Be cautious of the stock market.
Posted on 09/03/2021 8:30:21 AM PDT by DFG
The U.S. job market saw hiring slow to 235,000 jobs in August, a sharp drop off after two strong months with the Delta variant of the coronavirus to blame.
Still, President Joe Biden said it represented good news.
'What we're seeing is an economic recovery that is durable and strong. The Biden plan is working, we're getting results,' he said at the White House Friday morning.
The unemployment rate dropped to 5.2%, the Labor Department reported Friday, but the predictions for the job market failed to meet expectations by a significant margin.
'There's no question that the Delta variant is why today's jobs report wasn't stronger,' Biden said.
Economists surveyed by Dow Jones had been looking for 720,000 new hires.
Biden addressed the job numbers in a speech at the White House on Friday before heading to New Orlands to view the damage from Hurricane Ida.
Biden used much of the speech to press Congress to pass his $3.5 trillion spending package, which moderate Democratic Sen. Joe Manchin told party members Wednesday they should take a 'pause' on.
Manchin voiced concerns about inflation, while Biden talked about how the plan would be paid for: by taxing corporations.
'The fact of the matter is, it's about time they being to pay their fair share,' Biden said.
He cited how 55 of America's largest corporations paid zero in federal taxes.
(Excerpt) Read more at dailymail.co.uk ...
Mariner wrote:
“There are at least 1 million open positions in small business alone.
But it pays better to stay home and get drunk.
And you don’t even have to pay the rent.”
And the small businesses might not be such a p.i.t.a. about shots n masks, correct?
If THIS is success. What does failure look like?
Someone please photoshop Tali-Biden’s face on Baghdad Bob!!
Please!
“might not be such a p.i.t.a.”
What is that?
55 companies pay 0 as it should be.
Employees and shareholders pay the tax.
Nice sentiment on the part of Biden's speechwriter... sadly the truth is Biden's upped inflation rates...
Hidden 'inflation tax'?
EVERYTHING WE BUY NOW COSTS MORE... so there's not a break for working Americans WE'RE GETTING SCREWED AGAIN BY DEMOCRATS LIKE BIDEN WHO TALK ONE WAY AND ACT ANOTHER WAY.
You can add tens of millions to that after the vax mandate firings.
We’re shutting down. No spending at these Prices.
That’s what’s happening.❎
Be cautious of the stock market.
If it were the Delta variant causing hiring to slow down, there were NOT be signs at every restaurant, hotel, and grocery store you got to. Walmart would not be paying college tuition to get people to work.
Its a lot of free money. The so called stimulus Biden and the dems did in February, really has impacted the job market and inflation. Now we increased “food stamps” by 25%, and added $300/month/child payments from the government.
Stopping pipelines, and drilling has driven up price of gas by $1 a gallon.
WE are in the Jimmy Carter 2.0 era... maybe worse.
They can lie all they want but the US People can’t ignore their own pocket books. They average person is having to work their ass off to cover for the stay at homes while seeing inflation significantly degrade the purchasing power of their wages
No amounted of lying by the Bidenbots in the Fake News can cover that up
Business does not pay any taxes. What they pay in taxes comes out of your paycheck either as lower pay or higher cost of goods
This is one of the big lies the Leftist clown posse has pushed since the 1960s. That some how there is a big stack of money in “the rich” or “big business” that can be taken away by your good buddies the Democrats and given to you.
There isn’t. All Business taxes do is make the business the tax collector from you for the Govt.
CNBC was on when i was at the gym and they were showing this. I watched about 1 minute and could not believe how many times this POS touches his face/mouth/nose talking in public.
It totally skeeved me out
Satire? I can hardly stomach to read the rest of this drivel.
O rly?
Dow Jones Dips As Biden Blames Bad Jobs Report On Delta, Unvaccinated; DocuSign, MongoDB Pop
MICHAEL LARKIN0
3:04 PM ET 09/03/2021
https://www.investors.com/market-trend/stock-market-today/dow-jones-falls-as-joe-biden-blames-poor-jobs-report-on-delta-unvaccinated-docusign-stock-mongodb-stock-pop/
That's exactly what it is. I read job openings are at a record high.
What I'm not sure of is if they are high paying full time jobs, or part time "Obamacare jobs" without benefits.
His plan to destroy confidence in the US by our allies and destroy the economy IS working.
It’s the Obama/Josef Stalin gambit: “The economy is good because I said it is.”
It’s reached a point now where Xiden and the left just do not give a F if they lie and people know it do they? I can watch Jen Psaki for example just tell one lie after lie after lie for 10 minutes and she just does not care one iota, and the media plays along with all this. There is reality and then there is leftist fantasy and we are expected to accept their fantasy as fact.
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