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Friday, August 05, 2022

Water Works! 🏄‍♂️

Another successful job report.

President Joe Biden has a string of wins. But also a string of issues that plague him.

Democrats on record saying that they are not confident in supporting him in 2024.

Coronavirus cases are back at all time highs. However, the Centers for Disease Control and Prevention said they will no longer enforce health rules. They are now very concerned with monkeypox. 

The president did declare a public health emergency. However, Republican governors like in Florida and Texas will oppose any mandates to prevent the next pandemic. The president has called for more vaccines to prevent the spread. It has so far affected every state and territory.

The PACT Act which allocated funds to veterans who suffered toxic illnesses from burn pits passed and will be signed into law.

Kansas rejected Republicans attempt to ban abortion. They rejected a ballot measure that would allow state legislature draft an abortion ban. The Supreme Court decision to reject Roe v. Wade is opposed by a majority of Americans.

Republicans picked a handful of extremists as their nominees.

Karen Manchin and Karen Sinema got on board with Chuck Schumer and the Senate Democrats will use reconciliation to pass the Inflation Reduction Act.

The U.S. announced the death of al Qaeda leader Ayman al-Zawahri. He was killed in Kabul, Afghanistan by a CIA drone strike in an affluent neighborhood in the Afghan capital.
Manchin and Schumer reach a deal.

Gas prices have fallen across the nation. Many states have seen prices below $3 a gallon.

Unemployment is now at 3.5% after the U.S. Department of Labor released its jobs numbers saying that 528,000 jobs were added for the month of July.

The U.S. economy added over half a million nonfarm payrolls last month, the Bureau of Labor Statistics announced Friday. Economists surveyed by Bloomberg anticipated a gain of 250,000 payrolls. The print shows job growth rebounding from the month prior as labor demand held steady through the summer.

July’s job creation was up from 398,000 in June and the most since February.

The red-hot jobs numbers from the Labor Department on Friday arrive amid a growing consensus that the U.S. economy is losing momentum. The U.S. economy shrank in the first two quarters of 2022 — an informal definition of recession. But most economists believe the strong jobs market has kept the economy from slipping into a downturn.

The surprisingly strong jobs numbers will undoubtedly intensify the debate over whether the U.S. is in a recession or not.

“Recession – what recession?” wrote Brian Coulton, chief economist at Fitch Ratings, wrote after the numbers came out. “The U.S. economy is creating new jobs at an annual rate of 6 million – that’s three times faster than what we normally see historically in a good year."

Economists had expected only 250,000 new jobs this month.

The Labor Department also revised May and June hiring, saying an extra 28,000 jobs were created in those months. Job growth was especially strong last month in the healthcare industry and at hotels and restaurants.

Hourly earnings posted a healthy 0.5% gain last month and are up 5.2% over the past year — still not enough to keep up with inflation.

The jobless rate fell as the number of Americans saying they had jobs rose by 179,000 and the number saying they were unemployed dropped by 242,000. But 61,000 Americans dropped out of the labor force in July, trimming the share of those working or looking for work to 62.1% last month from 62.2% in June.

The GOP fumes at Biden wins.

The strong job numbers are likely to encourage the Federal Reserve to continue raising interest rates to cool the economy and combat resurgent inflation. “The strength of the labor market in the face of ... rate tightening from the Fed already this year clearly shows that the Fed has more work to do,′ said Charlie Ripley, senior investment strategist at Allianz Investment Management. “Overall, today’s report should put the notion of a near-term recession on the back-burner for now.″

There are, of course, political implications in the numbers being released Friday: Voters have been worried about rising prices and the risk of recession ahead of November’s midterm elections as President Joe Biden’s Democrats seek to maintain control of Congress. The unexpectedly strong hiring number will be welcomed at the White House.

The economic backdrop has been troubling: Gross domestic product — the broadest measure of economic output — fell in both the first and second quarters; consecutive GDP drops is one definition of a recession. And inflation is roaring at a 40-year high.

The resiliency of the current labor market, especially the low jobless rate — is the biggest reason most economists don’t believe a downturn has started yet, though they increasingly fear that one is on the way.

New Yorker Karen Smalls, 46, started looking for work three weeks ago -- via job sites like ZipRecruiter and Indeed -- as support staff to social workers who serve those with mental health issues.

