Since Liberals Ignored It, Let's Look at the Dept. of Labor-BLS Jobs Report for Last Month

[Harpy Eagle]

Did anyone notice that last week the Labor Department announced that jobless claims have now hit a 50-year low? The last time unemployment-aid claims were this low was 1969.

US claims for unemployment aid hit lowest level since '69

I see liberals here are choosing to focus on the GDP and to ignore all the positive economic developments, even though GDP growth has been above 2% for most of Trump's presidency and has not experienced a single negative quarter. And of course liberals refuse to consider the idea that the Fed's jacking up of interest rates has hindered GDP growth.

unemployment claims over the last 10 years...do you notice a trend that started long before Trump won the election?

 

[Rustic]

Did anyone notice that last week the Labor Department announced that jobless claims have now hit a 50-year low? The last time unemployment-aid claims were this low was 1969.

US claims for unemployment aid hit lowest level since '69

I see liberals here are choosing to focus on the GDP and to ignore all the positive economic developments, even though GDP growth has been above 2% for most of Trump's presidency and has not experienced a single negative quarter. And of course liberals refuse to consider the idea that the Fed's jacking up of interest rates has hindered GDP growth.

unemployment claims over the last 10 years...do you notice a trend that started long before Trump won the election?

View attachment 257114

Lol
You do realize socialism only benefits progressives...

You have a very shallow mind

 

[Harpy Eagle]

Did anyone notice that last week the Labor Department announced that jobless claims have now hit a 50-year low? The last time unemployment-aid claims were this low was 1969.

US claims for unemployment aid hit lowest level since '69

I see liberals here are choosing to focus on the GDP and to ignore all the positive economic developments, even though GDP growth has been above 2% for most of Trump's presidency and has not experienced a single negative quarter. And of course liberals refuse to consider the idea that the Fed's jacking up of interest rates has hindered GDP growth.

unemployment claims over the last 10 years...do you notice a trend that started long before Trump won the election?

View attachment 257114

Lol
You do realize socialism only benefits progressives...

You have a very shallow mind

and you are still drunk...would you just go sleep it off and quit responding with things that have nothing to do with the post you are responding to?

 

[Rustic]

Did anyone notice that last week the Labor Department announced that jobless claims have now hit a 50-year low? The last time unemployment-aid claims were this low was 1969.

US claims for unemployment aid hit lowest level since '69

I see liberals here are choosing to focus on the GDP and to ignore all the positive economic developments, even though GDP growth has been above 2% for most of Trump's presidency and has not experienced a single negative quarter. And of course liberals refuse to consider the idea that the Fed's jacking up of interest rates has hindered GDP growth.

unemployment claims over the last 10 years...do you notice a trend that started long before Trump won the election?

View attachment 257114

Lol
You do realize socialism only benefits progressives...

You have a very shallow mind

and you are still drunk...would you just go sleep it off and quit responding with things that have nothing to do with the post you are responding to?

 

[rightwinger]

Mac has this 100% correct. We must now balance what we are doing, and address the debt. It has been successfully navigated for 1/2 of the equation, now we must address the other 1/2!

Not quite

We must spend money to destroy the deep state

We must spend money to set workers back working and living efficient

This produces some more debt but if not the nation will fall

Once workers gets set up and in the groove the debt can finalky start lowering

But if women keep voting in crooks destruction will come instead of great prosperity that trump understands so well

Thé Deep State keeps the country running

They make the trains run on time, keeps the internet from crashing, makes sure the sun rises in the east

Without the Deep State, we are nothing

God Bless the Deep State

Wrong dead wrong

The deep state is destroying the nation with record low iq voters voting in crooks ... China is catching up because of America's voting system that allows the unwise to elect crooks

Trump has exposed this harmful system and time to change it before it's too late

Our beloved founding fathers created the Deep State

Without a Deep State we would still be in the Stone Age
Ever watch The Flintstones? No Deep State

Wrong our founding fathers would not let the unwise and emotional vote and that is what made the greatest nation

We must now do the same to stop the destruction of America

Our Founding Fathers were the original Deep State

That is why conservatives hate them

 

[rightwinger]

Did anyone notice that last week the Labor Department announced that jobless claims have now hit a 50-year low? The last time unemployment-aid claims were this low was 1969.

