Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Back then, the employment figures were a lie as they didn't count a lot of people.
Now, of course, these employment figures are gold.
Back when ? During the "great recession" ?
Economic cycles go through boom and bust periods and employment numbers follow suit.
It has very little to do with who is sitting in the Oval Office especially since we are now a global economy.
Gotta love how the left is rejoicing over this.....
The Left wants the US to fail and thrives over anything they perceive as bad news concerning the country. Myself, I run to my PC first thing every morning to check my 401K accounts. Doing quiet nice!
You do see the common sense aspect of how this all works, right?
The current unemployment rate is at 4.1%, a 17-year low. With such a low unemployment rate, they are not that many jobs to be created as there are when it's at 8 or 9 percent..
When the unemployment rate in 2011-2012 was 8% - 9%, there are more people out of work, hence, more jobs that can be created.
Oh, so now that there's been some mediocre jobs numbers under Trump, all of a sudden his apologists are coming up with rationalizations. This is not what we heard during the campaign, and during his first few months in office. Remember during one of the debates, when a jobs number similar to this one came out, Trump mocked Hillary for such a poor number? Now that we're getting similar - and even worse - numbers under Trump, suddenly we have good economic reasons for such poor performance!
Now, what's even funnier is, now that the Trump apologists are acknowledging this, they have little choice but to also acknowledge what Eli34 pointed out in post #16: If you have mediocre jobs growth - for legitimate reasons or otherwise - you're going to have mediocre GDP growth. The combination of both is going to make the predicted Trump boom look like a joke.
Things are going to look like Japan or much of western Europe: Low unemployment rates but also low growth. And with Trump scaring off immigration we're going to get low population growth too, which will further slow down economic and job growth, and make the US look even more like western Europe or Japan.
First off the job creation rate in 2017 is slower then in 2016 when the the UE was 5% or lower. So we don't need to look back at the earlier years.
I would agree its likely that job creation is going to slow down at the current levels of employment. Even this latest number is not a bad number. However, Our Dear Leader's position is that he is a great job creator and following his initiatives the US will create jobs at a faster pace then during the Obama administration. I suppose if you desired you could just blow off his comments as just more meaningless bluster by Our Dear Leader, however we are now on a course because of the tax cut where the US is going to need that higher level of job creation.
Trump has only been in office one year. Only just now, has he signed major tax legislation with the potential to positively impact the economy. Don't be so doom and gloom, since this new tax bill has barely started to go into effect.
Starting in 2009, we had a huge, and historic, spike in part-time employment. Part-time unemployment figures remained artificially high under 0bama's two terms in office.
Even if the U3 number remains flat, we can still see jobs switch from part-time, to full-time, and not see any change in the actual U3 unemployment figures.
I predict that we will see part-time employment decline as full-time employment increases until it aligns with the norms before 0bama took office.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
