Here's Why the Jobs Economy Doesn't Feel Strong Despite Years of Strong Growth Numbers

[Wyatt earp]

Interesting.......

Here's why the jobs economy doesn't feel strong despite years of strong numbers


Yesterday, the reading came in with job creation of 292,000 in December, which beat estimates of approximately 200,000. The headline unemployment rate was steady at 5%. Average hourly earnings were flat at 0.0% vs. estimates of an increase of 0.2%. The report had a couple of caveats that left me feeling uncomfortable. The first thing that stood out was the 34,000 temporary jobs and 45,000 Construction jobs. Also, the average hourly work week for manufacturing which edge down 0.1 to 40.6 hours and average work week for production and non-supervisory employees was unchanged at 33.7 hours. Even with the large job creation, the U6 measure of unemployment remained unchanged at 9.9% and the labor participation rate remained unchanged at approximately 62%.
Let's look at pre- and post-crisis wage growth. In January of 2000 the average hourly wage was $13.75; in December of 2007 it was $17.70. In January of 2008 it was $17.75; and December of 2015 it was $21.22. Pre-crisis there was wage growth of 28.73% and post crisis wage growth had slowed to 19.55%. Interesting

Going back even further, January of 1993, $10.93 and December of 1999, $13.70 -- wage growth of 25.34%. January 1986 to December 1992 $8.85 to $10.64, 20.23%. Interesting. 2008 to 2015 has been the slowest seven-year span of wage growth in nearly 30 years. If we are creating all these jobs, why is that we have such sub-standard wage growth?

Labor participation has been declining because as the population has been increasing the jobs being created have not been able to keep up. Not only has wage growth been at a 30-year-low, but job creation has been lackluster as well

 

[sealybobo]

Interesting.......

Here's why the jobs economy doesn't feel strong despite years of strong numbers


Yesterday, the reading came in with job creation of 292,000 in December, which beat estimates of approximately 200,000. The headline unemployment rate was steady at 5%. Average hourly earnings were flat at 0.0% vs. estimates of an increase of 0.2%. The report had a couple of caveats that left me feeling uncomfortable. The first thing that stood out was the 34,000 temporary jobs and 45,000 Construction jobs. Also, the average hourly work week for manufacturing which edge down 0.1 to 40.6 hours and average work week for production and non-supervisory employees was unchanged at 33.7 hours. Even with the large job creation, the U6 measure of unemployment remained unchanged at 9.9% and the labor participation rate remained unchanged at approximately 62%.
Let's look at pre- and post-crisis wage growth. In January of 2000 the average hourly wage was $13.75; in December of 2007 it was $17.70. In January of 2008 it was $17.75; and December of 2015 it was $21.22. Pre-crisis there was wage growth of 28.73% and post crisis wage growth had slowed to 19.55%. Interesting

Going back even further, January of 1993, $10.93 and December of 1999, $13.70 -- wage growth of 25.34%. January 1986 to December 1992 $8.85 to $10.64, 20.23%. Interesting. 2008 to 2015 has been the slowest seven-year span of wage growth in nearly 30 years. If we are creating all these jobs, why is that we have such sub-standard wage growth?

Labor participation has been declining because as the population has been increasing the jobs being created have not been able to keep up. Not only has wage growth been at a 30-year-low, but job creation has been lackluster as well

Perfect thread for me to bump.

Republicans didn't think 200,000 jobs in a month was good remember?

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

And actually, that number is a fucking lie

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

 

[LordBrownTrout]

Interesting.......

Here's why the jobs economy doesn't feel strong despite years of strong numbers


Yesterday, the reading came in with job creation of 292,000 in December, which beat estimates of approximately 200,000. The headline unemployment rate was steady at 5%. Average hourly earnings were flat at 0.0% vs. estimates of an increase of 0.2%. The report had a couple of caveats that left me feeling uncomfortable. The first thing that stood out was the 34,000 temporary jobs and 45,000 Construction jobs. Also, the average hourly work week for manufacturing which edge down 0.1 to 40.6 hours and average work week for production and non-supervisory employees was unchanged at 33.7 hours. Even with the large job creation, the U6 measure of unemployment remained unchanged at 9.9% and the labor participation rate remained unchanged at approximately 62%.
Let's look at pre- and post-crisis wage growth. In January of 2000 the average hourly wage was $13.75; in December of 2007 it was $17.70. In January of 2008 it was $17.75; and December of 2015 it was $21.22. Pre-crisis there was wage growth of 28.73% and post crisis wage growth had slowed to 19.55%. Interesting

Going back even further, January of 1993, $10.93 and December of 1999, $13.70 -- wage growth of 25.34%. January 1986 to December 1992 $8.85 to $10.64, 20.23%. Interesting. 2008 to 2015 has been the slowest seven-year span of wage growth in nearly 30 years. If we are creating all these jobs, why is that we have such sub-standard wage growth?

