Now can everyone stop talking "RECESSION" ?

[Value Buy]

www.msn.com/en-us/money/markets/us-nonfarm-payrolls-increase-by-the-most-in-10-months/ar-BBXQOkW

These numbers were great.
266,000
October revised upward by 30,000 jobs
September  revised upward also.
Unemployment at 3.5%
Non superviseral workers wages up almost to 4% annual increase.
No inflation.

Recesssion promoters now have to rethink their strategy. They were wrong.

[Deleted]

Fueled on the country credit card, how is that national debt doing?  

When you answer, think how that answer today would be different than your answer in 2015, I know my answer is the same.

It's also great to know we will never have a recession again and never have to talk about it again. 

[mroped]

Recession will happen no matter what. Is the normal cycle of the economy.
What would make this coming recession harder than the ones before will be the fact that while we are at a high in the economy we are wasting money/resources instead of saving away.
The high in the market is fueled just by very few stocks while the rest of them are either stagnant or on a very slow uprise. The crash will send it into a tailspin and when that happens there will be nowhere to get funds to prop it up.
Wait for the shopping season to be over and watch the number of personal bankruptcies jump up!
The well being of a country is not judged by how well 5% of the people are doing but by how everyone is doing.

[busymom]

Nope.  Whatever the reported statistics are, there is plenty of unemployment here.  Maybe the "fake news" starts at the top?  



I agree with @aj that the national debt is going to kick us right where it hurts.

[ModE98]

"It's also great to know we will never have a recession again and never have to talk about it again."

Don't bet your money on that.  Euphoria at the moment is the sign of DANGER to come in a year or two, if not sooner.  

[Tennesseer]

* The end of the GM strike had a big effect, boosting employment in motor vehicles and parts by 41,300, part of an overall 54,000 gain in manufacturing.

The jobs growth was the best since January’s 312,000 and well clear of the November 2018 total of 196,000. While hopes already were up, much of that was based on the return of General Motors workers following a lengthy strike. That dynamic indeed boosted employment in motor vehicles and parts by 41,300, part of an overall 54,000 gain in manufacturing. The vehicles and parts sector had fallen by 42,800 in October.

Jobs growth soars in November as payrolls surge by 266,000


How many of those 'new' jobs will be lost once the holiday season is over?

[Gardening Grandma]

Don't payrolls almost always surge in Nov as store amp up their holiday hiring?

[Tennesseer]

Dec 6, 2019 13:19:18 GMT -5 Gardening Grandma said:

Don't payrolls almost always surge in Nov as store amp up their holiday hiring?

Yup. My former employee planned on hiring about 55,000 temporary employees the vast majority of them domestic for the holiday season. Most of those positions will be eliminated after the holidays. Those numbers will be reflected in the November and December job reports.

[weltschmerz]

Dec 6, 2019 11:01:30 GMT -5 Value Buy said:

www.msn.com/en-us/money/markets/us-nonfarm-payrolls-increase-by-the-most-in-10-months/ar-BBXQOkW

These numbers were great.
266,000
October revised upward by 30,000 jobs
September  revised upward also.
Unemployment at 3.5%
Non superviseral workers wages up almost to 4% annual increase.
No inflation.

Recesssion promoters now have to rethink their strategy. They were wrong.

Just in time for the Christmas rush. You need more mail carriers, more salespeople, more telephone order takers, more truck drivers, etc.
It won't be Christmas all year.

[Value Buy]

Dec 6, 2019 12:46:41 GMT -5 ModE98 said:

"It's also great to know we will never have a recession again and never have to talk about it again."

Don't bet your money on that.  Euphoria at the moment is the sign of DANGER to come in a year or two, if not sooner.  

Mod, he was being sarcastic......

[Value Buy]

Dec 6, 2019 13:30:46 GMT -5 weltschmerz said:

Dec 6, 2019 11:01:30 GMT -5 Value Buy said:

www.msn.com/en-us/money/markets/us-nonfarm-payrolls-increase-by-the-most-in-10-months/ar-BBXQOkW

These numbers were great.
266,000
October revised upward by 30,000 jobs
September  revised upward also.
Unemployment at 3.5%
Non superviseral workers wages up almost to 4% annual increase.
No inflation.

Recesssion promoters now have to rethink their strategy. They were wrong.

Just in time for the Christmas rush. You need more mail carriers, more salespeople, more telephone order takers, more truck drivers, etc.
It won't be Christmas all year.

I bet you never opened the link. Look where the jobs were.
P.S.

U.S. does not need more mail carriers. 
Telephone order takers?
Truck drivers? We have posters here telling everyone the business is busted and they are going bankrupt because of the "recession".
What decade are you living in?

[Deleted]

Dec 6, 2019 13:43:18 GMT -5 Value Buy said:

Dec 6, 2019 12:46:41 GMT -5 ModE98 said:

"It's also great to know we will never have a recession again and never have to talk about it again."

Don't bet your money on that.  Euphoria at the moment is the sign of DANGER to come in a year or two, if not sooner.  

Mod, he was being sarcastic......

I’m like a ray of sunshine, on a cloudy day.

