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

[McRocket]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while.

Damn good.

Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.
.

What?!? 'Really, really good'?

I realize that you say that you run investment accounts for people and thus have to convince them into thinking things are better then they are so they don't liquidate their portfolios and cost you tons of commission fees (and don't bother denying it - no one who truly knows investing would believe you).

But to call the present economy 'really, really good' is ridiculous.

The M2 Money Velocity is still at record lows (since the 1950's). That is TERRIBLE. That means money is not moving. and the money that is is largely from cheap debt creation. And that is NEVER good for an economy.
Velocity of M2 Money Stock

The DOW has been flat for over a year.

The fiscal deficit is out of control.
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf

The POTUS is begging for even lower rates and is now talking about QE. Which is madness.
Bloomberg - Are you a robot?
How the fuck can things be 'really, really good' if Trump is asking for another round of QE?

GDP estimates are hovering under 2.5% - some, much lower. And if you know your stuff, you know that even those numbers are higher than they should be thanks to the modifications of how the GDP is measured that were put in place a few years ago.
GDPNow - Federal Reserve Bank of Atlanta
Nowcasting Report - FEDERAL RESERVE BANK of NEW YORK

The DOW is counting on a trade deal with China - which China would be idiots to do (given Trump's lousy poll numbers). I bet you a deal will be announced and upon closer inspection it will amount to almost nothing.

The employment-population ratio (a FAR better employment metric than the joke U-3) is still miles below what it was before the Great Recession.
Notice: Data not available: U.S. Bureau of Labor Statistics

The economy is stuck in one gear above stagnation...and is living on HUGE debt powered by the Fed (and fiscal deficits to an extent). That is NOT 'really, really good'.


You want to say something like '2-2.5% GDP growth looks the norm for the foreseeable future and the threat of a recession is fairly remote so long as the Fed is all in' - fine...I could buy that (though, when this debt house of cards finally falls - it could make the GR look like a picnic).

But to call the economy 'really, really good'? I clearly overestimated your macroeconomic knowledge.

So noted.

Good day.

 

[Crepitus]

Since liberals showed zero interest in all the good economic news for March, let's look at the Department of Larbor's Bureau of Labor Statistics (BLS) jobs report for March. Here are some key highlights:

* The economy added 196,000 new jobs, in spite of all the cold weather and snow storms, etc.

* The change in jobs for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. I bet you never heard about those revisions on CNN, MSNBC, etc., etc.

* Employment in construction rose by 16,000 jobs, and has increased by 246,000 over the past 12 months.

* Among the major worker groups, the unemployment rates were as follows: adult men (3.6 percent), adult women (3.3 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.7 percent), Asians (3.1 percent), and Hispanics (4.7 percent). These are historic lows for blacks, Hispanics, and women:

Unemployment rate of women in the U.S. 1990-2018 | Timeline

Why Credit for the Decline in Black Unemployment Goes to Trump, Not Obama | People's Pundit Daily

By the way, Hispanic unemployment never dropped below 5% before October 2017. Never.

Bureau of Labor Statistics Data

* In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February. Over the past 12 months, average hourly earnings have increased by 3.2 percent. Most of my pay raises have been 2.0-2.5%.

* Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $23.24 in March.

* The U-6 unemployment rate, aka the real unemployment rate, dropped again in March and is now down to 7.3%, down from 8.1% in January.

Table A-15. Alternative measures of labor underutilization

In fact, the U-6 rate is now lower than it was in 2005 and is approaching how low it was in 1999!

U6 Unemployment Rate

U6 Unemployment Rate | Portal Seven

But those statistics are fake, not only did the conservitards tell us that for almost a decade but tRump said so too.

 

[McRocket]

Since liberals showed zero interest in all the good economic news for March, let's look at the Department of Larbor's Bureau of Labor Statistics (BLS) jobs report for March. Here are some key highlights:

* The economy added 196,000 new jobs, in spite of all the cold weather and snow storms, etc.

* The change in jobs for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. I bet you never heard about those revisions on CNN, MSNBC, etc., etc.

* Employment in construction rose by 16,000 jobs, and has increased by 246,000 over the past 12 months.

