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Thread: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    The house and senate were held by democrats for Obamas first 2 years in office.
    111th United States Congress - Wikipedia, the free encyclopedia
    Quote Originally Posted by SenorXm/Sirius View Post
    Actually a president does get too much credit when the economy is good, and too much blame when it's bad. But still I will never forgive the GOP for what the pulled in 2009.

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    In eight years with world economies ahead of the US, it is only a matter of physics that sooner or later even Obama's economy will start upward...

    Under different circumstances the US would have led the 'recovery'
    ""You know, when we sell to other countries, even if they're allies -- you never know about an ally. An ally can turn."
    Donald Trump, 11/23/17

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by SenorXm/Sirius View Post
    The rate is calculated no different now then it has been for the last couple of decades. So there are no shenanigans going on with the rate.

    That said these are solid job gains. After 2008 I never thought we'd see the rate anywhere near 5% again.
    That is a fabrication, Obama has changed it and you are on a different scale than the countries around you. You count unemployed, the accurate stat is "jobless".....
    ""You know, when we sell to other countries, even if they're allies -- you never know about an ally. An ally can turn."
    Donald Trump, 11/23/17

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by Rearden View Post
    The house and senate were held by democrats for Obamas first 2 years in office.
    111th United States Congress - Wikipedia, the free encyclopedia
    Yes they did. Still doesn't forgive what the GOP did. What matters to me was that meeting and the video of McConnell saying the #1 priority of the GOP was making Obama a 1 term president. Not jobs, not fixing the collapsing economy. But the winning the wh. That's unforgivable to me.
    "Big or small, I don't like rabbits. They always look like they're about to say something, but they never do."
    Raj Koothrappali

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    The Crowd is not the sum of its parts.

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by Fearandloathing View Post
    That is a fabrication, Obama has changed it
    Link please?
    "Big or small, I don't like rabbits. They always look like they're about to say something, but they never do."
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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by Crovax View Post
    If you look at the actual birth rate the drop off of birth rate is in 1959 with a lesser drop in 1949 yet there is no correlation of that in the labor participation rate which continues to drop at a steady rate. If baby boomers were the cause you would see the labor participation rate start to level off in 2011 but that is not the case.
    What Baby Boomers’ Retirement Means For the U.S. Economy | FiveThirtyEight




    I may be wrong.

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    You realize that link is from 2012 and only talks about a region in Ohio?
    "Big or small, I don't like rabbits. They always look like they're about to say something, but they never do."
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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Looks like they left something out again.
    " Once again, the energy sector saw the heaviest job cutting in February, with these firms announcing 16,339 job cuts, due primarily to oil prices.

    Falling oil prices have been responsible for 39,621 job cuts, to date. That represents 38 percent of all recorded workforce reductions announced in the first two months of 2015. In February, 36 percent of all job cuts (18,299) were blamed on oil prices.

    “Oil exploration and extraction companies, as well as the companies that supply them, are definitely feeling the impact of the lowest oil prices since 2009. These companies, while reluctant to completely shutter operations, are being forced to trim payrolls to contain costs,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas."

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    Re: Payrolls Climb More Than Forecast, U.S. Jobless Rate at 5.5%

    Quote Originally Posted by Rearden View Post
    Looks like they left something out again.
    " Once again, the energy sector saw the heaviest job cutting in February, with these firms announcing 16,339 job cuts, due primarily to oil prices.

    Falling oil prices have been responsible for 39,621 job cuts, to date. That represents 38 percent of all recorded workforce reductions announced in the first two months of 2015. In February, 36 percent of all job cuts (18,299) were blamed on oil prices.

    “Oil exploration and extraction companies, as well as the companies that supply them, are definitely feeling the impact of the lowest oil prices since 2009. These companies, while reluctant to completely shutter operations, are being forced to trim payrolls to contain costs,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas."
    Lower gas prices will cause job cuts in the energy sector, but because lower gas prices mean more money in the pockets of consumers that is good for the rest of our economy.
    "Big or small, I don't like rabbits. They always look like they're about to say something, but they never do."
    Raj Koothrappali

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