Blockbuster US jobs report surpasses all expectations

[CUT93]

Nothing gets passed under Biden. He by default becomes the lesser of two evils.

Before Covid Trump was screaming about the Fed raising rates. He’s a liberal when it comes to economics. When it comes to foreign policy he is George bush. Truly the worst of both parties.

I honestly can’t tell a difference between Bush, Obama, and Biden. I hate Dems for becoming neocons and I hate republicans for becoming socialist.

You can say nothing gets passed all you want, but that is obviously not true as he spent more $$$ in 2021-23 than trump did any year sans they pandemic year. The facts just don't back your assertion.
If biden wins he will have the house and possibly the senate. If trump wins, there will be more conservatives in both the house and the senate. Under no circumstances will less $$$ be spent under Biden.

 

[fatpiggy]

"The consumer price index, which measures costs for a wide-ranging basket of goods and services across the $27.4 trillion U.S. economy, is expected to register increases of 0.3% both for the all-items measure as well as the core yardstick that excludes volatile food and energy."

"On a 12-month basis that would put the inflation rates at 3.4% and 3.7%, respectively, a 0.2 percentage point increase in the headline rate from February, just a 0.1 percentage point decrease for the core rate, and both still a far cry from the central bank’s 2% target."

Big report in the morning. If we get an unexpected high print, the market is primed for a large sell off. However, that is not the most likely scenario as the whisper numbers have put CPI inline with expectations. Would be hard to imagine the government putting out a bad number prior to the elections, especially with how other economic reports have been revised in the past year or so. I bet that they would manipulate the numbers before putting out a bad number and thus an in line print (either naturally or manipulated. Either way odds are low of a sustained market sell off).


We will see what happens in the morning at 8:30 est

 

[Jjh7]

how stupid do you have to be to take this stuff at face value? it's 10x worse to turn around and celebrate it publicly when you obviously have no understanding of what constitutes the headline numbers.

it might help to have any awareness of the headline number being generated by an econometric model using limited raw data and generous assumptions. maybe you should look at the revisions to these numbers. the january number of 353k has been revised down by 97k jobs. good estimate, bls....only overshot by about 30%. the actual data resulted in downward revisions in 10/12 months for 2023. interesting, some might call that a trend. if you bother to understand anything about which you speak before opening your mouth, you might also notice the continued divergence between the establishment (headline, econometric garbage number) and household (actual household surveys) numbers that is ignored in all publications and media reporting. the household data has consistently provided a less glowing reflection of the economy. you might also actually educate yourself on the types of jobs being added - because you'd have to be an idiot to not comprehend the concept that not all jobs are equal. what that continues to demonstrate is that the only jobs being added are government jobs and hourly service jobs - and many of those are people taking on a second job because they can't afford to live on one. these are not career oriented jobs, they don't provide financial security, health benefits, or retirement planning. what it says about our country is people are living paycheck to paycheck - and the record levels of household debt, defaults on household debt, auto repos etc provides actual data that supports this narrative. there's plenty more real world data that completely disproves the media narrative celebrated by the bellends.

Nonfarm Payroll Employment: Revisions between over-the-month estimates, 1979-present

www.bls.gov

Nonfarm Payroll Employment: Revisions between over-the-month estimates, 1979-present

www.bls.gov

the jobs data is bad enough. the unemployment number is perhaps the biggest joke running. you're an uninformed idiot if you take that number seriously at this point. the unending series of assumptions built into the model to ensure it outputs a low number has bastardized it into something that only exists to reassure sycophants. you can easily add over 4% to the number off the top - the discouraged workers who've been unemployed so long they've given up hope. they used to be included until the unemployment number was inconveniently high for economists to explain. instead of seeking economic growth, they just changed the formula. the real number is in the 15-20% range, but hey...living in uninformed delusion works for some people. we call them useless idiots.

 

[Casa_del_Tigre]

So Trump is George Bush on foreign policy?

Bush invaded a country under false pretenses. What did Trump do that equates to that?

