Posted on 09/05/2019 7:14:57 AM PDT by Moonman62
Company payrolls surged by 195,000 in August, well above Wall Street estimates and at a time when fears have been growing about a looming recession, according to a report Thursday from ADP and Moody’s Analytics.
Economists surveyed by Dow Jones had been looking for a gain of just 140,000 following July’s 142,000, which was reduced downward by 14,000 from the original count. August’s growth was the best showing since the 255,000 added in April.
The numbers come amid speculation that the decade-long economic expansion is coming to an end. The New York Federal Reserve puts the chance of a recession at 39% in the next 12 months, the highest level since the Great Recession that ended in mid-2009.
“Businesses are holding firm on their payrolls despite the slowing economy,” Mark Zandi, chief economist at Moody’s, said in a statement. “Hiring has moderated, but layoffs remain low. As long as this continues recession will remain at bay.”
(Excerpt) Read more at cnbc.com ...
It sounds like while there is massive hype going....the numbers don’t equate to what would be a normal recession. If anything...it’s probably a brief slowdown period, and within six months...take off again. Well...unless you were China.
More dire news. Liberals on suicide watch.
There is no recession. The economy is fine.
So why is there so much pressure to cut rates??
fears have been growing about a looming recession
The only people with these so-called fears is the FAKE NEWS MEDIA trying to SELL IT!!!
“Unexpected”
“Despite recession fears”
FU CNBC
So why is there so much pressure to cut rates??
...
Because the Fed is manipulating short term rates to be higher than what the market would charge.
They are preventing the economy from being better.
That is because fearing recession these days is a bit like fearing global warming.
Cutting rates will help PREVENT a dreaded recession. The only downside to cutting rates is a possible increase in inflation, which is currently quite low.
fears have been growing about a looming recession
...
The Federal Reserve is trying to cause a recession, and countries outside the United States may already be there.
The Pressure is coming from The Donald.
And rightly so. He doesn’t want the Deep State Jackals at the Fed undermining his re-election campaign; so he has successfully jawboned them into cutting rates.
Heck YES! MAGA proves them wrong over and over and over again.
Great news like this is sure to make the ghouls at MSNBC miserable.
Company payrolls surged by 195,000 gloom and doom media kicks dogs and slaps kids plan not working.
Exactly. From my perspective, the economy looks great. I get headhunters approaching me with projects every day. I certainly wasn’t getting that during the Obama economy.
Cutting rates will help PREVENT a dreaded recession. The only downside to cutting rates is a possible increase in inflation, which is currently quite low.
...
Good post.
Inflation is almost always triggered by damage to the supply side of the economy. Look at Zimbabwe and Venezuela.
The Federal Reserve is lying when they say that economic growth causes inflation.
Any comments from Bill Maher?
How about Krugman?
So Richard Trumka is LYING about the real wage gains that blue-collar and other wage employees have been the recipients of over the past two years or so?
Why would he do that? Democrats would certainly have not provided any real-wage increases to the working class, what with layoffs due to rising taxation on corporate “profits” and strangling regulations, the decrease in value of the purchasing power of the dollar through swift inflation, and the GUARANTEED escalation of health care costs because of the “Patient Protection and Affordable Care Act of 2010”, which neither protected patients nor provided affordable care in any way, shape, form or manner.
If organized labor, along with the much more free “right to work” workers who do NOT belong to unions, would take an objective look at the very real economic gains that President Trump has provided to the nation as a whole, they would ditch the Democrat party, as it is now constituted, preemptively and overnight.
Elizabeth Warren and Bernie Sanders should not be catching a break anywhere they go. And Joe Biden is just goofy to the point of exhibiting signs of senility.
The only “recession fears” are in the minds of the democrat-medial who are afraid there won’t be one, as they fine well know.
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