Unemployment rate drops to lowest level in a decade in April as economy adds 211,000

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

CriticalThought said:

I will give Trump as much credit for it as you have Obama.

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I give Obama all the credit for Trump and the GOP Congress

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Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Mr. Invisible said:

The hell does Clinton have to do with anything? I don't even like Clinton.

Low paying jobs actually aren't particularly good as it seems we are going to have a generation where the majority of people won't be or will barely be able to make ends meet. That's not good for the future.

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Again...low paying jobs are better than No Jobs.


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Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Conservative said:

I noticed about you. Facts get in your way, Obama left us with a 9.4 U6 rate and 1.6 GDP thus giving us a President who keeps his prom9

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You noticed that I ignore unproven allegations. Good for you. I noticed that, when the unemployment rate started down during the Obama administration, the numbers were "fake." Now that Trump is president, they are no longer "fake," and now we have to get creative about which numbers are used.

I also noticed that we don't have an economy run by the federal government. I've noticed that nations that have attempted to do so tend not to do very well financially.

Therefore, I've concluded that attributing economic growth or decline to the federal government is based on partisanship, and not on reality.

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Dittohead not! said:

You noticed that I ignore unproven allegations. Good for you. I noticed that, when the unemployment rate started down during the Obama administration, the numbers were "fake." Now that Trump is president, they are no longer "fake," and now we have to get creative about which numbers are used.

I also noticed that we don't have an economy run by the federal government. I've noticed that nations that have attempted to do so tend not to do very well financially.

Therefore, I've concluded that attributing economic growth or decline to the federal government is based on partisanship, and not on reality.

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The numbers were NEVER fake but context was ignored, underemployment and U6 ignored

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Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Conservative said:

There is no way you are going to give Trump any credit regardless of any positive results. Leftwing radicals never understood basic civics or the role of the Federal Govt. and you are no different.

What you and the left will continue to ignore is the U-6 rate which is now 8.6% and the number of discouraged workers which is 455K. More people are entering the work force and more people are finding full time positions rather than the Obama part time employment. My sincere thanks to Obama for having such poor performance and results that he gave us Donald Trump

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LOL unlike you Con, results matter to me. I am not like you who looks at the horrendous results of one President and tries to spin and shuffle to claim that it is better than a President with good results. You are the one who will never give credit where credit is due. If the economy is doing well in the fall and a year from now....then credit will be due to Trump. As it stands today....this is just further progress from the past 6 years where we have seen consistent job growth. Something that you wouldn't understand....or if you did, you would deny and shuffle.

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

disneydude said:

LOL unlike you Con, results matter to me. I am not like you who looks at the horrendous results of one President and tries to spin and shuffle to claim that it is better than a President with good results. You are the one who will never give credit where credit is due. If the economy is doing well in the fall and a year from now....then credit will be due to Trump. As it stands today....this is just further progress from the past 6 years where we have seen consistent job growth. Something that you wouldn't understand....or if you did, you would deny and shuffle.

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Really? You ignored Obama's results which were worse than Bush's and ignored that like Bush Obama lost the Congress and the WH.

There is nothing Trump can do to earn your support because actual results in context don't matter as you will always buy rhetoric from the left

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Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Conservative said:

There is no way you are going to give Trump any credit regardless of any positive results. Leftwing radicals never understood basic civics or the role of the Federal Govt. and you are no different.

What you and the left will continue to ignore is the U-6 rate which is now 8.6% and the number of discouraged workers which is 455K. More people are entering the work force and more people are finding full time positions rather than the Obama part time employment. My sincere thanks to Obama for having such poor performance and results that he gave us Donald Trump

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Under Obama, the U-6 was going down, the number of discouraged was going down, the labor force was going up, and full time jobs were going up. Those trends all continue under Trump. which is no surprise to anyone as labor force numbers are lagging indicators.

I really don't get how you think things have changed under Trump.

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Conservative said:

Really? You ignored Obama's results which were worse than Bush's and ignored that like Bush Obama lost the Congress and the WH.

There is nothing Trump can do to earn your support because actual results in context don't matter as you will always buy rhetoric from the left

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Thank you for proving my point Con. You are the only one I know who tries to claim that Bush's results were better than Obama. Bravo for being the only one incapable of understanding results.

You have called GWB an "economic genius".....so that right there tells everyone everything that they need to know about the reality that you live in.

And again.....unlike you, who is completely incapable of ever admitting you are wrong....if the economy is still doing well come Nov/Dec......Trump will deserve some of the credit because by then, his policies will have begun to take effect on the economy. Years ago in LA we had a Republican mayor (Richard Riordan) whom I didn't vote for during his first term. I wasn't happy with the result of the election, but by the end of his first term, he earned my support and I voted for him for his second term. I actually would have voted for him for Governor, if Republicans hadn't been so foolish as to support a hard-right wacko in the primaries (who ended up being trounced in the GE by Gray Davis...a Democrat whom I would never have voted for).....

