Still delivering results. |
As we approach the final four months of 2023, I am reminded that I like millions of others are working longer and not getting paid enough for the labor. On top of that, job satisfaction has become very low. Turnover at companies are high.
I am working check-to-check. I am surviving on what means I got.
The jobs report for August is out and it shows modest gain. It also raises the unemployment rate to 3.8%. The nation's employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed.
The job growth marked an increase from July's revised gain of 157,000 but still pointed to a moderating pace of hiring compared with earlier this year. From June through August, the economy added 449,000 jobs, the lowest three-month total in three years.
Friday's report from the Labor Department showed that the unemployment rate rose from 3.5% to 3.8%, the highest level since February 2022 though still low by historical standards. But the rate rose for an encouraging reason: A sizable number of people — 736,000 — began looking for work last month, the most since January, and not all of them found jobs right away. Only people who are actively looking for a job are counted as unemployed.
Indeed, the proportion of Americans who either have a job or are looking for one rose in August to 62.8%, the highest level since the February 2020, before COVID-19 slammed into the U.S. economy.
The August jobs report also showed that wage gains are easing, a trend that may help signal to the Fed that inflation pressures are cooling: Average hourly wages rose 0.2% from July to August and are up 4.3% from August 2022. The year-over-year increase was down from 4.4% in both July and June.
In addition to reporting August job growth, the Labor Department on Friday revised down the gains for June and July by a combined 110,000. A decelerating job market could help shift the economy into a slower gear and reassure the Fed that inflation will continue to decelerate. The Fed’s streak of 11 interest rate hikes have helped slow inflation from a peak of 9.1% last year to 3.2% now. Given signs that inflation has continued to ease, many economists think the Fed may decide no further rate hikes are necessary.
The Fed wants to see hiring slow because intense demand for labor tends to inflate wages and feed inflation. The central bank hopes to achieve a rare “soft landing,” in which its rate hikes would manage to slow hiring, borrowing and spending enough to curb high inflation without causing a deep recession.
Washed Up 45 and the minions. |
Optimism about a soft landing has been growing. The economy, though growing more slowly than it did in the boom that followed the pandemic recession of 2020, has defied the squeeze of increasingly high borrowing costs. The gross domestic product — the economy’s total output of goods and services — rose at a respectable 2.1% annual rate from April to June. Consumers continued to spend, and businesses increased their investments.
The Fed wants to see hiring decelerate because strong demand for workers tends to inflate wages and feed inflation.
So far, the job market has been cooling in the least painful way possible — with few layoffs. The Labor Department reported Thursday that the number of Americans applying for unemployment benefits — a proxy for job cuts — fell for a third straight week.
Well the one thing which is happening is the SAG-AFTRA and WGA strike which affects network and streaming services. The 2023-24 U.S. network schedules is disrupted.
Actors, writers and others in the entertainment industry are struggling. The network executives refuse to negotiate with actors and writers when it comes to royalties, artificial intelligence and syndication payments.
No scripted shows and several game shows will be halted once they finish production.
An automotive strike is looming as well. Members of the United Auto Workers (UAW) union recently voted overwhelmingly to authorize a strike against General Motors, Ford, or Stellantis if the ongoing negotiations regarding a new labor contract fails.
Yellow, one of the oldest trucking company in the country went out of business after it had failed negotiating with Teamsters.
Instead of slashing jobs, companies are posting fewer openings — 8.8 million in July, the fewest since March 2021. And American workers are less likely to leave their jobs in search of better pay, benefits and working conditions elsewhere: 3.5 million people quit their jobs in July, the fewest since February 2021. A lower pace of quits tends to ease pressure on companies to raise pay to keep their existing employees or to attract new ones.
Marjorie Taylor Greene warns Kevin McCarthy that if doesn't impeach Biden, she and Republicans will shut the government down. |
Economists and financial market analysts increasingly think the Fed may be done raising interest rates: Nearly nine in 10 analysts surveyed by the CME Group expect the Fed to leave rates unchanged at its next meeting, Sept. 19-20.
Despite what appears to be a clear trend toward slower hiring, Friday’s jobs report could get complicated. The reopening of school can cause problems for the Labor Department’s attempts to adjust hiring numbers for seasonal fluctuations: Many teachers are leaving temporary summer jobs to return to the classroom.
Washed Up 45 pleads not guilty in his Georgia election fraud case. He and 18 allies are facing RICO and election interference charges. The Republican governor Brian Kemp confirms that he will not participate in the removal of Fulton County district attorney Fani Willis as many state Republicans are vowing to push. The U.S. House Republicans also are working on trying to push for investigations to stifle Willis and Manhattan District Attorney Alvin Bragg.
Former White House Chief of Staff Mark Meadows was rejected by federal courts when he tried to get his indictment in Georgia moved to federal. Harrison Floyd, the Blacks for Trump member is the only conspirator who could not afford bail. He is currently in Fulton County lockup. Rudy Giuliani, Sidney Powell, Jenna Ellis, John Eastman, Kenneth Cheeseboro, Ray Smith, Jeffrey Clark, Michael Roman, Misty Hampton, Robert Cheeley, Scott Hall, Stephen Lee, Trevian Kutti, Cathy Latham, Shawn Still and David Shafer are also criminally charged as well.
Trevian Kutti is a former public relations executive who worked for Ye and R. Kelly, two disgraced hip-hop moguls. She is facing a federal lawsuit from Ruby Freeman and Shaye Moss.
Giuliani was found liable for defamation and will be paying Freeman and Moss after a federal jury decided that his lies costed the reputation of these women.
