The Labor Force Participation Rate in the United States decreased in December from November of 2023. However, the December jobs report shows 216,000 “new” workers (Unpacking the POLITICAL Job Numbers) – January 6, 2023
Political years really suck, because it’s hard to know the facts, thankfully technology is allowing more of us to comprehend the data, which allows us to sift through the nonsense.
One of the key factors you have to familiarize yourself with if you’re investing in modern times are “Government revisions of economic data” so for example when ever I see job numbers, especially during political season, I just ignore them because governments can ESTIMATE job growth, and revise the data upward or downward at a later date.
So you’ll often see these round whole, numbers, like in the example below, 216,000 “new” jobs in December, which could also be considered SEASONAL jobs, because after all it was Christmas and America has a lot of CHRISTIANS, but these “new” job numbers could also include individuals already with a job, taking on a new job, which could potentially be temporary during the holiday season.
The numbers: The economy pumped out a surprisingly strong 216,000 new jobs in the final month of 2023, the latest report that suggest lots of residual strength in a cooling U.S. labor market.
December jobs report shows 216,000 new workers, biggest increase in three months | marketwatch.com
So in a nutshell you have “cheerleaders” for their preferred political party, pushing a political agenda using data ESTIMATES. So then when you start to dive into the data, a different picture is painted, the participation rate in the U.S. economy actually DECLINED, in December 2023, which gives anyone interested a clearer understanding of what MIGHT be going on here.
The Labor Force Participation Rate in the United States decreased by 0.3 percentage points to 62.50 percent in December, marking the biggest drop since January 2021. It is the lowest rate in 10 months as 845,000 people left the labor force. source: U.S. Bureau of Labor Statistics
Why would people be dropping out of the job force during Christmas? Wouldn’t that be a sign of recession or economic DEFLATION? Since Joe Biden became President of the United States, his economic agenda in PRACTICE has been to add layers of government regulations to existing government regulations, many of which in practice could be considered RESTRICTIONS on economic activity.
Restrictions on economic activity are like shooting yourself in the foot. Basically, Joe Biden has made it more difficult to start and/or maintain a business in the United States because, in practice, added layers of rules, price controls, and regulations stunt economic growth, this is common sense. stunt the growth of businesses; you stunt the growth of EMPLOYEES, which also stunts the growth of INCOME taxes because, without more prosperous businesses, there will be fewer employees and fewer employees, which equates to fewer income taxes.
With that said, the Republicans on the other side have a Donald Trump problem; I personally think if the Republican Party weren’t obsessed with voting for Donald Trump, Joe Biden would have been impeached already.
“The Swamp” can be drained via Austerity Measures. However, Donald Trump is disinterested in Austerity; Donald Trump has gone as far as to say that he will save Social Security and Medicare as they’re currently designed today. So in practice, Donald Trump wants to REFORM the swamp to serve his agenda, and this is why polls are still so close between Joe Biden and Donald Trump.
I comprehend that for people like myself, Donald Trump is clearly the better candidate, but he’s also very divisive; although Joe Biden is divisive if you’re part of “The Swamp,” Joe Biden is easier to control, Joe Biden struggles to complete a sentence, during Joe Biden’s prime years he was stealing other people’s talking points and labeling them his own.
I actually believe that Joe Biden sold out America, and I think Joe Biden did this blatantly because I believe Joe Biden had given up on ever becoming President, after all Hilary Clinton was the heir apparent until Barack Obama and Donald Trump came along.
So, with all the BLATANT Biden Administration corruption, the media has been on the defensive for Biden. Because Donald Trump is such a divisive candidate, you have to anticipate that there’s a chance that Joe Biden could win reelection and this economic madness continues.
With that said, if you want to navigate this madness, your best bet is to wait for the REVISED data. It’s pretty obvious that the data is screaming DEFLATION, and in a fiat-controlled monetary system, economic deflation typically equates to the Federal Government BORROWING more money, which equates to the madness continuing.
Now with Trump, although he wants the money printing to continue, he does appear to want to roll back SOME of Joe Biden’s regulations, but again, because AUSTERITY measures are not part of Donald Trump’s agenda, the unknown people in the SWAMP will rebel against him, and because Trump is disinterested in austerity measures Trump will AGAIN be financing his own destruction.
Interesting Times Ahead!