If the economy takes a dive....I suspect that you will do one of two things: You will either claim that that economy is booming and Trump is an "economic genius" for leading us to economic Utopia (despite what the results say)....or you will admit the results but claim it is all the fault of the Democrats....who as you know, don't control congress or the whitehouse...but somehow, in your mind...it will be their fault. You are too transparent Con....we all can see right through ya.

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Conservative said:

The numbers were NEVER fake but context was ignored, underemployment and U6 ignored

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OK, then, let's take a look at U6. What do we conclude from this graph?

[h=1]Unemployment Rate - U6[/h][h=2]2000 - 2017[/h]

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

ludin said:

I am not getting excited for this reason.

All of this excitement hinges on trump getting his tax plan pushed through and lowering taxes on everyone.
That is why all of this activity is occurring. If it is stalled or if it is stopped and dies you can see
This quickly turn around.

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So far so good however as he has and continues to keep his promises. The problem is the Congress which it always is. Republicans simply do not understand how to lead.

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Trump has not passed any meaningful legislation that affects the economy, unlike Obama, so I can't see how anyone can give him "credit" for the numbers. Maybe people are hopeful that he will lower business taxes and reduce the burden of providing health care on small businesses, but he hasn't done that yet so how much credit should a flip flopping falsifying braggart get for saying things he probably won't ever do? Besides, as others have said, presidents dont run the economy. The Federal Reserve has more influence than the President and Obama's appointee is still managing it.

I do think some of Obama's regulations have negative economic effects. Nothing is free so improving the security of our banking system and health care system will come at a cost. Dodd-Frank and Obamacare can be improved. Our tax laws can definitely be improved. I trust this President and Congress to do that about as much as I trust my cousin Hector when he says he saw Big Foot and has proof the moon landing was faked.

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

pinqy said:

Under Obama, the U-6 was going down, the number of discouraged was going down, the labor force was going up, and full time jobs were going up. Those trends all continue under Trump. which is no surprise to anyone as labor force numbers are lagging indicators.

I really don't get how you think things have changed under Trump.

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And yet Obama lost the House in 2010, 2012 and the Congress in 2014-2016. Seems the people don't see it your way. I am tired of arguing with you as you totally ignore context, yes the numbers were going down as population grew and the U-6 is still higher than it was when the recession began when Obama left office. There were 312 million Americans when the recession began and 146 million employed, that is 152 million when Obama left office on a population of 323 million and of those 146 million about 6 million were part time for economic reasons.

Things have changed because we have a President who keeps his promises, who has met with business and labor, who understands the private sector economy. Obama never did and he ignored it which is why he lost the Congress and prolonged the recession making it the worst recovery in history

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

disneydude said:

Thank you for proving my point Con. You are the only one I know who tries to claim that Bush's results were better than Obama. Bravo for being the only one incapable of understanding results.

You have called GWB an "economic genius".....so that right there tells everyone everything that they need to know about the reality that you live in.

And again.....unlike you, who is completely incapable of ever admitting you are wrong....if the economy is still doing well come Nov/Dec......Trump will deserve some of the credit because by then, his policies will have begun to take effect on the economy. Years ago in LA we had a Republican mayor (Richard Riordan) whom I didn't vote for during his first term. I wasn't happy with the result of the election, but by the end of his first term, he earned my support and I voted for him for his second term. I actually would have voted for him for Governor, if Republicans hadn't been so foolish as to support a hard-right wacko in the primaries (who ended up being trounced in the GE by Gray Davis...a Democrat whom I would never have voted for).....

If the economy takes a dive....I suspect that you will do one of two things: You will either claim that that economy is booming and Trump is an "economic genius" for leading us to economic Utopia (despite what the results say)....or you will admit the results but claim it is all the fault of the Democrats....who as you know, don't control congress or the whitehouse...but somehow, in your mind...it will be their fault. You are too transparent Con....we all can see right through ya.

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Unlike you I will judge Trump on his results in CONTEXT not the media or leftwing spin like you did with Obama. You see the results under Obama gave us Trump and the GOP Congress which of course you ignore. What I see is a partisan leftwing hack who has no understanding of economics, civics, or the true role of the Federal Govt. I see a partisan who doesn't know how to do research or even read the actual results of elections. Yes, I can see right through partisans like you

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Dittohead not! said:

OK, then, let's take a look at U6. What do we conclude from this graph?

[h=1]Unemployment Rate - U6[/h][h=2]2000 - 2017[/h]

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Pretty simple to conclude that U-6 that Obama generated is worse than anything Bush had and Obama did it by adding 9.4 trillion to the debt. Bringing the U-6 down to a level higher than when the recession began isn't an accomplishment to be touted except by people who have such low expectations. I expected more from you

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Conservative said:

And yet Obama lost the House in 2010, 2012 and the Congress in 2014-2016. Seems the people don't see it your way.

