236k jobs added, unemployment drops to 3.5%

Cypress said:
March jobs report

The U.S. economy added 236,000 jobs in March while the unemployment rate fell to 3.5%, data from the Bureau of Labor Statistics released Friday showed.

https://www.yahoo.com/finance/news/march-jobs-report-april-7-2023-123139159.html
Click to expand...

Inflation is down. There are huge numbers of jobs out there to be filled. Almost everyone who wants a job can find one. The main thing holding down wages is people wanting easier jobs for their own personal reasons.

A lot of things are good. Not everything, but a lot of things. And still the alt right claims this is worse than the Great Depression.
 
Walt said:
Inflation is down. There are huge numbers of jobs out there to be filled. Almost everyone who wants a job can find one. The main thing holding down wages is people wanting easier jobs for their own personal reasons.

A lot of things are good. Not everything, but a lot of things. And still the alt right claims this is worse than the Great Depression.
Click to expand...

30 months ago, Donald Trumpf and his MAGA cult practically guaranteed an unprecedented economic depression of apocalyptic proportions if Americans dared to elect Joe Biden.
 
Walt said:
Inflation is down. There are huge numbers of jobs out there to be filled. Almost everyone who wants a job can find one. The main thing holding down wages is people wanting easier jobs for their own personal reasons.

A lot of things are good. Not everything, but a lot of things. And still the alt right claims this is worse than the Great Depression.
Click to expand...

Why do you think the alt-left is still complaining about rate hikes? It's brought down inflation and hasn't stopped the job market. Does the alt-left view a 70's version where we roll back inflation some but don't do enough to eliminate it as an acceptable trade off for not doing harm to the labor market?
 
cawacko said:
Why do you think the alt-left is still complaining about rate hikes? It's brought down inflation and hasn't stopped the job market. Does the alt-left view a 70's version where we roll back inflation some but don't do enough to eliminate it as an acceptable trade off for not doing harm to the labor market?
Click to expand...

I think some rate hikes were okay, but at this point, we are overdosing on the cure. This is simply not 'normal' inflation. It's driven by different factors than previous inflationary periods. We've reached the point of diminishing returns with the rate hikes. Hopefully the Fed will stop at least for the remainder of the year.

Alt-left? Um, not quite.
 
Concart said:
And they are predicting a great depression that will last for decades. The lack of any understanding of economics on this site and generally among the ALT-RIGHT is shocking.
Click to expand...

I was lectured by Rightwingers that Bill Clinton and Barack Obama were going to crash the economy.
 
If you read the comments on here, you would think we had double-digit unemployment and that this was the worst economy in modern times.
 
Concart said:
I think some rate hikes were okay, but at this point, we are overdosing on the cure. This is simply not 'normal' inflation. It's driven by different factors than previous inflationary periods. We've reached the point of diminishing returns with the rate hikes. Hopefully the Fed will stop at least for the remainder of the year.

Alt-left? Um, not quite.
Click to expand...

Powell very much sees the legacy Burns left and knows he does not want the same for himself. (and they did this to themselves with their transitory rhetoric and delaying to raise rates but that's an old discussion at this point) There are of course trade offs with the higher rates and people losing jobs isn't a good thing but as we saw in the 70's delaying the pain only involves more pain later which turned out to be the '81-'82 recession.

I don't think he's turning back (or pausing) at this point. (The effects of the SVB and FRB meltdown didn't show themselves in the March job numbers so we'll see what they say in the next couple of months, which could have an affect on what Powell does but I'm not betting on it.)
 
BartenderElite said:
If you read the comments on here, you would think we had double-digit unemployment and that this was the worst economy in modern times.
Click to expand...

You talking about this thread? Who is saying that?

Simply posting job numbers and an unemployment rate only tells a portion of the story. Say we get 500K jobs in a month. On paper that might look good but what if the expectation was 1 million new jobs? Then all of a sudden that 500K doesn't look so good. What if the expectation was 100K? Then that 500K looks great.

Just posting numbers without any context tells a very incomplete story.
 
cawacko said:
You talking about this thread? Who is saying that?

Simply posting job numbers and an unemployment rate only tells a portion of the story. Say we get 500K jobs in a month. On paper that might look good but what if the expectation was 1 million new jobs? Then all of a sudden that 500K doesn't look so good. What if the expectation was 100K? Then that 500K looks great.

Just posting numbers without any context tells a very incomplete story.
Click to expand...

I'm talking about JPP. Biden has supposedly been a disaster for the economy & America, but all we've done is add jobs since he was elected, and the unemployment rate speaks for itself.

