Economy adds 353,000 jobs in Jan. much better than expected. America loves Bidenomics

Cypress said:
Eleven of the 13 recessions since World War 2 have been during Republican presidencies.

That's way too much data to be a statistical anomaly.


Even Trump said in 2005 that Democratic presidents tend to be better for the economy on average
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New unemployment claims are up. Period.
 
Concart said:
volsrock is lying. Almost all of those who have entered have done so legally. And of course, his conclusion is so goddamn stupid a five year old could figure out the flaw. There are two job openings for every unemployed person, therefore NO ONE is lacking a job as a result of immigration.

As for the cost of care for those people, volsrock and the Trump cult have said the cost is an acceptable loss because it might hurt Biden in the election. If volsrock and the Trump cult were concerned about the number of asylum seekers, they would support the immigration bill, but they don't. So tough shit.
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Almost all of those who have entered have done so legally.

link that states MOST came in though a legal port of entry and have paperwork






Illegal border crossers total over 10 million since Biden inauguration

https://www.washingtonexaminer.com/...tal-over-10-million-since-biden-inauguration/


Official U.S. Customs and Border Protection data includes 3,201,144 apprehensions in fiscal 2023; 2,766,582 in fiscal 2022; 1,956,519 in fiscal 2021; and 471,954 in the nine months Biden was in office in fiscal 2020.

https://www.cbp.gov/newsroom/stats/nationwide-encounters
 
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Cypress said:
Eleven of the 13 recessions since World War 2 have been during Republican presidencies.

That's way too much data to be a statistical anomaly.


Even Trump said in 2005 that Democratic presidents tend to be better for the economy on average
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Many companies who overhired during the pandemic are now finding it necessary to lay people off. The economy is EASILY absorbing those people who are getting new jobs. If they weren't, we would not be gaining jobs. DUH. I have never, ever seen a collection of more simpleminded people than we have here.
 
Joe Capitalist said:
U.S. economy added 353,000 jobs in January, much better than expected

https://www.cnbc.com/2024/02/02/us-...obs-in-january-much-better-than-expected.html

Nonfarm payrolls expanded by 353,000 for the month, better than the Dow Jones estimate for 185,000. The unemployment rate held at 3.7%, against the estimate for 3.8%.
Average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast.
Job growth was widespread in January, led by professional and business services with 74,000. Other significant contributors included health care (70,000) and retail trade (45,000).

Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth.
Payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department's Bureau of Labor Statistics reported Friday. The unemployment rate held at 3.7%, against the estimate for 3.8%.

MAGA soils diapers
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Yakuda said:
Copy and paste my words.
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Then I'm sure you can demonstrate all the thousands of times your MAGA buddies posted predictions of imminent economic collapse, that you jumped in with posts cautioning them that their predictions were dubious
 
Cypress said:
Then I'm sure you can demonstrate all the thousands of times your MAGA buddies posted predictions of imminent economic collapse, that you jumped in with posts cautioning them that their predictions were dubious
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No no no you made a claim now back it up or admit you were just spewing bullshit.
 
Let's not forget: Trump was the worst jobs President in modern American history.

The employment situation under Biden has been ridiculously good, including wages. With the stock market breaking records, it's actually hilarious when conservatives try to spin the economy as some sort of disaster now.

Even Trump is trying to claim "credit." That's all anyone needs to know about the state of the economy.
 
BartenderElite said:
Let's not forget: Trump was the worst jobs President in modern American history.

The employment situation under Biden has been ridiculously good, including wages. With the stock market breaking records, it's actually hilarious when conservatives try to spin the economy as some sort of disaster now.

Even Trump is trying to claim "credit." That's all anyone needs to know about the state of the economy.
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The Economy has turned the corner and is thriving now. Americans are working and their investment accounts and 401k's are growing.
That means Americans wealth is increasing.

Why do Republiclowns hate it when Americans are doing better?
 
T. A. Gardner said:
The total number of jobs in the US according to the BLS is 164.9 million. 330,000 jobs is less than 0.2% of the total jobs in the US. That is, the change is irrelevant. What it really says is the job market is flat, the labor utilization rate (if you look at that) is at an all-time low, and the U3 is completely meaningless.
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If we keep up the 330k per month, that would be a 2.4% increase in jobs in a year. There is no way that the workforce can increase by 2.4%, especially with the Baby Boomers retiring. The main constraint on the current labor market is a lack of labor. If we had more people looking for jobs, we would be able to fill more jobs.

"Labor utilization" is not a macro economic number. Could you be thinking about labor participation? Labor participation is not at an "all time low." Its overall trend is dropping with an aging America, but before women joined the workforce in large numbers, it was much lower.
 
Yakuda said:
New unemployment claims are up. Period.
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And unemployment stayed steady. That means that while more people became unemployed, also more people became employed to balance it out. Or in other words, the labor market is unfreezing, and developing a healthy churn.
 
T. A. Gardner said:
The total number of jobs in the US according to the BLS is 164.9 million. 330,000 jobs is less than 0.2% of the total jobs in the US. That is, the change is irrelevant. What it really says is the job market is flat, the labor utilization rate (if you look at that) is at an all-time low, and the U3 is completely meaningless.
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Walt said:
If we keep up the 330k per month, that would be a 2.4% increase in jobs in a year. There is no way that the workforce can increase by 2.4%, especially with the Baby Boomers retiring. The main constraint on the current labor market is a lack of labor. If we had more people looking for jobs, we would be able to fill more jobs.

"Labor utilization" is not a macro economic number. Could you be thinking about labor participation? Labor participation is not at an "all time low." Its overall trend is dropping with an aging America, but before women joined the workforce in large numbers, it was much lower.
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I'd add that the labor force participation rate is not at an all time low. Just another lie told by Gardner the Nazi.

https://fred.stlouisfed.org/series/CIVPART

I doubt he can read a chart, but I'm sure you can. He knows absolutely nothing about economics. He would get an F for his ignorant post. Women were the driving force for an increased participation rate during the 70's and 80's. The male rate has been dropping for 70 years.
 
Joe Capitalist said:
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Joe Capitalist said:
U.S. economy added 353,000 jobs in January, much better than expected

https://www.cnbc.com/2024/02/02/us-...obs-in-january-much-better-than-expected.html

Nonfarm payrolls expanded by 353,000 for the month, better than the Dow Jones estimate for 185,000. The unemployment rate held at 3.7%, against the estimate for 3.8%.
Average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast.
Job growth was widespread in January, led by professional and business services with 74,000. Other significant contributors included health care (70,000) and retail trade (45,000).

Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth.
Payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department's Bureau of Labor Statistics reported Friday. The unemployment rate held at 3.7%, against the estimate for 3.8%.

MAGA soils diapers
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Healthcare industry is always short on labor. 'Professionals' is a little generalized.

UPS is about to lay off 15,000, and every industry that allowed people to work at home is about to cull the herd. Starting with those who refuse to return to the office.

Still, the labor numbers are good. I'm guessing some sectors will be decimated, and others will thrive.
 
Taking trillions in new debt a year.....charged to the kids/grandkids/unborn because the Modern Morons are some supremely shit people....will do that.
 
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