More Political News On The Economy

[Independent thinker]

Americans think they'll be out of work and are looking for jobs at highest rate in 10 years: NY Fed survey​

Americans think they'll be out of work and are looking for jobs at highest rate in 10 years: NY Fed survey

More Americans are looking for jobs as unemployment concerns rise to their highest level in a decade.

www.yahoo.com

This is the Harris/Biden economy. Do we really want to continue down this road? Not me.

 

[SassyIrishLass]

Bbbbut....oh nevermind

 

[jbrownson0831]

Bbbbut....oh nevermind

As long as my SNAP card has money on it......

 

[Independent thinker]

As long as my SNAP card has money on it......

Makes you wonder, which side is better at buying votes. I say the dems win it hands down.

 

[jbrownson0831]

Bbbbut....oh nevermind

As long as my SNAP card has money on it......

Makes you wonder, which side is better at buying votes. I say the dems win it hands down.

Pandering is their bag for sure.

 

[sealybobo]

Americans think they'll be out of work and are looking for jobs at highest rate in 10 years: NY Fed survey​

Americans think they'll be out of work and are looking for jobs at highest rate in 10 years: NY Fed survey

More Americans are looking for jobs as unemployment concerns rise to their highest level in a decade.

www.yahoo.com

This is the Harris/Biden economy. Do we really want to continue down this road? Not me.

It was GE and Republicans who broke the social contract with workers in the late 70's. No more did employees have a right to their jobs. No more did people work 30 years for the same company

The middle class, once the economic stratum of a clear majority of American adults, has steadily contracted in the past five decades. The share of adults who live in middle-class households fell from 61% in 1971 to 50% in 2021, according to a new Pew Research Center analysis of government data.

And in this time the rich have gotten richer. CEO pay went up 1322%

From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.

If you’re a 50-something and you’re not worth a cool $1 million, do not despair. Those numbers are averages, and the super-rich drive them waaaay up.

 

[The Sage of Main Street]

Bbbbut....oh nevermind

BUILD BACK BUT BUT...

 

[kyzr]

They just got outed on their lying jobs numbers. Wonder if any MSM propaganda lackey will grill them on it???

 

[DakotaKai_fan20]

It was GE and Republicans who broke the social contract with workers in the late 70's. No more did employees have a right to their jobs. No more did people work 30 years for the same company

The middle class, once the economic stratum of a clear majority of American adults, has steadily contracted in the past five decades. The share of adults who live in middle-class households fell from 61% in 1971 to 50% in 2021, according to a new Pew Research Center analysis of government data.

And in this time the rich have gotten richer. CEO pay went up 1322%

From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.

If you’re a 50-something and you’re not worth a cool $1 million, do not despair. Those numbers are averages, and the super-rich drive them waaaay up.

The rich should get poorer and the poor should get richer, to at least afford a home and a car.

 

[Independent thinker]

It was GE and Republicans who broke the social contract with workers in the late 70's. No more did employees have a right to their jobs. No more did people work 30 years for the same company

The middle class, once the economic stratum of a clear majority of American adults, has steadily contracted in the past five decades. The share of adults who live in middle-class households fell from 61% in 1971 to 50% in 2021, according to a new Pew Research Center analysis of government data.

And in this time the rich have gotten richer. CEO pay went up 1322%

From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.

If you’re a 50-something and you’re not worth a cool $1 million, do not despair. Those numbers are averages, and the super-rich drive them waaaay up.

So, you don't have anything to say about the thread subject?

 

[sealybobo]

So, you don't have anything to say about the thread subject?

I thought I was addressing this right wing spin. Okay, let's look at your article

• The proportion of individuals who reported searching for a job in the past four weeks increased to 28.4%—the highest level since March 2014—from 19.4% in July 2023. The increase was most pronounced among respondents older than age 45, those without a college degree, and those with an annual household income less than $60,000.

So they surveyed a bunch of losers and idiots.

• The average full-time offer wage received in the past four months decreased slightly to $68,905 from $69,475 in July 2023.
• Satisfaction with wage compensation, nonwage benefits, and promotion opportunities at respondents’ current jobs all deteriorated relative to a year ago. Satisfaction with wage compensation at the current job fell to 56.7% from 59.9% in July 2023. Satisfaction with nonwage benefits fell to 56.3% from 64.9%. And satisfaction with promotion opportunities dropped to 44.2% from 53.5%. These declines were largest for women, respondents without a college degree and those with annual household incomes less than $60,000.

Sounds like losers are unhappy with their employers. Maybe they need to form a union.

• The average expected likelihood of receiving at least one job offer in the next four months increased to 22.2% from 18.7% in July 2023. The average expected likelihood of receiving multiple offers in the next four months rose to 25.4% from 20.6% in July 2023. GOOD NEWS!!!

Better than when Trump was president. Conditional on expecting an offer, the average expected annual salary of job offers in the next four months declined to $65,272 from $67,416 in July 2023, though it remains significantly higher than pre-pandemic levels.

And last but not least

• The average expected likelihood of working beyond age 62 increased to 48.3% from 47.7% in July 2023, and versus a series low of 45.8% in March 2024. The average expected likelihood of working beyond age 67 increased to 34.2% from 32% in July 2023, partially reversing the steady declining trend observed in the series since the onset of the pandemic.

No shit. Lots of boomers retired during the pandemic. The people left don't have the money to retire. That number will continue to grow. Because the younger you are, the more chance you are getting screwed by Reaganomics. And Republicans want to raise your retirement to 67. If they won't kill social security all together. Trump may have the US file bankruptsy if he runs the country like he did his business'. If he does, he will have to at least cut your social security and raise your retirement age. Talk about a tax hike.