BarryLaverty Posted February 3, 2023 Share Posted February 3, 2023 Leading to the lowest unemployment rate since 1969! Thanks, President Biden! https://theweek.com/economy/1020663/us-added-517000-jobs-in-january-per-astonishingly-strong-jobs-report Link to comment Share on other sites More sharing options...
Monte1076 Posted February 3, 2023 Share Posted February 3, 2023 4 minutes ago, BarryLaverty said: Leading to the lowest unemployment rate since 1969! Thanks, President Biden! https://theweek.com/economy/1020663/us-added-517000-jobs-in-january-per-astonishingly-strong-jobs-report What's the OVERALL gain, though? You have to get back to zero first. Link to comment Share on other sites More sharing options...
BarryLaverty Posted February 3, 2023 Author Share Posted February 3, 2023 8 minutes ago, Monte1076 said: What's the OVERALL gain, though? You have to get back to zero first. Blah, blah, blah, blah. Link to comment Share on other sites More sharing options...
DannyZuco Posted February 3, 2023 Share Posted February 3, 2023 I personally hope that more people going back to work means that less people are still living off the governments that have provided a living means for many in other states. IF people are working, they might have a stake in the economy and their neighborhoods. And as I have said in another thread, the only true unemployment number is the number of people working subtracted from the total population, every other unemployment number is a politically motivated number to make someone look good. Link to comment Share on other sites More sharing options...
EnjoyLife Posted February 3, 2023 Share Posted February 3, 2023 All the political stuff aside...job growth is certainly better than job loss no matter who is in office. Hopefully the workforce participation rate will also start trending up. Link to comment Share on other sites More sharing options...
EnjoyLife Posted February 3, 2023 Share Posted February 3, 2023 54 minutes ago, Monte1076 said: What's the OVERALL gain, though? You have to get back to zero first. I keep reading about how millions of people of prime working age have "disappeared" from the workforce. How is that possible? How do they survive? Hasn't the elevated level of govt support during the pandemic pretty much ended? Link to comment Share on other sites More sharing options...
JBizzle Posted February 3, 2023 Share Posted February 3, 2023 50 minutes ago, EnjoyLife said: I keep reading about how millions of people of prime working age have "disappeared" from the workforce. How is that possible? How do they survive? Hasn't the elevated level of govt support during the pandemic pretty much ended? Mr question too!!! Link to comment Share on other sites More sharing options...
JBizzle Posted February 3, 2023 Share Posted February 3, 2023 1 hour ago, BarryLaverty said: Leading to the lowest unemployment rate since 1969! Thanks, President Biden! https://theweek.com/economy/1020663/us-added-517000-jobs-in-january-per-astonishingly-strong-jobs-report So what did he do? Link to comment Share on other sites More sharing options...
Wild74 Posted February 3, 2023 Share Posted February 3, 2023 25 minutes ago, JBizzle said: So what did he do? He passed trillions of dollars in public spending that money makes it to a lot of companies on the public dole. Link to comment Share on other sites More sharing options...
Doomer Posted February 3, 2023 Share Posted February 3, 2023 Congrats to Brandon the miracle man! Link to comment Share on other sites More sharing options...
Sportsfanatic1 Posted February 3, 2023 Share Posted February 3, 2023 Link to comment Share on other sites More sharing options...
BarryLaverty Posted February 3, 2023 Author Share Posted February 3, 2023 46 minutes ago, JBizzle said: So what did he do? Read up, if you dare: https://www.whitehouse.gov/nec/briefing-room/2023/01/20/the-biden-economic-agenda-two-years-in/ Link to comment Share on other sites More sharing options...
DB2point0 Posted February 3, 2023 Share Posted February 3, 2023 2 hours ago, Monte1076 said: What's the OVERALL gain, though? You have to get back to zero first. Every month they release the numbers only to revise them weeks later. Water is wet Link to comment Share on other sites More sharing options...
DB2point0 Posted February 3, 2023 Share Posted February 3, 2023 2 hours ago, BarryLaverty said: Blah, blah, blah, blah. Most honest post you’ve ever typed. It’s what we all hear/read when you post Link to comment Share on other sites More sharing options...
