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The Trump Recovery Hits a Milestone

PragmaticOne

PragmaticOne

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The Trump recovery continues to amaze.

From the Wall Street Journal: “Initial jobless claims, a proxy for layoffs across the U.S., declined to a seasonally adjusted 203,000 in the last week of August, the Labor Department said Thursday. This is the lowest level of unemployment benefit applications since the end of 1969.

Though data can be volatile from week to week, the four-week moving average of claims, a steadier measure, also fell to a 49-year low, signaling overwhelming tightness in the U.S. labor market.

“Thursday’s jobless claims report is one of several sets of economic data pointing to late business-cycle strength in the economy. Economic growth in the second quarter was the strongest since 2014, and the manufacturing industry appears to be hitting a second wind, clocking the strongest growth in 14 years.”

And in case anyone wants to credit Obama, let's compare the slow plodding recovery that took seven and a half years to the Trump Recovery.
 

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PragmaticOne said:
The Trump recovery continues to amaze.

From the Wall Street Journal: “Initial jobless claims, a proxy for layoffs across the U.S., declined to a seasonally adjusted 203,000 in the last week of August, the Labor Department said Thursday. This is the lowest level of unemployment benefit applications since the end of 1969.

Though data can be volatile from week to week, the four-week moving average of claims, a steadier measure, also fell to a 49-year low, signaling overwhelming tightness in the U.S. labor market.

“Thursday’s jobless claims report is one of several sets of economic data pointing to late business-cycle strength in the economy. Economic growth in the second quarter was the strongest since 2014, and the manufacturing industry appears to be hitting a second wind, clocking the strongest growth in 14 years.”

And in case anyone wants to credit Obama, let's compare the slow plodding recovery that took seven and a half years to the Trump Recovery.
Click to expand...

I'm sorry but your graph is almost linear. How you can use that graph as proof of a "tRump" recovery must take some selective vision. The graph shows the recovery is continuing at the same rate since tRump as it was before tRump. If you draw a line between the first data point and the last data point you will notice that recovery was actually better under President Obama, years 14 and 15, than it has been since tRump took over.
 
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StuPedaso said:
I'm sorry but your graph is almost linear. How you can use that graph as proof of a "tRump" recovery must take some selective vision. The graph shows the recovery is continuing at the same rate since tRump as it was before tRump. If you draw a line between the first data point and the last data point you will notice that recovery was actually better under President Obama, years 14 and 15, than it has been since tRump took over.
Click to expand...

Can't stand the fact that Trump has the economy going so well, can you? I'm waiting for the but but but it's going in the same direction Obama had it going.
 
PragmaticOne said:
The Trump recovery continues to amaze.

From the Wall Street Journal: “Initial jobless claims, a proxy for layoffs across the U.S., declined to a seasonally adjusted 203,000 in the last week of August, the Labor Department said Thursday. This is the lowest level of unemployment benefit applications since the end of 1969.

Though data can be volatile from week to week, the four-week moving average of claims, a steadier measure, also fell to a 49-year low, signaling overwhelming tightness in the U.S. labor market.

“Thursday’s jobless claims report is one of several sets of economic data pointing to late business-cycle strength in the economy. Economic growth in the second quarter was the strongest since 2014, and the manufacturing industry appears to be hitting a second wind, clocking the strongest growth in 14 years.”

And in case anyone wants to credit Obama, let's compare the slow plodding recovery that took seven and a half years to the Trump Recovery.
Click to expand...

Wow. It's really rather bracing how you completely lack the ability to read a chart.
 
PragmaticOne said:
The Trump recovery continues to amaze.

From the Wall Street Journal: “Initial jobless claims, a proxy for layoffs across the U.S., declined to a seasonally adjusted 203,000 in the last week of August, the Labor Department said Thursday. This is the lowest level of unemployment benefit applications since the end of 1969.

Though data can be volatile from week to week, the four-week moving average of claims, a steadier measure, also fell to a 49-year low, signaling overwhelming tightness in the U.S. labor market.

“Thursday’s jobless claims report is one of several sets of economic data pointing to late business-cycle strength in the economy. Economic growth in the second quarter was the strongest since 2014, and the manufacturing industry appears to be hitting a second wind, clocking the strongest growth in 14 years.”

And in case anyone wants to credit Obama, let's compare the slow plodding recovery that took seven and a half years to the Trump Recovery.
Click to expand...

