U.S. economy adds 236,000 jobs in March as labor market stays strong

[Jetboogieman]

My ideology is based upon the US Constitution, personal responsibility, neighbor helping neighbor, incentive and individual wealth creation, state and local gov't rights.

Your ideology isn’t based of any of those things.

Never has been, never will be.

 

[Conservative]

Your ideology isn’t based of any of those things.

Never has been, never will be.

Stop trolling and baiting. You don't know me nor have you ever posted any data supporting that claim.

 

[ElChupacabra]

Hum, 2017 to February 2020? So, Trump gets credit for three years of job gains but we forget about the 10 million job loses in the remainder of his term? You are like the gambler that goes to Vegas and boasts to his wife, 'honey, from 7:00 to 10:00 I won $10,000 at blackjack.' She says, 'wait, you got back here at 12:00, what happened in the other two hours?' 'Oh, I lost $20,000.'

That's one of the Greatest Hits that's always worth a chuckle. Presidents are measured by what happens during their tenure, regardless of how much of the positive or negative is attributable to them or their policies. What's comical in this example is the same rationale is applied only to the former president while not across the board to previous presidents who also faced circumstances beyond their control.

It is still pretty fascinating to see how strong the job market is despite the attempts made to curb it. We've had some pretty big layoffs across tech and media, but that there is growth in other sectors is a good sign. Anecdotally, our small business has been fortunate to see gains month over month as well; especially since we're of the variety that gets impacted when personal discretionary spending is reduced.

 

[MTAtech]

Just like you forgot the pandemic and the economic shutdown by mayors and governors. you really don't have much credibility. 26 million Americans were laid off due to that shutdown, 17 million of them returned by January 2021 most in Red states that reopened. Yours remained in lockdown, a lockdown that Trump had nothing to do with. Are you ever going to admit being wrong and stop blaming Trump for your disastrous state results?

Oh by the way when Biden took office what was the national unemployment rate and your states? Amazing how you ignored the returning jobs and what Biden actually inherited then caused the 2021 inflation rate of over 8% due to gov't spending into a returning job market and recovering economy.

Trump's pandemic response was to deny there was a pandemic until it was too apparent to deny. Thus, the number of cases per capita was worse in the U.S. than most anywhere else and doesn't get a pass because there was a pandemic. States had no choice but to lockdown before vaccines were available in order to save lives -- but I'm sure a prolife conservative like yourself doesn't care about lives after they are born.

As for inflation, it was high worldwide -- therefore, it's impossible to blame Biden policies for inflation here when inflation is everywhere. Let me remind you that Trump's rescue plan called for even more spending than Biden's.
President Joe Biden's plan was $1.9 trillion compare to the $2 trillion stimulus package signed into law by former president Donald Trump.
https://www.newsweek.com/how-joe-biden-stimulus-deal-compares-donald-trump-key-issues-1574301

 

[Jetboogieman]

Stop trolling and baiting. You don't know me nor have you ever posted any data supporting that claim.

You support Trump.

That is the sole data point that supports my assertion.

One cannot be a patriot or loyal to any nation truly and support someone like that.

 

[Conservative]

Trump's pandemic response was to deny there was a pandemic until it was too apparent to deny. Thus, the number of cases per capita was worse in the U.S. than most anywhere else and doesn't get a pass because there was a pandemic. States had no choice but to lockdown before vaccines were available in order to save lives -- but I'm sure a prolife conservative like yourself doesn't care about lives after they are born.

And yet he signed off on the pandemic request, March 2020 as once again you show nothing but partisan liberal rhetoric. Still don't change the reality that the lockdown occurred which you supported to stop the spread of the virus when the reality is you simply wanted the negative results to blame on Trump to promote that perverted liberal ideology. States did the lockdown so why are you blaming Trump for the job losses?

As for inflation, it was high worldwide -- therefore, it's impossible to blame Biden policies for inflation here when inflation is everywhere. Let me remind you that Trump's rescue plan called for even more spending than Biden's.
President Joe Biden's plan was $1.9 trillion compare to the $2 trillion stimulus package signed into law by former president Donald Trump.
https://www.newsweek.com/how-joe-biden-stimulus-deal-compares-donald-trump-key-issues-1574301

there was NO 2 Trillion dollar stimulus plan signed by Trump after the initial one in March 2020, His 2021 stimulus was a proposal out before the January job markets figures were released but don't ever let facts get in the way of your partisan opinions

Further what was the world inflation in 2021? you keep distorting reality for what purpose? When are you going to hold Biden to the same standards as you held Trump, 8% inflation vs 2%,

 

[Conservative]

You support Trump.

I support Trump policies none of which impact you

That is the sole data point that supports my assertion.

One cannot be a patriot or loyal to any nation truly and support someone like that.

You seem to have a problem with supporting policies versus supporting the individual. I chose Trump policies over Hillary and Biden. You had no vote for any policies

 

[SenorXm/Sirius]

You guys are arguing with a Trumpster who blamed Obama for the recession that started in 2007 and the crash that happened in 2008...even though Obama wasn't president until 2009..

