He was right

Gilligan

#*! boat!
PREMO Member

transporter

Active Member
This was another good employment report...the news on employment has been generally good for almost 8 years now.


employment expansion.jpg

Attached is the graph of total employment since the recession ended. The "winning" began in earnest during the end of 2010. (that bump in early 2010 was due to the census)

The slope of the graph has not changed since then. There was no major change in January 2017.

united-states-non-farm-payrolls.jpg

This is the month to month change going back 10 years. You will note no significant difference since January 2017.

It is quite comical how good ole Gilligan railed against the labor force participation rate prior to Jan 2017...but make no note of it now. 170k people left the labor force last month. Almost 900k have left the labor force in the past 12 months. The LPF is exactly where it was a year ago and has been at this level for 5 years...https://www.bls.gov/news.release/empsit.a.htm

So, yes, this was a solid jobs report. No, this has little to do with Trump. It is the continuation of a slow steady recovery that began in June of 2009. But folks like Gilligan don't understand this.
 

SamSpade

Well-Known Member
There is a LOT different about the economic picture that differs from the one under Obama.

It IS fairly typical for job numbers to bounce back quickly after a recession - which by definition lasts typically no less than six months
and no more than a year and a half. Most of the jobs people went to AFTER the recession hit were lower paying jobs.
When Governor Perry was running in 2012, he was ridiculed for - after pronouncing how many jobs had been created in Texas - that
most of them were low-paying or part-time work. What was IGNORED is that most of the new jobs in the country - were
coming from Texas. So you have both sides of the aisle confirming that - that the "recovery" consisted of lower paying jobs - people
were working multiple part-time jobs - or quitting the work force. This can be shown in the data, but most notably in the lower
overall income of the nation - for years.

We now have manufacturing jobs returning and we have real wage and salary growth in the country. Finally.
 

PeoplesElbow

Active Member
Shouldn't the slope of the line be generally decreasing during an upswing as more and more people have jobs and be greatest early in the recovery?

At the very least it indicates that Trumps economic policies are not creating the harm to the economy that many liberals predicted. Beyond that I am not sure anyone can truely say what it means.
 

GURPS

INGSOC
PREMO Member
Rep. Nancy "Crumbs" Pelosi (D-Wacko) doesn't really seem to like Americans.

The multimillionairess, who flies home to California nearly every weekend in a private plane on the taxpayers' dime, thinks the massive tax cuts pushed through by the Republican Congress and signed into law by President Trump are bad for the middle class.

But despite Pelosi's pessimism, the economy is booming — so much so that after the release of economic data on Friday, The New York Times actually wrote a story headlined: "We Ran Out of Words to Describe How Good the Jobs Numbers Are."

The stats show payrolls gained 223,000 in May, well above market expectations of 188,000, and the unemployment rate hitting an 18-year low of 3.8%. The stock market is booming and real take-home wages are up for the first time since 2009. Some economists now estimate the second quarter could show growth of up to 4.8%. Staggering.

[TWITTER]https://twitter.com/RealJamesWoods/status/1002975796707774464[/TWITTER]




https://www.dailywire.com/news/31394/james-woods-destroys-nancy-pelosi-after-she-pans-joseph-curl
 

stgislander

Active Member
Shouldn't the slope of the line be generally decreasing during an upswing as more and more people have jobs and be greatest early in the recovery?

At the very least it indicates that Trumps economic policies are not creating the harm to the economy that many liberals predicted. Beyond that I am not sure anyone can truely say what it means.
Tranny can.
 
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