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Old 06-07-2019, 07:35 AM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,324 posts, read 14,041,763 times
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Quote:
Originally Posted by WilliamSmyth View Post
"nearly a million NEW jobs for a year" is less than 50% of what Our Dear Leader promised if only we implemented his economic polices. Given what the US has given up in terms of increased deficits and allowing companies to behave badly it is clearly showing the absurdity of Our Dear Leader's policies,
1. I didn't say that was actual....I say IF...IF you used that number 75k for 12 months its nearly a million NEW jobs....we have been averaging 170k


2. not only were 75k NEW JOBS CREATED, but also ...the underemployment rate fell, which means people are getting better jobs... The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) declined by 299,000 in May


3. In May, average hourly earnings for all employees on private nonfarm payrolls increased by 6 cents to $27.83. Over the year, average hourly earnings have increased by 3.1 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 7 cents to $23.38 in May




trump may have deficits...but he is not the one who controls the purse strings (spending) that is congress... and the Obama had trillion+ deficits for 5 out of 8 years, including fy16 (1.4 trillion deficit)
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Old 06-07-2019, 07:39 AM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,324 posts, read 14,041,763 times
Reputation: 6504
Quote:
Originally Posted by WilliamSmyth View Post
"nearly a million NEW jobs for a year" is less than 50% of what Our Dear Leader promised if only we implemented his economic polices. Given what the US has given up in terms of increased deficits and allowing companies to behave badly it is clearly showing the absurdity of Our Dear Leader's policies,
we haven't implemented HIS policies as of yet


even the tax cut..was NOT HIS....his reduced the brackets down to 3 brackets (plus a zero bracket)... his proposal is much different from what congress bipartisanly passed
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Old 06-07-2019, 07:51 AM
 
2,780 posts, read 881,579 times
Reputation: 4141
Quote:
Originally Posted by Scooby Snacks View Post
US added 75,000 jobs in May, a sharp decline from previous months, suggesting the economy may be slowing. Unemployment rate remained steady at 3.6% however.

http://nyt.et.e.sparkpost.com/f/a/eL...wuY29tWAQAAAAA
At the company where I work, they have drastically cut hours and some people are being laid off entirely. In Florida, things always slow down in Summer, but never to this extent. We are also seeing more and more people calling and coming in, asking if we are hiring...Ö.unfortunately, the answer is "no".

We all knew this bubble was going to burst sooner or later, it had to. A lot of the people who are coming in looking for work tell us they have been out of work for some time now. Trump supporters were the first to be jumping up and down when the economy was good, wonder if they will take the blame now that things are turning South ?
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Old 06-07-2019, 07:52 AM
 
26,638 posts, read 9,067,091 times
Reputation: 9280
Quote:
Originally Posted by Scooby Snacks View Post
US added 75,000 jobs in May, a sharp decline from previous months, suggesting the economy may be slowing. Unemployment rate remained steady at 3.6% however.

http://nyt.et.e.sparkpost.com/f/a/eL...wuY29tWAQAAAAA
That's not what is being suggested by the markets as they move higher in the green today !!!

Only the economic illiterate or those with TDS could possible suggest otherwise.
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Old 06-07-2019, 07:54 AM
 
Location: Alameda, CA
7,465 posts, read 3,959,488 times
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Quote:
Originally Posted by workingclasshero View Post
1. I didn't say that was actual....I say IF...IF you used that number 75k for 12 months its nearly a million NEW jobs....we have been averaging 170k


2. not only were 75k NEW JOBS CREATED, but also ...the underemployment rate fell, which means people are getting better jobs... The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) declined by 299,000 in May


3. In May, average hourly earnings for all employees on private nonfarm payrolls increased by 6 cents to $27.83. Over the year, average hourly earnings have increased by 3.1 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 7 cents to $23.38 in May




trump may have deficits...but he is not the one who controls the purse strings (spending) that is congress... and the Obama had trillion+ deficits for 5 out of 8 years, including fy16 (1.4 trillion deficit)
Avenging 170k would still miss the promised level of jobs gains levels. Our Dear Leader promised around 250k/month in job gains. To me that promise always seemed absurd given where the US was when Our Dear Leader made the promise.

