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Forum » 1.5 million Americans to Lose Their Jobs Soon
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Thread: 1.5 million Americans to Lose Their Jobs Soon

post 1668676883 09-29-2022, 03:59 PM
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1.5 million Americans to Lose Their Jobs Soon

The Fed is conservatively estimating that as a result of the economic plan that the US economy will see a loss of 1.5 million jobs.

Americans are at the highest levels ever seen of credit card debt.

Home prices are dropping so the HELOCs won’t be of any use.

This is going to have a tremendous impact on the economy, particularly with many losing their homes due to bankruptcy and foreclosure.

Rough waters ahead.
post 1668676923 09-29-2022, 04:00 PM
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Something happened on March 1st, 2022.... did we shift into a new timeline....????...
Everything I post is satire.
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post 1668677283 09-29-2022, 04:09 PM
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Apes in GME have known about this for a long time
post 1668677683 09-29-2022, 04:21 PM
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It’s alright. No more mean tweets.
post 1668677733 09-29-2022, 04:22 PM
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I'm highly suspicious that they are not tampering with the unemployement numbers currently. Anyone else find it odd that we are at 3.7% unemployement (stable), yet every other store front has a hiring sign? Service industry has been understaffed since Covid. Real life and the numbers arent adding up, almost like we saw this with Covid numbers for the last two years. Also what a coincidence that they are hanging the definition of a recession on unemployement instead of 2 Q negative growth..

INB4 unemployemnt goes to 6% overnight November 8th.
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post 1668677773 09-29-2022, 04:23 PM
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post 1668677953 09-29-2022, 04:27 PM
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I am ready bro.

Ready for my neighbors to start raiding my house.

We gunna be raining bullets more than Hurricane Ivan.

Pow pow pow pow
post 1668678213 09-29-2022, 04:34 PM
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Originally Posted By naich⏩
I'm highly suspicious that they are not tampering with the unemployement numbers currently. Anyone else find it odd that we are at 3.7% unemployement (stable), yet every other store front has a hiring sign? Service industry has been understaffed since Covid. Real life and the numbers arent adding up, almost like we saw this with Covid numbers for the last two years. Also what a coincidence that they are hanging the definition of a recession on unemployement instead of 2 Q negative growth..

INB4 unemployemnt goes to 6% overnight November 8th.
If there are now-hiring signs every where then those unemployment numbers would make sense. If you are talking about active participation in the labor force then yeah employment numbers are way off because a ton of people are still living off stimmy/unemployment/free gibs.
*Updated* If you can't hit a 320 yard drive, are you even a man?
post 1668678293 09-29-2022, 04:36 PM
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Eliminate 1.5 million full time jobs
Create 3 million part time jobs
President takes credit for creating 1.5 million new jobs
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post 1668678663 09-29-2022, 04:45 PM
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Originally Posted By Holyfenix⏩
If there are now-hiring signs every where then those unemployment numbers would make sense. If you are talking about active participation in the labor force then yeah employment numbers are way off because a ton of people are still living off stimmy/unemployment/free gibs.
Stimmy money is long gone
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post 1668678793 09-29-2022, 04:47 PM
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All the new jobs don’t pay a living wage lol
post 1668678833 09-29-2022, 04:48 PM
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Mentally ill liberals living in a tent will say it's A ok as long as no more mean tweets
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post 1668678893 09-29-2022, 04:49 PM
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And blackrock buys up all those foreclosures.

if there is a dip in the housing market, real actual Americans will be too broke to buy.
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post 1668679293 09-29-2022, 04:56 PM
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I think a lot of companies will let go of these people who are getting overpaid for low positions. They can't cut your pay, but they can lay you off and then restructure and hire new people at a lower rate. Definately not a good time to lose a job.
Originally Posted By HaiMeesk⏩
Eliminate 1.5 million full time jobs
Create 3 million part time jobs
President takes credit for creating 1.5 million new jobs
Worked for Obama.
post 1668679323 09-29-2022, 04:57 PM
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debt free crew u mirin?



