Wait what?
Wait what?
That was a terrible number according to the GOP when Biden was president. Hypocrisy. Capital H.
It was even lower under Biden. Chances are the current number is a lie based on all the companies laying off from tariff talk, and AI replacing people. Add in all the government jobs where workers were told to stay home on paid leave or put on Govt Severance, and those numbers aren’t reflective yet.
It wasn’t necessarily a bad number then, and it’s not necessarily a bad number now. Unemployment will not and should not ever reach zero. My question would be has there been a change in underemployment and has there been a change in the labor force.
The purpose of that comment wasn't to speculate whether or not 4.1% is a good or bad number, it was to point out the shameless Republican hypocrisy. They claimed it was a bad number when the democrats were in power but it's suddenly a good number now that Trump is in power.
I agree.
the job market sucks right now
Zero unemployment is absolutely achievable through a federal job guarantee program. It would set a floor for wages and benefits and eliminate an inhuman system that aims to control prices by unemploying people.
Errm, people move jobs, there are seasonal jobs… you can’t have zero unemployment.
Yeah was about to say, I live in an area where most of the businesses only operate for 6 months of the year. When the season ends these workers go on unemployment until they can find work. 0% unemployment is impossible.
6 months?? I’m barely surviving 6 days. bsky.app/profile/snor...
Will UBI you can.
That’s still unemployment, people taking some time between changing jobs is unemployment. It’s math.
Did there is a federal job guarantee there is definitionally no involuntary unemployment. If you want a job you need only go to the locally administered, federally funded job guarantee office. If you do not go to the office or some other job, you do not wish to have paid employment. That’s math.
Our unemployment percentage doesn’t separate out “voluntary” from “involuntary” in part because those are deeply difficult distinctions. With both a federal jobs and a tight labor market generally, many people are unemployed because they are not just looking for a job, but instead a good job
At least all of the jobs guarantee programs I have seen are about offering a reasonable floor for jobs, but someone in the middle of their career often will want to look for a job far above that floor because it’s better for their career & long term finances.
No one actually gives a shit about employment what matters is income because that is how you actually buy the shit you need to survive. A UBI fulfills that requirement. You are just making excuses for false scarcity.
A UBI can't take the place of employment. It can make losing a job less catastrophic, but we will always need humans in the workforce.
UBI is a floor. Everyone with a UBI has an incentive to take a job to earn more than the UBI. There will still be people with jobs with UBI even as AI can do more. The spending of UBI even creates more jobs for people, because people will still want human-produced goods and services.
We're in agreement
I think people want to work, want to be useful. With UBI they may have a voice in which work they do. I expect many entrepeneurs would welcome an opportunity to turn a hobby into a viable business and not have to worry about their kids starving or losing the house. As a society we would benefit.
The basic reality is that we have become so productive that there is not enough real work to do at least not that the rich care about doing. That's why we destroy food in order to create artificial scarcity The problem isn't productivity it's distribution. Folks don't need more work they need money
Not enough work, but not zero. You can't give everyone a middle-class equivalent wage for doing nothing.
And how do you propose goods and services get created and delivered if we aren't caring about employment?
If everyone who wanted a job had one, if I grew unhappy with my job, where would I go? If I wanted to move up where would I go? I do support a government jobs program, but like military service, that wouldn’t be included in unemployment numbers. Zero unemployment is only possible in serfdom.
Yeah, no. There are copious logistical issues with being able to fully employ literally every working age person. I mean, technically, you could have a seasonal worker travel around the US throughout the seasons, but that's unlikely to be practical
Zero unemployment is not achievable. Even former Soviet bloc didn’t achieve it despite the drive to give everyone a job, even creating meaningless jobs just to put bums in seats.
Unemployment is defined as someone who wants paid work having it available. If you have a federally funded, locally administered job guarantee office then you have definitionally eliminated unemployment. Anyone who wants paid work has it available. If they don’t take the offer they don’t want work!
And there is so much need for care work, environmental / sustainability work, and art / beautification work that there’s plenty of (non AI) things to be done.
Yes and no. There are six different unemployment rates generally recognized by the BLS. Persons working a federally guaranteed office could easily fall into one of the unemployment categories. I have an MBA. If I dug ditches for the federal government, I would be underemployed. Which would be U-6
But you’d have a job at a guaranteed rate and with benefits.