It's a waste of time...

 

[Ahlevah]

As you always told me poll numbers don't matter, Trump lost the election with very low economic poll numbers on election day and hopefully history will repeat itself in 2024 with a Biden loss. Rather telling how no one talks about great Biden results such as his war on fossil fuel, green energy, border fiasco, Afghanistan, student loan forgiveness, inflation, crime as apparently none of these issues resonate with you or the radical left

Honestly, if I were the Democrats I’d be worried. The Federal Reserve spent decades using cheap money to reflate the economy following crashes that occurred when various asset bubbles popped. The latest round of stimulus during the Covid pandemic encompassed about $9 trillion between fiscal and monetary authorities. That party is coming to a close, so the hangover from that will be a doozy. No more payroll support. No more helicopter money or free loans. No more debt forgiveness. No more mortgage or rent moratoria.

Thanks to blowing his wad during the pandemic to the tune of $3.9 trillion and Republicans in control of federal purse strings, El Presidente won’t have the flexibility of an orgasmic level of spending this time around. Plus the Fed is on a mission to curb inflation, with a recession the normal result. I imagine liberals like Elizabeth Warren will increase to a shrill calls for the Fed to loosen the monetary spigot again, but they will largely fall on deaf ears.

 

[Conservative]

You guys are arguing with a Trumpster who blamed Obama for the recession that started in 2007 and the crash that happened in 2008...even though Obama wasn't president until 2009..

It's a waste of time...

What does Obama or Trump have to do with this OP? Better get over your TDS and accept the reality of the disaster you helped put into the WH, a totally incompetent career public servant who is a lot more embarrassing than Trump will ever be

 

[Jetboogieman]

I support Trump policies none of which impact you

You seem to have a problem with supporting policies versus supporting the individual. I chose Trump policies over Hillary and Biden. You had no vote for any policies

What has Biden or Hillary ever done to hurt you, your family or the country?

 

[Conservative]

What has Biden or Hillary ever done to hurt you, your family or the country?

Aside for the 8% inflation, open TX borders, rising crime in the cities, war on fossil fuel driving up gasoline prices obviously I am misguided and none of those impact me or my family.

 

[SenorXm/Sirius]

What has Biden or Hillary ever done to hurt you, your family or the country?

They're Democrats...

 

[Conservative]

They're Democrats...

Wrong, so was JFK, LBJ, Hubert Humphrey, Jimmy Carter all Presidential candidates I supported before that party left me.

 

[Jetboogieman]

Aside for the 8% inflation, open TX borders, rising crime in the cities, war on fossil fuel driving up gasoline prices obviously I am misguided and none of those impact me or my family.

Do you need a lesson in civics?

What is it about conservatism that creates this kind of loyalty?

It’s certainly not results.

I have BLS and treasury data on my side.

 

[Ahlevah]

Who are these people and / or entities?

Honestly, this isn’t an area of the market I pay much attention to. In fact, I generally avoid investing in financial firms like banks or private equity investment firms like KKR or Apollo because by the time you figure out there’s a problem it’s too late, as we saw with the rapid implosion of SVB. Suffice it to say I’m not touching any regional banks, like Zions, Key Corp., or First Republic. It’s like walking through a minefield in which there’s a potentially big reward if you can navigate through it, but catastrophe if you don’t.

As is typical in any market cycle, the quality of firms offered in IPOs declines over time. Private equity firms chasing investment returns assume more risk, because the public will invest in anything that’s going up, especially if it’s seen as sexy, like cybersecurity, EVs, crypto, or social media or the internet. Rather than being priced in terms of profits or cash flow, companies that are losing money or have negative cash flow are valued based on metrics like growth in the number of average daily users or their burn rate. I can’t tell you which of these companies will go bust, because I just don’t care. But with capital drying up in Techland it’s probable that many of these companies based on little more than a fluffy idea will go bankrupt in the next downturn when it happens, which I think will be soon. Investors in private equity firms that also have large numbers of losing investments valued at unrealistically high levels on their balance sheets will also be, shall I say, disappointed.

I manage the domestic, large-cap portion of our portfolio, and I invest only in companies that are profitable based on trailing EBIT and have a large return on employed capital. I also prefer that the company pay a dividend of some sort. It doesn’t have to be a large one. In fact, most of those tend to be screened out because they don’t meet the basic criteria on profits and ROE or ROA. A number of exceptions at the moment are in energy, pharma, and retail. But the point is by investing in this manner I usually avoid the minefields. A few examples: Merck, Netflix, Thermo Fisher Scientific, and Visa.

