CNBC: US economy added 242k jobs in February, better than expected

[Sir Mohamed]

The Biden economy continues to suck.

https://twitter.com/CNBC/status/1633480510444916736

[Yoda]

This recession is killing me :/

[President Johnson]

PRESIDENT JOBSEPH JOBINETTE BIDEN JR.

[Consuming is good, it's what we're made for]

Damn you, Brandon! Stop exceeding expectations!

[philly09]

The ADP report is often different from the BLS report this Friday.

[Ferguson97]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

[emailking]

Hopefully BLS shows even more jobs created.

[OSR stands with Israel]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Basically this is exactly what happened in the mid to late 1970s . You would have extremely strong job reports but inflation would not really get better and in many cases worse , and eventually it proved to be unsustainable and led to absolutely horrible economic times .

Dumping more money into the economy isn’t what we need and the further we push out a recession , the worse the eventual recession will be .

[President Johnson]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Basically this is exactly what happened in the mid to late 1970s . You would have extremely strong job reports but inflation would not really get better and in many cases worse , and eventually it proved to be unsustainable and led to absolutely horrible economic times .

Dumping more money into the economy isn’t what we need and the further we push out a recession , the worse the eventual recession will be .

The Biden Administration isn't "dumping more money" into the economy though. The federal budget deficit has substantially declined under Biden's watch, as it has been under the previous Democratic presidents Clinton and Obama as well. Additionally, the non-partisan Congressional Budget Office has concluded the Inflation Reduction Act will lower the deficit long term because it makes important investments for further economic and sustainable growth.

[TheTide]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Forecasts of most kinds, be it jobs, the weather or anything else, are mostly worthless. Or, at least, they shouldn't be taken at face value.

[100% pro-choice no matter what]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Basically this is exactly what happened in the mid to late 1970s . You would have extremely strong job reports but inflation would not really get better and in many cases worse , and eventually it proved to be unsustainable and led to absolutely horrible economic times .

Dumping more money into the economy isn’t what we need and the further we push out a recession , the worse the eventual recession will be .

But inflation is getting better... It's less than 40% of what is was during the peak.

[LostFellow]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Basically this is exactly what happened in the mid to late 1970s . You would have extremely strong job reports but inflation would not really get better and in many cases worse , and eventually it proved to be unsustainable and led to absolutely horrible economic times .

Dumping more money into the economy isn’t what we need and the further we push out a recession , the worse the eventual recession will be .

The Fed has been raising rates way past what many retail investors and investment firms want lol. In no world can you characterize the current economic situation as dumping money into the economy.

[OSR stands with Israel]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Basically this is exactly what happened in the mid to late 1970s . You would have extremely strong job reports but inflation would not really get better and in many cases worse , and eventually it proved to be unsustainable and led to absolutely horrible economic times .

Dumping more money into the economy isn’t what we need and the further we push out a recession , the worse the eventual recession will be .

But inflation is getting better... It's less than 40% of what is was during the peak.

https://www.businessinsider.com/economic-inflation-outlook-2023-pain-still-to-come-recession-rates-2022-12

Economists predict it will get worse again

[OSR stands with Israel]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Basically this is exactly what happened in the mid to late 1970s . You would have extremely strong job reports but inflation would not really get better and in many cases worse , and eventually it proved to be unsustainable and led to absolutely horrible economic times .

Dumping more money into the economy isn’t what we need and the further we push out a recession , the worse the eventual recession will be .

The Biden Administration isn't "dumping more money" into the economy though. The federal budget deficit has substantially declined under Biden's watch, as it has been under the previous Democratic presidents Clinton and Obama as well. Additionally, the non-partisan Congressional Budget Office has concluded the Inflation Reduction Act will lower the deficit long term because it makes important investments for further economic and sustainable growth.

Spending is still way higher than it was pre COVID and that’s the fundamental problem. COVID spending was never meant to be made permanent but much of it effectively has

[Ferguson97]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Basically this is exactly what happened in the mid to late 1970s . You would have extremely strong job reports but inflation would not really get better and in many cases worse , and eventually it proved to be unsustainable and led to absolutely horrible economic times .

Dumping more money into the economy isn’t what we need and the further we push out a recession , the worse the eventual recession will be .

But inflation is getting better... It's less than 40% of what is was during the peak.

https://www.businessinsider.com/economic-inflation-outlook-2023-pain-still-to-come-recession-rates-2022-12

Economists predict it will get worse again

Economists have predicted 12 out of the last 5 recessions.