A falling underemployment rate does not mean people are getting better jobs. I'm not saying they aren't but that statistic doesn't indicate one way or the other. The trend line for the number of people working part time for economic reasons has been trending down for some time now; if I recall correctly since 2012.

Deficits by year since 2008


https://www.usgovernmentspending.com...cit_chart.html

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
$458 $1,413 $1,294 $1,295 $1,087 $679 $485 $438 $585 $665 $779

Interesting that you appear to believe that Obama controlled the purse strings but Trump does not.
Trump pushed for the tax cuts so we could average 250k/month. Trump has pushed for huge increases in spending. The current estimates is we will be back above 1 trillion in deficits this year with no end in site. Just under 500 million a year in deficits may not be great but it is far better than 1 trillion plus.
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Old 06-07-2019, 07:58 AM
 
Location: Florida
63,035 posts, read 34,328,004 times
Reputation: 10465
Quote:
Originally Posted by workingclasshero View Post
of course it slowed..we are at nearly full employment currently.....less open/unfilled positions out there, less new jobs created
Tell that to the 95 million Americans who are not working.

Quote:
not really a bad report
Its terrible.
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Old 06-07-2019, 08:00 AM
 
7,147 posts, read 5,418,163 times
Reputation: 5332
Hang on for the wild ride America. Trump destroys anything he inherits. He inherited a robust economy from President Obama who worked for 8 years to repair the economic destruction of the GOP president before him.
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Old 06-07-2019, 08:03 AM
 
Location: Florida
63,035 posts, read 34,328,004 times
Reputation: 10465
Quote:
Originally Posted by DRob4JC View Post
If you have you head in the stats, then it's all a numbers game. If you take you head out of the stats and gauge the mood of the country
I look at the mood, and the mood is sour, and fearful. The stock market has made zero gains in 17 months, and the talk of recession is in the air. The government is is imposing massive regulations trade, which ripples through the entire economy, and taxes are going through the roof. You are a Trump loyalist, and you interact with other loyalists, so of course you think 75K is a good report, but its not.

Trump’s Tariffs Have Already Wiped Out Tax Bill Savings for Average Americans

https://www.msn.com/en-us/money/mark...ans/ar-AACwyvk

President Donald Trump’s trade wars have already wiped out all but $100 of the average American household’s windfall from Trump’s 2017 tax law. And that’s just the beginning.

That last $100 in tax-cut gains could soon completely disappear -- and then some -- because of additional tariffs Trump has announced. If the president makes good on his threats to impose levies on virtually all imports from China and Mexico, those middle-earning households could pay nearly $4,000 more

Subtract the tax cut, and the average household will effectively be paying about $3,000 more in taxes through additional levies on the products they consume.
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Old 06-07-2019, 08:08 AM
 
Location: Alameda, CA
7,465 posts, read 3,959,488 times
Reputation: 1369
Quote:
Originally Posted by workingclasshero View Post
we haven't implemented HIS policies as of yet


even the tax cut..was NOT HIS....his reduced the brackets down to 3 brackets (plus a zero bracket)... his proposal is much different from what congress bipartisanly passed
Bipartisan? No Democrats voted for the bill. Since some Republicans also didn't vote for the bill I guess you could say the opposition to the bill was bipartisan.
Our Dear Leader got a huge drop in Corporate tax rates without closing corporate tax breaks. His claim was that this would lead to a big increase in jobs. So far that has not occurred.
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Old 06-07-2019, 08:12 AM
 
Location: Barrington
45,820 posts, read 34,041,047 times
Reputation: 15303
Quote:
Originally Posted by WMak70 View Post
At the company where I work, they have drastically cut hours and some people are being laid off entirely. In Florida, things always slow down in Summer, but never to this extent. We are also seeing more and more people calling and coming in, asking if we are hiring...Ö.unfortunately, the answer is "no".

We all knew this bubble was going to burst sooner or later, it had to. A lot of the people who are coming in looking for work tell us they have been out of work for some time now. Trump supporters were the first to be jumping up and down when the economy was good, wonder if they will take the blame now that things are turning South ?
Itís never all good or all bad everywhere.

The former employees of Wood-mode cabinets were stunned when the company abruptly closed, last month. The local economy is unlikely to be able to absorb these skilled workers.
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