Jobs are strong, inflation is cooling — yet recession worries remain | CNN Business

The post-pandemic US economy has tortured economists and defied expectations.

           

https://www.facebook.com/cnn/posts/10163561909301509

Alex Tracy most layoffs are in the tech industry , Amazon who over hired during the pandemic. Not wide spread layoffs. Jobs continue to be created every month. Biden has a 50 year low , 3.5% unemployment. Period. No BSing that away. That means employment. We have more jobs available then people. That's why employment is so strong. Low income wages are making 12% more than under trump.most Wages are up, inflation is lowering. National shutdown was trump. After his stock market started crashing he was back pushing people back to work during the height of the pandemic, Bidens inflations includes the 8 trillion dollar trump spent and the 2 trillion dollar tax cut to corporations and himself. Trump came in at 21 trillion and left at 28 trillion. Bidens debt to the 31 trillion is 3 trillion. Remember NATO and the USA are financing Ukraine's war against Russia. So Biden has the biggest defense budget ever out of that 3 trillion . Your So wrong


Sue Marusic Cronin His 50 year "low" is because of a 40 year low job participation rate. Period. Meaning his false claim of low unemployment is highly flawed. Inflation is still at comical highs. roughly 15% total over the past 2 years. His 3 trillion dollar debt is in less than 2 years. Putting him on target for one of the highest debts. Biden and the US have spent more on the Ukraine proxy war than all others combined. Our economy is in shambles. Mass layoffs are happening under his watch. Highest consumer debt in history. The looming recession should pretty much end his bid for reelection. Which is the only good coming from it.


People are worried about a recession because news hosts are telling them there's one coming (and have been for 2+ years). Stop listening to them. I know someone who owns a construction company. They know MONTHS ahead of time before a real recession is going to hit, because contractors slow down sending them bid requests as their clients pull back. That is NOT happening. They are slammed and are turning away quote requests right now. This is commercial construction (offices, restaurants, etc) so if a recession is here or close to here, it's definitely NOT showing up in the first industry it shows up in.


Alex Tracy trump spent us into 8 trillion dollars debt. Now for reality, the economy is 12.5 million employed strong. 2 million more employed than trump . All Due to Biden. After trump mismanaged pandemic, shut us down and flatlined the economy causing long food lines, unemployment and homelessness. The people tossed him out. Biden had his mess to undo. Annual Inflation is now 5% and heading down. McCarthy s default is going to bring millions into unemployment, raise inflation, and worse. Like trump , McCarthys irresponsibility of his leadership, will flip the house . Count on it . God bless now


Sue Marusic Cronin So 2 million more as the rest was returning, so that's actually pathetic. Alongside the lowest job participation rate in 4p years. Half the 8 trillion in debt was bipartisan covid relief. Biden is well on his way to out spending that. He does have the highest national debt in history btw. Biden has the highest level of layoffs in a quarter since our last recession in 2008. Democrats were at fault for shutdowns. Not a single republican wanted shutdowns. Trump was vocally against them and people like you cried. So get that straight. More people died under Biden in the first 18 months of his presidency. So the mismanagement myth is debunked. Biden had an unbelievable economy to return to. The democrat lockdowns caused all of the unemployment. Bidens inflation has ranged from 9% to 5.5% Thats terrible. Paired with the highest cost of living in history we now have the highest consumer debt in history under Biden. I'm glad I'm able to educate you before you go around sounding foolish like you just did.


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