The economy. Hot, or not?

[The Duke]

Wages for lowest quintile are up about 20% from the stagnation during the Trump era.

Income Before Taxes: Wages and Salaries by Quintiles of Income Before Taxes: Lowest 20 Percent (1st to 20th Percentile)

Graph and download economic data for Income Before Taxes: Wages and Salaries by Quintiles of Income Before Taxes: Lowest 20 Percent (1st to 20th Percentile) (CXU900000LB0102M) from 1984 to 2022 about percentile, salaries, tax, wages, income, and USA.

fred.stlouisfed.org

They'd have to be up 26% to match inflation, and they aren't.

 

[JoeB131]

Inflation Calculator

Free inflation calculator that runs on U.S. CPI data or a custom inflation rate. Also, find the historical U.S. inflation data and learn more about inflation.

www.calculator.net

Look at "Stormy" trying to take over The Wanker's niche.

Why do you go back to January 2017 instead of January 2021?

Seems a little dishonest.

 

[Mac1958]

No. They’re seeing signs that inflation has been managed.

Yep. And anyone who pays attention to this stuff knows that there are myriad currents affecting the economy, and that long term assumptions and predictions are worthless.

 

[hadit]

No. They’re seeing signs that inflation has been managed.

Good job, House Republicans.

 

[petro]

Stock market hits an all time high today

Makes absolutely zero difference to the average person shocked at their grocery bill. It only helps the 1% you folks used to bitch about.

 

[JoeB131]

Unemployment is low and has been low for a long time.
The average American has been seeing some of their best wages in decades.

So, do we have a strong economy or not? If not, what's wrong with the economy?

I think the problem is that most of us are still having a post-Covid Shock. Our lives have not yet gotten back to what we remember as "normal". Biden has done a good job in first addressing the high unemployment that he inherited from the Orange Shitgibbon and then addressing the inflation that occurred because supply chains and labor markets were so messed up.

That said, I think that next year, unemployment will still be low, inflation will be lower, and Trump will still be crazy.

The big problem with Biden is his age. It makes everyone nervous, even his supporters.

 

[jbrownson0831]

Makes absolutely zero difference to the average person shocked at their grocery bill. It only helps the 1% you folks used to bitch about.

Dollar worth half what it was under Trump, stock market would have to double to make a difference.

 

[Lesh]

The stock market sadly does not represent the economy or country. The massive pumping for years kept the stock market inflated but it was bad for the economy.

It certainly is a sign of a healthy economy.

Taken along with high employment and wages and high GDP, and a drop in inflation

Yeah, the economy is doing well

 

[JohnDB]

 

[1srelluc]

Hiring has slowed down in the private sector in the past year, but it's sped up in government.

Government jobs have increased by an average of 58,000 a month in 2023. That's brought the number of new public jobs this year to 636,000 with a month to go.

Government jobs also account for about one-quarter of all new jobs created in the U.S. in 2023.

Government is hiring, bigtime

Hiring has slowed down in the private sector in the past year, but it's sped up in government. Government jobs have increased by an average of 58,000 a month in 2023. That's brought the number of new public jobs this year to 636,000 with a month to go. Government jobs also account for about one-qu

www.marketwatch.com

In other words, jobs through deficit spending....No way to run a railroad.

 

[jbrownson0831]

Hiring has slowed down in the private sector in the past year, but it's sped up in government.

Government jobs have increased by an average of 58,000 a month in 2023. That's brought the number of new public jobs this year to 636,000 with a month to go.

Government jobs also account for about one-quarter of all new jobs created in the U.S. in 2023.

Government is hiring, bigtime

Hiring has slowed down in the private sector in the past year, but it's sped up in government. Government jobs have increased by an average of 58,000 a month in 2023. That's brought the number of new public jobs this year to 636,000 with a month to go. Government jobs also account for about one-qu

www.marketwatch.com

In other words, jobs through deficit spending....No way to run a railroad.

Work from the Beach jobs......

 

[The Duke]

Why do you go back to January 2017 instead of January 2021?

Seems a little dishonest.

If anyone knows stupidity and dishonesty, it's you.

 

[Stormy Daniels]

It depends on where you are in the economy. The upper end/more established entities/people probably feel the economy is great as you move toward the lower end and less established people not so much. That’s relatively obvious from the polling.

All you're saying is that some people's opinions will be biased and self serving, judging the whole based only on themselves.

 

[The Duke]

Hiring has slowed down in the private sector in the past year, but it's sped up in government.

Government jobs have increased by an average of 58,000 a month in 2023. That's brought the number of new public jobs this year to 636,000 with a month to go.

Government jobs also account for about one-quarter of all new jobs created in the U.S. in 2023.

Government is hiring, bigtime

Hiring has slowed down in the private sector in the past year, but it's sped up in government. Government jobs have increased by an average of 58,000 a month in 2023. That's brought the number of new public jobs this year to 636,000 with a month to go. Government jobs also account for about one-qu

www.marketwatch.com

In other words, jobs through deficit spending....No way to run a railroad.

Every government job is a leech on the taxpayers. People used to know this.

 

[petro]

Dollar worth half what it was under Trump, stock market would have to double to make a difference.

Just bought a newer vehicle as mine was done.
Getting raped by 9% interest despite credit rating close to 800. Unreal how much that rate has changed since my last car purchase was hovering around 3%.
Same goes for those buying homes.

 

[pknopp]

It certainly is a sign of a healthy economy.

Not necessarily as I pointed out. The stock market was doing good while the economy sucked because of the massive pumping.

Taken along with high employment and wages and high GDP, and a drop in inflation

Yeah, the economy is doing well

For the top.

 

[Marener]

They'd have to be up 26% to match inflation, and they aren't.

You're quoting inflation through this month, but the data I showed only goes through 2022, which had 15% inflation, not 26%.

 

[pknopp]

Just bought a newer vehicle as mine was done.
Getting raped by 9% interest despite credit rating close to 800. Unreal how much that rate has changed since my last car purchase was hovering around 3%.
Same goes for those buying homes.

Money should be "free" or near "free"?

 

[petro]

Nothing is healthy about continued deficits and an overall debt over 30 trillion.

Only a matter of time until that bites everyone in the ass.

 

[Lesh]

Not necessarily as I pointed out. The stock market was doing good while the economy sucked because of the massive pumping.




For the top.

Read my who post. “Taken along with..”