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The Biden Boom: Biden's Economy Has the Best Growth Record Since 1969


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December added 216K jobs but as always the monthly jobs report is subject to interpretation while being full of inconsistencies. 

 

Government added 52K jobs.  The healthcare sector was strong.  Retail added jobs. 

 

But the drop in the labor force participation rate implies about 1 million workers left their jobs in December.  So where did they go?  How can the net result be adding 216K jobs when you subtract out a million workers?   How does the jobs model account for this loss?  

 

Transportation and warehousing lost 22K and additions in construction and manufacturing were small.  The mix of full time additions vs. part time additions is not yet available.  Wage growth was strong but how was it distributed?  Some point to union contract agreements for auto workers and teamsters accounting for most of it.

 

   

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1 minute ago, All_Pro_Bills said:

 

 

But the drop in the labor force participation rate implies about 1 million workers left their jobs in December.  So where did they go?  

 

   

Aging population. That's why immigration is so important 

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“The construction industry alone is facing a deficit of more than 500,000 workers in the U.S. That’s in part because we’re losing thousands of boomers from the skilled trades to retirement, and there aren’t enough people from the younger generations interested in taking over those jobs.“

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https://www.axios.com/2024/01/05/gasoline-prices-3-dollars

 

U.S. gas prices have returned to the big round figure of around $3 a gallon.

Why it matters: Falling gasoline prices are typically a tonic for sour consumer sentiment.

The intrigue: It's a cornerstone finding of behavioral economics that changes in big round numbers for prices — also known as the "left-digit effect" — have a disproportionate impact on activity, suggesting they're more apt to catch peoples' attention and stick in their memories.

State of play: Average prices dipped below $3 last month, and are now hovering just a hair above it.

Before that, prices hadn't been below the milestone in more than two years, save for a couple of weeks around this time last year.

The bottom line: If gas prices manage to hop the line into the high $2-per-gallon zone and stay there, it could soften the recession-level grumpiness that consumers report feeling despite the strong economy and low unemployment.

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35 minutes ago, Tiberius said:

Oh, you believe in the Big Lie, isn't that special 

 

image.png.8321698272ae52b7d3e3648c28202031.png

Nah, nothing weird at all about truck loads full of mail in ballots and not checking ID's. I feel totally secure with computer generated results from the Pelosi invested company. Nothing to see here!

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1 minute ago, KDIGGZ said:

Nah, nothing weird at all about truck loads full of mail in ballots and not checking ID's. I feel totally secure with computer generated results from the Pelosi invested company. Nothing to see here!

Ok, so you watch right wing tv

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3 minutes ago, Tiberius said:

Ok, so you watch right wing tv

Nope I wouldn't feel ok with Trumpers doing that stuff either! We never lost more freedoms than when Bush and Chaney were starting fake wars...that is until the plandemic!

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You guys are anti Trump, so imagine a world where all corporations, media, celebrities were telling you to vote for Trump and if you vote for Biden you are a nut job racist and you will be cancelled. I will never be for any side that yields that much power and influence. Stop being brainwashed. This isn't right vs left anymore. This is about total global power for the elites and they think the rest of us should be grateful to have their scraps!

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15 minutes ago, John from Riverside said:

Would this be a bad time to point out where most of the welfare goes per capita hint it’s not in the blue states

Maybe blue states but which cities in those states? I'm sure we all know which way they lean. Sounds like cherry picking stats.

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3 minutes ago, KDIGGZ said:

Maybe blue states but which cities in those states? I'm sure we all know which way they lean. Sounds like cherry picking stats.

They should do it by house district/county.  Not state.  

 

Like so many other topics.  They desperately want to stay focused on the macro level vs micro to identify the patterns and data sets.  

 

It's kind of funny how they hyperventilate over outliers and ignore the trends and majority. 

 

It's like they are on another planet 

 

If johns in Riverside, there are war zones within driving range of him. 

 

 

Edited by Tommy Callahan
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