SaysWho? Posted September 2, 2022 Share Posted September 2, 2022 U.S. economy added 315,000 jobs in August, a continued bright spot in the economy - The Washington Post WWW.WASHINGTONPOST.COM Quote The U.S. labor market added 315,000 jobs in August, hitting a 20-month streak in strong job growth that’s powering an economy through ominously high inflation. Unemployment ticked up to at 3.7 percent, close to a pre-pandemic low. The economy has more than recovered the 20 million jobs lost during the pandemic. Meanwhile, other indicators, such as a decline in economic output and persistent higher prices for just about everything, suggest a less rosy picture, raising questions on how much longer the hot job market can last. Economy adds jobs 315,000 in August despite slowing economy, mounting recession fears. Unemployment rises to 3.7%. WWW.USATODAY.COM The economy added 315,000 jobs in August despite slowing growth and recession worries. Unemployment rose from 3.5% to 3.7%. Quote Hiring slowed sharply in August but remained sturdy as employers added 315,000 jobs despite softer consumer spending gains, rising interest rates and a sputtering economy. The unemployment rate rose from 3.5% to 3.7%, the Labor Department said Friday. 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted September 2, 2022 Share Posted September 2, 2022 We love to see it Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted September 2, 2022 Share Posted September 2, 2022 1 hour ago, SaysWho? said: U.S. economy added 315,000 jobs in August, a continued bright spot in the economy - The Washington Post WWW.WASHINGTONPOST.COM Economy adds jobs 315,000 in August despite slowing economy, mounting recession fears. Unemployment rises to 3.7%. WWW.USATODAY.COM The economy added 315,000 jobs in August despite slowing growth and recession worries. Unemployment rose from 3.5% to 3.7%. lol, "Hiring slowed sharply" 315,000 jobs added, who approves shit like that to be written. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted September 2, 2022 Share Posted September 2, 2022 Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted September 2, 2022 Share Posted September 2, 2022 Thanks Joe! Quote Link to comment Share on other sites More sharing options...
Mr.Vic20 Posted September 2, 2022 Share Posted September 2, 2022 Joe Get'em! Quote Link to comment Share on other sites More sharing options...
outsida Posted September 2, 2022 Share Posted September 2, 2022 Let’s Go Brandon Quote Link to comment Share on other sites More sharing options...
Guest Posted September 2, 2022 Share Posted September 2, 2022 The markets have decided this isn’t enough to put them in a good mood Quote Link to comment Share on other sites More sharing options...
osxmatt Posted September 2, 2022 Share Posted September 2, 2022 This recession is brutal. Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted September 2, 2022 Share Posted September 2, 2022 4 minutes ago, sblfilms said: The markets have decided this isn’t enough to put them in a good mood Over the last couple of years I decided that markets and investors are the least rational entities on the planet. 2 Quote Link to comment Share on other sites More sharing options...
Mr.Vic20 Posted September 2, 2022 Share Posted September 2, 2022 Jesus Christ, unemployment at 3.7%?! Do you know what that means? JOE BIDEN EVEN HAS BABIES WORKING! 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted September 2, 2022 Share Posted September 2, 2022 9 minutes ago, GeneticBlueprint said: Over the last couple of years I decided that markets and investors are the least rational entities on the planet. I would say less about rational/irrational, and more that the interests of Wall Street are hire different and often even at odds with Main Street Quote Link to comment Share on other sites More sharing options...
Fizzzzle Posted September 2, 2022 Share Posted September 2, 2022 "people are lazy and don't want to work." Quote Link to comment Share on other sites More sharing options...
Jason Posted September 2, 2022 Share Posted September 2, 2022 2 Quote Link to comment Share on other sites More sharing options...
Nokra Posted September 4, 2022 Share Posted September 4, 2022 I imagine that "the right" claims this is a delayed response to Trump's actions, right? Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted September 4, 2022 Share Posted September 4, 2022 10 hours ago, Nokra said: I imagine that "the right" claims this is a delayed response to Trump's actions, right? They've basically hung their hats on the 2 quarters of GDP decreasing as we're in a recession so we're all doomed, and don't even acknowledge jobs gains. Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted September 4, 2022 Share Posted September 4, 2022 2 hours ago, PaladinSolo said: They've basically hung their hats on the 2 quarters of GDP decreasing as we're in a recession so we're all doomed, and don't even acknowledge jobs gains. What’s interesting is that, due to the composition of GDP in those two quarters, even though GDP dropped, Gross Domestic Income (which is essentially a different way of measuring the same thing, using slightly different methods ) was positive: Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted September 6, 2022 Share Posted September 6, 2022 Maybe we should allow people who are willing to work into this country…. Nah Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted September 12, 2022 Share Posted September 12, 2022 Quote Link to comment Share on other sites More sharing options...
unogueen Posted September 14, 2022 Share Posted September 14, 2022 who the fuck gives a shit. is the tail end the nurses and teachers? cus that's bleeding al ot. Quote Link to comment Share on other sites More sharing options...
Ominous Posted September 15, 2022 Share Posted September 15, 2022 1 hour ago, unogueen said: who the fuck gives a shit. is the tail end the nurses and teachers? cus that's bleeding al ot. 1 1 Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted September 15, 2022 Share Posted September 15, 2022 @eViLgReEnMoNkEySjust so you know, a ‘cratering economy’ does not produce 300+k jobs per month amidst already generationally low unemployment and falling inflation expectations. You seemed confused on this particular point last time we spoke. You can certainly argue that the president can’t really take credit (or blame) for what the economy does, but such an argument would have to accept that this principle applies to all presidents, whether you consider them ‘best president evarrr’ or ‘worstest of the worstest prezidents!!1!!’ 2 Quote Link to comment Share on other sites More sharing options...
