The Fed Went Crazy During COVID Outbreak! M1 Money Grew 360% YoY In Feb 2021, M2 Money Grew 26.75% (Biden’s Miracle Jobs Market Is Largely Part-time, Not Full-time Jobs)
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Confounded Interest ^
| 05/06/2024 | Anthony B. Sanders
Perhaps Fed Chair Jerome Powell was listening to Prince’s “Let’s Go Crazy!” Because The Fed went crazy with money printing to counteract the shutdown of the US economy in 2020. The
US jobs market peaked in February 2020 under Trump at 152,309,000. Then COVID struck in March 2020 and the US economy lost almost 10 million jobs by December 2020. But when the fear ebbed and the economy opened back up, it took until June 2022 to recover the lost jobs. But since June 2022, the US economy has added almost 6 million jobs (many are part-time jobs and taken...
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Yet Another Lousy Jobs Report! US Added Just 175k Jobs In April, Almost A 50% Drop In Revised March Estimate Of 315k Jobs Added (Rate Cut Odds Soar!)
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Confounded Interest ^
| 05/03/2024 | Anthony B. Sanders
Hey Joe! Where is the strongest jobs recovery in history?? BLS
reported that in April the US added just 175K jobs, a nearly 50% drop from the upward revised 315K (was 303K)… .. and a huge miss to estimates of 240K… in fact, as shown below, this was the biggest miss since Dec 2021 The weakness was pervasive, and while payrolls were a huge miss, the unemployment rate also rose more than expected, from 3.8% to 3.9%, vs estimates of an unchanged print. Wages also eased back with average hourly earnings rising 0.2% MoM, below the expected 0.3% increase and...
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Joe Biden Welcomes 110,000 H-1B ‘Fly-in Migrants’ for 2024 College Grad Jobs
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Breitbart ^
| 01May | Munro
President Joe Biden is opening the nation’s airports to hundreds of thousands of white collar migrants who want the jobs and careers needed by hard pressed and indebted U.S. graduates. On
April 30, for example, Biden’s pro-migration border chief announced the selection of 120,603 requests by companies, universities, and research centers to import roughly 110,000 white-collar H-1B workers for jobs that would otherwise go to American graduates.
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Joe Biden Welcomes 110,000 H-1B ‘Fly-in Migrants’ for 2024 College Grad Jobs
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05/02/2024 5:33:12 AM PDT
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by qaz123
Breitbart ^
| 01May | Munro
If you actually believe that it is just a “coincidence” that anti-Israel protests have “spontaneously” erupted at dozens of colleges and universities all over the nation, you are just being delusional. As
you will see below, these protests are being organized by paid professional agitators, and they are being funded by the same far left sources that have funded other radical protest movements in the past. But don’t just take my word for it. New York City Mayor Eric Adams is a far left mayor in a far left city, and even he is admitting that there were “professionals” involved...
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McConnell: Military Aid ‘Is Not Charity to Ukraine,’ U.S. Jobs Are Being Created
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Breitbart ^
| 04/28/2024 | Pam Key
Senate Minority Leader Mitch McConnell (R-KY) said Sunday on NBC’s “Meet the Press” that military aid to Ukraine was not charity, adding that it created jobs in the United States. Host Kristen Welker said, “I want to ask you about your legacy. You
said just this week that you often feel like the only Reagan Republican left. As you prepare to step down from your leadership position this year, what are your greatest concerns about the future of the Republican Party?”
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“Doin’ my research” on TikTok flat-earth conspiracy nut jobs
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TikTok ^
| FittestFlatEarther
Guy who think asteroid craters were caused by angels who operate to this day out of a pyramid in Khazakstan as part of a global, centuries long plot masterminded by the “deceivers” at NASA.
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Los Angeles woman infuriated that younger Americans need two jobs just to survive, says they’ve been ‘sold a scheme’ — here’s how this alarming trend may also hurt the economy
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moneywise ^
| Apr 24, 2024 | Sabina Wex
A strong work ethic may be a virtue, but it’s not always a good sign for the economy. TikToker
Isabella Azar (@withbellsmedia) expressed her anger at the two-job phenomenon that's affecting younger Americans these days. The L.A.-based marketing consultant heard about one woman who took on a weekend waitressing job to supplement her corporate job income — which didn’t manage to cover her bills. “The weekends: when we’re supposed to be relaxing, unwinding from our corporate job,” Azar said in her viral video. “But nope, nope, time to go to your second job.” Azar believes that her generation has been...
