Why Americans Are So Down on a Strong Economy - WSJ (gas price, legal)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Tell the person who was laid off, on their last bottle of insulin, and they’re about to be evicted not to worry because the NASDAQ is up 10 points today.
Fortunately unemployment is low. Walmart still has $25 insulin? Maybe its' $35-40 with inflation.
Fortunately unemployment is low. Walmart still has $25 insulin? Maybe it's' $35-40 with inflation.
The BLS recalibrated all their numbers with the January report.
They do it annually every year.
They make adjustments to the data going forward. They do not go back and revise past reports.
So you cannot compare January to any previous months because you'd be comparing 2 different data sets.
revisions to the numbers is on page 4 https://www.dol.gov/newsroom/economi...t_02022024.pdf
The adjustments decreased the estimated size of the civilian noninstitutional population in December by 625,000, the civilian labor force by 299,000, employment by 270,000, and unemployment by 28,000. The number of people not in the labor force decreased by 326,000. The total unemployment rate, employment-population ratio, and labor force participation rate were unaffected.
No one *needs* to buy the latest iPhone at $1,200+.... but many do just that when they can't afford it.
It doesn't require spending $800 - $1,200 on a cell phone in order to call/text/email/take photographs/play games, etc. I pay no more than $250 and have all the same capabilities.
Consumers aren't very savvy about spending, and they are easily convinced they need the latest and greatest of everything. Not a new problem by far. It was true 4 decades ago, and it's just as true today.
And, it has nothing to do with politics whatsoever. People are enticed to want things, more things, more and more, better, better than that. Each adult is responsible for their own discretionary spending and it's up to each to stay within a budget. Many can't or won't.
...Reliable steps up the economic ladder, such as a college degree, no longer look like a good investment. War overseas, and an emboldened set of hostile nations, have made the world feel dangerous. Uninspiring leaders at home, running a government widely seen as dysfunctional, have left people without hope that America is up to the challenge of fixing its problems.
The broad reasons for America’s dim outlook suggest that even further improvement in the economy might not be enough to lift the nation’s mood. In an election year, that is shaping up as one of President Biden’s biggest impediments to winning a second term. He has received little credit so far for an economy that has foiled predictions of a recession and instead grew 3.1% in the past year, far ahead of the pace in 2022. https://www.wsj.com/economy/economy-...d=hp_lead_pos7
I didn't say they didn't go up, I corrected the breathless screams about them going up three-fold. Its just nonsense.
Price of eggs today is not $3.00, its $2.50.
69 cents times 3 is $2.31, so thank you for proving my point. And yes, they are $3 here.
Quote:
The price was $3.00 in 2015.
Not where I lived, which was CA at the time (2015).
Quote:
The price was $4.80 a year ago, so maybe things are not as bad
Ah, the old 'it's not as high as it was even though it's still high' argument, like so many did with gas prices.
'But...but the price went down 10 cents this week! Nevermind that gas in NC was $1.75 under Trump, and got up to $3.79 under Biden. Oooh,10 whole cents, down to $3.69, wow, yeah, that's SO. MUCH. BETTER.
Quote:
The chart goes back to March 1980, but I don't see 69 cent eggs. Are you talking 1960s?
I don't give a rat's ass about your chart. Wegmans, Raleigh, NC, the eggs were 69 cents for a dozen,year 2020. Would you like the store number so that you can confirm?
69 cents times 3 is $2.31, so thank you for proving my point. And yes, they are $3 here.
I gave you the price chart, so where is the disconnect? The chart went back 44 years, and the price of eggs has not been 69 cents in 44 years, so how far back do we have to go for your comparison?
It makes zero sense to compare today's egg prices to prices 50+ yrs ago. What's the point?
69 cents times 3 is $2.31, so thank you for proving my point. And yes, they are $3 here.
Not where I lived, which was CA at the time (2015).
Ah, the old 'it's not as high as it was even though it's still high' argument, like so many did with gas prices.
'But...but the price went down 10 cents this week! Nevermind that gas in NC was $1.75 under Trump, and got up to $3.79 under Biden. Oooh,10 whole cents, down to $3.69, wow, yeah, that's SO. MUCH. BETTER.
I don't give a rat's ass about your chart. Wegmans, Raleigh, NC, the eggs were 69 cents for a dozen,year 2020. Would you like the store number so that you can confirm?
Presidents have no control over gas prices. The only reason they were under $2.00 is because Covid destroyed demand. Oil went down to ridiculous lows like $39 a barrel.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
