US Labor Sec just said “we blew it out of the water” on the jobs report…twice. It was really strange. Felt very North Korea’ish as the markets were crumbling on the scroll beneath her.
Hey Jess. Love what you do. Let’s be careful with these statements. S&P500 was down 18% in 2022. We are down 8% (11% including futures) YTD. I expect it to be much worse soon and agree on the sentiment. The full effects of tariffs aren’t clear yet, and I know there are other measures of economy.
I don’t want to argue and didn’t mean to chastise you but her statement needs no disclaimer unless you provide a non-stock market argument it was actually this bad under Biden/Harris.
Every time a republican gets in office, the economy tanks and it’s the democrat who comes back into office that corrects things. Don’t know when ordinary people will realize it’s only dems in office that help them
Jessica, there is no doubt the US is in the stranglehold of an utterly depraved kakistocarcy. But let’s not lose sight of the contribution of Jill Biden to this catastrophe. Joe Biden should have announced on Day 1 of his presidency that he was going to be a 1-term “caretaker” President.
MAGA will hang their hat on the jobs report. But the data does not support their celebrations. https://www.bls.gov/news.release/empsit.nr0.htm. Health Care, Social Assistance and Employees in retail returning from strike drove the job market gains.
1/ FTP (From The Propaganda):
Within government, federal government employment declined by 4,000 in March, following a loss
of 11,000 jobs in February. "(Employees on paid leave or receiving ongoing severance pay are counted as employed in the establishment survey.) "
2/ of thousands sacked in March, and as you correctly mentioned, reflects unclarified data biased by strikes. This inaccurate jobs report should fool no one, and yet, about 40% of the population will be snowed by it. It's a very glowy, intellectually dishonest report omitting key details.
Jessica, thank you for being such a strong voice of reason in one of the hardest positions. When America comes to its senses, you should be seen as a hero ♥️
Trump never really went away he was constantly causing chaos even during Biden’s presidency - Biden tried to pretend everything was still normal when it wasn’t
Comments
https://bsky.app/profile/adamkinzinger.bsky.social/post/3llyiom2g7c22
Them: Billionaire don't care.
*yeah, I intentionally referenced a “beer” that tastes like piss.
Within government, federal government employment declined by 4,000 in March, following a loss
of 11,000 jobs in February. "(Employees on paid leave or receiving ongoing severance pay are counted as employed in the establishment survey.) "
Curious, it ignores the tens
- Based Philosopher -
So we all know the stocks are dipping, but could we elaborate on how the main street economy is doing. Thanks, you're the best :)