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Old 08-02-2019, 12:08 PM
 
808 posts, read 495,910 times
Reputation: 764

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Quote:
Originally Posted by Enigma777 View Post
And if a recession hits, will Trump and the cult also claim credit for that? Or will Trump blame others and make excuses about it?

I'll bet he already has the blame game in place.
They'll blame the democratic house... Its laughable
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Old 08-02-2019, 12:27 PM
 
Location: Florida/Tennessee
2,634 posts, read 4,354,475 times
Reputation: 1454
-- 94.6 million people above the age of 16 were out of the workforce.

Of those:

-- 44.5 million were retired.

-- 14.5 million were in school or job training.

-- 12.8 million were taking care of a loved one.

-- 15.3 million weren't working because of an illness or disability.

In all, of the 94.6 million not working, 87.1 million were retired, in school, taking care of a loved one or physically unable to work.

That leaves 7.5 million people.
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Old 08-02-2019, 12:30 PM
 
Location: 20 years from now
5,568 posts, read 5,743,003 times
Reputation: 3513
Quote:
Originally Posted by jbtornado View Post
They'll blame the democratic house... Its laughable
Just like Dems will credit the economy to Obama, but blame Trump if it crashes?
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Old 08-02-2019, 12:32 PM
 
Location: Florida/Tennessee
2,634 posts, read 4,354,475 times
Reputation: 1454
Quote:
Originally Posted by Finn_Jarber View Post
Its a terrible number no matter how you spin it. Tens of millions of Americans dont have a job and you celebrate such poor numbers. When Clinton was president we were adding 300-400K jobs per month during 'full employment' and while US population was 80 million smaller than now.
Show us... the tens of millions.
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Old 08-02-2019, 12:36 PM
 
Location: NE Ohio
30,425 posts, read 16,726,482 times
Reputation: 8931
Quote:
Originally Posted by Finn_Jarber View Post
No, it is not. There are tens of millions of Americans out of jobs. Labor Force Participation Rate is still very bad.

We had 4% unemployment under Clinton, and kept adding 300-400K jobs per month.
What universe are you living in? This is the best economy in our history. The lowest unemployment in decades.

The Obama years are over. We're prosperous again.
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Old 08-02-2019, 12:47 PM
 
23,509 posts, read 12,430,397 times
Reputation: 7464
Quote:
Originally Posted by nononsenseguy View Post
What universe are you living in? This is the best economy in our history. The lowest unemployment in decades.

The Obama years are over. We're prosperous again.
Obama is the foundation for that economy.

This is the longest economic recovery ever -- 10 years -- Trump has been in for 25% of that time.

And let's be clear -- if a Democrat is chosen for President next year -- if things continue as is - -he (or she?) will be fortunate to inherit a good economy.

Obama inherited a horrible economy.

Just saying.

Last edited by moneill; 08-02-2019 at 01:15 PM..
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Old 08-02-2019, 12:47 PM
 
Location: Florida/Tennessee
2,634 posts, read 4,354,475 times
Reputation: 1454
Crickets... from the end of the world dems.

Hey it's ok, y'all have become really good at ignoring facts. We understand, really.
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Old 08-02-2019, 12:58 PM
 
Location: Ohio
20,073 posts, read 14,318,068 times
Reputation: 16229
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.
Actually, the number of jobs was 557,000 according to the CPS and 130,000 according to the CES.

Quote:
Originally Posted by James Bond 007 View Post
Look at the chart in your link and notice the decelerating trend. 2 of 7 months so far this year have been under 100K.
That's a patently false statement.

CPS (Current Population Survey) Job Growth:

Feb +1,203,000 jobs
Mar +274,000 jobs
Apr +269,000 jobs
May +442,000 jobs
Jun +676,000 jobs
Jul +557,000 jobs

CES (Current Employment Survey) Job Growth:

Feb +438,000 jobs
Mar +624,000 jobs
Apr +1,013,000 jobs
May +764,000 jobs
Jun +1,025,000 jobs
Jul +130,000 jobs

It's always fun debunking propaganda.