Now, I'm sure someone will swoop in and try to claim that I'm saying the economy is amazing. I am not, and it is not. But good news is good news.
 
BartenderElite said:
I'm talking about JPP. Biden has supposedly been a disaster for the economy & America, but all we've done is add jobs since he was elected, and the unemployment rate speaks for itself.

Now, I'm sure someone will swoop in and try to claim that I'm saying the economy is amazing. I am not, and it is not. But good news is good news.
Click to expand...

Ok, positive job growth is better than negative job growth. I don't think too many people will argue there. I'm not sure what to say if people can't see past a number to have a discussion on what that means going forward. Is it ascending? Is it descending? What will it cause the Fed to do? One can have these discussions and not be an economist.
 
cawacko said:
Powell very much sees the legacy Burns left and knows he does not want the same for himself. (and they did this to themselves with their transitory rhetoric and delaying to raise rates but that's an old discussion at this point) There are of course trade offs with the higher rates and people losing jobs isn't a good thing but as we saw in the 70's delaying the pain only involves more pain later which turned out to be the '81-'82 recession.

I don't think he's turning back (or pausing) at this point. (The effects of the SVB and FRB meltdown didn't show themselves in the March job numbers so we'll see what they say in the next couple of months, which could have an affect on what Powell does but I'm not betting on it.)
Click to expand...

He may not back off, but I believe he should. Job growth is slowing, inflation is coming down. I don't really see the point. It's the definition of insanity. Doing the same thing over and over and expecting a different result. We are rapidly approaching the point where wage growth matches inflation. There is now a real danger that we vastly overshoot that, and we have a wage/price spiral.
 
cawacko said:
Why do you think the alt-left is still complaining about rate hikes? It's brought down inflation and hasn't stopped the job market. Does the alt-left view a 70's version where we roll back inflation some but don't do enough to eliminate it as an acceptable trade off for not doing harm to the labor market?
Click to expand...

Are you insane?


It’s the right that has fucked the economy over and over in mine and your lifetime wack


Face for once in your life that you made a HUGE mistake in life by choosing to back the failed tepublican party and their march to stupidity to save the oil companies


It’s over


Your shits got outed clearly for the losers they are

The have produced nothing but pain and failure


Your kids are going to hate you for supporting Republican failure all your life
 
Concart said:
He may not back off, but I believe he should. Job growth is slowing, inflation is coming down. I don't really see the point. It's the definition of insanity. Doing the same thing over and over and expecting a different result. We are rapidly approaching the point where wage growth matches inflation. There is now a real danger that we vastly overshoot that, and we have a wage/price spiral.
Click to expand...

That's the definite risk, that they overshoot. More recently you heard some chatter that they were going to nail the soft landing. That remains to be seen of course. I'm not some expert on the Fed and monetary policies but I'm definitely more hawkish so I'm personally ok with the continued raising of rates (not unlimited of course) to remove inflation. Personally I work in CRE and our industry is in a recession right now as we feast on low rates, so professionally it's not really helping me.
 
Concart said:
I think some rate hikes were okay, but at this point, we are overdosing on the cure. This is simply not 'normal' inflation. It's driven by different factors than previous inflationary periods. We've reached the point of diminishing returns with the rate hikes. Hopefully the Fed will stop at least for the remainder of the year.

Alt-left? Um, not quite.
Click to expand...



The folks directing this fix have gotten it correct so far


If they think another rate hike is needed


Im going to trust them
 
Cypress said:
I was lectured by Rightwingers that Bill Clinton and Barack Obama were going to crash the economy.
Click to expand...

Hmmm, must be why the Dems have won the popular vote in seven out of the last eight presidential elections.

Nobody likes the Republiclowns anymore.
Why?
Because they are Republiclowns!
 
cawacko said:
That's the definite risk, that they overshoot. More recently you heard some chatter that they were going to nail the soft landing. That remains to be seen of course. I'm not some expert on the Fed and monetary policies but I'm definitely more hawkish so I'm personally ok with the continued raising of rates (not unlimited of course) to remove inflation. Personally I work in CRE and our industry is in a recession right now as we feast on low rates, so professionally it's not really helping me.
Click to expand...



You hated on them for their actions the whole way wack


You didn’t think the 2008 crash was coming


You got that one completely wrong huh


You have never been correct wack


So your comments don’t hold much weight in reality



We have been proven correct over and over


And you NEVER bow to that fact


You deserve no respect


You give none


You cling to the party’s ideas that has always been wrong and lying about being wrong
 
You must log in or register to reply here.
Back
Top