Open thread November 4, 2022 Dan Crawford | November 4, 2022 8:00 am “Open thread Nov. 1, 2022,” Angry Bear (angrybearblog.com) Comments (9) | Digg Facebook Twitter |
US employers keep hiring at solid pace, adding 261,000 jobs
Boston Globe – Nov 4
(AP) America’s employers kept hiring briskly in October, adding a substantial 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation.
Friday’s government report showed that last month’s hiring remained near the robust pace it has maintained in the two-plus years since the pandemic recession ended. The unemployment rate rose to 3.7 percent from a five-decade low of 3.5 percent.
A strong job market is deepening the challenges the Federal Reserve faces as it raises interest rates at the fastest pace since the 1980s to try to bring inflation down from near a 40-hear high. Steady hiring, solid pay growth and a low unemployment rate have been good for workers. But they have also contributed to rising prices. …
BLS October Jobs Report news release
The GOP Plot Against Medicare and Social Security
NY Times – Paul Krugman – Nov 3
(Dobbs here, not PK…)
I find it interesting that (Covid aside), people are living longer and thus should be retiring later, since Soc Sec was not prepared for the average life span growing significantly longer.
On the other hand, just as important if not more so, technology is leading to less labor-content in jobs, particularly manufacturing jobs, and global outsourcing does likewise in the US if not world-wide. Service job demands not withstanding. Technical job requirements are tougher, such that older employees become obsoleted. This adds to a need to be able to retire earlier rather than later. Not a good situation.
PK’s op-ed references a document put out
by the Republican Study Committee
Reclaiming Our Fiscal Future
(Read it and weep.)
The Republican Study Committee (RSC), a group of over 150 House Republicans, released its annual budget proposal for Fiscal Year (FY) 2022 on Wednesday. …
The budget, titled “Reclaiming Our Fiscal Future,” calls for nearly $12.5 trillion of deficit reduction over the next decade …
RSC Releases Its FY 2022 Budget Proposal MAY 21, 2021
Senate election polling
AZ: Kelley, ahead by 6%
PA: Fetterman, +6%
GA: Warnock, +3%
NV: Masto, Laxalt, tied
NH: Hassan, +10% (CBS)
NYT/Siena College polls
CBS – UMass poll
Is Biden Really that Bad at Protecting the Borders?
“Voters that Republicans are courting with their immigration rhetoric are really worried about American identity looking and feeling a certain way. For these voters, their identity cannot be shared with brown day laborers or families willing to risk death to come to the United States. This is the real promise of Trumpism and why immigration holds such a key place in its ideology. That its adherents would mock Pelosi as the latest liberal avatar to be torn down, rather than a near martyr in their crusade, shows that concern about immigrant crime is only skin deep.” GOP response to Paul Pelosi’s attacker
Not that this will matter to Republicans and their voters, Pelosi’s attacker was an undocumented Canadian and an illegal, having overstayed his visa. Indeed, I do believe they would applaud this attack on Pelosi.
One of the largest populations in the United State illegally are Canadians. DHS released a report showing that the largest group of people who overstay their official welcome in the United States come from across the northern border.
Mexico Border Crossings (October 22, 2022);
Something which remains hidden to the public although published by “The Texas Tribune.” Republican Governors Abbott and DeSantis lie to their constituents.
It’s unclear how many of the 2.4 million encounters represent individuals crossing the border because the count includes people who make repeated attempts during the same fiscal year. Last fiscal year, Customs and Border Protection reported a recidivism rate of 27%. “Border Patrol reports 2.4 million migrant arrests at southwest border this year, the most ever.”