Posted on 11/04/2022 7:44:14 AM PDT by Kaiser8408a
President Biden just lost one of his midterm election talking points. “The U-3 unemployment rate the lowest since (garbled) at 3.5%!” Because it now has risen in October to 3.7%.
Private payrolls added 233k jobs in October, which is a -27% decline from September’s revised private payroll figures.
The good news? Average hourly earnings growth is still positive, but fell to 3.7% YoY. But with inflation raging at 8.2% YoY, workers are getting clobbered by inflation.
Here is the rest of the story.
The Fed is now green-lighted to raise rates even higher.
Biden’s campaign promise was to unite rather than divide. But Biden has morphed into Gustaf Holst’s, Mars – Bringer of War! Both domestically and in the Ukraine.
(Excerpt) Read more at confoundedinterest.net ...
The far leftwingnuts in the “media” are still trying to make their boy, Jo Jo, look good. ROTFL!!!
Not much “Holiday” hiring this year.
Don’t believe any of these stats. Ron Klain reviewed them before release.
Using their methods is NEVER reality.
It’s starting. Christmas retail, warehouse and delivery jobs might stabilize unemployment until the end of the year. Massive unemployment will begin in earnest at the beginning of the year.
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