Fed officials now think the economy will grow much faster than they anticipated
March 20:
Federal Reserve officials predict US gross domestic product will expand at a 2.1% rate in 2024!
That's a sizable change from the 1.4% growth rate they predicted in December!!
*Note: because this is potentially good news for our economy and Americans, expect that one party will try and cast doubts/rhetoric/vitriol along with their usual negativity about the news ALL OVER SOCIAL MEDIA and possibly MSM as well!
Fed officials now think the economy will grow much faster than they anticipated
March 20:
Federal Reserve officials predict US gross domestic product will expand at a 2.1% rate in 2024!
That's a sizable change from the 1.4% growth rate they predicted in December!!
*Note: because this is potentially good news for our economy and Americans, expect that one party will try and cast doubts/rhetoric/vitriol along with their usual negativity about the news ALL OVER SOCIAL MEDIA and possibly MSM as well!
I'll say!! from 1.4% up to 2.1% is a huge 50% leap!
Who knows if that will actually play out that way, less, or even higher, but the point is they must have some expertise backed by solid data to be confident enough to bump up their prediction by 50%
@fubah2
I'll say!! from 1.4% up to 2.1% is a huge 50% leap!
Who knows if that will actually play out that way, less, or even higher, but the point is they must have some expertise backed by solid data to be confident enough to bump up their prediction by 50%
In just February, 1.2 million immigrants (legal and illegal) gained a job. Meanwhile, 500k native-born Americans LOST their job. Since Covid, native-born workers have actually LOST 2 million jobs. All of the net job gains are immigrants.
"Under Biden (2020-2024), the labor force has surged in large part due to immigration: 2/3 of all jobs in 2023 went to foreign-born workers & all labor force growth since Feb 2020 has been due to foreign-born individuals. As a result: labor markets balanced, and wage inflation rose with productivity."
"We have "more workers" from immigration - aka, Biden's 'failed' border policy. Stay with me...
Again, I am NOT defending this policy, but making clear that immigration is not being highlighted as contributing factor to falling inflation, because it is so polarizing.
Immigration is important to labor participation, which rolled over hard once Trump took office. Remember the obstacles in sourcing #H1-B visas? So many sent packing and borders were closed.
Well, weak immigration translates to labor shortages and elevated wage inflation - especially at the lower end of wage earners.
And the inverse is true: strong immigration contributes to higher productivity, more consumption and more tax receipts.
Since February 2020 - post Trump - almost all labor force growth in United States has been due to foreign-born individuals."
In just February, 1.2 million immigrants (legal and illegal) gained a job. Meanwhile, 500k native-born Americans LOST their job. Since Covid, native-born workers have actually LOST 2 million jobs. All of the net job gains are immigrants.
"Under Biden (2020-2024), the labor force has surged in large part due to immigration: 2/3 of all jobs in 2023 went to foreign-born workers & all labor force growth since Feb 2020 has been due to foreign-born individuals. As a result: labor markets balanced, and wage inflation rose with productivity."
"We have "more workers" from immigration - aka, Biden's 'failed' border policy. Stay with me...
Again, I am NOT defending this policy, but making clear that immigration is not being highlighted as contributing factor to falling inflation, because it is so polarizing.
Immigration is important to labor participation, which rolled over hard once Trump took office. Remember the obstacles in sourcing #H1-B visas? So many sent packing and borders were closed.
Well, weak immigration translates to labor shortages and elevated wage inflation - especially at the lower end of wage earners.
And the inverse is true: strong immigration contributes to higher productivity, more consumption and more tax receipts.
Since February 2020 - post Trump - almost all labor force growth in United States has been due to foreign-born individuals."
@fubah2 I'll say!! from 1.4% up to 2.1% is a huge 50% leap! Who knows if that will actually play out that way, less, or even higher, but the point is they must have some expertise backed by solid data to be confident enough to bump up their prediction by 50%
@Zeus4par
Now that you mention it, YES! Huge leap!
