Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing

[Over 29 years of fanhood]

11 hours ago, B-Man said:

 

The inflation is transitory 

[B-Man]

 

 

 

Time to change a few more economic definitions.

 

 

 

 

 

[Over 29 years of fanhood]

Cool this whole progressive approach to crime is working. 

 

https://www.wsj.com/articles/san-francisco-commercial-real-estate-office-buildings-471742ea

 

maybe the homeless people can live in all the offices that have been vacated by companies who would rather not pay high rent only for their employees to be stabbed or climb wade through heroin junkies in sidewalk tents… 

 

progress! 

Edited May 2, 2023 by Over 29 years of fanhood

[Tiberius]

Employment openings pulled back further in March, hitting a nearly two-year low in a sign that the ultra-tight U.S. job market is loosening and possibly putting less pressure on inflation, the Labor Department reported Tuesday.

The department’s Job Openings and Labor Turnover Survey showed that job vacancies totaled 9.59 million for the month, down from 9.97 million in February and below the FactSet estimate for 9.64 million.

At the same time, layoffs and discharges jumped by 248,000 to just over 1.8 million, taking the rate as a share of the workforce up to 1.2% from 1%.

Though the data set runs a month behind the nonfarm payrolls number, the Federal Reserve watches the JOLTS report closely for signs of labor slack. A lower number is positive for inflation as it indicates less pressure on wages and could ease pressure on the Fed to continue raising interest rates

 

https://www.cnbc.com/2023/05/02/jolts-march-2023-.html

[Tommy Callahan]

1 minute ago, Tiberius said:

Employment openings pulled back further in March, hitting a nearly two-year low in a sign that the ultra-tight U.S. job market is loosening and possibly putting less pressure on inflation, the Labor Department reported Tuesday.

The department’s Job Openings and Labor Turnover Survey showed that job vacancies totaled 9.59 million for the month, down from 9.97 million in February and below the FactSet estimate for 9.64 million.

At the same time, layoffs and discharges jumped by 248,000 to just over 1.8 million, taking the rate as a share of the workforce up to 1.2% from 1%.

Though the data set runs a month behind the nonfarm payrolls number, the Federal Reserve watches the JOLTS report closely for signs of labor slack. A lower number is positive for inflation as it indicates less pressure on wages and could ease pressure on the Fed to continue raising interest rates

 

https://www.cnbc.com/2023/05/02/jolts-march-2023-.html

yes tibs. the coming recession will decrease inflation.  

 

Kinda the goal of raising rates and slowing liquidity.

 

And the Corporate layoffs are just starting unless this economy swings fast.

 

 

[BillStime]

Wait - what? The WSJ?

 

 

[Over 29 years of fanhood]

On 4/21/2023 at 11:08 AM, B-Man said:

 

 

THE BOTTOM LINE.

 

How Americans have taken a pay cut every month since Biden took office. 

 

“For the typical family with two parents working, their combined weekly paychecks are up about $200, but that money has lost so much purchasing power from inflation that it’s as if their weekly pay has shrunk by more than $100.”

 

https://nypost.com/2023/04/19/americans-have-taken-pay-cuts-each-month-since-biden-took-office/

 

 

 

 

THAT MEANS BIDENOMICS IS WORKING: 

 

 

 

yep, worst hits in all directions ever for my wallet. They took a easy covid rebound and fumbled it into oblivion.

 

now watch inflation and the recession every one knows is coming take years off of retirement nest eggs 

 

[aristocrat]

 

[Tommy Callahan]

24 minutes ago, aristocrat said:

 

Gotta get to the great reset one way or another.

 

 

[aristocrat]

 

[Over 29 years of fanhood]

Bidenomics
 

https://www.wsj.com/articles/regional-bank-shares-dive-as-investors-fret-about-contagion-7717c91a

[BillsFanNC]

 

[Tiberius]

The unemployment rate dropped to 3.4 percent last month, according to a Bureau of Labor Statistics report released Friday, as the labor market has recovered most of the workers who left their jobs during the pandemic and hovered near 50-year lows.

[Over 29 years of fanhood]

4 minutes ago, Tiberius said:

The unemployment rate dropped to 3.4 percent last month, according to a Bureau of Labor Statistics report released Friday, as the labor market has recovered most of the workers who left their jobs during the pandemic and hovered near 50-year lows.

That’s because a quarter of the population is on welfare and has no interest in working. Keep up silly 

[Tommy Callahan]

4 minutes ago, Tiberius said:

The unemployment rate dropped to 3.4 percent last month, according to a Bureau of Labor Statistics report released Friday, as the labor market has recovered most of the workers who left their jobs during the pandemic and hovered near 50-year lows.

