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Started By
Message
re: The US economy gained 236,000 jobs in March
Posted on 4/7/23 at 9:46 am to HailToTheChiz
Posted on 4/7/23 at 9:46 am to HailToTheChiz
quote:The majority of those layoffs have been in tech or others who had a hiring surge during covid. Most are just laying off the people the overstaffed with.
feel like I saw article after article on massive layoffs but maybe that was last month
1
Posted on 4/7/23 at 9:52 am to SuperSaint
quote:
Biden's America
lol, this is seemingly good news, as of now. So, you are a Biden supporter then, yeah?
Posted on 4/7/23 at 9:56 am to RLDSC FAN
Just like when Obama was POTUS, this number will be "revised" downward, and not a peep from the news.
If you think our economy is good right now, well, you are the perfect Biden voter.
If you think our economy is good right now, well, you are the perfect Biden voter.
Posted on 4/7/23 at 9:58 am to sqerty
quote:
Look! We are hiring! Says every company, but they are not.
There are a lot of jobs out there right now. What's not mentioned is we are still not at the job market pre- Covid craziness.
Posted on 4/7/23 at 10:13 am to RLDSC FAN
quote:
Retail -14,600
Warehousing -11,800
Construction -9,000
Real estate/leasing -7,200 Manufacturing -1,000
What this means…
People are not buying or building houses. Nor are they building new businesses. Nor are they buying or making new products
In short, the recession is here. We’re just waiting on the indicators to catch up.
Posted on 4/7/23 at 10:14 am to sqerty
quote:
Look! We are hiring! Says every company, but they are not.
For some reason they are having trouble finding prospective employees with graduate degrees and years of experience in that exact position willing to work for $40k a year.
Posted on 4/7/23 at 10:20 am to RLDSC FAN
quote:
Hospitality: +72,000
Gov't +47,000
Biz: +39,000
Healthcare +34,000
Social aid +17,000
Oof
Posted on 4/7/23 at 10:23 am to gumpinmizzou
quote:
A thread with legitimate news to discuss and that's your response?
quote:
gumpinmizzou
First of all, this is the OT, not the poli board. So jot that down. Secondly, I'm sorry if it bothers you but this "news" isn't exactly encouraging given the state of everything else with regard to the regime in charge, our inflation, our spending, and the fact that the USD is being supplanted globally for oil.
Posted on 4/7/23 at 10:30 am to RLDSC FAN
Hiring slowed but employment is reported to be the same.
So the Fed doesn’t have to change policy. They have cover to continue hiking rates. There was a lot of speculation that the bank failures were going to cause them to hold steady.
So the Fed doesn’t have to change policy. They have cover to continue hiking rates. There was a lot of speculation that the bank failures were going to cause them to hold steady.
Posted on 4/7/23 at 10:34 am to RLDSC FAN
Man thats pretty good considering the petro dollar has collapsed and its end times.
Posted on 4/7/23 at 10:34 am to PikesPeak
Exactly. Yay us.
Posted on 4/7/23 at 10:37 am to RLDSC FAN
Coincidentally the 250 dollar extra food stamps policy due to covid expired this month
Funny how that works
Funny how that works
Posted on 4/7/23 at 10:38 am to RLDSC FAN
I’ve been saying this from the jump. We keep adding service industry and government jobs.
Yay!
Yay!
Posted on 4/7/23 at 10:38 am to RLDSC FAN
Washington Post writer. 
Jussie Smollett has more credibility.
Jussie Smollett has more credibility.
Posted on 4/7/23 at 10:43 am to Darth_Vader
quote:
What this means… People are not buying or building houses. Nor are they building new businesses. Nor are they buying or making new products In short, the recession is here. We’re just waiting on the indicators to catch up.
We were in a textbook recession last year after two consecutive quarters of negative GDP growth (this despite record inflation). For political reasons, they masked that fact in the media. They had to redefine the meaning of recession to protect the lame horses that they backed.
And it hasn’t gotten much better since then. Big tech has lost 100,000+ jobs in the past 5 months although many of them got severances that won’t allow them to file for unemployment for another 8-10 weeks. Housing starts are way down. Profitability has been historically low in banking and we’ve seen a flurry of actual bank collapses.
Plenty of data to justify a pause in rate hikes even without calling the questionable/suspect jobs numbers out. And I do suspect those numbers are highly manipulated.
In short….The Fed wanted to hike rates until they broke something. They broke something and they are still hiking rates.
My hypothesis is that they are prepping for a currency war, and that is weighing on their policy decisions. And they have gone from cherry picking datapoints to justify those decisions to ignoring some and manipulating others.
Posted on 4/7/23 at 10:45 am to RLDSC FAN
Expect rate hikes for the next year to 18 months.
The moron flu impacting foreign policy has infected monetary policy as well.
The moron flu impacting foreign policy has infected monetary policy as well.
This post was edited on 4/7/23 at 10:49 am
Posted on 4/7/23 at 10:46 am to SwampGar
If you locked in a mortgage below 3.5%….are you selling right now?
You aren’t unless you desperately have to move or if you no longer can afford a home. If the housing market starts to collapse, it’s going to be a trailing indicator of a major recession, not a leading one.
You aren’t unless you desperately have to move or if you no longer can afford a home. If the housing market starts to collapse, it’s going to be a trailing indicator of a major recession, not a leading one.
Posted on 4/7/23 at 10:51 am to bayouvette
Can't be true the poli board said were tanking
and all the Bama posters are never wrong...they say
and all the Bama posters are never wrong...they say
Posted on 4/7/23 at 10:58 am to beerJeep
quote:Truer words have never been spoken.
Where useless losers with no marketable skills go to steal tax money from people with actual marketable skills
Posted on 4/7/23 at 11:31 am to Tmcgin
quote:
Can't be true the poli board said were tanking and all the Bama posters are never wrong...they say
ooof, lot of butthurt wrapped up in one post. someone alert the FBI, TD is the home of the next tranny mass shooter.
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