Terrible jobs report
- Thread starter dgordo
- Start date
How about reduced criminal migrants roaming the streets. 😉You’re right! How could I forgotten!?! The one and only positive impact Trump has had on the average American’s life was the renaming of the Gulf of America!
Elon's still here committing crimes and stealing taxpayer dollars and taxpayer information. Be happy you don't pay taxes.
I suppose you should tell that to retirees currently tapping into them to make ends meet or taking the RMD.
LOL.Raw data: Federal government workers - Kevin Drum
Here's the percentage of the workforce employed by the federal government: It dropped from 3.5% of the total workforce in 1955 to 1.4% of the workforce at the end of 1999. Since January 2000 it's increased from 1.44% to 1.49%. Aside from the decennial census blips, employment generally goes up...jabberwocking.com
Percentages, and including the military. Nice play, but intellectually dishonest. And of course you are only looking at federal employees.
Read every job report for the last 4 years, and post the paragraph stating the sectors that are increasing.
1) This is as-of 2/12.......so factor in another 65k federal job cuts to it
2) This is entirely self-inflicted by one person
2) This is entirely self-inflicted by one person
Federal employees are the ones DOGE is targeting here.
If you want to claim state and local employment "is to blame" for being "too large a percentage of the jobs market, then post some data for us.
The reality is that the federal workforce is a SMALL percentage of total employment, and that percentage has been dropping for 5 decades.
U Got PWNED, Cletus.
Read a ****ing graph from the St Louis FRED, Idiot.
I am fully aware of sequence of returns risk. As should every retiree be. As far as RMD's the folks in that situation are not the ones in your first scenario needing 'to make ends meet'. Hence the oddly accurate name starting with 'required'. If they needed the money they wouldnt be needing to make 'required minimum distributions' right? They could also have mitigated them with Roth conversions they had good advice.
But to your larger point, yes there are some that will need to sell right now. I don't suspect that the average fixed income 'needing to make ends meet' getting meals on wheels retiree will be seriously affected by short term market fluctuations as they are typically on SS alone.
Now, certainly some may have to plan appropriately and curb their lifestyle a bit to weather this downturn. Not take a vacation right now etc. But again, they wont fit into your sob story very well. Some may have to delay retirement a bit, for sure.
Now where do we agree? I agree that I do not like the downturn either but, as has always been the case, the market will return to the trajectory it had been on at some point.
A Roth and traditional IRA are math neutral. With that being said, you make other valid points.
I appreciate that. That is acknowledgement is atypical on here so kudos.
Believe it or not, I do think of myself as a middle of the road independent. I liked McCain a lot, and respect Romney. It’s just Trump isn’t even a republican to me and he’s abhorrent on multiple levels, so I probably come off like Bernie sanders sometimes. And I will admit if I’m wrong on something.
Looks like someone learned anew word, “link”. He must have gotten tired of saying remember to pickup your towels off the locker room floor.
Maybe like what happened when the stock market crashed in 1929, people threw themselves off of buildings.
Good for you that you can think this is good.
Have you ever witnessed people losing everything?
Where’s your empathy dude?
It's been posted, Cletus.
Federal jobs have become a smaller and smaller percentage of overall jobs since the 1960s
The idiot you're defending had claimed otherwise.
At an elementary school?? Jesus Christ don’t project that shit you freaking weirdo. Granted you voted for a pedo so it makes sense.
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