Biden’s economy is kicking ass right now

[raul04]

How much do you get paid to post these? I bet you'll get a raise closer to mid-terms at least that datacenter will...

 

[humminbird]

is this l'esprit de espalier/Napoleon?

 

[NkrumahWasRight Is Wrong]

is this l'esprit de espalier/Napoleon?

Only the actual Napoleon Bonaparte has more badges than him. Of course

 

[Vandelay]

The name change...

 

[-DMP-]

Saying inflation is because ppl got “free money” aka stimulus checks is not all the way true.

Covid fukking up the supply chain
Rates being near 0 for years (the real “free money”)
Along with taxes being cut
Higher demand post covid


Are all factors.

You can’t ignore the fact that two main things that are used to fight inflation (taxes and interest rate) were basically forced to be low to increase growth and prolong the post great recession bull run.

 

[ItzRailT]

My calls on the SPY and QQQ been printing for a couple weeks now.

 

[☑︎#VoteDemocrat]

How much do you get paid to post these? I bet you'll get a raise closer to mid-terms at least that datacenter will...

 

[JT-Money]

This increase definitely won't last. Especially with the biggest increase coming from the Hospitality industry.

Once hot girl summer is over these numbers will plummet.

Here's where the jobs are for July 2022 — in one chart

There was an appetite for workers particularly in the service sector, which has been grappling with labor shortages.

www.cnbc.com

Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail - 2022 M07 Results

www.bls.gov

 

[CrimsonTider]

Does this count if someone drove uber, and now signed up to deliver doordash, grub hub to afford the current high cost of living/inflation - creating 2 jobs (so 1 person is essentially working 3 jobs) ? Cause if so then these numbers are irrelevant

Did you just create a scenario just to belittle the results.

 

[Dave24]

I keep telling people Joe Biden is a top-tier President.

This dude's administration is efficient af. It's a good thing they're not evil. A Republican administration this good would really and truly have us in Antebellum times.

What other administrations in history would you say were very efficient as well? @OfTheCross

 

[OfTheCross]

What other administrations in history would you say were very efficient as well? @OfTheCross

Off the top of my head I'd say Grant, FDR, Eisenhower, and LBJ

 

[OfTheCross]

thats been the last decade tho

Lmao @ this name change

 

[☑︎#VoteDemocrat]

Lmao @ this name change

 

[TallMan_J]

fukk Joe Biden and his administration.

 

[Alix217]

I don't believe these numbers. I've been seeing story after story of mass layoffs and my former company laid off probably 40% of the workforce and companies like blockchain.com, robin hood, several companies in the mortgage industry laid off 25%+ but somehow we added 500k jobs last month? What industries were these jobs in and where are the news report prior to these 'numbers' that talk about that industry going on a massive hiring spree?

Neither do I, they probably are counting all the new PART-TIME jobs which essentially means each FULL-TIME = 2 PART-TIME

Real number is 200k-250k:

More Americans are working part-time — a potential harbinger of future jobs market instability

"Involuntary part-time workers," those in part-time positions for economic reasons, increased by a seasonally-adjusted 303,000 in July.

www.cnbc.com

• More Americans were working part-time and temporary jobs last month.
• “Involuntary part-time workers,” those in part-time positions for economic reasons, increased by a seasonally adjusted 303,000 in July.
• The metric is volatile, but could suggest labor market instability ahead.