Then came the new economic data. This morning, the BLS released its monthly jobs report, showing that the economy added just 73,000 new jobs last month—well below the 104,000 that forecasters had expected—and that unemployment rose slightly, to 4.2 percent.
Blackvegetable » 02 Aug 2025, 12:02 pm » wrote: ↑ Then came the new economic data. This morning, the BLS released its monthly jobs report, showing that the economy added just 73,000 new jobs last month—well below the 104,000 that forecasters had expected—and that unemployment rose slightly, to 4.2 percent.
More important, the new report showed that jobs numbers for the previous two months had been revised down considerably after the agency received a more complete set of responses from the businesses it surveys monthly. What had been reported as a strong two-month gain of 291,000 jobs was revised down to a paltry 33,000. What had once looked like a massive jobs boom ended up being a historically weak quarter of growth.
Even that might be too rosy a picture. All the net gains of the past three months came from a single sector, health care, without which the labor market would have lost nearly 100,000 jobs. That’s concerning because health care is one of the few sectors that is mostly insulated from broader economic conditions: People always need it, even during bad times. (The manufacturing sector, which tariffs are supposed to be boosting, has shed jobs for three straight months.) Moreover, the new numbers followed an inflation report released by the Commerce Department yesterday that found that the Federal Reserve’s preferred measure of price growth had picked up in June and remained well above the central bank’s 2 percent target. (The prior month’s inflation report was also revised upward to show a slight increase in May.) Economic growth and consumer spending also turned out to have fallen considerably compared with the first half of 2024. Taken together, these economic reports are consistent with the stagflationary environment that economists were predicting a few months ago: mediocre growth, a weakening labor market, and rising prices.
https://www.theatlantic.com/economy/arc ... ta/683740/
Veghead doesn't do well with numbers. His math skills are sub par. If he can't use his fingers, then he won't know what you are talking about.*Beekeeper » 06 Jun 2025, 2:10 pm » wrote: ↑ Poor Beevee. NOTHING is going his way today!! Not enough FAILURE and not enough HARM TO THE NATION that he demands in massive numbers!!
Sucking her thumb and pissing her diaper is all she has left today!!
Dow Index
42,778.80
Change
+ 459.06 1.08%
S&P 500 Index
6,008.91
Change
+ 69.61 1.17%
NASDAQ Index
19,574.46
Change
+ 276.01 1.43%
Vegas » 02 Aug 2025, 2:20 pm » wrote: ↑ Veghead doesn't do well with numbers. His math skills are sub par. If he can't use his fingers, then he won't know what you are talking about.
Listen to your betters...*Beekeeper » 02 Aug 2025, 2:11 pm » wrote: ↑ So??
Are you so desperate for a "win" that you cheer something a bit less than ideal??
Want to know WHY you LWNJs are at 19% approval?? Keep cheering for America to LOSE and see how much lower you can go!!
Trust me here, this is NOT "bad news", just not the GREAT news that has been happening as of late. What I never will understand is WHY you LWNJs think that GREAT NEWS is so bad for America. Perhaps you can fill us in on your desire for ANYONE to fail??
The stock market is not the real economy infact 90/95 percent of all stock is owned by the wealthy and hedge funds and prices highly manipulated by insiders.*Beekeeper » 06 Jun 2025, 2:10 pm » wrote: ↑ Poor Beevee. NOTHING is going his way today!! Not enough FAILURE and not enough HARM TO THE NATION that he demands in massive numbers!!
Sucking her thumb and pissing her diaper is all she has left today!!
Dow Index
42,778.80
Change
+ 459.06 1.08%
S&P 500 Index
6,008.91
Change
+ 69.61 1.17%
NASDAQ Index
19,574.46
Change
+ 276.01 1.43%
Except your "facts" are not correct.....TwoIfByTea » 02 Aug 2025, 4:09 pm » wrote: ↑ The stock market is not the real economy infact 90/95 percent of all stock is owned by the wealthy and hedge funds and prices highly manipulated by insiders.
Roughly half of all americans own zero stock not even a 401k...notice Trump doesnt talk as much about stocks today as he used too because its meaningless to most average people they got no skin in the game.
Doesnt change the fact 93 percent all equities owned by top 10 percent wealthiest Americans......*Beekeeper » 02 Aug 2025, 6:40 pm » wrote: ↑ Except your "facts" are not correct.....
Approximately 62% of adults in the United States own stocks, according to Gallup News. This includes direct ownership of individual stocks, mutual funds, or investments within retirement accounts like 401(k)s and IRAs. This figure is a recent estimate from April 2025 and has remained consistent with prior years.
Several studies and surveys provide different figures regarding the percentage of Americans with retirement plans. Here's a summary of key findings:
- Overall household ownership (excluding Social Security):
- More than half of U.S. households (54.3%) had retirement account assets in 2022, according to the Congressional Research Service (CRS).
- This includes defined contribution (DC) plans and individual retirement accounts (IRAs).
- Similarly, the Federal Reserve reported in May 2024 that 67% of adults had assets specifically designated for retirement income, with 60% holding tax-preferred retirement accounts (like 401(k)s or IRAs) and 29% having defined benefit pensions.
- Individual participation in retirement savings plans (like 401(k)s or IRAs):
- A recent Gallup poll (April 2025) found that 59% of U.S. adults report having money invested in a retirement savings plan such as a 401(k), 403(b), or IRA.
- This rate varies significantly based on factors like income, education, and age.
- Workplace retirement plan participation:
- In 2023, 56% of civilian workers (full and part-time) participated in a retirement plan offered at work, according to the Bureau of Labor Statistics (BLS).
- Access and participation rates vary based on factors like employer size, industry, and occupation.
TwoIfByTea » 03 Aug 2025, 3:34 am » wrote: ↑ Doesnt change the fact 93 percent all equities owned by top 10 percent wealthiest Americans......
"The richest Americans own the vast majority of the US stock market, according to Fed data.
- The top 10% of Americans held 93% of all stocks, the highest level ever recorded.
The wealthiest Americans have never owned so much of the stock market, with the top 10% now holding a record 93% of US equities, according to Federal Reserve data."
- Meanwhile, the bottom 50% of Americans held just 1% of all stocks in the third quarter of 2023.
https://markets.businessinsider.com/new ... 024-1?op=1
:die:*Beekeeper » 06 Jun 2025, 2:10 pm » wrote: ↑ Poor Beevee. NOTHING is going his way today!! Not enough FAILURE and not enough HARM TO THE NATION that he demands in massive numbers!!
Sucking her thumb and pissing her diaper is all she has left today!!
Dow Index
42,778.80
Change
+ 459.06 1.08%
S&P 500 Index
6,008.91
Change
+ 69.61 1.17%
NASDAQ Index
19,574.46
Change
+ 276.01 1.43%