U.S. Added 266,000 Jobs in November; Unemployment at 3.5%

Conservative · Dec 8, 2019

Dittohead not! said:
Actually, I did post data earlier, and so did Three Goofs. You just don't want to acknowledge the fact that the economy has been steadily growing since about 2009, and Trump had nothing to do with it.

Steadily growing seems to have a different meaning to you, yes, the economy was growing but as you can see dollar growth was declining and Trump inherited 1.6% growth. There was economic malaise and yet your loyalty to the Democratic economic policies shows true ignorance of the results.

GDP Growth 2013 to 2018

2013 16974.9
2014 17521.7 736.8
2015 18129.3 607.6
2016 18707.2 577.8
2017 19485.4 778.2
2018 20494.1 1008.7

Conservative · Dec 8, 2019

Dittohead not! said:
You can not show that the economy grew at 1.6% during the eight years of the Obama Administration, then suddenly started to grow faster during the three years of the Trump Administration.

Just did as does BEA.gov

Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product
[Percent]
Bureau of Economic Analysis
Last Revised on: November 27, 2019 - Next Release Date December 20, 2019

Line 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Line
1 Gross domestic product -2.5 2.6 1.6 2.2 1.8 2.5 2.9 1.6 2.4 2.9

Are you mature enough to admit when wrong?

Conservative · Dec 8, 2019

Re: U.S. Adds 266,000 Jobs in November

Threegoofs said:
I know exactly what this chart says.

And it’s pretty much the opposite of what you claim.

I do love how you pretend that the GOP didn’t actively skyrocket debt while in 2009, debt soared because of lost tax revenue secondary to the recession. That’s so delusional it isn’t even funny, and it’s why I generally ignore all your vapid posts.

It show that you have no understanding of data or context. What is it about liberalism that creates this passion and ignorance

Conservative · Dec 8, 2019

Threegoofs said:
[emoji849]

Pretty chart, how many of those jobs were part time jobs? Why doesn't this spreadsheet resonate with you

Labor Force Statistics from the Current Population Survey
Original Data Value

Series Id: LNS12032194
Seasonally Adjusted
Series title: (Seas) Employment Level - Part-Time for Economic Reasons, All Industries
Labor force status: Employed
Type of data: Number in thousands
Age: 16 years and over
Hours at work: 1 to 34 hours
Reasons work not as scheduled: Economic reasons
Worker status/schedules: At work part time
Years: 2008 to 2019

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008 4846 4902 4904 5220 5286 5540 5930 5851 6148 6690 7311 8029
2009 8046 8796 9145 8908 9113 9024 8891 9029 8847 8979 9114 9098
2010 8530 8936 9233 9178 8845 8577 8500 8800 9246 8837 8873 8935
2011 8470 8464 8645 8652 8576 8427 8281 8788 9166 8657 8447 8171
2012 8305 8238 7775 7913 8101 8072 8082 7974 8671 8203 8166 7943
2013 8151 8178 7722 7964 7937 8103 8099 7816 7764 7936 7718 7827
2014 7296 7299 7435 7509 7254 7422 7402 7177 7020 7025 6898 6856
2015 6808 6671 6629 6608 6628 6383 6249 6423 6043 5811 6174 6084
2016 5941 5978 6066 6006 6467 5748 5926 5995 5918 5971 5738 5621
2017 5753 5603 5455 5279 5234 5266 5281 5237 5179 4912 4866 4986
2018 4982 5115 4969 4952 4920 4736 4588 4368 4656 4630 4781 4657
2019 5147 4310 4499 4654 4355 4347 3984 4381 4350

Luther · Dec 8, 2019

Conservative said:
Steadily growing seems to have a different meaning to you, yes, the economy was growing but as you can see dollar growth was declining and Trump inherited 1.6% growth. There was economic malaise and yet your loyalty to the Democratic economic policies shows true ignorance of the results.

GDP Growth 2013 to 2018

2013 16974.9
2014 17521.7 736.8
2015 18129.3 607.6
2016 18707.2 577.8
2017 19485.4 778.2
2018 20494.1 1008.7

and Trump inherited 1.6% growth

When will we see the 4,5 and even 6% growth that the Trump Rhetoric was mouthing off about?

