this post was submitted on 10 Jan 2025
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politics

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Summary

The U.S. added 256,000 jobs in December, lowering the unemployment rate to 4.1%, outperforming expectations and reflecting a resilient labor market as President Biden leaves office.

Despite earlier inflation overshadowing a strong labor recovery post-COVID, hiring remains steady, layoffs subdued, and job openings rising.

Forecasters predict gradual hiring growth in 2025, with small-business optimism and easing Federal Reserve policies driving gains.

Economic indicators, like increased consumer borrowing for auto purchases, suggest mixed but improving confidence.

top 44 comments
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[–] [email protected] 7 points 2 hours ago (1 children)
  1. Democrats improve economy (historically statistical fact).

  2. Idiot Americans don't have all their wishes granted so they get mad and vote Republican.

  3. Democrats hand improved economy off to Republicans.

  4. Republicans fuck it up and hand it back off to Democrats.

  5. Rinse and repeat.

[–] [email protected] 8 points 1 hour ago

You forgot

  1. Corporate media and Republicans spend their entire term blaming Democrats for ruining the economy despite Republicans being actively in charge
  2. Dumb fucks believe them
[–] [email protected] 5 points 3 hours ago (1 children)

And watch Trump and the Republicans dip their hands into the work of Democrats to add more into the debt.

[–] [email protected] 1 points 1 hour ago

Trump: hmmm what should I fuck up first???

[–] [email protected] 4 points 3 hours ago

Great jobs report = stock market dives. Apparently.

[–] [email protected] 9 points 4 hours ago

"Sure, the current bus driver fixed the sugar in our gas tank, replaced our flat tires, and got us on the road again. But I still think we should give the previous driver another chance—he promised to drive us to Greenland!"

[–] [email protected] 10 points 5 hours ago (1 children)

What seems to be weird is that "the market" is reacting to this news as if it is bad. From what I gather, it's because they aren't going to get the cheap money they were hoping for (meaning, slashing interest rates, again) because the Fed isn't likely to race to cut them because of jobs?

So now the Dow and S&P are sharply down today...

[–] [email protected] 5 points 3 hours ago

Pretty much yeah. They want there to simultaneously be a healthy and robust economy (to maximize those sales numbers) while also having a terrible labor market to minimize labor costs. Low unemployment means that employees can be picky about job offers, while rampant unemployment means they're more likely to accept extreme low-ball offers. Nevermind that those two are directly linked and it's impossible to achieve both at the same time. Not that the way capitalism is done in the US has ever been sane, logical, or sustainable. Line must go up right?

[–] [email protected] 43 points 7 hours ago (3 children)

And Trump is going to manage to ruin it to benefit a few old rich monsters.

[–] [email protected] 2 points 1 hour ago

At this point I'm done blaming Trump.

This is on idiot Americans.

Too many of us are braindead stupid. Trump can live or die, won't change that.

Our politics and politicians are a reflection of the people of this nation's desires and level of intelligence.

[–] [email protected] 3 points 6 hours ago (1 children)

Yes and no. There's going to be thousands of agriculture etc jobs opening up under him. The problem is there won't be willing or qualified applicants.

Which will at once increase demand for labor. Thus increasing costs for oligarchs. But at the same time throw a monkey wrench into basic supply chains. Causing shortages and crises. He's literally going to hurt everyone. But we all knew that.

[–] [email protected] 3 points 4 hours ago (1 children)

The oligarch are just going to raise prices. The farmer is going to get boned. I expect that to take a bit though, he's vengeful he's going to start with blue states and cities first. So life gets worse for Dem areas first then Dems can be blamed for it as the effects spread to Red areas. Not any different from the Covid response.

[–] [email protected] 3 points 4 hours ago

That will absolutely be their first course of action. The problem with it being. They are near pricing themselves out of the market on many things as is. Quite a lot of inflation has been because of Market control and collusion. Not actual increase in costs. Consumers are struggling currently. Pushing at any harder very likely could cause collapse. Not that many oligarchs won't. They're that out of touch.

[–] [email protected] -1 points 5 hours ago

You mean like what's been happening?

[–] [email protected] 30 points 7 hours ago (2 children)

And all these idiots voted trump "for the economy"

[–] [email protected] 4 points 1 hour ago

"bUsInEsS mAn MaKe AmErIcA bUsInEsS"

Monkeys would be better at electing representatives than Americans are.

[–] [email protected] -4 points 6 hours ago (1 children)
[–] [email protected] 15 points 6 hours ago (2 children)

So why make it worse? Electing trump to fix wages and the economy. Is like opting for castration to treat ED.

[–] [email protected] 5 points 5 hours ago

Uahahahaba Good analogy. I agree.

[–] [email protected] -2 points 4 hours ago (1 children)

Trump voters elected Trump because Biden and Harris kept lying, and even Schumer keeps trying this lie that the economy is doing great.

It's not unless you're too wealthy to care. Trump acknowledged that people are actively suffering worse than any point in the last two decades.

This comment isnt supporting Trump or suggesting he'll fix things, but if you people sont start understanding why things happen and why Dems lost, you'll just keep making up things against your fellow workers and lose even worse in 2026 and 2028.

[–] [email protected] 5 points 3 hours ago (1 children)

That's not a lie. By the metrics they use the economy is doing great. They're using the wrong metrics. The people are not the economy. And not being properly served by it.

Trump voters elected Trump specifically because he lied to them. Just like he did last time. He told them he could fix all these different things and he fixed none of them.

