🤦

Today.

You have any data on the size of the workforce seeking jobs now versus pre-covid? Wondering if it's just a smaller percentage of a much smaller pie.

To be clear, it's the same unemployment rate under Trump pre-Covid, then Covid hit, people lost their jobs and now those people are back to work.

Also, to Burning_Sticks point, a lot of people simply left the workforce and are no longer seeking employment.

You know, details.

Yeah, huh - I guess everyone knows the work force much smaller now than over the past 50 years....

I love how you pick and choose details... It's amusing.

And here I thought this whole thread was about picking and choosing details.... 🤔

The Walt Disney Company announced Wednesday it is trimming its payroll by some 7,000 employees, becoming the latest major firm to cut jobs as economic uncertainty weighs.

Zoom on Tuesday said it will lay off about 1,300 employees, or approximately 15% of its staff, becoming the latest tech company to announce significant job cuts as a pandemic-fueled surge in demand for digital services wanes.

If all of the layoff in this thread were combined, they would not add up to even the smallest fraction of workers in the US. Meaninglessly small numbers.

A tempest in a teapot.

Besides, layoffs are good for businesses. Therapeutic. Making America Great - again…



But hey, we got find SOMETHING blame Biden with.

I’m sure the laid off tech folks don’t feel like a tea pot.

Or a Pontiac.

We shut down our country/economy for a 0.3% mortality rate (in US) virus... Now you are saying small numbers don't matter?

Deaths = layoffs

False equivalency anyone?

Once again, you cherry pick...

Ad hominem anyone?

Welcome to the 'rolling recession' economy

New York(CNN) Wall Street is baffled by this economy.

The labor market is thriving. US unemployment is at its lowest level since 1969. GDP and retail sales indicate that the economy is still expanding.

Yet US manufacturing has likely already contracted into a recession, housing sales have plummeted, tech layoffs keep coming and corporate earnings growth is souring.

So is the US economy heading towards a soft or hard landing? Or maybe no landing at all?

While the broader economy has thus far escaped a National Bureau of Economic Research-designated recession, various segments have experienced their own cool downs and some economists say this perplexing phenomenon is the product of a "rolling recession." That's when an economic downturn sweeps slowly across the economy, impacting sectors one by one.

"A rolling recession — where various sectors of the economy take turns contracting rather than simultaneously — is in progress," wrote Sung Won Sohn, professor of finance and economics at Loyola Marymount University and chief economist of SS Economics, in a note last week.

What's happening: During Covid lockdowns, money was funneled into the goods sector because there was very little access to services as consumers quarantined in their homes. Then, as the economy reopened, pent up demand caused a huge surge in services.

That created "pockets of weakness in many categories on the goods side, certainly in housing, that are definitely in recession territory," said Liz Ann Sonders, chief investment strategist with Charles Schwab. The economy hasn't fully retrenched because "we've had the offsetting strength on services," she said.

"We continue to think the economy will suffer from rolling recessions, evidenced by the fact that corporate earnings growth is now entering its downturn," wrote Sonders in a note on Wednesday.

So far, about 42 S&P 500 companies have issued negative earnings guidance for the first quarter of 2023, while just eight have issued positive guidance. About 69% of reporting companies missed analysts' expectations for the last quarter, according to data from Refinitiv.

The economy is not improving. Numbers can always be manipulated to prove whatever you want them to.

Why....that's just craaaaazy talk. Just ask Brewha!

So - if the numbers can't be trusted, how would you know that the economy is NOT improving?