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<blockquote data-quote="fishtm2001" data-source="post: 5073852" data-attributes="member: 54375"><p>It must be do to the biased left wing media. Oh wait!</p><p></p><p>via PressRun:</p><p>The specifics:</p><p></p><p>• The government <a href="https://www.washingtonpost.com/business/2021/11/16/government-underestimated-job-growth/" target="_blank">dramatically undercounted</a> the number of new jobs from June through September, so we now know an additional 626,000 jobs were created those months, blowing away the idea of a stymied hiring pattern nationwide. Remember the “disappointing” jobs report from August, with 235,000 jobs? It was actually 483,000 new positions. It turns out there’s been a jobs explosion this entire year, and all indications are the trend will continue into 2022. </p><p></p><p>• Goldman Sachs predicts by the end of next year the U.S. unemployment rate will drop to a <a href="https://www.cnn.com/2021/11/15/economy/unemployment-rate-goldman-sachs/index.html?utm_medium=social&utm_source=twCNNp&utm_term=link&utm_content=2021-11-17T05%3A03%3A11" target="_blank">50-year low</a>, thanks to a "red-hot demand for workers.” Under Trump, the rate peaked at nearly 15 percent.</p><p></p><p>• Retail sales surged <a href="https://www.nytimes.com/2021/11/16/business/retail-sales-october.html" target="_blank">1.7 percent</a> in the month of October, as consumers flocked online and into stores, splurging on electronics and home-improvement projects. American consumers spent $638 billion in October, a 16 percent increase from last year.</p><p></p><p>• JP Morgan upgraded its growth expectations for the economy, raising its forecast for the U.S. gross domestic product to climb to 5 percent in the fourth quarter.</p><p></p><p>• Biden’s pandemic stimulus plan has worked: “Households are sitting on a collective $2.5 trillion in savings built up during the pandemic,” the <em>New York Times</em> <a href="https://www.nytimes.com/2021/11/16/business/retail-sales-october.html" target="_blank">reports</a>.</p><p></p><p>It’s a royal flush of economic good news.</p></blockquote><p></p>
[QUOTE="fishtm2001, post: 5073852, member: 54375"] It must be do to the biased left wing media. Oh wait! via PressRun: The specifics: • The government [URL='https://www.washingtonpost.com/business/2021/11/16/government-underestimated-job-growth/']dramatically undercounted[/URL] the number of new jobs from June through September, so we now know an additional 626,000 jobs were created those months, blowing away the idea of a stymied hiring pattern nationwide. Remember the “disappointing” jobs report from August, with 235,000 jobs? It was actually 483,000 new positions. It turns out there’s been a jobs explosion this entire year, and all indications are the trend will continue into 2022. • Goldman Sachs predicts by the end of next year the U.S. unemployment rate will drop to a [URL='https://www.cnn.com/2021/11/15/economy/unemployment-rate-goldman-sachs/index.html?utm_medium=social&utm_source=twCNNp&utm_term=link&utm_content=2021-11-17T05%3A03%3A11']50-year low[/URL], thanks to a "red-hot demand for workers.” Under Trump, the rate peaked at nearly 15 percent. • Retail sales surged [URL='https://www.nytimes.com/2021/11/16/business/retail-sales-october.html']1.7 percent[/URL] in the month of October, as consumers flocked online and into stores, splurging on electronics and home-improvement projects. American consumers spent $638 billion in October, a 16 percent increase from last year. • JP Morgan upgraded its growth expectations for the economy, raising its forecast for the U.S. gross domestic product to climb to 5 percent in the fourth quarter. • Biden’s pandemic stimulus plan has worked: “Households are sitting on a collective $2.5 trillion in savings built up during the pandemic,” the [I]New York Times[/I] [URL='https://www.nytimes.com/2021/11/16/business/retail-sales-october.html']reports[/URL]. It’s a royal flush of economic good news. [/QUOTE]
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