The Fed is going to be extremely disappointed that their policies haven't harmed enough working Americans. +263K against 200K expected and U.E. at 3.7%. There was hope the fed was going start making their rate increases less damaging, but the way the stock market is responding today, they don't seem to think that's a given anymore. https://www.cnbc.com/2022/12/01/stock-market-futures-open-to-close-news.html
Smallest job increase all year. Only good relative to expectation. Wait for 2023 layoffs to hit the fan.
Lol, 263k jobs with an unemployment rate at 3.7% is bad? How many jobs do you think should be added in those circumstances?
Heaven forbid we get any positive news on the economy when the "other" party is in power (cuts both ways).
Yeah, inflation will subside when supply starts to meet demand. The Fed is trying to make it so that demand reduces enough to meet supply. I think the idea that the Fed would continue to raise rates beyond what it already has is nuts. There's already lots of indications that inflation is subsiding in housing and energy.
I think inflation is fairly transitory here. We are already seeing it moderating. It will be at a 2 to 3 percent rate by spring if nothing crazy happens in the world. I wonder how much cryptos collapse is moderating inflation. lol
Recent headline ... 41% of small businesses say they can’t pay their November rent. comment: s***, meet fan
You just can’t stand good news when the other party is on charge, can you, yet probably consider yourself more “patriotic” than the libs on here. Good grief.
I have come to the conclusion that the "opposite" sides in this forumn would prefer nuclear annhiliation compared to the horror of one party or the other actually doing something that benefits the majority of Americans. Pretty sad, IMO.
... and some would argue we've been in an economic golden age since the tech boom of the 90s, with a few hiccups... What do you believe?
Who exactly would argue that when we went through the longest (albeit not largest) economic expansion in US history from post GFC through the Covid lockdowns, and then largely (certainly in the equities and housing markets) recovered from those lockdowns within a year?
Someone prefers to deny reality. Reminds me of what the former president said in 2016 when he was a candidate at the time. He also called the labor market data fake. After he took office in 2017, the positive data from the same source (the Bureau of Labor Statistics) calculated using the same methodology suddenly became real and credible.
