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.
We can utilize the standardized liberal response from 2017-2018...."What specific item of legislation did the President have passed to create this economy"... and the BIL does not count, because that money has not even hit the streets yet?
Exactly ...If you credit Trump for employment numbers when he was President...you got to credit Biden now
It's ok because no matter how many workers you add, it doesn't impact worker wages! Even if we added a Billion workers from Ukraine (if we had that many) those workers will just do jobs that nobody wants to do!
Just helping you out with your anti-science talking points about how millions of workers from whatever country can't possibly impact wages....
You know, because in anti-science world vaccines are poison and more labor supply doesnt lower wages.
Maybe if you sacrifice an oxen it will keep labor wages high if we import 5 million Ukrainians? I mean come on they'll just do jobs we won't want to do so no impact on anything at all.
P.S. You do know the earth is round right? Just checking.
Exactly ...If you credit Trump for employment numbers when he was President...you got to credit Biden now
Yep. Just like if you blamed Bush, you have to blame Biden for high gas prices. Just like Hillary, Obama Pelosi and pretty much every other democrat did. Did you do that too?
Yep. Just like if you blamed Bush, you have to blame Biden for high gas prices. Just like Hillary, Obama Pelosi and pretty much every other democrat did. Did you do that too?
… and you’ll have to credit Biden when the gas prices come back down. Which they will.
As long as you are consistent, I’m fine with either giving credit or not giving credit to all presidents in power at the time.
The unemployment rate is now 3.8%. That's hardly "well short" of 3.5%. Considering the UE rate has been falling by 0.1 or 0.2 percentage points per month on average of late, it could reach 3.5% in 2-4 months.
The funny thing about weasel words is "could" very much also can be "could not".
I think I see all those formerly jobless claimants daily... in tent slums by the freeways. They're starting to look like the outskirts of Lagos. Their claims expired a while back.
Initial unemployment claims fell 28,000 last week to just 187,000, which is the lowest number since 1969, while continuing claims for state benefits fell to just 1.35 million, which is the lowest number since 1970. Meanwhile, there are still a record number of job openings, which means that wage growth should remain strong through the remainder of this year. Additionally, the elevated rate of inflation should draw more workers into the labor force, as savings are sourced to fuel spending, which will bring the participation rate back to pre-pandemic levels. That will further strengthen the labor market, which suggests to me that there is very little chance of recession in 2022. This is supporting the recent rebound in stock prices.
The sad part is not that they spin, it's that they have to pretend they believe their spin.
It is a fact that initial claims for unemployment insurance last week reached the lowest since 1969. No spin there - "Just the facts ma'am."
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.
