/biz/ - Business & Finance

[Anonymous No.56302765]

We are in a recessio-

[Anonymous No.56302779]

>>56302765
Doomers BTFO

[Anonymous No.56302781]

>>56302765
Bearniggers really are just polchuds with no money, so their response is to try to shake faith in the system.

[Anonymous No.56302790]

>>56302765
You realize those jobs added are all shitty minimum wage and or part time positions?

[Anonymous No.56302802]

>>56302765
-800k full time
+1.3 million part time
+ 4 million 80 IQ immigrants filling a lot of those part times

[Anonymous No.56302807]

>>56302779
means opposite. this is bad

[Anonymous No.56302808]

See you in a few months when the revised numbers come out.

[Anonymous No.56302812]

>>56302790
>>56302802

You realize that low wage workers make companies more profitable right? That's how the capitalism scheme works.

[Anonymous No.56302815]

>>56302802
Cope

[Anonymous No.56302825]

>>56302790
Was listening to Bloom(((berg))) on my way back from lunch, great jobs growth in ALL sectors except ((Information)), which was down a couple %.

[Anonymous No.56302831]

>>56302808
Polcel cope

[Anonymous No.56302853]

I imagine a lot of the Information Jobs losses are all the worthless "Head of X except on the Blockchain" dept. guys being thrown out windows as the SEC prepares to shut it all down in the US.

[Anonymous No.56302863]

>>56302765
How many are seasonal retail jobs?

[Anonymous No.56302891]

>>56302807
>doomers were warning of ful employment all the time

[Anonymous No.56302924]

Can't wait till this month's data gets revised down later on when no one cares anymore just like the last 6 months!

[Anonymous No.56302933]

>>56302924
Jobs reports have been revising upwards for a while now tho.

[Anonymous No.56302972]

>>56302933
part time jobs sure

[Anonymous No.56302978]

>>56302812
Would be true if we produced things. Since we just consume foods from china and SE Asia, immigrants are a drag on the economy since they only consume food and housing while sending 15% of their paycheck back home

Also, get hired at a better think tank

[Anonymous No.56302990]

>>56302765
This could lead to even higher interest rates, as more money enters the market, more inflation occurs.

[Anonymous No.56303031]

>>56302972
All sectors but Information. They are throwing out the "Blockchain Bros" and replacing them with AI.
Turns out having "everything on teh Blockchain" is worthless and the SEC is going to put it's foot down on it in any case.

[Anonymous No.56303039]

>>56302765
Unemployment stay the same.
Participation stayed the same.

[Anonymous No.56303045]

>>56302990
Do you think… employers print money to pay wages?

[Anonymous No.56303073]

>>56303045
no, but money existing isn't causing inflation. money being spent does.

[Anonymous No.56303092]

>>56302978
these are the ppl giving you financial advice

[Anonymous No.56303117]

>>56303073
Demand exceeding Supply is causing inflation, same as it ever was.

[Anonymous No.56303159]

>>56302812
>You realize that low wage workers make companies more profitable right?
Oh yeah fucking whooptidoo the companies are more profitable yayyyyyyyy :)

Oh wait I don't give a fat fucking shit if the CEO of Wendy's makes more profit. I would rather he make LESS profit and I have LESS penniless brown slaves stumbling around my city like worker ants.

Unless I personally own a private yacht building business, how the FUCK do I benefit from all the big profits these nigger-farm wagie jobs going to beanfrican americans?

[Anonymous No.56303192]

>added 336k jobs in September

Fun fact: about 100k of those are literally Spirit Halloween store employees lmao

[Anonymous No.56303209]

>>56302781
This. They missed buying a house and want things to crash despite it still being more expensive thanks to higher rates.
They have no job or make shit wages so they hope everyone gets fired.
They get no pussy so they hope the vaccine kills all the men.
Basically just sad cope.

[Anonymous No.56303215]

based biden BTFOing the incel basement dwellers from /pol/

[Anonymous No.56303232]

doomers complaining cause their XAU bags are down from 1900
fiatcels gloating but their bank account has vaporized from the bonds crashing

smart people are just waiting for QE

[Anonymous No.56303238]

>>56303117
Are you dumb? Yes, people with more money has higher demands/consumption than people with no money.

[Anonymous No.56303280]

>>56302831
>>56302815
So you reply to all legit arguments with cope
This is where we are now as a society I guess

[Anonymous No.56303307]

>>56303209
>hope the vaccine kills all the men.

I'm pureblooded Chad, and I really do wish the defective injections fuck up those who decided to take them against something that was less dangerous than the flu.

[Anonymous No.56303319]

>>56302825
with the highest addition by far was in... hospitality.
which means we are back in the obama bartender economy.
everyone becomes a bartender.
and we need so many bartenders because everyone is drinking far too much.
and they're drinking too much because everything is terrible.

