Too many jobs
By Bruce
6 Jul 2023 2:33 pm in No Holds Barred Political Forum
6 Jul 2023 2:33 pm
Stocks tumbled on Thursday after fresh data signaled that the labor market remains piping hot, heightening concerns that the Federal Reserve will raise interest rates for longer than expected.
The Dow dropped 372 points, or 1.1%, by mid-afternoon Thursday, after falling nearly 500 points earlier in the trading session. The S&P 500 fell 0.8% and the Nasdaq Composite slid 0.9%
US private sector businesses added an estimated 497,000 jobs, according to payroll processor ADP's latest National Employment Report released Thursday. That's significantly higher than the 220,000 jobs economists predicted, according to Refinitiv.
——
How will Fox News spin this?
The Dow dropped 372 points, or 1.1%, by mid-afternoon Thursday, after falling nearly 500 points earlier in the trading session. The S&P 500 fell 0.8% and the Nasdaq Composite slid 0.9%
US private sector businesses added an estimated 497,000 jobs, according to payroll processor ADP's latest National Employment Report released Thursday. That's significantly higher than the 220,000 jobs economists predicted, according to Refinitiv.
——
How will Fox News spin this?
6 Jul 2023 2:52 pm
Who cares how fox spins it? The relevant facts are that those who already have a job are making less all the time due to inflation and their 401k and other savings/investments are not doing well. Apparently the "experts" think it's likely that we have a recession breathing down our neck. The economy is pretty well **** up.
6 Jul 2023 2:59 pm
A half a million Americans are happymichaelf » 06 Jul 2023, 2:52 pm » wrote: ↑ Who cares how fox spins it? The relevant facts are that those who already have a job are making less all the time due to inflation and their 401k and other savings/investments are not doing well. Apparently the "experts" think it's likely that we have a recession breathing down our neck. The economy is pretty well **** up.
They have a new job.
And the people that hired them aren’t running a charity.
They hired them to make more money.
And if this happiness continues Joe Biden will be re-elected and Fox News will call the election about 8 pm Eastern Time.
This is a disaster for Republicans.
They can only pray for pain.
6 Jul 2023 3:01 pm
Since the unemployment rate is stay basically unchanged for the last 13-14 months, either people who were on the government role are being forced to get a job (could be a good thing) or more and more people are having to get second (or third) jobs to make ends meet because of the screwed up economy (a bad thing).Bruce » 06 Jul 2023, 2:33 pm » wrote: ↑ Stocks tumbled on Thursday after fresh data signaled that the labor market remains piping hot, heightening concerns that the Federal Reserve will raise interest rates for longer than expected.
The Dow dropped 372 points, or 1.1%, by mid-afternoon Thursday, after falling nearly 500 points earlier in the trading session. The S&P 500 fell 0.8% and the Nasdaq Composite slid 0.9%
US private sector businesses added an estimated 497,000 jobs, according to payroll processor ADP's latest National Employment Report released Thursday. That's significantly higher than the 220,000 jobs economists predicted, according to Refinitiv.
——
How will Fox News spin this?
6 Jul 2023 3:03 pm
You don't know if they are happy or not...that's an assumption that fits your liberal spin. Also, that "new job" may be a second job, meaning that are less happy than before because the must spend more time away from family.Bruce » 06 Jul 2023, 2:59 pm » wrote: ↑ A half a million Americans are happy
They have a new job.
And the people that hired them aren’t running a charity.
They hired them to make more money.
And if this happiness continues Joe Biden will be re-elected and Fox News will call the election about 8 pm Eastern Time.
This is a disaster for Republicans.
They can only pray for pain.
6 Jul 2023 3:09 pm
2 More interest rate hikes.Bruce » 06 Jul 2023, 2:33 pm » wrote: ↑ Stocks tumbled on Thursday after fresh data signaled that the labor market remains piping hot, heightening concerns that the Federal Reserve will raise interest rates for longer than expected.
The Dow dropped 372 points, or 1.1%, by mid-afternoon Thursday, after falling nearly 500 points earlier in the trading session. The S&P 500 fell 0.8% and the Nasdaq Composite slid 0.9%
US private sector businesses added an estimated 497,000 jobs, according to payroll processor ADP's latest National Employment Report released Thursday. That's significantly higher than the 220,000 jobs economists predicted, according to Refinitiv.