Putin would have never invaded Ukraine if Trump was President. Biden exudes weakness and the proof is in the pudding.

You’d think a successful business man wouldn’t be stupid enough to hire John Bolton….

He filled his entire cabinet with Republican war hawks. He is either pro war or the worst person in the world at hiring people. Either way he’s a loser.

 

[Casa_del_Tigre]

You can say nothing gets passed all you want, but that is obviously not true as he spent more $$$ in 2021-23 than trump did any year sans they pandemic year. The facts just don't back your assertion.
If biden wins he will have the house and possibly the senate. If trump wins, there will be more conservatives in both the house and the senate. Under no circumstances will less $$$ be spent under Biden.

Republicans aren’t conservative…

Republicans love to tread on people as long as it’s things they disagree with. Keep voting for Lindsey Graham buddy.

 

[fatpiggy]

You’d think a successful business man wouldn’t be stupid enough to hire John Bolton….

He filled his entire cabinet with Republican war hawks. He is either pro war or the worst person in the world at hiring people. Either way he’s a loser.

Seems like a totally rational line of thought. 🤡

 

[Casa_del_Tigre]

Seems like a totally rational line of thought. 🤡

Explain to me the rational trump used to hire John Bolton.

And Biden withdrew from Afghanistan, not Trump and his war hawk cabinet.

 

[fatpiggy]

Explain to me the rational trump used to hire John Bolton.

And Biden withdrew from Afghanistan, not Trump and his war hawk cabinet.

Speaking of that Afghanistan withdrawal ...... What a cluster fvck of mismanagement

 

[Casa_del_Tigre]

Speaking of that Afghanistan withdrawal ...... What a cluster fvck of mismanagement

Still haven’t explained what Trump liked about war hawk John Bolton.

 

[TigerGrowls]

Still haven’t explained what Trump liked about war hawk John Bolton.

Bolton didnt affect any policy in the Trump admin. I agree that he never should have been hired, but Trump called his own shots in foreign policy.

 

[fatpiggy]

Still haven’t explained what Trump liked about war hawk John Bolton.

Its called walk softly but carry a big stick.

 

[CUT93]

Republicans aren’t conservative…

Republicans love to tread on people as long as it’s things they disagree with. Keep voting for Lindsey Graham buddy.

I fully agree the pub party is no longer conservative. That certainly includes Graham. Outside of military support he has never been a true conservative. I did not make that claim.
What I said was if trump won it was likely there would be more conservative pubs that win their elections. Just for clarity I don't think trump is a conservative, far from it. However, most of the candidates he backs are more conservative oddly enough.
Even with all the above and what you said being true, if you have to pick the party that is closest to being conservative, no question it is the pub party.

 

[anon_gwg7wjjhm2lka]

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Yup - a brilliant way to address inflation. Without it, the fed would need to continue raising interest rates and we would not have a soft landing. Banks would likely fail and the housing market would decline sharply.

These are temporary stop-gaps that can be deported once inflation is fully under control.

 

[fatpiggy]

Bidenomics = inflation

 

[firegiver]

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in that same vein we shouldn't be sabotaging our own borrowing interest rates by shutting down the government. That exacerbates the same problem, how much debt we have. Gridlock can be a very bad thing you see.

 

[firegiver]

View embedded media

The corporations buying up all the property and land and jacking up rent and housing costs have NOTHING to do with the cost of living skyrocketing.

 

[fatpiggy]

The corporations buying up all the property and land and jacking up rent and housing costs have NOTHING to do with the cost of living skyrocketing.

You are correct. I think we discussed this in another thread and it was a rare issue that almost everyone agreed with your position. There should be limitations on large corporations like BlackRock buying up homes.

But BlackRock is not printing the money. The FED and Government are printing the money and that is the biggest cause of the cost of living skyrocketing.

 

[firegiver]

You are correct. I think we discussed this in another thread and it was a rare issue that almost everyone agreed with your position. There should be limitations on large corporations like BlackRock buying up homes.

