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Old 08-03-2018, 07:28 AM
 
Location: In your head, rent free
14,888 posts, read 10,033,991 times
Reputation: 7693

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Quote:
Originally Posted by Finn_Jarber View Post
Tell that to the 92 million Americans who are not working.
How do we do that, by sending messages to retirement homes, day cares and schools?

 
Old 08-03-2018, 07:29 AM
 
46,276 posts, read 27,093,964 times
Reputation: 11126
Quote:
Originally Posted by Finn_Jarber View Post
Tell that to the 92 million Americans who are not working.


So, what do you want us to do, hold there hands and say, go get a job?


I have to remind my 17 years old son (who started his first job last week), those companies out there hiring, don't know you're looking for a job, unless you are out there letting them know....


You're flailing on this one finny....


Maybe you're working with Alexandria Ocasio-Cortez, and 200,000,000 people are making less than $20k yearly......
 
Old 08-03-2018, 07:52 AM
 
46,276 posts, read 27,093,964 times
Reputation: 11126
Wonder why the OP did not add this this little piece of information:


Quote:
and the unemployment rate edged down to 3.9 percent

and


Quote:
The number of unemployed persons declined by 284,000 to 6.3 million in July.


https://www.bls.gov/news.release/empsit.nr0.htm
 
Old 08-03-2018, 08:14 AM
 
51,651 posts, read 25,813,568 times
Reputation: 37889
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.
Thanks for clearing this up.
 
Old 08-03-2018, 08:15 AM
 
51,651 posts, read 25,813,568 times
Reputation: 37889
Not only is job growth slowing down, but wage growth not going all that well either.

https://twitter.com/business/status/1021480288369733633
 
Old 08-03-2018, 08:25 AM
 
22,923 posts, read 15,487,222 times
Reputation: 16962
Some of you will believe what you want to believe regardless of facts and the rest will dig deeper:

https://qz.com/1270561/theres-someth...nt-telling-us/

Making the automatic correlation of a lower unemployment rate equating to more hiring is incorrect. Those giving up on job seeking and/or retiring contribute to lowering the unemployment rate. Hello...how many boomers do you think are pulling the pin today? A few, or a LOT?


https://www.mercatus.org/publication...ess-number-u5b


https://www.businessinsider.com/us-j...tory-of-2018-5
 
Old 08-03-2018, 08:29 AM
 
Location: NC
5,129 posts, read 2,596,756 times
Reputation: 2398
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.
the negative Nancy shows up to spin good news as bad as usual.

are you going to lose your mind when its 140k next month? The fact that we can still add jobs to the economy when we are already at full employment is great!
 
Old 08-03-2018, 08:34 AM
 
Location: Florida
76,975 posts, read 47,621,806 times
Reputation: 14806
Quote:
Originally Posted by tripleh View Post
are you going to lose your mind when its 140k next month? The fact that we can still add jobs to the economy when we are already at full employment is great!
There is plenty of room given the amount of Americans who are not working.
 
Old 08-03-2018, 08:35 AM
 
Location: Crooklyn, New York
32,097 posts, read 34,714,145 times
Reputation: 15093
Quote:
Originally Posted by chucksnee View Post
You're missing the point....when things are already full....how can you continue to add at a pace equal to or faster than you got to the full point?
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.
 
Old 08-03-2018, 08:42 AM
 
Location: Crooklyn, New York
32,097 posts, read 34,714,145 times
Reputation: 15093
Quote:
Originally Posted by tripleh View Post
the negative Nancy shows up to spin good news as bad as usual.

are you going to lose your mind when its 140k next month? The fact that we can still add jobs to the economy when we are already at full employment is great!
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?
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