——
How will Fox News spin this?
6 Jul 2023 3:13 pm
Bruce » 06 Jul 2023, 2:59 pm » wrote: ↑ A half a million Americans are happy
They have a new job.
And the people that hired them aren’t running a charity.
They hired them to make more money.
And if this happiness continues Joe Biden will be re-elected and Fox News will call the election about 8 pm Eastern Time.
This is a disaster for Republicans.
They can only pray for pain.
You seem to think most voters are stupid enough to think Biden created those jobs.
Jobs and businesses were lost under the dems Plandemic Lockdowns. Now the private sector is getting back what the dems took from them.
Hey Bruce...are you related to Xavier?
6 Jul 2023 3:17 pm
Bruce » 06 Jul 2023, 2:59 pm » wrote: ↑ A half a million Americans are happy
They have a new job.
And the people that hired them aren’t running a charity.
They hired them to make more money.
And if this happiness continues Joe Biden will be re-elected and Fox News will call the election about 8 pm Eastern Time.
This is a disaster for Republicans.
They can only pray for pain.
I'm not really sure what you're going on about. I don't know what to think about jobs numbers especially since the pandemic. What are these new jobs and are they really new? The economy is a mess. I don't know how you can spin it any other way. A few new burger flipper or hotel maid jobs doesn't do much to change that.
Inflations robs us of our pay and when the market does poorly it robs even we peasants of our savings.
6 Jul 2023 3:22 pm
roadkill » 06 Jul 2023, 3:13 pm » wrote: ↑ You seem to think most voters are stupid enough to think Biden created those jobs.
Jobs and businesses were lost under the dems Plandemic Lockdowns. Now the private sector is getting back what the dems took from them.
Hey Bruce...are you related to Xavier?
But they still get to call them "new jobs" and when somebody just gives up and stops trying "unemployment" goes down.
6 Jul 2023 3:27 pm
If these trends continue from now to the fall of 2024, Joe Biden could admit to a blow job from an intern and get re-elected.
Ask Bob Dole.
Ask Bob Dole.
6 Jul 2023 3:37 pm
Bruce » 06 Jul 2023, 3:27 pm » wrote: ↑ If these trends continue from now to the fall of 2024, Joe Biden could admit to a blow job from an intern and get re-elected.
Ask Bob Dole.
I don't see how or why. We working stiffs are suffering under his policies in this economy. Checked your 401k today? I checked mine...it makes me want to vote for somebody else. Boy, that's putting it mildly.
6 Jul 2023 3:44 pm
If Trump had won, it’s likely the same recovery would have occurred under Trump.roadkill » 06 Jul 2023, 3:13 pm » wrote: ↑ You seem to think most voters are stupid enough to think Biden created those jobs.
Jobs and businesses were lost under the dems Plandemic Lockdowns. Now the private sector is getting back what the dems took from them.
Hey Bruce...are you related to Xavier?
But Uncle Joe is at the helm!
Five hundred thousand jobs one month, three hundred thousand the next, four hundred thousand the month after/—
It all adds up.
Biden today has the same approval ratings Ronald Reagan had in July 1983.
What happened to Reagan in 1984?
6 Jul 2023 3:45 pm
Wave your magic wand, tinkerbell.razoo » 06 Jul 2023, 3:39 pm » wrote: ↑ Some folks may have new jobs but happy about it ......how do we know that? If they are being paid less than $35 per hour that is reason enough to be unhappy.
Let's cut the cost of living by 50% ...............
6 Jul 2023 3:56 pm
razoo » 06 Jul 2023, 3:45 pm » wrote: ↑ Trump admin were advised of upcoming pandemic in 2017 they did nothing except:
Trump Admits Playing Down Coronavirus's Severity ... - NPRhttps://www.npr.org › 2020/09/09 › trump-admitted-to-pl...Sep 9, 2020 — President Trump says he didn't want to create panic when pressed on revelations about what he knew early on about the threat of the pandemic ...
