ColonelAngus
Diamond Member
- Feb 25, 2015
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Youth Unemployment Hits 52-Year Low
The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer, though the share of young people looking for work remained well below its peak in 1989.
Of Americans between 16 and 24 years old actively looking for work this summer, 9.2% were unemployed in July, the Labor Department, lowest since 1966.
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Where is the economic collapse that so many lefty “experts”predicted if Trump won?
This statistic is because of Obama, we know, we know...
However, The New York Times itself described Obama's economy this way in August 2016: "For three quarters in a row, the growth rate of the economy has hovered around a mere 1%. In the last quarter of 2015 and the first quarter of 2016, the economy expanded at feeble annual rates of 0.9% and 0.8%, respectively. The initial reading for the second quarter of this year, released on Friday, was a disappointing 1.2%."
GDP growth decelerated in each of the last three quarters of 2016.
And on January 27, 2017, after the government reported that GDP growth for all 2016 was a mere 1.6% — the weakest in five years — the Times announced that "President Trump's target for economic growth just got a little more distant."
That same month, the nonpartisan Congressional Budget Office forecast growth this year would be just 1.9%.
There were other signs of stagnation as well. Stocks had flatlined in 2016, with major indexes down slightly. Real median household income dropped that year, according to Sentier Research.
Growth had been so worrisomely slow throughout Obama's two terms in office that journalists started warning about "secular stagnation." They said the country was in a period of long, sustained, slow growth resulting from slow population and productivity growth.
In August 2016, the Times declared that "the underlying reality of low growth will haunt whoever wins the White House."
...
...
But now, amazingly, th geood economy is all because of Obama!!!
Don’t believe your lying eyes, America....Obama is the reason you have a job in August of 2018.
The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer, though the share of young people looking for work remained well below its peak in 1989.
Of Americans between 16 and 24 years old actively looking for work this summer, 9.2% were unemployed in July, the Labor Department, lowest since 1966.
.
.
.
.
Where is the economic collapse that so many lefty “experts”predicted if Trump won?
This statistic is because of Obama, we know, we know...
However, The New York Times itself described Obama's economy this way in August 2016: "For three quarters in a row, the growth rate of the economy has hovered around a mere 1%. In the last quarter of 2015 and the first quarter of 2016, the economy expanded at feeble annual rates of 0.9% and 0.8%, respectively. The initial reading for the second quarter of this year, released on Friday, was a disappointing 1.2%."
GDP growth decelerated in each of the last three quarters of 2016.
And on January 27, 2017, after the government reported that GDP growth for all 2016 was a mere 1.6% — the weakest in five years — the Times announced that "President Trump's target for economic growth just got a little more distant."
That same month, the nonpartisan Congressional Budget Office forecast growth this year would be just 1.9%.
There were other signs of stagnation as well. Stocks had flatlined in 2016, with major indexes down slightly. Real median household income dropped that year, according to Sentier Research.
Growth had been so worrisomely slow throughout Obama's two terms in office that journalists started warning about "secular stagnation." They said the country was in a period of long, sustained, slow growth resulting from slow population and productivity growth.
In August 2016, the Times declared that "the underlying reality of low growth will haunt whoever wins the White House."
...
...
But now, amazingly, th geood economy is all because of Obama!!!
Don’t believe your lying eyes, America....Obama is the reason you have a job in August of 2018.
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