The chart shows a downward trajectory began in 2011 and it's been a downward trend ever since. No doubt the recovery likely would've happened sooner had it not been for republican obstructionism and threats to shut down the gubbamint cuz like, heaven forbid that a black man should get credit for saving the economy.
 
The Amazing Trump Recovery reminds me of Chump's amazing sexual prowess and the clump of hair-like substance on top of his bald pate. The Amazingness of it all fails to impress many of us.
 
StuPedaso said:
I'm sorry but your graph is almost linear. How you can use that graph as proof of a "tRump" recovery must take some selective vision. The graph shows the recovery is continuing at the same rate since tRump as it was before tRump. If you draw a line between the first data point and the last data point you will notice that recovery was actually better under President Obama, years 14 and 15, than it has been since tRump took over.
Click to expand...

I don't think the OP understand what linear means. I also don't think he understands that Obama inherited a recession and had a recovery. Trump inherited an expanding economy so there was no "recovery" under Trump.

And let's not forget the sheer absurdity of comparing Trump 2 easy years to Obama's 8 years that started in a recession. About six years into G.W. Bush's presidency the economy looked really good. It takes time to evaluate a presidency's effect on the economy. And so far, very little has changed.

And here is comparison based on unemployment of Obama vs Reagan recoveries. If you look at unemployment Obama compares pretty well.

obama-and-reagan-unemployment-chart.png
 
Moderate Right said:
Can't stand the fact that Trump has the economy going so well, can you? I'm waiting for the but but but it's going in the same direction Obama had it going.
Click to expand...

I could stand it, but as Prag's graph shows, tRump hasn't changed the rate of recovery at all. I guess I should thank Prag for proving that all the bloviating about the economy that tRump has been doing is just more of his bull****!
 
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StuPedaso said:
I could stand it, but as Prag's graph shows, tRump hasn't changed the rate of recovery at all.
Click to expand...

Maybe we should call it Trump's slow plodding recovery.
 
Moot said:
The chart shows a downward trajectory began in 2011 and it's been a downward trend ever since. No doubt the recovery likely would've happened sooner had it not been for republican obstructionism and threats to shut down the gubbamint cuz like, heaven forbid that a black man should get credit for saving the economy.
Click to expand...

But her emails!!!
 
Trippy Trekker said:
The Amazing Trump Recovery reminds me of Chump's amazing sexual prowess and the clump of hair-like substance on top of his bald pate. The Amazingness of it all fails to impress many of us.
Click to expand...

Aw, come on, the wonders of viagra and ciallis work for many men healthy enough to partake. Hair transplants and weaves do not leave one bald.

Don't worry your little mind, we are due for a correction, and it may have already started in the tech sector.
 
Replying to the original post... Nope, No way Obama gets credit for this.
This is all Trump's....

More Americans now employed than ever recorded in our history
Manufacturing jobs growing at the fastest rate in more than 3 decades
Coal exports up 60 percent and U.S. oil production hitting an all-time high
Breakthrough trade deals-in-principle with Mexico and the E.U.
Median household income hitting the highest level ever recorded
 
StuPedaso said:
I'm sorry but your graph is almost linear. How you can use that graph as proof of a "tRump" recovery must take some selective vision. The graph shows the recovery is continuing at the same rate since tRump as it was before tRump. If you draw a line between the first data point and the last data point you will notice that recovery was actually better under President Obama, years 14 and 15, than it has been since tRump took over.
Click to expand...
I'll take WSJ's views and opinions over yours. Not that the trace of a single metric such as jobless claims is unquestionable proof of anything. That said reaching the lowest level of unemployment claims since 1969 is pretty damn impressive considering the growth in the workforce since then. As is the moving average at a 49 year low.

You guys can trot out on the clichéd Obama excuses you want but the fact is the economy turned over to Trump on January 20 2017 was a gasping, wheezing sub 2% - as it had been through most of his administration. Blather all you want about what he "inherited" economies recover; you guys act like the entire economy was going to zero had not The Anointed One heroically stepped into is BS. Job losses peaked and started coming back in early spring 2009 - before Obama even new where the men's room was in the West Wing. And GDP turned upward before the first shovel could be purchased.
 
Bullseye said:
I'll take WSJ's views and opinions over yours. Not that the trace of a single metric such as jobless claims is unquestionable proof of anything. That said reaching the lowest level of unemployment claims since 1969 is pretty damn impressive considering the growth in the workforce since then. As is the moving average at a 49 year low.

