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Thread: 528,000 jobs added in July

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    Default 528,000 jobs added in July

    Jobs report: U.S. economy adds 528,000 jobs in July, unemployment rate falls to 3.5%

    The U.S. labor market remained robust in July, even as the Federal Reserve tightened monetary conditions and a growing number of companies scaled back on hiring and announced layoffs.

    https://www.google.com/amp/s/finance...123238307.html

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    U.S. economy adds 528,000 jobs in July, unemployment rate falls to 3.5%
    That doesn't seem like a recession to me .

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    "US job growth strengthens significantly, far outpacing expectations, as economy adds 528,000 jobs"

    https://www.google.com/amp/s/abcnews...%3fid=87923595
    The MAGA contingent has been claiming economic disaster since at least March, if not earlier.

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    It is a strange recession if it is one, some factors are booming.
    4,487

    18 U.S. Code § 2071 - Concealment, removal, or mutilation generally
    44 U.S.C. 2202 - The United States shall reserve and retain complete ownership, possession, and control of Presidential records; and such records shall be administered in accordance with the provisions of this chapter.


    LOCK HIM UP!

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    Quote Originally Posted by Jarod View Post
    It is a strange recession if it is one, some factors are booming.
    I've lived through every recession since the 1970s, and I don't remember one where job growth was booming and unemployment was falling.

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    Quote Originally Posted by Cypress View Post
    Jobs report: U.S. economy adds 528,000 jobs in July, unemployment rate falls to 3.5%

    The U.S. labor market remained robust in July, even as the Federal Reserve tightened monetary conditions and a growing number of companies scaled back on hiring and announced layoffs.

    https://www.google.com/amp/s/finance...123238307.html
    Translated>China virus handout $$$$ ending.

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    Quote Originally Posted by Lionfish View Post
    Translated>China virus handout $$$$ ending.
    Doesn't make sense.

    I last got a 1200 dollar stimulus check from Biden 16 months ago, and I believe enhanced unemployment benefits discontinued at the end of 2021 eight months ago.

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    Quote Originally Posted by Cypress View Post
    I've lived through every recession since the 1970s, and I don't remember one where job growth was booming and unemployment was falling.
    ill take the jobs, but if interest rates get where they need to be to stop inflation (typically at least 1 point over CPInumbers) that will be the tell

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    Quote Originally Posted by anatta View Post
    ill take the jobs, but if interest rates get where they need to be to stop inflation (typically at least 1 point over CPInumbers) that will be the tell
    I don't dismiss that we face some economic risks, presumably that is why the Fed is being aggressive.

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    Hello Cypress,

    Quote Originally Posted by Cypress View Post
    That doesn't seem like a recession to me .
    It's hard to claim a recession when the billionaires and mega corporations are making such high profits.

    Prices have risen, but wages have not kept pace. Capitalists are making a killing. They love it.

    If it is a recession, it is only a recession for those who are struggling to make ends meet.

    The millionaires and billionaires who corruptly control our government, and the way the right thinks, are not worried about it.

    At all.
    Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.

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    Hello Cypress,

    Quote Originally Posted by Cypress View Post
    The MAGA contingent has been claiming economic disaster since at least March, if not earlier.
    They just want anything that makes Biden and Democrats look bad. Even if it is bad for the economy. Their partisanship is more important to them than their patriotism.
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    Quote Originally Posted by PoliTalker View Post
    Hello Cypress,



    They just want anything that makes Biden and Democrats look bad. Even if it is bad for the economy. Their partisanship is more important to them than their patriotism.
    12 years ago, they practically guaranteed me that Obamacare would crash the economy.

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    Quote Originally Posted by Cypress View Post
    Doesn't make sense.

    I last got a 1200 dollar stimulus check from Biden 16 months ago, and I believe enhanced unemployment benefits discontinued at the end of 2021 eight months ago.
    Makes perfect sense. People were paid to stay home.

    Learn from a source I thought I would never quote.

    https://www.cnn.com/2021/09/06/polit...ers/index.html

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    Massive jobs surprise: US economy added 528,000 jobs in July

    Minneapolis (CNN Business)The US economy has now regained all jobs lost during the pandemic, after a blowout July jobs report that showed a gain of 528,000 jobs, according to data released Friday by the Bureau of Labor Statistics.

    https://www.cnn.com/2022/08/04/econo...uly/index.html
    Lock Him Up

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    Several jobs were lost when Chipotle closed a store because workers were conducting a unionization effort.

    Chipotle permanently shutters store that filed to unionize

    "New York (CNN Business)Chipotle permanently closed a restaurant in Augusta, Maine that filed to form a union last month.

    A hearing on whether to proceed with the representation vote was scheduled for Tuesday, according to Jeffrey Young, attorney for Chipotle United, the independent union attempting to organize the Augusta location, but workers learned on Tuesday morning that the store will be shut down for good. The hearing has been postponed indefinitely, Young said.
    Young described the closure as "union busting 101," adding "it's meant to discourage not just the workers here, but ... other Chipotle organizing efforts elsewhere."

    Chipotle workers in Augusta filed an unfair labor charge with the NLRB Tuesday. "
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