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Started By
Message
re: Another dismal jobs report for December
Posted on 1/7/22 at 1:08 pm to Abstract Queso Dip
Posted on 1/7/22 at 1:08 pm to Abstract Queso Dip
It’s the fricking holiday season and Americans are all running around with free $ in their bank accounts, retailers are booming and you cant even add 200k jobs ? There’s no way spin to this. It’s a GD disaster. Add it to the growing list of disasters this administration has managed in their first year.
1
Posted on 1/7/22 at 1:11 pm to reggierayreb
It is a disaster because of the excess money supply... There isn't enough labor to match the printing press. That can be attributed to multiple administrations. 3 in fact.
Posted on 1/7/22 at 1:13 pm to Abstract Queso Dip
quote:
That can be attributed to multiple
Correct, except the current one is doubling down, and blaming corporations for gouging.
When the current administration is that economically ignorant, we are fricked.
Posted on 1/7/22 at 1:14 pm to Abstract Queso Dip
quote:
Just because your friends can't find workers means that he has a business in a shoddy labor market. Isn't paying enough
It's hard when your competitor has a money printing machine
Posted on 1/7/22 at 1:16 pm to Abstract Queso Dip
It goes even further... Planting season is right around the corner. I have a friend from South Africa that is permanent resident here. Works on a farm. There will be 10 more of his friends from SA to work this farm during planting season. That is just one 10k acre farm. There are millions of acres of farmland. There will 10s I'd not hundreds of thousands of immigrants to work those farms and there still won't be enough labor including illegals.
What is the real problem here? Too much free money from the printing press.
What is the real problem here? Too much free money from the printing press.
Posted on 1/7/22 at 1:41 pm to RogerTheShrubber
quote:they don’t like seeing stats they don’t comprehend.
Job participation rate is 61%
Posted on 1/7/22 at 1:42 pm to upgrayedd
quote:that’s the same type math that found all those votes (thank the lort) at 2AM on election night.
How do you add 50% less jobs than anticipated but still have unemployment drop by 0.2%?
This post was edited on 1/7/22 at 1:45 pm
Posted on 1/7/22 at 2:07 pm to RLDSC FAN
quote:
Nonfarm payrolls grew by 199,000, while the unemployment rate fell to 3.9%
That 3.9% is pure bullshite because they only count people on the unemployment rolls for so long. After a while they roll off as though they no longer exist. The real unemployment rate in the US is probably at least 5 times that high.
Posted on 1/7/22 at 2:38 pm to Darth_Vader
quote:
That 3.9% is pure bullshite because they only count people on the unemployment rolls for so long. After a while they roll off as though they no longer exist.
Sort of. That's U3 Unemployment. U3 is the gauge of people actively looking for work. Those who aren't simply aren't counted in this statistic.
U6 is the percentage of the labor force that is unemployed, underemployed and/or discouraged from job-hunting. Currently that's 7.4%, which is still a bit higher than pre-pandemic numbers.
Posted on 1/7/22 at 2:55 pm to EZE Tiger Fan
quote:
One of the lowest labor participation rates in history (61%)
61.9% actually, its highest level since March 2020. And the pre-pandemic level was 63.5% so 1.6% lower now but has been rising since Joe took office. Fact is, the economy is booming and jobs are there for anybody who wants one. The GDP was up above estimates in Q3.
This post was edited on 1/7/22 at 2:57 pm
Posted on 1/7/22 at 3:22 pm to Zappas Stache
quote:
61.9% actually, its highest level since March 2020.
You say that like it's a flex. It's not.
quote:
And the pre-pandemic level was 63.5% so 1.6% lower now but has been rising since Joe took office.
Again, not the flex you're trying to make it out to be.
quote:
The GDP was up above estimates in Q3.
The second estimate was only 2.1 and it beat that by only .2. Again, not something to be bragging about especially since that also represents a 4.4 drop from Q2 while we're still seeing an inflation spike (which will likely be higher for December, when that comes out next week).
This post was edited on 1/7/22 at 3:23 pm
Posted on 1/7/22 at 3:32 pm to Zappas Stache
The economy is booming?
Lol ok
Lol ok
Posted on 1/7/22 at 4:31 pm to Zappas Stache
quote:
Unemployment at 3.9% and more jobs added in 2021 then since 1939. The Biden boom continues!
It has to be tough to be such a fricking idiot as yourself.
Posted on 1/7/22 at 4:32 pm to Zappas Stache
Keep trying to polish this turd. It's entertaining.
Posted on 1/7/22 at 4:39 pm to Zappas Stache
quote:
61.9% actually, its highest level since March 2020. And the pre-pandemic level was 63.5% so 1.6% lower now but has been rising since Joe took office. Fact is, the economy is booming and jobs are there for anybody who wants one. The GDP was up above estimates in Q3.
if this is true, why do we need to inject another 2 or 3 trillion dollars of funny money into the monetary supply?
Posted on 1/7/22 at 5:58 pm to RLDSC FAN
Yeah and my spy calls went in the toilet
Posted on 1/7/22 at 6:00 pm to Zappas Stache
4.5 million people quit their jobs in November. Adding back 199k isn’t good
Posted on 1/7/22 at 6:07 pm to Zappas Stache
quote:
61.9% actually, its highest level since March 2020. And the pre-pandemic level was 63.5% so 1.6% lower now but has been rising since Joe took office. Fact is, the economy is booming and jobs are there for anybody who wants one. The GDP was up above estimates in Q3.
Oh shite - an apparent living, breathing Biden supporter
Now let's watch as it performs Olympic level gymnastics in an attempt to spin this clusterfrick of an administration into a semblance of success
Truly poetry at work
Posted on 1/7/22 at 6:26 pm to Zappas Stache
quote:
Fact is, the economy is booming and jobs are there for anybody who wants one.
The fact also is, that absolutely none of this is attributable to the failure that is Joe Biden.
Businesses rehiring people they let go at the start of the scamdemic, or simply adding back positions to their workforce that they had to trim to survive during the scamdemic, are not the result of any single liberal policy from this joke administration. If it existed prior to the scamdemic then no Brandon can't take any credit.
That this even needs to be typed out and stated is however the result of failed liberal policy.
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