Yet another strong jobs report.

"...So, the economy is front and center. And Biden's approval on the economy is, well, dismal.
Just 1 in 3 Americans (34%) approved of how Biden was handling the economy in the Quinnipiac poll, with 58% disapproving. (That same poll had Biden roughly even -- 44% approve, 45% disapprove -- in terms of how he is handling the conflict in Ukraine.)
The math is simple then. Americans care far more about inflationary costs in their own lives than they do about Russia's invasion of Ukraine. And on that issue, they don't think Biden is doing a very good job..."
https://www.cnn.com/2022/03/31/politics/biden-polling-inflation-russia-ukraine/index.html


Americans aren't buying the horse mierda from the far left Democrat Socialists.
 
Hello Cypress,

Cypress said:
For sure, Trump's fawning fan boys nodded their heads vigorously in agreement when Trump screamed the economy and country would collapse if Biden were elected, but now they want to claim they always expected an economic jobs boom during a Biden administration.
Click to expand...

Trump was wrong. Wrong, wrong, wrong. The election certification went through and not only do we still have a country, the jobs market is BOOMING!

Anybody getting a new job or a raise these days who still supports Trump (or Trump Republicans) thinks gold may be spun from straw.
 
"...Unfortunately, inflation-adjusted wages are falling faster than they have in 40 years. Inflation ran 8.5% in the year ending last month, while nominal wages grew only 5.6%, a decline in inflation-adjusted wages of 2.7%. This presents a serious challenge to the “hot economy” thesis that tighter labor markets lead to rising real wages. This idea has never been as popular among academic economists as it is among Washington policy makers. A hot economy is surely better than a cold one, but the costs of an overheating economy might be larger than policy makers have appreciated...
https://www.wsj.com/articles/even-i...oyment-job-growth-federal-reserve-11649779113
 
Mina said:
The economy just added another 390,000 jobs in May -- extending a mind-blowing streak of huge jobs gains every month since January 2021 (we lost jobs in December 2020). During that time, the worst month had 263,000 jobs created, which is still above average. Overall, for all the full months with Biden in office, we've added a total of 8.665 million jobs.

So, when was the last time we added that many jobs over a period of that length? It's a trick question. It never happened. Before Biden took office, the most jobs added in a period of this length was 6.082 million, back at the start of WWII. So, we just blew the old record out of the water by over 42%!

Even in proportional terms, it's extraordinary growth -- the best in almost 40 years.... and all the more amazing because it was achieved in a setting of falling deficits and rising interest rates. The other times in history when payrolls expanded this much proportionally were periods of massive fiscal and monetary stimulus, not fiscal and monetary drag.

Other good news includes the fact the labor force participation rate edged up... in effect the unemployment rate held steady because even as jobless people were being hired, "discouraged workers" (people who weren't even looking for a job before, meaning they didn't count as unemployed) were returning to the market. This also led to the employment-population ratio edging up a bit.

We're still not quite back to where we were at the end of 2019, but we're very close. Back then, we had 151.789 million jobs, and now it's 151.682 million. If we keep on the present pace, we'll beat that 2019 number next month, and set a new all-time high sometime this summer. The Fed is trying to cool the economy, so it's far from certain that'll happen, but for now workers have it good, with the ability to demand raises, benefits, and decent treatment from their bosses.
Click to expand...

Mina. I like you, but I feel you put too much effort into your verbose OP's. All you need to say is:

SUCK IT, REPUBLICANS!!!

and also, remind them about how their savior, Durham failed. They need to hear that, again and again, and again!
 
LurchAddams

Verified User
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PoliTalker said:
Hello Mina,



If it was Trump he would be crowing like a banshee and breaking his arm patting himself on the back.

And Republicans would be eating it up like berries off the vine.

Democrats are more realistic. They better understand that while the president has some influence over this there are vast circumstances beyond his control.

Trump would claim credit and his followers would laud him with it but Biden just quietly does the right thing and leads us with maturity and dedication to public service.

I support the good guy, the realistic guy.
Click to expand...

No, man. Republicans are complete idiots and hate this good economic news. They really think Biden made the jobs happen. Don't ruin it!

SUCK IT, REPUBLICAN BITCHES!!!
 
LurchAddams

Verified User
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gfm7175 said:
When's the last time that Demonkkkrats across the country shut down economic production (leading to massive job losses) in the name of a disease with symptoms akin to a mild flu virus??

A portion of the jobs that were lost, and have since been returning, is not "job creation", dude... You need to learn how to think instead of completely ignoring extremely relevant information in the name of "Demonkkkrats good!!"


Edit: If you'd be paying attention, you'd see that small businesses (defined as businesses with 1-49 employees) have still been LOSING jobs... They are generally having a really rough time under the Brandon Admin economic and energy policies...
Click to expand...