 

[LouC]

Just awful. What a terrible thing to happen to the U.S. /s

U.S. economy adds 236,000 jobs in March as labor market stays strong

The numbers were roughly in line with what economists expected.

www.axios.com

​

The U.S. labor market continues to add jobs at a strong pace: Payrolls rose by 236,000 in March, while the unemployment rate ticked down to 3.5%, the lowest level in over a half-century, the Labor Department said on Friday.​

​

Why it matters: Employers still have plenty of demand for workers, despite aggressive efforts from the Federal Reserve to cool off the economy.​

• The payroll gains are roughly in line with what economists expected.
• The March gains are strong, but there are signs of a gradually cooling hiring trend. According to revisions from the Labor Department, the economy added 472,000 jobs in January and 326,000 payrolls in February.

WAY TO GO BRANDON!

 

[Conservative]

Do you need a lesson in civics?

What is it about conservatism that creates this kind of loyalty?

It’s certainly not results.

I have BLS and treasury data on my side.

Stop the baiting and trolling!! thought you ought to know better

 

[Kushinator]

As is typical in any market cycle, the quality of firms offered in IPOs declines over time. Private equity firms chasing investment returns assume more risk, because the public will invest in anything that’s going up, especially if it’s seen as sexy, like cybersecurity, EVs, crypto, or social media or the internet. Rather than being priced in terms of profits or cash flow, companies that are losing money or have negative cash flow are valued based on metrics like growth in the number of average daily users or their burn rate. I can’t tell you which of these companies will go bust, because I just don’t care. But with capital drying up in Techland it’s probable that many of these companies based on little more than a fluffy idea will go bankrupt in the next downturn when it happens, which I think will be soon. Investors in private equity firms that also have large numbers of losing investments valued at unrealistically high levels on their balance sheets will also be, shall I say, disappointed.

Companies go broke all the time. Think about the large crypto failures that have erased trillions of dollars in valuations. Since November 2021, roughly $1.7 trillion in crypto valuations have literally disappeared. That doesn't take into consideration the bankruptcies, lost / sunk investment from mining, hacking / technology failure, etc....

My question pertained to the idea that companies borrowing at between 0.25% and 0.75% were solely operational due cost of capital. Even in the case of SVB (which had access to the Fed's discount window), what matters is business condition of the firm / industry. A quality company can always obtain additional financing / capital investment regardless of the interest rate environment. Do i believe such entities exist? Absolutely! But they are a small fraction of the overall market.

The point being quality companies do not go broke in any interest rate environment, and shitty companies possess internal problems that arise long before tightening credit conditions.

Tying this in to the original point of the post you quoted. Any operation that exists solely due to low interest rates, low labor cost, low material cost, etc... deserves to fail. There isn't any innovation. Only exploitative rent seeking. These companies' sheer existence subtracts from aggregative productivity. Any disturbance will cause them to fracture, which is why economists also accept the nature of the business cycle, while working to lessen its impact on everyone.

 

[Ahlevah]

The point being quality companies do not go broke in any interest rate environment, and shitty companies possess internal problems that arise long before tightening credit conditions.

Sure, but then for a young company it’s also about getting access to capital in a tightening credit environment at any rate, whether it be from a regional bank or through a private debt or equity funding round. I’m sure the collapse of SVB will chill investor enthusiasm for everybody, even good companies with good ideas deserving a shot.

Tying this in to the original point of the post you quoted. Any operation that exists solely due to low interest rates, low labor cost, low material cost, etc... deserves to fail. There isn't any innovation. Only exploitative rent seeking. These companies' sheer existence subtracts from aggregative productivity. Any disturbance will cause them to fracture, which is why economists also accept the nature of the business cycle, while working to lessen its impact on everyone.

Yes, I agree. I’m a firm believer in markets to separate the wheat from the chaff. The problems come in when governments, with unlimited pocketbooks, decide to support companies and institutions that would otherwise be dissolved. “Zombie” banks are a perfect example. Another would be investments in marginal companies because governments think they serve a valuable societal purpose or goal.

 

[Kushinator]

The problems come in when governments, with unlimited pocketbooks, decide to support companies and institutions that would otherwise be dissolved.

I kinda set you up for this comment. The problems come in when companies lie about their business / financial situation in order to obtain financing.

Blaming everything on government is weak sauce.

 

[Ahlevah]

I kinda set you up for this comment. The problems come in when companies lie about their business / financial situation in order to obtain financing.

Blaming everything on government is weak sauce.

But you were right the first time: let them fail. Let the capital be redeployed to a higher use. A good example is the savings and loan crisis of the 1980s. Instead of propping them up, the government created a corporation to shut them down and sell off their loan portfolios and REO property.

 

[highroller]

Yeah.

So when are you going to start doing that?

Don’t you see? His ideology is America.it’s quite convenient for a debate.

 

[Metric Mouse]

And just like that, the Fed achieved its soft landing. **** yeah. Powell's guidance has been spot on; the man should get a statue.

 

[Kushinator]

A good example is the savings and loan crisis of the 1980s. Instead of propping them up, the government created a corporation to shut them down and sell off their loan portfolios and REO property.

Wait what?

You do know that it was taxpayers that footed the bill at a cost of roughly $132 billion in 1999 dollars. Clearly the intent of these posts is to respond tit-for-tat and hope there is some cliché to save the weird narrative.