Quote Originally Posted by Zeus4par:
@fubah2 I'll say!! from 1.4% up to 2.1% is a huge 50% leap! Who knows if that will actually play out that way, less, or even higher, but the point is they must have some expertise backed by solid data to be confident enough to bump up their prediction by 50%
@fubah2 I'll say!! from 1.4% up to 2.1% is a huge 50% leap! Who knows if that will actually play out that way, less, or even higher, but the point is they must have some expertise backed by solid data to be confident enough to bump up their prediction by 50%
positive news anyway luv it
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by Zeus4par:
@fubah2 I'll say!! from 1.4% up to 2.1% is a huge 50% leap! Who knows if that will actually play out that way, less, or even higher, but the point is they must have some expertise backed by solid data to be confident enough to bump up their prediction by 50%
Since 1989, over 51 million jobs have been created in the US. 96% have been created under democrat presidents according to Bureau of labor statistics. Also higher economic growth, corporate profits and stock market gains.
Since 1989, over 51 million jobs have been created in the US. 96% have been created under democrat presidents according to Bureau of labor statistics. Also higher economic growth, corporate profits and stock market gains.
Since 1989, over 51 million jobs have been created in the US. 96% have been created under democrat presidents according to Bureau of labor statistics. Also higher economic growth, corporate profits and stock market gains.
democrats !!!
joe biden !!
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by thirdperson:
Since 1989, over 51 million jobs have been created in the US. 96% have been created under democrat presidents according to Bureau of labor statistics. Also higher economic growth, corporate profits and stock market gains.
Fed officials now think the economy will grow much faster than they anticipated March 20: Federal Reserve officials predict US gross domestic product will expand at a 2.1% rate in 2024! That's a sizable change from the 1.4% growth rate they predicted in December!! *Note: because this is potentially good news for our economy and Americans, expect that one party will try and cast doubts/rhetoric/vitriol along with their usual negativity about the news ALL OVER SOCIAL MEDIA and possibly MSM as well!
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by fubah2:
Fed officials now think the economy will grow much faster than they anticipated March 20: Federal Reserve officials predict US gross domestic product will expand at a 2.1% rate in 2024! That's a sizable change from the 1.4% growth rate they predicted in December!! *Note: because this is potentially good news for our economy and Americans, expect that one party will try and cast doubts/rhetoric/vitriol along with their usual negativity about the news ALL OVER SOCIAL MEDIA and possibly MSM as well!
Since 1989, over 51 million jobs have been created in the US. 96% have been created under democrat presidents according to Bureau of labor statistics. Also higher economic growth, corporate profits and stock market gains.
@thirdperson
Encouraging news overall.....however a somewhat sombre report is expected Friday morning.....nothing horrible, just not great....
We shall see.
Quote Originally Posted by thirdperson:
Since 1989, over 51 million jobs have been created in the US. 96% have been created under democrat presidents according to Bureau of labor statistics. Also higher economic growth, corporate profits and stock market gains.
@thirdperson
Encouraging news overall.....however a somewhat sombre report is expected Friday morning.....nothing horrible, just not great....
Quote Originally Posted by thirdperson: Since 1989, over 51 million jobs have been created in the US. 96% have been created under democrat presidents according to Bureau of labor statistics. Also higher economic growth, corporate profits and stock market gains. @thirdperson Encouraging news overall.....however a somewhat sombre report is expected Friday morning.....nothing horrible, just not great.... We shall see.
im reading mixed opinions on that outcome
i don't expect wild positive trends but even a so so report is fine given the gains weve made since chump nearly destroyed our entire economy
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by fubah2:
Quote Originally Posted by thirdperson: Since 1989, over 51 million jobs have been created in the US. 96% have been created under democrat presidents according to Bureau of labor statistics. Also higher economic growth, corporate profits and stock market gains. @thirdperson Encouraging news overall.....however a somewhat sombre report is expected Friday morning.....nothing horrible, just not great.... We shall see.
im reading mixed opinions on that outcome
i don't expect wild positive trends but even a so so report is fine given the gains weve made since chump nearly destroyed our entire economy
Labor department reports over 300,000 jobs have been created in March. Unemployment rate has now remained below 4% for 26 consecutive months. The longest streak since the 1960s. Since 1989, 96% of jobs have been created under democrat presidents.
Labor department reports over 300,000 jobs have been created in March. Unemployment rate has now remained below 4% for 26 consecutive months. The longest streak since the 1960s. Since 1989, 96% of jobs have been created under democrat presidents.
Labor department reports over 300,000 jobs have been created in March. Unemployment rate has now remained below 4% for 26 consecutive months. The longest streak since the 1960s.Since 1989, 96% of jobs have been created under democrat presidents.
