mspart Posted September 1, 2023 Share Posted September 1, 2023 https://finance.yahoo.com/news/us-economy-adds-187000-jobs-in-august-unemployment-rate-unexpectedly-rises-to-38-155705157.html US economy adds 187,000 jobs in August, unemployment rate unexpectedly rises to 3.8% You can read the article but adding jobs equals higher unemployment? Must be the new Bidenomics math!! Or it is quantum mechanics happening. Maybe unemployment will be 1.4 if they open the box again. mspart Link to comment Share on other sites More sharing options...
BobDole Posted September 1, 2023 Share Posted September 1, 2023 Such a horrible job, increasing jobs and keeping the unemployment low. Can't we find a way to impeach him to get him out of office? Link to comment Share on other sites More sharing options...
ionel Posted September 1, 2023 Share Posted September 1, 2023 (edited) 12 minutes ago, BobDole said: Such a horrible job, increasing jobs and keeping the unemployment low. Can't we find a way to impeach him to get him out of office? C'mon Bob, no one wants that, we'd be stuck with salad and even vegetarians aren't crazy about that type of salad. Edited September 1, 2023 by ionel Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted September 1, 2023 Share Posted September 1, 2023 2 hours ago, mspart said: https://finance.yahoo.com/news/us-economy-adds-187000-jobs-in-august-unemployment-rate-unexpectedly-rises-to-38-155705157.html US economy adds 187,000 jobs in August, unemployment rate unexpectedly rises to 3.8% You can read the article but adding jobs equals higher unemployment? Must be the new Bidenomics math!! Or it is quantum mechanics happening. Maybe unemployment will be 1.4 if they open the box again. mspart This is a spectacularly lame attempt Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
Ban Basketball Posted September 1, 2023 Share Posted September 1, 2023 I think the strangest observation that I always make when good economic news, or any good news for the country hits, Tattletale "News" and AM radio spend all day enraged talking down the good news for everyone. HUD McVeigh Hannity usually goes positively berserk for his entire three hours, enraged about good news for America. Owner of over two decades of the most dangerous words on the internet! In fact, during the short life of this forum, me's culture has been cancelled three times on this very site! Link to comment Share on other sites More sharing options...
mspart Posted September 1, 2023 Author Share Posted September 1, 2023 In further reading, the Yahoo finance site said that labor participation is picking up, which might be the reason for the uptick in unemployment numbers. But you have to admit, that the headline is not good news. Not only that, no one saw a rise in unemployment coming. Which is why the stock market didn't do well today. mspart Link to comment Share on other sites More sharing options...
BobDole Posted September 1, 2023 Share Posted September 1, 2023 35 minutes ago, mspart said: In further reading, the Yahoo finance site said that labor participation is picking up, which might be the reason for the uptick in unemployment numbers. But you have to admit, that the headline is not good news. Not only that, no one saw a rise in unemployment coming. Which is why the stock market didn't do well today. mspart Adding jobs and unemployment under 4% is not good news? What alternate universe are you living in? Link to comment Share on other sites More sharing options...
headshuck Posted September 1, 2023 Share Posted September 1, 2023 There are a lot of economic indicators. I doubt there are many Americans that feel we are living in a good economic news era. Link to comment Share on other sites More sharing options...
BobDole Posted September 1, 2023 Share Posted September 1, 2023 8 minutes ago, headshuck said: There are a lot of economic indicators. I doubt there are many Americans that feel we are living in a good economic news era. Is increasing jobs a good thing? Is unemployment under 4% a good thing? Link to comment Share on other sites More sharing options...
mspart Posted September 1, 2023 Author Share Posted September 1, 2023 14 minutes ago, BobDole said: Adding jobs and unemployment under 4% is not good news? What alternate universe are you living in? The one everyone else lives in. When unemployment jumps from 3.5 to 3.8% in one month and caught everyone by surprise. That's why the stock market didn't do so well today. Maybe you should be asking the stock market which world they are living in. mspart Link to comment Share on other sites More sharing options...
