Q4 2022: Bidenomics shows NO SIGNS of slowing down

Lowest unemployment rate since 1969

Wage growth still slowing -> less inflation

Insane positive signals.

Recession fantasizers go home devastated.

it's most likely a weird seasonal adj gone awry...people not being laid off after Xmas, that kind of thing.

I just read Fox News. There is not a single mention of this. In fact, if you search for "jobs" there is 0 such words found on the main web page.

The main story is around some hot air balloon.

The real shocker is that news like this tanks the market.

What a sick system.'

If pays ever began rising commensurate with inflation, the market would collapse

I am pleased with the job done by the Fed and the Biden administration. Other countries would kill to be in our economic position. Slowing inflation, increased GDP, record low unemployment. LFG

FJB = Fete Joe Biden

zerohedge.com

What Was Behind Today's "Wow, Wow, Wow" Jobs Report

"If it seems too good to be true, that’s because it is too good to be true — the gain is mostly due to seasonal factors and revisions to past data"

Link:www.zerohedge.com/economics/what-was-b...

Here is some good analysis into the numbers. And yes this is seasonal adjustment a data manipulation. The beat was 9 delta over expectations. Can you say cooking the books.

For perspective the US economy has lost full time jobs going back to March of 2022, that is by the government's own data.

Anyone comparing unemployment to historical data is using a BS comparison. Try to explain how unemployment is at 54 year low but labor force participation is near its lowest point 40 years.

PNU discovers baby boomers getting old.
Whats next from one of LetsRun’s geniuses??? Wait and see!!!

“Note that long-run changes in labor force participation may reflect secular economic trends that are unrelated to the overall health of the economy. For instance, demographic changes such as the aging of population can lead to a secular increase of exits from the labor force, shrinking the labor force and decreasing the labor force participation rate”

forcing grandma to look for a job to own the libs is the next idea…

well that one is easy - the aging population is retiring so. If you are 60 and your house just went up 25% you suddenly feel rich enough to live on home equity and Social Security and a 401k that has gone up massively and you retire.

The aging population has an effect on almost every piece of the economy. Never sleep on it.

Just a fantastic economy. Inflation's on the way down. More importantly, there is a 3.4% unemployment rate and over 10 million jobs have been created during Joe Biden's presidency. So much for the labor force participation rate issue. With China re-entering full economic activity recently, there's going to be a major bump in global economic activity, which will help to support this kind of expansion.

Last week’s post didn’t age well.

A couple big tech companies announce laying of 10,000 jobs for the year.

Meanwhile, we net a gain of half a million jobs in a month.

Right.
For the companies that announced layoffs, their stocks went up.

But the economy on the whole adding jobs drives stocks down.

It’s like investors reward firing people. More money for them.

^Boomers getting old

At some point the people desperately trying to spin every piece of positive news as bad have to give up.

If you are so sure all these positive signals are fake, etc, then you should be massively short the market and will soon become very rich.

I've never seen people pray so hard for a recession.

Hey Harambey, you don't need to respond under your fake name and THEN your real name. Just once is good.

Could you imagine if the Feds tried to raise interest rates on Trump? The lamentations would be incessant. There would be calls to crash Biden's balloon on Hunter's house!

Because it sends right wingers home devastated. Stay mad right wingers hahahahahaha. For all his sleepiness and gaffes, Brandon continues to dunk on you clowns hahahaha

None of us know details of the numbers, but: 1) Only the party in power care about phoney job growth numbers; 2) only the party in power care about phoney unemployment numbers.

G.D.P. and health of government bonds are important.

Biden is benefiting likely from Weapon Economics. Weapon Economics may offer sugar highs. In the long run, Weapon Economics ALWAYS fails, fails in the long run sans exception.

Man, you’re doing some mental gymnastics to make good numbers look bad because you don’t like the politics of it.