But BlackRock is not printing the money. The FED and Government are printing the money and that is the biggest cause of the cost of living skyrocketing.

word

 

[TigerGrowls]

LMFAO!!

@nytigerfan
@dpic73



Turns out all the new jobs are part-time. And none of them are going to natives.

Last month we got yet another "blockbuster" jobs report -- this time 300,000 new jobs.

And, once again, it's BS under the surface.

We actually lost full-time jobs -- 6,000 of them.

And natives once again lost jobs. Making 6 full years of precisely zero job growth for native born Americans.

It's smoke and mirrors. And the people aren't buying it.

 

[TigerGrowls]

APRIL JOBS REPORT:

FACT: Under Biden, more foreign-born workers have joined the labor force than native-born American workers.

FACT: 777K+ more Americans are unemployed than one year ago.

FACT: Overall unemployment is at its highest in 2+ years, with unemployment increasing among Hispanic Americans, Asian Americans, veterans, and Americans without high school diplomas in April.

FACT: Permanent job losses and temporary layoffs both shot up last month — as did the number of Americans with part-time jobs for economic reasons and the number of long-term unemployed Americans.

FACT: Labor force participation still remains FAR below pre-pandemic levels.

The only way back to prosperity is re-electing President Donald J. Trump in November.

 

[dpic73]

View embedded media

APRIL JOBS REPORT:

FACT: Under Biden, more foreign-born workers have joined the labor force than native-born American workers.

FACT: 777K+ more Americans are unemployed than one year ago.

FACT: Overall unemployment is at its highest in 2+ years, with unemployment increasing among Hispanic Americans, Asian Americans, veterans, and Americans without high school diplomas in April.

FACT: Permanent job losses and temporary layoffs both shot up last month — as did the number of Americans with part-time jobs for economic reasons and the number of long-term unemployed Americans.

FACT: Labor force participation still remains FAR below pre-pandemic levels.

The only way back to prosperity is re-electing President Donald J. Trump in November.

THAT IS WHAT WE WANT DUMBASS! Remember INFLATION?

 

[TigerGrowls]

THAT IS WHAT WE WANT DUMBASS! Remember INFLATION?

I didn't ask for any of this disaster special needs person.

 

[dpic73]

I didn't ask for any of this disaster special needs person.

The only disaster is in your frontal cortex! Is your MAGA hat pulled over your eyes???

 

[dpic73]

I didn't ask for any of this disaster special needs person.

"Jamie Dimon was recently asked: “If you had to describe the US economy, how resilient is it?” His answer was unequivocal: “Basically, it's booming.” It was the first time the chairman and chief executive officer of JPMorgan Chase & Co. uttered such a superlative since he became the head of the world's largest bank almost two decades ago.

“If you look at the economy” before the Covid-19 pandemic “it was very low growth for 20 years,” he told the Economic Club of New York on April 23. “But if you look at the economy since then, it's been booming. Unemployment hit an all-time low; it's been under 4% now for the better part of two or three years.” That's a sustained rate of joblessness not seen since the 68-year-old Dimon’s elementary school days. “The American consumer, even if we go into a recession, is much wealthier than before,” he said. “Debt service ratios are very low...their home prices are up; their stock prices are up.”

Bloomberg - Are you a robot?

 

[nytigerfan]

"Jamie Dimon was recently asked: “If you had to describe the US economy, how resilient is it?” His answer was unequivocal: “Basically, it's booming.” It was the first time the chairman and chief executive officer of JPMorgan Chase & Co. uttered such a superlative since he became the head of the world's largest bank almost two decades ago.

“If you look at the economy” before the Covid-19 pandemic “it was very low growth for 20 years,” he told the Economic Club of New York on April 23. “But if you look at the economy since then, it's been booming. Unemployment hit an all-time low; it's been under 4% now for the better part of two or three years.” That's a sustained rate of joblessness not seen since the 68-year-old Dimon’s elementary school days. “The American consumer, even if we go into a recession, is much wealthier than before,” he said. “Debt service ratios are very low...their home prices are up; their stock prices are up.”

Bloomberg - Are you a robot?

