-
It's that time of year again - our ISP is asking for money. If you have some spare change, please click the Donate link... Thanks!
- About Us
- Search
- Need Help?
- Donate
- Login/Register
Latest Entries
Actions Menu
Blog Roll
- 4F Facebook Page
- Turn Up The Night with Kenny Pick
- Stephanie Miller Show
- The Tim Corrimal Show
- The Rachel Maddow Show
- Angry Americans with Paul Rieckhoff
- Thom Hartmann Program
- Turnips! Fans of Turn Up the Night Facebook Page
- Snopes.com
- Factcheck.org
- Official White House Page, if you must.
- The Brad Blog / Green News Report
- The Poorly Written Political Blog (Joe Santorsa)
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
Â
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
Â
