it is too bad that you don't understand, an easy prey for the inellectual dishonest---but eye-catching---headline just so you understand, recession is when the economic pie shrinks for 2 consecutive quarters, which has not happen since the end of the W admin. since Biden has taken office, despite inflationary pressures, job creation has been trending up every quarter, unemployment has been trending down and the GDP, the whole ecoomic pie, has been increasing every quarter
In Sept 2023, US employers added a surprisingly strong 336,000 jobs, almost doubling the original forecast of 174K the unemployment rate remains unchanged at 3/8%; so too were labor participation rate and average hours works.
The US may no longer avoid a recession The economy is likely to weaken as markets internalise the significant likelihood that rates will stay higher for longer https://www.ft.com/content/02a899eb...egmentId=b385c2ad-87ed-d8ff-aaec-0f8435cd42d9
You know this article you posted from 2 days ago talks about a bad jobs report that theyre expecting when in reality today's number blew out expectations. It's just funny how you pretend to be a non partisan when you're clearly a nut job
Late last week, however, the news on jobs/unemployment wasn’t quite as great as it’s been recently: the US economy added 175,000 jobs in April, slightly below expectation, as the unemployment rate inched up, from 3.8% to 3.9%. The trust fund baby, or Donald 'Von ShitzInPantz' as called by Michael Cohen, reflexively slammed the data orange hair conveniently ignores the fact that he has been the only POTUS that had generated a net loss in job creation during the 4-year term and with 9 more months to go, Biden has alsready created ~~13 million jond the unrmployment rate when he was fired as POTUS was 6.4%, versus the current 3.9% under Biden
For May 2024, Hiring Surges More Than Expected, Employers added 272,000 nonfarm payrolls in May vs. 180,000 forecast, according to FactSet April hiring was revised down to 165,000 from 175,000 March hiring was lowered to 310,000 from 315,000 The unemployment rate rose to 4% in May from 3.9% in April Average hourly earnings rose 0.4% in May vs. 0.3% forecast That makes 41 consecutive months of job creation; cumulatively inching towards 14 million jobs under Biden'watch. contrast that to his predecessor, the only POTUS to have generated a net loss in job creation
