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Started By
Message
Unempoyment rose and will continue to
Posted on 5/3/24 at 12:35 pm
Posted on 5/3/24 at 12:35 pm
LINK
quote:
Nonfarm payrolls increased by 175,000 on the month, below the 240,000 estimate from the Dow Jones consensus.
The unemployment rate ticked higher to 3.9% against expectations it would hold steady at 3.8%. A more encompassing jobless rate edged up, to 7.4%, its highest level since November 2021.
7
Posted on 5/3/24 at 12:37 pm to Jjdoc
Do you even Bidenomics bro? You’re witnessing the greatest economy in human history. If you don’t believe me just ask Biden yourself.
Posted on 5/3/24 at 12:37 pm to Jjdoc
The leftists propaganda regime will now have to continue gaslighting through the election.
Posted on 5/3/24 at 12:38 pm to Jjdoc
quote:
to 3.9% a
Still ultra low.
Posted on 5/3/24 at 12:42 pm to RogerTheShrubber
Are you seriously defending that?
Posted on 5/3/24 at 12:45 pm to RogerTheShrubber
quote:
Still ultra low.
yes, but don't worry
Joe will soon change that.
Posted on 5/3/24 at 12:50 pm to Jjdoc
Hey, it's the new normal! 
Posted on 5/3/24 at 12:50 pm to RogerTheShrubber
quote:
quote:
to 3.9% a
Still ultra low.
But you know that this number is bullshite. Government jobs and people picking up part time work to stay afloat are a huge portion of the jobs numbers.
Posted on 5/3/24 at 12:51 pm to Jjdoc
Big Rate Cuts back on the menu boyz just in time for Nov
Posted on 5/3/24 at 12:59 pm to Jjdoc
quote:
Are you seriously defending that?
No. Find anywhere in that little sentence where I defended anything, Gomer.
I'm bashing the government thinking full employment needs to be below 5%. The Fed reacts too quickly to political bullshite. Unemployment typically should be around 5.5% at full employment.
Its hard to have an informed conversation on this board anymore. Its getting dumber by the day.
This post was edited on 5/3/24 at 1:02 pm
Posted on 5/3/24 at 1:08 pm to Jjdoc
Who actually believes that 3.9 number,?
Posted on 5/3/24 at 1:51 pm to FightinTigersDammit
The old classic economic belief was that anything below 5.5% unemployment would trigger inflation.
Posted on 5/3/24 at 1:53 pm to FightinTigersDammit
quote:
Who actually believes that 3.9 number,?
What's the real number then?
Posted on 5/3/24 at 1:55 pm to GoblinGuide
quote:
What's the real number then?
Probably 4.1 or 4.2
Posted on 5/3/24 at 1:57 pm to GoblinGuide
quote:
What's the real number then?
quote:
7.3%
The so-called U-6 unemployment rate in the United States, which includes total unemployed, underemployed, marginally attached, and discouraged workers, was unchanged at 7.3% in March 2024, remaining at its highest level since December 2021. source: U.S. Bureau of Labor Statistics
Posted on 5/3/24 at 2:00 pm to RogerTheShrubber
quote:
7.3%
The so-called U-6 unemployment rate in the United States, which includes total unemployed, underemployed, marginally attached, and discouraged workers, was unchanged at 7.3% in March 2024, remaining at its highest level since December 2021. source: U.S. Bureau of Labor Statistics
If we're going by the U6 rate 7.3 is still damn near the lowest it's been since tracking began.
Posted on 5/3/24 at 2:02 pm to GoblinGuide
quote:
If we're going by the U6 rate 7.3 is still damn near the lowest it's been since tracking began.
I agree its low.
But watch what the Gubment and Fed do.
Posted on 5/3/24 at 2:02 pm to RogerTheShrubber
quote:
Unemployment typically should be around 5.5% at full employment.
The US should typically be run by a competent admin, not one that ignores inflation for 15 months saying it's only transitory and if you just get this new vaxx then everything will be okay. If you just pass this $1.7T spending package then the infrastructure will be booming. Yeah, none of this has happened under this incompetent admin that you simp for.
Posted on 5/3/24 at 2:03 pm to Jjdoc
If this clown gets re-elected, you will see the end of the Trump tax cuts and capital gains taxes at 45%. This is Joe's promise. Of course, he is a liar, but I believe this one because he is already spending the money, but not on the USA.
He will further damage our economy and weaken us.
It is imperative that we hold the House and take the Senate. Even better take the White House to undo the damage this traitor has done to America.
Restore freedom.
Return Equal Justice Under the Law
De-weaponize the alphabet Agencies
Protect Our Borders, Language and Culture
Teach Natural Rights
Build Peace through Strength and end continuous wars
Restore our economy through energy development of all kinds
Unleash American industry from high taxes, interfering bureaucrats and bullshite regulations.
End DEI and let the best achieve.
Watch the economy grow. A rising tide lifts all ships.
He will further damage our economy and weaken us.
It is imperative that we hold the House and take the Senate. Even better take the White House to undo the damage this traitor has done to America.
Restore freedom.
Return Equal Justice Under the Law
De-weaponize the alphabet Agencies
Protect Our Borders, Language and Culture
Teach Natural Rights
Build Peace through Strength and end continuous wars
Restore our economy through energy development of all kinds
Unleash American industry from high taxes, interfering bureaucrats and bullshite regulations.
End DEI and let the best achieve.
Watch the economy grow. A rising tide lifts all ships.
Posted on 5/3/24 at 2:05 pm to Lynxrufus2012
quote:
If this clown gets re-elected, you will see the end of the Trump tax cuts and capital gains taxes at 45%.
Trump's tax cuts were built with an expiration date if you're in the middle class. It was only intended to help the wealthiest Americans in the first place.
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