stay safe
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post 1668680153 09-29-2022, 05:11 PM
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Originally Posted By Holyfenix⏩
If there are now-hiring signs every where then those unemployment numbers would make sense. If you are talking about active participation in the labor force then yeah employment numbers are way off because a ton of people are still living off stimmy/unemployment/free gibs.
Right, except we have no boom in population over the last two years and the cost of living has doubled, at least. So with no more free money from Uncle Sam and your monthly bills doubled, how is every single position not filled in low skilled labor/service industry? Same weird vibe during covid, no one working and the explaination was stimmy checks, but then stimmy checks ran out and the trend continued. Average savings account is $400, its not adding up...where did all the workers from 2019 go?


Either a million working age people died from Vaxx related injuries or their ability to accurately count unemployement/metrics used are trash.
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post 1668680603 09-29-2022, 05:19 PM
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its cool lets send more money to ukraine
post 1668682473 09-29-2022, 05:54 PM
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Originally Posted By naich⏩
I'm highly suspicious that they are not tampering with the unemployement numbers currently. Anyone else find it odd that we are at 3.7% unemployement (stable), yet every other store front has a hiring sign? Service industry has been understaffed since Covid. Real life and the numbers arent adding up, almost like we saw this with Covid numbers for the last two years. Also what a coincidence that they are hanging the definition of a recession on unemployement instead of 2 Q negative growth..

INB4 unemployemnt goes to 6% overnight November 8th.
Unemployment numbers are only those actively seeking work.

Scabs living on benefits, homeless, retirees, housewives, people who have been unemployed longer than a year don't factor in.
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post 1668683803 09-29-2022, 06:18 PM
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Originally Posted By reddanak⏩
MuscleXtreme, an INTJ - Christian... finally, a source I can trust. Bless you.
Glad to be of service.
post 1668683983 09-29-2022, 06:20 PM
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Originally Posted By nickh04⏩
debt free crew u mirin?



stay safe
Good position to be in bro.

Unfortunately, a lot of other Americans aren’t in the same boat, and stagflation has made it worse.https://fred.stlouisfed.org/series/REVOLSL
post 1668684043 09-29-2022, 06:21 PM
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Not me because we need drivers lul
post 1668684153 09-29-2022, 06:24 PM
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Everyone wants their cake and eat it too, and nobody wants to lift no heavy ass weights. A 4% unemployment is worth a strong currency. A strong currency is worth every sacrifice in growth as the euro plunges into darkness.

Everyone wants to be a millionaire on realestate but everybody wants affordable housing. These are not possible together.
post 1668684213 09-29-2022, 06:24 PM
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Originally Posted By Kev1972⏩
Unemployment numbers are only those actively seeking work.

Scabs living on benefits, homeless, retirees, housewives, people who have been unemployed longer than a year don't factor in.
I think it could be argued that the US never recovered from the dotcom bust in 2000.

https://fred.stlouisfed.org/series/CIVPART

Went from a 67.4% labor participation rate in February 2000 to 62.4% today.

Like how does 5% of the labor force just disappear when the nation has grown from 282 million in 2000 to 332 million today? The nation has grown by 17.7% since then and yet we’ve lost 5% of the labor force. What?
post 1668684363 09-29-2022, 06:28 PM
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It’ll need to be more, the first 1.5 million will just be people WFHing 2+ full time jobs
post 1668685503 09-29-2022, 06:51 PM
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Originally Posted By naich⏩
I'm highly suspicious that they are not tampering with the unemployement numbers currently.Anyone else find it odd that we are at 3.7% unemployement (stable), yet every other store front has a hiring sign?Service industry has been understaffed since Covid. Real life and the numbers arent adding up, almost like we saw this with Covid numbers for the last two years. Also what a coincidence that they are hanging the definition of a recession on unemployement instead of 2 Q negative growth..