We are essentially celebrating someone getting a $500 annual raise while going out and buying another jet ski on top of their mansion and super car that is increasing their net outflow each month to $10k over their new income while the overall debt keeps on a climbin.

I’m sure the numbers don’t correlate but the gist is accurate.

[Value Buy]

Dec 6, 2019 14:05:53 GMT -5 @aj said:

Dec 6, 2019 13:43:18 GMT -5 Value Buy said:

Mod, he was being sarcastic......

I’m like a ray of sunshine, on a cloudy day.

We are essentially celebrating someone getting a $500 annual raise while going out and buying another jet ski on top of their mansion and super car that is increasing their net outflow each month to $10k over their new income while the overall debt keeps on a climbin.

I’m sure the numbers don’t correlate but the gist is accurate.

I get it. You and others just cannot accept the President, who is rich, actually does things to help the downtrodden.
He does not even get us into wars killing our youth......but that is not good enough, although it beats the heck out of the last fifty years of any Presidency in that time frame.

[Value Buy]

I will make it easy for all the naysayers here.
www.cnbc.com/2019/12/06/heres-where-the-jobs-are-for-november-2019-in-one-chart.html

[weltschmerz]

Dec 6, 2019 13:46:58 GMT -5 Value Buy said:

Dec 6, 2019 13:30:46 GMT -5 weltschmerz said:

Just in time for the Christmas rush. You need more mail carriers, more salespeople, more telephone order takers, more truck drivers, etc.
It won't be Christmas all year.

I bet you never opened the link. Look where the jobs were.
P.S.

U.S. does not need more mail carriers. 
Telephone order takers?
Truck drivers? We have posters here telling everyone the business is busted and they are going bankrupt because of the "recession".
What decade are you living in?

So,  more workers aren't being hired for the Christmas rush? 
OK, if you say so.

[Gardening Grandma]

Dec 6, 2019 14:15:39 GMT -5 Value Buy said:

Dec 6, 2019 14:05:53 GMT -5 @aj said:

I’m like a ray of sunshine, on a cloudy day.

We are essentially celebrating someone getting a $500 annual raise while going out and buying another jet ski on top of their mansion and super car that is increasing their net outflow each month to $10k over their new income while the overall debt keeps on a climbin.

I’m sure the numbers don’t correlate but the gist is accurate.

I get it. You and others just cannot accept the President, who is rich, actually does things to help the downtrodden.
He does not even get us into wars killing our youth......but that is not good enough, although it beats the heck out of the last fifty years of any Presidency in that time frame.

"Helping the downtrodden"....He's cutting food aid for 700,000 people.....  

[busymom]

Ok, speaking directly to the graph presented:  I live in an area that makes a lot of money from tourism.  Of course they need more workers in the leisure & hospitality, and the travel industry.  It's the holidays.  A lot of people travel over the holidays, and the transportation industry, and the hotels will need additional help (not to mention the restaurants).  Once the holidays are over, it's "back to normal", until the next major holiday, or Summer vacation season.

[Deleted]

Dec 6, 2019 14:15:39 GMT -5 Value Buy said:

Dec 6, 2019 14:05:53 GMT -5 @aj said:

I’m like a ray of sunshine, on a cloudy day.

We are essentially celebrating someone getting a $500 annual raise while going out and buying another jet ski on top of their mansion and super car that is increasing their net outflow each month to $10k over their new income while the overall debt keeps on a climbin.

I’m sure the numbers don’t correlate but the gist is accurate.

I get it. You and others just cannot accept the President, who is rich, actually does things to help the downtrodden.
He does not even get us into wars killing our youth......but that is not good enough, although it beats the heck out of the last fifty years of any Presidency in that time frame.

Nice deflection, you just need to add to it that he has done it while putting us in an absolutely perilous situation with our national debt.

In 2015 you would have been screaming about it, in 2019 your view is that of a borrow and spend Trump Republican.

[clarkrl2]

At this time there is no evidence in the economic data that suggests impending inflation.

National debt is increasing but there is not a Presidential candidate running who is advocating cutting the national debt. Even if a President decided to try to cut the debt there seems to be no real evidence congress would support policies which would lower the debt.

[busymom]

BTW, on the national news tonight they mentioned that 50,000 of the 266,000 includes the 50,000 GM employees who returned to work after their strike.  So, newly employed  number is probably closer to 216,000.

[clarkrl2]

The jobs reports numbers are seasonally adjusted.

www.bls.gov/cps/seasfaq.htm

This link is from the Bureau of Labor Statistics. 

This data should be looked at in terms of trends and the trend has been good.

[Value Buy]

Some interesting statistics for every state concerning jobs lost or gained by each state. Even in states that lost jobs, most had falling unemployment rates.

www.msn.com/en-us/money/career/states-that-have-gained-or-lost-the-most-jobs-in-2019/ss-BBX0nls?li=BBnb7Kz#image=1

[Value Buy]

Dec 6, 2019 18:44:41 GMT -5 busymom said:

BTW, on the national news tonight they mentioned that 50,000 of the 266,000 includes the 50,000 GM employees who returned to work after their strike.  So, newly employed  number is probably closer to 216,000.

