1. #5971
    Service Manager 5,000+ Posts
    The Shining City Upon a Hill

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    Re: The Shining City Upon a Hill

    Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969



    • Initial jobless claims totaled 199,000 last week, the lowest total since November 1969.
    • Second-quarter GDP growth was revised slightly higher to 2.1%, a bit below estimates.
    • Orders for long-lasting goods fell 0.5% for the month, below the expectation for a small gain.




    The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday.

    New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous week’s 270,000.




  2. #5972
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by slimslob View Post
    And now any of the crude that makes it down to Texas refineries will do so by rail tanker cars. Those tanker trains will pass through major US cities. One derailment will create a much larger environmental tragedy than the pipe ever could.
    Fuck Joe Biden

    Sent from my SM-G960U using Tapatalk

  3. #5973
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by SalesServiceGuy View Post
    Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969



    • Initial jobless claims totaled 199,000 last week, the lowest total since November 1969.
    • Second-quarter GDP growth was revised slightly higher to 2.1%, a bit below estimates.
    • Orders for long-lasting goods fell 0.5% for the month, below the expectation for a small gain.




    The ranks of those submitting jobless claims tumbled to their lowest level in more than 52 years last week, the Labor Department reported Wednesday.

    New filings totaled 199,000, a number not seen since Nov. 15, 1969, when claims totaled 197,000. The report easily beat Dow Jones estimates of 260,000 and was well below the previous week’s 270,000.



    Most of those people have just stopped looking for work because the goobermint pays them more to sit on their asses.
    Some are working under the table.
    Some are doing their own thing and haven't declared with the gooberment their change in status.
    Too many variables to pin it on one facet of the equation.

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  4. #5974
    Retired 10,000+ Posts slimslob's Avatar
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by SalesServiceGuy View Post
    Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969
    You're missing one very important word, NEW. All that indicates is the rate of people losing their jobs has slowed, for now. It also means that seasonal jobs are coming available. That will end in about two months.

  5. #5975
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by slimslob View Post
    You're missing one very important word, NEW. All that indicates is the rate of people losing their jobs has slowed, for now. It also means that seasonal jobs are coming available. That will end in about two months.

    ... it almost means a stunning validation that President Biden's plans for turning the economy around and making jobs available for anyone who wants one is working.


    More jobs were lost during the Trump administration than any other in history. Approximately 4 million fewer people were employed from January 2017 to September 2020, according to the most recent publicly available data.

  6. #5976
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    Re: The Shining City Upon a Hill

    For many years now, I've told my close friends and family that socialism will eventually win out and get it's day in the sun. Let's face it, it's not that difficult to convince a bunch of people that the reason they're not successful is because some rich man is to blame. People don't like to blame themselves.

    I also said that socialism would quickly fail but only when the pain to stay the same exceeds the pain to change.

    We're starting to feel the the pain of bail reform. Crime is way up, Murder is way up. We just had a mass murder by a guy that should have never been let out on bail. We're starting the feel the pain at the pump via Joe's energy policy.

    I predict that the massive 1.5 trillion dollar spending bill will drive inflation higher and that will be the final death knell of the socialist/Marxist agenda.

    Just hang in there, this could be a net positive for the country in the long run.
    Embrace the process, not the outcome.

  7. #5977
    IT Manager 10,000+ Posts bsm2's Avatar
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by BillyCarpenter View Post
    For many years now, I've told my close friends and family that socialism will eventually win out and get it's day in the sun. Let's face it, it's not that difficult to convince a bunch of people that the reason they're not successful is because some rich man is to blame. People don't like to blame themselves.

    I also said that socialism would quickly fail but only when the pain to stay the same exceeds the pain to change.

    We're starting to feel the the pain of bail reform. Crime is way up, Murder is way up. We just had a mass murder by a guy that should have never been let out on bail. We're starting the feel the pain at the pump via Joe's energy policy.

    I predict that the massive 1.5 trillion dollar spending bill will drive inflation higher and that will be the final death knell of the socialist/Marxist agenda.

    Just hang in there, this could be a net positive for the country in the long run.
    Let's see so far the Republicans are against everything that makes America Great.
    Let's go through the List

    Election Reform Nope
    Roads Nope
    Bridges Nope
    Airports Nope
    Ports Nope
    Child Care Nope
    Pre K school Nope
    VA hospitals Nope
    Healthcare Nope
    Reduce drugs Nope
    Minimun Wage Nope
    Rule of Law Nope
    Taxing the Rich Nope
    Hearing Aids Nope
    Lead Pipes Nope
    Clean energy Nope
    Clean Air Nope
    Clean Water Nope
    Defeating Covid19 Nope
    Paying the National Debt Nope


    The list goes on .

  8. #5978
    IT Manager 10,000+ Posts bsm2's Avatar
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    Re: The Shining City Upon a Hill


  9. #5979
    IT Manager 10,000+ Posts bsm2's Avatar
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    Re: The Shining City Upon a Hill

    Germany is giving nearly two million workers a 25% pay rise

  10. #5980
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by Phil B. View Post
    ANYTHING that isn't produced in the USA is missing from shelves.
    Anything grown/produced here in the USA is also in short supply due to cost to move it over the land.
    50millions barrels that are being released FROM OUR BACK UP SUPPLIES, 1/3 of that is being sold to China and India.
    Joe doesn't give a FUCK about Americans.. but rather his WORLD BUDDIES!
    #ChinaJoe

    Sent from my SM-G960U using Tapatalk

    ... what the USA does have is a surplus of biased fools who loyally follow an ex President who strongest skill is grifting his followers out of their money.

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