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Bidenomics is a thing
Author: Raine
Date: 07/06/2023 13:06:37
A new jobs report from ADP is out. Let's take a look at what happening.
The private job sector grew by almost 500,000. The Federal Jobs report comes out tomorrow and it points to something similar.
Inflation is coming down and more people are finding work with a bigger paycheck. Broadband is going to be accessible to all across the country. The federal bond rate is now 4%, meaning we may still have another Fed Rate hike. Those rates hurt, but inflation is down.
In other words, Bidenomics is working. The right-wing doesn't want you to believe it. We are still coming out of a dark period, so it will take some time, but it's working.
& 
Raine
The private job sector grew by almost 500,000.
Private sector jobs surged by 497,000 for the month, well ahead of the downwardly revised 267,000 gain in May and much better than the 220,000 Dow Jones consensus estimate. The increase resulted in the biggest monthly gain since July 2022.
From a sector standpoint, leisure and hospitality led with 232,000 new hires, followed by construction with 97,000 and trade, transportation and utilities at 90,000.
Annual pay rose at a 6.4% rate, representing a continued slowing that nonetheless still is indicative of brewing inflationary pressures.
Inflation is coming down and more people are finding work with a bigger paycheck. Broadband is going to be accessible to all across the country. The federal bond rate is now 4%, meaning we may still have another Fed Rate hike. Those rates hurt, but inflation is down.
In other words, Bidenomics is working. The right-wing doesn't want you to believe it. We are still coming out of a dark period, so it will take some time, but it's working.
& Raine
Comments:
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Comment by 
BobR on 07/06/2023 13:42:55
BobR on 07/06/2023 13:42:55
Shifting from supply side to demand side economics always works.
Comment by 
Raine on 07/06/2023 15:31:00
Raine on 07/06/2023 15:31:00
More jobs created in two years than any president’s created in four.
— The Democrats (@TheDemocrats) July 6, 2023
That’s Bidenomics. pic.twitter.com/x8XlJ8QJAS
Comment by Will_in_Ca on 07/06/2023 16:28:59
Good morning, bloggers!!!!
We are seeing improvement in the economy.
I think such numbers will be hard for the GOP to argue against. Perhaps they will now quadruple down on cultural issues, as they have little left.
We are seeing improvement in the economy.
I think such numbers will be hard for the GOP to argue against. Perhaps they will now quadruple down on cultural issues, as they have little left.
Comment by Raine on 07/06/2023 18:31:43
Raine on 07/06/2023 18:31:43
BREAKING: Marjorie Taylor Greene has just been REMOVED from the Freedom Caucus after an internal vote because she wasn’t “extreme enough” for them. You can’t make this up. The Republican Party is in so much disarray right now & it’s an absolute embarrassment.
— Victor Shi (@Victorshi2020) July 6, 2023