copy Pasta, Pi to guide the stock market! The U6! The economy is flailing cause you all suck Che Guevara's dick! Thank Obama for Trump but not Biden!


I ran a 17,000 person company while yall were still in grandpas nuts.

You sound familiar but I can't place the face.

 

[SenorXm/Sirius]

The silence from the 'Conservative(s) since the October report has been deafening...

 

[Metric Mouse]

Keep reading

It was too painful, I had to close my eyes!

 

[CaughtInThe]

It was too painful, I had to close my eyes!

I bet

 

[Checkerboard Strangler]

Democrats:
* $1.2 Tn infrastructure package
* 200 million vaccinations
* 5 million new jobs
* unemployment back down to 4.6%
* wages up avg $2 an hour more
* Dow at all time high

Republicans:
* came up with "Let's Go Brandon!"

 

[Kushinator]

I bet

We can't help the fact that recovery from COVID-19 is a major problem for some folks.

 

[Kushinator]

True, half isn't zero, but there wasn't zero tariffs to being with, when inflation wasn't soaring, and almost 2 years is not immediate.
Economists differ on whether tariffs are the cause. You chose your side, I chose mine. I think blaming tariffs is an easy out for manufactures.

U.S. Manufacturers Blame Tariffs for Swelling Inflation. Some economists differ, saying removing tariffs on metal, lumber won’t mean big drop in prices.​

U.S. Manufacturers Blame Tariffs for Swelling Inflation

Companies stung by import levies are pushing for the Biden administration to lift them, but some economists say removing tariffs on metal and lumber won’t mean a big drop in prices.

www.wsj.com

Inflation is the result of global supply chains being disrupted. The just-in-time inventory system doesn't perform well during a global pandemic.

Are you claiming the federal government can boost aggregate demand in the short run?

 

[holbritter]

Inflation is the result of global supply chains being disrupted. The just-in-time inventory system doesn't perform well during a global pandemic.

Are you claiming the federal government can boost aggregate demand in the short run?

No. I'm claiming that economists differ on whether tariffs are the cause of the current rise in inflation.