I'm still waiting

*Sigh*

Trump: We're Going To See Economic Growth Of 4, 5 And Maybe 6 Percent | Video | RealClearPolitics

PeteEU · Dec 8, 2019

Re: U.S. Adds 266,000 Jobs in November

Conservative said:
Not normally, how did Reagan do it? you keep telling us that the GOP refused to work with Obama prior to taking control, what policies did Obama want during that term that the GOP rejected, the stimulus? ACA? My selective outrage comes from the official results your outrage comes at me pointing those out because that isn't what you want to believe. Why such loyalty to Obama and those poor results?

Different times, and he was white vs Democrats who generally dont care about skin colour. GOPers do. Also again, DIFFERENT TIMES! Reagan increased military spending massively, ballooned the deficit and debt.

I have no loyalty to Obama, only to facts and the truth. Reagan did not have millions of boomers retiring putting a strain on SS and Medicare. Obama did. Reagan did not have an economic meltdown, Obama did.

I haven't called you a socialist, I have refuted your data and opinions with facts and context. Seems you are having a problem understanding the spreadsheet, how can I help you? what is it in those spreadsheets that you don't understand? You want to believe the job creation was the same, numbers wise you call a part time job for economic reasons the same as a full time job and you call a job returning that was lost a new job created. Both are false. Why are you ignoring that only 6 million new jobs were created in 9 years, the last Bush year and 8 Obama years?

What spreadsheet? You are showing a few lines of numbers with very little context or source.

Yes, they are better than no job at all but not equal to full time jobs and by definition a part time job for economic reasons is a person looking for a full time job and couldn't find one. That is an indictment of the Obama economy and shows failure

No it shows that Obama had a collapsed economy that took time to heal, which it did. Your problem is you expect economies to heal in a year or two after such a shock.. they dont, and never have. And they especially dont when one political party refuses to work with a black man in the White House from day one.
.

The show exactly what I stated, the Obama recovery from a major recession was the worst in history and were blown away by the Trump economy. they show exactly what I stated, economic malaise, 6 million jobs created in 9 years, part time employment for economic reasons and the real unemployment number the u-6 higher than it was when the recession started.

There is NO TRUMP RECOVERY for **** sake.. he took over at 4.5% unemployment with good growth..

Conservative · Dec 8, 2019

Luther said:
When will we see the 4,5 and even 6% growth that the Trump Rhetoric was mouthing off about?

I'm still waiting

*Sigh*

Trump: We're Going To See Economic Growth Of 4, 5 And Maybe 6 Percent | Video | RealClearPolitics

No idea nor do I care, you focus on rhetoric and I focus on results. The first three year of Trump have been the best of any President in history. Any clue as to what 7 interest rate hikes from 2017-2018 did to GDP Growth? Do you know the components of GDP? Didn't think so!

Luther · Dec 8, 2019

Conservative said:
No idea nor do I care, you focus on rhetoric and I focus on results. The first three year of Trump have been the best of any President in history. Any clue as to what 7 interest rate hikes from 2017-2018 did to GDP Growth? Do you know the components of GDP? Didn't think so!

and I focus on results.

Again, where is the 4,5 and even 6% growth promised by Trump?

Where is the results?

The first three year of Trump have been the best of any President in history.

This sir is just an opinion of yours(Nothing more)

These job numbers where the same during the Nixon era?

Any clue as to what 7 interest rate hikes from 2017-2018 did to GDP Growth?

Scapegoat alert!

Conservative · Dec 8, 2019

Re: U.S. Adds 266,000 Jobs in November

PeteEU said:
Different times, and he was white vs Democrats who generally dont care about skin colour. GOPers do. Also again, DIFFERENT TIMES! Reagan increased military spending massively, ballooned the deficit and debt.

I have no loyalty to Obama, only to facts and the truth. Reagan did not have millions of boomers retiring putting a strain on SS and Medicare. Obama did. Reagan did not have an economic meltdown, Obama did.

What spreadsheet? You are showing a few lines of numbers with very little context or source.

