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.
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.
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.
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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#
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.
Like I mentioned in a post two months ago we can’t trust government number from now to the election.
Employment numbers will be good for the next decade, with a huge global “die off” that it is inevitable because of demographics. Any company that wants to survive better get the labor, train the labor, and quit bitching about the labor they have to deal with.
However, because of cheap money policies for 15 years and globalization policies(foreigner supremacy)over the last 40 years.
We have a lot of bloated fat that will need to be “worked off” in the North American economy. Most of it in current real estate valuation, which are currently ridiculous.
I do believe the construction numbers are high. Just drove from. Orlando to Miami for a cruise and construction of roads and homes are everywhere.
And Yahoo had a story about the SAHM Rule being triggered in 20 States because of high unemployment - and signaling a active recession...
Eight million people were thrown off their health insurance plans. Five million were forced to sign up for Obamacare. Normal people would say that was a loss of three million people. Radicals would say five million people signed up for Obamacare.
Same principle.