10 million jobs added under President Biden with full employment expected in 2022.

[gemini104104]

Biden's immense economic challenge: Putting 10 million people back to work

(Reuters) - President Joe Biden pushed for more fiscal support Friday to address one of the greatest challenges created by the COVID-19 pandemic - how to get millions of out-of-work Americans back on the job.

Also those 22 million jobs lost were the fallout of the lawlessly hacked in tRump atrocity that enabled the disastrous effects that COVID-19 had on the national and global economy as the pandemic did not start in 2020 but before President Biden was legitimately elected to inherit the atrocities of the former tRump dilemma.

https://www.reuters.com/article/us-...-10-million-people-back-to-work-idUSKBN2A526P


Yellen: Biden’s plan could restore full employment by 2022
https://www.twincities.com/2021/02/07/yellen-bidens-plan-could-restore-full-employment-by-2022/

The plan of the repuke party of treason is to destroy democracy, humanity and the well being of society as in to hell with it all as far as this enemy from within and tRump corrupt mob of degenerates are concerned. Repukes who continue to live it up, whore it up and treason it up on the taxpayer dime without accountability thus far.

 

[Hawkeye10]

That's what is supposed to happen after a pandemic where people are locked down and businesses are hammered for no reasonable rational reason other than abuse.

Does he want a cookie?

 

[Walt]

10 million jobs added under President Biden with full employment expected in 2022.

We are probably just about there. Full employment usually is not defined as everyone having a job, but rather everyone able to get a job. Some people will briefly be between jobs, and others will not really want jobs. There will also be some people who just cannot do jobs (mentally ill people, and the like). They used to say this structural unemployment was 7%, and it was impossible to go below it. Now we are at 3.5%.

Where structural unemployment falls is subjective, but I think it has to be about 3.5%. There are twice as many unfilled positions as unemployed people. The only way to create [filled] jobs is lure people out of retirement. We are hitting the lowest level of unemployment we can have without rounding up anyone who has not worked in an hour and sending them to work camps. This is full employment.

And full employment is causing inflation. We need to cut it back.

 

[Hawkeye10]

Making Trillions of new dollars should buy something right?

Its insane of course, but....

 

[gemini104104]

We are probably just about there. Full employment usually is not defined as everyone having a job, but rather everyone able to get a job. Some people will briefly be between jobs, and others will not really want jobs. There will also be some people who just cannot do jobs (mentally ill people, and the like). They used to say this structural unemployment was 7%, and it was impossible to go below it. Now we are at 3.5%.

Where structural unemployment falls is subjective, but I think it has to be about 3.5%. There are twice as many unfilled positions as unemployed people. The only way to create [filled] jobs is lure people out of retirement. We are hitting the lowest level of unemployment we can have without rounding up anyone who has not worked in an hour and sending them to work camps. This is full employment.

And full employment is causing inflation. We need to cut it back.

Considering the job markets are in need of qualified employees to meet the demands of society at over 300 million and foreign supply and demands that depend on economic relations with the U.S., should give able bodied seniors who carry a wealth of experience, knowledge and expertise the incentive of joining the job market again, and to live a more productive life for as long as they can as there is no mandatory legal age limit to work in America. This would also be a great way for them to supplement their their retirement income due to the cost of living.

Also the relationship of inflation and unemployment is a rather complicated issue for most to understand although employment and inflation are one of the most closely monitored indicators, and especially taking into consideration labor and supply demand curves. Yet, based on relevant sources, the major causes of inflation generally break down into two categories. This includes demand-pull inflation and cost-push inflation. Yet, in regards to current inflation, the main contributing factors include the increase in the money supply, worker shortages and rising wages, supply chain disruption, as well as fossil fuel policies. source: https://mint.intuit.com/

Also as a reflection on the COVID-19 atrocity that tRump and his repukes created resulted in a major disruption to the supply chain and worker shortages. This is considering people were dying as in the point of death of COVID-19 globally, and who's positions were unable to be fulfilled as needed. This until thanks to President Biden and Team as society became more healthier and recovered considerably from the tRump and repuke, in particular, enabled pandemic atrocity.

 

[Cypress]

That's what is supposed to happen after a pandemic where people are locked down and businesses are hammered for no reasonable rational reason other than abuse.

Does he want a cookie?

21 months ago, your hero Donald Trumpf said if Biden became president he would cause a massive economic depression.

 

[Walt]

Considering the job markets are in need of qualified employees to meet the demands of society at over 300 million and foreign supply and demands that depend on economic relations with the U.S., should give able bodied seniors who carry a wealth of experience, knowledge and expertise the incentive of joining the job market again, and to live a more productive life for as long as they can as there is no mandatory legal age limit to work in America. This would also be a great way for them to supplement their their retirement income due to the cost of living.

Also the relationship of inflation and unemployment is a rather complicated issue for most to understand although employment and inflation are one of the most closely monitored indicators, and especially taking into consideration labor and supply demand curves. Yet, based on relevant sources, the major causes of inflation generally break down into two categories. This includes demand-pull inflation and cost-push inflation. Yet, in regards to current inflation, the main contributing factors include the increase in the money supply, worker shortages and rising wages, supply chain disruption, as well as fossil fuel policies. source: https://mint.intuit.com/

Also as a reflection on the COVID-19 atrocity that tRump and his repukes created resulted in a major disruption to the supply chain and worker shortages. This is considering people were dying as in the point of death of COVID-19 globally, and who's positions were unable to be fulfilled as needed. This until thanks to President Biden and Team as society became more healthier and recovered considerably from the tRump and repuke, in particular, enabled pandemic atrocity.

Too many jobs and not enough workers, that appears to be one of the biggest problems causing inflation. Pay is being driven up by extreme demand for workers, and that means costs go up.

Yes, having retired people, especially early retired people reenter the workforce is a partial solution. The more long term, harder solution is raising the education of the workforce, thereby raising their income along with productivity. Education is the silver bullet to many problems, but it takes decades to get. Biden is working on education and infrastructure, but anything worth doing is not easy.