US economy will soon start losing 175,000 jobs a month, Bank of America warns

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volsrock

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The Federal Reserve’s fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns.

Although the jobs market remained surprisingly strong in September, the Fed is working hard to change that by aggressively raising interest rates to ease demand for everything from cars and homes to appliances.

The pace of job growth is expected to be roughly cut in half during the fourth quarter of this year, Bank of America told clients in a report Friday.

https://www.wishtv.com/news/nationa... jobs,the New York Stock Exchange in New York.


But Biden and all those jobs he created?
 
.
Salty, ConArtist and Crypiss were crowing about all the extra jobs created by Biden, now they've vanished!
 
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volsrock said:
The Federal Reserve’s fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns.

Although the jobs market remained surprisingly strong in September, the Fed is working hard to change that by aggressively raising interest rates to ease demand for everything from cars and homes to appliances.

The pace of job growth is expected to be roughly cut in half during the fourth quarter of this year, Bank of America told clients in a report Friday.

https://www.wishtv.com/news/nationa... jobs,the New York Stock Exchange in New York.


But Biden and all those jobs he created?
Click to expand...

How many jobs were lost under trump's tariffs?

https://www.forbes.com/sites/stuart...h-more-damaging-than-thought/?sh=213e10a465bd

"Donald Trump’s tariffs and the trade war his administration launched against China turned out to be far more damaging than many believed. That is the conclusion of research finding companies, consumers and the U.S. economy paid a heavy price for the Trump administration’s protectionist trade policies."

Forbes is not a leftie and he knows much more than you, twumptard.
 
volsrock said:
The Federal Reserve’s fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns.

Although the jobs market remained surprisingly strong in September, the Fed is working hard to change that by aggressively raising interest rates to ease demand for everything from cars and homes to appliances.

The pace of job growth is expected to be roughly cut in half during the fourth quarter of this year, Bank of America told clients in a report Friday.

https://www.wishtv.com/news/nationa... jobs,the New York Stock Exchange in New York.


But Biden and all those jobs he created?
Click to expand...

There are just so many empty job vacancies we have to go through before we start losing net jobs, I doubt it will happen for another year or possibly more. But we all have our own opinions, and predictions.
 
Walt said:
There are just so many empty job vacancies we have to go through before we start losing net jobs, I doubt it will happen for another year or possibly more. But we all have our own opinions, and predictions.
Click to expand...

Yours are almost always wrong, Walter.

Poor Walter.
 
Walt said:
Well we will see. So far you have been wrong most of the time, but there is always the future.
Click to expand...

Well, no, Walter.

You are almost always wrong with your posts...I was once wrong when I said I was wrong...Walter.

You should have used “we shall see.”

Shall and will:
The differences are subtle, but what is important to note is that both will and shall are used with all verbs to form the future tense. The traditional rule of future tense says that shall is used in the first person (I shall eat lunch) and will is used in all other persons (you will eat lunch, she will eat lunch).Sep 8, 2022


See, Walter, you were wrong with your improper grammar. Did you graduate high school, Walter?

Poor Walter.
 
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volsrock said:
The Federal Reserve’s fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns.

Although the jobs market remained surprisingly strong in September, the Fed is working hard to change that by aggressively raising interest rates to ease demand for everything from cars and homes to appliances.

The pace of job growth is expected to be roughly cut in half during the fourth quarter of this year, Bank of America told clients in a report Friday.

https://www.wishtv.com/news/nationa... jobs,the New York Stock Exchange in New York.


But Biden and all those jobs he created?
Click to expand...

You trolls on your anti American hype at overlooking the forecast of the global economies:

WORLD ECONOMY
IMF cuts global growth forecast for next year, warns ‘the worst is yet to come’

The International Monetary Fund predicts global growth will slow to 2.7% next year, 0.2 percentage point lower than its July forecast, and anticipates 2023 will feel like a recession for millions around the world.

Aside from the global financial crisis and the peak of the Covid-19 pandemic, this is “the weakest growth profile since 2001,” the IMF said in its World Economic Outlook published Tuesday. Its GDP estimate for this year remained steady at 3.2%, which was down from the 6% seen in 2021.