* Among the major worker groups, the unemployment rates were as follows: adult men (3.6 percent), adult women (3.3 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.7 percent), Asians (3.1 percent), and Hispanics (4.7 percent). These are historic lows for blacks, Hispanics, and women:

Unemployment rate of women in the U.S. 1990-2018 | Timeline

Why Credit for the Decline in Black Unemployment Goes to Trump, Not Obama | People's Pundit Daily

By the way, Hispanic unemployment never dropped below 5% before October 2017. Never.

Bureau of Labor Statistics Data

* In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February. Over the past 12 months, average hourly earnings have increased by 3.2 percent. Most of my pay raises have been 2.0-2.5%.

* Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $23.24 in March.

* The U-6 unemployment rate, aka the real unemployment rate, dropped again in March and is now down to 7.3%, down from 8.1% in January.

Table A-15. Alternative measures of labor underutilization

In fact, the U-6 rate is now lower than it was in 2005 and is approaching how low it was in 1999!

U6 Unemployment Rate

U6 Unemployment Rate | Portal Seven

Ummm...no offense, but either you cherry picked or you don't know how to read the report.

You are bragging about the (joke of a) U-3? Well, it's based on the Household Survey. And what did that say for last month?

A whopping 201,000 LESS people employed in America in March.
Employment Situation Summary Table A. Household data, seasonally adjusted

And which areas saw job losses? Manufacturing and retail/wholesale trade. But government saw 14,000 more people employed (so much for swamp drainage in March).
Employment Situation Summary Table B. Establishment data, seasonally adjusted

And the unemployment rate for those 25+ with no high school diploma (prime Trumpbot territory)? It skyrocketed from 5.3% to 5.9%. In ONE month.
Table A-4. Employment status of the civilian population 25 years and over by educational attainment


You call 201,000 less Americans employed 'good economic news'?

So noted.

 

[rightwinger]

Are you celebrating that Trump did not mess up the Obama economy?

So you can't grasp the fact that Trump has vastly improved on Obama's economy? A huge jump in manufacturing jobs vs. a net loss in such jobs. An almost immediate drop in the U-6 rate vs. the U-6 rate staying at historically high levels until Obama's final two years, with Trump's U-6 rate being lower than it ever was under Obama. A much better rise in wages vs. virtual stagnation for at least six years under Obama. A huge jump in the stock market vs. the slow growth of the stock market even in Obama's last years. Lowering the corporate income tax rate on our businesses vs. keeping them at the absurd rate of 35% (which was some 40% more than the average in Europe and Asia). Etc., etc., etc.

I think Trump would have done better if he had just left the Obama economy alone. His poorly designed trade wars in a strong economy have done more damage than good. As did his destruction of the TPP

What? So you think we would better off if Trump had not cut taxes on middle-income workers by 20% for the second and third brackets and 13% for the fourth bracket?! So you think our companies would be doing better if Trump had not cut their income tax rate by 40% and reduced the regulatory burden on them?! So you think we would be better off it Trump had not vastly reduced the regulatory burden on manufacturers, which has been a big reason that we have seen a historic rise in manufacturing jobs?

As for Trump's supposedly "poorly designed trade wars" and the TPP, go talk to the leaders of major labor unions about that one. In case you missed the news, the trade deals that Trump has worked out thanks to the pressure of higher tariffs have been the best deals we have gotten in a long time.

Why do you suppose wages were stagnant during most of Obama's presidency and only rose very modestly toward the end of his tenure, but have risen substantially already under Trump? Why do you think we had a net *loss* of manufacturing jobs under Obama, which had never happened under any previous president who served two terms? It is just amazing that you people can't grasp the simple truth that when you let businesses keep more of their profits and cut their red tape, they earn more money, can afford to pay better salaries and benefits, free themselves from shareholders (as much as possible), and hire more workers?

I absolutely think it would be better without the unnecessary tax cuts
Borrowing $1.5 trillion to fund a tax cut that overwhelmingly benefits the wealthy is senseless
It provided a short term economic boost with long term consequences

We are not seeing significant wage increases. I was in the workforce for 40 years and saw wage increases consistently over 4 percent, sometimes above 6 percent. A wage increase of 2 percent is nothing to brag about......especially in a strong economy that just saw a massive cut in corporate taxes
Not much of a trickle down

 

[rightwinger]

Since liberals showed zero interest in all the good economic news for March, let's look at the Department of Larbor's Bureau of Labor Statistics (BLS) jobs report for March. Here are some key highlights:

* The economy added 196,000 new jobs, in spite of all the cold weather and snow storms, etc.

