EDITION: Alleghany County
FAQs PLACE A CLASSIFIED AD ADVERTISE YOUR BUSINESS
77 °
Partly Cloudy
Registered Users, Log In Here
Jobless claims soar to 241,000, way beyond expected in latest Trump economic fail

ht

Posted 8:24 pm, 05/02/2025

Oh goodness 😳

I wonder how many people will get tired of being patient

BigSal

Posted 8:09 pm, 05/02/2025

No, DJT said so just mere days ago.

April 30, 2025.

"This is Biden's Stock Market, not Trump's," he wrote, placing the blame squarely on his predecessor. "I didn't take over until January 20th." He added: "Our Country will boom, but we have to get rid of the Biden 'Overhang.' This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!"

Abraham Drinkin

Posted 7:21 pm, 05/02/2025

The Democrats are claiming Biden policies did this.


Which ones? I would hope all his policies were gone by now

knslyr

Posted 6:11 pm, 05/02/2025

But then there is this: https://x.com/USDOL

DB Cooper

Posted 5:54 pm, 05/02/2025

Stock market today: S&P 500 wipes out Trump tariff losses, marks longest winning streak in 20 years


Kaaa BOOOOM !!!!

BigSal

Posted 5:37 pm, 05/02/2025

Cool post.....

DB Cooper

Posted 4:54 pm, 05/02/2025

If Trump turned horse piss into wine these gowilkes jagoffs would moan and complain about it.

freerangethinker

Posted 4:43 pm, 05/02/2025

Wait a minute. Trump has ended thousands upon thousands of federal jobs. He's remaking the entire world economy and the economy shed roughly 50,000 more jobs than Bidens "roaring" economy? I'll take that.

DB Cooper

Posted 3:29 pm, 05/02/2025

Is that all you got, Oinky?

BigSal

Posted 3:11 pm, 05/02/2025

Just a fews days ago it was Bides market?

Whos is it today?

DB Cooper

Posted 2:03 pm, 05/02/2025

AI Overview
The Russell 2000 is a stock market index that represents the performance of the 2,000 smallest publicly traded companies in the U.S. It's a widely used benchmark for small-cap stocks and is often used as a reference point for mutual funds and ETFs that focus on this segment of the market.

Small-cap stocks tend to excel during economic recovery phases and in periods of strong growth. They often outperform large-cap stocks when the economy is turning around, and they may also see good performance in presidential election years.

Kaaa BOOOOM!

DB Cooper

Posted 1:10 pm, 05/02/2025

S&P up 85 Russell 2000 up 45 (2.4%!)

LOL @ anti and chumpire!

Umpire

Posted 12:59 pm, 05/02/2025

CAN'T HANDLE THE TRUTH, I SEE.

DB Cooper

Posted 12:56 pm, 05/02/2025

Run back up in the woods where you belong.

Umpire

Posted 12:50 pm, 05/02/2025

WHEN THE DOW REACHES 43,450.00 YOU CAN START CROWING.

antithesis

Posted 12:47 pm, 05/02/2025

In comparison, the same period in 2024 had 189,634 jobless claims...

DB Cooper

Posted 12:46 pm, 05/02/2025

April jobs report shows US labor market remained resilient Dow up 650 on news

Poor Anti... is there a doctor in the house?



billythemountain

Posted 12:44 pm, 05/02/2025

Sadly, most of his supporters are already chronically unemployed. They're not included in those numbers.

antithesis

Posted 12:41 pm, 05/02/2025

The outlook is grim for President Donald Trump as jobless claims continue to surge. For the week ending April 26, new applications for unemployment insurance reached a seasonally adjusted total of 241,000, the Labor Department reported Thursday. This is an increase of 18,000 from the previous week and exceeds the Dow Jones forecast of 225,000.

...

Trump's onslaught on the U.S. economy shows no sign of slowing down. During the initial 100 days of Donald Trump's presidency, the stock market experienced its most significant decline since Richard Nixon's time in office. The S&P 500, the American benchmark index, was down 7.9% from when Trump was sworn into office on Jan. 20 until the close of markets on Friday.


CFRA Research revealed that it's the second-worst first 100 days performance since Nixon's second term. During the first 100 days of Nixon's term in 1973, the S&P 500 tumbled 9.9% after a series of economic measures he took to combat inflation.


Those measures led to the recession that lasted from 1973 to 1975.


CNBC reported that the S&P 500 index typically rises about 2.1% in the first 100 days of a presidency, including data from second terms. CFRA data shows that this trend dates back to 1945.


https://www.themirror.com/n...125526.amp

Your Reply

Your Username:

Your Password:


 
Add Reply
Cancel
Dreaming of Italy?
Win a dream trip to Italy! Glide through Venice, sip wine in Tuscany, or explore ancient Rome, experience the magic of Italy. Enter by 7/13/25 for your chance to win a Globus Italian tour for 2!