“The worst is yet to come, and for many people 2023 will feel like a recession,” the report said, echoing warnings from the United Nations, the World Bank and many global CEOs."
https://www.cnbc.com/2022/10/11/imf...cast-for-2023-warns-worst-is-yet-to-come.html


The U.S. economy has little chance of falling into a recession this year or next unless the Federal Reserve raises interest rates more than they are currently projecting, according to a new forecast released yesterday at the 13th annual Inland Empire Economic Forecast Conference, hosted by the UC Riverside School of Business.

“Although there are signs of stress in parts of the economy, the wealth created by the excessive fiscal stimulus enacted in 2020 and 2021 continues to drive a consumer consumption binge that will propel the economy forward,” said Christopher Thornberg, director of the UC Riverside School of Business Center for Economic Forecasting and one of the forecast authors. “The only possible thing that could tip things downward in the near-term is if the Fed applies even more aggressive quantitative tightening to control inflation than they’re now projecting.”
https://news.ucr.edu/articles/2022/...23-only-if-fed-intensifies-current-tightening

Biden Heads for the Midterms with Ten Million New Jobs
Inflation is still a cause for concern, but no other President has had this pace of job growth in their first two years in office.

https://www.newyorker.com/news/our-columnists/biden-heads-for-the-midterms-with-ten-million-new-jobs
 
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Earl said:
Well, no, Walter.
Click to expand...

I will try to dumb things down for you. You made a prediction. I made a prediction. We will wait, and see who is right.

But given your history of being wrong about history itself (past events), we have to wonder if you will be right about future events.
 
Walt said:
I will try to dumb things down for you. You made a prediction. I made a prediction. We will wait, and see who is right.

But given your history of being wrong about history itself (past events), we have to wonder if you will be right about future events.
Click to expand...

You did it again, Walter.

You used “will” improperly.

Do you have a reading problem, Walter?

Poor Walter.
 
Earl said:
You did it again, Walter.

You used “will” improperly.

Do you have a reading problem, Walter?

Poor Walter.
Click to expand...

One of us has a reading problem. We should look at the title of this thread, and see which one does. If the title of this thread is "US economy IS losing 175,000 jobs a month" then it is definitely me that has the reading problem. If the title is "US economy will soon start losing 175,000 jobs a month", then it is you that has the reading problem.

I certainly have my opinion as to how the thread title reads, and you have your opinion. We will leave it up to everyone else what their opinion to how it reads is.
 
Walt said:
One of us has a reading problem. We should look at the title of this thread, and see which one does. If the title of this thread is "US economy IS losing 175,000 jobs a month" then it is definitely me that has the reading problem. If the title is "US economy will soon start losing 175,000 jobs a month", then it is you that has the reading problem.

I certainly have my opinion as to how the thread title reads, and you have your opinion. We will leave it up to everyone else what their opinion to how it reads is.
Click to expand...

That’s the third time that you have used “will” improperly, Walter.

Are you retarded?

Here’s an easy method for you to remember the proper use of “will” and “shall.”

I shall...you, he she, and it will.

See how easy that was, Walter?
 
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Walt said:
Your lack of ability to debate your political positions makes clear they are not defendable.
Click to expand...

We are debating grammar, now, Walter and I find you lacking in basic grammatical skills.

You also are losing your self control, Walter, a sign of an immature person, Walter.

Are you a high school dropout...middle school dropout, Walter?
 
Earl said:
We are debating grammar, now, Walter and I find you lacking in basic grammatical skills.

You also are losing your self control, Walter, a sign of an immature person, Walter.

Are you a high school dropout...middle school dropout, Walter?
Click to expand...

Yes, I know... My grammar communicates facts you do not like, and you lack the ability to debate the facts... It is so unfair.... LMAO!!! Sorry about laughing at your predicament.
 
Walter is sulking now...a sure sign of immaturity.

I hope he completes his primary education...or obtains a GED.

I “shall” await his next post.
 
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