Jaime Dimon is deep state

 

[dpic73]

Jaime Dimon is deep state

A deep-stater who defends Trumpers no less. You'd think they'd listen to him.

"JPMorgan Chase CEO Jamie Dimon on Wednesday praised former President Donald Trump's record and admonished Democrats to be “more respectful” of Trump's supporters, or else risk hurting President Joe Biden's reelection bid."

https://www.cnbc.com/2024/01/17/jamie-dimon-praises-trump-warns-maga-criticism-could-hurt-biden.html#:~:text=JPMorgan%20Chase%20CEO%20Jamie%20Dimon%20on%20Wednesday%20praised%20former%20President,Joe%20Biden's%20reelection%20bid.

 

[Jjh7]

so far in 2024 jobs look just fantastic. total revisions are -136k from headline numbers. so 20% of the jobs they blasted all over headlines never actually existed. just replace the bls with a room of puppies. in even better news for bidenomics, they've finally crossed the rubicon...the bls appears to have given up trying to pretend everything is great. the apr headline missed it's projection of 240k by a hair...only 65k below. i'm sure the revisions will bring even better news.

oh and if you really wanna see the strength of this bloated corpse of an economy go browse the details in the report. lfpr falling off a cliff and a total absence of full time jobs are among the highlights...turns out the "biden job growth" is simply people taking on 2nd and 3rd jobs just to afford groceries. don't worry personal debt is maxed out too. you think all those people are paying for obamacare on their own dime when they're getting their cars repo'd...given that auto loan defaults are up 30% this year, sitting about in line with 2010. but hey...at least we got billions for ukraine to launder back to our grifter class while they continue to sentence what military capable population they still have to get droned to pieces. i mean you'd think at some point maybe people might wake up and realize the amounts of money were sending to fund a war yet curiously haven't demonstrated even the slightest interest in its ending...and ask themselves why that might be?

oh and inflation is an easy one...it ain't gettin better. 1.9 trillion is tsy's gonna be auctioned in 2024 and that number only growing higher, as debt servicing interest climbs with each issuance and roll, and of course the elephant in the room that is the ballooning costs of unfunded liabilities. they're rearranging the deck chairs on the titanic at this point. barring some fundamental tech breakthrough in healthcare availability that virtually eliminates costs - a near impossibility that even if it were possible...you'd be an idiot to consider it'd be rolled out to the masses. should be clear by now the goal is the polar opposite of improving public health. that or renewable virtually free energy...another thing that would never be rolled out to the masses if it became feasible...they'd never give up the green energy money laundering scam. deckchairs on the titanic.

 

[Cocks are Number 1]

so far in 2024 jobs look just fantastic. total revisions are -136k from headline numbers. so 20% of the jobs they blasted all over headlines never actually existed. just replace the bls with a room of puppies. in even better news for bidenomics, they've finally crossed the rubicon...the bls appears to have given up trying to pretend everything is great. the apr headline missed it's projection of 240k by a hair...only 65k below. i'm sure the revisions will bring even better news.

oh and if you really wanna see the strength of this bloated corpse of an economy go browse the details in the report. lfpr falling off a cliff and a total absence of full time jobs are among the highlights...turns out the "biden job growth" is simply people taking on 2nd and 3rd jobs just to afford groceries. don't worry personal debt is maxed out too. you think all those people are paying for obamacare on their own dime when they're getting their cars repo'd...given that auto loan defaults are up 30% this year, sitting about in line with 2010. but hey...at least we got billions for ukraine to launder back to our grifter class while they continue to sentence what military capable population they still have to get droned to pieces. i mean you'd think at some point maybe people might wake up and realize the amounts of money were sending yet curiously haven't demonstrated even the slightest interest in its ending and ask themselves why that might be?

oh and inflation is an easy one...it ain't gettin better. 1.9 trillion is tsy's gonna be auctioned in 2024 and that number only growing higher, as debt servicing interest climbs with each issuance and roll, and of course the elephant in the room that is the ballooning costs of unfunded liabilities. they're rearranging the deck chairs on the titanic at this point. barring some fundamental tech breakthrough in healthcare availability that virtually eliminates costs - a near impossibility that even if it were possible...you'd be an idiot to consider it'd be rolled out to the masses. should be clear by now the goal is the polar opposite of improving public health. that or renewable virtually free energy...another thing that would never be rolled out to the masses if it became feasible...they'd never give up the green energy money laundering scam. deckchairs on the titanic.

