Sorry, but no. I would not consider that to be a significant change in trajectory. Certainly not worth increasing the deficits or starting a trade war to obtain such a small blip. In fact, given that we were already pushing full employment before Trump took office what you're calling a change in trajectory could very easily be an economic bubble that will cause more long-term damage than it gives us.
Ummm... no sorry, but again these numbers are below what we saw in 2014 and 2015. You can talk about buybacks all you want, but the reality is that we're basically at full employment already. These numbers are fine, but they're nothing incredibly different than what we've seen over the last few years. In 2016 we had 4 months of job growth above 200k, including one above 300k. Bad weather in May of that year made it look less impressive. So basically what we're seeing is that in Trump's first-year job creation fell off significantly. Likely not entirely his fault as most of Obama's policies were still in place, but likely naturally caused by the fact that we were approaching full employment and reducing our deficits further.
HAHAHAHA!!!!
I may not have. I'll double check and revise as necessary.
But the argument that it's operating normally today isn't either. So all you're telling me is that the unusual measures that Obama and the Fed were taking in 2014/2015 were better than the unusual measures Trump and Republicans are taking today.
The unemployment rate isn't shrinking it's fluctuating. It was down to 3.8 earlier in the year. It went back up to 4.0, and now it's down to 3.9 again.
Under the basis that 215k is somewhere in between the high of 250k and the low of 185k. So it's well within the ranges we've seen recently. Not to mention the fact that the poor numbers in 2016 were almost certainly caused by bad weather in May. That's likely the case in part for 2017 as well.
That's pretty much exactly what I said.
A tenth of a percentage point doesn't seem like much, so this variation may not be important. It presumably indicates variations in the number of people looking for work, it would be affected by changes in the size of the labor force (people retiring and become adults).
Majority of the job gains this month was in manufacturing, leisure and hospitality wholesale trade and health care. Also temporary services ticked up again after two consecutive months of job losses in that industry. Not sure what that's about...
Jobs for the month of July were revised upward from 213K to 243K.
The unemployment rate dipped below 4.0% again, showing signs that there is still slack in the labor market.
