The US job growth in Biden's first year was faster than any year in US History

[DrHoops]

And almost 1/2 million jobs were created in January 2022.

Payrolls show surprisingly powerful gain of 467,000 in January despite omicron surge

Nonfarm payrolls were expected to increase 150,000 in January, according to economists surveyed by Dow Jones.

www.cnbc.com

The US added more jobs in 2021 than any year in history, and is recovering 3 times faster than after the Great Recession

The economy is recovering at three times the rate seen after the Great Recession. The US added 6.4 million jobs in 2021 despite weak December growth.

www.businessinsider.com

 

[mcmurtry66]

And almost 1/2 million jobs were created in January 2022.

Payrolls show surprisingly powerful gain of 467,000 in January despite omicron surge

Nonfarm payrolls were expected to increase 150,000 in January, according to economists surveyed by Dow Jones.

www.cnbc.com

The US added more jobs in 2021 than any year in history, and is recovering 3 times faster than after the Great Recession

The economy is recovering at three times the rate seen after the Great Recession. The US added 6.4 million jobs in 2021 despite weak December growth.

www.businessinsider.com

There is an entire thread devoted to this already. Inflation outpaced wage growth. So.....

 

[Lucy01]

When you shut the Country down because of a pandemic, Hell yeah you’re gonna have a job growth. Keep lying just like Hillary!

 

[DrHoops]

There is an entire thread devoted to this already. Inflation outpaced wage growth. So.....

And?

Banks are saying wage growth needs to slow. You're of the opinion (incorrect as usual) that wage growth needs to outpace inflation. It's actually just the opposite of what you think, as usual.

Goldman economist says it's tough to sustain wage gains of 5% to 6% without 'meaningfully high' inflation

Jan Hatzius says the pace of wage increases in the U.S. needs to slow down, as inflation heats up and becomes a central focus for the Fed and markets alike.

www.cnbc.com

Big U.S. banks see higher expenses from workers' rising wages

Big U.S. banks will spend more on salaries and benefits this year as inflationary pressures, pandemic risks and the tight labor market force them to raise wages to get and keep workers.

www.reuters.com

You know what? Don't respond to MY posts. You're an uninformed waste of time.

 

[TMFT]

When you shut the Country down because of a pandemic, Hell yeah you’re gonna have a job growth. Keep lying just like Hillary!

At least they’re bragging about job gains 18 months after the economy reopened and not the immediately proceeding quarter. But yeah, “duh” that coming off the pandemic has created artificially big jobs numbers.

 

[mcmurtry66]

And?

Banks are saying wage growth needs to slow. You're of the opinion (incorrect as usual) that wage growth needs to outpace inflation. It's actually just the opposite of what you think, as usual.

Goldman economist says it's tough to sustain wage gains of 5% to 6% without 'meaningfully high' inflation

Jan Hatzius says the pace of wage increases in the U.S. needs to slow down, as inflation heats up and becomes a central focus for the Fed and markets alike.

www.cnbc.com

Big U.S. banks see higher expenses from workers' rising wages

Big U.S. banks will spend more on salaries and benefits this year as inflationary pressures, pandemic risks and the tight labor market force them to raise wages to get and keep workers.

www.reuters.com

You know what? Don't respond to MY posts. You're an uninformed waste of time.

Despite higher wages, inflation gave the average worker a 2.4% pay cut last year

Higher consumer prices in 2021 erased the raises many workers got from their employers. However, wage growth outstripped inflation for some lower earners.

www.cnbc.com

We had a pandemic. Of course there's going to be massive job gains stupid.

 

[DrHoops]

Despite higher wages, inflation gave the average worker a 2.4% pay cut last year

Higher consumer prices in 2021 erased the raises many workers got from their employers. However, wage growth outstripped inflation for some lower earners.

www.cnbc.com

We had a pandemic. Of course there's going to be massive job gains

Wait, you said people wanted to sit around and get "free stuff" and not work? Get your story straight.

 

[mcmurtry66]

Wait, you said people wanted to sit around and get "free stuff" and not work? Get your story straight.