Covid shut down the economy, and when we the last time a “mild flu virus” killed over a million Americans within two years

And it is always comical how wingers suddenly stress new variables to measure the economy, when Obama was adding jobs coming out of the Recession it was “labor participation,” now it appears “small business” employees is the major indicator, kids not wanting minimum wage jobs at Wendy’s is suddenly the defining variable, as I noted, comical
 
Hello Lurch,

LurchAddams said:
No, man. Republicans are complete idiots and hate this good economic news. They really think Biden made the jobs happen. Don't ruin it!

SUCK IT, REPUBLICAN BITCHES!!!
Click to expand...

Republicans do everything they can to screw up the country when a Democrat is in office. Republicans serve party first, country second.

That should be the Republican slogan.

"America Second"
 
PoliTalker said:
Hello Lurch,



Republicans do everything they can to screw up the country when a Democrat is in office. Republicans serve party first, country second.

That should be the Republican slogan.

"America Second"
Click to expand...

Yep. Their behavior during Obama's ACA push is proof of that. Republicans are obstructionists against everything except tax cuts, and hope they can keep their opposition from voting, because they know they are bereft of ideas.
 
Cypress said:
The laws of probability are well established, and a consistent difference in job creation over three decades plus and over six presidential administrations cannot be swept under the rug as a fluke.
Click to expand...

Yep. And it's even more than that. As I recall, every modern Republican president has led an era with higher average unemployment rates than what he inherited from his predecessor.... eight straight Republican presidents. You'd need to go back before any of us were born, with Calvin Coolidge, to find an exception. If I flipped a coin eight times and got tails all eight times, I'd assume there was something wrong with the coin.
 
PoliTalker said:
Hello Lurch,



Republicans do everything they can to screw up the country when a Democrat is in office. Republicans serve party first, country second.

That should be the Republican slogan.

"America Second"
Click to expand...

The far left Democrat Socialists always put their illegals (non-citizens) ahead of American citizens.
 
LurchAddams said:
Mina. I like you, but I feel you put too much effort into your verbose OP's.
Click to expand...

I try to say it succinctly, but there were a lot of individual points I wanted to cover there: the extraordinary length of the streak, the record raw job count, the not-seen-in-decades proportional expansion, how we're overcoming fiscal and monetary drag, rising participation, and how close we are to record-high total employment.
 
Mina said:
I try to say it succinctly, but there were a lot of individual points I wanted to cover there: the extraordinary length of the streak, the record raw job count, the not-seen-in-decades proportional expansion, how we're overcoming fiscal and monetary drag, rising participation, and how close we are to record-high total employment.
Click to expand...

Mina. Taste these words: "Suck it, Republicans!". Let those words wash over you.. MMMMMMMMMMMMMMMMMmmmmmmmmmmmmmmmmmmmmmm :)
 
archives said:
Covid shut down the economy,
Click to expand...
No, Demonkkkrat politicians did. A virus cannot shut down an economy.

archives said:
and when we the last time a “mild flu virus” killed over a million Americans within two years
Click to expand...
Made up number that is attributing deaths to COVID that were not caused by COVID.

archives said:
And it is always comical how wingers suddenly stress new variables to measure the economy, when Obama was adding jobs coming out of the Recession it was “labor participation,” now it appears “small business” employees is the major indicator, kids not wanting minimum wage jobs at Wendy’s is suddenly the defining variable, as I noted, comical
Click to expand...
I said nothing of the sort. Pay attention to what I say.
 
Mina said:
Right wingers imagine if they lie consistently enough, what they've said will become the truth. COVID isn't in any meaningful sense similar to a mild flu. The worst flu season of the modern era killed 61,000 Americans. The mildest killed 12,000. COVID has killed about half a million per year. So, we're talking about something eight times as bad as the flu at its worst, and 40 times as bad as a mild strain of flu.



That's semantics. If you want to invent a brand new rule, never before observed, saying that jobs are only "created" when we've set a new all-time high, fine. No point arguing your silly word games. But if you check any historical economic coverage, you'll see that was never before how the term was used. For example:

https://money.cnn.com/2004/09/03/news/economy/jobless_august/
https://www.americanprogress.org/article/labor-market-challenges/

As you can see, those reports, from back in 2004, referred to the economy creating jobs. At the time, though, the total job count remained below the high set in February 2001. It's a consistent approach, among business people, financial analysists, economists, government agencies, and all other educated people to refer to jobs added in a month as jobs created, whether or not it's a new all-time high. That's why the word games only result in the person playing them looking like a joke.



That's good to hear. If we're gaining this many jobs at a time when smaller businesses are losing them, that means bigger businesses are gaining even more than I thought, to more than make up for that. As you probably know, employees at bigger businesses tend to have higher pay and superior benefits, as well as more labor protections. So, if, even as we greatly expand payrolls, we're also shifting people to superior jobs at large employers, that's really fantastic news!
Click to expand...
Still operating on full moron mode, I see.
 
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