@thirdperson
i could b wrong but im betting that this good news will b attacked mocked criticized ridiculed and derided by maga cult fascism supporters of the convcted sexoffender all over a bunch of social media websites
good news doesnt sit well with them ever unless its the exact same stuff but with their guy in the white house then its GREAT !!!
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by thirdperson:
Labor department reports over 300,000 jobs have been created in March. Unemployment rate has now remained below 4% for 26 consecutive months. The longest streak since the 1960s.Since 1989, 96% of jobs have been created under democrat presidents.
@thirdperson
i could b wrong but im betting that this good news will b attacked mocked criticized ridiculed and derided by maga cult fascism supporters of the convcted sexoffender all over a bunch of social media websites
good news doesnt sit well with them ever unless its the exact same stuff but with their guy in the white house then its GREAT !!!
Labor department reports over 300,000 jobs have been created in March. Unemployment rate has now remained below 4% for 26 consecutive months. The longest streak since the 1960s. Since 1989, 96% of jobs have been created under democrat presidents.
@thirdperson
Blockbuster US jobs report surpasses all expectations!
CNN -
Job growth remains plentiful at American businesses!
Employers added a whopping 303,000 jobs in March! The total far surpasses economists’ expectations of 205,000, according to FactSet consensus estimates!
And the unemployment rate fell to 3.8%, according to the Bureau of Labor Statistics - which as Thirdperson pointed out - our 26th consecutive month below 4% - which also far surpasses expectations previously forecast of the Biden admin when it first took office under very extreme circumstances.
The success of the Biden admin - after only 3 years - despite being dealt a horrific hand by the previous admin and constant rightwing propaganda falsely telling the American public that everything is bad and we are all doomed - is almost akin to the NE Patriots in SuperBowl 51 versus the Falcons - overcoming extreme obstacles to achieve success!
Quote Originally Posted by thirdperson:
Labor department reports over 300,000 jobs have been created in March. Unemployment rate has now remained below 4% for 26 consecutive months. The longest streak since the 1960s. Since 1989, 96% of jobs have been created under democrat presidents.
@thirdperson
Blockbuster US jobs report surpasses all expectations!
CNN -
Job growth remains plentiful at American businesses!
Employers added a whopping 303,000 jobs in March! The total far surpasses economists’ expectations of 205,000, according to FactSet consensus estimates!
And the unemployment rate fell to 3.8%, according to the Bureau of Labor Statistics - which as Thirdperson pointed out - our 26th consecutive month below 4% - which also far surpasses expectations previously forecast of the Biden admin when it first took office under very extreme circumstances.
The success of the Biden admin - after only 3 years - despite being dealt a horrific hand by the previous admin and constant rightwing propaganda falsely telling the American public that everything is bad and we are all doomed - is almost akin to the NE Patriots in SuperBowl 51 versus the Falcons - overcoming extreme obstacles to achieve success!
"Although the hotter-than-expected print raises questions about the timing for the Fed’s first interest rate cut, continued labor market strength remains encouraging for the economy! Additionally, wage pressure came in line with expectations, proving some comfort in a hot report," said Michelle Cluver, head of ETF model portfolios at Global X.
"Although the hotter-than-expected print raises questions about the timing for the Fed’s first interest rate cut, continued labor market strength remains encouraging for the economy! Additionally, wage pressure came in line with expectations, proving some comfort in a hot report," said Michelle Cluver, head of ETF model portfolios at Global X.
“That was hugely important in reducing pressure on wages and labor costs, but at the same time, allowing employers to hire therefore putting more money in consumers’ pockets,” she said.
That then begs the question: How much more can better labor supply slow inflation?
There is still room for improvement, economists say, but it’s not clear if those gains will be enough to tug inflation all the way to the Fed’s 2% target.
“I think that the labor force story can last through 2024. It will not be as strong as it was in 2023 and 2022, but nevertheless, we think that will help pull inflation lower,” Michael Gapen, chief US economist at Bank of America, told CNN.
“That was hugely important in reducing pressure on wages and labor costs, but at the same time, allowing employers to hire therefore putting more money in consumers’ pockets,” she said.
That then begs the question: How much more can better labor supply slow inflation?