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Senators, Union Workers Call On Joe Biden to Hike Aluminum Tariffs to Save American Jobs
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Breitbart ^
| 04/24/2024 | John Binder
A group of Republican and Democrat senators, along with the United Steelworkers (USW), are calling on President Joe Biden to hike United States tariffs on imported aluminum to save American jobs. In
a letter to Biden’s Commerce Department Secretary Gina Raimondo, the senators warn that aluminum extrusion plants in the U.S. are at risk of being eliminated as a result of imported aluminum extrusions.
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Ivy League Grads Risk Losing Prized Jobs for Allowing Antisemitic Protests to Fester: Wall Street Honchos
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New York Post ^
| April 24, 2024 | Charles Gasparino
The violent, antisemitic protests at some of the nation’s elite colleges has forced top corporate recruiters to assess the quality of the education dispensed at these places — and whether they should look elsewhere for job candidates, the Post has learned. Activist
investor Daniel Loeb, a Columbia University graduate, has begun to reconsider whether to focus offering jobs at his hedge fund to fellow alums and other Ivy League schools like Harvard, Yale, Penn amid their tepid responses to the protests on their campuses, he told The Post. “We’ve always looked beyond the target schools but we’re doing it even...
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On Earth Day, Biden launched a new site to apply for Climate Corps jobs
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NPR ^
| APRIL 22, 2024 | Elena Moore and Franco Ordoñez
President Biden marked Earth Day on Monday by launching a website for applications for his Climate Corps jobs and training program, a plan that has attracted a lot of interest from young Americans. Biden has been racing to push forward on initiatives that appeal to a generation that was a big part
of his 2020 win — a demographic he has struggled with heading into his reelection bid this fall. The latest NPR/PBS NewsHour/Marist poll found that 61% of voters under 30 disapprove of his performance as president. Issues like climate change, gun violence prevention and student loan debt are...
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Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’
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The Guardian ^
| 4/15/2024 | The Guardian
Tesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, as the electric carmaker reacts to slowing demand and pressure on prices. The
chief executive, Elon Musk, announced “the difficult decision” in a memo first reported by the online publication Elektrek. Tesla employs 140,473 people, according to its annual report.
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Where are they now? Trump's former opponents lining up new jobs after failed 2024 presidential bids
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Fox News ^
| April 15, 2024 | Danielle Wallace
Nikki Haley, the last Republican presidential candidate to bow out of the race, revealed on Monday that she is joining the Hudson Institute as their Walter P. Stern chair. The
leading conservative think tank is known for focusing on international affairs and national security. ... Pence, Trump's former vice president who ended his presidential bid more than two months before the Iowa caucuses, "will immediately begin serving as the Distinguished Visiting Fellow for Faith & Public Life," Grove City College said on Thursday, announcing the establishment of its Center for Faith & Public Life "to explore and support the presence...
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COOKING THE BOOKS: Biden Admin Called Out For Bogus Numbers On Jobs & Crime...The whole idea a 'public servant' is supposed to be indifferent to party politics
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Clash Daily ^
| April 10, 2024 | Staff
Not only are you being lied to, your own tax dollars are being used to accomplish the deception. For
all of the left’s faux concern about ‘misinformation and disinformation’ they’ve got their own sordid little information laundering scheme going on. It’s an incestuous little circle of politicians, bureaucrats and media who all share the same political goals (big government) for their various, and sometimes conflicting reasons, but each works hand in hand to push the same agenda: push a public narrative that puts the Biden administration in the best possible light, so that Dems can keep control of government and...
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Is it a good thing, or a bad thing, that black people today no longer have these high paying jobs?
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Wordpress ^
| April 9, 2024 | Daniel Alman (aka Dan from Squirrel Hill)
CNN just reported the following:For nearly 50 years, only Black men caddied The Masters. One day, they all but vanishedFor Jariah “Jerry” Beard, caddie for 1979 Masters champion Fuzzy Zoeller, it meant he could earn as much in a day as his parents could in a week working at the city’s John
P. King mill.So here’s my question: Is it a good thing, or a bad thing, that black people today no longer have these high paying jobs?
