Higher unemployment doesn’t mean inflation will come down. Prices are still going to be high. It’s not coming down. It just means people can’t afford them anymore. More crime and a lot more pain and suffering. This federal reserve has done the unthinkable and the irreversible.
This inflation is made by corporate greed, not supply and demand nor the average person has too much money nor the price of oil and gas. Laws need to be made to prevent corporate from buying houses to rent them out and price gauging for no reason.
Just in case anyone is still keeping track: Full-time employment in June actually FELL by -28,000 workers Meanwhile, part-time employment in June jumped by another +50,000 workers. In May, full-time employment actually fell by a whopping -625,000 workers. Meanwhile, part-time employment rose by +286,000 workers in May. All while the unemployment rate is now up from 3.4% to 4.1% in just over a year. The reality is that a RECORD number of people are working multiple jobs to "fight" inflation. How is this a "strong" economy?
@@yvonneplant9434 90% of the Stock Market is owned by the top 10% in Wealth and Income, so while it may be good for you individually, on entirety it is really just a measure of Corporate Profits not a healthy Economy.
@@yvonneplant9434 Yeah, you can't just look at Inflation (one Data Point) and compare the Economy of the 1980s to Today since Wages have been stagnant since 1980 and the costs of Housing, Education and Healthcare have skyrocketed. A 5% Inflation on a $400 Grocery Bill is much worse than a 10% Inflation on a $40 Grocery Bill.
This economy is great for all those who have the drive to take advantage of the opportunities presented. For the losers the overall economy can never be good enough, they are always behind.
Global Change PROJECT MAGA007 PEACE, PROSPERITY AND EARTH RESTORATION (1-Asia, 2-Africa, 3-North America, 4-South America, 5-Antarctica, 6-Europe, and 7-Australia)~Paquita Storm 2024 USA President Minimum Wage needs to increase to 35.00 per hour! Profits from corporations need to come back to the people instead of opressing them into slavery.
Interest rates will drop when trump takes office, and cuts out all this bs You’re not fooling us, we all know why things are going to get better 😉# MAGA2024🇺🇸
Need to do rate hike, things still too expensive
Interest Rate Hikes do not Lower Prices. Especially when it is just corporate gouging.
Higher unemployment doesn’t mean inflation will come down. Prices are still going to be high. It’s not coming down. It just means people can’t afford them anymore. More crime and a lot more pain and suffering. This federal reserve has done the unthinkable and the irreversible.
Possible but not likely with all the market instability, it's not all about domestic
This inflation is made by corporate greed, not supply and demand nor the average person has too much money nor the price of oil and gas. Laws need to be made to prevent corporate from buying houses to rent them out and price gauging for no reason.
How many government jobs???? 70,000 that’s fact!!!!!
Just in case anyone is still keeping track:
Full-time employment in June actually FELL by -28,000 workers
Meanwhile, part-time employment in June jumped by another +50,000 workers.
In May, full-time employment actually fell by a whopping -625,000 workers.
Meanwhile, part-time employment rose by +286,000 workers in May.
All while the unemployment rate is now up from 3.4% to 4.1% in just over a year.
The reality is that a RECORD number of people are working multiple jobs to "fight" inflation.
How is this a "strong" economy?
The Dow is bumping 40K again. Lots of us care about that.
Boomers went through years worth of inflation via Reaganomics.
@@yvonneplant9434 90% of the Stock Market is owned by the top 10% in Wealth and Income, so while it may be good for you individually, on entirety it is really just a measure of Corporate Profits not a healthy Economy.
@@yvonneplant9434 Yeah, you can't just look at Inflation (one Data Point) and compare the Economy of the 1980s to Today since Wages have been stagnant since 1980 and the costs of Housing, Education and Healthcare have skyrocketed. A 5% Inflation on a $400 Grocery Bill is much worse than a 10% Inflation on a $40 Grocery Bill.
Question: How did the Fed manage to tame inflation when US Federal Debt and Consumer Debt keep rising?
This economy is great for all those who have the drive to take advantage of the opportunities presented. For the losers the overall economy can never be good enough, they are always behind.
informative and interesting
Global Change
PROJECT MAGA007
PEACE, PROSPERITY AND EARTH RESTORATION
(1-Asia, 2-Africa, 3-North America, 4-South America, 5-Antarctica, 6-Europe, and 7-Australia)~Paquita Storm 2024 USA President
Minimum Wage needs to increase to 35.00 per hour! Profits from corporations need to come back to the people instead of opressing them into slavery.
Interest rates will drop when trump takes office, and cuts out all this bs
You’re not fooling us, we all know why things are going to get better 😉# MAGA2024🇺🇸
Anyone who thinks Trump is smart isn't.
Yup then we can go back to out bidding each other with money we don’t have.
😂😅😂 ALL in Biden's administration 😅