LMAO. 

 

 

 

 

[Tiberius]

Just now, Chris farley said:

LMAO. 

 

 

 

 

Super good job report! Low unemployment, more Americans working and wages rising, 

 

Dark Brandon is good! 

2 minutes ago, Over 29 years of fanhood said:

That’s because a quarter of the population is on welfare and has no interest in working. Keep up silly 

Cry baby cry! People are working, lots and lots of them! 

[Tommy Callahan]

1 minute ago, Tiberius said:

Super good job report! Low unemployment, more Americans working and wages rising, 

 

Dark Brandon is good! 

Cry baby cry! People are working, lots and lots of them! 

None of that is true.

 

its just you are showing that you are very much out of touch with reality.

 

 

 

[Roundybout]

3 minutes ago, Over 29 years of fanhood said:

That’s because a quarter of the population is on welfare and has no interest in working. Keep up silly 

 

Let's see some stats big boy, because most families receiving benefits have at least one employed person. 

 

https://www.census.gov/library/stories/2020/07/most-families-that-received-snap-benefits-in-2018-had-at-least-one-person-working.html#:~:text=The majority of families that,American Community Survey (ACS).

[Over 29 years of fanhood]

1 minute ago, Tiberius said:

Super good job report! Low unemployment, more Americans working and wages rising, 

 

Dark Brandon is good! 

Cry baby cry! People are working, lots and lots of them! 

 

70 million are getting paid not to work with my money and the other 40 million people that pay all the taxes. 
 

Get off your ass and do something. Stop taking the welfare check you bum

[Tiberius]

15 minutes ago, Chris farley said:

None of that is true.

 

its just you are showing that you are very much out of touch with reality.

 

 

 

Your twisted reality, ya, I am. 

[Tiberius]

21 minutes ago, Over 29 years of fanhood said:

 

70 million are getting paid not to work with my money and the other 40 million people that pay all the taxes. 
 

Get off your ass and do something. Stop taking the welfare check you bum

You probably don't even have a job 

[Tommy Callahan]

March payrolls revised from 236K to 165K. 

 

Just as the current guesses will be revised 

[ChiGoose]

 

In defense of GOP presidents, they like to leave the economy in shambles on the way out of the office, which allows Dems to run up the score. 

[Tommy Callahan]

Just now, ChiGoose said:

 

In defense of GOP presidents, they like to leave the economy in shambles on the way out of the office, which allows Dems to run up the score. 

This economy is hurting everyone below the investor class, for the investor class 

 

 

[Over 29 years of fanhood]

27 minutes ago, Roundybout said:

 

Let's see some stats big boy, because most families receiving benefits have at least one employed person. 

 

https://www.census.gov/library/stories/2020/07/most-families-that-received-snap-benefits-in-2018-had-at-least-one-person-working.html#:~:text=The majority of families that,American Community Survey (ACS).

the metric is call labor participation rate. You won’t believe it from me but look it up. It tells the story 

[BillStime]

 

[B-Man]

 

 

REMINDER:

 

 

How Americans have taken a pay cut every month since Biden took office. 

 

“For the typical family with two parents working, their combined weekly paychecks are up about $200, but that money has lost so much purchasing power from inflation that it’s as if their weekly pay has shrunk by more than $100.”

 

According to the Bureau of Labor Statistics, average weekly earnings are up 9% since Biden took office, but consumer prices have risen 14.9% over that same time.

The result is that real earnings (meaning earnings adjusted for inflation) are down 5.1% under Biden.

 

 

If the pain is to end, the spending must be reined in.

 

The Federal Reserve simply created the money for the government to spend, and that devalued the dollar with four-decade-high inflation, according to statistics.

Christopher Sadowski

 

That is why McCarthy’s fight over the debt ceiling is so crucial.

 

If they don’t, the spending sprees will continue, and so will the pain, as the government borrows into oblivion.

 

https://nypost.com/2023/04/19/americans-have-taken-pay-cuts-each-month-since-biden-took-office/

[Tiberius]

Record low unemployment all over the country! This economy for its problems is just a job creating machine! 

[All_Pro_Bills]

1 minute ago, Chris farley said:

March payrolls revised from 236K to 165K. 

 

Just as the current guesses will be revised 

January (minus 32K) and February (minus 78K) also revised lower along with March (minus 71K).  But the interesting story is the actual jobs number has exceeded the consensus estimate for 13 straight months.  That's a statistical outlier equivalent of going to the casino and leaving a winner 13 straight visits or flipping a coin and having it come up heads every time. 

