American Economics Thread

siegecrossbow

siegecrossbow

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tygyg1111 said:
"unexpectedly"
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Only if you drank the “inflation is transitory koolaid”.

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I don’t believe those who went into this past election taking pride in the unemployment numbers understood that the near-record low unemployment figures — the figure was a mere 4.2 percent in November — counted homeless people doing occasional work as “employed.” But the implications are powerful. If you filter the statistic to include as unemployed people who can’t find anything but part-time work or who make a poverty wage (roughly $25,000), the percentage is actually 23.7 percent. In other words, nearly one of every four workers is functionally unemployed in America today — hardly something to celebrate.
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2handedswordsman

2handedswordsman

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luminary said:
Wonder where these people can go and get employed.

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FOX

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Bloomberg Law

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AP

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Bloomberg Law
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After LA fires of course US forest service needs to terminate 3,400 workers. I have great interest to where this ongoing class war will lead. The masks went off after the ultra capitalists took the political power de jure. The division of interest between the great capital and the average people is reaching a boiling point in my pov
 
In4ser

In4ser

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luminary said:
Wonder where these people can go and get employed.

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FOX

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Bloomberg Law

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AP

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Bloomberg Law
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Knowing Trump, he's throwing shit at the wall to see what sticks. Perhaps he's hoping to fire enough people to create deflation to counteract the rising inflation rate from tariffs. By slashing government spending, and regulations and reappraising the value of federal assets (i.e. Gold and Bitcoin) to be much stronger, Trump hopes to recapitalize the nation's balance sheet.

In doing so, get enough support from D.C. fiscal conservatives for tax cuts and have enough breathing space for American biz and entrepreneurship to create enough growth and value for America to fix everything and rise again!

Fake it until you make it, and it is the American way! There's a small chance this juggling act might work but I won't hold my breath.
 
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M

martinwagner

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100,000 eggs stolen from one US grocer as bird flu drives up prices​

Thieves in the US state of Pennsylvania have stolen more than 100,000 eggs - worth $40,000 (£32,000) - from a single grocer.
The heist targeted the back of a lorry at Pete & Gerry's Organics in Greencastle on 1 February, police say.
It comes as the price of eggs has risen amid a bird flu epidemic, making them an unexpectedly costly menu option. The national chain Waffle House has just hiked their egg charge.
Prices for eggs have surged more than 65% in the last year, US
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shows. The agriculture department predicted the cost will increase by about 20% in 2025.
On Tuesday, Waffle House announced a $0.50 surcharge for customers to shell out per egg.
The US diner chain called it a "temporary targeted surcharge tied to the unprecedented rise in egg prices".
The bird flu epidemic started in 2022 and has led to outbreaks across the US in recent months, according to the
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.
The agency noted prices increased by more than 8% in December alone.
Data from the department also shows the average price for a carton was $2.51 in December 2023 and hit $4.15 a year later. The surge has seen reports of bare shelves in some stores.
The bird flu epidemic has been reported in birds, cattle and mammals across the US, though infection of humans is very rare.
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