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What do you think "my way" is? Everything I wrote was the absolute undeniable truth.

I am tired of arguing with you as you totally ignore context, yes the numbers were going down as population grew and the U-6 is still higher than it was when the recession began when Obama left office. There were 312 million Americans when the recession began and 146 million employed, that is 152 million when Obama left office on a population of 323 million and of those 146 million about 6 million were part time for economic reasons.

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the irony is that you are the one ignoring context. Total population is irrelevant when discussing employment, and you constantly shift time frames to whatever supports your pre-determined conclusion.

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

vash1012 said:

Trump has not passed any meaningful legislation that affects the economy, unlike Obama, so I can't see how anyone can give him "credit" for the numbers.

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That sort of thing didn't seem to bother the left when you guys gave credit to Obama for ending the great recession which, by the way, ended in the second quarter of 2009 before anything he put into place had any effect.

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Fletch said:

That sort of thing didn't seem to bother the left when you guys gave credit to Obama for ending the great recession which, by the way, ended in the second quarter of 2009 before anything he put into place had any effect.

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What in the H E double hockey sticks are you talking about? They passed ARRA in February. You know, the 800 billion dollar stimulus package. I don't give Obama sole credit for ending anything other than the streak of white Presidents.

https://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

pinqy said:

What do you think "my way" is? Everything I wrote was the absolute undeniable truth.

the irony is that you are the one ignoring context. Total population is irrelevant when discussing employment, and you constantly shift time frames to whatever supports your pre-determined conclusion.

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What is relevant is Obama lost the House in 10, failed to regain it in 12, lost the entire Congress in 14 and 16 so apparently I have a better understanding of context than you.

Charts showing a reduction in U6 ignores the rise after the stimulus and very poor recovery. Americans voted their pocketbook as usual so again context is something that you don't understand

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Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Conservative said:

What is relevant is Obama lost the House in 10, failed to regain it in 12, lost the entire Congress in 14 and 16 so apparently I have a better understanding of context than you.

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So your claim is that we cannot know how the labor market is doing except by looking at how people vote? That's ridiculous. You would have to assume that the labor market was the only issue and that the voters all had an accurate understanding of it.

Charts showing a reduction in U6 ignores the rise after the stimulus and very poor recovery.

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Because the U6 is not supposed to measure effects of a stimulus or be the sole indicator of a recovery.

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

pinqy said:

So your claim is that we cannot know how the labor market is doing except by looking at how people vote? That's ridiculous. You would have to assume that the labor market was the only issue and that the voters all had an accurate understanding of it.

Because the U6 is not supposed to measure effects of a stimulus or be the sole indicator of a recovery.

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So tell me why with what you claim are better results than I am pointing out did Obama lose the House, the Congress?

Obviously the electorate is wrong and you right

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Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Conservative said:

So tell me why with what you claim are better results than I am pointing out did Obama lose the House, the Congress?

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Because the national labor market was not the only or even the main factor in the elections. And Obama himself was reelected in 2012. So which elections am I supposed to look at? And if people vote out their representative, should I be looking at the national or the local labor market?

While the economy is always a major factor in elections, it's amazingly dumb to use an election to analyze actual effects of the labor market.

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

pinqy said:

Because the national labor market was not the only or even the main factor in the elections. And Obama himself was reelected in 2012. So which elections am I supposed to look at? And if people vote out their representative, should I be looking at the national or the local labor market?

While the economy is always a major factor in elections, it's amazingly dumb to use an election to analyze actual effects of the labor market.

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What elections? The 2010 Congressional Election, the 2012 Congressional Elections, the 2014 Congressional Elections, and the 2016 Congressional Elections. Those are the elections that matter in a country that has a constitution. You seem to look at numbers but ignore basic civics and the Constitution. Congress makes the laws, Congress spends the money, and the President provides leadership. Obama had no leadership skills, no understanding of the private sector, and no management skills. The results led to the election results that matter, the Congressional elections.

What is dumb is ignoring how the poor labor numbers rose AFTER the stimulus was passed for shovel ready jobs and what is dumb is posting a decline in numbers from highs generated during the Obama term. What is also dumb is ignoring the pre recession numbers and the policies implemented that affected those numbers.

You seem to have very low standards in analyzing the numbers Obama generated. He was hired to get us to pre recession numbers and failed. The U-6 numbers show that and most of the jobs gained were low income jobs and major increases in the under employed. Someone who claims to understand BLS should know that

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

sanman said:

Unemployment is at a decadal low as the US economy adds over 200,000 jobs :

https://www.washingtonpost.com/news...if-it-doesnt-that-could-be-cause-for-concern/



There you go, Trump-haters, more proof of the Trump Bump

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Whatever.