* The change in jobs for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. I bet you never heard about those revisions on CNN, MSNBC, etc., etc.

* Employment in construction rose by 16,000 jobs, and has increased by 246,000 over the past 12 months.

* Among the major worker groups, the unemployment rates were as follows: adult men (3.6 percent), adult women (3.3 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.7 percent), Asians (3.1 percent), and Hispanics (4.7 percent). These are historic lows for blacks, Hispanics, and women:

Unemployment rate of women in the U.S. 1990-2018 | Timeline

Why Credit for the Decline in Black Unemployment Goes to Trump, Not Obama | People's Pundit Daily

By the way, Hispanic unemployment never dropped below 5% before October 2017. Never.

Bureau of Labor Statistics Data

* In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February. Over the past 12 months, average hourly earnings have increased by 3.2 percent. Most of my pay raises have been 2.0-2.5%.

* Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $23.24 in March.

* The U-6 unemployment rate, aka the real unemployment rate, dropped again in March and is now down to 7.3%, down from 8.1% in January.

Table A-15. Alternative measures of labor underutilization

In fact, the U-6 rate is now lower than it was in 2005 and is approaching how low it was in 1999!

U6 Unemployment Rate

U6 Unemployment Rate | Portal Seven

But those statistics are fake, not only did the conservitards tell us that for almost a decade but tRump said so too.

The true number of unemployed is closer to 170 million

 

[Moonglow]

Since liberals showed zero interest in all the good economic news for March, let's look at the Department of Larbor's Bureau of Labor Statistics (BLS) jobs report for March. Here are some key highlights:

* The economy added 196,000 new jobs, in spite of all the cold weather and snow storms, etc.

* The change in jobs for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. I bet you never heard about those revisions on CNN, MSNBC, etc., etc.

* Employment in construction rose by 16,000 jobs, and has increased by 246,000 over the past 12 months.

* Among the major worker groups, the unemployment rates were as follows: adult men (3.6 percent), adult women (3.3 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.7 percent), Asians (3.1 percent), and Hispanics (4.7 percent). These are historic lows for blacks, Hispanics, and women:

Unemployment rate of women in the U.S. 1990-2018 | Timeline

Why Credit for the Decline in Black Unemployment Goes to Trump, Not Obama | People's Pundit Daily

By the way, Hispanic unemployment never dropped below 5% before October 2017. Never.

Bureau of Labor Statistics Data

* In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February. Over the past 12 months, average hourly earnings have increased by 3.2 percent. Most of my pay raises have been 2.0-2.5%.

* Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $23.24 in March.

* The U-6 unemployment rate, aka the real unemployment rate, dropped again in March and is now down to 7.3%, down from 8.1% in January.

Table A-15. Alternative measures of labor underutilization

In fact, the U-6 rate is now lower than it was in 2005 and is approaching how low it was in 1999!

U6 Unemployment Rate

U6 Unemployment Rate | Portal Seven

But those statistics are fake, not only did the conservitards tell us that for almost a decade but tRump said so too.

The true number of unemployed is closer to 170 million

I refuse to work.

 

[mikegriffith1]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while.

Damn good.

Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.
.

What?!? 'Really, really good'?

I realize that you say that you run investment accounts for people and thus have to convince them into thinking things are better then they are so they don't liquidate their portfolios and cost you tons of commission fees (and don't bother denying it - no one who truly knows investing would believe you).

But to call the present economy 'really, really good' is ridiculous.

The M2 Money Velocity is still at record lows (since the 1950's). That is TERRIBLE. That means money is not moving. and the money that is is largely from cheap debt creation. And that is NEVER good for an economy.
Velocity of M2 Money Stock

The DOW has been flat for over a year.

The fiscal deficit is out of control.
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf

The POTUS is begging for even lower rates and is now talking about QE. Which is madness.
Bloomberg - Are you a robot?
How can things be 'really, really good' if Trump is asking for another round of QE?

GDP estimates are hovering under 2.5% - some, much lower. And if you know your stuff, you know that even those numbers are higher than they should be thanks to the modifications of how the GDP is measured that were put in place a few years ago.
GDPNow - Federal Reserve Bank of Atlanta
Nowcasting Report - FEDERAL RESERVE BANK of NEW YORK

The DOW is counting on a trade deal with China - which China would be idiots to do (given Trump's lousy poll numbers). I bet you a deal will be announced and upon closer inspection it will amount to almost nothing.