Doesn’t make someone any less underemployed.
My apologies, I was interested in actually getting something done rather than definitionally doing it aka not doing it but pretending that we have.
It wasn't just a drive. Being unemployed was illegal.
Indeed, which is why they made up fake jobs to pretend that everybody was employed even though they weren’t actually doing anything meaningful or productive. But in a capitalist system, this is impossible as there is a never ending quest for efficiency aka how to do more with fewer people
They also made up fake factories. One "funny" story: In Ostrava, in northern Moravia (Czechoslovakia), there were two factories. One produced steel pipes, the other processed those new pipes (which couldn't find market) as scrap metal and sent the material back to be made into pipes again.
Lots of jobs. No actual output. And lots of pollution. Yay!
That was why communism was destined to fail economically, because you can only pretend so long before the game is up
There is plenty of productive work to be done! We have an aging population that needs care and companionship. That doesn’t create waste or pollution. There’s plenty of greenscaping and sustainability work to be done. There’s beautification work to be done - public art is valuable work.
My post didn’t state there isn’t meaningful or productive work out there only that under communism that didn’t matter because the metric of zero unemployment was key. So what do you suggest for people who aren’t interested in this wide range of future employment you outlined?
Exactly!
This is the exact reason zero unemployment is possible in the US and not the USSR. With sluggish productivity, the marginal value of employment goes down for each additional worker. High productivity means every work is valuable
Trying to get to 100% employment was one of the reasons why the Soviet block failed, that is, why it has such low productivity. People focus on USSR, but the communists also took developed economies and ran them into the ground, e.g., Czechoslovakia.
The USSR’s failure was largely due to their extremely slow to adapt economy because it was centrally planned. A government jobs guarantee + a private sector avoids that
The USSR failed for many reasons, one of which was central planning. The current Trump administration is actually increasingly centrally planning and infecting government into the private sector - this will continue as the mad king keeps making improvements to coke, gas cans & even hiring practices
Big tech & corporations in general aren’t interested in full employment, they’re interested in efficiency & profits. With the rise of ai they will actually be eliminating rather than adding to the workforce.
The scheme doesn’t take into account that in order to do it you’d need to outlaw unemployment as there are always people who will not be interested in getting a job.
And even that and making up lots of nonsense jobs did not get to truly 100% employment. (Funny aspect of communism was that say organized crime bosses had fake jobs like night watchmen or cleaners, etc. They obviously never showed up for them.)
That’s a feature of all authoritarian systems, they control the policy and reporting, there is no such thing as independent review. Hence why the numbers they provide are rarely truthful and accurate. When China reports on jobs, GDP or Covid, they first massaged them # to fit political narrative
People who don’t want a job are not considered unemployed for employment measurement statistics
To clarify, no one who says 0% unemployment is ever referring to 100% labor force participation rate. The unemployment rate measurement considers those individuals to be outside of the labor market
under employment increase but not super high fred.stlouisfed.org/series/LNS12...
But a Trump presidency makes 4.1% beautiful, in comparison with other indicators.
I remember when Obama was president and Fox News and the Republicans would say unemployment numbers were false and underreporting the actual unemployment rate.
These are anemic job growth numbers.
Said the man with a low IQ
Uncle Tim, a disappointment to his ancestors and progeny.
Biologically speaking, Senator Tim Scott has no progeny.
Finally, some good news.
If the economy is on fire, then you need restrictive financial policy, not expansive financial policy.
It’s never not going to be bizarre to me that Tim Scott’s entire aspiration in life seems to be “overly sycophantic ass-kisser” He’s never not carrying water for someone else
How does he get elected? There’s absolutely nothing good about him.
On fire, like a dumpster.
God, Fox News is just straight poison. But I do agree the economy is on fire.
Biden had 3s, DEI Hire.
Token is such a clueless schmuck. 🙄
August 1st we shall see! Consumer confidence is low low! Not buying is going to cause A Recession!
Tim Scott is an empty husk of a human being after selling his now worthless soul.
How is it he has employment at 4.1 and thinks that’s good Biden was at 3.4. www.google.com/search?q=bid...