Um. The free stuff finally abated. People out of necessity are going back to work.

 

[DrHoops]

Um. The free stuff finally abated. People out of necessity are going back to work.

LOL. Man....you just keep digging.

 

[mcmurtry66]

LOL. Man....you just keep digging.

I love that line. It's when your brain broke again. Like your insistence on the constitutionality of government Covid mandates. Your brain broke with that one too. Slither away stupid.

 

[Lucy01]

I love that line. It's when your brain broke again. Like your insistence on the constitutionality of government Covid mandates. Your brain broke with that one too. Slither away stupid.

You are 100% right, he is mentally deranged!

 

[DrHoops]

I love that line. It's when your brain broke again. Like your insistence on the constitutionality of government Covid mandates. Your brain broke with that one too. Slither away stupid.

I have nothing to slither away from. You're a joke who is one step better than Ma-sa-suta as a poster.

You're a sad know nothing. Turn on your scanner.

*Edited for MacMurty's continued mental breakdown.

 

[mcmurtry66]

I have nothing to slither away from. Your a joke who is one step better than Ma-sa-suta as a poster.

You're a sad know nothing. Turn on your scanner.

I like how you write "Your" and then in the next sentence "You're." It's a good way to cover your bases.

 

[DrHoops]

I like how you write "Your" and then in the next sentence "You're." It's a good way to cover your bases.

Oh noes!!! I made a typo!

That's where you are.

 

[mcmurtry66]

Oh noes!!! I made a typo!

That's where you are.

Check YOUR Reaction Score. It's illuminating as to what a worthless poster you are

 

[DrHoops]

Check YOUR Reaction Score. It's illuminating as to what a worthless poster you are

Stop digging.

 

[mcmurtry66]

Stop digging.

Honestly with a Reaction Score that bad you really should be banned

 

[DrHoops]

Honestly with a Reaction Score that bad you really should be banned

Stop digging.

 

[mcmurtry66]

Stop digging.

It's pretty obvious what people think of your posts

 

[DrHoops]

It's pretty obvious what people think of your posts

You seem to be laser focused on them and you're not even required to read them.

Settle down spaz.

 

[TomEric4756]

BTW … the changes in the seasonal adjustment factors inflated the numbers.
The number of help wanted signs doesn’t seem to going down.
https://hubbardobrieneconomics.com/...ly-strong-employment-report-for-january-2022/
(Bloomberg and NY Times explanations are behind paywalls)

 

[DrHoops]

BTW … the changes in the seasonal adjustment factors inflated the numbers.
The number of help wanted signs doesn’t seem to going down.
https://hubbardobrieneconomics.com/2022/02/04/the-surprisingly-strong-employment-report-for-january-2022/
(Bloomberg and NY Times explanations are behind paywalls)

How does that make the number wrong? There were more jobs created than economists forecast. There are seasonal factors at play every year.

 

[CO. Hoosier]

And almost 1/2 million jobs were created in January 2022.

Payrolls show surprisingly powerful gain of 467,000 in January despite omicron surge

Nonfarm payrolls were expected to increase 150,000 in January, according to economists surveyed by Dow Jones.

www.cnbc.com

The US added more jobs in 2021 than any year in history, and is recovering 3 times faster than after the Great Recession

The economy is recovering at three times the rate seen after the Great Recession. The US added 6.4 million jobs in 2021 despite weak December growth.

www.businessinsider.com

Lol. The jobs were filled, not created. Total employment is below Trump’s high. You may brag about created jobs once jobs exceed the Trump high,

 

[Crayfish57]

And?

Banks are saying wage growth needs to slow. You're of the opinion (incorrect as usual) that wage growth needs to outpace inflation. It's actually just the opposite of what you think, as usual.

Goldman economist says it's tough to sustain wage gains of 5% to 6% without 'meaningfully high' inflation

Jan Hatzius says the pace of wage increases in the U.S. needs to slow down, as inflation heats up and becomes a central focus for the Fed and markets alike.

www.cnbc.com

Big U.S. banks see higher expenses from workers' rising wages

Big U.S. banks will spend more on salaries and benefits this year as inflationary pressures, pandemic risks and the tight labor market force them to raise wages to get and keep workers.

www.reuters.com

You know what? Don't respond to MY posts. You're an uninformed waste of time.