[Anonymous No.56303335]

>>56303307
>>hope the vaccine kills all the men.
>I'm pureblooded Chad, and I really do wish the defective injections fuck up those who decided to take them against something that was less dangerous than the flu.
Two more weeks bro.

[Anonymous No.56303375]

>there are 336,000 more niggers to royally fuck up your order in the drive thru
Wow what a strong economy the west has truly been saved

[Anonymous No.56303396]

>>56302765
>900 k full time jobs lost
>1.2 k part time jobs added
>people with 2 part time jobs count as two jobs

[Anonymous No.56303593]

>>56302765
>revises numbers lower or even to a loss months later
Just like every other jobs report.

[Anonymous No.56303618]

>>56303319
So it’s time to go back to picking up bar sluts again, short tinder

[Anonymous No.56304980]

>>56303209
>six sigma miss
>six sigma overshoot next month
>trusting these numbers
lol

[Anonymous No.56305010]

>>56302781

>shake faith in the system

What faith? The country burns down when some nigger dies of a fentanyl overdose and a cop sits on him.

[Anonymous No.56305024]

>>56302765
Because job numbers are accurate and totally not manipulated in any way.

[Anonymous No.56305087]

>>56305024

This. They have significantly revised down every report so everyone is interpreting this report to be dismal.

[Anonymous No.56305239]

>>56302765
The participation rate today is as good as it was in 2018. It will soon be 2024 and four years since covid and we have yet to reach 63% participation rate.
People with jobs can’t afford to live let alone spend on things they need like transportation, gasoline, heating, groceries.
Why would anyone think things won’t blow up eventually? Who cares if they added a million jobs if those jobs pay minimum wage or there about then it’s worthless.
All this report will do is signal a new increase in interest rates.

[Anonymous No.56305261]

>>56303073
This is demonstrably false. Money existing is the reason why real estate has soared in cost without any real connection to the demand side of things.

[Anonymous No.56305275]

>>56302765

How can biz constantly have shit takes over and over again? This same thread is already up. Why the fuck are you reposting it?

[Anonymous No.56305276]

>We added 300k jobs after 20 million lost them! Yayyyy

[Anonymous No.56305322]

enjoy higher rates!

[Anonymous No.56305329]

>>56302765
They too frequently have to revise those figures and the difference is usually too massive for those claims to be reliable.

[Anonymous No.56305334]

>>56305239
>It will soon be 2024 and four years since covid and we have yet to reach 63% participation rate.
That number includes retired boomers that are a huge segment of the population.

[Anonymous No.56305340]

>>56305276
He lost. Get over it.

[Anonymous No.56305342]

>>56302765
recession is GDP growth shrinking for two Qs
add back all the shitty jobs you want. We could have a fresh million digging ditches tomorrow.>>56302779

[Anonymous No.56305362]

>>56305334
The youngest baby boomer born in 1964 would be basically at retirement age and most of them are no longer working by that age except single for divorced/single women. Most of them would be on disability or some other type of benefits by now anyways. There can’t be that many of them working still.

[Anonymous No.56305378]

>>56305362
That's my point. They're counted in labor participation as not working because they're over 18 but not working and not in prison.

[Anonymous No.56305389]

>>56305378
25.4% of Americans over the retirement age are still working.

[Anonymous No.56305396]

>>56305378
What about the “men dropping out of the labor force” narrative? Is this why participation rate hasn’t climbed back up?

My point is that with a lower participation rate the economy is bound to be doing poorly because those people do not consume at all and still have to eat and live and more than likely are doing so at the cost of taxes on everyone else.

[Anonymous No.56305401]

>>56302765
>September saw the highest monthly job total since January, driven by various industries. The largest increases in Friday's data were seen in leisure and hospitality, where 96,000 jobs were added. Employment in food services and drinking places rose by 61,000, reaching its pre-pandemic level.
>Government employment increased by 73,000 while healthcare added 41,000 jobs.
Incredible. And these are supposed to be the good numbers. Lol

[Anonymous No.56305404]

>>56302765
Yeah and vast majority of jobs were created by the government. it isnt real faggot

[Anonymous No.56305428]

>>56305389
God can you imagine?
Having had every single advantage of the most prosperous society in human history and you weren’t able to build wealth in such a way that you can’t retire? What in the living fuck? All they had to have done was buy a house in the 80s when they cost less than a 1/3 or even an 1/8 of the current prices. Wages only stagnated in the mid 70s, they had so much time for wealth accumulation and yet in their late 60s to still be working. Jesus h Christ

[Anonymous No.56305457]

>>56302781
there's too much truth to your statement.