You guys can trot out on the clichéd Obama excuses you want but the fact is the economy turned over to Trump on January 20 2017 was a gasping, wheezing sub 2% - as it had been through most of his administration. Blather all you want about what he "inherited" economies recover; you guys act like the entire economy was going to zero had not The Anointed One heroically stepped into is BS. Job losses peaked and started coming back in early spring 2009 - before Obama even new where the men's room was in the West Wing. And GDP turned upward before the first shovel could be purchased.
Click to expand...

I'm just looking at the OP's graph, which shows President Obama handed off a GREAT recovery and djt hasn't done anything to **** it up … yet. Djt has continued President Obama's 6 year recovery, at the same rate, for a year and a half. I'll bet he can't carry the ball for 6 years, but I'd bet he doesn't even get the chance.

Bullseye said:
But he inherited the worst recession since WW II!!
Click to expand...

If you're talking about President Obama, it was the worst economic crisis since the Great Depression. And, in spite of resistance at every turn from the GOP, he still laid a great and record breaking economy in general bone spurs lap.
 
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StuPedaso said:
I'm just looking at the OP's graph, which shows President Obama handed off a GREAT recovery and djt hasn't done anything to **** it up … yet.
Click to expand...
I covered that already.


StuPedaso said:
If you're talking about President Obama, it was the worst economic crisis since the Great Depression. And, in spite of resistance at every turn from the GOP, he still laid a great and record breaking economy in general bone spurs lap.
Click to expand...
LOL, facts and you are not close associates are you?
 
Bullseye said:
I covered that already.
Click to expand...

With your bias, I'm referencing the OP graph, oh and the one SonOfDaedalus put up, both show, so far, tRump is riding Obama's wave. <-Period!


Bullseye said:
LOL, facts and you are not close associates are you?
Click to expand...

I associate with them more closely than you, but then again I can read a graph.
 
StuPedaso said:
With your bias, I'm referencing the OP graph, oh and the one SonOfDaedalus put up, both show, so far, tRump is riding Obama's wave. <-Period!




I associate with them more closely than you, but then again I can read a graph.
Click to expand...
But apparently not prose from the WSJ. You just like the pretty pictures, right?
 
Bullseye said:
But apparently not prose from the WSJ. You just like the pretty pictures, right?
Click to expand...

You posted a supposed quote without a link … did I miss your graph? No? I didn't think so. Is this what you're talking about?

reaching the lowest level of unemployment claims since 1969 is pretty damn impressive
Click to expand...

It is impressive, and it was headed there before djt took office, as the OP graph shows.

Hint: the OP graph is what this thread is about. I like facts, you haven't supplied any.
 
StuPedaso said:
With your bias, I'm referencing the OP graph, oh and the one SonOfDaedalus put up, both show, so far, tRump is riding Obama's wave. <-Period!
Click to expand...
So you're fixated on graphs, yeah, I got that. Words are so hard to understand, right?



Stupedaso said:
I associate with them more closely than you, but then again I can read a graph.
Click to expand...
Your screen name is misspelled.
 
PragmaticOne said:
The Trump recovery continues to amaze.

From the Wall Street Journal: “Initial jobless claims, a proxy for layoffs across the U.S., declined to a seasonally adjusted 203,000 in the last week of August, the Labor Department said Thursday. This is the lowest level of unemployment benefit applications since the end of 1969.

Though data can be volatile from week to week, the four-week moving average of claims, a steadier measure, also fell to a 49-year low, signaling overwhelming tightness in the U.S. labor market.

“Thursday’s jobless claims report is one of several sets of economic data pointing to late business-cycle strength in the economy. Economic growth in the second quarter was the strongest since 2014, and the manufacturing industry appears to be hitting a second wind, clocking the strongest growth in 14 years.”

And in case anyone wants to credit Obama, let's compare the slow plodding recovery that took seven and a half years to the Trump Recovery.
Click to expand...

Screenshot from 2018-09-06 19-20-31.jpg

U.S. National Debt Clock : Real Time

Fundamentals matter. How sustainable is this policy?
 
Moderate Right said:
Can't stand the fact that Trump has the economy going so well, can you? I'm waiting for the but but but it's going in the same direction Obama had it going.
Click to expand...

It's great that the economy is great, but the slope of that line is pretty damned constant from about 2015 onward. So it doesn't actually show that Trump has done anything other than carried on with an economy already on the mend.
 
Moderate Right said:
Can't stand the fact that Trump has the economy going so well, can you? I'm waiting for the but but but it's going in the same direction Obama had it going.
Click to expand...

You can't stand the fact of others pointing facts about the economy.
 
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