The employment-population ratio (a FAR better employment metric than the joke U-3) is still miles below what it was before the Great Recession.
Notice: Data not available: U.S. Bureau of Labor Statistics

The economy is stuck in one gear above stagnation...and is living on HUGE debt powered by the Fed (and fiscal deficits to an extent). That is NOT 'really, really good'.

You want to say something like '2-2.5% GDP growth looks the norm for the foreseeable future and the threat of a recession is fairly remote so long as the Fed is all in' - fine...I could buy that (though, when this debt house of cards finally falls - it could make the GR look like a picnic).

LOL!!! The employment-population ratio (EM ratio)? FYI, the EM ratio last month was higher than it was at any time under Obama, and higher than it was under LBJ and Jimmy Carter (Civilian Employment-Population Ratio).

And the stock market has not been "flat" for the last year, at least not on this planet. On April 16 of last year the Dow was at 24,574, and as of yesterday it was at 26,412, a gain of nearly 2,000 points. Is that your idea of "flat"?

So never mind the historic gains in manufacturing jobs, the record lows for black and Hispanic unemployment, the sizable rise in wages, the historically low U-3 unemployment rate, the lowest U-6 unemployment rate since 1999, and the big jump in federal revenue, right?

 

[airplanemechanic]

The jobs report is fantastic.

The national debt is scary.

Both of those are facts.

 

[Pilot1]

Trump 2020!

 

[McRocket]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while.

Damn good.

Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.
.

What?!? 'Really, really good'?

I realize that you say that you run investment accounts for people and thus have to convince them into thinking things are better then they are so they don't liquidate their portfolios and cost you tons of commission fees (and don't bother denying it - no one who truly knows investing would believe you).

But to call the present economy 'really, really good' is ridiculous.

The M2 Money Velocity is still at record lows (since the 1950's). That is TERRIBLE. That means money is not moving. and the money that is is largely from cheap debt creation. And that is NEVER good for an economy.
Velocity of M2 Money Stock

The DOW has been flat for over a year.

The fiscal deficit is out of control.
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf

The POTUS is begging for even lower rates and is now talking about QE. Which is madness.
Bloomberg - Are you a robot?
How can things be 'really, really good' if Trump is asking for another round of QE?

GDP estimates are hovering under 2.5% - some, much lower. And if you know your stuff, you know that even those numbers are higher than they should be thanks to the modifications of how the GDP is measured that were put in place a few years ago.
GDPNow - Federal Reserve Bank of Atlanta
Nowcasting Report - FEDERAL RESERVE BANK of NEW YORK

The DOW is counting on a trade deal with China - which China would be idiots to do (given Trump's lousy poll numbers). I bet you a deal will be announced and upon closer inspection it will amount to almost nothing.

The employment-population ratio (a FAR better employment metric than the joke U-3) is still miles below what it was before the Great Recession.
Notice: Data not available: U.S. Bureau of Labor Statistics

The economy is stuck in one gear above stagnation...and is living on HUGE debt powered by the Fed (and fiscal deficits to an extent). That is NOT 'really, really good'.

You want to say something like '2-2.5% GDP growth looks the norm for the foreseeable future and the threat of a recession is fairly remote so long as the Fed is all in' - fine...I could buy that (though, when this debt house of cards finally falls - it could make the GR look like a picnic).

LOL!!! The employment-population ratio (EM ratio)? FYI, the EM ratio last month was higher than it was at any time under Obama, and higher than it was under LBJ and Jimmy Carter (Civilian Employment-Population Ratio).

And the stock market has not been "flat" for the last year, at least not on this planet. On April 16 of last year the Dow was at 24,574, and as of yesterday it was 26,412, a gain of nearly 2,000 points. Is that your idea of "flat"?

So never mind the historic gains in manufacturing jobs, the record lows for black and Hispanic unemployment, the sizable rise in wages, the historically low U-3 unemployment rate, the lowest U-6 unemployment rate since 1999, and the big jump in federal revenue, right?

You are cherry picking. And I agree with Trump - the U-3 is a hoax.

Trump himself (rightly) called the U-3 a hoax.
Donald Trump Calls Unemployment Rate One of the "Biggest Hoaxes in Politics"

1) How exactly is the E-P ratio a 'joke'? It simply measures the ratio of Employed to the total Civilian noninstitutional population? How EXACTLY is that a 'joke'?

