Sojourner00Dec 17
Under normal circumstances (which the U.S. isn’t) the U.S. president has little impact on the economy. Congress has a larger impact because it designates federal spending. The U.S. economy was doing well December 2024.
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Show threadSojourner00Dec 17
In Dec. ‘24 Labor market: Still adding jobs (December +256k), unemployment ticked up to 4.1% and participation was steady.
• Inflation & wages: Headline inflation eased to ~2.9%, while wages rose roughly 3.9% YoY
• Demand & growth: GDP growth was positive (+2.4% annualized in Q4)
• External sector: The trade deficit widened sharply in 2024, subtracting from net demand and reflecting strong import growth.
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#useconomy #jobgrowth #jobloss #inflation
Show threadSojourner00
But the U.S. has experienced a fascist coup, and the leader is wrecking the economy.
U.S. unemploymentrises to four-year high of 4.6% in Nov; employers added 64,000 jobs in Nov, while 105,000 jobs were lost in Oct. And that does not address affordability which has been wrecked by tariff taxes.
#maga #failingeconomy #joblosses #tarriffs #medicalinsurance #risingprices
Dec 17 at 7:57pmIceCubesApp