U.S. economy added 353,000 jobs in January 2024, far better than expected

[Rotadom]

Deutsche Bank just said that everything Republicans are telling you about the doomed economy is a lie

 

[DeluxAuto]

LA...Chicago...NY....percapita...look it up...

Only one you listed is a state and you only accidentally got it right.

 

[TalkToMeInSB]

What leftist will never admit is that the economy in 2020 was in the process of roaring back from a covid disaster.. The economy is slowly getting better in spite of Biden not because of Biden. Just imagine where we'd be if Biden just sat back and let things happen on it's own. The left can't point to one policy that helped the economy. The only bill they constantly refer to is the chip's act. 23 % inflation over 3 years, high food prices, high gas prices and putting a wet blanket on energy independence. The propaganda spewed from some on lit is that oil production is at an all time high, what they don't admit is that increase is due to private land production not federal leases. Now Biden want's to cut LNG production. Biden is a fool *full stop*!

Oh, that is an easy one. Look at every other country's economy in the Western world right now... They are FAR behind the US's rebound. Had Biden "sat back", the US would also be far behind. The policies of getting money to into people's hands via infrastructure stimulus, and the policies started during the pandemic (yes, your seditious boy Frump was behind some of those policies - a good thing) all helped to kick start the economy from the DEMAND side. Take note... Supply side economics is out - it does not work.

 

[RobDownSouth]

Go to any financial blog and they will explain to you the the BS the Government puts out every month. You can not have job gains when tens of thousands are being let go every month. You can not have falling gas consumption if everyone is going to work every day. No one is buying anything except on what credit is left to use. The Government puts up bogus numbers for the report <snip>

Shades of Contrifag32! LLCox starring in 'The Return of 'Cant Trust No Nigger Numbers!'

Can't have no job gains when people are let go? Why Not? Are these jobs "gone for good"?

Can't have falling gas consumption if employment is high? Do the phrases "electronic vehicles' and "work from home" have any special resonance with you?

Seriously, this is some Reichguide-class whattaboutism and borderline HisArpy-class deflection.

You're better than this, LLCox. Not much better, mind you, but better than the bottom feeders here.

 

[LLCox]

Shades of Contrifag32! LLCox starring in 'The Return of 'Cant Trust No Nigger Numbers!'

Can't have no job gains when people are let go? Why Not? Are these jobs "gone for good"?

Can't have falling gas consumption if employment is high? Do the phrases "electronic vehicles' and "work from home" have any special resonance with you?

Seriously, this is some Reichguide-class whattaboutism and borderline HisArpy-class deflection.

You're better than this, LLCox. Not much better, mind you, but better than the bottom feeders here.

Whine on, son.

 

[Sean Renaud]

Shades of Contrifag32! LLCox starring in 'The Return of 'Cant Trust No Nigger Numbers!'

Can't have no job gains when people are let go? Why Not? Are these jobs "gone for good"?

Can't have falling gas consumption if employment is high? Do the phrases "electronic vehicles' and "work from home" have any special resonance with you?

Seriously, this is some Reichguide-class whattaboutism and borderline HisArpy-class deflection.

You're better than this, LLCox. Not much better, mind you, but better than the bottom feeders here.

Honestly its not even that complicated. -10 at McDonalds +15 at Burger King= +5 or is my very crude math incorrect here?

Gas prices aren't entirely tied to any single thing and pretending they are as everybody does (myself included) from time to time is silly. Work from home, EVs, people who are working closer to home, are people going on vacations at the same rate? Theme PArks and other similar things? Normally I visit the Tar Pits every few years. Its awesome if you've never been. What's going on with Europe or was with the Middle East. I mean with the issues around Iran I wouldn't be shocked if oil/gas starts climbing again.

 

[JohnnySavage]

The Employment Rate.

 

[DeluxAuto]

The Employment Rate.

Thanks, President Biden!

 

[LLCox]

The Employment Rate.

The Government account does not include those who are of working age but have given up looking for a job and have dropped off of the unemployment compensation rolls. I am sure the Jan. downward revision will be posted here when the Feb. numbers come out. Maff is fun.

 

[ll74]

The Government account does not include those who are of working age but have given up looking for a job and have dropped off of the unemployment compensation rolls. I am sure the Jan. downward revision will be posted here when the Feb. numbers come out. Maff is fun.

And yet those numbers are available in the U6 report.

 

[LLCox]

And yet those numbers are available in the U6 report.