[Anonymous No.56305466]

>>56305428
Despite the schadenfreude you might experience from that it's often the case that older Americans just stay employed to keep busy, stay out of a home or are financially stable but don't have enough to fully retire.

That said look at homelessness rates for Americans over 60.

[Anonymous No.56305473]

Hyper inflation soon

[Anonymous No.56305508]

>>56305466
I don’t get any pleasure from this. Believe me I know boomers well and I know “the greatest generation” people well as well. For some weird reason in my life I’ve always ended up being good friends with people over 60 including romantic relationships.
The life stories are absolutely ridiculous. So many opportunities just wasted. Willful ignorance on foreclosures, bad financial deals, numerous brand new cars. I’ve never had a brand new car in my life and I don’t think I’ll ever be able to afford one that isn’t the cheapest of the cheapest shit boxes. They lived like fucking kings and we live like their parents used to live.

[Anonymous No.56305521]

>>56302765
A 2nd or 3nd part time hiring spree at Spirit Halloween and Doordash doesn't exactly count as having a robust economy or avoiding a recession. Just goes to show how the working class (and lower middle class) are still getting shoved into the subsistence corrals more and more as time goes on.

[Anonymous No.56305524]

>>56305466
Having said what I said. You are right about some boomers. None that I know do it for that reason. They absolutely need the money and would be in dire straits without a job.

[Anonymous No.56305542]

>>56305473
this. we will experience the green death. we are going to shoot past the moon into the fucking sun and die.

[Anonymous No.56305550]

>>56302831
Every single jobs report was revised down for the last three years. Cohencidence?

[Anonymous No.56305563]

>>56302765
No one paying attention believes these numbers anymore. All the data is based on a useless hour+ long phone interview collected by the census bureau. Guess which types of people either never pick up their phone for random numbers calling them, or aren't answering questions to a government worker for an interview about their employment situation.

[Anonymous No.56305572]

>>56303319
now THIS is some delicious chudlet cope

[Anonymous No.56305599]

that's a man

[Anonymous No.56305836]

>>56302765
In america, unemployed excludes people NOT looking for work.
The statistics failed to account for the millions of americans who quit work permanently during and after covid, or those who became homeless or got on unemployment benefits, deciding never to work again.

[Anonymous No.56305846]

>>56305261
How do banks create money? What is their favorite thing to loan against?

[Anonymous No.56305854]

>>56305473
You've been saying that for years

[Anonymous No.56305877]

>>56302812
It also makes companies more profitable to cut back on wages. If this was a real free market, these companies would've died long ago. But instead the government keeps bailing them out and making laws that make competition impossible with these giants.

[Anonymous No.56305934]

>>56305836
Why would I care about the count of people I no longer compete with for a job?

[Anonymous No.56305967]

>>56302765
We are in a recession for poor people and a booming economy for rich people.

I went to the mall for the first time in years yesterday and the high end stores like Louis Vuitton, Gucci, Hermes, Saks fifth, etc were full, many with a line outside. The middle class places like Macy’s were completely empty.

[Anonymous No.56306046]

>>56305934
Because if your true unemployment rate is astronomical then you are forcing the employed to sponsor gibs and social programs for a larger and larger population

[Anonymous No.56306071]

>boomers

I know one boomer I used to work with. He ignored a foot problem (because he couldn't afford to miss any work) until it was so bad they needed to break most of the bones in his foot to fix it. He ignored or at least didn't properly do the physical therapy he was supposed to do. His foot didn't heal correctly and, instead of going back to the doctor or getting another 6 months of disability so he could keep his job. He quit.

Ignorant to the fact that his 401k loan needed to be paid back.
Ignorant to the fact that his vehicle loan still needed to be paid.
Ignorant to the fact that $14.72 isn't a lot of money in your checking account.

Wouldn't apply for Social Security until after his 62 birthday because, "the guy out there said I couldn't get it until then." Bitched about not getting it instantaneously after finally applying online.

14 months ago one of the rear windows fell down in his Jeep. Did he get it fixed? Nope. Tape that bitch over the top of the door.
A year ago the power steering hose in his car broke. Did he get it fixed? Nope. Parked it in his driveway for so long 2 of the tires went flat.

In the almost two years he's been not working he's taken out half of the money he had in his 401k (current balance ~$90k) Always paid the $25 for express delivery of a check he couldn't get the cash from for a week. Bitched about that.

Has he or will he spend any of that money to fix the things he owns? Nope. His cunt of a wife who hates him wants new furniture. Got to keep putting his hand on the hot stove after all.


tl;dr dumb boomers are dumb

[Anonymous No.56306116]

>>56302812
That's really not how capitalism works. Capitalism works when things add value, because the nature of free markets and capitalism is that value is rewarded. We're not dealing with capitalism right now, we're dealing with social democracy. Which is basically socialism lite. The people and organisations that provide value to society are having their rewards siphoned off of them and redistributed to people who don't provide value to society.

