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.
When the economy rebounds after a recession and the unemployment rate is 10.8%, huge numbers should be expected.
The workforce grew under Reagan by 17.6%, and it grew 19.6% under Clinton, but it only grew by 12.8% under Obama.
All three presidents had recessions early in their first term and went on to a second term, so it is an apples to apples comparison.
Average job growth during the Clinton years was 224k.
That same job growth number was just 180k during the Obama years, but keep in mind that the population wasn't as great in the 1990s, so those 224k jobs went further, ditto for Reagan in the 1980s.
So now Trump has a month with 300k + in new jobs...well, that's the best news we've had in a long time.
If the 300k per month continues that would be very good news for workers. Its unlikely it will. Plus 300k months did occur twice 2015 and once in 2016.
The economy added 313,000 jobs in February, crushing expectations, while the unemployment rate was 4.1 percent, according to a Labor Department report Friday that could help quell inflation fears
So, then - Can you explain why "tax cuts" were needed to stimulate job growth, if unemployment is, in the words of Trump, "...at a 17-year historic low"?
Sounds like he officially blew the cover for the GOP Giveaway to the super rich. Not like it's a surprise, or anything...
The recent low of 62.3% (August 2015) is Obama's alone.
The current 63.0% is still bad, but it should continue rising as the quality of new jobs increases and attracts more sidelined workers.
The BLS tracks the number of people out of the workforce who want a job but are not looking. It would seem to me they would be the pool of workers who could most likely be attracted into the work force. The number in the latest report who fall into the category was 5.1 million. For reference when the LFPR was at its highest (67.3%) in March 2000 there were 4.6 million in that category. If you move 1 million of those in that category to in the workforce you get to a LFPR of 63.4%.
Bottom line its unlikely we will see previous levels of LFPR no matter how good the economy is. Its much more likely we will see 62.0% then we will see 64.0%. Based mostly on demographic changes the BLS projected 10 years ago that the LFPR would be 64.5% in 2018
I am delighted , unlike the 44th POTUS, it is headed up under our 45th.
The LFPR has been in the same range since Oct 2013. So far nothing has changed under Our Dear Leader's administration. Keeping steady is a good thing because the demographic pressures should be driving it down.
So, then - Can you explain why "tax cuts" were needed to stimulate job growth, if unemployment is, in the words of Trump, "...at a 17-year historic low"?
Sounds like he officially blew the cover for the GOP Giveaway to the super rich. Not like it's a surprise, or anything...
A lot of the administration's projections are based on adding those additional workers which frankly aren't out there. Its how you get to the increased GDP numbers and additional tax revenue to offset the loss of revenue from the tax cuts.
Status:
"everybody getting reported now.."
(set 17 days ago)
Location: Pine Grove,AL
29,548 posts, read 16,528,077 times
Reputation: 6030
Quote:
Originally Posted by momonkey
When the economy rebounds after a recession and the unemployment rate is 10.8%, huge numbers should be expected.
The workforce grew under Reagan by 17.6%, and it grew 19.6% under Clinton, but it only grew by 12.8% under Obama.
All three presidents had recessions early in their first term and went on to a second term, so it is an apples to apples comparison.
Average job growth during the Clinton years was 224k.
That same job growth number was just 180k during the Obama years, but keep in mind that the population wasn't as great in the 1990s, so those 224k jobs went further, ditto for Reagan in the 1980s.
So now Trump has a month with 300k + in new jobs...well, that's the best news we've had in a long time.
The recessions were not equal, So no, it isnt apples to apples.
2009 saw-4.2 million
Clinton only had 3 negative months total that equaled 128,000
Reagan's total was -2.5 million, but I believe his numbers are so high because of a strike, because in one month in 1983 , we added 1.115 million jobs.
The LFPR has been in the same range since Oct 2013. So far nothing has changed under Our Dear Leader's administration. Keeping steady is a good thing because the demographic pressures should be driving it down.
This month's 63.0% is above Obama's best month ever.
A lot of the administration's projections are based on adding those additional workers which frankly aren't out there. Its how you get to the increased GDP numbers and additional tax revenue to offset the loss of revenue from the tax cuts.
No business ever created any job without at least an anticipated demand for their goods or services, and they will hire to meet those demands without having to resort to any sort of "stimulation" to make it attractive for them to do what businesses do. I was a manager in Corporate America for over 30 years, and a multiple business owner. I know how this game is played.
The tax cuts were nothing but a wealth redistribution from the poor and middle classes to the super rich. Kind of a Reverse Robin Hood deal. Americans have been robbed by the republicans, and the treasury is being drained. This is the biggest heist in history.
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.
