Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Still a bigger number than almost any of Trump’s pre-Covid.
https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth

Crazy stats about the true state of labor market you won't hear anywhere else:

1. In the past year, the US has lost 284K full-time jobs, these have been replaced with 921K part-time jobs

2. In February alone, a record 1.2 million foreign-born jobs were added.

3. In the past three months, a record (ex-covid crash) 2.4 million native-born jobs have been lost, including 494K jobs lost in February.

4. Most shocking, since May 2018, there have been ZERO jobs created for native-born Americans. All jobs in the past 6 years have gone to immigrants, legal and illegal.

Psst: do you know how many millions of Boomers retired from the work force? The vast majority of whom are native born?

Of course immigrants are backfilling. Labor Inflation would be thru the roof if they were not here to work

[Anonymous]

Anonymous wrote:Another strong jobs report. The US economy added 275,000 jobs in February as the hiring boom continues. (Hiring was 229k in January and 290k in December.)

Unemployment rate: 3.9% —> It’s been below 4% for two years

Wages: 4.3% in past year (above 3.1% inflation)





(and this is why it will be bad for Joe Biden)

Nope. Not good.

Jobs Up 275,000 with 52,000 More Government Jobs, Employment Down 184,000

https://mishtalk.com/economics/jobs-up-275000-with-52000-more-government-jobs-employment-down-184000/

[Anonymous]

Are price controls coming?

[Anonymous]

Anonymous wrote:Are price controls coming?

Only under an authoritarian Trump regime.

[Anonymous]

Anonymous wrote:Another strong jobs report. The US economy added 275,000 jobs in February as the hiring boom continues. (Hiring was 229k in January and 290k in December.)

Unemployment rate: 3.9% —> It’s been below 4% for two years

Wages: 4.3% in past year (above 3.1% inflation)





(and this is why it will be bad for Joe Biden)

Right on cue

[Anonymous]

Anonymous wrote:

Anonymous wrote:Another strong jobs report. The US economy added 275,000 jobs in February as the hiring boom continues. (Hiring was 229k in January and 290k in December.)

Unemployment rate: 3.9% —> It’s been below 4% for two years

Wages: 4.3% in past year (above 3.1% inflation)

(and this is why it will be bad for Joe Biden)

Right on cue

If I had been asked a few years ago, “does a cabal run the media?” my answer would have been laughter, but the media has since shown that the answer to that question is yes. Even after they were publicly called out by the President, they’re still doing it. Strong economy and they’re still not giving Biden any credit (while they have Trump credit all the time for his strong economy).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Still a bigger number than almost any of Trump’s pre-Covid.
https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth

Crazy stats about the true state of labor market you won't hear anywhere else:

1. In the past year, the US has lost 284K full-time jobs, these have been replaced with 921K part-time jobs

2. In February alone, a record 1.2 million foreign-born jobs were added.

3. In the past three months, a record (ex-covid crash) 2.4 million native-born jobs have been lost, including 494K jobs lost in February.

4. Most shocking, since May 2018, there have been ZERO jobs created for native-born Americans. All jobs in the past 6 years have gone to immigrants, legal and illegal.

Psst: do you know how many millions of Boomers retired from the work force? The vast majority of whom are native born?

Of course immigrants are backfilling. Labor Inflation would be thru the roof if they were not here to work

Not a surprise US productivity is stagnant or declining or low wage sectors. The country is awash in available labor.

[Anonymous]

Both political parties like to attribute the current economic situation to the president regardless of whether the president is actually the cause of these problems. It's really difficult to casually attribute macroeconomic outcomes to specific policies of one administration. I am not defending Biden, but it is equally possible that economic concerns we are experiencing now could be the result of Trump or even Obama. Not to mention congress. The presidents main policy levers to impact the economy are mainly through rulemaking and operations via executive agencies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another strong jobs report. The US economy added 275,000 jobs in February as the hiring boom continues. (Hiring was 229k in January and 290k in December.)

Unemployment rate: 3.9% —> It’s been below 4% for two years

Wages: 4.3% in past year (above 3.1% inflation)

(and this is why it will be bad for Joe Biden)

Right on cue

If I had been asked a few years ago, “does a cabal run the media?” my answer would have been laughter, but the media has since shown that the answer to that question is yes. Even after they were publicly called out by the President, they’re still doing it. Strong economy and they’re still not giving Biden any credit (while they have Trump credit all the time for his strong economy).