'The employment-population ratio has not always been looked at for labor statistics and where specific areas are economically, but after the recent recession it has been given more attention worldwide, especially by economists.'
Employment-to-population ratio - Wikipedia

2) On January 16, 2018, the DOW peaked at 26,616.71. Today it is at 26,412.30. It is lower today then it was almost 15 months ago. That is - in essence - flat.
.DJI: Dow Jones Industrial Average - Stock Quote and News - CNBC

3) True or false, according to the Household Survey, 201,000 less Americans were employed in March?

True or false, please?

Employment Situation Summary Table A. Household data, seasonally adjusted

 

[McRocket]

The jobs report is fantastic.

The national debt is scary.

Both of those are facts.

201,000 less Americans employed in March is 'fantastic?

Employment Situation Summary Table A. Household data, seasonally adjusted

Okaaay.

I agree with your point on the national debt, however.

 

[Harpy Eagle]

[QUOTE="mikegriffith1, post: 22195966]

And the stock market has not been "flat" for the last year, at least not on this planet. On April 16 of last year the Dow was at 24,574, and as of yesterday it was at 26,412, a gain of nearly 2,000 points. Is that your idea of "flat"?

?[/QUOTE]

On Jan 22 of last year the Dow was at 26,071. That is a 340 point gain in 440 days. That is as flat as it gets


Sent from my iPhone using USMessageBoard.com

 

[22lcidw]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while.

Damn good.

Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.
.

What?!? 'Really, really good'?

I realize that you say that you run investment accounts for people and thus have to convince them into thinking things are better then they are so they don't liquidate their portfolios and cost you tons of commission fees (and don't bother denying it - no one who truly knows investing would believe you).

But to call the present economy 'really, really good' is ridiculous.

The M2 Money Velocity is still at record lows (since the 1950's). That is TERRIBLE. That means money is not moving. and the money that is is largely from cheap debt creation. And that is NEVER good for an economy.
Velocity of M2 Money Stock

The DOW has been flat for over a year.

The fiscal deficit is out of control.
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf

The POTUS is begging for even lower rates and is now talking about QE. Which is madness.
Bloomberg - Are you a robot?
How the fuck can things be 'really, really good' if Trump is asking for another round of QE?

GDP estimates are hovering under 2.5% - some, much lower. And if you know your stuff, you know that even those numbers are higher than they should be thanks to the modifications of how the GDP is measured that were put in place a few years ago.
GDPNow - Federal Reserve Bank of Atlanta
Nowcasting Report - FEDERAL RESERVE BANK of NEW YORK

The DOW is counting on a trade deal with China - which China would be idiots to do (given Trump's lousy poll numbers). I bet you a deal will be announced and upon closer inspection it will amount to almost nothing.

The employment-population ratio (a FAR better employment metric than the joke U-3) is still miles below what it was before the Great Recession.
Notice: Data not available: U.S. Bureau of Labor Statistics

The economy is stuck in one gear above stagnation...and is living on HUGE debt powered by the Fed (and fiscal deficits to an extent). That is NOT 'really, really good'.


You want to say something like '2-2.5% GDP growth looks the norm for the foreseeable future and the threat of a recession is fairly remote so long as the Fed is all in' - fine...I could buy that (though, when this debt house of cards finally falls - it could make the GR look like a picnic).

But to call the economy 'really, really good'? I clearly overestimated your macroeconomic knowledge.

So noted.

Good day.

Did they get rid of M 3? If so, why?

 

[McRocket]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while.

Damn good.

Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.
.

What?!? 'Really, really good'?

I realize that you say that you run investment accounts for people and thus have to convince them into thinking things are better then they are so they don't liquidate their portfolios and cost you tons of commission fees (and don't bother denying it - no one who truly knows investing would believe you).

But to call the present economy 'really, really good' is ridiculous.

The M2 Money Velocity is still at record lows (since the 1950's). That is TERRIBLE. That means money is not moving. and the money that is is largely from cheap debt creation. And that is NEVER good for an economy.
Velocity of M2 Money Stock

The DOW has been flat for over a year.

The fiscal deficit is out of control.
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf

The POTUS is begging for even lower rates and is now talking about QE. Which is madness.
Bloomberg - Are you a robot?
How the fuck can things be 'really, really good' if Trump is asking for another round of QE?