@nytigerfan

I’m guessing you’ll dodge this one, just as you did the Biden tax plans conversation.

 

[dpic73]

@nytigerfan

I’m guessing you’ll dodge this one, just as you did the Biden tax plans conversation.

It looks like you're dodging Jamie Dimon's take above the alphabet soup you're excited about.

 

[Cocks are Number 1]

It looks like you're dodging Jamie Dimon's take above the alphabet soup you're excited about.

I read it.. big deal.

It looks like you’re not posting from your other account anymore. Guess you’re embarrassed.

 

[nytigerfan]

@nytigerfan

I’m guessing you’ll dodge this one, just as you did the Biden tax plans conversation.

Calm down Nancy.

Stop believing all of the misinformation that you see on the Fox News evening line up.

The sky is not falling. I would be more worried about your boy Trump already saying that he won’t accept the election results if he loses. And that guy was the first president in modern history to lose jobs while president.

 

[TigerGrowls]

Calm down Nancy.

Stop believing all of the misinformation that you see on the Fox News evening line up.

The sky is not falling. I would be more worried about your boy Trump already saying that he won’t accept the election results if he loses. And that guy was the first president in modern history to lose jobs while president.

NY got those msdnc talking points down.

 

[nytigerfan]

NY got those msdnc talking points down.

I have never watched MSNBC. not even a minute. But I can only imagine that they are more reputable than catturd.

 

[TigerGrowls]

I have never watched MSNBC. not even a minute. But I can only imagine that they are more reputable than catturd.

Nope. Not even close.

 

[Cocks are Number 1]

Calm down Nancy.

Stop believing all of the misinformation that you see on the Fox News evening line up.

The sky is not falling. I would be more worried about your boy Trump already saying that he won’t accept the election results if he loses. And that guy was the first president in modern history to lose jobs while president.

I work in a vast array of industrial manufacturing fields.

Yes, the economy is slowing.

 

[dpic73]

I work in a vast array of industrial manufacturing fields.

Yes, the economy is slowing.

And that's exactly what the Fed is trying to accomplish by keeping interest rates high...

 

[Cocks are Number 1]

And that's exactly what the Fed is trying to accomplish by keeping interest rates high...

Sure.

 

[dpic73]

Sure.

SMDH

"Because higher interest rates mean higher borrowing costs, people will eventually start spending less. The demand for goods and services will then drop, which will cause inflation to fall."

How Interest Rates Affect the U.S. Markets​

https://www.investopedia.com/articl...e rising,increasing rates throughout the year.

 

[nytigerfan]

I work in a vast array of industrial manufacturing fields.

Yes, the economy is slowing.

I see you’re having a difficult time these days. Please keep yourself together, especially as November approaches.

 

[Jjh7]

Calm down Nancy.

Stop believing all of the misinformation that you see on the Fox News evening line up.

The sky is not falling. I would be more worried about your boy Trump already saying that he won’t accept the election results if he loses. And that guy was the first president in modern history to lose jobs while president.

so data directly from the publishing sources is simply a fox news story. this is mental illness level of delusion. if you have absolutely no knowledge of or ability to parse the actual jobs data, it's ok to just say that.

jesus murphy have some self respect though. i mean if you can't have an expectation of yourself to be informed on subjects you claim awareness of... why waste the oxygen?

of course, no mentally deranged, nonsensical word-salad would be complete without an entirely unrelated and irrelevant mention of trump - famously the first dictator to ever be voted out of office...but if he gets back in office he will obviously never leave. if that's an actual thing you believe is at all possible, you seriously need to be in a looney bin.