Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:— Unemployment below 4% for the longest time in generations
— Job growth is continuing
— Wages are rising faster than prices

Selfishly, as someone trying to buy a house right now, the very hot economy is actually frustrating. Not sure when if we'll see rates drop this year. Eyes ahead to the next CPI report due next week which may be the last nail in my coffin.

If the Democrats’ plan to block hedge funds from snapping up homes works, there should at least be some more inventory and you won’t have to compete with corps that can lay down all cash.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:— Unemployment below 4% for the longest time in generations
— Job growth is continuing
— Wages are rising faster than prices

Selfishly, as someone trying to buy a house right now, the very hot economy is actually frustrating. Not sure when if we'll see rates drop this year. Eyes ahead to the next CPI report due next week which may be the last nail in my coffin.

If the Democrats’ plan to block hedge funds from snapping up homes works, there should at least be some more inventory and you won’t have to compete with corps that can lay down all cash.

It won't help where I'm buying, it's actually people who are able to waive contingencies because they have that much money (DC burbs/exurbs where a lot of government workers or even military workers, etc. live). As a non-government worker who doesn't get government perks, it's hard to compete with people who have enough funds in their TSP and will get a pension one day, so have the financial resources to completely waive financing contingency, even when they actually are getting a mortgage in the end.

[Anonymous]

Counting part time employment as full time employment is lying... something the left is famous for...

https://mishtalk.com/economics/jobs-up-303000-full-time-employment-down-6000-in-march/#:~:text=The%20economy%20continues%20to%20add,the%20BLS%2C%20chart%20by%20Mish.

[Anonymous]

Anonymous wrote:Counting part time employment as full time employment is lying... something the left is famous for...

https://mishtalk.com/economics/jobs-up-303000-full-time-employment-down-6000-in-march/#:~:text=The%20economy%20continues%20to%20add,the%20BLS%2C%20chart%20by%20Mish.

Full time workers down 6 million in the last few years, down 5 thousand this past “blow out month” alone. The job “boom” is all part time workers. Its amazing no one in the MSM looks at the actual numbers.

[Anonymous]

Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

[Anonymous]

Anonymous wrote:Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

I don't know where you get your information but "The change in total nonfarm payroll employment for January was revised up by 27,000, from +229,000 to +256,000, and the change for February was revised down by 5,000, from +275,000 to +270,000. With these revisions, employment in January and February combined is 22,000 higher than previously reported." Monthly data can be noisy but it's actually being adjusted upwards. I get that doesn't fit your narrative when it's good economic news under a Democratic administration.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

I don't know where you get your information but "The change in total nonfarm payroll employment for January was revised up by 27,000, from +229,000 to +256,000, and the change for February was revised down by 5,000, from +275,000 to +270,000. With these revisions, employment in January and February combined is 22,000 higher than previously reported." Monthly data can be noisy but it's actually being adjusted upwards. I get that doesn't fit your narrative when it's good economic news under a Democratic administration.

It’s been nearly four years of strong signs and no, they cannot fit this stuff into their worldview.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:— Unemployment below 4% for the longest time in generations
— Job growth is continuing
— Wages are rising faster than prices

Selfishly, as someone trying to buy a house right now, the very hot economy is actually frustrating. Not sure when if we'll see rates drop this year. Eyes ahead to the next CPI report due next week which may be the last nail in my coffin.

If the Democrats’ plan to block hedge funds from snapping up homes works, there should at least be some more inventory and you won’t have to compete with corps that can lay down all cash.

Not quite sure how it will be possible to prevent real estate transactions or private property.

[Anonymous]

Anonymous wrote:Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

They don’t cook the books. I work for BLS. We are not a political agency. We are filled with statisticians, economists, and data scientists that work extremely hard to provide meaningful data. The amount of work that goes into collecting and analyzing large data sets is staggering. All administrations have had adjustments.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

They don’t cook the books. I work for BLS. We are not a political agency. We are filled with statisticians, economists, and data scientists that work extremely hard to provide meaningful data. The amount of work that goes into collecting and analyzing large data sets is staggering. All administrations have had adjustments.

Oh and want to add: businesses offer their information but it isn’t always on time, which is why they issue revisions. Businesses are not compensated for providing employment data so they aren’t always on time.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:Another month, another downward revision of previous reports... Bidenomics is working as they cook the books.

They don’t cook the books. I work for BLS. We are not a political agency. We are filled with statisticians, economists, and data scientists that work extremely hard to provide meaningful data. The amount of work that goes into collecting and analyzing large data sets is staggering. All administrations have had adjustments.

Great. You can make clear to folks that full time jobs are way down while part time jobs have exploded and there has been a massive shift in who is actually getting those part time jobs. You are not political so present the data clearly.

[Anonymous]

Anonymous wrote:Another booming jobs report for March:

303k new jobs in March

Unemployment at 3.8%

Wages up 4.1%

Jan jobs revised up 27k, Feb revised down 5k.

Hold on. 72,000 of those jobs added this month are in health care? How many of those are doctors and nurses? I'll bet less than 10%. The rest are there to make sure the amount of money spent goes up.

"Employment showed little or no change over the month in other major industries, including mining, quarrying, and oil and gas extraction: manufacturing; wholesale trade; transportation and warehousing; information; financial activities; and professional and business services".

The BLS - Employment Situation March 2024

[Anonymous]

More

" In March, employment in government increased by 71,000..."

143,000 of those 303,000 jobs are health care and government!

[Anonymous]

Anonymous wrote:

Anonymous wrote:— Unemployment below 4% for the longest time in generations
— Job growth is continuing
— Wages are rising faster than prices

Selfishly, as someone trying to buy a house right now, the very hot economy is actually frustrating. Not sure when if we'll see rates drop this year. Eyes ahead to the next CPI report due next week which may be the last nail in my coffin.

Buy now and refinance when the rates drop.