The plan T has put forward-merging the Fed and Treasury. That's his goal
Another useless Trump sycophant! The tariffs will kill our economy!
Do you trust any of the numbers that the government puts out?
Yeah, set the economy on fire, does dumbass know what that does? It causes inflation. Not that it matters, the tariffs are going to cause plenty of inflation on their own.
They’re fudging the numbers. There’s no way unemployment isn’t at least a point higher.
What a fool
You know nothing. You’re only as smart as the last person you talked with. And in the crowd you’re hanging with…my dog knows more.
You lower interest rates when the economy is bad, to stimulate growth and employment. Asking for lower interest rates in a strong economy is asking for an increase in inflation.
This guy is not only a spineless, insipid, morally bankrupt grifter and creepster, but he is also an ignoramus when it comes to economics.
These people are lying idiots.
It was the same rate when Biden left office, and the Republicans said our economy was in shambles.
My masser say we need them lower interest rates, yesum, that what he say.
Tim, you’re a ridiculous ass clown.
Booming economy has seen double digit increases in bankruptcies. Credit card defaults 15 year Hi. Defaults on car payments R @ 30 year Hi.
tim scott is not an economist but he is a trump toady.
Tim Scott is such a sad excuse for a man. 😒
😆
"I love you, Donald J Trump!" Tim Scott
104,000 new private contractors hired by ICE 🥴
And they dont count the immigrant workers abducted as a job loss.
Tim "suck dick" Scott sezs what? Clearly a firm believer in shitifying America. Total asswipe.
Unemployment up, inflation up, interest rates up. Tariffs aren’t in full effect. Medicaid and Medicare gutted next year. SNAP gutted. The stimulative economic effect of what is coming is going to destroy the United States. Many will die. The rest will wish they were - strap in.
Tim Scott here making a solid case for higher interest rates. Tell me how you don't understand economics without saying so.
The excuse people give for why Harris lost was that inflation was at Armageddon levels. We were all dying from the oppressive high grocery bills. Now it seems hardly anyone gives a flying fuck about high grocery bills anymore. I’m tired of being fucking gaslit.
Especially since grocery prices have increased 20%-30% since Trump took office. Which leads me to believe that it really was never about the price of eggs...
A long-running Gallup poll shows a steep drop in the share of Americans who name inflation as their biggest financial problem. Only 29% of consumers listed inflation as their top financial concern in April, down from 41% in April 2024. www.usatoday.com/story/money/....
Prices have increased yet consumer concerns over inflation have decreased? Someone make it make sense. I bet you could draw a correlation between consumer drop in concerns about inflation and a drop in media coverage about inflation. Google inflation and hit “news” and see how barren coverage is.
Yep. The media is complicit. Serving as stenographers for anything the rightwing blurts out.
US people are more focused on Epstein files which have zero impact on people’s view of Trump. Well done, Donnie. Distract US with something that won’t make you look worse!
Maybe other things have become BIGGER concerns?
Like Epstein?
Indeed. Track how many times per day that Fox News says, "Obama" versus "Inflation."
bsky.app/profile/laco...
Because, under Trump, high inflation is expected. It is a given. It is the price of getting a POTUS like Trump!
Harris didn't lose. Ex CIA whistleblower states "In December 2024, I was personally involved in an NSA-authorized forensic audit of the 2024 election. Kamala Harris and Tim Walz won--by a wide margin. Trump lost dramatically." Lets get the rightful president in office!
Were fine... The buffet is open on the lido deck!
South Carolina needs TWO new senators.
I’m old enough to remember when a better economy under President Biden was a “dead country”. So sick of lying maga fecks.
Ok, if the economy is on fire and the interest rates are brought down now, what tools will there left be to boost the economy when it slows down?
Tim Scott: But first I must kiss the ass of the best president ever to walk this earth. 🤣🤣🤣🤣🤣
Meanwhile homeless encampments are popping up in my city
Those will be dealt with shortly when the Gestapo comes in to round them up for "rehoming" at one of the indigent camps.
Why was he not saying this when Biden wasn't president?
Uncle Tim, if we are at full employment and economy is on fire why on earth would we lower interest rates? What a moron...
Such an Uncle Tom kiss ass.
