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Performance 2009 to 2023 (compound annual)

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North American economy in retreat

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4 weeks 16 hours ago #129534 by DearJohn
DearJohn replied the topic: North American economy in retreat
Ron, yes we are being screwed. Not only that this Trudeau government spends with total waste. It was just revealed they spent $199 million on enforcing vaccinate mandates on federal employees when they were already 95% compliant. What a waste to spend this to try and force 5%

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4 weeks 17 hours ago #129533 by RonS
RonS replied the topic: North American economy in retreat
DJ, Canada is screwed. Trudeau is taxing the economy to death.

I wondered why my gas heating bill was up this winter because gas prices dropped so much so I did the calculations yesterday.

Last year I paid 26 cents per cubic meter for gas and this year it 16 cents so indeed it dropped

The delivery charges about the same and the cost adjustment was 7.3 cents last year and 3.2 cents per meter this year, so it dropped too

The big increase was Trudeau's carbon tax 9.8 cents/meter to 12.4 cents so a 26% increase in one year and the carbon tax is close to the price of the gas.

The charge on my heating bill for gas was $57.63 (less delivery, cost adj.) and the carbon tax was $44.85, however the government taxes the tax so there is another 13% on the carbon tax so the carbon tax now totals $50.88.
This means the carbon tax on the gas is 88%. This is ridiculous

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4 weeks 17 hours ago #129532 by DearJohn
DearJohn replied the topic: North American economy in retreat
Way better than Canada, I guess our January numbers not out yet, but December a disaster. A measily 100 jobs but we lost full time for part time

The result came as the number of full-time jobs fell by 23,500 in December, offset by a gain of 23,600 part-time jobs.

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4 weeks 17 hours ago #129531 by Gambler
Gambler replied the topic: North American economy in retreat
Lynnsa, the Covid related pressure may finally be easing. According to Associated Press - The rate at which Americans are quitting their jobs, considered a reliable predictor of wage trends, has slowed to pre-pandemic levels.

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4 weeks 17 hours ago #129530 by alexgreat
alexgreat replied the topic: North American economy in retreat
Yes, more inflation pressure.

Wages increased 0.6% on a monthly basis and 4.5% over last year; economists had expected wages to rise 0.3% over last month and 4.1% over last year.

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4 weeks 17 hours ago #129529 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
Wow, strong numbers and December revised higher for a change instead of lower

The US economy created 353,000 nonfarm payroll jobs in January according to new data from the Bureau of Labor Statistics released Friday, more than the 185,000 expected by economists.

January's job gains were also higher than December's revised figures, which showed there were 333,000 jobs created last month. Initial data out last month showed there were 216,0000 additions to the workforce in the final month of 2023.

I don't think this is Bidenomics, we are still seeing lots of jobs since Covid lockdowns and supply chain problems from Covid are easing. That was a huge distortion. It is also causing companies to bring jobs back to the US to repair their supply chains.

I think Struthers has it right that inflation is far from over

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4 weeks 18 hours ago #129528 by ron
ron replied the topic: North American economy in retreat
The US economy added 353,000 jobs in January, starting off 2024 with a bang.

Guess Bidenomics isn't so bad !!

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4 weeks 18 hours ago #129527 by alexgreat
alexgreat replied the topic: North American economy in retreat
I will guess 185k

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4 weeks 18 hours ago #129526 by Gambler
Gambler replied the topic: North American economy in retreat
Job numbers shortly

Economists consensus at 170K, down from 216K reported in December and the outsized 504K reported in January 2023.

I am going with 225k

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1 month 3 weeks ago #128352 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
Gambler, you had the right direction.

The economy does not look good when you see where the jobs came from and where they were lost

Government jobs grew by 52,000, mostly through increases in local government jobs, while the healthcare sector added 38,000 jobs in December. Social assistance added 21,000 jobs while construction employment added 7,000 jobs. But transportation and warehousing shed 23,000 jobs in December.

Wage growth at 0.4% so inflation looks to continue?

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1 month 3 weeks ago - 1 month 3 weeks ago #128350 by ron
ron replied the topic: North American economy in retreat
Wrong alexgreat,

"The last jobs report of 2023 showed that the US economy added 216,000 jobs in December, capping off a robust year for the labor market."

www.cnn.com/business/live-news/markets-j...er-010523/index.html

Bidenomics Is Real Economics

time.com/6343967/bidenomics-is-real-economics/

Like Reaganomics before it, Bidenomics is largely an argument over economic cause and effect. Bidenomics argues that a large and thriving middle class is the primary cause of economic growth. “When the middle class does well, everybody does well,” the President has repeatedly explained. This is the core proposition of Bidenomics: that prosperity grows from the bottom up and the middle out.
Last Edit: 1 month 3 weeks ago by ron.

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1 month 3 weeks ago #128349 by alexgreat
alexgreat replied the topic: North American economy in retreat
I think a surprise to weak side, so 150k

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