patrick.net

Nonsense.

I have a job. I'm happy. So if a new job was created I wouldn't need it. Maybe someone else would, but at some point if most people are happily employed, new jobs stop being created because there's no one to fill them.

Not saying we're at full employment by any stretch. We'll see if wages start to increase, looks like they might be. If that's the case, then pointing to new jobs as a indicator for a good economy might not make the most senses. If wages are increasing, higher than inflation and unemployment stays the same, I'd say that's a pretty good economy.

Rising wages, and not in lockstep with inflation, is probably more important at this point. X number of part time jobs created does not equal the same thing as X number of full time jobs created. New jobs is just one piece to the puzzle. Let's not take too much from it.

Forgot to add this. I don't trust any politician. So don't take my previous comment as an endorsement of ANY of them. The market has ups and downs, and of course politicians have some influence over it. For the most part though, it's pretty minimal. And my hatred for them all is unwavering.

SUCK MY DICK AMERICA!!

Strategist says

Nonsense.

Care to elaborate on what is nonsense?

WookieMan says

Rising wages, and not in lockstep with inflation, is probably more important at this point. X number of part time jobs created does not equal the same thing as X number of full time jobs created. New jobs is just one piece to the puzzle. Let's not take too much from it.

Wages rise when companies are forced to raise them to find good workers. That doesn't happen until there is no longer a surplus of workers. It's simple supply and demand.

anon_8f378 says

Wages rise when companies are forced to raise them to find good workers. That doesn't happen until there is no longer a surplus of workers. It's simple supply and demand.

Exactly. If there's 800k job openings and no one is filling them, but wages are rising, what's the problem? Means we need more people and the economy is good.

I'm not saying that's the current environment. I'm just pointing out that focusing on the number of new jobs is just one indicator. It could be an indicator of a good economy sometimes and it might mean nothing.

Anyone attributing success to one administration or another is making a mistake as well in my opinion. Even with policies enacted by the elected, the economy is not linear. We have ups and downs and sometimes it has nothing to do with those running the government. Which is just one part of our economy. That's what I was getting at.

anon_8f378 says

Strategist says

Nonsense.

Care to elaborate on what is nonsense?

Unemployment at 4.1% has not been this low for many years, and we are being asked where all the jobs are? Hello? The jobs have been filled, which is why unemployment is so low.

I'm just glad we're back to going out for drinks with friends and not have to pick up the tabl.

WookieMan says

I'm not saying that's the current environment. I'm just pointing out that focusing on the number of new jobs is just one indicator. It could be an indicator of a good economy sometimes and it might mean nothing.

I'd say it's almost always a good thing. I can't think of any time when it would be a bad thing actually.

Strategist says

Unemployment at 4.1% has not been this low for many years, and we are being asked where all the jobs are? Hello? The jobs have been filled, which is why unemployment is so low.

You obviously didn't read the article. We're asking where the specific jobs that Trump touted are.

Clearly the economy has added jobs under Trump, just many fewer than were added under Obama's 2nd term and not the ones he's claiming to have "saved" or created.

So there's more than one anon_8f378?

anon_8f378 says

You obviously didn't read the article. We're asking

BlueSardine says

So there's more than one anon_8f378?

Not sure. But the we in this case referred to myself and the article's authors.

anon_8f378 says

You obviously didn't read the article. We're asking where the specific jobs that Trump touted are.

Clearly the economy has added jobs under Trump, just many fewer than were added under Obama's 2nd term and not the ones he's claiming to have "saved" or created.

The difference is, all the additional jobs created by Obama were part time waiter and bartender jobs, so many people had to take multiple jobs. The total number of jobs created doesn't tell that picture, which is why you need to dig deeper.

Now with Trump, people are getting FULL time jobs, and don't need a second part time job. Total number of jobs created will drop.

Consumer spending set records last month. That doesn't happen unless people are working, the 4.1% UE rate tells the tale.

anon_034aa says

That doesn't happen unless people are working, the 4.1% UE rate tells the tale.

I think the birthrate is a better indicator. Happy people fuck. People are generally happier when they have a job and so they fuck and intentionally or unintentionally make babies. I'd like to see that chart with birthrate and unemployment layered to see if there's a correlation.

anon_034aa says

anon_8f378 says

You obviously didn't read the article. We're asking where the specific jobs that Trump touted are.

Clearly the economy has added jobs under Trump, just many fewer than were added under Obama's 2nd term and not the ones he's claiming to have "saved" or created.

The difference is, all the additional jobs created by Obama were part time waiter and bartender jobs, so many people had to take multiple jobs. The total number of jobs created doesn't tell that picture, which is why you need to dig deeper.

Now with Trump, people are getting FULL time jobs, and don't need a second part time job. Total number of jobs created will drop.

Consumer spending set records last month. That doesn't happen unless people are working, the 4.1% UE rate tells the tale.

When you’re riding your predecessors coattails on a growing economy with improving metrics, and then you trash the dollar like a mofo, all the numbers look good.

anon_034aa says

The difference is, all the additional jobs created by Obama were part time waiter and bartender jobs, so many people had to take multiple jobs. The total number of jobs created doesn't tell that picture, which is why you need to dig deeper.

Now with Trump, people are getting FULL time jobs, and don't need a second part time job. Total number of jobs created will drop.

Consumer spending set records last month. That doesn't happen unless people are working, the 4.1% UE rate tells the tale.

Do you have a source that shows full time jobs created for both Obama and Trump?

anon_3b28c says

anon_034aa says

The difference is, all the additional jobs created by Obama were part time waiter and bartender jobs, so many people had to take multiple jobs. The total number of jobs created doesn't tell that picture, which is why you need to dig deeper.

Now with Trump, people are getting FULL time jobs, and don't need a second part time job. Total number of jobs created will drop.

