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CA gained 76% fewer jobs in 2024 than estimated, grew just 0.3%​

(The Center Square) — Updated federal data shows California gained 76% fewer jobs in 2024 than initially estimated, gaining only 60,000 jobs, instead of the earlier announced 250,000 jobs.

A 2024 state-funded report found that California private sector employment went into a downturn in 2022, with jobs growth only coming from the public sector and related employment. If this trend has continued, the state’s 0.3% jobs growth could have entirely come from taxpayer-financed government and government-adjacent hiring.

“The corrected data show that the state added just 60,000 jobs between September 2023 and September 2024. The monthly jobs report, which the administration and the Legislature relied on to gauge the economy during that period, showed the labor market growing steadily, appearing to add more than 250,000 jobs over that period,” wrote the state-funded Legislative Analyst’s Office. “Actual job growth for the year was 0.3 percent, compared to the 1.5 percent growth initially reported via the preliminary survey.”

The state-funded Legislative Analyst’s Office reported that between September 2022 and April 2024, the private sector lost 154,000 jobs, while the public and publicly-supported sector, which includes the healthcare sector — which is majority-funded by taxes via Medicare, Medicaid, and Affordable Care Act premium subsidies — gained 361,000 jobs.

https://www.thecentersquare.com/california/article_202133ec-35bf-4bd3-8979-2af0250cb5c5.html
 
In the past year interest on US government debt has exceeded expenditure on defence for the first time. This is interesting because it has happened to every empire in history which issued a currency. It presaged the collapse of every single one, without exception. It might take 50, maybe even 100 years but it is historically an unstoppable phenomenon.

As a side issue the two biggest foreign holders of the US$ are Japan and China with a fraction short of a trillion apiece, far less than US pension funds but more than enough to cause major disruption: for example Japan last week disposed of $390 billion partially as its objection the US Tariff policy. Few Americans seem to be aware that these holdings enable these potentially hostile States to cause major problems.
 
colddiesel said:
Rolls Royce cars has been a German carmaker for the past 23 years. Rolls Royce Aero makes jet engines, is British and has had significant manufacturing/assembly capacity in the USA for years.
Click to expand...
An estimated 6000 workers is great news unless ss your a leftist! Then, not so much!

According to the report, the aerospace and defence company is considering shifting production from countries impacted by the trade war, such as China, Canada, and Mexico, where it currently has around 6,000 workers
 
KingDJT said:
An estimated 6000 workers is great news unless ss your a leftist! Then, not so much!

According to the report, the aerospace and defence company is considering shifting production from countries impacted by the trade war, such as China, Canada, and Mexico, where it currently has around 6,000 workers
Click to expand...

The first time you read the article, you thought it was about car manufacturing. 👍
 

Politics​

Trump Admin Notches Another Major Economic Victory​


Published
3 hours ago
on
March 24, 2025
By
Chris Powell



Hyundai Motor Group is set to announce a substantial $20 billion investment in the United States, reinforcing its commitment to expanding manufacturing capabilities and aligning with the U.S. administration’s emphasis on domestic production. The initiative includes the construction of a $5 billion steel plant in Louisiana, aimed at supplying materials for Hyundai’s automotive factories in Alabama and Georgia.

The announcement is anticipated to be made at the White House, with President Donald Trump, Hyundai Chairman Euisun Chung, and Louisiana Governor Jeff Landry in attendance. The planned steel plant near Donaldsonville, Louisiana, represents Hyundai’s first overseas steel facility and is expected to create approximately 5,500 direct and indirect jobs, per CNBC.

The move is designed to mitigate the impact of impending 25% tariffs on foreign-made steel and aluminum, which President Trump has announced will take effect on April 2. By localizing steel production, Hyundai aims to navigate these tariffs effectively and support its U.S. manufacturing operations.

Hyundai’s investment align with a growing trend of foreign companies increasing their U.S. presence in response to trade policies favoring domestic production. Companies like Taiwan Semiconductor Manufacturing Co. and SoftBank have also announced significant investments in the U.S., showing a global shift towards on-shoring manufacturing operations.

https://trendingpoliticsnews.com/trump-admin-notches-another-major-economic-victory-mace/

Rolls-Royce Planning to Shift Production to United States to Avoid Trump Tariffs: Report​

https://www.breitbart.com/europe/20...-united-states-to-avoid-trump-tariffs-report/

More winning.
 