Former Proud Boys members Enrique Tarrio, Joe Biggs, Zachary Rehl and Christopher Worrell will face justice. Tarrio is expected to face heavy sentencing for planning the Jan. 6 attack as well as violating his probation. Biggs, sobbed in court when he was hit with 17 years for his role. Rehl was hit with 15 years. Worrell is wanted by the feds for failure to appear and will be likely hit with at least the maximum of 40 years if he is convicted.
The noise of the far left. Sen. Bernie Sanders (I-VT), David Hogg and Van Jones are noise and chaos agents against President Joe Biden. Reports about his age, primarying Democrats in swing districts, Biden not focused on "progressive issues" and claims that Vice President Kamala Harris not doing enough for Black America are once again in the spotlight after these agitators started complaining about Biden distancing himself from Washed Up 45's legal woes.
Ukraine has now used military drones in Russia. The attacks are crippling Russian troops and the dictator Vladimir Putin is hinting nuclear war. His former ally Yevgeny Prigozhin died in a plane crash. A eerie video surfaced showing Prigozhin saying he is alive and well.
Mitch McConnell freezes up again. |
Republican lawmakers in the House threaten a government shutdown if they dodon't draft impeachment against Biden. They claim without evidence that Biden took bribes from Ukrainian officials. This along with Hunter Biden have been distractions from Washed Up 45's legal woes.
Hurricane Idalia made landfall in Florida and it has made catastrophic damage in the state as well as Georgia, South Carolina and parts of North Carolina.
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.
- The Republicans in the House of Representatives.
- The media asking him about Washed Up 45's controversies.
- The Supreme Court making controversial decisions that impact the country.
- Gun violence and Congress not doing anything to stop it.
- Inflation.
- Sen. Mitch McConnell (R-KY), Sen. Lindsey Graham (R-SC), Sen. Ted Cruz (R-TX), Sen. Rand Paul (R-KY), Sen. Josh Hawley (R-MO), Sen. J.D. Vance (R-OH), Sen. Joe Manchin (D-WV), Sen. Kyrsten Sinema (I-AZ), Sen. Elizabeth Warren (D-MA) and Sen. Bernie Sanders (I-VT).
- Rep. Kevin McCarthy (R-CA), Rep. Steve Scalise (R-LA), Rep. Ronny Jackson (R-TX), Rep. Paul Gosar (R-AZ), Rep. Jim Banks (R-IN), Rep. Alexandria Ocasio-Cortez (D-NY), Rep. James Comer (R-KY), Rep. Elise Stefanik (R-NY), Rep. Ro Khanna (D-CA), Rep. Jim Jordan (R-OH), Rep. Henry Cuellar (D-TX), Rep. Matt Gaetz (R-FL), Rep. Marjorie Taylor Greene (R-GA), Rep. George Santos (R-NY), Rep. Byron Donalds (R-FL), Rep. Lauren Boebert (R-CO) and Rep. Cori Bush (D-MO).
- Republican governors Ron DeSantis, Kay Ivey, Greg Abbott, Sarah Huckabee Sanders, Bill Lee, Glenn Youngkin, Kristie Noem, Kim Reynolds, Brian Kemp, Brad Little and Greg Gianforte.
- Judges appointed by Washed Up 45.
- The junk food media and their never ending dramatizing of world events.
- Anti-Vaxxers.
- Lawmakers and activists who protest the CDC guidelines during the pandemic.
- The endless culture wars that Republicans find outrage in.
- Washed Up 45 and his minions on Fox, Newsmax, OANN and the internet.
- Facebook, Twitter and TikTok. The idiots who run it and the idiots who post on it.
- Fox, Breitbart, Libs of TikTok, The Daily Mail, Newsmax and OANN's relentless talk about conspiracies. The endless attacks on the president's age, First Lady Jill Biden, Hunter Biden, Ashley Biden and the conspiracies about the president's mental capacity and health.
- The endless racism towards Biden's allies Vice President Kamala Harris and former president Barack Obama.
- The relentless talk about spending despite the former president's reckless spending.
- The lack of civility towards fellow Americans.
- Vladimir Putin.
- Xi Jinping.
- Kim Jong-Un.
- Benjamin Netanyahu.
- Alexander Lukashenko.
- Mohammed bin Salman Al Saud.
Real Reasons To Why Unemployment Rate Stays The Way It Is! The main reasons why some are not working.
- DEAD
- BORN
- IN PRISON
- IN ELEMENTARY SCHOOL
- IN MIDDLE SCHOOL
- IN HIGH SCHOOL
- IN COLLEGE FULL TIME
- VOLUNTEER
- DISABLED
- INFLATION
- STAY AT HOME PARENT
- RETIRED
- QUIT ON THEIR OWN
- TERMINATED FROM EMPLOYMENT
- NOT HIRING UNQUALIFIED
- NOT HIRING TOO QUALIFIED
- ACTIVE MILITARY
- NATURAL DISASTERS
- MASS SHOOTINGS DISRUPTING DAILY ROUTINE
- BEING LAID OFF DUE TO CLOSING OR STAFF REDUCTION
- DESTRUCTION TO FACILITY OR PROPRETY
- OUTSOURCING JOBS TO OTHER STATES OR COUNTRIES
- BEING UNDOCUMENTED IN FEAR OF I.C.E. OR U.S. AGENCIES
- BEING PUBLICLY OUTED ON SOCIAL MEDIA DOING SHAMEFUL ACTS
- PARTICIPATING IN UNCIVIL OR VIOLENT PROTESTS
Jobs are looking good despite fears.
Companies are cautious about hiring 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.
Bernie Sanders endorses Biden for 2024 but pressures him to be more progressive. |
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.
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 being in your district means you are tasked to bring results to the constituents who voted for you and convince those who didn't consider you the next election. Let them know that women deserve the right to safe medical procedures. Let them know that their failure to pass legislation are the reasons why democracy and the economy are in free fall.
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