Anathema- Posted September 15, 2022 Share Posted September 15, 2022 Republican language is distinct from American English. When we say "economy" we mean things like jobs and manufacturing that leads to wage growth. When they say economy they mean vibes fueled by jingoism and patriarchy. 1 Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted September 15, 2022 Share Posted September 15, 2022 Economy = pillows sold / discount code 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted September 16, 2022 Share Posted September 16, 2022 Seems bad! Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted September 16, 2022 Share Posted September 16, 2022 50 minutes ago, b_m_b_m_b_m said: Seems bad! The markets are either A.) anticipating the Fed to overcorrect and induce a recession or B.) adjusting to lower profit rates due to rising wage bills But lower profit rates don’t necessarily lead to recessionary conditions. So A is bad for everyone; B is arguably only bad for short-run share prices, if job growth remains strong and supply chains begin to normalize. But executives make their careers off the share-price, so any threat to it will have them screaming ‘worsening economy’. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted September 16, 2022 Share Posted September 16, 2022 4 minutes ago, Signifyin(g)Monkey said: The markets are either A.) anticipating the Fed to overcorrect and induce a recession or B.) adjusting to lower profit rates due to rising wage bills But lower profit rates don’t necessarily lead to recessionary conditions. So A is bad for everyone; B is arguably only bad for short-run share prices, if job growth remains strong and supply chains begin to normalize. But executives make their careers off the share-price, so any threat to it will have them screaming ‘worsening economy’. I believe shipping volumes are dropping. And according to twitter, fedex is the one company Greenspan would regularly watch for signs of trouble in the economy. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted September 16, 2022 Share Posted September 16, 2022 Fed "overcorrection" is unquestionably the dominant market sentiment at the moment: ‘The economy is braking hard’ and CEO confidence is miserable, says billionaire investor Barry Sternlicht WWW.CNBC.COM The economy is on the brink of a serious downturn if the Fed doesn't pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said. Quote The U.S. economy is teetering on the brink of a serious downturn if the Federal Reserve doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said. The central bank has already raised interest rates four times this year and is widely expected to hike them by 75 basis points next week in an effort to tame inflation. Earlier this week, consumer prices rose 0.1% instead of the 0.1% decline economists surveyed by Dow Jones were expecting. However, Sternlicht believes the Fed was late to the game and is now being too aggressive. “The economy is braking hard,” the chairman and CEO of Starwood Capital Group told CNBC’s “Squawk Box” on Thursday. “If the Fed keeps this up they are going to have a serious recession and people will lose their jobs,” he added. The boss of a 'Black Swan' fund warns the Fed's rate hikes could cripple markets and the economy - and cause a bigger problem than inflation MARKETS.BUSINESSINSIDER.COM Universa's Mark Spitznagel said the Fed will have to choose between defeating inflation and protecting markets and the economy. Quote The Federal Reserve's efforts to crush inflation risk sparking a collapse in asset prices, and plunging the US economy into a severe recession with painful deflation, Mark Spitznagel has warned. "If the Fed's going to try to normalize rates, they're going to bring inflation down very, very quickly, but it's also going to cause devastation," he told Bloomberg on Wednesday. Spitznagel is the cofounder of Universa Investments, a so-called "Black Swan" fund that specializes in hedging portfolios against extreme and unpredictable events. He accused the Fed of inflating asset prices for 25 years with near-zero interest rates and a loose money supply, and argued a return to its historical policies is now impossible. "I don't think that the Fed can ever normalize rates again," he said. Quote Link to comment Share on other sites More sharing options...
Anathema- Posted September 17, 2022 Share Posted September 17, 2022 When inflation is driven by greed of course the defense against stopping that is "oh but my economy" bro fuck your economy. When the aristocrats start squealing that's when you hit them again. 1 Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted September 17, 2022 Share Posted September 17, 2022 On 9/16/2022 at 8:51 AM, Commissar SFLUFAN said: Fed "overcorrection" is unquestionably the dominant market sentiment at the moment: ‘The economy is braking hard’ and CEO confidence is miserable, says billionaire investor Barry Sternlicht WWW.CNBC.COM The economy is on the brink of a serious downturn if the Fed doesn't pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said. The boss of a 'Black Swan' fund warns the Fed's rate hikes could cripple markets and the economy - and cause a bigger problem than inflation MARKETS.BUSINESSINSIDER.COM Universa's Mark Spitznagel said the Fed will have to choose between defeating inflation and protecting markets and the economy. Yeah as much as I’d like the Fed to favor their employment mandate a bit more than their commitment to 2% inflation, I have a feeling they’re just gonna plow ahead with rate increases, regardless of recession concerns. Quote Link to comment Share on other sites More sharing options...
CastletonSnob Posted September 17, 2022 Share Posted September 17, 2022 Democrats need to talk about this in their campaign ads. Show people that Democrats are better for the economy. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted September 17, 2022 Share Posted September 17, 2022 1 hour ago, Signifyin(g)Monkey said: Yeah as much as I’d like the Fed to favor their employment mandate a bit more than their commitment to 2% inflation, I have a feeling they’re just gonna plow ahead with rate increases, regardless of recession concerns. The recent statements from Fed officials have all but convinced me that they've elevated "inflation busting" to practically cult-level status. In the inflation thread, I compared it to a "crusade" or "jihad" and I stand by that characterization! Quote Link to comment Share on other sites More sharing options...
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