Not sure if people saw James Bullard's interview where he was pumping up the January job numbers. Which is weird because if you look at the BLS report, there was a loss of 2.5 million jobs
Job Losses are "Brilliantly Disguised?
- Thread starter SamSwimmer
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Work Force Participation Rate.
They don't want to talk about that, especially working age males who are just leaving the work force.
They don't want to talk about that, especially working age males who are just leaving the work force.
Go back and look at the "revised" data month over month. It's even worse. The "on time" data releases are a joke. It's all for headlines and misinformation because most will never go back and look at what the real data is settling out to be.
Let's talk about it. Your orange jesus presided over a 1.5% decrease in LFPR, while Biden has presided over a 1% increase.
Can you ever try to discuss the situation at hand without reverting back to what about Trump?
I know it costs me more to live now. I know my investments and my dollar are worth less. Under BIden.
I understand why you don't want me to. It makes your whining look stupid.
With ALL that money you say you make, is the cost of eggs ruining your vacation plans?
What is the 2.5 million against? The last report I see has a loss but it’s closer to 250k than 2.5M
Look at the non-seasonally adjusted from the BLS. The theories are the Fed is purposely avoiding going deeper into the numbers so they can justify continuing to raise rates (two or three more times.)
No, it is not ruining my vacation plans, but it hurts other people. Try to stay on topic and discuss BIden.
wait until all these loans start defaulting from all the money they printed. Kick the can down the road. Setting up for an economic catastrophe at some point.
Isn’t a non-seasonally adjusted job number between Dec and Jan always going to be a bloodbath?
"The January jobs number is subject to an annual population correction by the Bureau of Labor Statistics that may have influenced the data. Due to the correction, the December and January jobs numbers are not directly comparable, and some economists have been putting up warning signs about this."
^^^This is from a story On The Hill.
Additionally, many of those tech companies laying off employees haven't hit the unemployment ranks yet in most of this data. As long as you have a "severance", you cant file for unemployment. As their severance is depleted, expect these unemployment numbers to go higher.
^^^This is from a story On The Hill.
Additionally, many of those tech companies laying off employees haven't hit the unemployment ranks yet in most of this data. As long as you have a "severance", you cant file for unemployment. As their severance is depleted, expect these unemployment numbers to go higher.
Not always into bloodbath territory. The Fed is being weirdly cagey about these numbers.
I quit trusting the jobs numbers (at face value) administrations ago. But when the numbers really don’t make sense AND they’re using it to justify continued rate hikes, people really should be asking questions
If I were Biden I would replace the head of the FED (appointed by Trump) and bring back Yellen who had a more sensible approach to monetary policy.
The credit bubble is stretching and stretching. It’s going to be very, very bad when it pops. We’ve creates a completely unsustainable level of credit.
The "redneck buys $70k truck" market is going to die quickly.
Don't underestimate stupidity. You'd be surprised how long people are willing to finance a vehicle now-a-days. And I don't mean that as good thing. No one understands the phrase "depreciating asset" any more.
The dealer when I bought my car tried to get me to use their financing and get a more expensive car (I already had secured a good rate elsewhere) by telling me an 72 month loan would keep my monthly payment lower. How many fall into that trap?
I'm seeing them more & more (part of my job is reviewing credit reports.) A work vehicle I can understand, but not a vehicle that will be driven mainly to work & back home.
Keep interest rates at zero for eternity? 😂
A lie is purposeful deception. Talking about LFPR under Trump while not mentioning the fact that the COVID lockdowns were the sole reason for the drop is purposefully deceptive and therefor no better than a lie.
The rate was steadily increasing each of the first three years of Trump’s term and then COVID hit. We are now a full three years past the COVID start and Biden hasn’t gotten us close to being back to pre-pandemic levels.
Obama killed the participation rate with his handouts and Trump reversed a negative 8 year trend almost immediately.
The rate was steadily increasing each of the first three years of Trump’s term and then COVID hit. We are now a full three years past the COVID start and Biden hasn’t gotten us close to being back to pre-pandemic levels.
Obama killed the participation rate with his handouts and Trump reversed a negative 8 year trend almost immediately.
First, if it deceived someone, they would have to be complete idiots. There was no deception as I was and am mocking you trumptards for claiming how great things were under your orange jesus. Bad "luck" seems to be the only defense you have when it comes to comparing the economy of republican presidents and democratic presidents.
Case in point regarding "you trumptards for claiming how great things were under your orange jesus". The LFPR trend was dead flat the first 20 months of trumps presidency and dead flat the last 4 months before covid hit. That takes care of 24 months of your first 3 years.
"Trump reversed a negative 8 year trend almost immediately."
That's yet another lie^^^. The LFPR started trending up in Oct 2015 to March 2016.
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Thats not what I said. But we had a great economy and stock market with 2 percent inflation. It is time to stop raising interest rates as big inflation has peaked .Powell is the Volker type who does not know when to stop raising rates. Powell also listened to his boss Trump when he cut rates to keep the stock market over heating if you recall.
I own a bridge that crosses the Ohio River. Would you like to buy it?
I recall your ilk wanting to shutdown businesses/commerce, while demanding the govt stimulate the economy with cheap money (int rates), and free payments to people not working.
That was to save lives. Trumps was to make more money. but his idea was also inflationary as was the big rich mans tax break. You guys never want to mention those facts.
What facts? You have given us no facts. Assumptions. Assumptions. Assumptions. Thats all I see here.
Those are the facts you just dont ever read the real news that you want to call fake because the big liar does.
Yep. Cheap low interest rate stimulus money and shutdowns. Those are the facts.
Oldie seems to be gushing over the Trump economy prior to covid. ahhahaaa.
Then, the govt wanted it shut down and when biden got in a Dems controlled both houses the printing presses got going printing money.
Those were necessary maybe not for rich or the ones who dont care about life, but Trumps were totally unnecessary.
