Economy

steve2470

(37,457 posts) Wed Aug 26, 2015, 05:07 PM Aug 2015

Opinions about US economy in the near future ?

The recent stock market volatility sparked this question. I'm a bit concerned that the official unemployment rate will start going back up. It's been at 5.3% for two months now.

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Opinions about US economy in the near future ? (Original Post) steve2470 Aug 2015 OP

I think it likely a lot of the "job creators" will want higher unemployment Warpy Aug 2015 #1

there really isn't enormous pressure on wages at this point. unblock Aug 2015 #3

i think there already has been a bit of a global economic pullback. unblock Aug 2015 #2

Warpy

(111,383 posts)

1. I think it likely a lot of the "job creators" will want higher unemployment

Reply to steve2470 (Original post)

Wed Aug 26, 2015, 05:11 PM

Aug 2015

because when you're down to your last 20 billion, you start to feel the pinch of poverty and hear the wolf howling at the door.

The only thing that will encourage fuller employment with people working full time instead of part time is higher wages.

The PTB have the perfect excuse not to do that now.

unblock

(52,386 posts)

3. there really isn't enormous pressure on wages at this point.

Reply to Warpy (Reply #1)

Wed Aug 26, 2015, 05:17 PM

Aug 2015

far too many people on the sidelines not looking for jobs. these people will come back in to the job market keeping wages from going up much.

only when there are no longer many on the sidelines will wage pressures really be strong.

unblock

(52,386 posts)

2. i think there already has been a bit of a global economic pullback.

Reply to steve2470 (Original post)

Wed Aug 26, 2015, 05:13 PM

Aug 2015

i think the unemployment rate will almost certainly go back up a bit, as more people are trying to re-enter the job market combined with a global economic slowdown.

that said, i think this is a temporary thing, i don't think we're headed for a full-blown recession. just more anemic growth.

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