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Old 08-03-2018, 08:42 AM
 
Location: Florida
76,971 posts, read 47,651,295 times
Reputation: 14806

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Trump said the real unemployment was around 25% and since he has reduced the rate by less than 1%, the real figure is still over 24%.

 
Old 08-03-2018, 08:45 AM
 
51,654 posts, read 25,836,151 times
Reputation: 37894
Back during the Obama administration, the news about the unemployment rate was greeted with posts about how lots of people weren't counted as they had given up, people working two jobs, people were working at low-paying jobs, there weren't enough good-paying jobs, ...

Don't hear much about that now.

Situation doesn't seem to have changed much with regard to those who can't find work, are working at two jobs, working at low-paying jobs, ...
 
Old 08-03-2018, 08:46 AM
 
1,728 posts, read 3,126,670 times
Reputation: 1472
Quote:
Originally Posted by BajanYankee View Post
You guys switch back and forth on this all the time. When the jobs numbers are above average, it's "Woohoo!" and when they are below average it's "Well, the economy is already chock full of jobs so Trump can't add much more."

If it's true that the economy is chock full of jobs and Trump can't add much more, then Obama deserves total credit for that being the case. You can't on the one hand say that Obama did nothing for the economy and then on the other say that Trump can't replicate the same job numbers as Obama because the economy is already full of jobs.
Trumpsters will never give credit to Obama for anything even as they lose their jobs to the Trump Tariff war, choke on polluted air and lose their healthcare because they have a pre-existing condition.

Seriously though, the prediction was that there would be 195K jobs but the mark was missed today with the # coming out at 157K.

This is considered more winning for Trumpsters who believe 1+1=3.
 
Old 08-03-2018, 08:47 AM
 
Location: Crooklyn, New York
32,113 posts, read 34,739,914 times
Reputation: 15093
Quote:
Originally Posted by GotHereQuickAsICould View Post
Back during the Obama administration, the news about the unemployment rate was greeted with posts about how lots of people weren't counted as they had given up, people working two jobs, people were working at low-paying jobs, there weren't enough good-paying jobs, ...

Don't hear much about that now.

Situation doesn't seem to have changed much with regard to those who can't find work, are working at two jobs, working at low-paying jobs, ...
Don't forget the Labor Force Participation Rate, which has remained virtually unchanged. That was a BIG deal to some people.

Deficits were a big deal too. So was the POTUS golfing. And a lot of other things.
 
Old 08-03-2018, 08:52 AM
 
46,302 posts, read 27,117,053 times
Reputation: 11133
Quote:
Originally Posted by BajanYankee View Post
You guys switch back and forth on this all the time. When the jobs numbers are above average, it's "Woohoo!" and when they are below average it's "Well, the economy is already chock full of jobs so Trump can't add much more."

If it's true that the economy is chock full of jobs and Trump can't add much more, then Obama deserves total credit for that being the case. You can't on the one hand say that Obama did nothing for the economy and then on the other say that Trump can't replicate the same job numbers as Obama because the economy is already full of jobs.

You are singling me out, so show me where I said anything bad when Obama did good with job growth....


And as with you, you cannot say trump is not responsible for the continued job growth...
 
Old 08-03-2018, 08:53 AM
 
51,654 posts, read 25,836,151 times
Reputation: 37894
Quote:
Originally Posted by Finn_Jarber View Post
ADP is a private company who make their own estimates based on the data they have available. The 157K is the official number.
Just checked the NYT front page on this.

Sure enough, 157,000 is the number coming from the Labor Dept.

Right underneath it was a headline about how China is threatening new tariffs on $60 billion worth of our stuff.

That can't be good.
 
Old 08-03-2018, 09:04 AM
 
Location: Crooklyn, New York
32,113 posts, read 34,739,914 times
Reputation: 15093
Quote:
Originally Posted by chucksnee View Post
You are singling me out, so show me where I said anything bad when Obama did good with job growth....
How is "you guys" singling you out? It's plural.

Quote:
Originally Posted by chucksnee View Post
And as with you, you cannot say trump is not responsible for the continued job growth...
I like what you did there. It's sort of like saying I can't say that John Salley was not responsible for the Bulls winning a championship in 1996.
 
Old 08-03-2018, 09:07 AM
 
2,003 posts, read 1,168,895 times
Reputation: 1949
Quote:
Originally Posted by BajanYankee View Post
Don't forget the Labor Force Participation Rate, which has remained virtually unchanged. That was a BIG deal to some people.

Deficits were a big deal too. So was the POTUS golfing. And a lot of other things.
Yep I remember those threads, now crickets
 
Old 08-03-2018, 11:24 AM
 
9,727 posts, read 9,732,136 times
Reputation: 6407
Quote:
Originally Posted by BajanYankee View Post
How did we get to full employment? During Obama's tenure, the UE rate hit a high of 10.0% in October 2009. By the end of his term, the UE rate hit a low of 4.6% in November 2016. During Trump's term, it has dropped to 3.9%.

So is the argument that Trump did more to get the rate down from 4.8% (his first day in office) to 3.9% than Obama did to get the down from 10.0% to 4.8%. This is like a Quarterback marching his team downfield to the 1-yard line and then handing it off to the fullback for the Touchdown. Would we give credit for the drive to Tom Brady or would we give it to the random assortment of Patriots runningbacks over the years that no one even remembers?
What are the policies that Obama enacted to get the economy to recover??? The economy did not rebound until President Trump repealed all of the Obama policies. Barack stifled the economy that would have recovered naturally back in 2009.
 
Old 08-03-2018, 11:36 AM
 
Location: Barrington
63,919 posts, read 46,758,281 times
Reputation: 20674
Quote:
Originally Posted by Finn_Jarber View Post
Not a good number, but oddly it will be celebrated as "awesome".

The 12 month average is 203,000, which is well below the average from past years.
July
2017- 209,000
2016- 255,000
2015-233,000
2014- 209,000
2013- 162,000
2012- 163,000
2011- 117,000
2010- 131,000
2009- - 247,000
2008- - 51,000

No POTUS controls the economy. If he did, there would never be a recession.
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