BobDole Posted September 1, 2023 Share Posted September 1, 2023 1 minute ago, mspart said: The one everyone else lives in. When unemployment jumps from 3.5 to 3.8% in one month and caught everyone by surprise. That's why the stock market didn't do so well today. Maybe you should be asking the stock market which world they are living in. mspart Why weren't you complaining in May when it went from 3.4 to 3.7? Link to comment Share on other sites More sharing options...
mspart Posted September 1, 2023 Author Share Posted September 1, 2023 Why weren't you crowing about how great it was? mspart Link to comment Share on other sites More sharing options...
BobDole Posted September 1, 2023 Share Posted September 1, 2023 Just now, mspart said: Why weren't you crowing about how great it was? mspart Can't answer my question again, did I stump you? This is too easy. Link to comment Share on other sites More sharing options...
headshuck Posted September 1, 2023 Share Posted September 1, 2023 Is increasing jobs a good thing? Is unemployment under 4% a good thing?Are rising interest rates a good thing? Link to comment Share on other sites More sharing options...
BobDole Posted September 1, 2023 Share Posted September 1, 2023 1 minute ago, headshuck said: Are rising interest rates a good thing? I guess I stumped you too. I'm on a roll today. Link to comment Share on other sites More sharing options...
mspart Posted September 1, 2023 Author Share Posted September 1, 2023 3 minutes ago, mspart said: Why weren't you crowing about how great it was? mspart 2 minutes ago, BobDole said: Can't answer my question again, did I stump you? This is too easy. What? You say this in response to my question? Wow! mspart Link to comment Share on other sites More sharing options...
BobDole Posted September 1, 2023 Share Posted September 1, 2023 Just now, mspart said: What? You say this in response to my question? Wow! mspart You obviously don't know how conversations work. I'll help you out since you are challenged in that department. One person asks a question The next person answers that question and adds anything they would like to ask Repeat until we are all dumber because we read your posts. Link to comment Share on other sites More sharing options...
headshuck Posted September 1, 2023 Share Posted September 1, 2023 I think intended to change the direction. Just because someone echos the administrations soft analysis of the economy doesn’t mean we have to stay on topic. Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted September 2, 2023 Share Posted September 2, 2023 2 hours ago, mspart said: The one everyone else lives in. When unemployment jumps from 3.5 to 3.8% in one month and caught everyone by surprise. That's why the stock market didn't do so well today. Maybe you should be asking the stock market which world they are living in. mspart Be careful attributing one day moves in the stock market to a single specific event. It is a tad more complex than that. And one day is not how you should evaluate the stock market, anyway. Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
Ohio Elite Posted September 2, 2023 Share Posted September 2, 2023 35 minutes ago, Wrestleknownothing said: Be careful attributing one day moves in the stock market to a single specific event. It is a tad more complex than that. And one day is not how you should evaluate the stock market, anyway. But what If you're a Day trader? Link to comment Share on other sites More sharing options...
Plasmodium Posted September 2, 2023 Share Posted September 2, 2023 I think folks want the country to fail. 1 Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted September 2, 2023 Share Posted September 2, 2023 37 minutes ago, Ohio Elite said: But what If you're a Day trader? Then there is a good chance you are broke, so never mind. Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted September 2, 2023 Share Posted September 2, 2023 3 hours ago, mspart said: The one everyone else lives in. When unemployment jumps from 3.5 to 3.8% in one month and caught everyone by surprise. That's why the stock market didn't do so well today. Maybe you should be asking the stock market which world they are living in. mspart Wait a minute. The Russell 1000 was +0.24% today. The Russell 2000 was +1.11% today. Are you trying to take a victory lap over that? It just keeps getting dumber. Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
Ban Basketball Posted September 2, 2023 Share Posted September 2, 2023 But, the inflation is so out of control. Owner of over two decades of the most dangerous words on the internet! In fact, during the short life of this forum, me's culture has been cancelled three times on this very site! Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted September 2, 2023 Share Posted September 2, 2023 1 hour ago, Ban Basketball said: But, the inflation is so out of control. Well, that it is. That is a direct result of the growth in money supply tied to various covid related stimulus programs pushed by both parties. Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
Christian Slack Wasatch via Snow College, Utah Class of 2024 Committed to Utah Valley Projected Weight: 197
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