 

 

[Orlando Tim]

51 minutes ago, All_Pro_Bills said:

January (minus 32K) and February (minus 78K) also revised lower along with March (minus 71K).  But the interesting story is the actual jobs number has exceeded the consensus estimate for 13 straight months.  That's a statistical outlier equivalent of going to the casino and leaving a winner 13 straight visits or flipping a coin and having it come up heads every time. 

 

 

You think a 1 in 10k shot is unlikely for this brand of incompetence? These guys are the elite liars, just ignore the numbers that don't work.

[B-Man]

 

 

April job growth numbers exceed expectations as previous months are quietly LOWERED

 

https://twitchy.com/artistangie-313138/2023/05/05/april-job-growth-numbers-exceed-expectations-as-previous-months-are-quietly-lowered/

[All_Pro_Bills]

3 minutes ago, B-Man said:

 

 

April job growth numbers exceed expectations as previous months are quietly LOWERED

 

https://twitchy.com/artistangie-313138/2023/05/05/april-job-growth-numbers-exceed-expectations-as-previous-months-are-quietly-lowered/

Like the rule of first impressions, most people remember initial inaccurate news stories but nothing about corrections or retractions and certainly nobody pays attention to downward adjustments in previous month's BLS job numbers. 

[Over 29 years of fanhood]

4 hours ago, Tiberius said:

You probably don't even have a job 

Of course I do and I’m hiring. Care to get off your ass and welfare and do some work for a change? Send me a resume. 
 

I have to warn you though, we have a lot of diversity here, it might make you uncomfortable. 

[Tiberius]

Just now, Over 29 years of fanhood said:

Of course I do and I’m hiring. Care to get off your ass and welfare and do some work for a change? Send me a resume. 
 

I have to warn you though, we have a lot of diversity here, it might make you uncomfortable. 

Bull! You are sitting there spending your government money and calling mommy for more cash to buy lottery tickets. Hey! Maybe the next one will be the big winner! 

 

 

[Over 29 years of fanhood]

7 minutes ago, Tiberius said:

Bull! You are sitting there spending your government money and calling mommy for more cash to buy lottery tickets. Hey! Maybe the next one will be the big winner! 

 

 

Good deflection. I figured the idea of work would trigger the projection.  As you were. 
 

please send a picture for the fridge so we can appreciate the deadbeats we sponsor with a third of our income. 
 

let me know if you change your mind. I don’t have anything in my group, it’s a little out of you depth, but there is a warehouse coordinator job that looks more your speed - I can make some calls. Let me know. 

[Tiberius]

1 minute ago, Over 29 years of fanhood said:

Good deflection. I figured the idea of work would trigger the projection.  As you were. 
 

please send a picture for the fridge so we can appreciate the deadbeats we sponsor with a third of our income. 
 

let me know if you change your mind. I don’t have anything in my group, it’s a little out of you depth, but there is a warehouse coordinator job that looks more your speed - I can make some calls. Let me know. 

Ya, you really seem like a busy boss 🙄 

 

You getting ready to watch a rerun of Dr. Phil? Of ya! 

[Over 29 years of fanhood]

2 minutes ago, Tiberius said:

Ya, you really seem like a busy boss 🙄 

 

You getting ready to watch a rerun of Dr. Phil? Of ya! 

Tibs you silly guy. I’m doing 6 things at once right now. I’m even virtually attending a deep learning seminar. This AI stuff is coming for your barista union. I just saw robots learn to play soccer in 3 minutes 

[Tiberius]

24 minutes ago, Over 29 years of fanhood said:

Tibs you silly guy. I’m doing 6 things at once right now. I’m even virtually attending a deep learning seminar. This AI stuff is coming for your barista union. I just saw robots learn to play soccer in 3 minutes 

Sure, and tomorrow you will be Queen Elizabeth 

[Roundybout]

6 hours ago, Over 29 years of fanhood said:

 

70 million are getting paid not to work with my money and the other 40 million people that pay all the taxes. 
 

Get off your ass and do something. Stop taking the welfare check you bum

Agreed, I’m tired of my taxes going to the Republican states taking the most federal assistance. Bums!
 

https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700

[Over 29 years of fanhood]

1 minute ago, Roundybout said:

Agreed, I’m tired of my taxes going to the Republican states taking the most federal assistance. Bums!
 

https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700

 

 

Ok what are you gonna do about it? Keep supporting the guys that want to spend more and steal more of your money? 

1 hour ago, Tiberius said:

Sure, and tomorrow you will be Queen Elizabeth 

you guys also also so obsessed with monarchs… it’s so odd that you obsess with rulers that you want to control more of your life.