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Started By
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CNBC: The unemployment rate signals recession
Posted on 6/2/23 at 2:14 pm
Posted on 6/2/23 at 2:14 pm
Video
How do you like your economy?
quote:
“The increase in the unemployment rate is much worse than expected … usually when we rise by a half a point from the lowest unemployment rate, it means the economy is going into recession. We just rose three-tenths in a month.”
How do you like your economy?
5
Posted on 6/2/23 at 2:21 pm to Jjdoc
People are spending like the economy is booming. Something seems off.
Posted on 6/2/23 at 2:22 pm to Jjdoc
CNBC late to the game again
Posted on 6/2/23 at 2:42 pm to boogiewoogie1978
Stock market up over 700 points….hmmm.
Posted on 6/2/23 at 2:44 pm to boogiewoogie1978
quote:
People are spending like the economy is booming. Something seems off.
Cash about to be outlawed on July 1st, better dump it now
Posted on 6/2/23 at 3:04 pm to Born2rock
quote:
Stock market up over 700 points….hmmm.
That’s a bad thing?
Posted on 6/2/23 at 3:10 pm to boogiewoogie1978
quote:
People are spending like the economy is booming.
I don’t believe this is accurate. Retailers are noticing pre-recessionary spending trends. Larger purchases are being delayed.
This post was edited on 6/2/23 at 3:10 pm
Posted on 6/2/23 at 3:11 pm to Born2rock
quote:
Stock market up over 700 points….hmmm.
Because the market is forward looking and one of the Fed's metrics to ease rates back down is unemployment going up.
Today's market uptick won't last in these volatile times but that's the thinking.
Posted on 6/2/23 at 3:24 pm to boogiewoogie1978
quote:
People are spending like the economy is booming.
I find this incredibly hard to believe.
Posted on 6/2/23 at 3:24 pm to boogiewoogie1978
quote:
People are spending like the economy is booming. Something seems off.
I am sure it is on credit. Too good of credit can be bad for a lot of people
This post was edited on 6/2/23 at 3:26 pm
Posted on 6/2/23 at 3:26 pm to Born2rock
Fools gold. They're playing us...again.
Posted on 6/2/23 at 3:32 pm to the808bass
quote:
I don’t believe this is accurate. Retailers are noticing pre-recessionary spending trends. Larger purchases are being delayed.
I wonder how much the pandemic market crash only three years ago will confound the recession signals today?
Of course, demprogs printing money and borrowing like there is no tomorrow while the Fed is jacking up interest rates to fight inflation may have been curtailed somewhat. However, Brandon and his Marxist minions are still doing all in their power to spike the supply chain.
Posted on 6/2/23 at 3:35 pm to Jjdoc
The unemployment rate is a farce.
It only considers people that in the “workforce”.
If you aren’t employed or actively looking, you aren’t included.
Labor force participation rate is 62.6%.
It only considers people that in the “workforce”.
If you aren’t employed or actively looking, you aren’t included.
Labor force participation rate is 62.6%.
Posted on 6/2/23 at 3:39 pm to Jjdoc
But but but I thought the job numbers that just came out crushed all predictions?
Posted on 6/2/23 at 4:07 pm to Jjdoc
It’s ok baws and Trumptards, Ron will fix it in a week.
Posted on 6/2/23 at 4:27 pm to KCSilverTiger
quote:
I find this incredibly hard to believe.
Go to a DSW tomorrow
This post was edited on 6/2/23 at 4:28 pm
Posted on 6/2/23 at 4:33 pm to boogiewoogie1978
everybody knows it's coming just a matter of when
Posted on 6/2/23 at 4:35 pm to tigersmanager
It’s already here. Just a question of when it gets so bad that we stop pretending it’s not here.
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