That's why the west needs to borrow a shittonne of money in order to provide the illusion of wealth so that the remaining people who do provide value and don't see what's happening believe they have an incentive to do so.

The best thing to do is to abuse the system until it collapses and there is no choice but to allow valuable people and organisations to provide value unrestricted. To allow the natural incentive that rewards valuable traits such as hard work and creativity to return. Which is as simple as this, if you can do something that people want, then you are freely able to, then they pay you, and you keep the vast majority of it.

Go back to buyer beware, let people learn the hard way that they should pay attention to what they buy so that only things that provide value are rewarded.

[Anonymous No.56306158]

>>56306071
I can't imagine anyone caring so deeply about some random coworker's life. I can only assume you're talking about yourself but want to hide that for some reason.

[Anonymous No.56306182]

>>56306158
>He's never talked to boomers that immediately talk about every financial detail of their life instantly and would work 365 days/year if they could
Surely you're right though and it's more likely you're talking to someone that's 60 years old? You're not nearly as clever as you think you are

[Anonymous No.56306192]

>>56306182
I don't think I'm clever at all, just extremely lucky

[Anonymous No.56306194]

>>56306158
No. this guy has decided that since I'm a retired person he used to work with that he is my best friend ever to have. Also he won't stop needing me to do everything for him technologically since his entire family is retarded.

[Anonymous No.56306198]

>>56306194
He sounds lonely

[Anonymous No.56306227]

>>56302765
336000 diversity jobs
ftfy

[Anonymous No.56306228]

>>56306198
he's much like >>56306182 described. Guy's entire life revolves around bowling and golf, neither of which he can do since his foot is fucked up.

All he talks about is football/basketball "my team won or lost" or how much of a cunt his wife is.

[Anonymous No.56306386]

>copy paste news down to the T
>gullible burgers ate it up
>again

[Anonymous No.56307275]

>>56302812
Your skin is the color of excrement you realize that right?

[Anonymous No.56307425]

>>56302765
WAIT FO THE CORRECTION IN TWO MONTHS FROM 336K WAS 90K

[Anonymous No.56307447]

>>56302924
everything is so fake and gay. Boomers are evil

[Anonymous No.56307457]

>>56303335
Death to israel
Jewish organized crime mobsters with links to Russian-Jewish Bolshevisk communism & Israel—- killed President JFK/ RFK- these crime bosses then infiltrated the CIA/ NSA/ FBI. now israel (mossad) and AIPAC own the USA’s intelligence agencies, Senate, House, and the judicial Courts


- [x] Isn’t it crazy how israel cooperated with the CCP to release a virus that would cause international lockdowns, allow big pharma & the corrupt state and globalist entities to profit off of the global pandemic emergency to initiate their Freemason controlled collapse of global economy

[Anonymous No.56307464]

best president since the Civil War?

[Anonymous No.56307467]

>>56302765
It’s seasonal help already starting up. Hilarious that Biden is taking credit

[Anonymous No.56307492]

>>56307457
Take your meds

[Anonymous No.56307510]

>>56302863
This, muchly.

What does it mean to "add a job" anyway? Does that mean someone is actually hired? Or does it mean that a position is created that might never be filled?

[Anonymous No.56307521]

>>56302765
Lost millions of high paying tech jobs.
Added 300000 jobs at walmart and amazon warehouse. ($10-15/h).
It's a win I guess?

[Anonymous No.56307548]

>>56302781
No shit. All the doomer chuds literally hope for an apocalypse catacylsm nuclear war just so that they can finally feel better about themselves when everyone else is poor and depressed like them. Crab bucket misery loves company chudcels

[Anonymous No.56307553]

>>56302765
AND WE'RE BACK

[Anonymous No.56307863]

>>56307521
Actually most of those jobs added regardless of the fudged numbers were government jobs so it's even worse than just high turnover wagie jobs. Complete fake facade of bullshit going on with pretending like we're not sailing towards the edge of a cliff.

[Anonymous No.56307897]

>>56307275
Your skin is the colour of cum and bird shit. Cry harder mayo monkey honkey ass cracker mother fucker. Suck my bbc faggot

[Anonymous No.56307933]

>>56307897
>need cum to create life
>need poo for loo

[Anonymous No.56307946]

>>56302765
what about the 500k drakes who pour into the borders every month???????????
:()

[Anonymous No.56308024]

>>56307510

There's no real analysis if they are jobs that can support someone or just a temp gig or service job.