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| The Donald sends a special shout out to Roger, Opie, James and W.P. |
The economy added 313,000 jobs in February, crushing expectations, while the unemployment rate remained at 4.1 percent, according to a Labor Department report Friday that could help quell inflation fears. Economists surveyed by Reuters had been expecting nonfarm payroll growth of 200,000 and the unemployment rate to decline one-tenth of a percent to 4 percent. An increase in the labor force participation rate to its highest level since September 2017 helped keep the headline unemployment number steady, as the number of those counted as not in the workforce tumbled by 653,000 to just over 95 million.
47 comments:
"winning BIGLY" sounds SO much better than the lost 8 years of "unexpectedly" (insert sad trombone music here).
And they're not all temp, contract and part time jobs!
Trump is quickly surpassing obama in presidential greatness.
313,000
Construction lead the way.
Wages remained stagnant.
The largest increase, construction, are not full time jobs in the sense that they are almost always temporary jobs.
But I'm glad to see my union jobs are doing well. Here in Southern California, the skilled trades are having a problem with a shortage of men. Baby boomers are retiring in big numbers.
Wages remained stagnant.
Wage growth came in less than expected, rising 0.1 percent for the month and 2.6 percent on an annualized basis.
reading is fundamental.
"The Donald sends a special shout out to Roger, Opie, James and W.P."
Their trolling and spamming every thread will get worse...
"reading is fundamental"
There's something wrong with him.
Just the facts. 2017 annual job growth was the lowest since 2010, so the first year wasn't all that bright. 313,000 jobs in February this year is pretty good.
Better news than that is that initial jobless claims are near the lowest level in decades, plus a growth in labor force. We would like to see that continue.
Just the facts. 2017 annual job growth was the lowest since 2010
Not to "nitpick" because WP never does it himself...
But according to the BLS...
https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth
2017 actually had more job growth (2.188) than either 2011 (2.090) or 2012 (2.151).
OK, the least since 2012 and pretty much the same as 2012. Still doesn't paint that bright a picture for 2017.
LOL.
Wage growth was 0.01%
You don't think it's a valid point, in the context of job growth showing Trump's "greatness" and after a shout-out to me specifically?
Less growth in 2017 than in the previous five years; I agree that it's funny when several people are gloating about it, but somehow I don't think you meant it that way.
Less growth in 2017 than in the previous five years; I agree that it's funny when several people are gloating about it, but somehow I don't think you meant it that way.
To admit that, they would not be able admit that the Obama economy was a disaster .
I'm more than willing to admit the Obama economy is a disaster.
Rog...
The Obama economy was not a "disaster". It was just stubbornly stagnant (especially for a post-recession recovery). But the main issue I had (and many others had) was the fact that Obama (and his supporters) were suggesting that things like 3% GDP growth were no longer possible.
We conceded manufacturing to other countries. We accepted outsourcing as a way of life. We pushed for more VISA workers that replaced high tech American workers. We believed that we couldn't renegotiate any of our trade agreements.
It was like Obama (and his supporters) saw it as our responsibility to struggle in the "global economy" as some means of payback for our previous generations of success.
"You don't think it's a valid point, in the context of job growth showing Trump's "greatness" and after a shout-out to me specifically?"
I think it's hilarious because you liberals have been giving Obama credit for anything positive in 2017.
Hilarious that you guys can't keep your trolling straight, lol.
It was like Obama (and his supporters) saw it as our responsibility to struggle in the "global economy" as some means of payback for our previous generations of success.
and since he took care of those supporters with record sky high entitlements, he didn't need to grow the economy. only the debt.
We conceded manufacturing to other countries. We accepted outsourcing as a way of life. We pushed for more VISA workers that replaced high tech American workers. We believed that we couldn't renegotiate any of our trade agreements.
_________________________________________________________________________________________________________________________________
all true, which skeets and mr. krugman described as our new normal.
and then trump came along and waved his "magic wand"...
https://www.youtube.com/watch?v=DuhXkCF-L2E
The Obama economy was not a "disaster". It was just stubbornly stagnant (especially for a post-recession recovery).
what i'd like to know is why skeets could not do in eight years what trump has done in about 18 months.
Black unemployment falls to second-lowest level on record in February
Hispanic workers, too, are currently enjoying historically low rates of unemployment. At 4.9 percent in February, Hispanic unemployment is just a tenth of a percentage point above the historic low.
http://www.washingtonexaminer.com/black-unemployment-falls-to-second-lowest-level-on-record-in-february/article/2651148
W. P., shame on you for "trolling" this blog with facts.
‘The Most Dysfunctional White House In History’
Chris Whipple, author of The Gatekeepers: How the White House Chiefs of Staff Define Every Presidency, said this to Chris Riback when comparing how Donald Trump’s White House compares to others.
James Boswell of Normal, Illinois is a pedophile.
James, you should follow the example of your plastic jesus and stand down.
Loretta is a twerp.
Hate to tell you, Commensa, but Obama is not standing down:
Obama In Talks to Provide Shows for Netflix
Barack Obama “is in advanced negotiations with Netflix to produce a series of high-profile shows that will provide him a global platform after his departure from the White House,” the New York Times reports.
“Under terms of a proposed deal, which is not yet final, Netflix would pay Mr. Obama and his wife, Michelle, for exclusive content that would be available only on the streaming service, which has nearly 118 million subscribers around the world. The number of episodes and the formats for the shows have not been decided.”
_________
And that will produce news.
James Boswell of Normal, Illinois is a pedophile
Obama stood down against the Russians in 2016, He stood down when Syria crossed the red line, and he stood down against the Iranians.
