Announcement

Collapse
No announcement yet.

U.S. Employment At Lowest Level In A Decade, Signalling Time For A Recession?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts
  • reynolds
    Senior Member
    • Oct 2018
    • 1569

    U.S. Employment At Lowest Level In A Decade, Signalling Time For A Recession?





    If the U.S. economy was heading into a recession, we would expect to see a slowdown in the employment numbers, and that is precisely what is happening.


    According to payroll processing firm ADP, the U.S. economy only added 27,000 new jobs in May, and that is way below the number that is needed just to keep up with population growth. Of course, some in the mainstream media are attempting to put a positive spin on this, but there really is no denying that this is a truly awful number. In fact, we have not seen a number this bad in more than 9 years

    The reading was the worst since around the time the economic expansion began and the jobs market bottomed in March 2010 with a loss of 113,000. 9 years is a very long time, but this terrible employment number is perfectly consistent with all of the other horrible economic numbers that have been rolling in lately. The U.S. economy has not been in such rough shape in nearly a decade, and things just keep getting worse.

    The tariffs on Mexico, set to go in effect on Monday, would cost Texas alone more than 117,000 jobs, according to the analysis by The Perryman Group, an economic consulting firm. Texas is Mexico’s largest export market, making the two economies closely intertwined. It certainly appears that a major economic downturn is developing just in time for the 2020 presidential election.

    In other words, they are dumping the dollar in favor of their own national currencies when trading with each other. This is a direct threat to the international dominance of the U.S. dollar, and other countries have been discussing similar moves. For decades, the U.S. dollar has essentially been a global currency. More dollars are actually used outside of the United States than within this country ... This has given us some enormous advantages in the global marketplace, and it could be just a matter of time before those advantages begin to disappear. Things that used to take months or years to happen are now happening in a matter of days. Read more ...
  • reynolds
    Senior Member
    • Oct 2018
    • 1569

    #2
    Re: U.S. Employment At Lowest Level In A Decade, Signalling Time For A Recession?

    I've cut out a lot of this article because it is just pure lies. The economy to some is a matter of economics alone, where supply and demand is a constant for everyone. Not true.

    1) The stock market must rise in response to inflation which affects everything. Stock prices must reflect the cost of doing business, and not because industry is doing a booming job.

    2) That we are destitute without foreigners flooding in. The real truth is in the statistics which show that illegals, Hispanics and Blacks rely the most on welfare.

    3) That interest rates are the culprit, no make that tariffs this time. We did just fine for years, before tariffs become a popular word again. It only shows that we have no faith in a more self-sufficient economy. Are we really in bad shape if China withholds rare elements we need to make weapons?

    4) That the stock market reacts to good news. Does your own household situation rely on good news? If the nation was in such great shape and we were all working, why would bad news somewhere hurt our wallets?

    Comment

    • Fred O'Malley
      I AM THE PALE HORSEMAN
      • Apr 2013
      • 171460

      #3
      Re: U.S. Employment At Lowest Level In A Decade, Signalling Time For A Recession?

      Just to keep the record straight, current estimates are that 60M wetbacks live in our country. The MSM has been reporting 11M for 30 years.
      Government is a DISEASE - FREEDOM is the CURE
      Integrity is doing the right thing when no one else is watching.
      “Men fear thought as they fear nothing else on earth — more than ruin, more even than death. Thought is subversive and revolutionary, destructive and terrible, thought is merciless to privilege, established institutions, and comfortable habits; thought is anarchic and lawless, indifferent to authority, careless of the well-tried wisdom of the ages. Thought looks into the pit of hell and is not afraid … Thought is great and swift and free, the light of the world, and the chief glory of man.”Bertrand Russell, Why Men Fight

      Comment

      Latest Posts

      Collapse

      Legal Notice
      Working...
      X