Sweet Tea!🍵

Another successful jobs report.

The jobs report for August shows a modest amount of jobs. Still better than his predecessor. President Joe Biden can say he created more jobs than Washed Up 45.

Democrats win a seat in Alaska. They hold onto a seat in New York. They lost a seat in Texas. Kansas rejects an abortion ban. Republicans are angry over Obstructionist Leader Karen McConnell (R-KY) downplaying the Republican chances of winning back Congress.

Biden got the Inflation Reduction Act, the Chips and Science Act and the PACT (Veterans Burn Pit Healthcare Act) passed. The U.S. took out al Qaeda leader Ayman al-Zawahri. His job approval has risen and Washed Up 45 is constantly in trouble. The FBI executed a search on his Mar-a-Lago property and took classified documents. Biden also condemned the former president and his base of extremists.

I will say that the jobs are not paying well and that's a challenge that Congress needs to handle. 

The economy added 315,000 jobs for the month, just below the Dow Jones estimate for 318,000 and well off the 526,000 in July ad the lowest monthly gain since April 2021.

Still better than Washed Up 45.

The unemployment rate rose to 3.7%, two-tenths of a percentage point higher than expectations largely due to a rising labor force participation rate. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons rose to 7% from 6.7%.

Wages continued to rise, though slightly less than expectations. Average hourly earnings increased 0.3% for the month and 5.2% from a year ago, both 0.1 percentage point below estimates.

Professional and business services led payroll gains with 68,000, followed by health care with 48,000 and retail with 44,000. Leisure and hospitality, which had been a leading sector in the pandemic-era jobs recovery, rose by just 31,000 for the month after averaging 90,000 in the previous seven months of 2022.

Manufacturing rose 22,000, financial activities gained 17,000 and wholesale trade increased by 15,000.

Markets reacted positive to the numbers, with Wall Street indicating a positive open for stocks while Treasury yields moved lower.

“There’s something for everybody in this report,” said Michael Arone, chief investment strategist at State Street Global Advisors. “This report supports the Fed’s ability to engineer a soft landing. Markets like it.”

The jobs numbers pose a quandary for a Federal Reserve trying to get inflation under control.

Vice President Kamala Harris visits HBCUs.

Inflation is running near its fastest pace in more than 40 years as a combination of a supply-demand imbalance, massive stimulus from the Fed and Congress, and the war in Ukraine has sent the cost of living soaring.

However, the labor market has held strong even as other aspects of the economy have weakened. Housing in particular is likely in a recession.

“This is a unique period of time, where we have still a relatively tight labor market, where there is still job growth, but companies have started to announce hiring freezes, some companies have announced layoffs,” said Liz Ann Sonders, chief investment strategist at Charles Schwab. “This could very likely be a recession were you don’t see the kind of carnage in the labor market that you see in most recessions.”

Those payroll and wage gains came amid soaring inflation and concerns over a slowing economy that posted negative GDP numbers in the first two quarters of the year, generally considered a telltale sign of recession.

The Fed has been battling the inflation problem with a series of interest rate hikes totaling 2.25 percentage points that are expected to continue into next year. In recent days, leading central bank figures have warned that they have no intention on backing off their policy tightening measures and expect that even when they stop hiking, rates will stay elevated “for some time.”

One key channel the Fed is looking for policy impact is the jobs market. In addition to robust hiring, job openings are outnumbering available workers by a nearly 2-to1 margin, pressuring wages and creating a feedback loop that is sending prices higher for not only gas and groceries but also shelter costs and a variety of other expenses.

The jobs report is “not strong enough to get them to be more aggressive in terms of rate hikes, and not weak enough to have them slow down,” Arone said. “I don’t think today’s jobs report changes anything about the path the Fed was on.”

August’s payroll numbers are generally more volatile than other months. In 2021, the initial estimate of 235,000 eventually was revised up to 483,000. Over the past decade, the average revision for August has been 82,700 higher.

Rep-elect Pat Ryan of New York. His win is a sign of Democrats being energized.

The BLS lowered the June payrolls count to 293,000 from 398,000 and July’s to 526,000 from 528,000, a combined net drop of 107,000 from previous estimates.

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, Ashley 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.

Rep-elect Mary Peltola of Alaska. Democrat defeats loser Palin.

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.