Chris- Posted December 2, 2022 Share Posted December 2, 2022 November Employment Report Shows U.S. Economy Added 263,000 Jobs WWW.WSJ.COM Jobless rate remains at 3.7%, signaling continued strength in the labor market Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted December 2, 2022 Share Posted December 2, 2022 Naturally, the stock market dropped on this news. 3 1 Quote Link to comment Share on other sites More sharing options...
Brian Posted December 2, 2022 Share Posted December 2, 2022 My wife accepted a new job yesterday. It’s her second job this year. Her salary has increased 45% yoy. 2 4 3 Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted December 2, 2022 Share Posted December 2, 2022 Combine this with GDP growth of 2.9% last quarter, and uhhhh things seem good? Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted December 2, 2022 Share Posted December 2, 2022 11 minutes ago, PaladinSolo said: Combine this with GDP growth of 2.9% last quarter, and uhhhh things seem good? Yes, but so few people out of work means greater competition for the available workers which means higher wages which eats into corporate profits and we just can't have that. 1 2 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted December 2, 2022 Share Posted December 2, 2022 The GDP number is pretty much the flip side of the recession of earlier this year. Mostly a product of the trade deficit shrinking, which is pretty inconsequential to the broader economy. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted December 3, 2022 Share Posted December 3, 2022 9 hours ago, sblfilms said: The GDP number is pretty much the flip side of the recession of earlier this year. Mostly a product of the trade deficit shrinking, which is pretty inconsequential to the broader economy. Yo momma 1 Quote Link to comment Share on other sites More sharing options...
Massdriver Posted December 3, 2022 Share Posted December 3, 2022 The stock market was basically flat by the close, but initially dropped because the report indicates the job market is still fairly strong and the Fed is trying to tap the brakes to bring about price stability. That could means more rate hikes and a longer period of time that rates are left high. Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted December 3, 2022 Share Posted December 3, 2022 41 minutes ago, Massdriver said: The stock market was basically flat by the close, but initially dropped because the report indicates the job market is still fairly strong and the Fed is trying to tap the breaks to bring about price stability. That could means more rate hikes and a longer period of time that rates are left high. Just keep this bear market going so I can keep buying discounts. Quote Link to comment Share on other sites More sharing options...
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