SHUT UP SELL OUT.
Uncle tom vibes here!
Tim Scott is second biggest embarrassment to black men after Clarence Thomas.
What about Mark Robinson? NC dodged a bullet there.
Herschel Walker would like a word…
Walker would be third on that list.Lmao
Uncle Tim needs to fuck off !
More gaslighting from a MAGA dipshit. I don't trust any of his numbers. They're cooking the books.
Uncle Tom.
It’s wild how the lie like the Fed can’t see the actual numbers..
AI took my job 3 yrs ago & I've stopped looking now b/c they hold unemployment against you +age+education+disability. Unemployment rate doesn't show people like me who used up their "allowance" or the folks who are forced to go work bagging groceries or McDs b/c they can't continue their careers.
still waiting for his phone to ring
Boot licker
180 degrees wrong, Timmy.
=INFLATION! Fking morons.
What a suck-up🙄
Tim Scott is the perfect example of what a yes man ass kissing sycophant is , oh that’s right all republicans are except for a select few oh that’s right those two were born without !! More balls than the men!!!
The inflation spike from lower interest rates WOULD metaphorically set the economy on fire. But --- not in the way he's suggesting.
Literally the Fed's job to prevent the economy from "being on fire".
I expect much higher costs for everything will depress demand and create surpluses of all goods and (while they remain available) services. Imposing new sales taxes on your citizens of 10-50+ % will do that. (And corporations can gouge & blame tariffs, too)
What a sap
Tim Scott is a good parrot.
Look, I know we now live in Oceania and we’re supposed to believe whatever they tell us instead of our own lived experience, but there IS inflation happening. Lower interest rates - much as I’d love to see them - are going to further inflame the situation. The groceries are already too damn high.
I'm not a financial wizard. Not at all! Neither is this fucking cat over here. YET...we both understand economics better than this miserable trump ball licking jackass. #FuckTimScott
What a perfect description of this guy. No shame.
Lick arse a little more, Scott. You might have missed an acre of that wide load.
I'm Tim Scott. i'm an economic imbecile!!!
Aka, let's burn down the economy...
This is clueless, typical MAGA.
We need a president that isn’t spending taxpayers money on golf and trips to his resorts
I named Trump “Most Evil”.
Alas. Why not both?
Trump wasn’t losing at being evil. He is a master of that trait! A successful evil person is worse than a losing one.
This guy is literally a walking cartoon.
Rampant inflation on its way to your neighbourhood
Lower rates so more housing can be bought up by investors and turned into high rent properties
They still haven't counted all government employees and agencies they've closed. Wonder why.
It's Bidens economy, you moron. I wish he had to start from behind the way Biden had to. Everyone said we would have a recession, and they were wrong.
Is his fiancée fully employed though?
They are married now. And see each other every alternate Passover.
🤣🤣🤣
Scott is everything we teach our kids not to be. His character is like that of a stink bug. Wreaks.
Tim Scott is a Compli-Sicko… a Complicit Sicko. We all know what Trump did and what he is capable of doing. Because it’s in the record.
It's always sad to see someone suck up to that orange orangutan.
These liars suck
Powell is the new Fauci Villainizing expertise again
Hilariously he know his job security is the bond market. One whiff of him being fired and it’s hello imminent default on federal loans 😂
Unemployment was 2.7 when Biden was in office, now 4.1 is something to cheer aboutm
I don't believe those numbers and thankfully, our skilled expert, Powell does not believe the numbers either. Trump is not an expert and neither is Scott.
Absolutely hilarious that they keep using the same metaphor economists use for the bad thing that happens when interest rates are too low
Fox propaganda
Uncle Tom yes sir!!!!
He is dumb.
Uncle Tom says what?
Our unemployment rates were lower under Biden. If you want an economy on fire, then STOP THE F'ING TRADE WARS!!! Trump has not been right about anything. Isn't this the same guy that tried the Powell gotcha with false information?!
This is a lie and plus the regime is cooking the books with false information
I’m not an economist, but I thought ‘full employment’ usually means inflation, which means higher rates. And I hate this notion that 1 person out of every 25 is out of work somehow equals ‘full employment.’
When is someone going to make this 💩🤡go away?
