I click on link so you don’t have to:
“Initial claims for state unemployment benefits increased by 22,000 to a seasonally adjusted 264,000 for the week ended May 6, the highest reading since October 2021. Economists polled by Reuters had forecast 245,000 claims for the latest week.”
Wait...I thought Biden’s unemployment rate was at an all time low. How can the rate be low, but jobless claims at a high? Maybe that’s the result of democrat lackey government employees cooking the books?0
bttt
bttt
Part of the reason unemployment is not higher than it is, is the number of people employed at the expensive hotels our government pays to warehouse illegal aliens all across the country. Not to mention bus company and airline employees who are moving the illegals all over. I hope the buses and airplanes are all electric so we don’t use petroleum to plant illegals everywhere.
For many Americans the recession began sometime ago. Paycheck purchasing power has receded. In other words, pay has not increased at the same rate of inflation. The really sorry news is that if pay did keep pace with inflation it would only add to inflation.
Worse economic news came out last Friday, when it was announced non farm labor productivity fell by 2.7% in Q1. That’s the fifth consecutive quarter of declining labor productivity. Non farm labor costs rose 6.3% in Q1. It is inflationary when businesses make less for more. Regulations are partly to blame. Thanks Brandon. I also think workers are in a funk. What did Jimmy Carter call it? ‘Malaise’, yeah that’s the ticket.
Something is majorly wrong when higher unemployment claims are good for the economy.
“Subsiding inflation...” What is this idiot talking about? inflation just came out HIGHER than last month and other months were adjusted UPWARDS!
Who do these people think they are lying to?!? The only people believing their drivel are those who are willfully ignorant and themselves!