“I didn’t realize how good the job market is right now,” she said shortly after finishing her fifth interview this week. “You look at the news and see all these bad reports ... but the job market is amazing right now.’’ A single mother, she is weighing several offers, looking for one that is close to her home in Manhattan and pays enough to let her take care of her two children.

Recession is not an American problem alone.

In the United Kingdom, the Bank of England on Thursday projected that the world’s fifth-largest economy would slide into recession by the end of the year.

Russia’s war in Ukraine has darkened the outlook across Europe. The conflict has made energy supplies scarce and driven prices higher. European countries are bracing for the possibility that Moscow will keep reducing — and perhaps completely cut off — flows of natural gas, used to power factories, generate electricity and keep homes warm in winter.

If Europeans can’t store enough gas for the cold months, rationing may be required by industry.

Economies have been on a wild ride since COVID-19 hit in early 2020.

The pandemic brought economic life to a near standstill as companies shut down and consumers stayed home. In March and April 2020, American employers slashed a staggering 22 million jobs and the economy plunged into a deep, two-month recession.

But massive government aid — and the Feds decision to slash interest rates and pour money into financial markets — fueled a surprisingly quick recovery. Caught off guard by the strength of the rebound, factories, shops, ports and freight yards were overwhelmed with orders and scrambled to bring back the workers they furloughed when COVID hit.

Pelosi's trip to Taiwan has caused tension with China.

The result has been shortages of workers and supplies, delayed shipments -- and rising prices. In the United States, inflation has been rising steadily for more than a year. In June, consumer prices jumped 9.1% from a year earlier — the biggest increase since 1981.

The Fed underestimated inflation’s resurgence, thinking prices were rising because of temporary supply chain bottlenecks. It has since acknowledged that the current spate of inflation is not, as it was once referred to, “ transitory.”

Now the central bank is responding aggressively. It has raised its benchmark short-term interest rate four times this year, and more rate hikes are ahead.

Higher borrowing costs are taking a toll. Rising mortgage rates, for instance, have cooled a red-hot housing market. Sales of previously occupied homes dropped in June for the fifth straight month.

Real estate companies — including lending firm loanDepot and online housing broker Redfin — have begun laying off workers.

Before Friday’s blockbuster hiring report, the labor market had shown other signs of wobbliness.

The Labor Department reported Tuesday that employers posted 10.7 million job openings in June — a healthy number but the lowest since September.

And the four-week average number of Americans signing up for unemployment benefits — a proxy for layoffs that smooths out week-to-week swings — rose last week to the highest level since November, though the numbers may have been exaggerated by seasonal factors.

“Underestimate the U.S. abor market at your own peril,″ said Nick Bunker, head of economic research at the Indeed Hiring Lab. “Yes, output growth might be slowing and the economic outlook has some clouds on the horizon. But employers are still champing at the bit to hire more workers. That demand may fade, but it’s still red hot right now.″

Republicans see the only path to victory is basically obstruct and complain about the president. They won't offer solutions or policies. All they care about is trying to keep folks angry with culture wars and distractions.

President Joe Biden's headaches:

  1. The Karens in the Republican House and Senate.
  2. Gun violence and Congress not doing anything to stop it.
  3. Inflation.
  4. Two Democratic senators and one independent senator who is a democratic socialist.
  5. The members of The Squad and Progressive Caucus.
  6. The junk food media and their never ending dramatizing of world events.
  7. Anti-Vaxxers. 
  8. Lawmakers and activists who protest the CDC guidelines during the pandemic.
  9. The endless culture wars that Republicans find outrage in.
  10. Washed Up 45 and his minions on Fox, Newsmax, OANN and the internet.
  11. Facebook and TikTok and the idiots who run it and the idiots who post on it.
  12. Fox, The Daily Mail, Newsmax and OANN's relentless talk about conspiracies, Hunter Biden and the president's mental capacity and health.
  13. The endless racism towards Biden's allies Vice President Kamala Harris and former president Barack Obama.
  14. The relentless talk about spending despite the former president's reckless things.
  15. The lack of civility towards fellow Americans.
The Coronavirus and monkeypox doesn't care about your age, race, gender, sexuality, nationality, religion, politics, economic or social standings. It doesn't care about your business, your performances, your personal finances and travel. It doesn't care about the funerals, the birthday parties, the weddings, the vacations, the events and your graduations.