It is not strong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another strong jobs report. The US economy added 275,000 jobs in February as the hiring boom continues. (Hiring was 229k in January and 290k in December.)

Unemployment rate: 3.9% —> It’s been below 4% for two years

Wages: 4.3% in past year (above 3.1% inflation)

(and this is why it will be bad for Joe Biden)

Right on cue

If I had been asked a few years ago, “does a cabal run the media?” my answer would have been laughter, but the media has since shown that the answer to that question is yes. Even after they were publicly called out by the President, they’re still doing it. Strong economy and they’re still not giving Biden any credit (while they have Trump credit all the time for his strong economy).

It is not strong.

Trump’s lackey explaining how inflation works does not make the current American economy not strong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another strong jobs report. The US economy added 275,000 jobs in February as the hiring boom continues. (Hiring was 229k in January and 290k in December.)

Unemployment rate: 3.9% —> It’s been below 4% for two years

Wages: 4.3% in past year (above 3.1% inflation)

(and this is why it will be bad for Joe Biden)

Right on cue

If I had been asked a few years ago, “does a cabal run the media?” my answer would have been laughter, but the media has since shown that the answer to that question is yes. Even after they were publicly called out by the President, they’re still doing it. Strong economy and they’re still not giving Biden any credit (while they have Trump credit all the time for his strong economy).

It is not strong.

Because Trump butt-kisser Gary Cohn says so?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Still a bigger number than almost any of Trump’s pre-Covid.
https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth

Crazy stats about the true state of labor market you won't hear anywhere else:

1. In the past year, the US has lost 284K full-time jobs, these have been replaced with 921K part-time jobs

2. In February alone, a record 1.2 million foreign-born jobs were added.

3. In the past three months, a record (ex-covid crash) 2.4 million native-born jobs have been lost, including 494K jobs lost in February.

4. Most shocking, since May 2018, there have been ZERO jobs created for native-born Americans. All jobs in the past 6 years have gone to immigrants, legal and illegal.

Psst: do you know how many millions of Boomers retired from the work force? The vast majority of whom are native born?

Of course immigrants are backfilling. Labor Inflation would be thru the roof if they were not here to work

Not a surprise US productivity is stagnant or declining or low wage sectors. The country is awash in available labor.

If that were the case, wages would not be going up. But they are, ergo...?

[Anonymous]

Anonymous wrote:Both political parties like to attribute the current economic situation to the president regardless of whether the president is actually the cause of these problems. It's really difficult to casually attribute macroeconomic outcomes to specific policies of one administration. I am not defending Biden, but it is equally possible that economic concerns we are experiencing now could be the result of Trump or even Obama. Not to mention congress. The presidents main policy levers to impact the economy are mainly through rulemaking and operations via executive agencies.

We can attribute the lower inflation as compared to the rest of the industrialized world specifically to the bills Biden pushed when he came into office. He learned from the 2008/2009 meltdown how to get the US through a catastrophic economic collapse and clearly it has been successful.

We can also attribute the marked return of manufacturing jobs to these same bills.

In a vacuum, I would agree with you, but those two specific pieces of legislation would not have happened under Trump or a GOP president.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Another strong jobs report. The US economy added 275,000 jobs in February as the hiring boom continues. (Hiring was 229k in January and 290k in December.)

Unemployment rate: 3.9% —> It’s been below 4% for two years

Wages: 4.3% in past year (above 3.1% inflation)

(and this is why it will be bad for Joe Biden)

Right on cue

If I had been asked a few years ago, “does a cabal run the media?” my answer would have been laughter, but the media has since shown that the answer to that question is yes. Even after they were publicly called out by the President, they’re still doing it. Strong economy and they’re still not giving Biden any credit (while they have Trump credit all the time for his strong economy).

It is not strong.

WTF is Cohn saying, that is sooooo wrong. Sheesh, he ran our economy under Trump and knows better.

[Anonymous]

The job reports isn't a good indicator anymore, there should be classifications of jobs, the good jobs are being cut left and right, check out tech its a bloodbath, no wonder people think the government is lying