There is still room for improvement, economists say, but it’s not clear if those gains will be enough to tug inflation all the way to the Fed’s 2% target.
“I think that the labor force story can last through 2024. It will not be as strong as it was in 2023 and 2022, but nevertheless, we think that will help pull inflation lower,” Michael Gapen, chief US economist at Bank of America, told CNN.
“That was hugely important in reducing pressure on wages and labor costs, but at the same time, allowing employers to hire therefore putting more money in consumers’ pockets,” she said. That then begs the question: How much more can better labor supply slow inflation? There is still room for improvement, economists say, but it’s not clear if those gains will be enough to tug inflation all the way to the Fed’s 2% target. “I think that the labor force story can last through 2024. It will not be as strong as it was in 2023 and 2022, but nevertheless, we think that will help pull inflation lower,” Michael Gapen, chief US economist at Bank of America, told CNN.
Markets took a big hit today, but I am confident they bounce back.
Quote Originally Posted by fubah2:
“That was hugely important in reducing pressure on wages and labor costs, but at the same time, allowing employers to hire therefore putting more money in consumers’ pockets,” she said. That then begs the question: How much more can better labor supply slow inflation? There is still room for improvement, economists say, but it’s not clear if those gains will be enough to tug inflation all the way to the Fed’s 2% target. “I think that the labor force story can last through 2024. It will not be as strong as it was in 2023 and 2022, but nevertheless, we think that will help pull inflation lower,” Michael Gapen, chief US economist at Bank of America, told CNN.
Markets took a big hit today, but I am confident they bounce back.
Quote Originally Posted by fubah2: “That was hugely important in reducing pressure on wages and labor costs, but at the same time, allowing employers to hire therefore putting more money in consumers’ pockets,” she said. That then begs the question: How much more can better labor supply slow inflation? There is still room for improvement, economists say, but it’s not clear if those gains will be enough to tug inflation all the way to the Fed’s 2% target. “I think that the labor force story can last through 2024. It will not be as strong as it was in 2023 and 2022, but nevertheless, we think that will help pull inflation lower,” Michael Gapen, chief US economist at Bank of America, told CNN. Markets took a big hit today, but I am confident they bounce back.
And another hit on Friday. The majority of this due to rising gas prices caused directly by fears of TERRORIST ATTACKS by Iran and their proxies.
Adding to that is the annual inflation caused by switching to summer fuels plus the increased demand for increasing domestic travel by Americans as we move into the warmer weather. People often forget this! In both cases the president is not responsible
Quote Originally Posted by Zeus4par:
Quote Originally Posted by fubah2: “That was hugely important in reducing pressure on wages and labor costs, but at the same time, allowing employers to hire therefore putting more money in consumers’ pockets,” she said. That then begs the question: How much more can better labor supply slow inflation? There is still room for improvement, economists say, but it’s not clear if those gains will be enough to tug inflation all the way to the Fed’s 2% target. “I think that the labor force story can last through 2024. It will not be as strong as it was in 2023 and 2022, but nevertheless, we think that will help pull inflation lower,” Michael Gapen, chief US economist at Bank of America, told CNN. Markets took a big hit today, but I am confident they bounce back.
And another hit on Friday. The majority of this due to rising gas prices caused directly by fears of TERRORIST ATTACKS by Iran and their proxies.
Adding to that is the annual inflation caused by switching to summer fuels plus the increased demand for increasing domestic travel by Americans as we move into the warmer weather. People often forget this! In both cases the president is not responsible
Spending at US retailers rose in March for the second consecutive month, underscoring the strength of the US consumer fueled by a robust job market.
Retail sales rose 0.7% in March from the prior month, a slower pace than February’s upwardly revised 0.9% gain, the Commerce Department reported Monday. That beat the 0.4% increase that economists projected, according to a FactSet poll.
Consumer spending continues!
Spending at US retailers rose in March for the second consecutive month, underscoring the strength of the US consumer fueled by a robust job market.
Retail sales rose 0.7% in March from the prior month, a slower pace than February’s upwardly revised 0.9% gain, the Commerce Department reported Monday. That beat the 0.4% increase that economists projected, according to a FactSet poll.
*Note: because this is 
Blockbuster US jobs report 
The majority of this due to rising gas prices caused directly by fears of TERRORIST ATTACKS by Iran and their proxies.
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