That is funny!

 

[TomEric4756]

How does that make the number wrong? There were more jobs created than economists forecast. There are seasonal factors at play every year.

Seasonal factors are intended to provide a better annual basis review. It can be argued the Jan. 2022 report under performs. The gain is below the reported average gain for 2021 (555,000). Some segments lost jobs. Some quotes from the BLS report.

Establishment Survey Data. https://www.bls.gov/news.release/empsit.nr0.htm

Total nonfarm payroll employment increased by 467,000 in January, compared with an
average monthly gain of 555,000 in 2021. Nonfarm employment has increased by 19.1
million since April 2020 but is down by 2.9 million, or 1.9 percent, from its pre-
pandemic level in February 2020. In January, employment growth continued in leisure
and hospitality, in professional and business services, in retail trade, and in
transportation and warehousing. (See table B-1. See the note at the end of this news
release and table A for information about the annual benchmark process.)

Employment in leisure and hospitality expanded by 151,000 in January, reflecting job
gains in food services and drinking places (+108,000) and in the accommodation industry
(+23,000). Since February 2020, employment in leisure and hospitality is down by 1.8
million, or 10.3 percent.

I don’t see enough numbers to back calculate the unadjusted values. (Like calculating a statement of cash flows from an income statement).

 

[ribbont]

And almost 1/2 million jobs were created in January 2022.

Payrolls show surprisingly powerful gain of 467,000 in January despite omicron surge

Nonfarm payrolls were expected to increase 150,000 in January, according to economists surveyed by Dow Jones.

www.cnbc.com

The US added more jobs in 2021 than any year in history, and is recovering 3 times faster than after the Great Recession

The economy is recovering at three times the rate seen after the Great Recession. The US added 6.4 million jobs in 2021 despite weak December growth.

www.businessinsider.com

Better late than never. Would have happened last summer if not for Biden and ARP. And inflation would be lower and supply chains would be better off.

 

[bailey777]

And almost 1/2 million jobs were created in January 2022.

Payrolls show surprisingly powerful gain of 467,000 in January despite omicron surge

Nonfarm payrolls were expected to increase 150,000 in January, according to economists surveyed by Dow Jones.

www.cnbc.com

The US added more jobs in 2021 than any year in history, and is recovering 3 times faster than after the Great Recession

The economy is recovering at three times the rate seen after the Great Recession. The US added 6.4 million jobs in 2021 despite weak December growth.

www.businessinsider.com

These are jobs that were lost during covid they are not newly created jobs. Besides inflation far outpaced job growth.

 

[bailey777]

Lol. The jobs were filled, not created. Total employment is below Trump’s high. You may brag about created jobs once jobs exceed the Trump high,

Correct but alot people do not do research they only read the headline.

 

[NPT]

Lol. The jobs were filled, not created. Total employment is below Trump’s high. You may brag about created jobs once jobs exceed the Trump high,

C'mon he doesn't have much to brag about... don't take this away from him.

 

[DrHoops]

Lol. The jobs were filled, not created. Total employment is below Trump’s high. You may brag about created jobs once jobs exceed the Trump high,

What does that even mean? Don't companies need to be hiring for the jobs to be filled?

Having the best 1 year job growth in US history is a good start. 2022 is off to a good start.

 

[DrHoops]

These are jobs that were lost during covid they are not newly created jobs. Besides inflation far outpaced job growth.

What is a "new" job?

 

[TheOriginalHappyGoat]

And?

Banks are saying wage growth needs to slow. You're of the opinion (incorrect as usual) that wage growth needs to outpace inflation. It's actually just the opposite of what you think, as usual.

