The Most Fresh & Cordial Political Thread Ever

[Chico23231]

https://www.foxbusiness.com/politics...f-more-1m-jobs

The Philadelphia Fed's report, released last week, week estimated that from March to June of this year, the U.S. added just 10,500 jobs, a glaring difference from the 1,121,500 estimated by the Bureau of Labor Statistics.

You can’t trust anything this administration says or does. Of course this isn’t being covered by the media

[Giantone]

Originally Posted by Chico23231

https://www.foxbusiness.com/politics...f-more-1m-jobs

The Philadelphia Fed's report, released last week, week estimated that from March to June of this year, the U.S. added just 10,500 jobs, a glaring difference from the 1,121,500 estimated by the Bureau of Labor Statistics.

You can’t trust anything this administration says or does. Of course this isn’t being covered by the media

chico , you really are stupid, I mean really!

https://www.bls.gov/news.release/pdf/empsit.pdf

Monthly job growth has averaged 392,000 thus far in 2022, compared with 562,000 per month in 2021. In November, notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing. (See table B-1.)Dec 2, 2022

https://www.epi.org/indicators/unemployment/

https://www.forbes.com/sites/qai/202...h=6db41bfb7bf9

[SunnySide]

Originally Posted by Chico23231

https://www.foxbusiness.com/politics...f-more-1m-jobs

The Philadelphia Fed's report, released last week, week estimated that from March to June of this year, the U.S. added just 10,500 jobs, a glaring difference from the 1,121,500 estimated by the Bureau of Labor Statistics.

You can’t trust anything this administration says or does. Of course this isn’t being covered by the media

You blamed President Biden for not raising the Fed interest rates .. even though a President has zero control of that, that is solely the Fed Reserve job

Now you blame President Biden for the Bureau of Labor Statistics reports ... even though a President has zero control of that

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You do you, troll with your MAGA logic but fucking A chico .. just one time Id like to see you stop the MAGA liberal tear schtick.

[Chico23231]

Originally Posted by SunnySide

You blamed President Biden for not raising the Fed interest rates .. even though a President has zero control of that, that is solely the Fed Reserve job

Now you blame President Biden for the Bureau of Labor Statistics reports ... even though a President has zero control of that

----------------

You do you, troll with your MAGA logic but fucking A chico .. just one time Id like to see you stop the MAGA liberal tear schtick.

Biden lied about inflation, his secretary first lied and apologized for inflation…his Biden stimulus bill is widely regarded as the most foolish and unwise economic spending bill of the last 50 years.

His regulatory initiatives, energy policies, spending policies and his administration unwillingness to confront inflation is why we are in a recession and facing stagflation.

Now he lied about employment numbers…he’s a buffoon, a liar and responsible for this economic mess.

Keep crying he has no control, it sounds foolish and ignorant at this point. You guys never take any fucking responsibility. It’s solely on the democrats and their policies

[SunnySide]

Originally Posted by Chico23231

Keep crying he has no control, it sounds foolish and ignorant at this point. You guys never take any fucking responsibility. It’s solely on the democrats and their policies

he has a lot of control on a lot of things ... just not raising interest rates or what job reports say.

Come on chico, these are easy clear objective facts. Why die on this hill and call me foolish and ignorant? I mean, I am foolish and ignorant but not here in this singular regard

lol yesh man .. moving on

[Giantone]

Originally Posted by Chico23231

Biden lied about inflation, his secretary first lied and apologized for inflation…his Biden stimulus bill is widely regarded as the most foolish and unwise economic spending bill of the last 50 years.

His regulatory initiatives, energy policies, spending policies and his administration unwillingness to confront inflation is why we are in a recession and facing stagflation.

Now he lied about employment numbers…he’s a buffoon, a liar and responsible for this economic mess.

Keep crying he has no control, it sounds foolish and ignorant at this point. You guys never take any fucking responsibility. It’s solely on the democrats and their policies

Actually he didn't but go on with you trumpette lies, it's everyone else right chico?

[Giantone]

Originally Posted by Chico23231

https://www.foxbusiness.com/politics...f-more-1m-jobs

The Philadelphia Fed's report, released last week, week estimated that from March to June of this year, the U.S. added just 10,500 jobs, a glaring difference from the 1,121,500 estimated by the Bureau of Labor Statistics.

You can’t trust anything this administration says or does. Of course this isn’t being covered by the media

chico , you really are stupid.It's why your the joke of the forum.


https://www.marketwatch.com/story/a-...?siteid=yhoof2

The Philadelphia Fed last week said that only 10,500 net new jobs were added between March and June, compared with the 1.05 million reported in the nonfarm-payrolls reports.

In the two previous quarters that the Philadelphia Fed has examined, however, it didn’t find a big disparity. In the first quarter, the Philly Fed estimated 1.7 million were jobs were created, compared with the 1.62 million tabulated by the BLS, and, in the fourth quarter of 2021, the Philadelphia Fed estimated 2.02 million jobs were created, compared with the BLS figure of 1.91 million.

Economists at First Trust led by Brian Wesbury point out that the Philadelphia Fed model is new. “Given that the Philadelphia Fed just started publishing results from its own internal model, meaning there isn’t much of a track record to go on, we’d say it’s probably right to take this report with a grain of salt. Theoretically, everything about this model might be sound, but even sound models often clash with reality. For example, the ADP model has never lived up to its hype,” the First Trust economists say.

In particular, the First Trust team say what could be the issue is that seasonality is not fully accounted for in the new model.

And in fact, the household report — the part of the jobs report used to calculate the unemployment rate — says that employment fell by 347,000 in the second quarter.

“Given the divergence between data from the household and establishment surveys in 2022 we wouldn’t be surprised at all by downward revisions to the employment data when they are released in March of 2023. But we will definitely take the over on 10,500 jobs added in [the second quarter],” they say.