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Funny thing is...with all the outsourcing ... do the auto makers even have enough employees in the US to even make the numbers come close for a bailout???
Maybe we let Mexico bail them out.
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Dell laying off workers as well :-/
https://www.businessinsider.com/dell-workers-layoffs-reaction-ai-restructuring-jobs-tech-2024-8
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I guess most of the United Kingdom rich citizens end up in Miami Beach and South Florida.
Commonwealth nations.
DemocratsAreTotallyFucked says
On average, households on £50k per year in the U.K. consume more in public services than they pay in taxes.
What would be needed to make up for the tax shortfall of the £500k earner would be additional workers in the top four deciles.
The fact that 60% of U.K. households have more spent on them by government than they pay may explain why most vote for statist policies.
https://x.com/petermiyoung/status/1823419793053245547
1 million jobs 'disappeared'.
In related news, while DNC surprise speakers gaslit MSNBC anchors and unfortunate viewers with tall tales about the terrific Biden economy, yesterday the Daily Mail ran a terribly awkward story headlined, “US jobs growth in the last year could be revised down by ONE MILLION—refueling concerns the economy is headed for a downturn.” Uh oh.
It’s not unusual for the Bureau of Lying Statistics, I mean Labor Statistics, to “revise” previous employment figures. And nobody is ever surprised that the over-estimating and the inevitable revisions always go the same direction.
But the scale of this revision was very unusual. Bloomberg said that, depending on how it shakes out, this could be the biggest downward revision in employment in over 15 years and maybe the largest in history. Another 2024 record!
The financial articles all debate how big the reduction will be (guesses range anywhere from minus 500,000 to minus one million) and are already laboring to minimize its meaning and find a silver lining. But as usual, they all missed the more meaningful point: Why is it okay for the government to lie like this?
This deceptive shell game is a good tradeoff for an amoral Biden/Harris Administration. Instead of a year of persistent bad economic news, they get 11 months of good (but fake) figures, and only one month of sour news, when they reset the clock. Don’t worry though, they’ll be at it again next month, and will claim Harris fixed everything.
The news was, however, awkward timing, what with the election looming so near, and a Convention under way.
The US economy employed 818,000 fewer people than originally reported as of March 2024, showing the labor market may have been cooling long before initially thought.
The revisions are a yearly practice from the Bureau of Labor Statistics; final revised numbers are expected to be released early next year.
The report, released Wednesday morning, showed the largest downward revisions to the professional and business services industry, where employment was revised down by 358,000 during the period. Leisure & hospitality saw the second-largest downward revision of 150,000.
The report moves down the monthly job additions seen in the US economy over the time period to 174,000 from 242,000.
The US economy employed 818,000 fewer people than originally reported as of March 2024, showing the labor market may have been cooling long before initially thought.
As long as a household holds assets, they are doing quite well.
Misc says
As long as a household holds assets, they are doing quite well.
If you can buy insurance andillegalcriminal aliens are not taking over your neighborhood
I think taxes and insurance will crush homeowners, maybe. If "they" want to do socialism/communism, most everyone is going to suffer. The best economy is not one where the up and comers have a harder time than the generation before them.
I think taxes and insurance will crush homeowners,
Big Lots on verge of bankruptcy
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