Obama does nothing but stand down.
"I think it's hilarious because you liberals have been giving Obama credit for anything positive in 2017"
Really? I somehow missed that ... perhaps you could quote me?
Or was that a spur of the moment accusation, that you don't really have any grounds to be making?
I am a twerp.
Anonymous James said...
W. P., shame on you for "trolling" this blog with facts.
It doesn't "take" though. Consider this:
"what i'd like to know is why skeets could not do in eight years what trump has done in about 18 months."
He's talking about the level job creation. The literal answer is that Obama didn't want to DROP his numbers to the level that Trump managed in 2017.
"Really? I somehow missed that ... perhaps you could quote me?"
Oh please, lol.
"The literal answer is that Obama didn't want to DROP his numbers to the level that Trump managed in 2017."
LOL!
We can all take that as a "No, I can't quote you WP, because you never wrote anything like that."
The literal answer is that Obama didn't want to DROP his numbers to the level that Trump managed in 2017. You disbelieve CH's link from the BLS?
https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth
"The literal answer is that Obama didn't want to DROP his numbers to the level that Trump managed in 2017."
Repeat it again.
You know, to convince us. LOL.
WP...
For whatever reasons, the markets, consumer confidence, and direction of country are all up since Trump became President.
Is it possible that he is just a better salesperson, and is able to sell the same basic numbers as more than it is?
Or is there more to it? Is it the fact that the jobs being created are not part time jobs at Walmart or Burger King, or tech jobs being given to VISA immigrants... but rather because they are spread out and include new jobs in manufacturing, construction, and the sort of tangible jobs that people were told were gone forever?
Neither those facts, nor anything else will "convince" you LOL. As I already told James, the facts "don't take" here. Not even the facts posted by one of your own.
Well actually CH, the retail jobs are also up more than expected (not to nitpick LOL)
You'll recall that I posted a brief analysis of the difference in the GDP growth of 2017. I think if you revisited that, you would find that jobs followed those industry sectors and business impacted by the specific trends. Coal and mining (due to changes in the energy market), replacement of aging equipment in manufacturing (put off due to financial constraints), consumer financial products (likely impacted by consumer credit difficulties) and generally in the recreational industry (perhaps improved consumer confidence impacts this).
Bearing in mind of course, that the job creation that you're talking about was LOWER that year than in 2013, 2014, 2015, and 2016.
Bearing in mind of course, that the job creation that you're talking about was LOWER that year than in 2013, 2014, 2015, and 2016.
Which is my point.
Why does everyone "believe" that job creation is up?
Even GDP was not up all that much from previous years under Obama (Obama averaged about 1.5% over 8 years and last year was 2.3%. In fact, it was slightly lower than 2010, 2014 and 2015.
But it "feels" like things are better than they were, thus the expansion of the Market and rise in consumer confidence.
Is this a reality television show trick, or is there a tangible underlying reason for the optimism?
Unemployment, top of the list for people's confidence in their security. When we're not faced directly by national security threats or domestic unrest, which we're not right now. It's not just the unemployment rate number that we get from the BLS.
Following the economic meltdown, the labor force participation rate plummeted as a large number of workers gave up and accepted part-time jobs, less skilled jobs, or became discouraged and quit the job market. Even as the employment picture improved, many of those people would rejoin the labor force so that competition for jobs remained strong, for years. Those who delayed during the meltdown, such as staying in school longer faced challenges in recovering their careers, as did all of those not fully employed during their prime earning years. I see that population as sort of a backlog, a pool of millions of workers that had to drain before employment became more favorable.
A lot of those have simply aged out, retired. Also a large portion of the older workforce, about 15% of those nearing 60, had become too disabled or sick to work. Thirdly, many of the older workers during this time became obsolete as their skills no longer matched the needs of employers. It adds up, to put it callously, to "out with the old, in with the new" and an improved picture for "the new".
It translates into concrete numbers in that "discouraged workers", not looking for jobs, are down from a year ago. Long term unemployed dropped over the year. The other categories, such as marginally attached and part time for economic reasons, are unchanged over the past year but had improved to that point.
I don't think that people are actually studying these numbers to make rational evaluations of their own prospects, but I do think that people observe the effects and are sensitive to the impacts. They feel like their jobs are a little more secure, and they have a little more confidence that they could find a job if they had to. Prospects for advancement feel just a little better. That translates into confidence, a little more consumer spending, a little more inclination to invest some of that salary.
For whatever reasons, the markets, consumer confidence, and direction of country are all up since Trump became President.
and trump didn't have to piss away $814 BILLION to get us there.
Rat the hole postulated that....
and trump didn't have to piss away $814 BILLION to get us there.
Not yet anyway.....wait until the tax cuts really hit and defense spending goes off the rails.....we will have trillions added to the deficit in no time at all.......but that's okay in rat world since trump the savior is doing the spending....Stormy weather ahead....LOLOL
Rat the hole does care about beaners and blacks.....
Black unemployment falls to second-lowest level on record in February
Hispanic workers
Yep, them leeches are falling into productive line and are finally contributing to society....AND TRUMP DID IIT>>>>> Build the wall stormy weather...
d0pie, speaking of holes, is your daughters vaj still an open sewer? you really need to deal with that before you end up with every dog for a fifty mile radius on your front porch.
Rat the hole spews more sophomoric insults....
speaking of holes, is your daughters van still an open sewer?
No wonder why your kids turned gay....with an asshole like you to lead them!!!! Brilliant....
I thought gay was cool now...
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