Economy added 73,000 jobs in July, as employers grapple with uncertainty
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jbrownson0831
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- Jul 27, 2020
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More late libberbabble from Lemming from Lithonia......
Hafar1014
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The tariffs will bring in over 1 trillion in 4 years enough to pay off the deficit.
They have opened markets and increased manufacturing. So were is the problem?
justoffal
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Clayton has no idea what he's talking about.
He never did.
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- #65
Celebrating as per usual.
Taking such sadistic glee in misfortune.
Taking such sadistic glee in misfortune.
Thinker101
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- Mar 25, 2017
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But that should send a thrill up your leg, right?
Conservative from Georgia
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Who’s
Nobody said hurray. You’re just triggered.
jbrownson0831
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Yawn, Dimtard from Dunwoody.....
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- #69
You're the one posting a thread about it. Don't insult our intelligence.
3 percent GDP, after he inherited a 2.3% from Xiden
Astrostar
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- Jul 21, 2017
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U.S. job growth turns cold as Trump’s agenda takes its toll on the economy
The question for the White House is simple: “If Trump has created a ‘hot’ economy, why has American job growth slowed to a 16-year low?”
www.msnbc.com
The answer is simple.
It's because of the severe tax Trump is imposing on the American consumer (he calls it tariffs), and, since we have been through this with Dubya, business knows a recession is on the way.
Somebody in maga world should try to educate Trump on how tariffs actually work and the great harm they cause on the American economy, with inflation and employment reduction. The Republican party is too spaghetti spined to do it, Fox "News" wont dare do it. Well, America voted for the big orange dummy, so I guess they get what they deserve!
Bigly!!!
Edgetho
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No question it's a weak jobs report. Not as weak as dimocrap scum would like.
Let's face it, The Fed's Powell is behind it. We can argue whether it's good or bad if you want to but it's not on Trump. It's totes on Powell. It's what he's wanted all along..... A slow down in the economy.
Let's face it, The Fed's Powell is behind it. We can argue whether it's good or bad if you want to but it's not on Trump. It's totes on Powell. It's what he's wanted all along..... A slow down in the economy.
jbrownson0831
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Gotta do better than msnbc comic strip head-up-your-Ass-tro....U.S. job growth turns cold as Trump’s agenda takes its toll on the economy
The question for the White House is simple: “If Trump has created a ‘hot’ economy, why has American job growth slowed to a 16-year low?”
The answer is simple.
It's because of the severe tax Trump is imposing on the American consumer (he calls it tariffs), and, since we have been through this with Dubya, business knows a recession is on the way.
Somebody in maga world should try to educate Trump on how tariffs actually work and the great harm they cause on the American economy, with inflation and employment reduction. The Republican party is too spaghetti spined to do it, Fox "News" wont dare do it. Well, America voted for the big orange dummy, so I guess they get what they deserve!
Bigly!!!
Stay tuned, to implement the job growth, Trump needs more than 6 months.
Talk to us next year at this time. We'll also have a new Fed Reserve Chairman.
Talk to us next year at this time. We'll also have a new Fed Reserve Chairman.
jbrownson0831
Diamond Member
- Jul 27, 2020
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Funny how the whiners who never had a job do all the yapping about job growth.....
My advice would probably be to adopt 2020 shutdown spending habits--spend as little as possible, get by with less, and just get through the next 18 months
task0778
Diamond Member
I voted for Trump 3 times, so I ain't a TDS guy. But I look at this number plus the significant drop in the 2 previous months and I'm thinkin' when do we see the uptick in jobs? Wasn't that one of the reasons why the tariffs were raised, no? I know some companies are talking about investing here and reshoring and all that, but talk is cheap. What if Trump backs off on the higher tariffs to get some trade concessions, but what happens when some of those companies decide not to go through with what they're saying? What if foreign gov'ts reduce or drop their tariffs on our stuff exported to their country but their consumers still don't buy our stuff even though it's cheaper? Does the balance of trade really change much? Does domestic manufacturing change much? Do prices go up much on imported stuff here because of the tariffs and not go back down if/when the tariffs are reduced? Will unemployment drop here as manufacturing jobs grow? Do we have enough skilled people to fill those jobs if they appear?
From what I can tell, historically tariffs have never worked out for economic growth and prosperity in the long run. In the short term maybe, but not so much in the long term. Trump has been right more often than wrong business-wise, but pardon me if I am a bit skeptical this time.
Anybody here with a handle on why healthcare and social services are the big reason for job growth in over the recent months? Just curious and I'll next check if I can find some on-line trade publications for the reason.
Establishment Survey Data
Total nonfarm payroll employment changed little in July (+73,000) and has shown little change
since April. Over the month, employment continued to trend up in health care and in social
assistance. Federal government continued to lose jobs. (See table B-1.)
In July, health care added 55,000 jobs, above the average monthly gain of 42,000 over the prior
12 months. Over the month, job gains occurred in ambulatory health care services (+34,000) and
hospitals (+16,000).
Social assistance employment continued to trend up in July (+18,000), reflecting continued job
growth in individual and family services (+21,000).
Federal government employment continued to decline in July (-12,000) and is down by 84,000
since reaching a peak in January. (Employees on paid leave or receiving ongoing severance pay
are counted as employed in the establishment survey.)
Employment showed little change over the month in other major industries, including mining,
quarrying, and oil and gas extraction; construction; manufacturing; wholesale trade; retail
trade; transportation and warehousing; information; financial activities; professional and
business services; leisure and hospitality; and other services.
Establishment Survey Data
Total nonfarm payroll employment changed little in July (+73,000) and has shown little change
since April. Over the month, employment continued to trend up in health care and in social
assistance. Federal government continued to lose jobs. (See table B-1.)
In July, health care added 55,000 jobs, above the average monthly gain of 42,000 over the prior
12 months. Over the month, job gains occurred in ambulatory health care services (+34,000) and
hospitals (+16,000).
Social assistance employment continued to trend up in July (+18,000), reflecting continued job
growth in individual and family services (+21,000).
Federal government employment continued to decline in July (-12,000) and is down by 84,000
since reaching a peak in January. (Employees on paid leave or receiving ongoing severance pay
are counted as employed in the establishment survey.)
Employment showed little change over the month in other major industries, including mining,
quarrying, and oil and gas extraction; construction; manufacturing; wholesale trade; retail
trade; transportation and warehousing; information; financial activities; professional and
business services; leisure and hospitality; and other services.
Mac1958
Diamond Member
Yeah, I gave them a few ideas. They may need to temporarily cut back on certain products offered, look for substitute constituent parts, shop suppliers, etc. And yeah, the spending habits need a full audit.
The worst situations I saw were the domino effect within long supply chains. The longer the chain, the worse, more costly, slower, and more constipated the process gets.
A fuckin' mess.
Lesh
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- Dec 21, 2016
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And we’re not even a year into this disastrous Administration
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