No it shows that Obama had a collapsed economy that took time to heal, which it did. Your problem is you expect economies to heal in a year or two after such a shock.. they dont, and never have. And they especially dont when one political party refuses to work with a black man in the White House from day one.
.

There is NO TRUMP RECOVERY for **** sake.. he took over at 4.5% unemployment with good growth..

So when all else fails bring up race, why is it that Democrats are losing African American votes as this "racist" President has generated a 5.5% African American unemployment rate, down 2.2% from what Obama left him with

You like far too many focus on the bottom line and not context. Do you know that part time for economic reason employees are included in the employment numbers? Any idea what a part time for economic reason employee is?

Seems that the left that called this the "worst recession since the Great Depression" are willing to settle for an average growth rate of 2% during Obama's term, 4.2 trillion added to GDP, 9.3 trillion added to the debt. It is amazing how low your standards and the standards of the left is. There is a reason that Obama got 4 million fewer votes in 2012 and the Republicans retained the House then won the Congress in 2014, Let's see if you can figure out why? Context matters, not the bottom line

Interesting how that "collapsed economy" was solely created by Bush with a Democratic Congress from January 2007. Apparently Congress that controls the purse strings and legislative process was powerless under the Bush leadership, is that your contention? How is it that the recession ended in June 2009? Let's see if you can understand the following and have a calendar in front of you?

What Ended the Great Recession?

MTAtech · Dec 8, 2019

Bullseye said:
Yeah, at an average of under 2%, even with the kick start recovering from a recession SHOULD HAVE given him. His last year was 1.6%. Trump scored 2.4% and 2.9% to go along with a 45% gain in the stock market. And the return of all those manufacturing jobs Obama said were never coming back.

Hmmm...

There were two quarters in 2018 that had oversized growth due to the sugar rush of tax-cuts. That quickly returned to the 2% growth we've seen for years but the debt created from those tax cuts lives on. Bottom Line: there was no Trump miracle with respect to growth. Just remember, this is the guy that said he'd give us 6% growth.

Conservative · Dec 8, 2019

Luther said:
Again, where is the 4,5 and even 6% growth promised by Trump?

Where is the results?

This sir is just an opinion of yours(Nothing more)

These job numbers where the same during the Nixon era?

Scapegoat alert!

So you were willing to settle and want to tout the Obama economic results coming off the "worst recession since the Great Depression"? Results really don't matter to you as your passion for liberalism trumps reality and those actual results. You and others just don't seem mature enough to admit being wrong

Luther · Dec 8, 2019

Conservative said:
So you were willing to settle and want to tout the Obama economic results coming off the "worst recession since the Great Depression"? Results really don't matter to you as your passion for liberalism trumps reality and those actual results. You and others just don't seem mature enough to admit being wrong

So you were willing to settle and want to tout the Obama economic results

I knew it!

Obama was coming in there somewhere(Rolling eyes)

Hey guy, if you haven't noticed, Obama isn't Prez anymore

MTAtech · Dec 8, 2019

Re: U.S. Adds 266,000 Jobs in November

Conservative said:
So when all else fails bring up race, why is it that Democrats are losing African American votes as this "racist" President has generated a 5.5% African American unemployment rate, down 2.2% from what Obama left him with

That's a dishonest post. Trump has done nothing policywise to decrease African American unemployment. AA unemployment moves with general unemployment, which has been declining steadily for over ten years. Trump is the rooster taking credit for the sun rising.

Conservative said:
Seems that the left that called this the "worst recession since the Great Depression" are willing to settle for an average growth rate of 2% during Obama's term, 4.2 trillion added to GDP, 9.3 trillion added to the debt. It is amazing how low your standards and the standards of the left is. There is a reason that Obama got 4 million fewer votes in 2012 and the Republicans retained the House then won the Congress in 2014, Let's see if you can figure out why? Context matters, not the bottom line

Economic growth is no better now than under Obama -- even with the massive tax-cuts to the rich that was supposed to skyrocket growth and business investment. What you called mediocre growth under Obama, is what we have now -- except that when it's Trump's, it's miraculous.