DB2point0 Posted February 3, 2023 Share Posted February 3, 2023 2 hours ago, EnjoyLife said: I keep reading about how millions of people of prime working age have "disappeared" from the workforce. How is that possible? How do they survive? Hasn't the elevated level of govt support during the pandemic pretty much ended? Boomers retire, millineals and genZ aren’t filling the gaps. Link to comment Share on other sites More sharing options...
EnjoyLife Posted February 3, 2023 Share Posted February 3, 2023 2 hours ago, JBizzle said: Mr question too!!! If you figure it out let me know...I want in. Im sure @RETIREDFAN1 would not mind paying a little more tax to support me Link to comment Share on other sites More sharing options...
RETIREDFAN1 Posted February 3, 2023 Share Posted February 3, 2023 Just now, EnjoyLife said: If you figure it out let me know...I want in. Im sure @RETIREDFAN1 would not mind paying a little more tax to support me Link to comment Share on other sites More sharing options...
EnjoyLife Posted February 3, 2023 Share Posted February 3, 2023 58 minutes ago, DB2point0 said: Boomers retire, millineals and genZ aren’t filling the gaps. A lot of young people are also trying to make a living doing "non-traditional" work such as YouTube. Some of them do really well...but most...not so much. Link to comment Share on other sites More sharing options...
EnjoyLife Posted February 3, 2023 Share Posted February 3, 2023 2 minutes ago, RETIREDFAN1 said: I knew that would get your attention 1 Link to comment Share on other sites More sharing options...
DB2point0 Posted February 3, 2023 Share Posted February 3, 2023 22 minutes ago, EnjoyLife said: A lot of young people are also trying to make a living doing "non-traditional" work such as YouTube. Some of them do really well...but most...not so much. A lot of them think they should make $28/hour to fix coffees at Starbucks Link to comment Share on other sites More sharing options...
RETIREDFAN1 Posted February 3, 2023 Share Posted February 3, 2023 1 minute ago, DB2point0 said: A lot of them think they should make $28/hour to fix coffees at Starbucks Or flip burgers at McDonald's...... Link to comment Share on other sites More sharing options...
DB2point0 Posted February 3, 2023 Share Posted February 3, 2023 Just now, RETIREDFAN1 said: Or flip burgers at McDonald's...... That’s in a kitchen with gas stoves and fryers. It’s hot in there….. up the wages $45/hour 1 Link to comment Share on other sites More sharing options...
Monte1076 Posted February 3, 2023 Share Posted February 3, 2023 3 hours ago, EnjoyLife said: I keep reading about how millions of people of prime working age have "disappeared" from the workforce. How is that possible? How do they survive? Hasn't the elevated level of govt support during the pandemic pretty much ended? How about the tens of thousands who have been laid off recently, too? Link to comment Share on other sites More sharing options...
EnjoyLife Posted February 3, 2023 Share Posted February 3, 2023 Just now, Monte1076 said: How about the tens of thousands who have been laid off recently, too? Yeah...tough times in the "big tech" industry. In the 80s and 90s it was blue collar workers getting crushed...now it is white collar folks. My son in law does pipeline work and he has been working from can to cant. I hope all the laid off land on their feet. Link to comment Share on other sites More sharing options...
Monte1076 Posted February 3, 2023 Share Posted February 3, 2023 (edited) 14 minutes ago, EnjoyLife said: Yeah...tough times in the "big tech" industry. In the 80s and 90s it was blue collar workers getting crushed...now it is white collar folks. My son in law does pipeline work and he has been working from can to cant. I hope all the laid off land on their feet. I hope they land on their feet, too. My broader point is if you have 10,000 jobs, and those 10,000 people get laid off, to get "back to zero", those 10,000 people have to find new jobs. Zero doesn't move. When those 10,000 find new jobs, it's not (IMHO) a "gain" of 10,000. It's a "net" of 0. Edited February 3, 2023 by Monte1076 1 Link to comment Share on other sites More sharing options...
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