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Post by cadman on Feb 2, 2024 7:01:00 GMT -5
January jobs report is due out today and is expected to show the jobs market is still strong with unemployment at 3.8%. Economists expect the unemployment numbers to rise to 4.1% this year and that will not be a bad thing as long as it doesn't go any higher. The "soft landing" the Fed wants. Here is an alternative view of those layoffs and why they are not the end of the world. www.cbsnews.com/news/layoffs-economy-2024-why-are-job-cuts-happening/
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Post by johngalt on Feb 2, 2024 9:38:48 GMT -5
January jobs report is due out today and is expected to show the jobs market is still strong with unemployment at 3.8%. Economists expect the unemployment numbers to rise to 4.1% this year and that will not be a bad thing as long as it doesn't go any higher. The "soft landing" the Fed wants. Here is an alternative view of those layoffs and why they are not the end of the world. www.cbsnews.com/news/layoffs-economy-2024-why-are-job-cuts-happening/ They are not the end of the world, as long as you’re not the one getting laid off!😁😁😁😁
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Post by nuevowavo on Feb 2, 2024 15:56:01 GMT -5
"January jobs report expected to show that hiring slowed last month" www.foxbusiness.com/economy/january-jobs-report-expected-show-hiring-slowed-last-month
"U.S. heads toward slow recovery with 353,000 jobs added in January"
""So much for the cooling labor market," said Robert Frick, corporate economist with Navy Federal Credit Union. "The best part of the blockbuster number is how widespread the hiring has become. ... This shows a growing labor market reflecting a broad-based economic expansion, and not just recoveries in a few sectors such as health care and government."
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Post by tonyroma on Feb 2, 2024 22:10:07 GMT -5
Some would call this economy resilient.
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Post by luapnor on Feb 3, 2024 21:29:41 GMT -5
Southern border.
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Post by johngalt on Feb 4, 2024 8:27:14 GMT -5
Your first mistake is going to Subway, which sucks. Subway was losing money in 2019. Subway was sold to Roark Capital which owns Jimmy Johns, Sonic, Arbys, Miller's Ale House, and a bunch of others last year due to financial issues. My guess is they are trying to get Subway back in the black after paying $9 billion for the company. Prices also vary by region and franchise owner. Not sure where you saw $9.49 for a 6 inch. Are you serious? Or are you just one of those that can find a silver lining in the brutal murder of your entire family? You know, like; look at all the money I will save this Christmas!😂 Or; I can go fishing like I wanted to instead of attending that reunion. 😎
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Post by cadman on Feb 4, 2024 8:59:41 GMT -5
Your first mistake is going to Subway, which sucks. Subway was losing money in 2019. Subway was sold to Roark Capital which owns Jimmy Johns, Sonic, Arbys, Miller's Ale House, and a bunch of others last year due to financial issues. My guess is they are trying to get Subway back in the black after paying $9 billion for the company. Prices also vary by region and franchise owner. Not sure where you saw $9.49 for a 6 inch. Are you serious? Or are you just one of those that can find a silver lining in the brutal murder of your entire family? You know, like; look at all the money I will save this Christmas!😂 Or; I can go fishing like I wanted to instead of attending that reunion. 😎 What are you talking about? Prices go up. it is part of life. Subway sucks, it is part of life. I can get a footlong sub at Publix for less than $10. Who would pay $9 for a crappy six inch subway sandwich?
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Post by luapnor on Feb 4, 2024 9:05:39 GMT -5
305,000 laid off in 2023
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Post by johngalt on Feb 4, 2024 9:19:37 GMT -5
Are you serious? Or are you just one of those that can find a silver lining in the brutal murder of your entire family? You know, like; look at all the money I will save this Christmas!😂 Or; I can go fishing like I wanted to instead of attending that reunion. 😎 What are you talking about? Prices go up. it is part of life. Subway sucks, it is part of life. I can get a footlong sub at Publix for less than $10. Who would pay $9 for a crappy six inch subway sandwich? What did that sub cost you a year ago? And I bet if you would pay attention you will notice it’s probably a little smaller now too. It’s not just about a sub. It’s about the economy and the financial security of this country. Why can’t you just admit that we are a country deep in debt? And a unsustainable debt?
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Post by luapnor on Feb 4, 2024 11:28:53 GMT -5
What are you talking about? Prices go up. it is part of life. Subway sucks, it is part of life. I can get a footlong sub at Publix for less than $10. Who would pay $9 for a crappy six inch subway sandwich? What did that sub cost you a year ago? And I bet if you would pay attention you will notice it’s probably a little smaller now too. It’s not just about a sub. It’s about the economy and the financial security of this country. Why can’t you just admit that we are a country deep in debt? And a unsustainable debt? He has to always change the subject AWAY from Biden.