An active shooter doesn't care about the politics, race, gender, sexuality, nationality, religion, your finances, your family, your plans that day, your successes, your failures, and most importantly, your life.

You're not safe in the school, the concert, the hospital, the church, the casino, the bus station, the subway, the light rail train, the buses, the malls, the local big box store, the political rally, the protest rally, the women's center for reproductive surgeries, the mosque, the synagogue, the state buildings, the workplace, the gas station, the family picnic, the food truck rally, the funerals, the birthday parties, the graduations, the wedding, the televised events, the sporting events and many more events that have some terrorist with a firearm. Domestic violence, suicide, racism, culture war inspired, politically motivated and international operative inspired are types of gun violence.

Food prices, energy prices, rent, city services and college education have risen. Companies are struggling to find workers. They are now trying to push incentives to get workers in.

Real Reasons To Why Unemployment Rate Stays The Way It Is!

  1. DEAD
  2. BORN
  3. THE PANDEMIC
  4. CLIMATE CHANGE
  5. IN PRISON
  6. IN ELEMENTARY SCHOOL
  7. IN MIDDLE SCHOOL
  8. IN HIGH SCHOOL
  9. IN COLLEGE NOT LOOKING
  10. VOLUNTEER
  11. DISABLED
  12. STAY AT HOME PARENT
  13. RETIRED 
  14. QUIT ON THEIR OWN
  15. TERMINATED FROM EMPLOYMENT 
  16. NOT HIRING UNQUALIFIED
  17. NOT HIRING TOO QUALIFIED
  18. ACTIVE MILITARY
  19. NATURAL DISASTERS
  20. MASS SHOOTINGS DISRUPT DAILY ROUTINE
  21. BEING LAID OFF DUE TO CLOSING OR STAFF REDUCTION
  22. DESTRUCTION TO FACILITY OR PROPRETY
  23. OUTSOURCING JOBS TO OTHER STATES OR COUNTRIES
  24. BEING UNDOCUMENTED IN FEAR OF I.C.E. OR U.S. AGENCIES
  25. BEING PUBLICLY OUTED ON SOCIAL MEDIA DOING SHAMEFUL ACTS
  26. PARTICIPATING IN UNCIVIL OR VIOLENT PROTESTS

Jobs are looking good despite fears of an economic slowdown and with a roaring pace of inflation, the Bureau of Labor Statistics reported Friday.

Companies are still trying to hire employees. With the average wages stagnant, many are not looking forward to returning to a job that pays dirt wages. Many who worked in the retail, restaurant and low end service industry are not willing to take a job for less than $10 an hour. Matter of fact, no one can survive on $15 an hour.

Republicans don't see the bigger picture itself. They rather continue to believe in conspiracies about people collecting the safety net and not going back to work.

Give them a liveable wage and maybe things might improve in the job market.

We can't always assume that folks are lazy. People are literally dying from being exposed to the coronavirus and folks are tired of the status quo of their jobs.

Many single mothers are having trouble trying to find quality daycare or family members to watch children. On top of that, some have lost family members due to the pandemic. A homemaker may have lost their spouse. Some may have no choice but to watch their children or loved ones due to the aftermath of the pandemic.

Folks are still trying to rebound from medical bills, late rent payments, owing taxes and college loans.

Republicans are white nationalists without a conscience. 

Washed Up 45's presidency and Republican controlled governments killed millions of Americans. Biden has a slim majority in Congress and things can't be done with obstruction from both parties.

Holding these lawmakers accountable is not just a pledge, but a promise. You need to learn who represents your community. Your local community member, your school board member, your mayor, your state representative, your state senator, your governor, your U.S. Representative, your U.S. Senator and the president need to be held accountable for their actions. 

We need to put pressure on Republicans and Democrats to do something to improve everyone's lives.

The call number to the U.S. Capitol is now going to be used. This is the official phone number, 202-224-3121. Let them know that "thoughts and prayers," "hearts going to" and "good guys with guns" are no longer acceptable and you want legislation to curb gun violence. Let them know that women deserve the right to safe medical procedures. Let them know that their failure to pass legislation to lower prices are the reasons why the economy is in a free fall. 

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