It's the Economy Stoopid

[Anonymous]

Enough already!

[Anonymous]

Anonymous wrote:Enough already!

He tried his best to spin it as something positive but you can’t make a silk purse with a sow”s ear.
There is no way he fooled even his most sympathetic reporters in the room. He knew the questions would be brutal and TBH he is not up to the task.

[Anonymous]

[Anonymous]

Anonymous wrote:Huge miss-only 194,000 jobs added in September.

Private payrolls added 317,000, missing the expectation of 450,000. Government workers tumbled by 123,000, led by the loss of 144,000 government education jobs.

As markets are digesting the unexpected results, stocks are in chaos and the dollar and bond yields move lower.

What stocks were in chaos today?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Huge miss-only 194,000 jobs added in September.

Private payrolls added 317,000, missing the expectation of 450,000. Government workers tumbled by 123,000, led by the loss of 144,000 government education jobs.

As markets are digesting the unexpected results, stocks are in chaos and the dollar and bond yields move lower.

What stocks were in chaos today?

At open. Sorted out after.

[Anonymous]

[Anonymous]

LOL at the right wing propaganda. The unemployment rate dropped. Wages increased. Job growth was good in almost all sectors but the September seasonal adjustment made it look worse because the adjustment is based on the prepandemic and pre boomer retirement labor force.

[Anonymous]

Anonymous wrote:

If you really dig into the numbers, you see some of the biggest drops were among women 25-44. In other words, with school starting again and COVID quarantines meaning kids missing significant amounts of school, working mothers are again getting forced out of the labor force due to the lack of reliable child care and paid time off. This jobs report is a strong argument in favor of the Build Back Better plan.

[Anonymous]

Anonymous wrote:LOL at the right wing propaganda. The unemployment rate dropped. Wages increased. Job growth was good in almost all sectors but the September seasonal adjustment made it look worse because the adjustment is based on the prepandemic and pre boomer retirement labor force.

Right wing propaganda? Uh - no.

And, wages increased, but inflation increased more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:LOL at the right wing propaganda. The unemployment rate dropped. Wages increased. Job growth was good in almost all sectors but the September seasonal adjustment made it look worse because the adjustment is based on the prepandemic and pre boomer retirement labor force.

Right wing propaganda? Uh - no.

And, wages increased, but inflation increased more.

Good. After a couple decades of deflation, we need both real wage growth and inflation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL at the right wing propaganda. The unemployment rate dropped. Wages increased. Job growth was good in almost all sectors but the September seasonal adjustment made it look worse because the adjustment is based on the prepandemic and pre boomer retirement labor force.

Right wing propaganda? Uh - no.

And, wages increased, but inflation increased more.

Good. After a couple decades of deflation, we need both real wage growth and inflation.

Uhhh no. If inflation outpaces wage growth then the worker is worse off than before.
DP

[Anonymous]

Anonymous wrote:

Anonymous wrote:

If you really dig into the numbers, you see some of the biggest drops were among women 25-44. In other words, with school starting again and COVID quarantines meaning kids missing significant amounts of school, working mothers are again getting forced out of the labor force due to the lack of reliable child care and paid time off. This jobs report is a strong argument in favor of the Build Back Better plan.

Ummm, fall comes around every year. Why didn't we see those same drops every year? As for quarantines and lock downs, look at local Democrat officials. Way overblown. Why should a kid have to quarantine and miss 10 days of in person learning if s/he tests negative for Covid?

[Anonymous]

People expected the adults to be back in charge. Instead, we have children playing dress up in their parents' clothes while their grandpa watches from his lazyboy.

[Anonymous]

Anonymous wrote:
Anonymous wrote:



If you really dig into the numbers, you see some of the biggest drops were among women 25-44. In other words, with school starting again and COVID quarantines meaning kids missing significant amounts of school, working mothers are again getting forced out of the labor force due to the lack of reliable child care and paid time off. This jobs report is a strong argument in favor of the Build Back Better plan.


Ummm, fall comes around every year. Why didn't we see those same drops every year? As for quarantines and lock downs, look at local Democrat officials. Way overblown. Why should a kid have to quarantine and miss 10 days of in person learning if s/he tests negative for Covid?

Biden has no control over what local school districts do and states do with their rules. Apparently DeSantis can control the locals in Florida though.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

If you really dig into the numbers, you see some of the biggest drops were among women 25-44. In other words, with school starting again and COVID quarantines meaning kids missing significant amounts of school, working mothers are again getting forced out of the labor force due to the lack of reliable child care and paid time off. This jobs report is a strong argument in favor of the Build Back Better plan.

Ummm, fall comes around every year. Why didn't we see those same drops every year? As for quarantines and lock downs, look at local Democrat officials. Way overblown. Why should a kid have to quarantine and miss 10 days of in person learning if s/he tests negative for Covid?

DP. No jobs were lost. The excessive seasonal adjustment will be corrected. The unemployment rate dropped from 5.1 to 4.8. What happened is the labor force is less than pre-pandemic. Some of that is boomers retiring. The rest is a continuing pandemic drag, which shows in the women 25-44.