Economic News

[BillOfRights]

The decline in jobs and the rise in the employment rate show that Powell should have reduced rates already…also, those jobs and employment numbers are democrats hoaxes!

And America is the HOTTEST country with the best economy in history, but Powell needs to cut rates.

 

[BillOfRights]

Republicans have hit 100% Dear Leader saturation. It’s one thing to offer complete fealty through deflecting and obfuscating blatant corruption, criminality, and idiocy, but it’s another thing entirely to deny arithmetic.

trump said it was 1700%.

 

[nycfan]

 

[nycfan]

—> https://www.wsj.com/articles/it-une...3?st=FPQZTH&reflink=desktopwebshare_permalink

“… The unemployment rate in the information-technology job market fell to 4.5% in August from 5.5% the prior month. However, there are still fewer jobs available for tech workers, especially those who don’t specialize in artificial intelligence.

The number of unemployed IT workers fell to 118,000 in August from 140,000 in July, according to consulting firm Janco Associates, which bases its findings on data from the U.S. Labor Department.

…
Though there were fewer unemployed IT professionals last month, companies aren’t hiring tech workers at the same pace they used to, said Janco Chief Executive Victor Janulaitis. And while there is still high demand for workers with AI skills, there is greater reluctance to hire people with general IT skills, Janulaitis added.

For one thing, the tech jobs market continues to shrink—a trend that has been accelerated by the effects of AI and automation on areas such as telecommunications and networking, according to Janulaitis. Outsourcing of traditional IT jobs in payroll and accounts payable is also whittling down the overall number of available tech positions.…”

 

[nycfan]

$17 TRILLION. In the next few months?

 

[heelslegup]

Im the latest jobs report, manuf jobs continue to decline. Tariffs working their magic path to recession or stagflatiop

 

[Mulberry Heel]

Next year is becoming the new two weeks

Oh, the numbers will be "amazing" all right - just not in the way they think.

 

[Bobfripp]

$17 TRILLION. In the next few months?

He's amazing isn't he?! He just keeps winning and winning.

 

[Mulberry Heel]

The schadenfreude in me can't wait for this thread to merge with FAFO. I know it will be painful for all, including me and my pocketbook, but I want the monied folk who only voted for trump for lower taxes and the MAGA who only wanted "cheap prices" to feel the pain in their bank accounts too. Am I really wishing for a recession or inflation or high prices and no jobs...? but here we are...

Honestly, economic pain was inevitable the moment Dear Leader got a second term. It's no accident that the last time we had a jobs report this bad was Trump's last full month of office - December 2020.

 

[Zoo_View]

$17 TRILLION. In the next few months?

$17 trillion?

How many Foxconn’s in Wisconsin is that?

1,700.

 

[Zoo_View]

He's amazing isn't he?! He just keeps winning and winning.

You left out two H’s and used two too many N’s.

“Whining and whining.”