I can guarantee if there were no tariff-driven inflation fears, the fed would have already done so
Wait until you are working the fields you ridiculous man! Tim Scott is cuckoo!
When you deregulate you get a bump in the economy Reagan saw that It goes up until a bubble forms and then it crashes. Trickledown IV will be like the recessions of Trickle-down l, ll lll
These people are so dumb, do they even listen to themselves?
I think they listen to themselves and they are so dumb. I don't know if they know how dumb they are, but they are literally the dumbest people we know. Nobody's ever seen dumb like this.
Oh just in case Tim Scott decides to sue me because he's not actually dumb... I should have said he could also be extremely corrupted or incompetent at functioning as a check on the worst businessman in America POTUS.
So, the SAME as under Biden in Dec 2024. Anybody gonna ask how this economy is "better" than Biden's? Anyone?
Biden didn’t have tariff rates that changed every day either.
Yeah, this economy is held together by duct tape and wishful thinking from a corporate cult.
“It’s class warfare.” - Dropkick Murphys
The rightwing noise machine works on the sheeple. Gas prices! Egg prices! Inflation!! Oh my! As soon as they get in power it's never mentioned again. And the media is complicit every step of the way.
We need Democrats running the country.....that's what we need shill.
🖕👎💩
source for stats?
Make “Economics 101” a HS freshman class requirement.
Economics 101 would tell you 4.1% unemployment is full or incredibly close to full unemployment. You have to look beyond the unemployment rate to actually understand what’s going on. I’d love to see the labor force and underemployment numbers.
Does Jerome Powell have to explain this to you again?
Yes, over and over. Using different words that even MAGA can understand.
Pictures with crayons
Trump with his sharpie can make unemployment goes to zero easily. Inflation too.
I’m surprised that Trump and the grand wizards at the Heritage Foundation gave Tim a speaking role …
Scott is a fucking moron
Shilling and grubbing for Trump didn’t work for Tim last year. Why does he think it’ll work now?
We all know that when inflation re-ignites, and we know it is headed in that direction, it will be Biden’s fault. When the courts declare Trump’s tariff taxes illegal and inflation falls then Trump will claim victory.
Sorry, sapsucking bastard.
Maybe try not putting tariffs on everything, you uninformed malcontent?
Uninformed and always think he is right is a great combination for a POTUS!
Can you believe this guy is still kissing up? 🤣 what a fool. Trump is never gonna give him a fabulous new job or anything for all the lying and gaslighting 🤣🤣🤣
🎶Gar Gar Gargling Donnie’s balls🎶 (Why am I hearing this in Axl’s voice? That’s just so wrong.)
The typical mountain dew drinker has never taken a macroeconomics course. Which is what they’re counting on.
OMG Tim Scott! You have been inhaling way too much toxic waste exhaust from your Dear Leader's rancid a**hole dude! Your understanding of economics is just one floor above Trump's and Trump's is stuck in the basement! You need to pull your nose out of that butt and fresh some fresh air Timmy!
You raise rates when the economy is running hot dipshit.
That 40% inflation is gonna be so much fun!
As a medically smart individual, it’s hard to see someone tricked so easily and so fast. Rough. He’s just dancing for him Jesus Christ
Good puppet.
What does his ‘wife’ do for a living?
Those boots must taste good
I still want to know why he wasn't given a hard hat to wear last week at the Fed Reserve Bank building. They didn't bring enough props or they don't care if a brick fall on his head. Which one it it?
Fire! Fire! heheh Fire!
🥾 👅
Tim scott supports pedophiles!
Any non-white person still supporting Turdy Rumpy at this point in time, is beyond stupid! And yes, that's you Tim Scott! What a douche! 😂😂😂
We need an ideal wealth distribution. Until then we will suffer under the lash of Oligarchs, and there will be no freedom or choice in America, just blind obedience to Tangerine God-King 🍊💩
Load of 💩
We do need lower interest rates, at least for mortgages.
He sold his soul for nothing.
We need less Trump boot-lickers.
fewer
Uncle Tom
Why does this man sell his soul over and over….he won’t get anything from trump…Trump will just keep using him
They're all delusional.
Well, you ain’t getting it today Tim
We're at full employment AND there are millions of lazy medicaire recipients who need to go get jobs
Economics. It's not for everyone.
