Posted on 04/06/2024 6:22:19 PM PDT by ChicagoConservative27
Employers in the US added more than 300,000 jobs last month - the biggest gain in almost a year - as the boom in the world's largest economy continued.
The jobless rate fell to 3.8%, as most sectors, including health care, construction and the government added roles, the Labor Department said.
It marked another month of stronger-than-expected growth. Economists had forecast job gains of about 200,000.
Analysts said the strong figures could delay cuts to US interest rates.
(Excerpt) Read more at bbc.com ...
And yet I also heard that most of the jobs were part time
That’s weird. I read the U.S. lost 330,000 jobs last month. What the heck. It’s only “news.” It doesn’t really mean anything.
They can’t cut rates and sell the bonds needed to cover their deficit spending. The only way forward is up (interest rates AND inflation).
Mostly part-time jobs.
And the Labor Participation Rate shows they’re lying about the unemployment %.
“...the government added roles, the Labor Department said...”
Two major problems in only eight words. And a $trillion in new debt every 100 days. We’ll never make it to the end of the decade at this rate.
It’s just a buncha part time jobs, mostly.
“Mostly part-time jobs.
And the Labor Participation Rate shows they’re lying about the unemployment %.”
I saw that article where someone delved into the statistics and most were indeed part-time jobs.
Shut up limeys.
Shut up limeys.
Part time and government jobs. They know that high interest rates are destroying the middle clasd so they find any
reason to keep it high.
Part time and government jobs. They know that high interest rates are destroying the middle clasd so they find any
reason to keep it high.
Yup. They need to inflate away the debt. Won’t work.
In 3 years these figures have been revised downwards to the tune of a total of 1 Million jobs. Biden and his minions lie.
Lots of second jobs as side gigs. Got to hustle to keep up.
That is exactly what has occurred. Almost all were part - time.
Followed, of course, by the government making the minimum hours threshold for coverage under Obamacare 20 per week, since all of the new jobs are part-time. Eventually if you work one hour per week, the employer will be liable for healthcare.
Someday this will all come to a breaking point. And the world will be left with a bankrupt America headed by a senile old man with a grudge, who has access to the nuclear football.
They want the Fed to lower rates, "for the economy."
But a rate cut this year, would be like "dropping the reins."
I prefer maintaining the rate for this year and CUTTING FEDERAL GOVERNMENT SPENDING ON: WASTE.
- - -
H.R.4366 - Consolidated Appropriations Act, 2024
https://www.congress.gov/bill/118th-congress/house-bill/4366
This bill provides FY2024 appropriations for several federal departments and agencies. It also extends several expiring programs and authorities, including several public health programs.
Specifically, the bill includes 6 of the 12 regular FY2024 appropriations bills:
The bill also modifies the Compacts of Free Association that govern the relationship between the United States and the Republic of the Marshall Islands, the Federated States of Micronesia, and the Republic of Palau.
Making consolidated appropriations for the fiscal year ending September 30, 2024, and for other purposes.
HTML
https://www.congress.gov/bill/118th-congress/house-bill/4366/text?externalTypeCode=enr&format=xml
PDF
https://www.congress.gov/118/bills/hr4366/BILLS-118hr4366enr.pdf
TEXT
https://www.congress.gov/bill/118th-congress/house-bill/4366/text?format=txt#
Don't be surprised if Biden orders the afed to cut the rates while continuing massive deficits by the Federal Government.
We'll see 10% inflation by Election Day.
A jobs boom...
ROTF LMAO
With the populace turning 21, you’d have to add 350,000 (apx)
jobs every month just to keep the same percentage of people
employed. I’d be surprised if we’ve added even 300,000
more than once or twice in the last six months.
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