This Is What Record-Low Unemployment Looks Like in America

KLATTU said:

"In towns where workers are scarce, employers are boosting pay and perks and stepping up recruiting—all while trying to avoid raising prices.

What will happen when the U.S. unemployment rate falls below 4 percent, which is expected to occur by this summer?"

https://www.bloomberg.com/news/feat...record-low-unemployment-looks-like-in-america

What will happen? Democrats will flip out and trip all over themselves trying to somehow credit Obama. LAFF

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BO does deserve some credit. He did something that greatly improved the economy and he ought to be recognized for it.

He left office, along with 1200+ leftists.

Velvet Elvis said:

So you're saying that all these jobs, tax cuts, record employment, business investments, etc. have absolutely nothing to do with Trump? I'm not calling the man Jesus, but it still seems that all these positives basically came from the fact that Frau Clinton isn't in office.

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Why? What did he do? How has the trajectory of the economy changed in the slightest? When President Obama took office we were hemorrhaging jobs at a pace close to 800,000 per month. He immediately passed a stimulus package, and the exact same month that the money from that package started making its way into the economy the economy turned around and started growing again. We've been added jobs for almost 90 consecutive months under President Obama as the unemployment rate fell from over 10% down to 5%.

Nothing has changed. We're still growing jobs at about the same pace. In fact, more Jobs were created in 2016, the last year of President Obama's term, than in 2017 the first year of Trump.
https://www.huffingtonpost.com/entry/job-creation-poll-trump-obama_us_5a500d19e4b003133ec7d809

So the trajectory of the economy is still exactly the same as it was pre-Trump. If nothing else you could argue it was worse in 2017 not better. The only significant piece of legislation that Trump and Republicans have passed which could have any realistic influence on the economy is the recent tax bill. But that bill only took effect a month and a half ago.

The private sector creates jobs. The government can stimulate or curtail the economy to a certain degree with economic policy, but the United States economy is a massive entity. It's like a freight train. You can't just stop it on a dime, and turn it any way you want whenever you want. What you are seeing today is still, by and large, a byproduct of the good work President Obama did over the course of his two terms.

Now going into this year we might start to see the effects of Trump, and as everyone knows massive deficit spending can be good for the economy in the short term. But realistically we already have very low unemployment, and wages are already rising. We don't need stimulus right now. We should be paying down the debt we legitimately had no choice, but to acquire when we were trying to get ourselves out of the hole. These tax cuts will likely overheat the economy. Either cause massive inflation or worse a bubble. If inflation begins to rise too fast the Fed will have no choice, but to raise interest rates and cool things down a bit. If that's the case why the hell did we need stimulus?

faithful_servant said:

Nope. you get to lay that blame where it belongs - with the increasingly liberal Congress during Pres. Bush's term in office.

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HAHAHA!!!!

So I guess that means we can blame the slow recovery on the increasingly conservative Congress during Pres. Obama's term in office right?

Velvet Elvis said:

Let's put your obviously biased and uncontrolled hatred aside.... So you're saying that all these jobs, tax cuts, record employment, business investments, etc. have absolutely nothing to do with Trump? I'm not calling the man Jesus, but it still seems that all these positives basically came from the fact that Frau Clinton isn't in office.

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What does that have to do with the graph posted two posts up? Please square the graph, with what you believe, and tell us, it's important.