Steve R.
Retired
- Local time
- Today, 17:05
- Joined
- Jul 5, 2006
- Messages
- 4,617
Famously expressed by James Carville. This is actually a follow-up to @Isaac's post "Supply Chain Problems - How Bad is This Going to Get? You can hardly buy anything for a reasonable price". The supply chain "problem", is only one aspect of the numerous swirling components making-up the economy. What prompted this post, was Tucker Carlson's critique that the Biden administration is targeting blue collar men. Tucker Carlson in his monologues is prone to hyperbole and sarcasm. In this instance he has gone overboard, which severely undercuts his theme which is a major turn-off. Nevertheless, Carlson makes significant points, which he finally focuses on around the 9 minute mark. That is the Biden administration is purposely making it difficult to return to work. The labor participation rate has been in slow decline, meaning that people who could work, are not returning to work for a variety of reasons. One side effect, the Biden administration is creating the logistics nightmare. For added amusement see the conspiracy angle here.
The graph below has tabs were you can manually select the time period from 1 year, 5 years, 10 years, max.
The number of job openings is increasing, but not the labor participation rate. Why aren't people returning to work? On area, the supply chain problem, moving cargo from the ships to the retail establishments.
Another graph to show the producer price index, which is now skyrocketing as a reflection of the disruptions the economy is experiencing.
Tucker Carlson: The Biden administration is targeting blue-collar men
Tucker Carlson exposes why the Biden administration is hurting American blue-collar workers while offering free services to illegal immigrants.
www.foxnews.com
The graph below has tabs were you can manually select the time period from 1 year, 5 years, 10 years, max.
Labor Force Participation Rate - 25-54 Yrs.
Graph and download economic data for Labor Force Participation Rate - 25-54 Yrs. (LNS11300060) from Jan 1948 to Feb 2024 about 25 to 54 years, participation, civilian, labor force, labor, household survey, rate, and USA.
fred.stlouisfed.org
The number of job openings is increasing, but not the labor participation rate. Why aren't people returning to work? On area, the supply chain problem, moving cargo from the ships to the retail establishments.
Job Openings: Total Nonfarm
Graph and download economic data for Job Openings: Total Nonfarm (JTSJOL) from Dec 2000 to Jan 2024 about job openings, vacancy, nonfarm, and USA.
fred.stlouisfed.org
Another graph to show the producer price index, which is now skyrocketing as a reflection of the disruptions the economy is experiencing.
Producer Price Index by Commodity: All Commodities
Graph and download economic data for Producer Price Index by Commodity: All Commodities (PPIACO) from Jan 1913 to Feb 2024 about commodities, PPI, inflation, price index, indexes, price, and USA.
fred.stlouisfed.org
Real hourly earnings down 1.2 percent for year ending July 2021 : The Economics Daily: U.S. Bureau of Labor Statistics
Real (adjusted for inflation) average hourly earnings for all employees decreased 0.1 percent from June to July 2021. This result stems from an increase of 0.4 percent in average hourly earnings combined with an increase of 0.5 percent in the Consumer Price Index for All Urban Consumers.
www.bls.gov