Job Creation Under Biden's Watch

Amazing job growth. Record stock market. Biden is crushing it!!!!!

 

I just saw on local news in MN that unemployment here is better than before COVID-19 with the state unemployment at 3.5%.

 

Still slightly off the recent national low of 3.5% in Feb'20, but we are basically back to "full" employment. It's a strong job market now with strong demand and need for more workers.

Civilian unemployment rate (bls.gov)

 

Fwiw so-called MSM during this is still running stories about stagflation.

@Os Trigonum
@Trader_Jorge

 

Payroll survey has 200,000, household survey has 1 million

Payroll will get revised upward, household downward.

Articles about "big hiring miss" will not get revised at all becuase the press does a horrible job covering these data points regardless of who is president. And you'll still see articles this month about "stagflation" despite job/gdp growth and unemployment heading to new record lows.

 

A few weeks ago, we saw corrections that added 620k+ job. These snapshot in a pandemic is unreliable, but yes, the media will run with those labels.

 

Note this is an ostensibly neutral "MSM" AP reporter, not a fox propagandist.

 

so we’re saying media conspiracy

 

there is no conspiracy, it's lazy reporting with corporate profit incentives

 

deserves its own state media is the enemy of the people thread

 

Well, it's not that either. As bad as media is, the freedom of the press is extremely important for a free society. Trump and his supporters do not value such a society when they attack the press and call them the enemy of the people, when in fact it's the opposite. Yes, I'm talking about Trump and his supporters again.

 

admitting you have a problem is the first step to dealing with that problem

 

Oh, yea, we got a problem and it's a serious one. Trump and his supporters (most of them unknowingly) are on their path to destroying our democracy.

 

IdidThis.jpg

 

I failed posting this image. Lol.

 

Having graduated and starting my career during the Financial Crisis, this is a much better situation than no jobs. A little overboard on the fiscal side this time, but jobs are better than no jobs.

 

New unemployment claims dropped to 184,000 last week, the lowest since 1969.