The Fed is going to end up killing the jobs market so says an economist on Yahoo Finance.

[sprinkleeninow]

"The Federal Reserve is being too aggressive with its stance on interest rates and could send the job market into a tailspin, warns MKM Partners chief economist Michael Darda.".

https://finance.yahoo.com/news/the-fede-labor-market-economist-says-102844584.html

[W_HAMILTON]

1. And to make matters worse, it's not done much of anything to help with inflation.

[sprinkleeninow]

2. Ordinary everyday folks gather THIS!

Last edited Sat Oct 15, 2022, 07:24 PM - Edit history (1)

Another note sez: Pres. Biden is overseeing the strongest job growth ever.

Lots of the media are troublemakers catering to reverse 'reporting'.

[Justice matters.]

3. Total unfilled job vacancies for the US.

https://fred.stlouisfed.org/series/LMJVTTUVUSM647S


11,239,000 as of July.

Most of those are openings that require skilled workers.

[Justice matters.]

4. 47% of Baby Boomers have already retired.

https://ritaus.org/2022-retirement-stats-you-should-know/

snip ~

BABY BOOMERS RETIREMENT STATISTICS
-An average 65–74-year-old spends about $55,000 on living expenses.
-Baby Boomers retiring statistics report that 10,000 Boomers turn 65 each day.
-Baby Boomer retirement facts tell us 47% of boomers already retired.
-According to the retirement savings statistics from 2019, only 11% of Boomers managed to save up to $500,000 for their retirement.

~

[Hermit-The-Prog]

5. We don't have too many dollars chasing too few goods, we have too few goods and gouging.

The Fed is using a mindset from 1975 without considering the ripple effects of a pandemic and Russia.