INB4 unemployemnt goes to 6% overnight November 8th.
Some employers are refusing to increase their pay rate for workers and so they just run understaffed. I read that Dollar Tree/Dollar General caps pay at $12.50 for their regular/non management workers.



Link:
https://wealthofgeeks.com/americans-work-more/

Places that aren't willing to pay better wages aren't likely to see a big pickup when the cost of living is rising so rapidly.

At least not yet- people will hold out for the best starting wage they can find knowing that employers are not increasing pay in line with rising inflation.

Tying yourself to a lower wage job if you can get one with higher wages is too expensive right now.
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post 1668685743 09-29-2022, 06:57 PM
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Originally Posted By katya422⏩
Some employers are refusing to increase their pay rate for workers and so they just run understaffed. I read that Dollar Tree/Dollar General caps pay at $12.50 for their regular/non management workers.



Link:
https://wealthofgeeks.com/americans-work-more/

Places that aren't willing to pay better wages aren't likely to see a big pickup when the cost of living is rising so rapidly.

At least not yet- people will hold out for the best starting wage they can find knowing that employers are not increasing pay in line with rising inflation.

Tying yourself to a lower wage job if you can get one with higher wages is too expensive right now.
Meta is going to be doing layoffs soon. Hard to say if it’s a bellwether or it’s because Apple’s privacy changes have made that large of an impact?
post 1668689203 09-29-2022, 08:08 PM
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Why no link OP? When I googled it this was the first thing to pop up...
THE BUDGET MESSAGE OF THE PRESIDENTTHE BUDGET MESSAGE OF THE PRESIDENT



We ended 2021 having created over 6.5 million new jobs, the most
our Nation has ever recorded in a single year. Our economy grew at a rate of 5.7 percent, the stron-
gest growth in nearly 40 years. As of February, the unemployment rate has fallen from 6.4 percent
when I took office to 3.8 percent—the fastest decline in recorded history. We are bringing everyone
along, and leaving no one behind; child poverty is projected to reach the lowest level ever recorded,
while long-term unemployment, youth unemployment, and Black and Hispanic unemployment have
all dropped at record rates. Though family budgets are still tight, millions more Americans are earn-
ing paychecks today—and families have more money in their pockets than they did a year ago.
This progress was no accident. It was a direct result of the new economic vision for America I ran
on—to build our economy from the bottom up and the middle out.

President Joe Biden
Fighting courageously and alone against the ignorant hoards of unwashed conservatives who wage war on Immigrants,the elderly,education,the environment,children,the poor,civil rights,Democracy,Voting Rights,hygiene,and common sense.

EctoCanuck...An Army of One.
post 1668689353 09-29-2022, 08:12 PM
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#28
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Originally Posted By naich⏩
I'm highly suspicious that they are not tampering with the unemployement numbers currently. Anyone else find it odd that we are at 3.7% unemployement (stable), yet every other store front has a hiring sign? Service industry has been understaffed since Covid. Real life and the numbers arent adding up, almost like we saw this with Covid numbers for the last two years. Also what a coincidence that they are hanging the definition of a recession on unemployement instead of 2 Q negative growth..

INB4 unemployemnt goes to 6% overnight November 8th.
They're 350% lying; I bet it's more like 8% not joking

Just about every business anywhere is seeking employees



Ever since 2020 I've noticed road traffic is 3-5x higher to this day

Brb drive through town/city & it's almost bumper-to-bumper @ 11am/2pm/4pm



I always mumble "doesn't anyone fukn work anymore?"
*Tolerance is the lube that slides the dildo of dysfunction into the ass of civilized society*

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As always: not medical advice but medical opinion crew
post 1668689983 09-29-2022, 08:23 PM
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#29
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its almost like shutting down the economy over covid and printing 6 trillion was the most retarded thing in us history
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