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North American economy in retreat

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3 months 2 weeks ago #128352 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
Gambler, you had the right direction.

The economy does not look good when you see where the jobs came from and where they were lost

Government jobs grew by 52,000, mostly through increases in local government jobs, while the healthcare sector added 38,000 jobs in December. Social assistance added 21,000 jobs while construction employment added 7,000 jobs. But transportation and warehousing shed 23,000 jobs in December.

Wage growth at 0.4% so inflation looks to continue?

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3 months 2 weeks ago - 3 months 2 weeks ago #128350 by ron
ron replied the topic: North American economy in retreat
Wrong alexgreat,

"The last jobs report of 2023 showed that the US economy added 216,000 jobs in December, capping off a robust year for the labor market."

www.cnn.com/business/live-news/markets-j...er-010523/index.html

Bidenomics Is Real Economics

time.com/6343967/bidenomics-is-real-economics/

Like Reaganomics before it, Bidenomics is largely an argument over economic cause and effect. Bidenomics argues that a large and thriving middle class is the primary cause of economic growth. “When the middle class does well, everybody does well,” the President has repeatedly explained. This is the core proposition of Bidenomics: that prosperity grows from the bottom up and the middle out.
Last Edit: 3 months 2 weeks ago by ron.

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3 months 2 weeks ago #128349 by alexgreat
alexgreat replied the topic: North American economy in retreat
I think a surprise to weak side, so 150k

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3 months 2 weeks ago #128348 by Gambler
Gambler replied the topic: North American economy in retreat
U.S. Labor Department is slated to publish at 8:30 AM ET, are seen cooling to 170K in December from the 199K estimate in the prior month.

I am guessing 190k

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4 months 1 week ago #128332 by alexgreat
alexgreat replied the topic: North American economy in retreat
Gambler, you were in the right directions, jobs came in at 199K and the unemployment rate dropped to 3.7%, it was expected to b 3.9%

And more inflationary, was earnings that increased at a 4% rate

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4 months 1 week ago #128329 by Gambler
Gambler replied the topic: North American economy in retreat
Economists see the U.S. economy adding 180K jobs last month, up from the 150K estimated for October, while the unemployment rate is expected to remain at 3.9%.

I guess 220k

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6 months 2 weeks ago #128252 by ron
ron replied the topic: North American economy in retreat
US job growth heated up in September, adding 336,000 positions, according to data released Friday by the Bureau of Labor Statistics.

cnn.it/3LQIEnb

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7 months 1 week ago #128219 by ron
ron replied the topic: North American economy in retreat
David Brooks is republican, covid19 caused the prices for goods and services to rise, the federal reserse increases interest rates to tame inflation.

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7 months 1 week ago #128217 by alexgreat
alexgreat replied the topic: North American economy in retreat
NY Times leans pretty far left. Moving jobs from China is really just a continuation of Trumps America First thing. Bidenonomics has resulted in high inflation and interest rates. I don't call that a success

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7 months 1 week ago #128215 by ron
ron replied the topic: North American economy in retreat
Interesting article, too bad many people are refusing to see the positive.

As the Chinese economy deflates, American industry is looking less hollow. America has had a net gain of 530,000 manufacturing jobs since January 2017.

The American economy, especially in the Midwest, is kind of like that. Many of those places have experienced economic decline, but governments and people have shifted and adapted, and they are bouncing back.

The second lesson I draw is that Bidenomics is working — big time. President Biden promised to help America outcompete authoritarian China and to heal some of the economic divides at home. Both those goals are being achieved.

I know many of you think Biden is too old, but I’d vote for a 100-year-old who could keep delivering results like that.

www.nytimes.com/2023/09/07/opinion/econo...OsfAw&smid=url-share

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10 months 2 weeks ago #128143 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
And the winner is Gambler

U.S. hiring accelerated in May as employers added a booming 339,000 jobs and the labor market continued to shrug off high interest rates and persistent inflation.

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10 months 2 weeks ago - 10 months 2 weeks ago #128142 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
I am with gambler and go 255k, I think numbers out at 8.30, very soon we will see
Last Edit: 10 months 2 weeks ago by GoldnBoy. Reason: typo

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