Labor participation has been declining because as the population has been increasing the jobs being created have not been able to keep up. Not only has wage growth been at a 30-year-low, but job creation has been lackluster as well

Perfect thread for me to bump.

Republicans didn't think 200,000 jobs in a month was good remember?

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

And actually, that number is a fucking lie

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

O averaged around 100k a month.

 

[sealybobo]

Interesting.......

Here's why the jobs economy doesn't feel strong despite years of strong numbers


Yesterday, the reading came in with job creation of 292,000 in December, which beat estimates of approximately 200,000. The headline unemployment rate was steady at 5%. Average hourly earnings were flat at 0.0% vs. estimates of an increase of 0.2%. The report had a couple of caveats that left me feeling uncomfortable. The first thing that stood out was the 34,000 temporary jobs and 45,000 Construction jobs. Also, the average hourly work week for manufacturing which edge down 0.1 to 40.6 hours and average work week for production and non-supervisory employees was unchanged at 33.7 hours. Even with the large job creation, the U6 measure of unemployment remained unchanged at 9.9% and the labor participation rate remained unchanged at approximately 62%.
Let's look at pre- and post-crisis wage growth. In January of 2000 the average hourly wage was $13.75; in December of 2007 it was $17.70. In January of 2008 it was $17.75; and December of 2015 it was $21.22. Pre-crisis there was wage growth of 28.73% and post crisis wage growth had slowed to 19.55%. Interesting

Going back even further, January of 1993, $10.93 and December of 1999, $13.70 -- wage growth of 25.34%. January 1986 to December 1992 $8.85 to $10.64, 20.23%. Interesting. 2008 to 2015 has been the slowest seven-year span of wage growth in nearly 30 years. If we are creating all these jobs, why is that we have such sub-standard wage growth?

Labor participation has been declining because as the population has been increasing the jobs being created have not been able to keep up. Not only has wage growth been at a 30-year-low, but job creation has been lackluster as well

Perfect thread for me to bump.

Republicans didn't think 200,000 jobs in a month was good remember?

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

And actually, that number is a fucking lie

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

O averaged around 100k a month.

Please don't be a liar

Working back from January 2017, Obama’s last month in office, there had been 6.423 million jobs added or 221,000 per month. The difference for the 29 months is 810,000 more jobs or 27,000 more per month than Trump.

Or say shit when you don't know what the fuck you are talking about.

 

[bendog]

I wouldn't bump it. LOL Imo its really the millennials who got screwed by the Great Recession, which had nothing to do with either Obama or Trump. We have an entire generation who are just now coming into what should be the important years of their earnings, and there are just a lot who are underemployed and gonna stay that way.

It sucks. The best govt could do is make their student loans as non-debilitating as possible, yet we are doing pretty much the opposite. And that I put on Trump. And the repubs still pushing for tax cuts on capital. And the moderates who still think the way to higher wages is just full employment. That model broke when the mftr jobs left, and they ain't coming back.

 

[BluesLegend]

Interesting.......

Here's why the jobs economy doesn't feel strong despite years of strong numbers


Yesterday, the reading came in with job creation of 292,000 in December, which beat estimates of approximately 200,000. The headline unemployment rate was steady at 5%. Average hourly earnings were flat at 0.0% vs. estimates of an increase of 0.2%. The report had a couple of caveats that left me feeling uncomfortable. The first thing that stood out was the 34,000 temporary jobs and 45,000 Construction jobs. Also, the average hourly work week for manufacturing which edge down 0.1 to 40.6 hours and average work week for production and non-supervisory employees was unchanged at 33.7 hours. Even with the large job creation, the U6 measure of unemployment remained unchanged at 9.9% and the labor participation rate remained unchanged at approximately 62%.
Let's look at pre- and post-crisis wage growth. In January of 2000 the average hourly wage was $13.75; in December of 2007 it was $17.70. In January of 2008 it was $17.75; and December of 2015 it was $21.22. Pre-crisis there was wage growth of 28.73% and post crisis wage growth had slowed to 19.55%. Interesting

Going back even further, January of 1993, $10.93 and December of 1999, $13.70 -- wage growth of 25.34%. January 1986 to December 1992 $8.85 to $10.64, 20.23%. Interesting. 2008 to 2015 has been the slowest seven-year span of wage growth in nearly 30 years. If we are creating all these jobs, why is that we have such sub-standard wage growth?