Lower interest rates at full employment is inflationary
Isn't that in the first macroeconomics class you take?
Itvwas for me. 1977
This is BIDENS employment numbers. Trump literally fired massive amounts of people in Gov & kidnapped others. Wait until we have no veggies or clean hotels or nurses & doctors etc. Asshat 🤬
Satan’s cheerleader
Four point one percent employment is nowhere near "full employment." It means that 95.9% don't have a job. Scott isn't listening to what he is saying.
Is he still married?
Tim Scott is the worst kind of Uncle licking ass Tom since the Civil War. His sorry need to be approved by white Republicans is a pitiful and sorry sight.
I'm nowhere near as smart as Tim Scott, but 4.1% employment means 95.9% unemployment. That seems bad, right?
lol
I like the idea of a turducktim. Stuff Tim Scott inside a duck's ass and then put that inside a turkey. After that, just throw it away. You'll thank yourself.
They gave it away when they said "let people refinance their houses"...most finance companies charge exorbitant fees to do that and most times you end up paying MORE to the bank than if you'd just kept it the way it was.
Typical republican kissass senator!
Lower interest rates on an unstable economy?Wrong. We need a $20 minimum wage and to tax billionaires at rates they were taxed in the 1940s and 1950s.
Assumption: the unemployment stats are correct. Reality: the Trump admin is fucking with the stats to make themselves look good.
Always start with the assumption they are lying. You’ll be right about 100% of the time.
This guy is an embarrassment to himself
Bollocks
But I thought we needed to deport people here illegally (and apparently on work visas) so there were more jobs available to Americans? Racist hypocrites.
Until now, the US paid 0% tariffs on most EU goods. So TACO comes in, threatens 30%, then agrees on a 15% tax to be paid by the American consumer. This is a "victory'.
If the economy is strong, you don't need to lower interest rates. It would likely be counterproductive, stoking inflation. The stupidity just trickles down from the top.
Oh! So the economy was amazing during the Biden administration, then? Thanks Tim Scott!
Biden’s unemployment rate remained below 4% for 27 months, from February 2022 to April 2024, the longest stretch of sub-4% unemployment since the 1960s. Scott would never have given such a rosy assessment back then. He’s a total hack
What do we need to artificially negate tariffs? Lower interest rates....😡
Does he have any original thoughts of his own?
. Unemployment was 4.1% in December 2024. So, after all the deportations, no progress. Weird.
I REALLY THINK THIS IS A GREAT TIME FOR TIM SCOTT TO DISAPPEAR LIKE HE'S BEEN DOING. WHERE ARE HIS VOCALS REGARDING THIS ISSUE? IF HE HAS NONE, THEN WHAT IS HIS PURPOSE? -ONE. bsky.app/profile/phil...
Simpleton.
It's sad how they all clearly get handed the same talking points to further an agenda across all outlets.
🤡
The world stopped believing anything the USA said 6 months ago. Nothing they say is factual and usually a blatant lie.
I don’t think we want an economy “on fire”. Don’t we want it to be happily simmering and burbling?
Sycophant Tim is relying on Trump stats and no knowledge of economics whatsoever.
Isn't the wage growth also dropping? It seems at some point these two things are going to be problematic. No matter how much this admin tries to convince the public the rising prices they see are not real.
Someone should tell Sen. Tim Scott from South Carolina that one of the largest employers in South Carolina, ZF Group, is all in on diversity and inclusion. So Tim should tell Donald and Trump admin to stop its racist attacks on corporate DEI.
ZF is not performing so well at the moment.. and I am sure that Trump will say "this is because of diversity and inclusion.. just stop it.. and you will be a big beautiful company again" 🤡
Oh the #comeuppance for people like #TimScott is going to be something to see.
So dumb
We had that under Biden and Republicans nevertheless spent every second of the day claiming the economy was in collapse. Breathtaking audacity.
it's hysterical they keep putting this ass on fux...
"How's your wife?"
Not a bright man.
'Almost full employment' If 4.1% is nearly full employment, then America has been at 'nearly full employment' since the great depression (pandemic aside)
Wow how can he breathe with his head so far up Trump’s ass?