What July’s monster jobs report means for the wider economy l ABCNL

ABC News business reporter Alexis Christoforous and Bankrate.com chief financial analyst Greg McBride break down a strong July jobs report.

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29 thoughts on “What July’s monster jobs report means for the wider economy l ABCNL

  1. Just as Obama/Biden pulled the Bush economy out of the hole. Biden seems to be mimicking the same to pull tRumps economy out of the hole. Build Back Better is working and probably making tRump roll over in his sleep. Gold is low which is to say the economic outlook is good. The fed is raising the t
    rates which again is a sign of looking up. The main factor is can Biden reduce tRumps inflation that has hit us now due to response lag. Had mercicans not had a massive bailout in 2020 due to really poor 2017 tax plans and the poor handled pandemic who knows where we would be.

    It's funny how when capitalism fails, America implements socialist/welfare tactics and call it 'stimulus'. Why do we need stimulus if the economy is rocking as we were told? It's because we were told a lie for 4 years.

    America is suffering inflation because of tarrifs that the Chinese did not only NOT pay for but America did. And Chinese prices in themselves are higher because of them. I always said if you can bankrupt a casino you can certainly do the same with a country. Good thing we didn't have four more years of that ignorant stupidity.

  2. Back in 1982 and 1983 I was unemployed during Reagan's recession. College educated with a student loan on my back, and I couldn't buy a job. I couldn't even afford to go on a date. Trust me, this is no recession. Prices will come down once products become more readily available. Anybody who wants a job right now should be able to find one. We are going to look back at today, sometime in the future, when the Republicans have once again run our economy into the ground and remember this as the good old days.

  3. The US should allow South Korea to possess nuclear weapons directly. If the United States approves of South Korea's nuclear weapons program, South Korea does not have to pay attention to North Korea and China. In the international community, the United States has a stronger ally, Korea, as a friend. The United States and South Korea, the two alliances, can more powerfully practice God's free and democratic justice together. Korea has never invaded her neighboring country in its 5000-year history. In Korea, 12 million people are Christians. In 1948, Syngman Rhee, who was filled with the Holy Spirit, founded the Republic of Korea with a Christian spirit. Reunify North and South Korea through the Gospel That spirit is stipulated in the Constitution of Korea. He started the first National Assembly with the pastor's prayer, and the record remains in the minutes of the National Assembly. In Korea, the forces captured by the Communist forces are dominated by left-wing politics, left-wing broadcasting, and sinful media. Jeonkyojo, an organization of sin-sect teachers. Left-wing labor groups: People's Union of Trade Unions, etc. are spread all over Korea, and they are brainwashing the people about the withdrawal of US forces from Korea and the reunification of the North Korean-style federal system. This is a serious challenge for the Republic of Korea and the United States. This faction has almost disbanded the Republic of Korea during the past five years of the Moon Jae-in administration and is a major faction that follows North Korea, taking control of everything including the National Assembly. MBC, JTBC, Hankyoreh, KBS, SBS, and other media outlets are following North Korea's orders to impeach the conservative government that has been elected for less than two months. The United States should help the Yun Seok-yeol South Korean conservative government succeed. All intelligence and information should be shared directly with President Yoon. The reason why President Yoon abandoned the Blue House and relocated the office is that the Moon Jae-in regime has planted spies in the Blue House, from high-ranking officials to cleaners and plumbers. The United States should help the Yun Seok-yeol government. If Korea collapses again, it will surely become 100% communist. In order for the Republic of Korea to establish a second nation in the spirit of Christianity, it must declare a military revolution and martial law in order to eradicate its internal enemies. Now, the South Korean government is unable to catch a spy even if they see it. This is because spies control the entire society, including 180 seats in the National Assembly (2/3), the entire broadcasting station, 90% of the media, the left-wing police and the left-wing prosecutors. The United States must protect and help the 12 million Christians and the Republic of Korea established by God. Pastor Kwang-Hun Jeon, established by God, and numerous Christians fought lonely on the streets every day, even when it rained or snowed, to protect the kingdom of God, Korea. The former left-wing regime, Moon Jae-in, forcibly removed conservative patriot Pastor Jeon Kwang-hoon from prison three times. Leftists control 90% of each institution in South Korea. The only way to solve this is through the Christian spirit and the active support and cooperation of the United States. The kingdom that God has established must be maintained. The countries are Israel and the United States. Only 3 countries.

  4. Yes, jobs created, doesn't mean they are being filled, where I live help wanted signs are everywhere This is why there are shortages of so many things! Raising interest rates will just make more people poorer. Once again the Feds have their heads up their asses

  5. "We added more jobs than most people expected, but the gains really were disproportionately part-time workers," said Kate Bahn, economist and director of labor market policy at the Washington Center for Equitable Growth. "To me that means even if workers are coming back it's to jobs that pay less, and families will be worse off." CNN Business

  6. Corporations sitting on record profits and cash on hand suggests that they do NOT in fact need to raise prices to afford higher wages, but rather they are taking advantage of the inflation situation to increase their profit margins at the expense of the dwindling middle class.

    The rich are getting richer and the poor are getting poorer in the unsustainable end-stage capitalist society we live in. Crop failures and corporate profiteering will likely lead to food and water riots in the U.S. in the coming years, as the poor have to spend more and more on sustenance.

  7. ♥️𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗮𝗱𝘂𝗹𝘁 𝗽𝗼𝗿𝗻 𝘃𝗶𝗱𝗲𝗼𝘀 𝗼𝗻𝗹𝘆❤️ Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine verwohn.online Brünette und eine andere Blondine. Es wäre unfairi, wenn ich 4 wählen würde

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