Him acknowledging it isn't necessarily a good thing unless he's actually going to do something to fix it. Which he's not. He will make it worse than the democrats. He did last time. Republicans always do.

Everyone here knows why the Democrats lost. And there were many many reasons. Not just because they did not manipulate voters correctly. Yes they need to address voters concerns better. 100%. But there was also plenty of foreign interference. As well as the fact that we shouldn't discount that the average American voter is ignorant, apathetic, and often fucking stupid when it comes to politics. But regardless of it all. I can guarantee one thing. In five or six years they will have learned nothing from it. Neither the Democrats nor voters.

And you can say that you don't support or defend Trump. But you don't have to bring up Trump to criticize democrats either. Yet you consistently have. You can criticize them on this topic all day long without ever mentioning Trump.

[–] [email protected] 0 points 2 hours ago

No, you can't here. You cannot criticize the Dems without being up Trump, else people think you're supporting Trump. This is a .world community, like post 2009 reddit, binary thinking is the only thing allowed here.

[–] [email protected] 16 points 7 hours ago (2 children)

As someone actively applying to jobs:

Bullshit. What "jobs?" Part time roles at Wal Mart???

[–] [email protected] 13 points 6 hours ago

These reports now include gig jobs so yeah. I'd like to see how many of these are just people picking up a second (or third, or fourth) job to make ends meet

[–] [email protected] 11 points 7 hours ago

Exactly! Every time they report this bs, I think “how many provide a living wage?” Hope you find something soon

[–] [email protected] 3 points 6 hours ago

Don't worry. Good ol' Trumperina will find a way to say that he did that.

[–] [email protected] 1 points 5 hours ago (1 children)

Sturdy doesn't mean it's stable or affordable. Second record high of homelessness, higher than last years record high by 18%, 33% increase since 2020. Credit default through the roof, auto repossession through the roof, 53% of renters can't afford rent. He's handing trump a shitty economy which will likely continue to get worse.

[–] [email protected] 1 points 5 hours ago (1 children)

Yeah I mean it's not like inflation was managed well or anything. It's worse than it was when he (Biden), got in. No, wait... my mistake

[–] [email protected] -2 points 4 hours ago (1 children)

Inflation is you higher now than when Biden was elected, just not for the few factors the government considers inflation for. Housing is more expensive than ever before in US history, and has increased in cost more in the last four years than the proceeding 50.

Biden will go down as one of the worst presidents in world history.

[–] [email protected] 0 points 3 hours ago (1 children)

Hahaha amazing thoughts. I disagree and also you're very wrong. No deep throat here, I think we'll find.

[–] [email protected] 0 points 2 hours ago (2 children)

Well good news, the record homeless and credit defaults don't care about your deep throating of a racist old white conservative.

[–] [email protected] 0 points 1 hour ago (1 children)
[–] [email protected] 0 points 1 hour ago

Yes I understood your out of place reference and made a better joke out of it, what of it?

[–] [email protected] 0 points 2 hours ago (1 children)

I'm pretty sure the next white gammon rhino will definitely address that. Or was he part of the initial cause?

[–] [email protected] 1 points 2 hours ago (1 children)

So Trump is so infinitely powerful that he's definitely the sole cause of the issues under Biden?

Or is your contention that Biden was so inept he did less than nothing to help Americans?

One of those has to be true for your logic to work out, which is it?

[–] [email protected] 0 points 2 hours ago (1 children)

Yeahhhh we're definitely going to solve this here (/s). I'm messing around with you so much because there is simply no way this debate is meaningful, credible, worthwhile and of any merit whatsoever. The very notion that your opinions or mine hold water, to actually affect anything is laughable. I find it incredible that people actually engage in this. We're all shouting into the void. For every point you say about Biden, we could find multiple contrasting for Trump. I care nothing for either of them. I do care however for people that matter. Trump and Biden both give no fucks about us however. Nor does any billionaire on this planet. Yet people rush to point the flaws. They're both shit people with many flaws. I just believe however that Trumps flaws are greater and more damaging to people like me (not a millionaire). Nope I'm one of the exploited ones that seems to lose money to these clowns just by being alive and trying to live. Also re reading your comments is funny. Heads you win, tails I lose. Are you even a voting American?

[–] [email protected] 1 points 1 hour ago (1 children)

Hey good of you to admit you're breaking the comm and instance rules. Good luck little buddy.

[–] [email protected] 1 points 1 hour ago

I'm a born rebel tbh. Take care of yourself yoof.

[–] [email protected] 2 points 7 hours ago (2 children)

Don't worry, donvict aims to fix that, because I keep getting told this is the worst economy ever, eggs cost 20 times what they used to, etc.

I wonder what the Enlightened Centrists (TM) and the dumbfucks that voted for donvict will be saying if/when donvict starts making things actually terrible.

[–] [email protected] 1 points 1 hour ago

I'm assuming idiot Americans will do what they always do and blame the party that is historically better for our economy, has a voting record of voting in favor of the middle/lower classes, hasn't stripped half of Americans of a federally protected human right, and has WAY less convicted criminals in their ranks.

Americans = Stupid

[–] [email protected] 2 points 6 hours ago

As is tradition, they will blame Democrats for the effects of policies chosen by Republicans

[–] [email protected] 1 points 7 hours ago (1 children)

It’s mostly the tech industry who is suffering this year.

[–] [email protected] 0 points 6 hours ago (1 children)

We're less than 2 weeks into the year.

[–] [email protected] 1 points 3 hours ago

Crap I mean 2024