GDP grew at a 6.9% pace to close out 2021, stronger than expected
- Thread starter CFAGator
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We're good, we are going to make it but you're never too young, too rich or have too big of a d!ck.
And it's a sizeable chunk of change.
What has Biden done right with the economy? Let's start there.
The market knows these reports will cause the Fed to move faster in raising rates and reducing their balance sheet.
But I do think these are too high, they'll likely be revised down next month. Actual level is probably in line with 300-400k ADP average.
Read the full post and don't be a fist. Labor productivity can be bad for the economy if it comes at the expense of millions of jobs that will never be replaced. The sad truth is we have tens of millions of people here that are only suited for low skilled employment. Judging from your reading comprehension , you may be one of them. Those jobs are gone forever. When you have a sec please point out the partisan portion of my post...
Average hourly earnings now +5.7% over the last year, close to the 5.8% PCE inflation over the last year.
Fed is raising Mar 16 come hell or high water.. Its a rush to raise while they still can
Agreed. Question is if this might push them to do 50 bps now instead of 25.
Because this is the Hiden administration we are talking about. Notice there's zero discussion of the changes in methodology for this report.
Which Hiden telegraphed would be terrible. So much so that his PS went out and claimed it would be bad due to everyone having covid. Which has absolutely nothing to do with a jobs report.
Yet it comes out and its an amazing number that no one, not even Hiden saw coming?
Sheep never think to question.
We spent 3 years getting blowout jobs reports under Trump. You dems claimed all that prosperity and economic growth wasn't worth all the mean tweets you had to endure.No! Everything under Biden must be bad! The sinners must be made to repent!
A little consistency would be nice. If not some outright shame.
Valid point, we were all prepared for omicron to cause a lower number than expected. But the estimate of 150k for January was coming off of previous reports of 199k in December and 249k in November.
Those months were now revised to 510k in December and 647k in November, so a decline to 475k in January still could have been affected by omicron during the measurement week, we won't know until the February report to see what was revised. The trend line everyone was reducing their January estimate from is now much higher than a day ago.
Did I claim it was partisan. Nope just dumb. There are many jobs that were lost due to productivity and never recovered. And guess what, if those people were smart they found other, higher paying jobs.
Here’s a few.
Farmers
Typewriter manufacturers
Ditch diggers
Photo processors
Secretary pools
Phone operators
Coal miners
TV repairman
Shall I go on?
But you'll respond to his response and not the question you can't answer. Never tell a joke to the same audience twice.
So you're honestly posting this with zero skepticism?
3 years of blowout jobs reports under Trump? Average was 177k between 2017-2019, with only two months out of 36 over 300k.
Don't get me wrong, these are fine numbers, but nothing particularly outstanding, and definitely wouldn't call them blowout reports. During Obama's second term the average monthly jobs gain was 215k, with seven months over 300k.
Bureau of Labor Statistics Data
data.bls.gov
That's because Trump was horrible for the economy. Almost as bad as Hussein.3 years of blowout jobs reports under Trump? Average was 177k between 2017-2019, with only two months out of 36 over 300k.
Don't get me wrong, these are fine numbers, but nothing particularly outstanding, and definitely wouldn't call them blowout reports. During Obama's second term the average monthly jobs gain was 215k, with seven months over 300k.
Bureau of Labor Statistics Data
Hiden is the GOAT. We all know this.
I would have been here sooner to post this, but I went grocery shopping and spent 5 hours staring at bare shelves and thought I had taken a wrong turn and ended up in Venezuela. Good thing those fears of Hiden turning us into a socialist country were unfounded.
I already said they seem too high, and would likely be revised down some next month, or February will just be significantly lower to catch up, at which point this board will jump on the lower February report. It's pointless to focus on each monthly report, we need to look at multi-month averages, which this report just raised significantly for the recent trend.
What is there to be skeptical of???
Sure, they forecast a shitty report, but they explained that!!!! The PREVIOUS reports were all adjusted WAY UP, so in fact THIS report was in line with ADJUSTED expectations!
I see no issue here. The Hiden economy is doing great (at getting back a fraction of the jobs it has already shed).
I never said any of that. The economy was pretty decent under Trump, as it was under Obama. The claims that we constantly see here and in every right-leaning media is that Trump had the greatest economy ever, while Obama destroyed the economy, which just isn't even close to being accurate.
Oh of course, of course! Trump was ok for the economy, nothing great. Hussein did MUCH better than given credit for. We all know this.
Those PSAs Hussein ran about how being unemployed was great cause then you had time for walks in the park and to get in touch with what 'really mattered'.
Got me right in the feels.
It’s amazing the economy is doing so well even though we’re in the middle of another Covid surge. Why aren’t the Trumpers using that as an excuse.
apple.news
Americans get sicker as omicron stalls everything from heart surgeries to cancer care — NPR
Slammed by COVID-19, many U.S. hospitals have put off essential procedures. Delays are leading to consequences like heart attacks and sending people to emergency rooms to get care.
Biden and Psaki can now can the Covid excuse. Now it holds no water. The fact that they are completely shocked by this number is proof they have no idea what "policies" they are doing that have any affect at all. They are bystanders. What is happening is that the economy is opening up and people going back to work is just a natural part of that. The party that has been leading the way to get this economy reopened ain't the democrats.
As you also told us last month when people were jumping on a lousy jobs number, you made sure we all knew that unemployment had decreased to 3.9. I basically said the unemployment calculation is somewhat garbage.
Now today as you tout the good jobs number, you seem to forget to tell us that unemployment INCREASED to 4%. And I still say the unemployment calculation is still somewhat garbage.
LOL. Ghost destroyed by facts once again.3 years of blowout jobs reports under Trump? Average was 177k between 2017-2019, with only two months out of 36 over 300k.
Don't get me wrong, these are fine numbers, but nothing particularly outstanding, and definitely wouldn't call them blowout reports. During Obama's second term the average monthly jobs gain was 215k, with seven months over 300k.
Bureau of Labor Statistics Data
It never gets old.
You realize that means the LPR increased, don’t you?
You must have a better figure. Perhaps you should be a government statistician.
Grandma in East Cleveland has this little worry the Trumpsters call inflation. Are we still 4 million jobs short of pre-pandemic?
Brandon still has a serious approval problem in blue states. People visit grocery stores and gas stations. Ghost gets it. NavigatorII gets economics 101.
Brandon still has a serious approval problem in blue states. People visit grocery stores and gas stations. Ghost gets it. NavigatorII gets economics 101.
On top of Labor Force Participation increasing overall in January, the participation rate for prime working age (25 to 54) is back to 82%, higher than where it was in 2017 and 2018, but just below the 83% right before Covid hit. Shows most of those leaving the labor force are 55+, likely just retiring early.
Very true. I know many that took this opportunity to retire early. That is why the second home market and retirement areas are booming.
Or it shows the business owners who lost everything in 2020 when something historic happened, are now having to re-enter the workforce, likely for the first time in decades.
So sad. But hey, their suffering was necessary to create all this amazing economic 'growth' we are enjoying now! Big picture!
Added for emphasis. In fact, many statements can be only partially true.
(Good try on the pronoun).
