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Post by cadman on Jun 30, 2023 9:37:00 GMT -5
From what I hear on the radio salary although up has lost 3% due to inflation. And more people are now carrying credit card debt. Fewer people have any emergency funds. You are correct, but you need to look at the time periods they use. Until April 2021, wages were outpacing inflation. Then the inflation spike hit and inflation outpaces wages until February of this year and now wages are growing faster than inflation. Since most reports are going to use year end 2022 numbers, income would have lost 3% against inflation. Go to the current month numbers and it is a lot closer and will likely continue over the next several months and wages will pass inflation. Neither are straight line graphs. Credit card debt had peaked in 2009 and then fell until 2014 when it started climbing again. Even in the robust years of 2017 to 2019, credit card debt increased, Credit card debt took a big jump due to the Covid pandemic in early 2020 with many people unable to work. The lived off credit, it took a slight downturn last half of 2020 and 2021 due to government stimulus money and then started increasing in 2021 with the growth in inflation. There are signs that credit card debt may have reached a peak presently and unless there is a downturn in the economy, it will likely start to decrease. Wage and inflation growth. www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/Debt www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2023Q1 |
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Post by misterjr on Jul 1, 2023 11:01:53 GMT -5
America’s Hot Labor Market Fuels Job Growth in Unexpected PlacesPayroll increase extends to building, home selling and automakingThe U.S. labor market is showing surprising pockets of strength as companies directly in the crosshairs of rising interest rates hold on to or add workers. Builders, architects and engineers, real-estate agents, vehicle manufacturers and other businesses typically sensitive to higher borrowing costs have increased employment during the opening months of 2023. Those job gains, along with much larger increases in industries still trying to claw back workers lost during the pandemic, have added up to almost 1.6 million jobs in the first five months of 2023, outpacing economists’ forecasts. The strong job gains come despite companies and consumers facing higher borrowing costs. Construction employment has been one of the biggest surprises in recent months. In the past, builders have been hit especially hard when interest rates rose. But employment in residential construction has merely leveled off in 2023, while industrial and infrastructure businesses gallop ahead. www.wsj.com/articles/americas-hot-labor-market-fuels-job-growth-in-unexpected-places-6dc5c0c6?mod=hp_lead_pos5
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Post by olmucky on Jul 1, 2023 13:03:01 GMT -5
Job cuts in 2023, with Amazon, Alphabet, Microsoft, Salesforce, Dell, IBM, SAP, Paypall, Wayfair, and Yahoo each reporting workforce reductions. In fact, three of the largest individual rounds of layoffs since the onset of the COVID-19 pandemic having taken place in January.
Disney announced it plans to cut 7,000 jobs and $5.5 billion in costs as part of a vast restructuring initiative that would see it split into three new divisions: Disney Entertainment, an ESPN division, and a Parks, Experiences and Products unit
Att is looking to reduce its workforce by 15000 in its latest move while bringing workers back into the office
Multinational investment bank Goldman Sachs has announced it plans to cut 3,200 jobs, or 6% of its workforce, making this one of the biggest rounds of layoffs it has implemented since the financial crisis of 2007–2008.
BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers.
3M announced it will lay off 2,500 manufacturing jobs.
Etc
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Post by misterjr on Jul 1, 2023 14:24:31 GMT -5
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Post by pinman on Jul 1, 2023 18:06:36 GMT -5
America’s Hot Labor Market Fuels Job Growth in Unexpected PlacesPayroll increase extends to building, home selling and automakingThe U.S. labor market is showing surprising pockets of strength as companies directly in the crosshairs of rising interest rates hold on to or add workers. Builders, architects and engineers, real-estate agents, vehicle manufacturers and other businesses typically sensitive to higher borrowing costs have increased employment during the opening months of 2023. Those job gains, along with much larger increases in industries still trying to claw back workers lost during the pandemic, have added up to almost 1.6 million jobs in the first five months of 2023, outpacing economists’ forecasts. The strong job gains come despite companies and consumers facing higher borrowing costs. Construction employment has been one of the biggest surprises in recent months. In the past, builders have been hit especially hard when interest rates rose. But employment in residential construction has merely leveled off in 2023, while industrial and infrastructure businesses gallop ahead. www.wsj.com/articles/americas-hot-labor-market-fuels-job-growth-in-unexpected-places-6dc5c0c6?mod=hp_lead_pos5 Thats some funny shit! As soon as I read " real estate agents" I knew it was a total farce. A "real estate agent" is in no way, shape, or form "employment". |
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Post by garycoleco on Jul 2, 2023 9:17:33 GMT -5
Biden isn't a dumbfuck he's a genius. He's a savior for dumbfucks. They saddled their horses to him and now they're on a ride of their lives hoping to get off. They also think that doubling down will slow that horse, but hes incoherent and deaf.
That said we're getting exactly what we deserve. We've made the mess. Hopefully those dumbfucks who are paying $2k to rent a Shotgun house wake up. Doubtful
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Post by luapnor on Jul 5, 2023 17:49:20 GMT -5
It's an indisputable fact that inflation is down, and still trending down. Criticize all you want, but please stop ignoring reality. It's not a great look. Talk about ignoring reality... "inflation" might be down and some of the inflated might be down but the majority of the inflated is killing the poor and dramatically harming the middle class.
Claiming inflation is down as some huge positive is like saying you beat your wife less so she should be happy.
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Post by luapnor on Jul 5, 2023 17:51:39 GMT -5
yeah that's it, it just happened to start in 2020. lol It was green lighted by the current drooling pants shitter. Plus add in Trillions and trillions of printed money in a very short period of time. |
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Post by luapnor on Jul 6, 2023 11:54:02 GMT -5
Bidenomics in action....
