Eggplant.place

1y

US applications for jobless claims hold at healthy levels - ABC News #Bidenomics https://abcnews.go.com/Business/wireStory/us-applications-jobless-claims-hold-healthy-levels-107880921

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1y

💪🏼U.S. employers added 303,000 jobs in March, as the labor market remained robust. The unemployment rate fell to 3.8%. -NYT #Bidenomics

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1y

Via @stevebenen:

U.S. job growth by year:
2017: 2.1 million
2018: 2.3 million
2019: 1.98 million
2020: -9.3 million
2021: 7.2 million
2022: 4.5 million
2023: 3 million
Five months into 2024: 1.2 million (on pace for 2.9 million)

#Bidenomics
https://www.msnbc.com/rachel-maddow-show/maddowblog/robust-job-growth-may-exceeds-expectations-rcna156001

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1y

America’s employers added a vigorous 272,000 #jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates. #Bidenomics
https://apnews.com/article/d1d73005dbc40b081a555850a44e73d1

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320d

Via the hellsite, from economist Mark Zandi:

#Bidenomics #Harris

Tweet from economist Mark Zandi:

I’'ve hesitated to say this at the risk of sounding hyperbolic, but with last week’s big GDP revisions, there is no denying it: This is among the best performing economies in my 35+ years as an economist. Economic growth is rip-roaring, with real GDP up 3% over the past year. Unemployment is low at near 4%, consistent with full employment. Inflation is fast closing in on Fed’s 2% target - grocery prices, rents and gas prices are flat to down over the past more than a year. Households’ financial obligations are light, and set to get lighter with the Fed cutting rates. House prices have never been higher, and most homeowners have more equity in their homes than ever. Corporate profits are robust, and the stock market is hitting a record high on a seemingly daily basis. Of course there are blemishes, as lower-income households are struggling financially, there is a severe shortage of affordable homes, and the government is running large budget deficits. And things could change quickly. There are plenty of threats. But in my time as an economist, the economy has rarely looked better. 1:28 PM - Sep 29, 2024 - 2.2M Views

ALT

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156d

The world’s most widely followed #StockMarket benchmark slid into a correction on Thurs, a drop that underscores how the 2-yr-long bull market [#Bidenomics] is running out of steam in the early days of the #Trump admin.

The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Trump over the past few weeks. On-again, off-again #tariffs & #MassLayoffs of #FederalWorkers have fomented unease on #WallStreet.

#economy #Trumpcession
https://www.nytimes.com/2025/03/13/business/sp-500-stocks-market-correction.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=2AF81A08-DB10-4E54-BA71-32F938B4D01C

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bidenomics