US adds 353K jobs in January, soaring past expectations

Oh the economy is great, for the wealthy.

 

Yes! It's great for them too. And this is one of the points I was making (the rest are in the OP that you didn't read). Which is that it's better for businesses to have a strong economy, than what Trump offers: tax breaks they don't need that end up producing a weak economy.

 

Very true. When jobs reports came out under the previous administration, they never cared nor questions what sectors were seeing growth.

Its difficult because trickle down economics says an economy cannot experience growth under a democrat president, so they are having trouble reconciling what is happening vs. what the MSM tells them should happen.

 

Dark Brandon proving once again that his old, pervy, senile ass is far better than mango mussolini.

 

Not really though.

Most Americans are simply passive retirement fund investors because they lack a) the time/knowledge to actively manage their own portfolios let alone trade, and b) the overall funding to pay for professional management. They haven't been trading on the extreme volatility of the past few years, they've been bagholding waiting for a turn around and that's just the ones who didn't have to exit entirely to cover the costs of Brandonflation. Thus while eventually index levels did eventually recover from Brandon's moronic policies the entire period was a complete wash for your retail investing American because the money ended up doing worse over time than it would have in even the safest of 1% bearing holdings. The entire point of investing, growth, was never achieved.

And that's just the economy from an investing standpoint. We can look at it from a wage increase standpoint, from a debt to income to asset standpoint, from a consumer purchase power standpoint, and so on, and the evidentiary conclusion is the same. The economy is good for those who have the means to be a player in it. That disqualifies about 90% of your countrymen.

 

First you said it was. Now it's "not really". Please let me know when you make up your mind.

What the hell does that have to do with thread?

When you do make up your mind, make sure your response has something to do with the TOPIC of this thread. Mods tend to delete threads when they go off-topic. I've had several I started removed. In most cases it's MAGAs like you who derail them. I'd like to keep this one alive.

Anybody who has a job is a player in it. Oh... and, BTW... Biden created 353K jobs in January alone to help those who didn't start to become "a player in it". In case you hadn't heard....

 

Someone PM @sec !

This should relieve his stress over unemployment tremendously .

 

Maybe it's just an indicator of people taking on a second, or third job to pay living expenses.
What's interesting is when one reads the actual BLM report how often the term "little change" appears. Sometimes the story is in the details. Neither the Labor Force nor Population employment changed at all.

 

I don't know "maybe" what else it's an indicator of. But I do KNOW that it's an indicator that, if people WANT to take a second or third job, they are available. That businesses that will eventually increase our GDP NEED these workers because people are consuming what they offer.

 

Obviously, you must have proof of this.

 

Does the word "maybe" confuse you?

 

This is an interesting result to contrast with a story a few days ago that reported that 2/3s of families say they're living paycheck to paycheck and that food, fuel, housing costs are still high.

 

Isn't it great how Biden found how to fix that!

 

He hasn't - those numbers were just reported.

 

Do you have the number of people who lost their job in the same quarter? I’m seeing lots of layoffs in the news.

 

i visited a RW forum, and OH MY were then offended by this jobs report. They reacted like someone slapped their faces. They were hoping for much worse, because ADP reported only 108K.

 

Because you think a bunch of underemployed people signals a great economy for everyone, but it doesn't. It signals a great economy for the wealthy.

 

How many people are underemployed?

 

Most likely, since Q4 2022, we had a net employment gain, and here’s why;

Q4 2023

Individual income tax receipts, (mainly withheld) $525 Billion

Social insurance & Retirement receipts, (mainly FICA) $377 Billion


Q4 2022

Individual Income Tax Receipts; $505 Billion

Social Insurance & Retirement Receipts; $356

SOURCE; Monthly Treasury Statement

psst; “most likely”, and a small gain.

 

Now factor in CPI.

One president had a 1.9 and the other has a 3.9..

I suppose 15 an hour is pretty good if CPI is 1.9 and also good at 3.9 if you don't eat food

 

Don't know?

 

https://www.cnn.com/videos/politics...viser-larry-kudlow-biden-recession-nn-vpx.cnn

LOL! Kudlow admits that he was wrong peddling recession doom on Fox News. Of course, the avid Fox News watchers won't notice his moment of clarity, but rather have his years of recession peddling and talking down the economy imprinted in their minds. And then, of course, the host immediately has to qualify" "I don't think you were wrong..".

This is how Fox propaganda works. Constantly tell viewers that the economy sucks when a Dem is in office, whether it's true or not. When a conservative is in office, however, it is the greatest economy ever. Who cares about facts? If the facts don't fit, just make up your own. Evidence that this works? Reading this forum every day.

 

wow, go Biden, best President ever, everyone says so... bigly historic, the last President failed us, loser, so bad, so sad!

 

Salient point! So, we are left with the one consistency, hyper partisan belly aching and the slight of hand played by the blame game while the money trickles up.

 

Wait for the turnaround in RW messaging soon: They'll start embracing the good economic news, but now it is because consumers and the market already anticipate Trump winning in November. Trump already is laying the groundwork to this rhetoric. If you live in MAGA lala land, there is nothing that you cannot rationalize.