Conservative said:
Interesting how that "collapsed economy" was solely created by Bush with a Democratic Congress from January 2007. Apparently Congress that controls the purse strings and legislative process was powerless under the Bush leadership, is that your contention? How is it that the recession ended in June 2009? Let's see if you can understand the following and have a calendar in front of you?

What Ended the Great Recession?

This is among your most dishonest posts, among a cadre of dishonest posts. The Republicans held the House for 14 years, then in January 2007, the Democrats took over. Somehow, the financial crisis that was building you "solely" saddle with the Democrats -- absent any laws the Democrats passed to cause the recession. And yes, the House initiates spending and does pass bills but they don't do it solely. The Senate must pass it too and then President Bush sign it. Again, it's completely dishonest to lay the recession at the feet of Democrats.

Your article is also dishonest -- implying that the Stimulus Bill had no effect. That is completely refuted by both public and private economists:
What Debate? Economists Agree the Stimulus Lifted the Economy
"The Initiative on Global Markets at the University of Chicago — hardly a hotbed of liberal or Keynesian thought — regularly surveys a number of the leading American economists about a variety of policy issues. The economists surveyed constitute a good sample of the leading economists in the nation, and the panel was chosen to be geographically diverse, to include older and younger economists, and importantly, to include Democrats, Republicans and independents. The most important qualification is that these are top-notch economists: senior faculty at the leading economics departments in the United States who are also vitally interested in public policy.

Recently each of these eminent economists was asked whether the unemployment rate was lower at the end of 2010 than it would have been without the stimulus bill. Of the 44 economists surveyed, 37 responded, yielding a healthy response rate of 84 percent.

Among those who responded, 36 agreed that the stimulus bill had lowered the unemployment rate, while one disagreed. That lone disagreeing economist, Harvard’s Alberto Alesina (who was one of my thesis advisers), has been a virulent opponent of the stimulus, although the research that he’s based this upon has come under sustained criticism, particularly from the International Monetary Fund, which views the study as flawed."

pinqy · Dec 8, 2019

Re: U.S. Adds 266,000 Jobs in November

Conservative said:
Then of course there is this information which you want to ignore as well,

So 152.1 million including 5.7 million part time for economic reasons. Trump 158.6 million with 4.4 million part time for economic reasons. Seems that metric doesn't resonate with anyone including you.

You like to switch time frame around. Let’s see if you can focus.
Trump’s first 34 months, total employment went from 152,128,000 to 158,193,000. Change of 6,465,000.
Part time for economic reasons went from 5,753,000 to 4,322,000. Change of -1,431
Obama’s last 34 months, total employment went from 145,648,000 to 152,128,000. Change of 6,480,000
Part time for economic reasons went from 7,435,000 to 5,753,000. Change of -1,682,000

So..... has Trump’s first 34 months change in employment and part time for economic reasons been better, worse, or the same as the immediately prior 34 months?
The answer is “the same.”

Do you dispute this fact?

Threegoofs · Dec 8, 2019

Conservative said:
Pretty chart, how many of those jobs were part time jobs? Why doesn't this spreadsheet resonate with you

The other graph shows...the exact same trend for full and part time jobs.

Guess you missed it because I’ve only posted it a dozen times.

Dittohead not! · Dec 8, 2019

Bullseye said:
I'm picking a continuous stream of quarters - that's how the world works. One day follows the previous one, one quarter follows the previous one. The outgoing president doesn't get to choose which quarter or year he passes on, the calendar does that. So I'm talking consecutive years; Obama's last and Trump's follow up quarters. Oh, and Trump has only had two full years so far, his numbers from 2019 are still incomplete.

Then post a graph showing a sudden increase in growth during those two and a half years, or simply admit that the so called "Trump economy" is a myth.

MTAtech · Dec 8, 2019

Re: U.S. Adds 266,000 Jobs in November

pinqy said:
You like to switch time frame around. Let’s see if you can focus.
Trump’s first 34 months, total employment went from 152,128,000 to 158,193,000. Change of 6,465,000.
Part time for economic reasons went from 5,753,000 to 4,322,000. Change of -1,431
Obama’s last 34 months, total employment went from 145,648,000 to 152,128,000. Change of 6,480,000
Part time for economic reasons went from 7,435,000 to 5,753,000. Change of -1,682,000

So..... has Trump’s first 34 months change in employment and part time for economic reasons been better, worse, or the same as the immediately prior 34 months?
The answer is “the same.”

