Posted on 02/07/2021 5:18:16 PM PST by simpson96
WASHINGTON (AP) — Treasury Secretary Janet Yellen said Sunday the country was still in a “deep hole” with millions of lost jobs but that President Joe Biden’s $1.9 trillion relief plan could generate enough growth to restore full employment by next year.
Republican senators argued that Biden’s proposal was too expensive and they cited criticism from Larry Summers, a treasury secretary under President Bill Clinton, that passage of the measure could run the risk of triggering runaway inflation.
(Excerpt) Read more at seattlepi.com ...
The true job creator was thrown out with the steal. Jobs and the economy will suck just like the wondrous Obama days especially since he is the puppet master now.
Of course!
Sept 2019, BEFORE Biden and the lefty Dems’ comrades in communist China intentionally allowed the virus to get here and spread like wildfire, and BEFORE the anarcho-communist ANTIFA and (also communist) so-called “Black Lives Matter” -led rioting, fires, looting, and attacks on police...
Sept 2019: New York (CNN Business) - Black unemployment fell to a record low in August [2019], helped by a jump in the number of black women on the job. The unemployment rate for black workers fell to 5.5% from 6%, according to the Labor Department data.
The previous record low of 5.9% was set in May 2018. The unemployment rate for black women fell to a record 4.4% from 5.2% in July. The unemployment rate for black men crept up to 5.9% from 5.8%. But the previous month’s rate was a record, so the rate is still near its historic low.
Unemployment among workers who identify themselves as Hispanic or Latino also fell in August to 4.2%, which matched a record low set earlier this year. ....”
The record low unemployment rate for African-Americans is undeniably good news, said Valerie Wilson, director of the program on race, ethnicity and the economy for the Economic Policy Institute. ....”
—Chris Isidore, CNN Business, September 6, 2019
And I’m the queen of England.
5.56mm
We might need India to offset CCP controlled Democrats. Trump was first to get rid of, Modi is next. Trump and Modi were on good terms, and both fought the central banks. Watch the Indian elections carefully.
“Biden*” and “plan” should never be used in the same sentence.
The Fed. gov will state ridiculous figures proclaiming
that America now has "full employment." The Democrat Party
American media will back up the lies. Every Democrat
press organ will spout the "news" from the same economic miracle Democrat Party/RINO talking points.
And the same people without jobs will still be
without employment dealing with food and fuel
prices climbing to the ceiling along with Biden's bizarre taxes
on Americans for just breathing and living.
Here comes the Common Core math again. With all the jobs the Rats
are destroying from the economy, the Labor Participation Rate will drop back to 0bola-era levels.
The “full employment” mirage will be based on a much lower denominator.
Then they will glorify themselves in another circle jerk.
What a kiss ass.
We might need India to offset CCP controlled Democrats. Trump was first to get rid of, Modi is next. Trump and Modi were on good terms, and both fought the central banks. Watch the Indian elections carefully.
———————
10 million Indian green card holder scumbags taking American jobs agree with you. Hundreds of thousands (annually) of Indian H1B, H4EAD and OPT scumbags agree with you as well.
The American IT worker or STEM graduate can *always* work in a part-time minimum wage McJob, right? It’s not only software engineers losing their jobs. Indians are starting to take jobs in insurance, finance and the medical fields. (Basically any white-collar work)
Full employment is an unemployment rate of 4 to 6.4%. We are currently @ 6.3%. Yellen doesn’t know what’s she’s doing. She just does what the globalists tell her to do.
She better tell Biden because just a couple of days ago he said it will take 10 years
Colorado pulled the same nonsense with SEB unemployment benefits. Only those currently getting standard UI benefits were counted as unemployed. Anyone getting PEUC or PUA or anyone exhausting all benefits were not counted.
So Colorado reported a rate of only 4.9% at the beginning of November. The true rate was 4x that.
Full employment for what country? India? Mexico?
In China?
I think you’re on to something.
The 6.4% only counts people getting state base benefits. 12 to 39 weeks, depending on the state. That ran out months ago (September) for most people. It did not count the 13 week extra PEUC or anyone on PUA or anyone exhausting all benefits before or on December (for most, it was End of November). People collecting that were not counted as being unemployed.
78 million lost their jobs since the lockdowns. While some were called back (at lower pay and decreased hours), many were not and were forced to take a part-time minimum wage no-benefits McJob instead of their prior full-time career position with full benefits..
Engineers working at McDonald’s and Walmart.
LOL
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