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Post by cadman on Feb 4, 2024 14:57:46 GMT -5
What are you talking about? Prices go up. it is part of life. Subway sucks, it is part of life. I can get a footlong sub at Publix for less than $10. Who would pay $9 for a crappy six inch subway sandwich? What did that sub cost you a year ago? And I bet if you would pay attention you will notice it’s probably a little smaller now too. It’s not just about a sub. It’s about the economy and the financial security of this country. Why can’t you just admit that we are a country deep in debt? And a unsustainable debt? we've been deep in debt as a country for decades and decades. This came up during the recession when the debt climbed quickly and hit 100% of GDP and everyone said the U.S. would default and it would be the end of us. 5 to 7 years after that and nobody cared about the debt because the economy was doing great and interest rates were low. Go back to the late 80s and everyone said the debt would destroy us then too. It was claimed it was unsustainable then too due to the high interest rates. Fast forward to the 90s and nobody cared about the debt. Now everyone is upset over the debt again. Give it a few years and nobody will care again. It runs in cycles. Interest rates climb, inflation hits a little hard and everyone panics over the debt. The economy went through a short period of high inflation at the end of 2021 and 2022. It hit a high of 9.1 mid year 2022 and then started dropping and December 2023 was 3.4%. It will continue to decrease over 2024. Unemployment is at 3.7% and wages are increasing. Interest rates will drop in 2024. The economy is in pretty good condition right now. Hopefully that continues for the next couple of years. Does congress need to address deficit spending. sure they do. Do they need to fix Social Security, sure they do. Things are not perfect and there is work that needs to be done. But the end is not near and the U.S. will survive and endure.
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Post by johngalt on Feb 4, 2024 15:55:18 GMT -5
What did that sub cost you a year ago? And I bet if you would pay attention you will notice it’s probably a little smaller now too. It’s not just about a sub. It’s about the economy and the financial security of this country. Why can’t you just admit that we are a country deep in debt? And a unsustainable debt? we've been deep in debt as a country for decades and decades. This came up during the recession when the debt climbed quickly and hit 100% of GDP and everyone said the U.S. would default and it would be the end of us. 5 to 7 years after that and nobody cared about the debt because the economy was doing great and interest rates were low. Go back to the late 80s and everyone said the debt would destroy us then too. It was claimed it was unsustainable then too due to the high interest rates. Fast forward to the 90s and nobody cared about the debt. Now everyone is upset over the debt again. Give it a few years and nobody will care again. It runs in cycles. Interest rates climb, inflation hits a little hard and everyone panics over the debt. The economy went through a short period of high inflation at the end of 2021 and 2022. It hit a high of 9.1 mid year 2022 and then started dropping and December 2023 was 3.4%. It will continue to decrease over 2024. Unemployment is at 3.7% and wages are increasing. Interest rates will drop in 2024. The economy is in pretty good condition right now. Hopefully that continues for the next couple of years. Does congress need to address deficit spending. sure they do. Do they need to fix Social Security, sure they do. Things are not perfect and there is work that needs to be done. But the end is not near and the U.S. will survive and endure. You do know that government spending and printing money is the main cause of inflation? Not to mention the devaluation of your savings and investments? But since it’s been going on for a few decades it’s no big deal. Especially since you’re not a little kid or a young adult trying to get ahead. 👍
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Post by richm on Feb 4, 2024 16:10:33 GMT -5
What does it take for a young adult to be successful?
Do they need to afford a house right out of school? Doesnt everyone have a “how i got my down payment story”? I remember those when i was saving to buy.
How about:
I know a 25 yr old girl making about $52k who recently turned down a 10 yr plan to being a department manager and partner at a company. Easy 6 digits and annual distribution check.
Wouldnt you call that successful?? Or no cause she didnt get it now before she was fully trained and capable?
People saying american dream is dead cause they dont get everything they want right now. We have folks risking their lives to get here cause the american dream is dead. Folks need to learn how to earn their way and stop expecting handouts.
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Post by misterjr on Feb 4, 2024 16:22:26 GMT -5
Boomers have all the money.
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Post by conchydong on Feb 4, 2024 16:40:12 GMT -5
Most boomers that I know had to survive on their own once they were 18 years old unless their parents were super wealthy. A lot of the kids today. don’t want to take on the challenge of trying to make it on their own because it entails sacrifice.
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