GDP estimates are hovering under 2.5% - some, much lower. And if you know your stuff, you know that even those numbers are higher than they should be thanks to the modifications of how the GDP is measured that were put in place a few years ago.
GDPNow - Federal Reserve Bank of Atlanta
Nowcasting Report - FEDERAL RESERVE BANK of NEW YORK

The DOW is counting on a trade deal with China - which China would be idiots to do (given Trump's lousy poll numbers). I bet you a deal will be announced and upon closer inspection it will amount to almost nothing.

The employment-population ratio (a FAR better employment metric than the joke U-3) is still miles below what it was before the Great Recession.
Notice: Data not available: U.S. Bureau of Labor Statistics

The economy is stuck in one gear above stagnation...and is living on HUGE debt powered by the Fed (and fiscal deficits to an extent). That is NOT 'really, really good'.


You want to say something like '2-2.5% GDP growth looks the norm for the foreseeable future and the threat of a recession is fairly remote so long as the Fed is all in' - fine...I could buy that (though, when this debt house of cards finally falls - it could make the GR look like a picnic).

But to call the economy 'really, really good'? I clearly overestimated your macroeconomic knowledge.

So noted.

Good day.

Did they get rid of M 3? If so, why?

What is 'M 3'? Do you mean the The Manufacturers' Shipments, Inventories, and Orders (M3) survey? If so, that is from the Dept. Of Commerce (the BLS - where the jobs report comes from - is from the Dept. of Labor).

Do you mean U-3 (the official unemployment rate)?

 

[danielpalos]

Since liberals showed zero interest in all the good economic news for March, let's look at the Department of Larbor's Bureau of Labor Statistics (BLS) jobs report for March. Here are some key highlights:

* The economy added 196,000 new jobs, in spite of all the cold weather and snow storms, etc.

* The change in jobs for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. I bet you never heard about those revisions on CNN, MSNBC, etc., etc.

* Employment in construction rose by 16,000 jobs, and has increased by 246,000 over the past 12 months.

* Among the major worker groups, the unemployment rates were as follows: adult men (3.6 percent), adult women (3.3 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.7 percent), Asians (3.1 percent), and Hispanics (4.7 percent). These are historic lows for blacks, Hispanics, and women:

Unemployment rate of women in the U.S. 1990-2018 | Timeline

Why Credit for the Decline in Black Unemployment Goes to Trump, Not Obama | People's Pundit Daily

By the way, Hispanic unemployment never dropped below 5% before October 2017. Never.

Bureau of Labor Statistics Data

* In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February. Over the past 12 months, average hourly earnings have increased by 3.2 percent. Most of my pay raises have been 2.0-2.5%.

* Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $23.24 in March.

* The U-6 unemployment rate, aka the real unemployment rate, dropped again in March and is now down to 7.3%, down from 8.1% in January.

Table A-15. Alternative measures of labor underutilization

In fact, the U-6 rate is now lower than it was in 2005 and is approaching how low it was in 1999!

U6 Unemployment Rate

U6 Unemployment Rate | Portal Seven

The Best Tax Cut Economics can do?
U.S. National Debt Clock : Real Time

 

[Mac1958]

Ah, the games nutters play.

There is never a perfect economy. There are always weaknesses to be found, troubling signs, hints of decay, disturbing trends, reasons to be concerned. And, of course, the inverse is true when the economy is weak. Finding contrarian information is not difficult at all. We are flooded with it. It will always exist in volume.

This is another example of how politics poisons everything. There will always be people hoping for the worst, so that their political madness gets a gold star for the day.

People in the industry laugh at this stuff.
.

 

[McRocket]

Ah, the games nutters play.

There is never a perfect economy. There are always weaknesses to be found, troubling signs, hints of decay, disturbing trends, reasons to be concerned. And, of course, the inverse is true when the economy is weak. Finding contrarian information is not difficult at all. We are flooded with it.

This is another example of how politics poisons everything. There will always be people hoping for the worst, so that their political madness gets a gold star for the day.

People in the industry laugh at this stuff.
.

What blather.

I have ZERO political bend...I have never voted for a Dem or a Rep - probably never will. I knocked Obama's economy (outside of Trump's ridiculous trade policies) roughly as much as Trump's.