US claims for unemployment aid hit lowest level since '69

I see liberals here are choosing to focus on the GDP and to ignore all the positive economic developments, even though GDP growth has been above 2% for most of Trump's presidency and has not experienced a single negative quarter. And of course liberals refuse to consider the idea that the Fed's jacking up of interest rates has hindered GDP growth.

Trump riding the strong economic wave of the Great Obama

 

[Rustic]

Did anyone notice that last week the Labor Department announced that jobless claims have now hit a 50-year low? The last time unemployment-aid claims were this low was 1969.

US claims for unemployment aid hit lowest level since '69

I see liberals here are choosing to focus on the GDP and to ignore all the positive economic developments, even though GDP growth has been above 2% for most of Trump's presidency and has not experienced a single negative quarter. And of course liberals refuse to consider the idea that the Fed's jacking up of interest rates has hindered GDP growth.

Trump riding the strong economic wave of the Great Obama

Lol
Na, not really

 

[mikegriffith1]

More good economic news, just in today: GDP grew 3.2% in the first quarter of 2019! And, of course, the stock market has been doing very well for the last few weeks: it is now only a few points away from matching the all-time high that was achieved early last year.

GDP exceeds expectations, accelerates to 3.2% in first quarter

US crude plunges 2.9%, settling at $63.30, after Trump says he told OPEC to tame fuel costs

I can hear the liberal responses now: "But, but, but, my local grocery store closed down." "My salary is smaller as a percentage of GDP than it was two months ago!" "This is all Obama's doing!"

 

[Harpy Eagle]

More good economic news, just in today: GDP grew 3.2% in the first quarter of 2019! And, of course, the stock market has been doing very well for the last few weeks: it is now only a few points away from matching the all-time high that was achieved early last year.

GDP exceeds expectations, accelerates to 3.2% in first quarter

US crude plunges 2.9%, settling at $63.30, after Trump says he told OPEC to tame fuel costs

I can hear the liberal responses now: "But, but, but, my local grocery store closed down." "My salary is smaller as a percentage of GDP than it was two months ago!" "This is all Obama's doing!"

yep, the stock market is almost back to where it was 430 days! Let's all celebrate!

 

[mikegriffith1]

Trump riding the strong economic wave of the Great Obama

LOL! Yeah, even though Trump has followed very different policies: slashing the corporate tax rate, cutting individual tax rates, massive deregulation, and high tariffs and protectionism. And I guess you've already flushed out of your mind the fact that under Obama we had a net loss in manufacturing jobs, a much higher U-6 rate, and nearly flat-lined wages, etc., etc.

 

[McRocket]

More good economic news, just in today: GDP grew 3.2% in the first quarter of 2019! And, of course, the stock market has been doing very well for the last few weeks: it is now only a few points away from matching the all-time high that was achieved early last year.

GDP exceeds expectations, accelerates to 3.2% in first quarter

US crude plunges 2.9%, settling at $63.30, after Trump says he told OPEC to tame fuel costs

I can hear the liberal responses now: "But, but, but, my local grocery store closed down." "My salary is smaller as a percentage of GDP than it was two months ago!" "This is all Obama's doing!"

The GDP numbers mean little:

'That was the great news: the not so great news - the number was driven entirely by "one-time items" such as a surge in inventories and a far smaller trade deficit, pushing net trade sharply higher, neither of which is sustainable; meanwhile the core drivers of GDP - consumption and fixed investment - came in somewhat weak, dropping from Q4, with PCE and CapEx adding just 1.1%, or about a third, of the bottom line GDP number.'

Q1 GDP Smashes Expectations, Soars 3.2%, But The Real Story Is Below The Surface


And the DOW being up means nothing as the reason for it being up over late last year is the Fed doing EXACTLY what the cons were screaming about during Obama's tenure - propping up the markets.

When the equity markets are rising with historically normal interest rates AND zero QE...only then can anyone brag about it.

Until then - means nothing.

