March Job reports crushes ecpectations!!!
Comments
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Even FOX is trying to give the credit to Daddy for this jobs report. Good luck the rest of the way, ladies.
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It's interesting having lived through the guns and butter program of the dems and LBJ, followed by Dick Nixon's love of regulation and dealing with a tax and spend dem Congress resulting in wage and price controls (which worked as well as you would think they would), then Carter's stagflation I recognize a good economy when one showed up under Reagan. When you have collapsing mortgage rates, collapsing gasoline prices, real job creation with family wage full time jobs you could feel that it was "Morning in America" and the dems and the MSM stopped calling it Reaganomics. The feeling was similar with Clinton with a republican Congress. Today, the dems and the MSM have stopped with the Bidenomics because it's now a slur. With open borders, skyrocketing energy prices and the dem focus on DEI and trannies it is not "Morning in America". Buck has no idea what a healthy growing private sector economy actually feels like.
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Trust me,I do know. When my effing net worth has quadrupled, thats a healthy private economy. It sounds like now everyone else on this board has a similar experience now (I had to beat it out of you guys). But then again, i'm not a dipshit.
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Everyone on this board isn't exactly a representative of tens of million of private sector employees. Hope that helps. Like I said, I've been through a healthy growing economy and this isn't one.
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I’d wait for the revision in 30 days before dancing in the end zone.
While the numbers aren’t terrible, the underlying indicators do not resemble a healthy economy. A resilient economy? Maybe.
But zero MFG growth, and the entirety of gains being in government and part time employment do nothing to suggest that we are doing well.
Unless you think it’s a good thing to have a nation of federal employees and Uber drivers.
Watch the layoffs….
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If your adjustments are always in one direction, your model needs to be examined.
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I think they actually revised February numbers slightly upward after the December/January revision bloodbaths.
Regardless we are losing badly on the following:- inflation
- MFG jobs
- Gdp/Fed spending
- PSFTE
- Energy/grocery costs
- New home construction/purchases
- CPI
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We've done poorly on manufacturing jobs for 50 years
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You guys said that about last month's report and the revision was upwards. Revisions work both ways yo.
On the inflation point, according to the latest report, wages grew 4.1 on an annual basis which means it outgrew inflation. Thoughts?
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Free trade agreements Bill. You could manufacture here in the US, but then you'd complain about the rising price of goods as a result. Which of those two things do you want?