And save the 'people in the industry' nonsense. That is nothing but trolling crap to try and whitewash any reply that you cannot factually refute...and I suspect you know that.
I can find plenty of industry big shots (like Ray Dalio) who agree with me.

Anyone who calls a 2-2.5% MAX GDP growth with an M2 Money Velocity at a two generational, record low while the POTUS is openly calling for QE4 a 'really, really good' economy is either a macroeconomic ignoramus and/or is lying/exaggerating for some hidden agenda.

 

[rightwinger]

Since liberals showed zero interest in all the good economic news for March, let's look at the Department of Larbor's Bureau of Labor Statistics (BLS) jobs report for March. Here are some key highlights:

* The economy added 196,000 new jobs, in spite of all the cold weather and snow storms, etc.

* The change in jobs for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. I bet you never heard about those revisions on CNN, MSNBC, etc., etc.

* Employment in construction rose by 16,000 jobs, and has increased by 246,000 over the past 12 months.

* Among the major worker groups, the unemployment rates were as follows: adult men (3.6 percent), adult women (3.3 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.7 percent), Asians (3.1 percent), and Hispanics (4.7 percent). These are historic lows for blacks, Hispanics, and women:

Unemployment rate of women in the U.S. 1990-2018 | Timeline

Why Credit for the Decline in Black Unemployment Goes to Trump, Not Obama | People's Pundit Daily

By the way, Hispanic unemployment never dropped below 5% before October 2017. Never.

Bureau of Labor Statistics Data

* In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February. Over the past 12 months, average hourly earnings have increased by 3.2 percent. Most of my pay raises have been 2.0-2.5%.

* Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $23.24 in March.

* The U-6 unemployment rate, aka the real unemployment rate, dropped again in March and is now down to 7.3%, down from 8.1% in January.

Table A-15. Alternative measures of labor underutilization

In fact, the U-6 rate is now lower than it was in 2005 and is approaching how low it was in 1999!

U6 Unemployment Rate

U6 Unemployment Rate | Portal Seven

But those statistics are fake, not only did the conservitards tell us that for almost a decade but tRump said so too.

The true number of unemployed is closer to 170 million

I refuse to work.

Me too
I am part of the 170 million unemployed

 

[rightwinger]

Since liberals showed zero interest in all the good economic news for March, let's look at the Department of Larbor's Bureau of Labor Statistics (BLS) jobs report for March. Here are some key highlights:

* The economy added 196,000 new jobs, in spite of all the cold weather and snow storms, etc.

* The change in jobs for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. I bet you never heard about those revisions on CNN, MSNBC, etc., etc.

* Employment in construction rose by 16,000 jobs, and has increased by 246,000 over the past 12 months.

* Among the major worker groups, the unemployment rates were as follows: adult men (3.6 percent), adult women (3.3 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.7 percent), Asians (3.1 percent), and Hispanics (4.7 percent). These are historic lows for blacks, Hispanics, and women:

Unemployment rate of women in the U.S. 1990-2018 | Timeline

Why Credit for the Decline in Black Unemployment Goes to Trump, Not Obama | People's Pundit Daily

By the way, Hispanic unemployment never dropped below 5% before October 2017. Never.

Bureau of Labor Statistics Data

* In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February. Over the past 12 months, average hourly earnings have increased by 3.2 percent. Most of my pay raises have been 2.0-2.5%.

* Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $23.24 in March.

* The U-6 unemployment rate, aka the real unemployment rate, dropped again in March and is now down to 7.3%, down from 8.1% in January.

Table A-15. Alternative measures of labor underutilization

In fact, the U-6 rate is now lower than it was in 2005 and is approaching how low it was in 1999!

U6 Unemployment Rate

U6 Unemployment Rate | Portal Seven

The Best Tax Cut Economics can do?
U.S. National Debt Clock : Real Time

Why are we running a trillion dollar deficit under a strong economy?

 

[mikegriffith1]

The Best Tax Cut Economics can do? U.S. National Debt Clock : Real Time

Uh, federal revenue has gone UP under the Trump tax cuts. So you can't blame the tax cuts for the deficit and the debt. The problem is that, even with the increase in revenue, we are spending so much money that we are still going into debt.

If we bring spending down to just below level of revenue, we will erase the deficit and can begin paying down the debt.

As for the stock market, when Trump took office on January 20, 2017, the Dow was at 19,827. It is now at 26.424, a gain of nearly 7,000 points in just over 2 years.