Consumer spending set records last month. That doesn't happen unless people are working, the 4.1% UE rate tells the tale.

Do you have a source that shows full time jobs created for both Obama and Trump?

https://www.bls.gov

anon_8f378 says

Strategist says

Unemployment at 4.1% has not been this low for many years, and we are being asked where all the jobs are? Hello? The jobs have been filled, which is why unemployment is so low.

You obviously didn't read the article. We're asking where the specific jobs that Trump touted are.

Who the hell cares about any specific jobs Trump touted. What counts is what happens to the overall job market. It's just an attempt to discredit Trump's success with a few irrelevant specifics.

Where? Right here buddy!!!!!!

anon_34fca says

https://www.bls.gov

Thanks but I was asking you to back up your claim. Why do you think there are more full time jobs created under Trump? Just a guess or did you see data showing that?

Strategist says

Who the hell cares about any specific jobs Trump touted. What counts is what happens to the overall job market. It's just an attempt to discredit Trump's success with a few irrelevant specifics.

Yep--he's made it worse. Worst job created performance in the last 6 years. Worse than any year in the 2nd term of Obama.

anon_3b28c says

Strategist says

Who the hell cares about any specific jobs Trump touted. What counts is what happens to the overall job market. It's just an attempt to discredit Trump's success with a few irrelevant specifics.

Yep--he's made it worse. Worst job created performance in the last 6 years. Worse than any year in the 2nd term of Obama.

He made it worse and the unemployment rate still goes down to a level not seen for around 20 years? Wow. Obama must be feeling like a real loser.

anon_3b28c says

Yep--he's made it worse.

A president doesn't singularly make jobs. Obama didn't and neither does Trump. It's politics. Who the hell cares?

I think I've heard Trump's penis is 1/16" bigger than Obama's so our economic outlook is going to be terrific! Our commander in chief has a bigger wang than his predecessor!

anon_3b28c says

Worst job created performance in the last 6 years. Worse than any year in the 2nd term of Obama.

Got data to back that up, or just more hyperbole?

anon_3b28c says

Why do you think there are more full time jobs created under Trump? Just a guess or did you see data showing that?

Because 94% of jobs created under Obama weren't full time jobs.

In a new report, the Economic Policy Institute finds that “an ongoing structural shift toward more intensive use of part-time employment by many employers is driving the elevated rate of involuntary part-time work” in the US, leaving 6.4 million American workers with part-time hours when they would prefer to be working full-time:

The monthly rate of workers in the U.S. labor market who are working “part time for economic reasons”—who are considered “involuntary” part-timers because they want to and are available to work full time—is the most consistent indicator of such underemployment. That rate is higher now that it was before the Great Recession and during the depths of the early 2000s recession.

“We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.

This report suggests that, in addition to cyclical forces (in this case, lingering effects of the recession), there is an ongoing structural shift in many businesses toward more intensive use of part-time employment, driving the elevated rate of involuntary part-time employment.

http://www.epi.org/publication/still-falling-short-on-hours-and-pay-part-time-work-becoming-new-normal/

anon_3b28c says

Thanks but I was asking you to back up your claim. Why do you think there are more full time jobs created under Trump? Just a guess or did you see data showing that?

Labor market is thriving far better under Trump than under Obama.

..."During the Obama administration, a major reason the unemployment rate declined was that fewer people were in the labor force because what the BLS calls the labor participation rate continually declined as people gave up the search for a job or retired.

What we really want to see is a declining unemployment rate with a higher percentage of people working or actively looking for work, indicating a strong and growing economy.

In September, that’s exactly what we had. While the unemployment rate declined to a 16-year low, the labor participation rate rose from 62.9 percent to 63.1 percent, exceeding 63 percent for the first time in 42 months.

An even better indicator of labor market strength than the official unemployment rate is what the BLS calls the U-6 unemployment rate, a broader measure that many economists consider the real unemployment rate. It counts people as unemployed for a year after they give up their job search, rather than just 30 days, and discounts the importance of part time jobs by counting people as unemployed who are working part time because they are unable to find full time jobs.

At 8.3 percent, this measure has dropped more than a percentage point since January, when President Trump took office, and is at its lowest level since June 2007, six months before the recession began.

In fact, the eight months following President Trump’s inauguration are the only months since February 2009 in which 60 percent or more of Americans were employed and it’s been above 60 percent for every month of the Trump presidency. In September, the percentage of Americans who were employed reached 60.4 percent. The last time it was this high was January 2009, the month President Obama took office.

Finally, the jobs are better. Since January, the number of people working full time has increased by two million while the number working part time increased by only 245,000. In September alone, the number of people working full time increased by 935,000. This helps explains why average hourly wages have grown by 2.9 percent over the past 12 months, the highest level of annual wage growth in more than eight years.

Bottom line, thanks in great part to President Trump’s deregulation efforts, businesses across the country are hiring and more Americans are working better jobs for higher pay.

http://thehill.com/opinion/finance/354541-labor-market-is-thriving-far-better-under-trump-than-under-obama

Strategist says

anon_8f378 says

Strategist says

Nonsense.

Care to elaborate on what is nonsense?

Unemployment at 4.1% has not been this low for many years, and we are being asked where all the jobs are? Hello? The jobs have been filled, which is why unemployment is so low.

Thank you Obama! He beat trumps first year each of his last six years. Must have been doing something right

Strategist says

He made it worse and the unemployment rate still goes down to a level not seen for around 20 years? Wow. Obama must be feeling like a real loser.

Yep. The growth in jobs is much less than under Obama, so while the jobless rate is still going down, it's going down a lot more slowly than under Obama.

US GDP Growth was 2.6% in the 4th Quarter. Not sure what your meme is trying to say....

https://bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

And 2.3% for the year.