Trump admitted he deliberately played down coronavirus threathttps://abcnews.go.com › Politics › storySep 9, 2020 — "I wanted to always play it down," President Donald Trump told journalist Bob Woodward in an interview in March, regarding the novel ...
Trump told Bob Woodward he knew in February that COVID ...https://www.nbcnews.com › politics › donald-trump › t...Sep 9, 2020 — In an interview with journalist Bob Woodward, Trump warned the coronavirus was deadlier than the flu while continuing to compare them to the ...
Which is how the lockdown developed ........... Trump and GOP own this massive screw up .....no matter how
you right wing thinkers spin it. The lock down is on Trump and the GOP.
NPR, ABC, NBC?
6 Jul 2023 3:57 pm
Bruce » 06 Jul 2023, 3:44 pm » wrote: ↑ If Trump had won, it’s likely the same recovery would have occurred under Trump.
But Uncle Joe is at the helm!
Five hundred thousand jobs one month, three hundred thousand the next, four hundred thousand the month after/—
It all adds up.
Biden today has the same approval ratings Ronald Reagan had in July 1983.
What happened to Reagan in 1984?
Bruce...stop dropping LSD.
6 Jul 2023 3:58 pm
michaelf » 06 Jul 2023, 3:22 pm » wrote: ↑ But they still get to call them "new jobs" and when somebody just gives up and stops trying "unemployment" goes down.
Bruce left that part out.
6 Jul 2023 4:11 pm
During the Reagan era, the Democrats desperately tried to cherry pick the economic numbers for bad news.
My favorite was, the Dems would say that inner city black youth unemployment was rising!
Meanwhile Reagan just steamrolled the Democrats in 1984.
The Republicans this time around have to just sit there and watch a booming Biden economy. It must hurt. They can always talk about Hunter’s laptop and trannies, and try to investigate the FBI and the Justice Department.
But unless there’s a recession they are screwed.
As employment goes up, so do corporate profits and growth, and the budget deficit falls from higher revenue and lower poverty spending. It’s a virtuous cycle that lifts all boats.
Until the next recession, which will fall from a clear blue sky. They always have.
But they never last long.
6 Jul 2023 4:26 pm
Instead of playing ASSHOLE, why don't you READ what they have said and said VERY ACCURATELY!!Bruce » 06 Jul 2023, 2:33 pm » wrote: ↑ Stocks tumbled on Thursday after fresh data signaled that the labor market remains piping hot, heightening concerns that the Federal Reserve will raise interest rates for longer than expected.
The Dow dropped 372 points, or 1.1%, by mid-afternoon Thursday, after falling nearly 500 points earlier in the trading session. The S&P 500 fell 0.8% and the Nasdaq Composite slid 0.9%
US private sector businesses added an estimated 497,000 jobs, according to payroll processor ADP's latest National Employment Report released Thursday. That's significantly higher than the 220,000 jobs economists predicted, according to Refinitiv.
——
How will Fox News spin this?
https://www.foxbusiness.com/economy/jun ... bor-market
There is ZERO spin, but 100% FACTUAL INFORMATION, unlike what YOUR LSDNBC, CNNaganda, and any of the MSM NAZIS have to say to keep you LEMMING ASSHOLES in line spewing forth the "Gospel according to Joe Biden".
Liberals are spoiled children, miserable, unsatisfied, demanding, ill-disciplined, despotic & useless. Liberalism is a philosophy of sniveling brats ~O'Rourke
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
6 Jul 2023 4:46 pm
Americans are working 3 and 4 jobs to keep up with inflation thanks plugsBruce » 06 Jul 2023, 2:33 pm » wrote: ↑ Stocks tumbled on Thursday after fresh data signaled that the labor market remains piping hot, heightening concerns that the Federal Reserve will raise interest rates for longer than expected.
The Dow dropped 372 points, or 1.1%, by mid-afternoon Thursday, after falling nearly 500 points earlier in the trading session. The S&P 500 fell 0.8% and the Nasdaq Composite slid 0.9%
US private sector businesses added an estimated 497,000 jobs, according to payroll processor ADP's latest National Employment Report released Thursday. That's significantly higher than the 220,000 jobs economists predicted, according to Refinitiv.
——
How will Fox News spin this?
cortez thinks this
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