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The total number of workers claiming unemployment insurance fell to the lowest level in 50 years, the Department of Labor reported Thursday.
The number of applications claiming unemployment insurance benefits dropped by 10,000, bringing the number of applicants to 202,000, the lowest recorded number since Dec. 6, 1969, when the U.S. workforce and population were much smaller than they are today, the Department of Labor (DOL) report said.
All this, while democraps are collectively holding a national temper tantrum, and likely trying to sabotage the economy. America prevails, for the win!
Unless you normalize for a variety of factors like workforce participation, population and of course reflect on a broader trend than just a single month then it's just a meaningless bit of fluff.
Don't get me wrong, the economy is doing pretty well in general, but some of these "best in 50 years" stuff are nothing but clickbait.
All this, while democraps are collectively holding a national temper tantrum, and likely trying to sabotage the economy. America prevails, for the win!
Not sure about that. Seems like people are getting more frustrated with the good economic news mainly because their situation has not improved. More working than ever, unemployment low, but wages for most are stuck and not moving while prices have shot up since 2015.
The American economy is still pushing along (slowed some) but individual Americans still feel like they are in a personal recession of sorts. And that number is growing with new workers entering this low wage high cost of living market.
Unless you normalize for a variety of factors like workforce participation, population and of course reflect on a broader trend than just a single month then it's just a meaningless bit of fluff.
Don't get me wrong, the economy is doing pretty well in general, but some of these "best in 50 years" stuff are nothing but clickbait.
True. And the answer is not Bernie and AOC's socialist wealth redistribution, or more Chinese Solar panels shipping 1/2 way around the world on fuel oil powered ships.
Not sure about that. Seems like people are getting more frustrated with the good economic news mainly because their situation has not improved. More working than ever, unemployment low, but wages for most are stuck and not moving while prices have shot up since 2015.
The American economy is still pushing along (slowed some) but individual Americans still feel like they are in a personal recession of sorts. And that number is growing with new workers entering this low wage high cost of living market.
Who is making less and why? What fields are employees starting salaries less than before (when was before)? Are these employees now getting other benefits like healthcare?
If employers are now employing 2 part time employees to fill one full time spot we need to address why that is..
Who is making less and why? What fields are employees starting salaries less than before (when was before)? Are these employees now getting other benefits like healthcare?
If employers are now employing 2 part time employees to fill one full time spot we need to address why that is..
Less buying power, some have received 3-4% raises over that time but expenses such as rent, groceries, utilities, ect.. have outpaced those raises, therefore is a net loss of buying power. When you talk to people about economics they rarely say “I made 20 dollars now I make 22 dollars”.
What they say is “I used to cover my rent, groceries, and utilities with my wife’s check, now I need part of my check to cover it too”. Again Florida is famous for paying employees with sunshine so maybe it’s a local to the state only.
Less buying power, some have received 3-4% raises over that time but expenses such as rent, groceries, utilities, ect.. have outpaced those raises, therefore is a net loss of buying power. When you talk to people about economics they rarely say “I made 20 dollars now I make 22 dollars”.
What they say is “I used to cover my rent, groceries, and utilities with my wife’s check, now I need part of my check to cover it too”. Again Florida is famous for paying employees with sunshine so maybe it’s a local to the state only.
No, actually, I live in NY and got around a 3% raise.. and yes, cost of living raises have outpaced many job raises... People also require much more in "living" when it comes to cost of living though.. Say my Con Ed bill.. it covers 5 TV's, Wii, Xbox, heat at 72, computers, AC in the summer, sprinkler system etc.. where as years ago half of that was not considered "living" in cost of living they were extras.. Same with cell phones and cable bills (internet) which could be 500 a month for a family... these are now necessities that never were before. So before a family could get by on one salary..
I guess those employed people aren't buying iphones, cars, houses, durable goods, etc.
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