Labor participation has been declining because as the population has been increasing the jobs being created have not been able to keep up. Not only has wage growth been at a 30-year-low, but job creation has been lackluster as well

Perfect thread for me to bump.

Republicans didn't think 200,000 jobs in a month was good remember?

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

And actually, that number is a fucking lie

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

O averaged around 100k a month.

Please don't be a liar

Working back from January 2017, Obama’s last month in office, there had been 6.423 million jobs added or 221,000 per month. The difference for the 29 months is 810,000 more jobs or 27,000 more per month than Trump.

Or say shit when you don't know what the fuck you are talking about.

LOL and that Dem's killed off 8 million jobs before Obama took office, gaining some of those jobs back was a win?? lol

 

[LordBrownTrout]

Interesting.......

Here's why the jobs economy doesn't feel strong despite years of strong numbers


Yesterday, the reading came in with job creation of 292,000 in December, which beat estimates of approximately 200,000. The headline unemployment rate was steady at 5%. Average hourly earnings were flat at 0.0% vs. estimates of an increase of 0.2%. The report had a couple of caveats that left me feeling uncomfortable. The first thing that stood out was the 34,000 temporary jobs and 45,000 Construction jobs. Also, the average hourly work week for manufacturing which edge down 0.1 to 40.6 hours and average work week for production and non-supervisory employees was unchanged at 33.7 hours. Even with the large job creation, the U6 measure of unemployment remained unchanged at 9.9% and the labor participation rate remained unchanged at approximately 62%.
Let's look at pre- and post-crisis wage growth. In January of 2000 the average hourly wage was $13.75; in December of 2007 it was $17.70. In January of 2008 it was $17.75; and December of 2015 it was $21.22. Pre-crisis there was wage growth of 28.73% and post crisis wage growth had slowed to 19.55%. Interesting

Going back even further, January of 1993, $10.93 and December of 1999, $13.70 -- wage growth of 25.34%. January 1986 to December 1992 $8.85 to $10.64, 20.23%. Interesting. 2008 to 2015 has been the slowest seven-year span of wage growth in nearly 30 years. If we are creating all these jobs, why is that we have such sub-standard wage growth?

Labor participation has been declining because as the population has been increasing the jobs being created have not been able to keep up. Not only has wage growth been at a 30-year-low, but job creation has been lackluster as well

Perfect thread for me to bump.

Republicans didn't think 200,000 jobs in a month was good remember?

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

And actually, that number is a fucking lie

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

O averaged around 100k a month.

Please don't be a liar

Working back from January 2017, Obama’s last month in office, there had been 6.423 million jobs added or 221,000 per month. The difference for the 29 months is 810,000 more jobs or 27,000 more per month than Trump.

Or say shit when you don't know what the fuck you are talking about.

You know nothing on diminishing returns do you? Please don't be this stupid. We feel sorry for you.

Manufacturers Added 6 Times More Jobs Under Trump Than Under Obama's Last 2 Years

 

[LordBrownTrout]

Interesting.......

Here's why the jobs economy doesn't feel strong despite years of strong numbers


Yesterday, the reading came in with job creation of 292,000 in December, which beat estimates of approximately 200,000. The headline unemployment rate was steady at 5%. Average hourly earnings were flat at 0.0% vs. estimates of an increase of 0.2%. The report had a couple of caveats that left me feeling uncomfortable. The first thing that stood out was the 34,000 temporary jobs and 45,000 Construction jobs. Also, the average hourly work week for manufacturing which edge down 0.1 to 40.6 hours and average work week for production and non-supervisory employees was unchanged at 33.7 hours. Even with the large job creation, the U6 measure of unemployment remained unchanged at 9.9% and the labor participation rate remained unchanged at approximately 62%.
Let's look at pre- and post-crisis wage growth. In January of 2000 the average hourly wage was $13.75; in December of 2007 it was $17.70. In January of 2008 it was $17.75; and December of 2015 it was $21.22. Pre-crisis there was wage growth of 28.73% and post crisis wage growth had slowed to 19.55%. Interesting

Going back even further, January of 1993, $10.93 and December of 1999, $13.70 -- wage growth of 25.34%. January 1986 to December 1992 $8.85 to $10.64, 20.23%. Interesting. 2008 to 2015 has been the slowest seven-year span of wage growth in nearly 30 years. If we are creating all these jobs, why is that we have such sub-standard wage growth?