Do you dispute this fact?

Anyone who argues that Trump has improved the economy is relying upon ideology, not economics. One only needs to look at ten year charts to see that there has been not change in trajectory since Obama policies kicked in. Trump is benefiting from Obama policies, while his own policies -- tax-cuts and tariffs have been failures. Trump’s huge tax cut for corporations that was supposed to lead to a surge in investment. Instead, corporations pocketed the money, and business investment has been falling. At the same time, his trade war was supposed to shrink the trade deficit and revive U.S. manufacturing. But the trade deficit has widened, and manufacturing output is shrinking.

Dittohead not! · Dec 8, 2019

Conservative said:
Just did as does BEA.gov

Are you mature enough to admit when wrong?

Are you?
You post a jumble of numbers showing GDP growth in 2015 and in 2018 at 2.9% and claim that somehow backs up your absurd idea that the economy suddenly started to grow so much faster after Trump was elected. What your numbers show is a decline for a couple of years, then growth resumed.

and then your idea is based on the liberal notion that the president controls the economy. Our economy is really dependent on numerous factors, and on worldwide economic conditions, not on any policy promoted by the POTUS regardless of whether he's a Democrat or Republican.

Conservative · Dec 8, 2019

Luther said:
I knew it!

Obama was coming in there somewhere(Rolling eyes)

Hey guy, if you haven't noticed, Obama isn't Prez anymore

Yes I have noticed as has the American people, the business community and the Stock Exchange. Interesting how low the liberal standards are as 4.2 trillion added to the GDP in 8 years of which 842 billion was gov't stimulus spending, and 6 million jobs in 9 years coming off what was called the worst recession since the Great Depression is touted as a growing economy and good economic results.

Conservative · Dec 8, 2019

Re: U.S. Adds 266,000 Jobs in November

pinqy said:
You like to switch time frame around. Let’s see if you can focus.
Trump’s first 34 months, total employment went from 152,128,000 to 158,193,000. Change of 6,465,000.
Part time for economic reasons went from 5,753,000 to 4,322,000. Change of -1,431
Obama’s last 34 months, total employment went from 145,648,000 to 152,128,000. Change of 6,480,000
Part time for economic reasons went from 7,435,000 to 5,753,000. Change of -1,682,000

So..... has Trump’s first 34 months change in employment and part time for economic reasons been better, worse, or the same as the immediately prior 34 months?
The answer is “the same.”

Do you dispute this fact?

Nice job of focusing on selective numbers, Obama was hired to get us back to the Pre recession levels and he never did that on the U-6 or part time for economic reasons. The data you posted is indeed accurate HOWEVER context matters. The recession ended in June 2009 due to TARP and the Obama results were touted as the worst recovery from a major recession in U.S. History. I don't count a job lost that returns as a new job created. I do look at the total numbers 146 million employed January-April 2008 to 152 million January 2017 as 6 million new jobs created in those 8 years, 8 of which were Obama's and 2008-2011 the Democratic Congress along with Bush. Wasn't Obama part of that Democratic Congress?

Explain to me why 6 million jobs created in 9 years, 9.3 trillion added to the debt, 4.2 trillion in GDP growth in 8 years of which 842 billion was stimulus, and 4 million fewer votes in 2012 supports the liberal claim of a successful Obama administration? Here is what Trump inherited

GDP Growth 2013 to 2018

2013 16974.9
2014 17521.7 736.8
2015 18129.3 607.6
2016 18707.2 577.8
2017 19485.4 778.2
2018 20494.1 1008.7
2019 21337.9
1.
2016 GDP growth 1.6% annual vs 2.9% 2018 with those terrible tax cuts, 3.2% January thru March 2019

Unemployment Rate 4.7% January 2017 vs. 3.5% today

Employed 152,1 million January 2017 to 158.6 million today

U-6 in January 2017 9.3% vs 7.0% today?

Part time for economic reasons, 5.7 million January 2017 vs. 4.3 million today?

