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Old 09-08-2019, 03:37 PM
 
Location: Ohio
20,350 posts, read 14,471,005 times
Reputation: 16529

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Quote:
Originally Posted by Mircea View Post
Job losses always occur in August.

Only a moron doesn't know that.

Labor Force Statistics from the Current Population Survey
Original Data Value

Series Id: LNU02000000
Not Seasonally Adjusted
Series title: (Unadj) Employment Level
Labor force status: Employed
Type of data: Number in thousands
Age: 16 years and over
Years: 1990 to 2019

Year Jul Aug
1990 120882 120096 -786
1991 119666 118758 -908
1992 120744 120070 -674
1993 122352 122018 -334
1994 124503 124493 -10
1995 126548 125926 -622
1996 128579 128143 -436
1997 131350 130865 -485
1998 132769 132206 -563
1999 134800 134264 -536
2000 137769 137308 -461
2001 138239 136809 -1430
2002 137495 137295 -200
2003 138503 138137 -366
2004 140700 140226 -474
2005 143283 143142 -141
2006 145606 145379 -227
2007 147315 146406 -909
2008 146867 145909 -958
2009 141055 140074 -981
2010 140134 139919 -215
2011 140384 140335 -49
2012 143126 142558 -568
2013 145113 144509 -604
2014 147265 146647 -618
2015 149722 149228 -494
2016 152437 151804 -633
2017 154470 153576 -894
2018 157004 155539 -1465
2019 158385 157816 -569


So....which President had job gains in August?

Um, that's a trick question, because none did.
Quote:
Originally Posted by hooligan View Post
Straw man. Only a moron makes those types of arguments.
I'm guessing you don't understand the definition of Straw Man:

An intentionally misrepresented proposition that is set up because it is easier to defeat than an opponent's real argument.

There's no misrepresentation here. You said:

Quote:
Originally Posted by hooligan View Post
August jobs report fails to meet projections.
What projections?

Anyone who is literate in Economics knows jobs are always lost in August.

Why would any reasonable knowledgeable sane person expect jobs to increase in August?

Intelligent people know jobs are always lost in August and the historical data proves that beyond any reasonable doubt.

Anyone who would even suggest that jobs should increase in August has no understanding of Economics or the how the US economy operates.

If you got suckered by some talking head in the Media into believing the number of jobs in August should have increased and suffered global embarrassment because of it, then perhaps you might want to actually study Economics so you're no longer embarrassed.
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Old 09-08-2019, 05:36 PM
 
Location: Long Island
34,006 posts, read 14,306,042 times
Reputation: 7299
Quote:
Originally Posted by James Bond 007 View Post
The number of employed has been setting a new record almost every month since around September 2014:
https://fred.stlouisfed.org/series/CE16OV

If this is what the Trumplings are boasting about, they must be hard pressed to find something to boast about.
Sure they need to take credit for things like record tax receipts in 2018, sounds desperate. They won’t start a thread on record deficits.
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Old 09-08-2019, 05:52 PM
 
Location: Unperson Everyman Land
30,837 posts, read 20,352,901 times
Reputation: 8564
Quote:
Originally Posted by James Bond 007 View Post
The number of employed has been setting a new record almost every month since around September 2014:
https://fred.stlouisfed.org/series/CE16OV

If this is what the Trumplings are boasting about, they must be hard pressed to find something to boast about.


UE rate was 5.9% in September 2014.

Apples and Eskimos!
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Old 09-08-2019, 05:58 PM
 
Location: Kansas City, MISSOURI
9,610 posts, read 2,922,889 times
Reputation: 7355
Quote:
Originally Posted by momonkey View Post
UE rate was 5.9% in September 2014.
So what? That's got nothing to do with what I said.
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Old 09-08-2019, 06:05 PM
 
Location: Unperson Everyman Land
30,837 posts, read 20,352,901 times
Reputation: 8564
Quote:
Originally Posted by jbcmh81 View Post
People working is always better than not, but if 100% of people worked at McDonald's, would that be something to celebrate? High employment is not the same as good employment with good pay. Personal debt is high, wages in many cases are stagnant or increasing slowly, people are paying more for basic goods, farmers are hurting, etc. And it also doesn't negate that there are increasing signs of an upcoming economic downturn.

For all income groups, wages are increasing faster than inflation.

The lowest earners are seeing the fastest wage growth.


https://www.cnbc.com/2018/10/31/wage...-a-decade.html
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Old 09-09-2019, 06:57 AM
 
Location: Austin
29,705 posts, read 16,701,352 times
Reputation: 8170
Quote:
Originally Posted by NorCal77 View Post
The thing that really chaps me is unemployment numbers only count those who are "collecting" unemployment.
Not true at all. Do a little research.

The official unemployment rate is known as U-3. It defines unemployed people as those who are willing and available to work, and who have actively sought work within the past four weeks. Those with temporary, part-time, or full-time jobs are considered employed, as are those who perform at least 15 hours of unpaid family work.
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Old 09-09-2019, 07:42 AM
 
Location: Buckeye, AZ
27,768 posts, read 16,082,437 times
Reputation: 9981
Quote:
Originally Posted by momonkey View Post
For all income groups, wages are increasing faster than inflation.

The lowest earners are seeing the fastest wage growth.


https://www.cnbc.com/2018/10/31/wage...-a-decade.html
It isn't really translating that much though. I don't see it partially due to rental prices.
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Old 09-09-2019, 09:22 AM
Status: "Time for 25" (set 23 days ago)
 
Location: Cone of Uncertainty
7,740 posts, read 4,611,629 times
Reputation: 9196
Unemployment rate only dropped because more people are out of labor force & have stopped looking for work. Not a real recovery, phony numbers.
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Old 09-09-2019, 11:03 AM
 
Location: North Carolina
3,605 posts, read 2,411,149 times
Reputation: 4706
Quote:
Originally Posted by Joe the Photog View Post
Unemployment rate only dropped because more people are out of labor force & have stopped looking for work. Not a real recovery, phony numbers.

Show the numbers to all the real unemployed people. Out of benefits or cant collect. Tell them see, they think you are working.
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Old 09-09-2019, 11:06 AM
 
Location: NE Mississippi
14,110 posts, read 8,826,906 times
Reputation: 20518
Quote:
Originally Posted by ottomobeale View Post
Gah. STOP IT!
I loathe the orange narcissist in the white house.
I more loathe the idiots cheering for an economic downturn more. Untold suffering of a portion the lower 90% of the population who stand to lose their employment... and possibly everything they own.
You get one vote.
Loathing doesn't count except to keep you awake at night.
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