It's just gonna keep getting worse for these commies! Trump is causing severe pain to every last one of them by WINNING WINNING WINNNG! And the pain will continue until the communist party of perverts is done and GONE! That's a HUGE PROMISE! March Madness. Could it get any better?🏀🍿🏀🍿
 
KingDJT said:
It's just gonna keep getting worse for these commies! Trump is causing severe pain to every last one of them by WINNING WINNING WINNNG! And the pain will continue until the communist party of perverts is done and GONE! That's a HUGE PROMISE! March Madness. Could it get any better?🏀🍿🏀🍿
Click to expand...
I'll help you out here. Don't invest in Truth Social, Trump Crypto, TSLA or any other poisoned stock. In 5 years, they'll all be gone like Friends Reunited and Meerkat.

Instead, put your money in Microsoft. Quietly making top quality product, shifting it globally. Stock price is flat-lining currently but undervalued. In the next few years it'll soar.
 
Rightguide said:

Politics​

Trump Admin Notches Another Major Economic Victory​


Published
3 hours ago
on
March 24, 2025
By
Chris Powell



Hyundai Motor Group is set to announce a substantial $20 billion investment in the United States, reinforcing its commitment to expanding manufacturing capabilities and aligning with the U.S. administration’s emphasis on domestic production. The initiative includes the construction of a $5 billion steel plant in Louisiana, aimed at supplying materials for Hyundai’s automotive factories in Alabama and Georgia.

The announcement is anticipated to be made at the White House, with President Donald Trump, Hyundai Chairman Euisun Chung, and Louisiana Governor Jeff Landry in attendance. The planned steel plant near Donaldsonville, Louisiana, represents Hyundai’s first overseas steel facility and is expected to create approximately 5,500 direct and indirect jobs, per CNBC.

The move is designed to mitigate the impact of impending 25% tariffs on foreign-made steel and aluminum, which President Trump has announced will take effect on April 2. By localizing steel production, Hyundai aims to navigate these tariffs effectively and support its U.S. manufacturing operations.

Hyundai’s investment align with a growing trend of foreign companies increasing their U.S. presence in response to trade policies favoring domestic production. Companies like Taiwan Semiconductor Manufacturing Co. and SoftBank have also announced significant investments in the U.S., showing a global shift towards on-shoring manufacturing operations.

https://trendingpoliticsnews.com/trump-admin-notches-another-major-economic-victory-mace/

More winning.
Click to expand...

Hyundai opened their plant in Georgia in 2022. 👍

The newly announced plant is simply more of what they’ve been doing for years. It has nothing to do with Trump, but is good economic news anyway.
 
Last edited:
MajorRewrite said:
Hyundai opened their plant in South Carolina in 2022. 👍

The newly announced plant is simply more of what they’ve been doing for years. It has nothing to do with Trump, but is good economic news anyway.
Click to expand...

The real kicker is: the stock market is counting on the tRump tariffs NOT being enacted, so…

tRump’s tariffs are vapor threats that most companies will ignore once it becomes FULLY apparent that they will never REALLY go into effect.

As you accurately pointed out: Hyundai was ALREADY increasing investment in the U.S. (THANK YOU PRESIDENT BIDEN!!!), and the "new" investment is just a continuation of their business plan.

I highly doubt there will be any real "new" investments in the U.S. by companies that weren’t already moving in that direction thanks to President Biden’s CHiPs Act and the Inflation Reduction Act.

tRump is bluffing on tariffs (and everyone knows it) because the stock market, businesses, and the electorate won’t allow them to ACTUALLY materialize. The push back is already causing tRump to throw in his tariff bluff hand.

I suspect some companies will pretend to capitulate to tRump’s tariff threat so DonOld can save face, much like Russia AND Ukraine are playing at accepting a ceasefire to let DonOld save face (spare DonOld’s fragile ego), but it won’t REALLY help the U.S. manufacturing situation, and the chaos & uncertainty will ultimately hurt the economy (domestic and global).

😑

🤬

It. Did. Not. Have. To. Be. This. Way.

We. Told. Them. So.

🌷
 
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