 

[Harpy Eagle]

Trump riding the strong economic wave of the Great Obama

LOL! Yeah, even though Trump has followed very different policies: slashing the corporate tax rate, cutting individual tax rates, massive deregulation, and high tariffs and protectionism. And I guess you've already flushed out of your mind the fact that under Obama we had a net loss in manufacturing jobs, a much higher U-6 rate, and nearly flat-lined wages, etc., etc.

Unemployment over the last 10 years...nothing changed after the election...just keep moving in the same direction.

 

[Harpy Eagle]

More good economic news, just in today: GDP grew 3.2% in the first quarter of 2019! And, of course, the stock market has been doing very well for the last few weeks: it is now only a few points away from matching the all-time high that was achieved early last year.

GDP exceeds expectations, accelerates to 3.2% in first quarter

US crude plunges 2.9%, settling at $63.30, after Trump says he told OPEC to tame fuel costs

I can hear the liberal responses now: "But, but, but, my local grocery store closed down." "My salary is smaller as a percentage of GDP than it was two months ago!" "This is all Obama's doing!"

The GDP numbers mean little:

'That was the great news: the not so great news - the number was driven entirely by "one-time items" such as a surge in inventories and a far smaller trade deficit, pushing net trade sharply higher, neither of which is sustainable; meanwhile the core drivers of GDP - consumption and fixed investment - came in somewhat weak, dropping from Q4, with PCE and CapEx adding just 1.1%, or about a third, of the bottom line GDP number.'

Q1 GDP Smashes Expectations, Soars 3.2%, But The Real Story Is Below The Surface


And the DOW being up means nothing as the reason for it being up over late last year is the Fed doing EXACTLY what the cons were screaming about during Obama's tenure - propping up the markets.

When the equity markets are rising with historically normal interest rates AND zero QE...only then can anyone brag about it.

Until then - means nothing.

The DJI up only 0.31% after that good of news from the GDP is worrisome.

 

[rightwinger]

Trump riding the strong economic wave of the Great Obama

LOL! Yeah, even though Trump has followed very different policies: slashing the corporate tax rate, cutting individual tax rates, massive deregulation, and high tariffs and protectionism. And I guess you've already flushed out of your mind the fact that under Obama we had a net loss in manufacturing jobs, a much higher U-6 rate, and nearly flat-lined wages, etc., etc.

Should have had a bigger and lengthier economic spike ...shouldn’t he?
13 million jobs added under Obama, 2 million under Trump

 

[mikegriffith1]

Trump riding the strong economic wave of the Great Obama

LOL! Yeah, even though Trump has followed very different policies: slashing the corporate tax rate, cutting individual tax rates, massive deregulation, and high tariffs and protectionism. And I guess you've already flushed out of your mind the fact that under Obama we had a net loss in manufacturing jobs, a much higher U-6 rate, and nearly flat-lined wages, etc., etc.

Should have had a bigger and lengthier economic spike ...shouldn’t he?
13 million jobs added under Obama, 2 million under Trump

HUH?! From January 2017 through March 2019, the economy has added 5.4 million jobs:

Bureau of Labor Statistics Data

Where in the world do you get the myth that the economy has only added 2 million jobs under Trump? The economy added 2.153 million jobs in 2017 alone. It added 2.699 million in 2018. And it has added 541,000 so far this year.

 

[Mac1958]

We do know that the rate of job growth necessarily slows when the job market gets tighter, right?

Who knows, maybe we don't, or won't.



Either way, the overall economic data right now is mixed, as it always is. Partisan slap-fighting notwithstanding.
.

 

[mikegriffith1]

Trump riding the strong economic wave of the Great Obama

LOL! Yeah, even though Trump has followed very different policies: slashing the corporate tax rate, cutting individual tax rates, massive deregulation, and high tariffs and protectionism. And I guess you've already flushed out of your mind the fact that under Obama we had a net loss in manufacturing jobs, a much higher U-6 rate, and nearly flat-lined wages, etc., etc.

Unemployment over the last 10 years...nothing changed after the election...just keep moving in the same direction.

