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#16441 Mobius

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Posted Yesterday, 09:57 AM

266k jobs created in a month - that's what right wingers tout as success in a country of about 330M?
Oh, the gullibles.

 

latest_numbers_CES0000000001_2009_2019_a

https://data.bls.gov...t_view=net_1mth

266k is well within the noise band, and there's no break with normalcy since 2011. No policy change shows up in there. If anything, 2019 looks weak.

Moreover, 266k is a preliminary data point, just as the month before. The last reliably data point is Sep 2019: 193k.

 

And then there's the fact that the lying moron's stupid and crony trade wars have hurt agriculture much, and that statistic with 266k jobs created is NONFARM only.

It's normal to exclude farm jobs because of their seasonality, but in this case it also happens to exclude an area where the lying moron's policies have had one of the worst effects.

Jobs created is a misnomer.  It is jobs filled. Jobs that pay enough to pull people off the coach getting free stuff from the government.   There are millions of jobs going begging probably because they don't pay enough, or require qualifications applicants don't have.  If they would pay something like a board member of Burisma as they did for that old lying fool's son, Hunter they all would be filled.

With a low 3.5% unemployment rate even people with criminal records can get good jobs. 


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#16442 Tim the Tank Nut

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Posted Yesterday, 10:04 AM

plus that's 266K on top of the best unemployment rate in 50 years.

More proof, if needed, that the failed algorithm is still failing.  It generates a signal to noise ratio that breaks the meter...


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#16443 lastdingo

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Posted Yesterday, 11:08 AM

Well, as mentioned before, the 266k figure is preliminary, so it's not really a thing yet. And as mentioned, it's not really an outlier compared to the late Obama years.

Finally, the Republicans are engaging in extreme fiscal stimulus with their extreme deficit spending, so a much better economy would be within the realm of the ordinary.

 

The employment rate (NOT unemployment rate - employment rate for core age group is a much better measure) has developed in a steady line since 2011, debunking each and every claim that the lying moron administration is any better on jobs than the brown guy's administration.

 

https://fred.stlouis...LREM25TTUSM156S

 

The German employment rate is 3 per cent points better, by the way. There's still plenty slack in the American economy, which makes ongoing improvement rather easy.

 

https://fred.stlouis...LREM25TTDEQ156S

 

Germany had a mere 80.2% back in 2007 for the last time.


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#16444 Tim the Tank Nut

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Posted Yesterday, 11:51 AM

except that I was here for both administrations and 5 years ago you couldn't beg, borrow, or steal a job.  Now there is a help wanted sign in every business window.


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#16445 JWB

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Posted Yesterday, 12:11 PM

Workers at the lower end of the pay scale finally are getting the most benefit from rising wages

 

 

gs%20jobs.1552490435586.JPG

 

 

https://www.cnbc.com...sing-wages.html


Edited by JWB, Yesterday, 12:12 PM.

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#16446 Tim the Tank Nut

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Posted Yesterday, 12:24 PM

my company has been able to do decent raises every year since Trump was elected.  In eight years prior we were  only able to offer raises in two years and the amounts were tiny.  This year each employee with be getting a bonus of two weeks salary for Christmas from Santa Trump.


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#16447 lastdingo

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Posted Yesterday, 02:20 PM

You're deluding yourself with correlations.

There's a vast array of economic indicators, and there are no breaks in the trend for the better since early 2017 (there are breaks for the worse, though).

 

As mentioned before, that's actually a hint at poor policies given the enormous fiscal stimulus from increased deficit spending.


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#16448 Jeff

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Posted Yesterday, 03:03 PM

For whatever reason, the site's situation is not being discussed, and I think this really needs to be resolved. Maybe we should create a separate thread for it?

 

There are some large changes in site ownership possible in the near future but staff are presently in the dark as to progress as well. Very frustrating.


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#16449 JWB

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Posted Yesterday, 04:15 PM

Why Wages Are Finally Rising, 10 Years After the Recession

 

 

 

The recent gains are going to those who need it most. Over the past year, low-wage workers have experienced the fastest pay increases, a shift from earlier in the recovery, when wage growth was concentrated at the top.  The faster growth at the bottom is probably being fueled in part by recent minimum-wage increases in cities and states across the country. Research from the Economic Policy Institute, a liberal-leaning think tank, found that over the past five years, wages for low-wage workers rose 13 percent in states that raised their minimum wages, compared with 8.4 percent in states that did not.  But minimum wages are only part of the story. Ernie Tedeschi, an economist at Evercore ISI, estimates that the minimum-wage increases account for a quarter to a third of low-wage workers’ gains over the past three years. The rest is most likely a result of a tightening labor market that is forcing employers to raise pay even for workers at the bottom of the earnings ladder.

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#16450 Rick

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Posted Yesterday, 04:38 PM

except that I was here for both administrations and 5 years ago you couldn't beg, borrow, or steal a job.  Now there is a help wanted sign in every business window.

+1 in my neck of the woods!


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#16451 Jeff

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Posted Today, 10:47 AM

Something that's been bothering me, is that when the House Intelligence Committee denied the administration legal presence during their hearings, they denied the presidency its constitutional right to invoke Executive Privilege. One can debate whether any particular invocation of EP would be proper but that's for the Judiciary to decide, not the Legislative branch. That's a HUGE blow to separation of powers. The Legislative branch denied the Executive its right to invoke its rights and the right of the Judiciary to decide if it's correct.


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#16452 Stuart Galbraith

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Posted Today, 10:55 AM

 

For whatever reason, the site's situation is not being discussed, and I think this really needs to be resolved. Maybe we should create a separate thread for it?

 

There are some large changes in site ownership possible in the near future but staff are presently in the dark as to progress as well. Very frustrating.

 

 

 

Thanks for that Jeff.


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