If anyone follows CNBC, they report economists claim anything over 100,000 new jobs a month is considered as taking care of all new people entering the jobs market, at this  time. Anything over this number helps lower the unemployed number.

 

[Value Buy]

Dec 6, 2019 15:18:39 GMT -5 busymom said:

Ok, speaking directly to the graph presented:  I live in an area that makes a lot of money from tourism.  Of course they need more workers in the leisure & hospitality, and the travel industry.  It's the holidays.  A lot of people travel over the holidays, and the transportation industry, and the hotels will need additional help (not to mention the restaurants).  Once the holidays are over, it's "back to normal", until the next major holiday, or Summer vacation season.

If I remember correctly you are in Florida?
Orlando vacation area is year round, not seasonal. 
In swfl, it is more of a seasonal thing, but business is still looking for help all summer long,
Same for Miami and Daytona  areas.....
In swfl "season" used to be January through March. Now it is considered in season from November through mid May, then June through mid August picks up again as school is out. Basically year round unless a hurricane comes through.

[Value Buy]

Dec 6, 2019 15:09:18 GMT -5 Gardening Grandma said:

Dec 6, 2019 14:15:39 GMT -5 Value Buy said:

I get it. You and others just cannot accept the President, who is rich, actually does things to help the downtrodden.
He does not even get us into wars killing our youth......but that is not good enough, although it beats the heck out of the last fifty years of any Presidency in that time frame.

"Helping the downtrodden"....He's cutting food aid for 700,000 people.....  

Single people who are considered healthy. Foodstamps were never supposed to be used for years. No children or wives/husbands involved.

[busymom]

Dec 7, 2019 6:15:38 GMT -5 Value Buy said:

Dec 6, 2019 15:18:39 GMT -5 busymom said:

Ok, speaking directly to the graph presented:  I live in an area that makes a lot of money from tourism.  Of course they need more workers in the leisure & hospitality, and the travel industry.  It's the holidays.  A lot of people travel over the holidays, and the transportation industry, and the hotels will need additional help (not to mention the restaurants).  Once the holidays are over, it's "back to normal", until the next major holiday, or Summer vacation season.

If I remember correctly you are in Florida?
Orlando vacation area is year round, not seasonal. 
In swfl, it is more of a seasonal thing, but business is still looking for help all summer long,
Same for Miami and Daytona  areas.....
In swfl "season" used to be January through March. Now it is considered in season from November through mid May, then June through mid August picks up again as school is out. Basically year round unless a hurricane comes through.

     Unfortunately, we're not in Orlando.  Even the locals joke about the seasonal nature of the tourist visits here.     Not to mention, the snowbirds.  On the positive side, since I like to walk on the beach, I kind of like the months where I don't need to share with the tourists.  Cooler temps don't bother me at all.  

[Deleted]

Dec 6, 2019 18:43:53 GMT -5 clarkrl2 said:

At this time there is no evidence in the economic data that suggests impending inflation.

National debt is increasing but there is not a Presidential candidate running who is advocating cutting the national debt. Even if a President decided to try to cut the debt there seems to be no real evidence congress would support policies which would lower the debt.

So we shouldn’t vote on an issue that’s near and dear because any other politician isn’t focused on it?

That is the damned problem, nobody cares about the debt time bomb because it is after their term.

So let’s celebrate the great jobs number today while our children and grandchildren drown in our red ink.

[Value Buy]

Dec 7, 2019 21:12:11 GMT -5 @aj said:

Dec 6, 2019 18:43:53 GMT -5 clarkrl2 said:

At this time there is no evidence in the economic data that suggests impending inflation.

National debt is increasing but there is not a Presidential candidate running who is advocating cutting the national debt. Even if a President decided to try to cut the debt there seems to be no real evidence congress would support policies which would lower the debt.

So we shouldn’t vote on an issue that’s near and dear because any other politician isn’t focused on it?

That is the damned problem, nobody cares about the debt time bomb because it is after their term.

So let’s celebrate the great jobs number today while our children and grandchildren drown in our red ink.

Back in the day the young babyboomers said this same damn thing about their parents and the debt bomb.
Nothing changed other than the problem got worse on the babyboomer watch.

[countrygirl2]

I've read over half the population is working in low wage jobs.  No one is saving or getting ahead in that scenario, a few rich 5% can't carry the economy, so many folks are on food stamps. Not only are they low wage jobs but less then 40 hours.

[Gardening Grandma]

Dec 8, 2019 10:09:55 GMT -5 Value Buy said:

Dec 7, 2019 21:12:11 GMT -5 @aj said:

So we shouldn’t vote on an issue that’s near and dear because any other politician isn’t focused on it?

That is the damned problem, nobody cares about the debt time bomb because it is after their term.

So let’s celebrate the great jobs number today while our children and grandchildren drown in our red ink.

Back in the day the young babyboomers said this same damn thing about their parents and the debt bomb.
Nothing changed other than the problem got worse on the babyboomer watch.

The problem got WAY worse the last three years...