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Old Today, 08:22 AM
 
Location: Florida
63,363 posts, read 34,526,799 times
Reputation: 10563

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Quote:
Originally Posted by tipsyguam View Post
I respect your right to have an opinion on the matter, however I do not respect the very poor logic to get to that opinion.

There are plenty of opportunities out there for those that dont have a job to train yourself with some in-demand skills then to go get the job.
Facts are facts, whether you like them or not. LFPR is in the toilet, and this economy is not making it better. During the 1990s when unemployment was 4%, we were hiring 300-400K people a month, even though the population size was significantly lower.

Quote:
There are more people employed today than there was ever under the Clinton admin.
I would hope so. There are 80 million more people living in US, so even if unemployment was sky-high the number of people working would still be higher.
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Old Today, 08:23 AM
 
Location: Plymouth Meeting, PA.
4,027 posts, read 2,071,368 times
Reputation: 1929
population was growing under Obama and yet we had high unemployment. What were the job growth numbers under Obama? Obama set the record for the most people on welfare under his administration.









Quote:
Originally Posted by LordBalfor View Post
And - as you RWNJ types repeated over and over and over again during the Obama years - the Labor Force Participation Rate is STILL down near record lows (almost exactly where Obama left it). More Americans are not working than ever before.
Those types of things happen as the population grows.


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

Ken
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Old Today, 08:31 AM
 
Location: SE Arizona - FINALLY! :D
19,881 posts, read 22,840,648 times
Reputation: 7193
Quote:
Originally Posted by FKD19124 View Post
population was growing under Obama and yet we had high unemployment. What were the job growth numbers under Obama? Obama set the record for the most people on welfare under his administration.
When Obama left office the UE rate was 4.7%. Anything below 5% has historically been consider "full employment" - and his monthly job creation rate average for his last term is greater than Trumps average monthly job creation rate.

National Employment Monthly Update

Ken
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Old Today, 08:34 AM
 
Location: Kansas City, MISSOURI
9,010 posts, read 2,772,618 times
Reputation: 6968
Quote:
Originally Posted by FKD19124 View Post
Tell us how many jobs that Obama created each month under his 8 years? Remember Obama was the president that said, "this is the new norm".
The data going back to 2009 is here:
https://data.bls.gov/timeseries/CES0..._view=net_1mth
If you download the spreadsheet and do averages for each year, the peak year was 2015 at 227.4K average jobs added per month. Trump was not president then, Obama was.

Last year was 2nd at 223.3 jobs added per month, but there are reasons to believe that will be revised down, perhaps substantially.
Quote:
The latest QCEW data are available through 2018, but note how much worse the 2018 QCEW data look than the Establishment Survey data, even though the two appear fairly similar in previous years, for which the latter has already undergone the requisite revisions. The Establishment Survey’s nonfarm jobs figures will clearly be revised down as the QCEW data show job growth averaging only 177,000 a month in 2018. That means the Establishment Survey may be overstating the real numbers by more than 25%.
We will get our first glimpse of those revisions later this month.
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Old Today, 08:36 AM
 
15,635 posts, read 4,145,106 times
Reputation: 11237
Yep, those $12 an hour jobs are booming.....but, for some reason, car sales...boat sales...housing starts....manufacturing indicators....and most everything else is stable or down!

I wonder why??? The DOW is now up only 4.5% per year since Tax Reform and tariff chaos (start of 2018)

I've been out to a number of car dealers lately and not only aren't they selling vehicles (with the exception of a few...Lexus, etc.), but they aren't even trying. I've never seen some complacency in my entire life....the only thing I can assume (and every indicator points to it) is that only the lowest of the low are going to work at car dealerships. Yesterday my sales guy told me about the cars he owned.....18 years old of another brand. I'll bet he won't be working there next month.

The "rich people" sectors are doing very well. If you are remodeling a mansion in Newport RI you can charge $100 an hour for a carpenter easily. But head 15 miles away to the real world where normal people live and things aren't so rosy.

Definitely a tale of two economies, IMHO....and one of them in much smaller in population then the other.
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Old Today, 08:45 AM
 
Location: North Texas
24,037 posts, read 32,952,965 times
Reputation: 27563
Quote:
Originally Posted by 16 Acres View Post
There you go. All is needed is a little time and patience. Jobs and wages rising the natural way.

https://www.cnbc.com/2019/08/02/us-j...july-2019.html
Not when the overwhelming majority of job growth is going to immigrants.
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Old Today, 09:00 AM
 
Location: Rutherfordton,NC
14,757 posts, read 9,177,127 times
Reputation: 9849
Been with the same company for five years now on one of my jobs. Still making the same pay of course Trump supporters will say Iím lying and how their making millions since he took office.
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Old Today, 09:16 AM
 
23,443 posts, read 12,413,103 times
Reputation: 7447
Quote:
Originally Posted by 16 Acres View Post
There you go. All is needed is a little time and patience. Jobs and wages rising the natural way.

https://www.cnbc.com/2019/08/02/us-j...july-2019.html
107 months of job growth. Thanks Obama and Trump......
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Old Today, 09:17 AM
 
23,443 posts, read 12,413,103 times
Reputation: 7447
Quote:
Originally Posted by BigDGeek View Post
Not when the overwhelming majority of job growth is going to immigrants.
Oh you have some stats to back that up -- or just some feelings.
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Old Today, 09:18 AM
 
23,443 posts, read 12,413,103 times
Reputation: 7447
Stock indexes -- no change after this good news.

Wonder why?
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