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Has been for more than two years.

by cranberryturkey 1y ago

trod1234 1y ago
That leaves us in solid stagflation territory.
- javanissen 1y ago
  Sub-3% inflation [0] and 3% annualized GDP growth [1] sure doesn’t seem like stagflation to me. Not everything is sunshine and flowers but we shouldn’t throw around terms when they don’t apply. [0] https://www.bls.gov/news.release/cpi.nr0.htm https://www.bls.gov/news.release/cpi.nr0.htm [1] https://tradingeconomics.com/united-states/gdp-growth https://tradingeconomics.com/united-states/gdp-growth
  - Supermancho 1y ago
    > Not everything is sunshine and flowers but we shouldn’t throw around terms when they don’t apply. It seems to apply, despite your dismissal. Inflation is an ongoing and pressing concern, as stated by the Federal Reserve. The tightening of monetary policy has contributed to unemployment. GDP is irrelevant, as stagflation is a paradox, not a goalpost. https://en.wikipedia.org/wiki/Stagflation https://en.wikipedia.org/wiki/Stagflation To whit: > In economic theory, there are two main explanations for stagflation: supply shocks, such as a sharp increase in oil prices, and misguided government policies that hinder industrial output while expanding the money supply too rapidly.
  - deleted 1y ago
    [deleted]
quantified 1y ago
No it hasn't. [https://www.cnbc.com/2024/10/04/september-2024-us-jobs-report.html https://www.cnbc.com/2024/10/04/september-2024-us-jobs-repor...]
- nickff 1y ago
  It seems to depend on what data you look at, and exactly how you look at it: https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/09/Nonfarm-Payrolls-and-Employment-Level-2025-08.png?resize=1024%2C656&quality=80&ssl=1 https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/09/No...
  - deleted 1y ago
    [deleted]
- m00x 1y ago
  Almost all of these reports have now been revised down. https://www.semafor.com/article/08/21/2024/us-job-growth-weaker-than-originally-thought https://www.semafor.com/article/08/21/2024/us-job-growth-wea... It's strange that CNBC here decided to use the unrevised numbers instead of the more accurate revised numbers, especially when leading into the election.
- cranberryturkey 1y ago
  The official numbers are pure bullshit.
Supermancho 1y ago
> Has been for more than two years. Tech and Manufacturing have been.

Has been for more than two years.

trod1234 1y ago

That leaves us in solid stagflation territory.

javanissen 1y ago
Sub-3% inflation [0] and 3% annualized GDP growth [1] sure doesn’t seem like stagflation to me. Not everything is sunshine and flowers but we shouldn’t throw around terms when they don’t apply. [0] https://www.bls.gov/news.release/cpi.nr0.htm https://www.bls.gov/news.release/cpi.nr0.htm [1] https://tradingeconomics.com/united-states/gdp-growth https://tradingeconomics.com/united-states/gdp-growth
- Supermancho 1y ago
  > Not everything is sunshine and flowers but we shouldn’t throw around terms when they don’t apply. It seems to apply, despite your dismissal. Inflation is an ongoing and pressing concern, as stated by the Federal Reserve. The tightening of monetary policy has contributed to unemployment. GDP is irrelevant, as stagflation is a paradox, not a goalpost. https://en.wikipedia.org/wiki/Stagflation https://en.wikipedia.org/wiki/Stagflation To whit: > In economic theory, there are two main explanations for stagflation: supply shocks, such as a sharp increase in oil prices, and misguided government policies that hinder industrial output while expanding the money supply too rapidly.
- deleted 1y ago
  [deleted]

quantified 1y ago

No it hasn't. [https://www.cnbc.com/2024/10/04/september-2024-us-jobs-report.html https://www.cnbc.com/2024/10/04/september-2024-us-jobs-repor...]

nickff 1y ago
It seems to depend on what data you look at, and exactly how you look at it: https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/09/Nonfarm-Payrolls-and-Employment-Level-2025-08.png?resize=1024%2C656&quality=80&ssl=1 https://i0.wp.com/mishtalk.com/wp-content/uploads/2025/09/No...
- deleted 1y ago
  [deleted]
m00x 1y ago
Almost all of these reports have now been revised down. https://www.semafor.com/article/08/21/2024/us-job-growth-weaker-than-originally-thought https://www.semafor.com/article/08/21/2024/us-job-growth-wea... It's strange that CNBC here decided to use the unrevised numbers instead of the more accurate revised numbers, especially when leading into the election.
cranberryturkey 1y ago
The official numbers are pure bullshit.

Supermancho 1y ago

> Has been for more than two years. Tech and Manufacturing have been.