As I posted previously...
...total employed today is 161.5M vs.158.8M in Feb 2020 for growth of 2.7M since right before the COVIDians took over, not 5M.
I don't think you understand what I mean by on-trend, so I will make an attempt to explain. Had the COVIDians simply minded their own business and not wrecked the economy, the total number of employed today would be substantially higher than it currently is. You are alleging that we are "adding jobs at faster clip" than before the pandemic and have been for 27 months. I'm not sure what statistics you are using to make that claim, but it's an apples-to-oranges comparison.
The pre-COVID economy was not rebuilding off the massive hole blown in it by the COVIDian torpedo. Hence, comps, as we call them in the biz, are tough. In contrast, the "last 27 months" are still being rebuilt off that massive hole, meaning comps today are easy. This is why you need to look at total employment and long-term trendlines rather than monthly growth numbers.
Joe Biden's ratings are in the tank in large part because his economy is lackluster for many. People feel this -- like when they go to the grocery store or gas pump or take out a loan -- and headline macro data inflated by easy comps doesn't mean jack shit to them.
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In response to this post by hoolstoptheheels)
Posted: 04/05/2024 at 2:10PM