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Author Topic: 20,000 jobs in February  (Read 306 times)

Offline Olde Hornet

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20,000 jobs in February
« on: March 08, 2019, 11:39:31 AM »
The latest jobs report is bad news for Trump — but good news for workers

https://www.vox.com/2019/3/8/18255983/february-jobs-report-job-growth-wage-growth

Economists didn’t see this one coming.

Job growth plummeted in February, while wages kept rising, according to the latest jobs report from the Bureau of Labor Statistics. Employers added only 20,000 new jobs this past month — far below economists’ predictions of about 190,000 new positions. It’s a staggering difference from the average 223,000 jobs added to the economy each month in 2018.

In fact, it’s one of the worst months of job growth since President Donald Trump took office.

That’s not necessarily a bad thing. The jobs report doesn’t explain the drop, but the dramatic change suggests that the US economy is reaching full employment. Here’s another sign of the tightening labor market: The unemployment rate fell in February, from 4 percent to 3.8 percent — which is one of the lowest unemployment rates in the past 50 years.

The latest jobs report is also (mostly) good news for workers. Such a low unemployment rate means that nearly every American who wants to and is able to work has likely snagged a job by now. And those who lose their jobs or decide to leave probably won’t have a hard time finding another position. The data also suggests employers are having difficulty filling open positions as the labor pool continues to shrink — forcing businesses to raise wages to keep and attract workers.
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Offline oldsport

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Re: 20,000 jobs in February
« Reply #1 on: March 08, 2019, 11:42:52 AM »
This figure will eventually be adjusted upward. Yes, but unemployment as at an all time low. Moreover, the tremendous increase in jobs over the Trump term make it apparent that employers are full. Job growth logically would be small after a sustained period of tremendous job growth.

The American economy remains the hottest economy in the world.

Online Wildman78

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Re: 20,000 jobs in February
« Reply #2 on: March 08, 2019, 12:11:31 PM »
Here’s what history will record: More jobs were created in Obama’s last two years (5.1 million) than in Trump’s first two years (4.9 million).

https://www.washingtontimes.com/news/2019/feb/9/ap-fact-check-trump-swipes-progress-from-obama-era/

Offline Strike79

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Re: 20,000 jobs in February
« Reply #3 on: March 08, 2019, 01:56:30 PM »
Here’s what history will record: More jobs were created in Obama’s last two years (5.1 million) than in Trump’s first two years (4.9 million).

https://www.washingtontimes.com/news/2019/feb/9/ap-fact-check-trump-swipes-progress-from-obama-era/
FACTS!!

And your humble poster ALSO believes that history will record that US economy was on the verge of bankruptcy when Mr. Obama was sworn in as POTUS in January, 2009. And it were the economic and fiscal policies of Mr. Obama’s Administration that not only thwarted bankruptcy, but began the road to strong economic recovery that the current dude in the White House inherited.

To believe OTHERWISE would mean that you believe the economy was in shambles in January, 2017.  And we ALL know that’s a BIG FAT LIE!!   >:(

Offline oldsport

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Re: 20,000 jobs in February
« Reply #4 on: March 08, 2019, 02:51:31 PM »
Here’s what history will record: More jobs were created in Obama’s last two years (5.1 million) than in Trump’s first two years (4.9 million).

https://www.washingtontimes.com/news/2019/feb/9/ap-fact-check-trump-swipes-progress-from-obama-era/

Yes, if you like working at fast food restaurants and low wage jobs. And bloated expanded low end government jobs. The jobs created out in the oil patch and in petroleum or natural gas exploration had nothing to do with Obama's policies. YOU DYAM IDIOT.

SUCK ON THIS....IDIOT...


Obama Claims He Created More Jobs In 21 Months Than Trump, Gets Reality Check

November 5, 2018

Rebecca Diserio

Barack Obama looks tired, with sunken eyes and gray hair. His rallies have been absolute nightmares as he stutters and loses control, bashing President Donald Trump. He seems upset that he can’t fill big arenas. The magic is gone for the former president who was campaigning in Indiana and stuttered, “The economy created more jobs in my last 21 months than in the 21 months since I left office.” Poor Barack just got a reality checked. You’ll love this.

Barack Obama has seemingly been called on by the desperate Democratic Party to campaign as if he is still in office, except he’s not, and people are tired of him. He looks old. He looks tired with his gray hair and sunken eyes as he stutters and stammers throughout his old speeches that no one wants to hear.

So, knowing he was getting his butt kicked by President Donald Trump on the campaign trail, Barack decided to pull a fast one. It’s part of the ole Democratic playbook: lie and then lie some more. And, that’s what he did in Indiana on Saturday night.

The guy who doubled the national debt thought he would say he cleaned up Washington, DC. Obama looked weak, voice fading, as he said, “So, I had to take off my coat. I had to roll up my sleeves. I had to get a broom and a mop. And, we had to clean it up.”

This was a riff on Trump’s “Drain the Swamp” motto. Barack Obama and the Democrats cleaning up Washington, DC? Wow, that’s a laugh. In fact, it’s insulting to all Americans with common sense.

Big government grew out of control under Barack’s watch. He set a record for the size of the basic federal workforce, leaving office with more than 1.4 million people collecting government salaries in the civilian agencies in 2017.

Was he rolling up his sleeves when he doubled the national debt and made government spending so out of control? Please, these metaphors are just plain silly and insulting to Americans. Then, he dropped his big bomb, saying, “The economy created more jobs in my last 21 months than in the 21 months since I left office.”

What? It’s like he just makes up the lines as he goes and no one can tell him he is full of crap. Well, Barack Obama is full of it. You see, the Democrats used a sneaky trick when they were in charge that fudged the numbers.

