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Yep, totally a bogus thread, Trump haters are desperate for anything that might look bad but it's actually goingthe other way.
There's a shortage of workers now, unemployment is at historic low levels and wages are rising.
We were headed towards a shortage of workers, historic low unemployment and rising wages all before the Trump administration took office. So far Trump hasn't changed the trend. A trade war certainly has the capability of changing the trend and not towards the good.
Back to the OP. At 8:30 this morning UE numbers came out at 231,000. With increases in prior months numbers.
Lets see what the Trump puppet says.
What numbers are you referring to? The BLS report comes out tomorrow (Friday). Are you talking about the initial jobless claims? Which is where the new layoffs would start to show up.
What numbers are you referring to? The BLS report comes out tomorrow (Friday). Are you talking about the initial jobless claims? Which is where the new layoffs would start to show up.
231K is the jobless claims I believe that came out today.
"Reuters had polled economists on how many they expected to be unemployed, and the number that came back was 225,000. However, after revising its number on unemployment to 228,000 for June 17-23, the extra 3,000 topped those estimates by 6,000 claims. Several thousand more unemployment claims could come in July as annual auto-plant shutdowns take place. Meanwhile, June jobs reports showed private employers adding 177,000 to their payrolls. This number was also considerably lower than estimated (190,000), Reuters reported. Overall, unemployment rates remained at their lowest since 2,000, with about 6 million people out of work. Investors on Wall Street barely reacted to the news."
Trump has NO understanding of economics or trade policies. His blanket, inane, ignorant actions are starting to cost real jobs, and cause real harm. He just doesn't get it.
Donald Trump isn't an intellectual, what do you expect?
We were headed towards a shortage of workers, historic low unemployment and rising wages all before the Trump administration took office. So far Trump hasn't changed the trend. A trade war certainly has the capability of changing the trend and not towards the good.
Nothing happens overnight in an economy as large as ours but the posturing and lack of real insight into what helps vs hurts is starting to take effect...
Donald Trump isn't an intellectual, what do you expect?
Trump is worse than that--
He is anti-education
He has no capacity to spend time to actually take in information that is complex and required some long-term though
I really think he was ADD/dyslexic (note all the spelling errors in his texts), note the difficult he had as a young person in school -- which if why he went to military school in first place, note the references to the facts he can only tolerate briefings in very short bursts w/more graphics than texts---
He wants sound bites which is why news on tv is his preferred way to get info--verbally and already condensed into talking points...
He is a walking ad for "Cliff's Notes"
But the true problem is that he only hears people who tell him what he already knows--
He wants nothing to contradict his ingrained inaccurate views
He has people in his WH who pander to him and are just as stupid as he is
Look at his pick for Sec of Treasury-- Mnuchin --- that pretty much says it all as to the quality he goes for
I hope that doesn't happen but it probably will. Mark my words. By 2020, the DOW will be under 12,000, GDP will be contracting, and nationwide unemployment will be back up around 10%. It will be like 2008-10 all over again. Sad thing is that it could have been avoided. We all are going to have to suffer.
Unfortunately the reason people like Trump has nothing to do with economics. It's that they are afraid of a non-white, post-Christian America.
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