Labor participation has been declining because as the population has been increasing the jobs being created have not been able to keep up. Not only has wage growth been at a 30-year-low, but job creation has been lackluster as well

Perfect thread for me to bump.

Republicans didn't think 200,000 jobs in a month was good remember?

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

And actually, that number is a fucking lie

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

O averaged around 100k a month.

Please don't be a liar

Working back from January 2017, Obama’s last month in office, there had been 6.423 million jobs added or 221,000 per month. The difference for the 29 months is 810,000 more jobs or 27,000 more per month than Trump.

Or say shit when you don't know what the fuck you are talking about.

LOL and that Dem's killed off 8 million jobs before Obama took office, gaining some of those jobs back was a win?? lol

You can't argue with stupidity and absurdity.

 

[Third Party]

Interesting.......

Here's why the jobs economy doesn't feel strong despite years of strong numbers


Yesterday, the reading came in with job creation of 292,000 in December, which beat estimates of approximately 200,000. The headline unemployment rate was steady at 5%. Average hourly earnings were flat at 0.0% vs. estimates of an increase of 0.2%. The report had a couple of caveats that left me feeling uncomfortable. The first thing that stood out was the 34,000 temporary jobs and 45,000 Construction jobs. Also, the average hourly work week for manufacturing which edge down 0.1 to 40.6 hours and average work week for production and non-supervisory employees was unchanged at 33.7 hours. Even with the large job creation, the U6 measure of unemployment remained unchanged at 9.9% and the labor participation rate remained unchanged at approximately 62%.
Let's look at pre- and post-crisis wage growth. In January of 2000 the average hourly wage was $13.75; in December of 2007 it was $17.70. In January of 2008 it was $17.75; and December of 2015 it was $21.22. Pre-crisis there was wage growth of 28.73% and post crisis wage growth had slowed to 19.55%. Interesting

Going back even further, January of 1993, $10.93 and December of 1999, $13.70 -- wage growth of 25.34%. January 1986 to December 1992 $8.85 to $10.64, 20.23%. Interesting. 2008 to 2015 has been the slowest seven-year span of wage growth in nearly 30 years. If we are creating all these jobs, why is that we have such sub-standard wage growth?

Labor participation has been declining because as the population has been increasing the jobs being created have not been able to keep up. Not only has wage growth been at a 30-year-low, but job creation has been lackluster as well

That's easy-ILLEGALS!

 

[WTH_Progs?]

Interesting.......

Here's why the jobs economy doesn't feel strong despite years of strong numbers


Yesterday, the reading came in with job creation of 292,000 in December, which beat estimates of approximately 200,000. The headline unemployment rate was steady at 5%. Average hourly earnings were flat at 0.0% vs. estimates of an increase of 0.2%. The report had a couple of caveats that left me feeling uncomfortable. The first thing that stood out was the 34,000 temporary jobs and 45,000 Construction jobs. Also, the average hourly work week for manufacturing which edge down 0.1 to 40.6 hours and average work week for production and non-supervisory employees was unchanged at 33.7 hours. Even with the large job creation, the U6 measure of unemployment remained unchanged at 9.9% and the labor participation rate remained unchanged at approximately 62%.
Let's look at pre- and post-crisis wage growth. In January of 2000 the average hourly wage was $13.75; in December of 2007 it was $17.70. In January of 2008 it was $17.75; and December of 2015 it was $21.22. Pre-crisis there was wage growth of 28.73% and post crisis wage growth had slowed to 19.55%. Interesting

Going back even further, January of 1993, $10.93 and December of 1999, $13.70 -- wage growth of 25.34%. January 1986 to December 1992 $8.85 to $10.64, 20.23%. Interesting. 2008 to 2015 has been the slowest seven-year span of wage growth in nearly 30 years. If we are creating all these jobs, why is that we have such sub-standard wage growth?

Labor participation has been declining because as the population has been increasing the jobs being created have not been able to keep up. Not only has wage growth been at a 30-year-low, but job creation has been lackluster as well

Perfect thread for me to bump.

Republicans didn't think 200,000 jobs in a month was good remember?

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

And actually, that number is a fucking lie

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

I say you're a cause and effect challenged progressive, which is typical. In Obama's case the economy hit rock bottom. When that happens the reaction (recovery) is more drastic, because there's FAR more room to grow. In Trump's case the economy is already doing well, so OF COURSE he's not going to see the same numbers. Don't put much thought into it, I wouldn't want you to hurt your head.

 

[BluesLegend]

Breaking: Federal Reserve says there's no danger of a recession, Dem's squeal like stuck pigs.