African American unemployment 7.7% vs. 5.5% today?

28k stock market up from 18+k on election day 2016

Remember those wonderful Obama years leaving Trump with a 1.6% GDP growth, declining GDP dollars and let's not forget adding 9.3 trillion to the debt with much of that gov't spending in those GDP numbers

Conservative · Dec 8, 2019

Threegoofs said:
The other graph shows...the exact same trend for full and part time jobs.

Guess you missed it because I’ve only posted it a dozen times.

As does the spreadsheet which shows actual numbers, you think all those part time for economic reason employees believe the Obama results were good? Actual numbers again trump percentage change but not in your world.

Conservative · Dec 8, 2019

Dittohead not! said:
Are you?
You post a jumble of numbers showing GDP growth in 2015 and in 2018 at 2.9% and claim that somehow backs up your absurd idea that the economy suddenly started to grow so much faster after Trump was elected. What your numbers show is a decline for a couple of years, then growth resumed.

and then your idea is based on the liberal notion that the president controls the economy. Our economy is really dependent on numerous factors, and on worldwide economic conditions, not on any policy promoted by the POTUS regardless of whether he's a Democrat or Republican.

I doubt anything is going to satisfy you including the declining GDP dollar growth and Treasury data showing the 1.6% GDP growth in 2016. You have bought the liberal spin and nothing ever changes the mind of a liberal including actual facts, logic, and common sense

danielpalos · Dec 8, 2019

Re: U.S. Adds 266,000 Jobs in November

Conservative said:
Nice job of focusing on selective numbers, Obama was hired to get us back to the Pre recession levels and he never did that on the U-6 or part time for economic reasons. The data you posted is indeed accurate HOWEVER context matters. The recession ended in June 2009 due to TARP and the Obama results were touted as the worst recovery from a major recession in U.S. History. I don't count a job lost that returns as a new job created. I do look at the total numbers 146 million employed January-April 2008 to 152 million January 2017 as 6 million new jobs created in those 8 years, 8 of which were Obama's and 2008-2011 the Democratic Congress along with Bush. Wasn't Obama part of that Democratic Congress?

Explain to me why 6 million jobs created in 9 years, 9.3 trillion added to the debt, 4.2 trillion in GDP growth in 8 years of which 842 billion was stimulus, and 4 million fewer votes in 2012 supports the liberal claim of a successful Obama administration? Here is what Trump inherited

GDP Growth 2013 to 2018

2013 16974.9
2014 17521.7 736.8
2015 18129.3 607.6
2016 18707.2 577.8
2017 19485.4 778.2
2018 20494.1 1008.7
2019 21337.9
1.
2016 GDP growth 1.6% annual vs 2.9% 2018 with those terrible tax cuts, 3.2% January thru March 2019

Unemployment Rate 4.7% January 2017 vs. 3.5% today

Employed 152,1 million January 2017 to 158.6 million today

U-6 in January 2017 9.3% vs 7.0% today?

Part time for economic reasons, 5.7 million January 2017 vs. 4.3 million today?

African American unemployment 7.7% vs. 5.5% today?

28k stock market up from 18+k on election day 2016

Remember those wonderful Obama years leaving Trump with a 1.6% GDP growth, declining GDP dollars and let's not forget adding 9.3 trillion to the debt with much of that gov't spending in those GDP numbers

I remember the Obama administration turning around a Recession and how those Trends have been continuing for around ten years or so.

Jack Hays · Dec 8, 2019

Re: U.S. Adds 266,000 Jobs in November

What Will It Take for Liberals to Admit an Economic Boom?
Andy Puzder, FOX News

Dittohead not! · Dec 8, 2019

MTAtech said:
Hmmm...

There were two quarters in 2018 that had oversized growth due to the sugar rush of tax-cuts. That quickly returned to the 2% growth we've seen for years but the debt created from those tax cuts lives on. Bottom Line: there was no Trump miracle with respect to growth. Just remember, this is the guy that said he'd give us 6% growth.

I already posted that second graph in this thread, but the Trump sycophants are immune to the facts it contains. They like alternate facts.

U.S. Added 266,000 Jobs in November; Unemployment at 3.5%

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