Goldman economist says it's tough to sustain wage gains of 5% to 6% without 'meaningfully high' inflation

Jan Hatzius says the pace of wage increases in the U.S. needs to slow down, as inflation heats up and becomes a central focus for the Fed and markets alike.

www.cnbc.com

Big U.S. banks see higher expenses from workers' rising wages

Big U.S. banks will spend more on salaries and benefits this year as inflationary pressures, pandemic risks and the tight labor market force them to raise wages to get and keep workers.

www.reuters.com

You know what? Don't respond to MY posts. You're an uninformed waste of time.

Your hatred of McM is such that you're actually siding with the assholes who think the solution to our economic woes is to pay people less.

 

[DrHoops]

Better late than never. Would have happened last summer if not for Biden and ARP. And inflation would be lower and supply chains would be better off.

Explain that.

 

[DrHoops]

Your hatred of McM is such that you're actually siding with the assholes who think the solution to our economic woes is to pay people less.

I'm not siding with anyone. I'm stating facts as presented by the Fed, the Bank of England, as well as the worlds largest banks. McM want to complain about wages trailing inflation and he wants to complain about inflation. He doesn't understand what he's talking about so he's winging it, as usual.

The banks like wage growth, but they want wage growth at 4% rather than 6% because they are concerned about inflationary pressure. If wages grow too quickly they'll have to raise rates.

I absolutely don't want US workers to be paid less.

 

[mcmurtry66]

Explain that.

You should just cut and paste this for all your posts.

 

[TheOriginalHappyGoat]

I'm not siding with anyone. I'm stating facts as presented by the Fed, the Bank of England, as well as the worlds largest banks. McM want to complain about wages trailing inflation and he wants to complain about inflation. He doesn't understand what he's talking about so he's winging it, as usual.

The banks like wage growth, but they want wage growth at 4% rather than 6% because they are concerned about inflationary pressure. If wages grow too quickly they'll have to raise rates.

I absolutely don't want US workers to be paid less.

Wages are trailing inflation at the moment, and that sucks. But the idea that the solution is to scale back wages is ludicrous. Interest rates should be raised. Probably should have been already.

 

[DrHoops]

Seasonal factors are intended to provide a better annual basis review. It can be argued the Jan. 2022 report under performs. The gain is below the reported average gain for 2021 (555,000). Some segments lost jobs. Some quotes from the BLS report.

Establishment Survey Data. https://www.bls.gov/news.release/empsit.nr0.htm

Total nonfarm payroll employment increased by 467,000 in January, compared with an
average monthly gain of 555,000 in 2021. Nonfarm employment has increased by 19.1
million since April 2020 but is down by 2.9 million, or 1.9 percent, from its pre-
pandemic level in February 2020. In January, employment growth continued in leisure
and hospitality, in professional and business services, in retail trade, and in
transportation and warehousing. (See table B-1. See the note at the end of this news
release and table A for information about the annual benchmark process.)

Employment in leisure and hospitality expanded by 151,000 in January, reflecting job
gains in food services and drinking places (+108,000) and in the accommodation industry
(+23,000). Since February 2020, employment in leisure and hospitality is down by 1.8
million, or 10.3 percent.

I don’t see enough numbers to back calculate the unadjusted values. (Like calculating a statement of cash flows from an income statement).

The numbers used by the BLS are the same numbers as have been used for employment statistics under every president.

I'm not understanding your bold, red, and green numbers. Who cares? We are still in a pandemic. The reality is that people were expecting weak numbers, possibly negative numbers. FoxNews, cheering against American workers, was salivating in anticipation, but the jobs report blew all expectations out of the water. Not only that, but job numbers were revised up in 8 out of 12 months last year.



^^^True patriots^^^

Of course leisure and hospitality are going to get crushed in a pandemic.

 

[DrHoops]

Wages are trailing inflation at the moment, and that sucks. But the idea that the solution is to scale back wages is ludicrous. Interest rates should be raised. Probably should have been already.

Well, that's how economics works. If wage growth overheats it contributes to inflation. The idea is to tame inflation while continuing economic expansion with continued wage growth. No one wants '70s style interest rates.

 

[DrHoops]

You should just cut and paste this for all your posts.

You just can't quit me!

 

[DrHoops]

That is funny!

How so?