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

[Joe Biden 2028]

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.

Your right and wrong. By empires factors, the economy is great. Unemployment is at record lows and wages are going up at all levels.

Not inflation is a serious problem. It’s an extra hundred when you buy groceries. It’s an extra thousand per month for rent. We can’t pretend people aren’t hurting

None of this is Biden’s fault, it’s corporate greed

[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.

Your right and wrong. By empires factors, the economy is great. Unemployment is at record lows and wages are going up at all levels.

Not inflation is a serious problem. It’s an extra hundred when you buy groceries. It’s an extra thousand per month for rent. We can’t pretend people aren’t hurting

None of this is Biden’s fault, it’s corporate greed

groceries and rent are certainly up compared to a year or two ago, but they are not at that level of an extra $100 and an extra $1000.

[Joe Biden 2028]

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.

Your right and wrong. By empires factors, the economy is great. Unemployment is at record lows and wages are going up at all levels.

Not inflation is a serious problem. It’s an extra hundred when you buy groceries. It’s an extra thousand per month for rent. We can’t pretend people aren’t hurting

None of this is Biden’s fault, it’s corporate greed

groceries and rent are certainly up compared to a year or two ago, but they are not at that level of an extra $100 and an extra $1000.

Yes, they are. My family rented a new house this year. Our rent was $1200. Now it’s on the market for $2200

And yes, groceries are up drastically

[Mr.Bakari-Sellers]

Groceries are up let's put this in perspective because families are living with each other if you wanted your own apartment you can't afford it it's 135o for a 1 bedroom they used to have subsidies but after rental assistance they closed alot of the waiting list during Pandemic that's the problem CA has they stopped rental assistance and then stopped at same time rental subsidy unless you are on Section 8 and most immigrants whom have kids under 18, on that

Anyways the food prices aren't that big of deal but Housing is unsubstainable

As I said in another thread Obama won 52/48 if Biden wins by that margin we keep the S and win the H add OH and NC and win AZ, OH, MT, MO and lose WV S 303/355 eC votes excluding TX and FL and IA

[Crumpets]

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.

Your right and wrong. By empires factors, the economy is great. Unemployment is at record lows and wages are going up at all levels.

Not inflation is a serious problem. It’s an extra hundred when you buy groceries. It’s an extra thousand per month for rent. We can’t pretend people aren’t hurting

None of this is Biden’s fault, it’s corporate greed

groceries and rent are certainly up compared to a year or two ago, but they are not at that level of an extra $100 and an extra $1000.

Yes, they are. My family rented a new house this year. Our rent was $1200. Now it’s on the market for $2200

And yes, groceries are up drastically

Dude, no grocery run I've ever done outside of, like, Thanksgiving or buying for a huge get-together where I'm making all the food has even hit $100, let alone cost an extra $100. Last time I bought groceries it was maybe $50. Unless you're talking about families of 5+ people with one person buying or people who only buy groceries once every couple months, it's just not true.

[emailking]

My rent went up $91.

[Minnesota Mike]

For clarities sake remember this report is from payroll processing company ADP not the official government BLS report that comes out Friday. This report also only encompasses private payrolls.

[Duke 🇺🇸]

If tomororw's BLS report is strong, expect more rate hikes and stock market pain. The Fed is probably going to overtighten and throw us into a recession, but hopefully it will be short lived.

In the mean time, you can earn a nice yield on your cash in money market funds!

[Minnesota Mike]

If tomororw's BLS report is strong, expect more rate hikes and stock market pain. The Fed is probably going to overtighten and throw us into a recession, but hopefully it will be short lived.

In the mean time, you can earn a nice yield on your cash in money market funds!

Yeah I've moved quite a bit of my savings from stocks to cash recently. I don't normally try and time the markets but right now cash instruments seem to be the wiser play.

[Landslide Lyndon]

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.

To be fair, even Paul Krugman feels uneasy about the continuously overheated economy and confesses that the economists can't predict what will happen in the near future.

[Crumpets]

Update: it wasn't 242K. It was 311K. O.O

https://twitter.com/CNBC/status/1634186189694545921

[Doomer]

Update: it wasn't 242K. It was 311K. O.O

I love the taste of conservative tears.

[Badger]

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

Well obviously we should be enacting high-end tax cuts to dampen inflationary pressures! Am I right, beep boop?

Folks, don't confuse osr's narrative with facts. It's short circuits his Hardware.