Like I said when Obama was in office...the U-3 is a joke.

Even the Fed thinks so.

They claim to be data dependent and they long stated that the 6.5% U-3 rate was the point they would start raising rates. But when the rate went below 6.5% - the Fed started talking about not counting the U-3 as the definitive word on employment. And as the months/years have passed, they have stated over and over how they have less and less regard for it.

The U-3 is a joke...it was designed to make the official unemployment rate look loser than it really is. Like I have said many times, the U-3 would say it is 0.0% unemployment when only one American is working while EVERYONE else is unemployed and given up looking for work. That is how ridiculous the stat is. Totally useless.

If you must look to the seriously flawed BLS for data on jobs - look at the Employment-Population Ratio



https://data.bls.gov/timeseries/LNS12300000

It is still nowhere NEAR where it was before the 'Great Recession'.

This despite ZIRP and well over $12 trillion dollars thrown at it by deficits and the Fed since the beginning of the GR.

And what is Trump doing? The same nonsense.

Leave the Fed alone, massive deficits (probably larger than Obama's), trickle down tax cuts and government stimulus (his trillion dollar infrastructure plan).

And though he will save money by dumping Obamacare (if his bill passes the Senate), he is apparently doing something even stupider with his protectionism obsession.

If either you Obamabots OR you Trumpbots think your respective 'boys' have the remotest clue how to run an economy...think again.

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

Conservative said:

What elections? The 2010 Congressional Election, the 2012 Congressional Elections, the 2014 Congressional Elections, and the 2016 Congressional Elections.
Those are the elections that matter in a country that has a constitution. You seem to look at numbers but ignore basic civics and the Constitution. Congress makes the laws, Congress spends the money, and the President provides leadership. Obama had no leadership skills, no understanding of the private sector, and no management skills. The results led to the election results that matter, the Congressional elections.

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And yet you don't think the Presidential election mattered? If he was so bad, why was he reelected (not that I voted for him)?

But again, those elections don't tell us how the labor market was doing.

What is dumb is ignoring how the poor labor numbers rose AFTER the stimulus was passed for shovel ready jobs

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How is that relevant to discussing the labor market trends in 2016 and 2017? I'm also ignoring the rise in oil prices in the 1970's

and what is dumb is posting a decline in numbers from highs generated during the Obama term.

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Why is that dumb? Isn't that what you're doing?

What is also dumb is ignoring the pre recession numbers and the policies implemented that affected those numbers.

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I'm not discussing policies at all. I'm not talking politics, I'm talking facts. And the pre recession numbers are not relevant in discussing what's happening in 2017

You seem to have very low standards in analyzing the numbers Obama generated.

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I'm not sure what you mean. I'm not applying any standards or judging quality.

The U-6 numbers show that and most of the jobs gained were low income jobs and major increases in the under employed.

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Untrue.

The disconnect here is that I am only talking about the numbers. You want to talk politics and assign blame.

Re: Unemployment rate drops to lowest level in a decade in April as economy adds 211,

=pinqy;1067171635]And yet you don't think the Presidential election mattered? If he was so bad, why was he reelected (not that I voted for him)?

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Because there are a lot of people who buy rhetoric and ignore substance. Romney ran a terrible campaign and that cost him the election and it was the American Idol voter that voted for Obama liking his personality but ignoring his results

But again, those elections don't tell us how the labor market was doing.

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Sorry but yes they do, the American people always vote their pocket books. You point to the reduction in the U-6 ignoring the rise in the U-6 to historical highs then give Obama credit for reducing the artificially high numbers. The people get it, you apparently don't

How is that relevant to discussing the labor market trends in 2016 and 2017? I'm also ignoring the rise in oil prices in the 1970's

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Obama ran on implementing a stimulus package to get people employed, he failed, 842 billion for what? Employment was 142 million when he took office and signed the stimulus, two years later it was 139 million. That isn't much of a success or return on investment

Why is that dumb? Isn't that what you're doing?

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Not at all, I understand civics as well as economics, you understand numbers but not context. Trump took over an economy that was at 1.6% GDP growth and 9.6% U-6. That number is well under 9% now. How do you explain it? Obama? Yes, his policies gave us Trump

I'm not discussing policies at all. I'm not talking politics, I'm talking facts. And the pre recession numbers are not relevant in discussing what's happening in 2017

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You are talking pure numbers not context and yes Pre recession numbers are quite relevant as are people's pocket books. Ignoring the U-6 rate pre recession and now 9.4 trillion dollars in debt later is what the left does playing with those numbers. The people spoke in the Congressional elections and always do. They did it in 2006 when Bush lost the Congress