Trump Just Crushes It With Jobs Report

[Thikn2velvet1]

U.S. Added 266,000 Jobs in November. Here’s the Bottom Line.

A “ blockbuster” jobs report by cheetohead.

Ok, now to hear from the liberal cranks and sourpusses trying to point out that “no, don’t believe it, red is blue, no really, lots of high paying jobs are bad, really bad! Low minority unemployment is horrid, ghastly, awful!”

Haha.

 

[deleted15807]

Trump has been touting along with his reptile party the low unemployment numbers. Of course historically low unemployment = higher wages. Alas the ruling class with a lot of help from the rubes have pretty much tamed wage growth..permanently in fact.

The 266,000 jobs added in November include some 40,000 UAW folks who went back to work after being on strike. It also includes plenty of holiday hiring.

So...it's really not so great.

Also, wage increases were less than in previous months. In other words, wage increases were even smaller than the very incremental wage increases...of the last 9 years.

Anyone who believes our economy is healthy is fooling themselves. It may be healthy for the upper middle class and upper class and the infamous 1%...

...but not for the real folks who make up the vast majority of this country.

There are are still millions of Americans in low paying jobs, or trying to hold down multiple jobs, who had better jobs some 10 years ago before they got outsourced to India or some other low wage country. There are millions of Americans working the the inappropriately named "gig economy," who are one or two steps away from financial insolvency. ("Gig economy" is a hip, marketing and branding term to make you think it is cool to not have steady work with benefits.)

There are millions of Americans who's standard of living is significantly less than pre-great recession, who will likely never recover that standard of living...ever.

This is the reality. It would be helpful if we recognized, accepted, and embraced it...so we could get on with the business of working on productive measures to mitigate it.

 

[Industrialsize]

101,269 viewsSep 20, 2019, 08:40am
Trump Has Created 1.5 Million Fewer Jobs Than Obama

......
Trump’s job growth falls short of Obama’s last three years

The Labor Department’s revised job count lowered the April 2018 to March 2019 by 501,000. Assuming that the almost 42,000 per month lower number is spread evenly across the 12 months, Trump’s 2018 total of 2.303 million jobs falls short of Obama’s 2014 to 2016 results and essentially matches his 2.302 million for 2013. And 2018 was helped by Trump’s tax cut sugar high.

• 2011 total: 2.075 million
• 2012 total: 2.174 million
• 2013 total: 2.302 million
• 2014 total: 3.006 million
• 2015 total: 2.729 million
• 2016 total: 2.318 million
• 2017 total: 2.153 million
• 2018 total: 2.303 million (first year of tax cut)
• Past 12 months: 1.782 million
• 2019 year to date through August: 1.141 million
• 2019 year to date annualized: 1.711 million
  
  

Over 31 months Obama added 1.5 million more jobs than Trump

Trump entered office on January 20, 2017 so starting with February 2017 he has been President for 31 months. Total job growth during that time has been 5.345 million or 172,000 per month with those results being helped by the tax cut.
Trump Has Created 1.5 Million Fewer Jobs Than Obama

Working back from January 2017, Obama’s last month in office, there had been 6.838 million jobs added or 221,000 per month. The difference for the 31 months is 1.493 million or 48,000 more per month than Trump.

 

[keenobserver]

It's always a good thread when we can see how poorly Trump compares to a real president, like Obama. Good job!

 

[blonk]

101,269 viewsSep 20, 2019, 08:40am
Trump Has Created 1.5 Million Fewer Jobs Than Obama

......
Trump’s job growth falls short of Obama’s last three years

The Labor Department’s revised job count lowered the April 2018 to March 2019 by 501,000. Assuming that the almost 42,000 per month lower number is spread evenly across the 12 months, Trump’s 2018 total of 2.303 million jobs falls short of Obama’s 2014 to 2016 results and essentially matches his 2.302 million for 2013. And 2018 was helped by Trump’s tax cut sugar high.

• 2011 total: 2.075 million
• 2012 total: 2.174 million
• 2013 total: 2.302 million
• 2014 total: 3.006 million
• 2015 total: 2.729 million
• 2016 total: 2.318 million
• 2017 total: 2.153 million
• 2018 total: 2.303 million (first year of tax cut)
• Past 12 months: 1.782 million
• 2019 year to date through August: 1.141 million
• 2019 year to date annualized: 1.711 million
  

Over 31 months Obama added 1.5 million more jobs than Trump

Trump entered office on January 20, 2017 so starting with February 2017 he has been President for 31 months. Total job growth during that time has been 5.345 million or 172,000 per month with those results being helped by the tax cut.
Trump Has Created 1.5 Million Fewer Jobs Than Obama

Working back from January 2017, Obama’s last month in office, there had been 6.838 million jobs added or 221,000 per month. The difference for the 31 months is 1.493 million or 48,000 more per month than Trump.

And this isn't in any way just rebound reemployment after 2008? People forget so quickly and regularly and knowingly spout halftruths just to get a run in for the hometeam. You're all fucking retarded armchair politi-sports twats, basically. Stop wasting your time trying to put a score card to this shit, it's impossible and a waste of your life. Watch Scorcese's bland new flick "The Irishman", it's basically a paean on that message. Your life = this shit and then it's over. Stop now while you still can.