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California's $20 Minimum Wage Costing Jobs [semi-satire]
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Semi-News/Semi-Satire ^
| 7 April 2024 | John Semmens
Democrats' belief that raising the minimum wage for fast food employers would benefit them is being undermined by businesses closing down and/or laying off portions of their labor force. Loren
Wright, owner of a Fosters Freeze franchise in Lemoore, said "my employees told me they'd rather have a job at the old wage than be laid off, but the new law doesn't give us that option. Gov. Newsom's restaurant does have that option." Newsom hastened to point out that "I'm only one of the owners of the PlumpJack Cafe. The law exempted this kind of restaurant from the required minimum...
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US jobs boom raises doubts about rate cuts
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BBC ^
| 04/05/2024 | BBC
Employers in the US added more than 300,000 jobs last month - the biggest gain in almost a year - as the boom in the world's largest economy continued. The
jobless rate fell to 3.8%, as most sectors, including health care, construction and the government added roles, the Labor Department said. It marked another month of stronger-than-expected growth. Economists had forecast job gains of about 200,000. Analysts said the strong figures could delay cuts to US interest rates.
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ABOUT THAT JOBS REPORT
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Powerline ^
| April 5,2024 | BY JOHN HINDERAKER
Many are hailing today’s establishment and household job reports, which show 300,000, or as many as 500,000, jobs being added in March. But Steve Moore points out in his Committee to Unleash Prosperity email that the picture is far from rosy: The new job numbers for March were strong with 300,000 jobs
added in the establishment survey and 500,000 in the household survey. But those positive headline numbers camouflage a very disturbing trend in the labor market. Almost all of the new jobs on net are part-timers. That means a part-time paycheck. Stock market advisor Stephanie Pomboy of MacroMavens has...
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Bizarro World! 10-year Treasury Yield Rise To 4.38% On Horrible Jobs Report (Mortgage Rates Headed To 8%)
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Confounded Interest ^
| 04/05/2024 | Anthony B. Sanders
All aboard the crazy train! Today’s
jobs report was terrible despite the sheer number of jobs added. Why? They were all part-time jobs. And on that “all part-time jobs” report, the US 10-year Treasury yield rose to 4.38%. Which means that mortgage rate will follow upwards. All based on part-time job growth. Bizarro World! Unfortunately, the Federal government and Federal Reserve think they are Superman. But only in Bizarro World.
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About That Fantastic Jobs Report … Full-time, Native Jobs Shrink, Part-time, Foreign-born Jobs Rise On Year-over-Year Basis, Virtually No Manufacturing Jobs Added But 71k Government Jobs Added (Black Unemployment Increases)
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Confounded Interest ^
| 04/05/2024 | Anthony B. Sanders
To quote the song “Sloop John B”, “Let me go home, I wanna go home. This
is the worst trip I’ve ever been on.” The lyrics should change to “This is the worst ADMINISTRATION I’ve ever experienced. Now for the bad news. For those wondering if the jobs were all part-time, the answer is a resounding yes: in March, full-time jobs dropped by 6,000 as Part-time jobs soared by 691,000. On a year-over-year (YoY) basis, full-time jobs were down -1.0% while part-time jobs were up 7.1% Native-born versus foreign born? On a YoY basis, native-born employment was down -0.5% while...
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U.S. adds 303,000 jobs in March as unemployment rate dips
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axios ^
| 04/05/2024 | Neil Irwin
Job growth surged in March, as employers added 303,000 positions and the unemployment rate edged down, the Bureau of Labor Statistics reported Friday. Why it matters: The U.S. labor market has proved remarkably resilient over the last year, as employers keep seeking workers despite a bumpy economic environment. The
latest numbers affirm that strength, handily beating analysts' forecasts. By the numbers: The jobless rate fell as more people entered the work force — a good sign for growth potential. The labor force participation rate rose by 0.2 percentage points to 62.7%. Average hourly earnings were up 0.3%, and are up...
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