That damn recession!

pintail2222

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As stated before... unemployment numbers always lag behind the leading indicators in a recession.
@timber hunter can't say he wasn't warned:

You're going w/ a lagging indicator as proof that we are not in a recession?

Good luck w/ that.




262,000 from the downwardly revised 248,000 recorded a week earlier.

262,000 + 248,000 = 510,000 new jobless claims in 2 weeks?
 

capefearflyfox

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@timber hunter can't say he wasn't warned:

You're going w/ a lagging indicator as proof that we are not in a recession?

Good luck w/ that.




262,000 from the downwardly revised 248,000 recorded a week earlier.

262,000 + 248,000 = 510,000 new jobless claims in 2 weeks?
It's just too easy...

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JP

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Jobless (unemployment) claims are still rising.
People working two jobs (to make ends meet) are rising and within a half point of the Great Recession of 2008 numbers.
Housing starts are in decline.
Producer's Price Index is still rising.
Crude Prices are the proximate reason the Consumer Price Index went from 9.1% to 8.5% last month. Why? Fuel consumption and hence demand and hence, prices have declined as people are making choices between fuel or food (which is still rising) of late.
And yes, dear POTUS, inflation is NOT at zero. What an embarrassment as an (alleged) human being.
 

capefearflyfox

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And yes, dear POTUS, inflation is NOT at zero. What an embarrassment as an (alleged) human being.
I heard that quote from him this morning as well. I wonder if his water toting media lackeys cleaned up his slobbering spittle this morning after that obvious lapse of reality?
 

pintail2222

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Jobless (unemployment) claims are still rising.
People working two jobs (to make ends meet) are rising and within a half point of the Great Recession of 2008 numbers.
Housing starts are in decline.
Producer's Price Index is still rising.
Crude Prices are the proximate reason the Consumer Price Index went from 9.1% to 8.5% last month. Why? Fuel consumption and hence demand and hence, prices have declined as people are making choices between fuel or food (which is still rising) of late.
And yes, dear POTUS, inflation is NOT at zero. What an embarrassment as an (alleged) human being.
Add on new Consumer Debt! People are opening credit card accounts to help pay for their cost of living.

To cope with record inflation, Americans have opened up a record number of credit cards​


Credit card debt in the U.S. hits all-time high of $930 billion​

 

API

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"Today, we received news that our economy had zero percent inflation in the month of July -- zero percent," :doh

Hey Joe, CPI rose 8.5% in July...


Joe's repeating what he was told to say with the expectation that at least 81 million idiots would believe him.
 

timber hunter

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@timber hunter can't say he wasn't warned:

You're going w/ a lagging indicator as proof that we are not in a recession?

Good luck w/ that.




262,000 from the downwardly revised 248,000 recorded a week earlier.

262,000 + 248,000 = 510,000 new jobless claims in 2 weeks?
Aug 11 (Reuters) -

Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 262,000 for the week ended Aug. 6, the Labor Department said on Thursday. Economists polled by Reuters had forecast 263,000 applications for the latest week.

That's still below the 270,000-300,000 range that economists say would signal a material slowdown in the labor market.
 

fowlwhacker

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don't trust the numbers or the folks spewing the BS science on COVID or climate change. still seeing record numbers of help wanted everywhere you go. many business have cut hours or services such as inside dining due to not having enough folks. market is good if you want to leave a job and make more from what I hear and see in most positions across the board. if the government got a bit more strict in handouts and required everyone getting a hand out to pick up trash while they look for work you can surely bet many more folks would be joining the workforce and not submitting BS job interviews that supposedly went south. to many folks that would rather collect a free payment from the government than work.
 

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