 

[deleted15807]

It's always a good thread when we can see how poorly Trump compares to a real president, like Obama. Good job!

And who took over Obama’s success and called it his own and mortgaging the economy for the 1%.

 

[deleted15807]

Behind the Trump "crush" of the job numbers. What we all know Americans are working for pennies. "Fully employed" for pennies.

• Almost half of U.S. workers between ages 18 to 64 are employed in low-wage jobs, the Brookings Institution found.
• Low-wage jobs are pervasive, representing between one-third to two-thirds of all jobs in the country's almost 400 metropolitan areas.
• Smaller cities in the South and West tend to have the highest share, such as Las Cruces, New Mexico, and Jacksonville, North Carolina, where more than 6 in 10 workers are in low-wage work.

America's unemployment rate is at a half-century low, but it also has a job-quality problem that affects nearly half the population, with a study finding 44% of U.S. workers are employed in low-wage jobs that pay median annual wages of $18,000.​

Almost half of all Americans work in low-wage jobs​

 

[TexanStar]

Behind the Trump "crush" of the job numbers. What we all know Americans are working for pennies. "Fully employed" for pennies.

• Almost half of U.S. workers between ages 18 to 64 are employed in low-wage jobs, the Brookings Institution found.
• Low-wage jobs are pervasive, representing between one-third to two-thirds of all jobs in the country's almost 400 metropolitan areas.
• Smaller cities in the South and West tend to have the highest share, such as Las Cruces, New Mexico, and Jacksonville, North Carolina, where more than 6 in 10 workers are in low-wage work.

America's unemployment rate is at a half-century low, but it also has a job-quality problem that affects nearly half the population, with a study finding 44% of U.S. workers are employed in low-wage jobs that pay median annual wages of $18,000.​

Almost half of all Americans work in low-wage jobs​

 

[deleted15807]

The triumph of the rich, which is one of the defining stories of our time, is generally described as largely the reflection of two factors. The first, of course, is the explosion of income among top earners, in which a tiny minority has vacuumed up a ballooning share of the gains from the past few decades of economic growth.

The second factor — which will be key to the 2020 presidential race — has been the hidden decline in the progressivity of the tax code at the top, in which the wealthiest earners have over those same decades seen their effective tax rates steadily fall.

Put those two factors together, and they tell a story about soaring U.S. inequality that is in some ways even more dramatic than each is on its own.​

The massive triumph of the rich, illustrated by stunning new data
​

A little chart shows the gravity of the disparity. Capitalism's winners and losers:

​

 

[blonk]

This shit is like watching selfproclaimed knights fight while dressed in armor made of strung together empty tuna cans and plastic bottles swinging their "14 inch dick" holographic swords. All air. Swish, down the pissoir. Half-baked, taster-sized data slices curated for limited-frame effect, to win the biggest game in the smallest fishbowl. Really just some garbage rhetorical game of "GOTCHA!" more than anything. Try bringing some real data and you'll get somewhere....and see you are less than nothing at this level of detail.

 

[Industrialsize]

This shit is like watching selfproclaimed knights fight while dressed in armor made of strung together empty tuna cans and plastic bottles swinging their "14 inch dick" holographic swords. All air. Swish, down the pissoir. Half-baked, taster-sized data slices curated for limited-frame effect, to win the biggest game in the smallest fishbowl. Really just some garbage rhetorical game of "GOTCHA!" more than anything. Try bringing some real data and you'll get somewhere....and see you are less than nothing at this level of detail.

Feel better?

 

[Gj816]

This thread like most of the political threads is hilarious. The numbers don't fit with the Dems political view or their narrative.

Seems like we as Americans, should be glad the economy is booming and more Americans are working.

I think if there were a Democrat in the White House with these numbers the nay sayers would be jubilant. It's sad that you can't put your party affiliation aside, and put country ahead of politics. When the country's economy is doing good everyone benefits.

 

[Klingsor]

It's sad that you can't put your party affiliation aside, and put country ahead of politics.

Some of us put country ahead of economics.

 

[deleted15807]

Try bringing some real data and you'll get somewhere....and see you are less than nothing at this level of detail.

Says the guy that brought no data unless I missed it somewhere. If I did my apologies in advance.

 

[Gj816]

Some of us put country ahead of economics.

But what about country ahead of party affiliation?

 

[Klingsor]

But what about country ahead of party affiliation?

Start by asking the Republicans.

 

[BillDodson]

But what about country ahead of party affiliation?

This doesn't count for Democrats, only Republicans are required to put country before party

 

[Klingsor]

This doesn't count for Democrats, only Republicans are required to put country before party

And yet I remember someone insisting the Democrats were hurting themselves politically by impeaching Trump. You don't think they were aware of that risk? Yet they took it anyway. Sometimes, you have to stand up, whatever the cost.

 

[BillDodson]

And yet I remember someone insisting the Democrats were hurting themselves politically by impeaching Trump. You don't think they were aware of that risk? Yet they took it anyway. Sometimes, you have to stand up, whatever the cost.

What are we standing up for? How much you want the economy to tank?

 

[Klingsor]

What are we standing up for? How much you want the economy to tank?

The Constitution. Economically speaking, how much is that worth?