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Can we talk about that jobs report?
- Thread starter hal9000
- Start date
It's not the overall savings, its the rate of saving vs spending how I understand itHow much do the savings of others really matter as long as my household has their sh!t in order? If there is another recession, those who have it together have even more opportunities because they can swoop in and pick up assets on the cheap.
Also, I've heard many times in the last few years that there is more in savings accounts than there's ever been
And if I'm a good saver how does that affect me
“I ride a bike; therefore oil prices do not affect me.”
I get that there are broader effects. However when I look at those who were financially stable during the housing crisis (I wasn't, lol) a lot of them lived just fine and some made out like bandits because they were able to buy houses, stonks etc during opportune times. Lots of millionaires are made during recessions as well.
“I ride a bike; therefore oil prices do not affect me.”
Just borrow more.
Americans are piling up credit card debt as they struggle to keep up with the high cost of living
Americans are piling up credit card debt as they struggle to keep up with the high cost of living.
www.cnn.com
Suddenly polls are accurate and ABC is real news.
So there’s a real issue with the economy. It’s too strong, but that’s giving us inflation thats way too high. Wages keep growing, jobs keep creating.
But inflation is worse than a slowdown, so that’s what the fed is go to give us. Housing is already dropping, retail will follow.
There is zero chance that Biden’s economy poll numbers improve anytime soon.
But inflation is worse than a slowdown, so that’s what the fed is go to give us. Housing is already dropping, retail will follow.
There is zero chance that Biden’s economy poll numbers improve anytime soon.
Employers added 517,000 jobs in January, astonishing labor market growth — The Washington Post
Employers added 517,000 jobs in January, reflecting very strong growth in the market despite tech layoffs.
apple.news
Q1 and Q2 2022 GDP were negative. That was a recession. Stock market went down. It was only 6 months, there weren't heinous unemployment numbers, inflation persisted, but we did have a recession and just because it was a shallow/mellow one for the average earned income citizen doesn't change that.
Employers added 517,000 jobs in January, astonishing labor market growth — The Washington Post
Employers added 517,000 jobs in January, reflecting very strong growth in the market despite tech layoffs.
While there is a chance for revision, this bit of news is surely going to make it to the State of the Union address.
When was the last time unemployment this low?
And yes, I acknowledge the numbers and the way they are derived are open to interpretation, but at least the way they are arrived at is consistent (as far as I know).
I think that's a pre-emptive pruning of sh!t that doesn't look like it'll pay out funded in a much lower interest environment. I mean Musk's tenure at Twitter has looked incompetent and I'm not impressed with this meta thing either.
If they called 09-onwards a "jobless recovery" that kind of implies there was just no excess bandwidth/capacity and so any desire to meet more demand has required staffing.
I believe there was a revision to the criteria/metrics of the U5, the headline rate, back in the mid 1990s.
The definition of unemployment varying from country to country always triggers the sh!t out of me when @grapedrink is off Frenchie-bashing comparing our U5 to France's, when France's unemployment is defined kind of like our U6, which is more of a labor force participation vs people between 18 and 65 not in college, deployed, etc. and eligible to file for unemployment benefits.
But to your point I am pretty sure the U6 has been higher than conventionally considered desirable for well over a decade, but the U5 rate has been quite low of late.