US job openings fall to lowest level since mid-2021

Who needs jobs or money when we have Progressive platitudes? Dude, do you even MSM ?

Yeap, except long term outlook requires an understanding of economic principles, which no one in this farce known as the biden admin really has.

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US job openings plummeted in August by the highest amount since early in the pandemic

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C'mon man we're rebuilding!

FJB

Utube

I love people who honestly believe we have a free market. Our economy is just a slightly less centrally planned than China's.

I'm tired of using exaggerated language to get clicks.

"_____ plummets to lowest level since last week!"

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It's the spending, stupid!

So I refer you to a basic economics textbook before you attempt to understand the subject.

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Yes and no. The Fed has put trillions into the economy over the last decade through QE, but Congress is responsible for the majority with annual deficits averaging almost $1T/yr over the last 20 years. This excess liquidity (see: stimmy checks, PPP, rent forbearance, etc) is a large part of our inflation.

The Fed stopped QE this year and has gone into QT (no longer buying securities and raising rates) in order to drain that excess liquidity.

This was always going to happen and it was always going to be rough. Always. The longer this kept getting kicked down the road by continued QE and continued ridiculous deficit spending, the worse it was going to eventually be.

And now here we are. We lower rates to the market rebounds and we risk inflation rising again, possibly putting us into a hyperinflation scenario. We lower rates and we run the very real chance of Stagflation. There's no option for a soft landing and hasn't been for a long time.

I've been waiting for the day when these younger workers are forced by the markets to take the jobs that are available to them. Regardless of their feelings of whether the work or pay is beneath them...

That will be when we start to restore some sanity to this country.
And that day is surely getting here, but it will be painful for all in us getting there.

Bard,

You are correct. So many talk about the interest rates because its visible with mortgages, but the fed blowing up their balance sheet to flood the market with cash is just as big a problem. And while the world watches the interest rates, I believe in September is when they ratcheted up the tightening another 30 billion a month.

We have never had a balance sheet anywhere near the level they had it, and yes should have reversed it 2 years ago.

Its going to be stagflation, just a matter of how bad. And you are starting to see the edges of the hurricane with these job reports. No longer a supply issue, but an issue of no one to buy the goods at a higher price, inventories build and companies start to cut heads.

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I've been waiting for the day when these younger workers are forced by the markets to take the jobs that are available to them. Regardless of their feelings of whether the work or pay is beneath them...

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We're a long way from that as the administration recently made what amounts to a COLA (due to the jump in inflation) for welfare benefits. It seems there is a growing contingent which would rather live off welfare programs than work entry-level positions (or else work them only up to just before their income from those jobs could harm their welfare benefits).