Job Growth Is Down Under Trump (unemployment, wage, Obama, economy)

[BajanYankee]

Originally Posted by phma

BS is up among anti-Trumpers, as we are near full employment. Its what's for dinner.

Weren't we already near full employment under Obama?

Trump was supposed to take things to the next level, not set us back.

[BajanYankee]

Originally Posted by momonkey

The fact is that the civilian work force participation rate has improved since Trump took office.


https://data.bls.gov/timeseries/LNS11300000

Which means we should have more jobs. But we don't. The economy has generated 200,000 fewer jobs than it had a year ago.

[James Bond 007]

Originally Posted by BajanYankee

No one seems to be mentioning this.

I already have, several times:
209,000 jobs added, stock market says go baby go! So much WINNING! Trump ftw!
209,000 jobs added, stock market says go baby go! So much WINNING! Trump ftw!
209,000 jobs added, stock market says go baby go! So much WINNING! Trump ftw!
209,000 jobs added, stock market says go baby go! So much WINNING! Trump ftw!

[BajanYankee]

The labor force participation rate is 62.9%. On Obama's last day in office, the labor force participation rate was 62.9%.

Progress?

[James Bond 007]

Originally Posted by momonkey

The fact is that the civilian work force participation rate has improved since Trump took office.


https://data.bls.gov/timeseries/LNS11300000

Here we go again - no it has not:

Trump took office in January. The LFPR was 62.9% in January. In July it was the exact same 62.9%. From your own link.

[momonkey]

Originally Posted by whogo

What is that guess based on?

https://data.bls.gov/pdq/SurveyOutpu...me=CE_cesbref2

[legalsea]

Originally Posted by BajanYankee

Job growth is slowing down but our population is still growing. Not a good combination.

Yes, but at an anemic rate, 0.7 percent:


https://www.nytimes.com/2016/12/22/u...on-growth.html


Of course, we know that the Baby Boomers are retiring*:


https://www.bloomberg.com/news/artic...ring-in-droves


I had read, some time ago, that many 'older' employees were only being kept on due to their seniority; that once they retire, the job would go with them (due to automation and such).


Anyway, I imagine that the job growth is doing about as good as can be expected, all circumstances taken into account. I also imagine that wages will begin to climb some.










*I am retiring as of September 2018, on my 30th anniversary of performing this job.

[James Bond 007]

Originally Posted by momonkey

https://data.bls.gov/pdq/SurveyOutpu...me=CE_cesbref2

Total weekly hours does not neccssarily measure part time and full time. It could be that the full time people are working a bit more while the part time are working the same. Or vice-versa.

[BajanYankee]

Originally Posted by momonkey

https://data.bls.gov/pdq/SurveyOutpu...me=CE_cesbref2

The average for the first half of 2016 = 34.4166667
The average for the first half of 2017 - 34.4166667

[marino760]

Originally Posted by BajanYankee

Is that what Trump is going to say to the guy in Ohio who can't find a job?

There are always going to be a small amount of people unemployed for whatever reason. No country in the world has ever been or will be 100 % employed. Trump doesn't need to say anything. If he maintains the status quo with these numbers, he's doing as good a job as any President has done regarding employment. You just can't stand the fact this anti Trump thread is a total failure because you didn't do your homework on this issue.

The Unemployment Rate at Full Employment: How Low Can You Go? | Op-Eds & Columns | Publications | The Center for Economic and Policy Research

"Most economists place the rate in the range of 5 to 5.5 percent, though some estimates go as high as 6 percent. The Congressional Budget Office‘s latest projections have it at 5.5 percent."