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9th straight downward monthly revision to jobless claims.
UE ticked up to 3.9%
Inflation remains high.
But the ones still working got huge raises....for now.
The cost will get passed on and when everyone in the chain gets a raise....well that's why you have $18 McDonald hamburgers in California. Who's gonna pay that price ?
I can easily see more auto-companies looking for an exit-plan from the US in the future.
Many years ago I worked for a multi-national glass bottle maker in two different facilities, one in the plastic closure division and the other in the glass container division.
One of the Foremen, who had just spent two years in Venezuela helping to get a bottle plant there up and running, and I were talking one day and I asked why the company was building so many factories overseas and then shipping the product to the US.
His response was, "You get paid $4 or $5 an hour. They get paid that for a 10 hour day". I already kind of knew that was the reason.
9th straight downward monthly revision to jobless claims.
UE ticked up to 3.9%
Inflation remains high.
It’s all good news. Why do you think the Fed has been raising interest rates for the past year? Because inflation was too high and unemployment was too low (ie, labor shortages). This report is evidence that the strategy is finally starting to work. (Actually it started to work a while ago, as inflation has now come down to 2.4%).
Full employment is considered to be around 4-5 % unemployment. Anything lower is inflationary. A modest increase in unemployment is a good thing.
It’s all good news. Why do you think the Fed has been raising interest rates for the past year? Because inflation was too high and unemployment was too low (ie, labor shortages). This report is evidence that the strategy is finally starting to work. (Actually it started to work a while ago, as inflation has now come down to 2.4%).
Full employment is considered to be around 4-5 % unemployment. Anything lower is inflationary. A modest increase in unemployment is a good thing.
I'm sure those on the unemployment line might not agree with you..., especially those that lost their jobs as a direct result of this strike.
No, it isnt. They've revised jobless claim down every single month this year. Since they lied all year, chances are they lied this time, too. Your government lying to you is not a good thing at all.
Quote:
Originally Posted by Leo58
Full employment is considered to be around 4-5 % unemployment. Anything lower is inflationary. A modest increase in unemployment is a good thing.
Please cite your source for your full employment definition above, because I disagree. We had lower UE preplandemnic under the previous administration without the inflationary pressure, so your claim here is false to any reasonable thinking person.
It’s all good news. Why do you think the Fed has been raising interest rates for the past year? Because inflation was too high and unemployment was too low (ie, labor shortages). This report is evidence that the strategy is finally starting to work. (Actually it started to work a while ago, as inflation has now come down to 2.4%).
Full employment is considered to be around 4-5 % unemployment. Anything lower is inflationary. A modest increase in unemployment is a good thing.
I've noticed that the inflation rate goes down from one post to another,
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