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The Biden Economy: Challenger Job Cuts UP 176% YoY, Q1 Nonfarm Productivity Falls -2.7% QoQ, Unit Labor Costs Almost Double To 6.3% QoQ, Inflation Strengthens (Fed Pausing Rate Hikes Then Cutting)
Confounded Interest ^ | 05/04/2023 | Anthony B. Sanders

Posted on 05/04/2023 6:28:36 AM PDT by Kaiser8408a

Biden loves to brag about the greatest economy in history! Sure Joe. Life during Biden.

Challenger jobs cuts in April were 176% year-over-year. Non farm productivity in Q1 fell -2.7% QoQ. And unit labor costs in Q1 almost doubled to 6.3% QoQ, almost doubled from the Q4 2022 figure of 3.2%.

At least The Fed is going to pause it manic rate hikes. Then begin dropping them again.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: biden; economy; fed; inflation
Biden is ruining the country.,
1 posted on 05/04/2023 6:28:36 AM PDT by Kaiser8408a
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To: Kaiser8408a

Another one from just this morning:

Fox News:

“Jenny Craig to close its doors, lay off employees”

1,000 more people are about to lose their jobs.


2 posted on 05/04/2023 6:37:17 AM PDT by Bon of Babble (What did Socialists use before Candles?..... Electricity)
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To: Kaiser8408a

Biden is ruining the country.

************

Systematically.


3 posted on 05/04/2023 7:04:17 AM PDT by Starboard
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To: Starboard

done on purpose, as was the scamdemic.....


4 posted on 05/04/2023 7:06:53 AM PDT by cherry
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To: Kaiser8408a

“At least The Fed is going to pause it manic rate hikes.”

************

And allow inflationary pressures to persist.

The Fed has painted itself into a corner.

The government supplied much of the “paint”.


5 posted on 05/04/2023 7:11:35 AM PDT by Starboard
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To: Kaiser8408a

Remember Fed Chair Powell told the fake Ukrainian that there would be TWO more rate hikes before a pause. (That was before yesterday’s hike, so there will be ONE MORE RATE HIKE)


6 posted on 05/04/2023 7:12:50 AM PDT by G Larry ( DEI = Division + Erroneous Indoctrination)
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To: cherry

No one could do this much damage without a plan.

If its bad for America, Biden is all for it.


7 posted on 05/04/2023 7:13:06 AM PDT by Starboard
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To: G Larry

+1

Powell lies so much its hard to tell if he lied to the fake Ukrainian or to us.


8 posted on 05/04/2023 7:14:34 AM PDT by Starboard
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To: Bon of Babble

That’s probably people using Ozempic off-label for weight loss instead of paying Jenny Craig.


9 posted on 05/04/2023 5:14:52 PM PDT by grey_whiskers ( The opinions are solely those of the author and are subject to change without notice.)
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