But you have to look for it. The FRED is not the end all be all.

 

[MajorRewrite]

The Government account does not include those who are of working age but have given up looking for a job and have dropped off of the unemployment compensation rolls. I am sure the Jan. downward revision will be posted here when the Feb. numbers come out. Maff is fun.

The link is to a graph of the labor force participation rate, which literally is the stat that includes EVERYONE of working age regardless of whether they are looking for work or not.

Try to comprehend things before posting.

 

[LLCox]

The link is to a graph of the labor force participation rate, which literally is the stat that includes EVERYONE of working age regardless of whether they are looking for work or not.

Try to comprehend things before posting.

But no

 

[MajorRewrite]

But no

But yes. You’re thinking of the unemployment rate, which doesn’t include people who aren’t looking for work.

The labor force participation rate includes everyone, specifically to show what the unemployment rate misses. That’s its entire purpose.

Isn’t learning new things fun?

 

[ll74]

But you have to look for it. The FRED is not the end all be all.

It is not released via press by the government and never has been. I've never had to look for the U6. (Which is currently at 8% up from 7.4% last year)

 

[LLCox]

But yes. You’re thinking of the unemployment rate, which doesn’t include people who aren’t looking for work.

The labor force participation rate includes everyone, specifically to show what the unemployment rate misses. That’s its entire purpose.

Isn’t learning new things fun?

It is and I am glad you are.

 

[MajorRewrite]

It is and I am glad you are.

Your obstinate ignorance is amusing.

 

[LLCox]

Start at 20:15

 

[MajorRewrite]

Start at 20:15

You posted a link to a video by a crank who has been predicting imminent disaster for years. Years. Tomorrow it’s all going down! Really! It’s gonna happen this time! Really!!

Maybe one of these years he’ll get something right.

 

[LLCox]

You posted a link to a video by a crank who has been predicting imminent disaster for years. Years. Tomorrow it’s all going down! Really! It’s gonna happen this time! Really!!

Maybe one of these years he’ll get something right.

Always what I expect from the retards. The source is always bogus except theirs. Amazing how y'all pick and choose what you want to believe from the Government. I don't believe a damn thing from Government.

 

[Sean Renaud]

Always what I expect from the retards. The source is always bogus except theirs. Amazing how y'all pick and choose what you want to believe from the Government. I don't believe a damn thing from Government.

You're not that new here. We don't call every source bogus except for ours and we go out of our way to pick sources that are beyond repute. There are sources we outright ignore. Brietbart is not to be trusted. They've been caught in too much BS. Just like I'm not gonna check again to see if this is the time Alex Jones got it right.

 

[LLCox]

You're not that new here. We don't call every source bogus except for ours and we go out of our way to pick sources that are beyond repute. There are sources we outright ignore. Brietbart is not to be trusted. They've been caught in too much BS. Just like I'm not gonna check again to see if this is the time Alex Jones got it right.

OK, you go ahead and take the opinion of a porn board member who says the source is a kook. That is the standard slam of links from people who actually have never heard of the source. I called majoredo's comment on post 38. Standard flame. I have been listening to this bloggers posts for a couple of years now and he is top of the list of the financial people I listen to. I'll not make the mistake of posting financial sources again here so don't ask.

 

[ll74]

Start at 20:15

What I've seen is a few things:
1. People expected a recession in 2023 that never happened
2. People have been waiting for an interest rate cut that hasn't happened
3. People have been expecting a massive default on loans due to high inflation and interest rates that hasn't happened.

As for another financial crisis, there will inevitably be a rebalancing of real estate investors who have been screwed by work situations change. Whether that shock results in a crisis will depend on the Fed's response and government involvement.

 

[TalkToMeInSB]

OK, you go ahead and take the opinion of a porn board member who says the source is a kook. That is the standard slam of links from people who actually have never heard of the source. I called majoredo's comment on post 38. Standard flame. I have been listening to this bloggers posts for a couple of years now and he is top of the list of the financial people I listen to. I'll not make the mistake of posting financial sources again here so don't ask.

Sooo... Have you made a bunch of money based on this guy's input?

 

[LLCox]

Sooo... Have you made a bunch of money based on this guy's input?

I stash gold and silver instead of gamble in the casino. I like to keep track of what going to hell looks like though and several economic bloggers keep me on top of things. I also get various info from the blogs subscribers commenting on their section of the country. FYI tires went up 25% in Jan.