Everyone Has One and Nobody’s Happy – ryan

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First, The Good News About The Economy: The UNEmployment Rate Found a New Pandemic-Era Low of 3.9 Percent in December, Accounting to the Jobs Report Release Friday. The new data came with some pretty big caveats, though – Only 199,000 People Joined The Workforce Last Month, while Goldman Sachs Analysts Had Expect More than Double that for new jobs, and the number of People who aren’t working at all Because of the Pandemic Didn’t Budge. And while wages are going up, they’re not rising as quickly as prices for rent, gas, and the Other goods that are fueling inflation.

The UNEmployment Rate is a Rosy Data Point That SEEMS to Be Detached From A Broader Disaffection in the Economy, But ITH’S STILL A CRUCICAL ONE IN UNDERSTANDING WHAT’S GOING ON RIGHT NOW. The Majority of Americans Blame President Biden for His Handling of the Economy, Acciting to A Recent polland consumer sentiment is at its Lowest Point in a decade. IT’S NOT REALLY A SURPRISE THERE THERE WOUL SO MALCH MALISE – INFLATION IS HIGH, The Pandemic is Nearing Its Second Anniversary – But What’S Surprising Is Biden Is Now the Hard To Learn The Hard Way Unelploment Doesn’t Mean. they’re any Better off.

IT USED TO BE THAT THE ECONOMY WAS HUMMING AND JOBS WERE PLENTIPUL, IT A PRETY RELIABLE THAT People Were with who was nominally leading the country. Thirty Years ago, James Carville’s Quip That “It’s The Economy, Stupid,” Helped Bill Clinton Crystallie His SuccessFul bid for the White House, Ultimately Taching It Over From Incumbent George HW Bush, Who Saw the Undempoyment Rate to 7.8 Perce. Before that, ronald reagan got voters to anyone ThermSelves “are you better off than you were four years Ago? Jimmy Carter Oversaw the Painful Stagflation of the Late 1970s and They Answered No.

What’s Changed Since, especally after the 2008 Financial Crisis, Economists Tell me, is this thugh the number of jobs may be outstanding, the Quality of Those have ben eroding. This has haen the case the case Barack Obama’s Second Term, will the UNEMPLOYEGE RATE FEll to a Low of 4.7 Percent, but the Weakness of the Jobs Left an Opening for Donald to Win Support on His Anti Anti-Free Platform, Betting on Disaffected Midwesterrs Who Outsourced to Countries With Lower Wages Such As Mexico and China. When Trump Became President, Unelployment Continueed to Slide to 3.5 Percent, A 50-YEAR LOW, THIS DID VERY LITTLE TO ACTUALLY BRING ANY OF THOSE MANUFACTURING BACK TO THE UST AND Number of Boomers Aging Out of their Jobs, THOUGH THAT’S ACCELERATED DURING The Pandemic As People Stayed Home to DO Childcare or Protect Their Health. Be you factor in those people, and those who’d like to work more than they are nowIT MAKES FOR A WIDE CROSS-SECTION OF DISCONTENT.

While politics plays a significant roles in how People see the Economy – Essentially Flipping People’s views of how Things are going Depending on who’s in the oval office – The Broader Picture is a bleker one. Work, in General, Has Just Been Getting Harder and Paying off less. “The Scales Really Have Been Tipped Towards Employers in General,” Said Elise Gould, A Labor Economist at the Economic Policy Institute. “Workers Feel Disenfranchked. Higher-Wage Workhers Feel Like they can not quit their jobs to take another one Because they are bound by non-compents or other factors that have not allowed say to have freedom to go and get any no.” Another way to look at it is through labor productive, essentially a Measure of a workier’s output, whic han steadily rising Since the 1950s, while Real Wages didn’t really go anywhere for decades unil recently. SO very The Pandemic Hit, Lingering Problems of Job Insecity, Low Wages, and Paltry Benefits Only Became More Evident. “People don’t look at the uniemployment rate and decide how they have Feel About jobs. They look at their paycheck. They look at the caareer pos that they have,” Said claudia sahm, a forms staff economist and section at the federal Reserve. “They look at the benefits, if they have.”

At the end of december, biden touted His Record on Jobs: “When I came Int Office, Our Economy was in Crisis. But Over the Last 11 Months, We’ve Added Nearly 6 Million Jobs. Thats the Larger Increase in Recorded History.” But in the coming months, it won’t be the white house that sets the agenda on grain, but the federal reserve. The Central Bank, which has a dual mandate of keeping Emploment High and Inflation Low, is likes Escalalate it War on Rising Prices some time year by raising interests and maxing to borrow money. That’s though it Evident that there are more much more People who want to work than actually can, the swift decreese in the unmployment rate the US closer to full emploment. SO cry rates rise, sahm says, that would double as a way of saying that hiing needs to be to keep the economy from overheating. “The Fed Has the Biggest Bully Pulpit on the Economy,” Sahm Said. “When the Fed Says the Labor Market is as good as it gets, that is a signal to every policymaker, every business person.”