Biden’s economy

[Anonymous]

Anonymous wrote:That 467k January number was great. But what was most impressive were the revisions December from 199k to 510k and November from 249k to 647k.

Another big story that’s missed is how we thought we were getting void job booms and busts last year but after revisions the numbers were consistently in the 400-700k range with only April being a outlier at 263k. The summer boom was reduced and the winter lulls were increased, the media story is all wrong this was super consistent job growth all year!

This continues, 678k jobs in February! January revised up from 467k to 481k. December revised up from 510k to 588k.

[Anonymous]

When Trump was President, those kinds of news headlines were front and center 24x7 on FOX News.

[Anonymous]

Superb economy. We are prospering in an more equitable way. Thank you Joe Biden & Kamala

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I get that there is inflation worldwide, supply chains are getting better but still backed up, and this war will make things even worse.

But how is anyone complaining about the job market. It’s full steam ahead, jobs and wages are way up. I’m a corporate recruiter and I’m getting people jobs that I thought were unemployable until this last year. If you have any skills at all then wages are way up and opportunities are everywhere. Go get a raise that makes the inflation look small! I really think lots of people are missing out, this is one of those rare times when you can really push your career ahead by looking. Only other time I remember was the late 90s, and this may be better.

What industry are you in? What you observe is far from uniform. While some industries kept up and even flourished, many have stagnated and millions of people lost their jobs and won't be easily trained to jump into the hot fields.

I don't think you get it. Anyone who wants a job right now can get one. It is a buyer's market. Employers are paying bonuses even for retraining periods. The millions of people who lost jobs are all back to work now, with many more opportunities awaiting anyone who wants them. We actually need immigrants to help fill the void.

Not only that, but of the many people who left the employment force in 2020 due to the pandemic, the majority of them are coming back into higher paying jobs. The lower paying jobs are being filled by newer immigrants and many who had long ago left the workforce and are returning to the workforce. Prior to the pandemic, in addition to the unemployment numbers, the number who had left the workforce (essentially being unemployed for longer than UI benefits covered), had been very high.

So significantly more people are employed than have been over the last 30 years and they are making high wages.

If you need a higher income, you need to switch jobs. There are many jobs available and they are paying higher for new hires that they have in the past.

https://www.statista.com/statistics/192356/number-of-full-time-employees-in-the-usa-since-1990/
https://www.statista.com/statistics/185335/median-hourly-earnings-of-wage-and-salary-workers/

[Anonymous]

[Anonymous]

Anonymous wrote:

Nate Silver is surprisingly stupid about public opinion. He should read Walter Lippmann. Public opinion is always manipulated by media and political discourse. There is no Public Opinion separate from media coverage. It is not a revelation that if you ask people if they are concerned about the cost of living many will say yes, but “Cost of living” does not have the same meaning to the public as “inflation”. Anyone living paycheck to paycheck or with significant debt is concerned about the cost of living even if there is no spike in inflation.

[Anonymous]

The bond market is telling us its about to get bad out there

[Anonymous]

Anonymous wrote:The bond market is telling us its about to get bad out there

The yield curve also inverted in 2019, and the only thing that predicted was a robust equities market.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Nate Silver is surprisingly stupid about public opinion. He should read Walter Lippmann. Public opinion is always manipulated by media and political discourse. There is no Public Opinion separate from media coverage. It is not a revelation that if you ask people if they are concerned about the cost of living many will say yes, but “Cost of living” does not have the same meaning to the public as “inflation”. Anyone living paycheck to paycheck or with significant debt is concerned about the cost of living even if there is no spike in inflation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The bond market is telling us its about to get bad out there

The yield curve also inverted in 2019, and the only thing that predicted was a robust equities market.

The pandemic delayed the inevitable

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The bond market is telling us its about to get bad out there

The yield curve also inverted in 2019, and the only thing that predicted was a robust equities market.

The pandemic delayed the inevitable

Truly some trenchant analysis there, bub.

Don't quit your day job.

[Anonymous]

[Anonymous]

Any notice how much the deficit has been reduced in the last year?

[Anonymous]

Anonymous wrote:Any notice how much the deficit has been reduced in the last year?

That was all the talk a year ago. Now that that it’s plummeting, not a peep. The republicans create the deficits and the Dems fix them, just look at the historical numbers objectively. Interesting that there are no news stories about the dramatic drop in the deficit…..

[Anonymous]

Anonymous wrote:Any notice how much the deficit has been reduced in the last year?

Down a little in 2021. And will come down a lot in 2022 with Build Back Better dead. I look forward to divided Government and the coming Biden Austerity.