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nowforever

(302 posts)
40. Amazing now adding 534k jobs is a bad thing...seems big media theme
Fri Aug 5, 2022, 12:26 PM
Aug 2022

Because more jobs means more money people will spend and competition is making owners pay more for workers... and so demand goes up and supply cannot meet demand and so prices get higher and then Fed needs to raise rates to slow economy so prices don't go up. This narrative seems to be the talking point released by GOP and now is spun into a calamity of to much of a good thing is going to turn into a terrible thing. Meanwhile all the pundits were looking to jump on bad job numbers to exclaim the recession is here and inflation will kill everyone and everything. If Trump had produced these numbers they'd be throwing him a parade and we'd be hearing how fantastic this is and how nobody on earth but Trump could have made this happen. The bias is so flagrant, yet this is what happens when control of the government is your real agenda and even good news will be twisted into a fearful narrative. Greed and authoritarianism are one and the same...a few humans with money and power are the kind virus will will never tame.

Thanks a lot Biden, worst unemployment in half a century IronLionZion Aug 2022 #1
Links to some BLS Data Series Numbers and Graphs progree Aug 2022 #2
Did you mean to respond to my post? IronLionZion Aug 2022 #3
Oh go ahead and accept the data! BumRushDaShow Aug 2022 #5
I accept! IronLionZion Aug 2022 #12
.... BumRushDaShow Aug 2022 #15
Thanks! 😊😊😊 /nt progree Aug 2022 #43
... BumRushDaShow Aug 2022 #44
The OP. I threw a quick "edited to add" at the bottom a minute later explaining my mistake. I'm progree Aug 2022 #8
I see "Hiring Now" signs all over the place in Montgomery County, MD nt Samrob Aug 2022 #63
But, but but what about the recession???????!!?11? Meadowoak Aug 2022 #4
it's more nuanced than that. With the job market like this, inflation is likely not receding. Calista241 Aug 2022 #42
Holy shit! Them's some good numbers. Itchinjim Aug 2022 #6
3.5% is the all time record low! Johnny2X2X Aug 2022 #7
Sorry, not the record low progree Aug 2022 #16
Wasn't 3.5% unemployment touted by the "librull media" as the doc03 Aug 2022 #9
Low is bad, right? IronLionZion Aug 2022 #13
At the time, Slobfather's 3.5% was the lowest unemployment rate since May 1969 when it was 3.4% progree Aug 2022 #24
But now it is "are we in a recession"? nt doc03 Aug 2022 #29
Links to earlier reports: mahatmakanejeeves Aug 2022 #10
and gasoline prices dropping to over a dollar, will lower inflation JohnSJ Aug 2022 #11
The guy down the road that had a life size Joe Biden doc03 Aug 2022 #17
LOL BumRushDaShow Aug 2022 #19
Ha, ha, ha!!! PatSeg Aug 2022 #22
That is so cool! PatSeg Aug 2022 #21
Payroll levels have returned to pre-COVID levels! BootinUp Aug 2022 #14
There are still help wanted signs on about every doc03 Aug 2022 #18
From the source: mahatmakanejeeves Aug 2022 #20
Where are the half-baked twitter pundits and grandstanding politicians now? mathematic Aug 2022 #23
we need a GIF of furiously moving goalposts. lol BootinUp Aug 2022 #26
I have seen a few postd on DU but this one is a good alternative BumRushDaShow Aug 2022 #32
It was just last week the so-called financial experts were saying we were in a recession JohnSJ Aug 2022 #30
This time is different BootinUp Aug 2022 #25
The other indicator that is "different" BumRushDaShow Aug 2022 #37
No doubt Republicans telling their Corporate buddies to STOP HIRING DAMMIT!! Bengus81 Aug 2022 #27
Marketwatch BumRushDaShow Aug 2022 #28
Additional links: mahatmakanejeeves Aug 2022 #31
Links to charts and graphs from the BLS Twitter account: mahatmakanejeeves Aug 2022 #33
May/June revised upwards BumRushDaShow Aug 2022 #34
Meaning there are 556,000 more jobs than were in the June report released 7/8. progree Aug 2022 #35
Will have to see what happens next month BumRushDaShow Aug 2022 #36
Another point here is that wages can grow and that doesn't kill jobs Yavin4 Aug 2022 #38
I think we are getting it narrowed down to BumRushDaShow Aug 2022 #39
Amazing now adding 534k jobs is a bad thing...seems big media theme nowforever Aug 2022 #40
+1 BumRushDaShow Aug 2022 #41
New article by P. Krugman BootinUp Aug 2022 #45
A Not paywalled link progree Aug 2022 #47
TY. Good read. BootinUp Aug 2022 #48
Graphs BumRushDaShow Aug 2022 #50
Thanks 😊. Aug 10 (July's CPI report) will be very interesting. /nt progree Aug 2022 #57
You're welcome BumRushDaShow Aug 2022 #58
The CPI numbers are seasonally adjusted, but that can get screwed up too! progree Aug 2022 #59
Well colleges start much sooner BumRushDaShow Aug 2022 #60
The next milestone is stopping the drop in real wages progree Aug 2022 #46
Let me throw this out there BumRushDaShow Aug 2022 #53
Wage growth moves slower than CPI. Compare it to core CPI mathematic Aug 2022 #55
I can't do that. I can't compare wages to an inflation measure that excludes energy and food progree Aug 2022 #62
"Tucker's opening monologue tonight: Jobs: Do we need them?" mahatmakanejeeves Aug 2022 #49
Lol NickB79 Aug 2022 #51
The US netted more jobs this month alone than the entirety of Donald Trump's presidency. mahatmakanejeeves Aug 2022 #52
I suppose it depends how one picks the start and end points -- I have Slobf as negative jobs created progree Aug 2022 #56
I want to rec this post a gazillion times! llmart Aug 2022 #54
Fox Slammer Aug 2022 #61
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