Americans were forced to leave the workforce in droves under Obama, then, after individuals were unemployed for months and months, the Obama administration just dropped them off their charts because they no longer qualified for unemployment. It was as if they never existed. It’s a cute trick to make it appear like unemployment wasn’t as bad as it was.

In fact, Obama’s last job report, with the real numbers, showed the magnitude of his economic disaster. According to “the Labor Department’s Bureau of Labor Statistics, a record 95,102,000 Americans was not in the labor force by December 2017,” reports CNBC.

Now, the Democrats are going around, spouting off numbers, not mentioning the manufacturing jobs. And, if they don’t talk about them, they can spew their lies. Remember, middle-class Americans rely on those manufacturing jobs, yet Obama destroyed them by shipping them overseas.

At a town hall in June 2016, President Obama famously said that some manufacturing jobs “are just not going to come back.” He went on to mock then-candidate Trump by saying he’d need a “magic wand” to make good on this manufacturing job promises.

Months later, as the shock of a President-elect Donald Trump was still being absorbed, New York Times columnist and economist Paul Krugman tweeted on November 25, 2016, “Nothing policy can do will bring back those lost jobs. The service sector is the future of work, but nobody wants to hear it.”

Well, a funny thing happened — Trump’s policies, and just as importantly, the expectation of Trump’s policies ignited a manufacturing resurgence. Comparing the last 21 months of the Obama administration with the first 21 months of Trump’s shows that under Trump’s watch, more than 10 times the number of manufacturing jobs were added.

Those are blue collar jobs. Oh, but the Democrats are supposed to be the party of the working-man in America? Right?

And, one more thing. It’s really convenient Obama touts the last 21 months of his reign. He had eight long years to fix the economy, but all he did was destroy America. As Fox News reports, “[Obama] had the lowest labor participation rates since the 1970s, with 95 million Americans out of the labor force. The so-called recovery has been the weakest one since the 1940s.”

Under Obama, we also had the lowest homeownership rate in 51 years – despite mortgage rates artificially kept at record lows – and over 11 million more Americans were on food stamps. As of April 2018, 2 million people were off of food stamps, thanks to President Trump. He is fixing Obama’s eight-year mess as fast as he can.

So, when these leftists tout this new narrative that “Obama created more jobs in his last 21 months than Trump did in his first 21 months,” don’t buy it. Spread this information far and wide so those still deluded by their so-called messiah can see he had his chance and he screwed Americans.

It’s no wonder the former president is looking and sounding tired with his shrieking voice. When you continue to lie, and then lie some more, it must eat you up on the inside. President Trump’s voice is strong, his energy is high, and his message is “America First.” Barack will go down in history as the first African American president — but he’ll be better remembered as the worst POTUS of modern times.

https://madworldnews.com/obama-jobs-21-months-trump/

Online Wildman78

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Re: 20,000 jobs in February
« Reply #5 on: March 08, 2019, 03:17:52 PM »
^^^ Your last post does not change the fact that more jobs were created during Obama's last 2 years than Trumps first w 2 years.  :shrug:

Offline oldsport

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Re: 20,000 jobs in February
« Reply #6 on: March 08, 2019, 03:27:07 PM »
^^^ Your last post does not change the fact that more jobs were created during Obama's last 2 years than Trumps first w 2 years.  :shrug:

Have it your way K----. Obuma had the worse peace time recovery in the history of the modern presidency. Go suck on that.
« Last Edit: March 08, 2019, 03:29:13 PM by oldsport »

Online Wildman78

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Re: 20,000 jobs in February
« Reply #7 on: March 08, 2019, 05:23:17 PM »
^^^ Your last post does not change the fact that more jobs were created during Obama's last 2 years than Trumps first w 2 years.  :shrug:

Have it your way K----. Obuma had the worse peace time recovery in the history of the modern presidency. Go suck on that.

Too bad you cant' debate without resorting to name calling.

Obama also had a long sustained recovery:

But it's a long U.S. expansion


Plenty of experts say "hold on." This recovery may be slow, but it's also lasted a long time -- far longer than usual -- and job growth has been good.

"We are in the fourth longest expansion in U.S. history," notes Achuthan.

Since World War II, the American economy has typically grown for about five years and then had a contraction. This expansion is already over seven years old.

Furthermore, the average pace of job growth in this recovery has already topped what happened during the 2001 to 2007 expansion under President George W. Bush (the Bush recovery was the slowest in terms of jobs growth, Achuthan says).

Over 14 million jobs have been added since the low point from the financial crisis. Job growth is as important -- if not more important -- than overall growth, many economists argue.

"We are experiencing the longest string of consecutive monthly jobs gains in economic history," says Mark Zandi, chief economist at Moody's Analytics.

https://money.cnn.com/2016/10/05/news/economy/us-recovery-slowest-since-wwii/index.html

Nothing you posted changes these facts: Only 20,000 jobs were created in February 2019 under Trump; More jobs were created in Obama's last 2 years than in Trumps first 2 years; this table shows that Black unemployment dropped signicantly under Obama.



When Trump took office in January 2017, the black unemployment rate was 7.8 percent, the lowest it had been in nearly 10 years, according to the Bureau of Labor Statistics. Under Trump, it dropped a full percentage point to 6.8 percent in December. That’s the lowest rate since the bureau began regularly breaking out unemployment rates by race in 1972.

A similar drop of 1 percentage point was recorded during the same 11-month period in 2016. The drop was even more pronounced in each of the three years before that. It fell 1.9 percentage points in 2015, 1.5 percentage points in 2014 and 1.8 percentage points in 2013.

In other words, the downward trend has continued under Trump, albeit at a slower pace than in recent years.

https://www.factcheck.org/2018/01/trump-takes-undue-credit-black-unemployment/

 

 

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