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Post by Captj on Jul 6, 2023 20:54:34 GMT -5
Let's not confuse the facts with unsubstantiated rhetoric.
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Post by biminitwisted on Jul 7, 2023 12:39:49 GMT -5
The US private sector added 497,000 jobs last month. More than double expectations.
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Post by whitebacon on Jul 7, 2023 12:58:20 GMT -5
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Post by whitebacon on Jul 7, 2023 13:02:24 GMT -5
The US private sector added 497,000 jobs last month. More than double expectations. You cherry picked a debuncked bullshit number from ADP. Your game is getting weak bro. |
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Post by biminitwisted on Jul 7, 2023 13:02:32 GMT -5
I stand corrected, as ADP jumped the gun. But it's still pretty good. |
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Post by luapnor on Jul 9, 2023 19:23:01 GMT -5
The US private sector added 497,000 jobs last month. More than double expectations. 452,000 increase in part time jobs.
Still 2,000,000 less employed than Trump's last year on office.
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Post by cadman on Jul 9, 2023 20:45:17 GMT -5
The US private sector added 497,000 jobs last month. More than double expectations. 452,000 increase in part time jobs.
Still 2,000,000 less employed than Trump's last year on office.
Trump's last year was 2020 and the number are way above that. It is more than 2019. |
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Post by whitebacon on Jul 10, 2023 15:05:20 GMT -5
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Post by nuevowavo on Jul 11, 2023 14:55:29 GMT -5
Money market and bond mutual funds, foreign countries, private citizens, insurance companies, pension funds...
If there is more supply compared to demand for new Treasury bonds, yields will rise to the point where they can be absorbed by the market. So far most of the new debt is short -term.
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Post by whitebacon on Jul 11, 2023 15:38:56 GMT -5
Money market and bond mutual funds, foreign countries, private citizens, insurance companies, pension funds...
If there is more supply compared to demand for new Treasury bonds, yields will rise to the point where they can be absorbed by the market. So far most of the new debt is short -term.
Ok, I can agree there are many different purchasers.....still a trillion seems like a lot to absorb in just weeks....of new debt, not refinanced debt. Further, how does it makes sense to issue short term with a flat or even slightly inverted yield curve. Interest rates seem likely to rise further at least in the short term. I shutter to think about the annual debt service going forward, just the % of budget is mind boggling. |
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Post by dragonbait on Jul 12, 2023 11:11:36 GMT -5
12th consecutive month of declines, and inflation reaches 2 year low.
Getting closer to that 2% Fed target, and on pace to beat their projection of 3.9% for the year
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Post by OhMy on Jul 12, 2023 12:30:20 GMT -5
12th consecutive month coming down from a 40 year height on inflation.
I sure miss the prices under the Trump admin.
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Post by OhMy on Jul 12, 2023 12:33:37 GMT -5
12th consecutive month of declines, and inflation reaches 2 year low. Getting closer to that 2% Fed target, and on pace to beat their projection of 3.9% for the year Here is a good website to calculate inflation www.usinflationcalculator.com/Here are the results before and after Biden. Attachment Deleted |
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Post by nuevowavo on Jul 13, 2023 15:14:58 GMT -5
12th consecutive month of declines, and inflation reaches 2 year low. Getting closer to that 2% Fed target, and on pace to beat their projection of 3.9% for the year Here is a good website to calculate inflation www.usinflationcalculator.com/Here are the results before and after Biden. View Attachment
Curious as to how inflation is Biden's fault, and what the R's have proposed to bring it down. And why the post-pandemic inflation is a world-wide phenomenon.
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BIDENOMICS
Jul 13, 2023 15:18:27 GMT -5
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Post by tonyroma on Jul 13, 2023 15:18:27 GMT -5
Come on Nuevo, everything bad is Joes fault, and anything good is an accident.
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BIDENOMICS
Jul 13, 2023 15:39:52 GMT -5
via mobile
Post by conchydong on Jul 13, 2023 15:39:52 GMT -5
I want to ask a serious question to the Democrats here. Do you honestly think that Joe is running the government?
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Post by bottom feeder on Jul 13, 2023 15:52:36 GMT -5
Joe couldn't operate a rubber machine even if you put the quarter in for him.
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Post by biminitwisted on Jul 13, 2023 16:31:30 GMT -5
Joe couldn't operate a rubber machine even if you put the quarter in for him. Yet he got the Debt Ceiling passed, along with The Inflation Reduction Act, The Infrastructure Law, the CHIPs Act, and The PACT Act, just to name a few. I'll take another six years of that. |
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BIDENOMICS
Jul 13, 2023 16:33:04 GMT -5
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Post by Deleted on Jul 13, 2023 16:33:04 GMT -5
I want to ask a serious question to the Democrats here. Do you honestly think that Joe is running the government? No he isn’t. BUT - the big question is WHO IS? |
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Post by ferris1248 on Jul 13, 2023 16:40:55 GMT -5
The bureaucracy. Always have. Present Prez and congress have some influence but they gave up control so thy couldn't be blamed for decisions made.
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BIDENOMICS
Jul 13, 2023 17:47:39 GMT -5
via mobile
Post by tonyroma on Jul 13, 2023 17:47:39 GMT -5
No President runs the country, a team of advisors runs shit, President is the mouth piece. You really think Trump was up on policy and legislation? They ask some wonk “ is this a good thing “ and then they sign it.
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