View attachment 258016

You guys just can't help yourselves, can you? You just can't be honest and objective, can you? Look at the types of jobs created under Trump vs. those created under Obama. Look at wages, which were nearly flat-line under Obama but which have risen by about 5% under Trump (over 3% in the last 12 months alone). Look at manufacturing jobs: we had a net loss of those jobs under Obama, but we've seen a veritable explosion in these jobs under Trump--gee, why do you suppose that is? Look at the U-6, which was terrible under Obama but which has vastly improved under Trump. Etc., etc., etc.

 

[Harpy Eagle]

You guys just can't help yourselves, can you? You just can't be honest and objective, can you?

I posted 3 different UE rates over the last 10 years, how is that dishonest? How is presenting nothing but facts not being objective?

Look at the types of jobs created under Trump vs. those created under Obama.

Provide some data if there was a difference. Cold hard data please.

Look at wages, which were nearly flat-line under Obama but which have risen by about 5% under Trump (over 3% in the last 12 months alone).

wage growth started going up in 2014 as the UE rate came down. You will never have wage growth with a high UE rate.

Look at manufacturing jobs: we had a net loss of those jobs under Obama, but we've seen a veritable explosion in these jobs under Trump--gee, why do you suppose that is?

Manufacturing has been adding jobs for the last 8 years, it did not start under Trump. Once again, just the facts...

Look at the U-6, which was terrible under Obama but which has vastly improved under Trump. Etc., etc., etc.

The U-6 dropped more than 6% under Obama and less than 2% so far under Trump. Once again, a cold hard fact.

 

[mikegriffith1]

Just so we're clear: Liberals trot out the meaningless statistic of federal revenue as a percentage of GDP any time revenue rises after a major tax cut, as if somehow the revenue's percentage of GDP affects its value. They did this when federal revenue rose sharply under Reagan and Bush Jr. after their tax cuts, contrary to liberal predictions, and they're doing it now because federal revenue has risen after the Trump tax cuts.

Funny, though, you never heard a peep from liberals about revenue-to-GDP under Obama. Perhaps that's because revenue declined as a percentage of GDP under Obama compared to revenue under Bush! Here are the revenue-to-GDP numbers for the first five years of the Bush recovery and the Obama recovery:

First Year: Bush 15.6% (2004) – Obama 14.6% (2009)

Second Year: Bush 16.7% (2005) – Obama 14.6% (2010)

Third Year: Bush 17.6% (2006) – Obama 15.0% (2011)

Fourth Year: Bush 17.9% (2007) – Obama 15.3% (2012)

Fifth Year: Bush 17.1% (2008) – Obama 16.7% (2013)

Of course, the only thing these numbers prove is that by this meaningless comparison, Bush did a better job than Obama, which is demonstrably false. Revenue's percentage of GDP has nothing to do with its amount or its value. A dollar of revenue is worth the same for all purposes regardless of its percentage of GDP, just as your salary's buying power and value are not affected by your salary's percentage of GDP. Revenue-to-GDP is a meaningless comparison that liberals trot out when it suits their propaganda purposes.

 

[Harpy Eagle]

Just so we're clear: Liberals trot out the meaningless statistic of federal revenue as a percentage of GDP any time revenue rises after a major tax cut, as if somehow the revenue's percentage of GDP affects its value. They did this when federal revenue rose sharply under Reagan and Bush Jr. after their tax cuts, contrary to liberal predictions, and they're doing it now because federal revenue has risen after the Trump tax cuts.

You just love to post lies, I will give you that. Though I wonder if you are too stupid to know they are lies.

Revenue did not rise sharply after the tax cuts of Reagan, Bush II or Trump.

The 10 years prior to the Reagan tax cuts revenue grew at a rate of 12.41% per year, the 10 years after the Reagan tax cuts revenue grew at a rate of 5.68% per year. The tax cuts slowed revenue growth.

The 10 years prior to the Bush tax cuts revenue grew at a rate of 6.61% per year, the 10 years after the Bush tax cuts revenue grew at a rate of 1.87% per year. The tax cuts slowed revenue growth.

Tax revenue the 12 months prior to the Trump tax cuts was $ 3,343,634,000,000, tax revenue the 12 months after the Trump tax cuts was $ 3,330,470,000,000.

Since math is not your thing, that is a drop of $13,164,000,000 for the 12 months after the tax cuts as compared to the 12 months before.