[Mr.Bakari-Sellers]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Basically this is exactly what happened in the mid to late 1970s . You would have extremely strong job reports but inflation would not really get better and in many cases worse , and eventually it proved to be unsustainable and led to absolutely horrible economic times .

Dumping more money into the economy isn’t what we need and the further we push out a recession , the worse the eventual recession will be .

But inflation is getting better... It's less than 40% of what is was during the peak.

https://www.businessinsider.com/economic-inflation-outlook-2023-pain-still-to-come-recession-rates-2022-12

Economists predict it will get worse again

They sending our stimulus money in a War in Ukraine that's why we had to pass a 1.7 T dollar budget last fall


Do you know we spend 1T on child poverty alone because Boehner refused to raise the minimum wage RS argue we shouldn't pass reparations but it will get people off of food stamps we are spending in entitlement anyways

[BlueSwan]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Basically this is exactly what happened in the mid to late 1970s . You would have extremely strong job reports but inflation would not really get better and in many cases worse , and eventually it proved to be unsustainable and led to absolutely horrible economic times .

Dumping more money into the economy isn’t what we need and the further we push out a recession , the worse the eventual recession will be .

But inflation is getting better... It's less than 40% of what is was during the peak.

https://www.businessinsider.com/economic-inflation-outlook-2023-pain-still-to-come-recession-rates-2022-12

Economists predict it will get worse again

Well, no. They predict that inflation will keep falling. But yes, most economists believe that the full effect of the interest rate hikes haven't been felt yet and that a recession could very well happen as a result.

[100% pro-choice no matter what]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Basically this is exactly what happened in the mid to late 1970s . You would have extremely strong job reports but inflation would not really get better and in many cases worse , and eventually it proved to be unsustainable and led to absolutely horrible economic times .

Dumping more money into the economy isn’t what we need and the further we push out a recession , the worse the eventual recession will be .

But inflation is getting better... It's less than 40% of what is was during the peak.

https://www.businessinsider.com/economic-inflation-outlook-2023-pain-still-to-come-recession-rates-2022-12

Economists predict it will get worse again

Well, no. They predict that inflation will keep falling. But yes, most economists believe that the full effect of the interest rate hikes haven't been felt yet and that a recession could very well happen as a result.

Yes, which will be helped by people having jobs and therefore being able to pay costs better.

[Joe Biden 2028]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Basically this is exactly what happened in the mid to late 1970s . You would have extremely strong job reports but inflation would not really get better and in many cases worse , and eventually it proved to be unsustainable and led to absolutely horrible economic times .

Dumping more money into the economy isn’t what we need and the further we push out a recession , the worse the eventual recession will be .

The 1970s had geniune reasons for inflation, things that do not currently exist. The inflation of the 2020s is entirely because of supply chain issues and corporate greed.

[Yoda]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Dark Brandon loves being underestimated. Dark Brandon wants it. Dark Brandon feeds on it.

[Sir Mohamed]

How many times is the jobs report going to be "better than expected" or have to issue a massive correction? People need to stop underestimating Biden.

Dark Brandon loves being underestimated. Dark Brandon wants it. Dark Brandon feeds on it.

In politics, it's actually a virtue being understimated. Expectations and reality are important, in both ways. Obama has often overestimated and consequently more people were disappointed when he couldn't deliver, even for faults none of his own.

[wbrocks67]

It's really getting tiring that basically all actual empirical factors show the economy is doing just fine, and people are at this point just going off of vibes or heresay to act like the economy is in a recession or tanking right now. Just because you spend 15 cents more on an item than you did two years ago does not mean the economy is in freefall.

[Sir Mohamed]

It's really getting tiring that basically all actual empirical factors show the economy is doing just fine, and people are at this point just going off of vibes or heresay to act like the economy is in a recession or tanking right now. Just because you spend 15 cents more on an item than you did two years ago does not mean the economy is in freefall.

It just seems like Fox "News" and right-wing media outlets wants us to believe this because reality doesn't line up with their political agenda.

[Doomer]

Can we have a moment of silence for our Republican friends?

This is sad news for them.

[Duke 🇺🇸]

It's going to take a lot to break the job market given labor shortages in all kinds of sectors of the economy. I know that's sadly the Fed's goal to bring down inflation, but I just don't see it happening outside of the tech sector that overhired during the pandemic.