Quote:
Originally Posted by Finn_Jarber View Post
164K jobs is a good number to you?

It's a pathetic number.
It wasn't a pathetic number when it was Obama's turn.

Quote:
Originally Posted by Finn_Jarber View Post
In the meanwhile, the DOW is more or less where is was 20 months ago. No gains.
So?

There's no relationship between the stock market and the economy.

Only 3% of US companies are publicly-traded corporations. The other 97% of US companies are S-Corps, limited liability companies, limited liability partnerships, limited partnerships or general partnerships.

During numerous recessions, the stock market not only failed to decline, it actually increased and set daily and week record highs.

During the 1952-1953 Recession the stock market doubled in value.

Quote:
Originally Posted by Finn_Jarber View Post
No, it is not. There are tens of millions of Americans out of jobs.
Another patently false statement.

The number of unemployed is 6,556,000 which is not "tens of millions."

Quote:
Originally Posted by PCALMike View Post
Wage growth for the typical working stiff is still very low and would be even lower if the minimum wage hikes hadnt taken place.
Another patently false statement.

Quote:
Originally Posted by Finn_Jarber View Post
Facts are facts, whether you like them or not. LFPR is in the toilet, and this economy is not making it better.
The facts that you ignore and are totally ignorant about?

During the 1990s, Economists like Gregory Mankiw and others predicted the low Labor Labor Force Participation Rate due to shifting demographics and wrote numerous papers about it, everything from the effects on the housing market to the effects on the stock market to the effects on Social Security and Medicare to the effects on labor.

During the 1990s, the Bureau of Labor Statistics published annual reports correctly predicting the low Labor Force Participation Rate due to shifting demographics.

Each year, the 10-year and 25-year labor forecasts by BLS were published and they were right on the money about the LFPR.

If there's a reason why my 84-year old father should be forced back into work, please elaborate.

Quote:
Originally Posted by rjshae View Post
The civilian labor total is significantly below where it was just before 2000.
Great, another who is totally uninformed and never read a single paper published by economists or the BLS predicting the lower LFPR.

The number of people age 65+ has nearly doubled since 1995.

Is your plan to drive around in a tractor-trailer, round up the elderly and force them to work at gun-point?

Why? So you can feel all warm and good about the Labor Force Participation Rate?
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Old 08-02-2019, 01:20 PM
Status: "Proud American, Always and Forever" (set 6 hours ago)
 
Location: DMV Area
11,941 posts, read 6,386,070 times
Reputation: 11726
Quote:
Originally Posted by Finn_Jarber View Post
No, it is not. There are tens of millions of Americans out of jobs. Labor Force Participation Rate is still very bad.

We had 4% unemployment under Clinton, and kept adding 300-400K jobs per month.
The labor participation rate isn't as high as it was in, say, the year 2000, when it was an all time high of ~67%, but it is trending upward (highest since March of this year) at over 63% and has generally been trending upward since DJT was elected. Only a partisan hack would look at this jobs report and find nothing positive about it.
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Old 08-02-2019, 01:53 PM
 
Location: Kansas City, MISSOURI
9,047 posts, read 2,779,246 times
Reputation: 6986
As usual, Mircea has to mislead by citing unadjusted numbers when everyone else is talking about the seasonally adjusted numbers.

And he/she always seems to forget to include January, when his/her unadjusted numbers ALWAYS take a big hit.

But since he/she likes to cite such things, here they are, from the BLS:

Employed and unemployed persons by occupation, not seasonally adjusted
# employed July 2018: 157,004,000
# employed July 2019: 158,385,000
-----------------------------------------
A paltry gain of 115K per month, on average

Employees on nonfarm payrolls by industry sector and selected industry detail
Using the unadjusted numbers ...

# on payrolls July 2018: 148,948,000
# on payrolls July 2019: 151,183,000
------------------------------------------
A gain of a fairly mediocre 186,250 per month, on average

But as I pointed out in a link earlier, the establishment survey tends to be revised closer to the household survey, so the establishment survey is likely to be revised down.
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