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Message
re: Economy adds 194K jobs in September, way below expectations
Posted on 10/8/21 at 9:02 am to Deuces
Posted on 10/8/21 at 9:02 am to Deuces
quote:
Under Biden we have:
1. Mass illegal migration
2. Inflation of basic goods
3. The Chinese imposing their will
4. A botched withdrawal from Afghanistan
5. Complete Taliban takeover of Afghanistan
6. Further freedoms overridden by a “Vaccine mandate”
7. Declining jobs
8. Higher gas prices
9. Potential tax hikes on the middle class
10. Record spending
How about a 3.5 TRILLION DOLLAR spending bill?? That's pretty fricking important
0
Posted on 10/8/21 at 9:26 am to RollTide1987
quote:
The unemployment rate only factors in people who are actively looking for jobs
U-6 doesn't and that print is sitting at 11.9%
Reality is we shed 1.8% of the workforce and without an epic financial asset collpase those people aren't coming back. LA County and NYC are hitting prints of 20% U-6. We are expanding the welfare state at such a great rate I don't know if you're going to get a labor force expansion in the younger age brackets either.
quote:
There are millions of young Americans who are currently living off the government in their mom's basement.
I just pulled the numbers for a few age brackets:
Ages 16-19 2019: 39.9% Oct 2021: 36.3%
Ages 20-65 2019: 78.3% Oct 2021: 63.3%
I don't have the time to pin down who dropped out the most in the 20-65 age bracket but I'd guess that skews older quite significantly. Lots of boomers retired early. Wealth effect and Covid B.S. at work.
Posted on 10/8/21 at 9:48 am to wutangfinancial
Whatever happened to 90proof? He didnt hesitate to drop daily threads on how terrible the roaring Trump economy ackshywully was, but for this Biden dumpster fire, he's radio silent.
Odd.
Odd.
Posted on 10/8/21 at 9:49 am to Lsut81
quote:Nailed it.
Expect pudding and circle back to parrot this non-stop today.
Ronald Klain
@WHCOS
The unemployment rate is now down to 4.8% -- in just eight months. We've created 2x more jobs under @POTUS in his first nine months than any administration in history.
Posted on 10/8/21 at 9:51 am to Deuces
Trump at least had results to point to. We had a strong economy, low gas prices, and illegal immigration was down.
Biden doesn't hurt anyone's feelings though, so shitty results is acceptable.
Biden doesn't hurt anyone's feelings though, so shitty results is acceptable.
Posted on 10/8/21 at 9:57 am to Jbird
So...unexpected, again?
Posted on 10/8/21 at 11:11 am to Lsut81
quote:
unemployment rate fell sharply in September to 4.8 percent,
Expect pudding and circle back to parrot this non-stop today.
And I was right... Just showed multiple tweets from WH staff and all were touting that and not the underlying reason.
Expect the same from pudding whenever he decides to come out for his presser.
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