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US job growth during much of the past year was significantly weaker than initially estimated, according to new data released Wednesday.
The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported.
Click on the dots and down arrow to the right of “Report” at the bottom left of your post; Edit will appear in a drop down.“This may be the wake-up call for Powell and [Fed policymakers] that they need to commit to cuts and forward guidance more explicitly,” Michael Block, co-founder and chief strategy officer at AgentSmyth, told CNN.
Sorry don't know how to edit
There is an “edit” button at the bottom of your posts. Next to the “Delete” button.Sorry don't know how to edit
Tell that to Trump and the MAGA crew who want to pretend the pandemic didn't happen when blaming Biden for inflation. Since you are all about the truth.Of course a lot of other things are going on in the world when these guys were president. Everyone knew the Trump job losses were temporary and really just gov. imposed work stoppages. Bill Clinton had a budget passed by a republican congress including massive tax cuts. He also benefit from an asia currency crash that left oil prices below $20 a barrel. Bush the second had a dot com collapse at the beginning and a housing crash at the end.
l
I know the truth is for suckers.
Government imposed work stoppages? Seriously?Everyone knew the Trump job losses were temporary and really just gov. imposed work stoppages. Bill Clinton had a budget passed by a republican congress including massive tax cuts. He also benefit from an asia currency crash that left oil prices below $20 a barrel. Bush the second had a dot com collapse at the beginning and a housing crash at the end.
IIRC, the GOP took control of Congress in 1994 because Clinton convinced Democrats to pass a tax reform plan that actually raised taxes on a lot of Americans (but also ultimately contributed to the reduction in the deficit and eventually even the debt with the dreaded “surplus”).Of course a lot of other things are going on in the world when these guys were president. Everyone knew the Trump job losses were temporary and really just gov. imposed work stoppages. Bill Clinton had a budget passed by a republican congress including massive tax cuts. He also benefit from an asia currency crash that left oil prices below $20 a barrel. Bush the second had a dot com collapse at the beginning and a housing crash at the end.
l
I know the truth is for suckers.
I’d listen to you Ted talk on it.Government imposed work stoppages? Seriously?
Clinton's tax increases were the primary factor in balancing the budget. The tax cuts came considerably later and were smaller. Oil prices briefly dipped below $20 but that's more or less irrelevant to the job market.
The housing crash in no way exonerates Bush, given that his administration played such a vital role in creating it. That's like saying, "LBJ was unpopular because of Vietnam!" i would say the main culprit in the financial crisis was either Alan Greenspan or the British regulators that let AIG FP go nuts, but the Bush SEC lifted the leverage caps on the big banks and that's why they went bust. It was the "net capital rule" of 2004 and it was one of the main contributors to the collapse of Lehman and others. So yeah, it's on the Bush administration. Sure, Bush probably had no idea it was occurring but he appointed industry shills to lead the SEC and that's what happens.
And I'm not going to fight with you here or anywhere about your take on the financial crisis. The Community Reinvestment Act contributed 0% to the crisis. The repeal of Glass Steagall contributed 0% to the crisis. I know about this topic. I've written about it professionally. I taught it to JD and MBA students. If you want to parade your own nonsense, go for it but I'm not going to engage.
My company in general and my team specifically flawlessly transitioned to a work from home model when the pandemic hit.Of course a lot of other things are going on in the world when these guys were president. Everyone knew the Trump job losses were temporary and really just gov. imposed work stoppages. Bill Clinton had a budget passed by a republican congress including massive tax cuts. He also benefit from an asia currency crash that left oil prices below $20 a barrel. Bush the second had a dot com collapse at the beginning and a housing crash at the end.
l
I know the truth is for suckers.