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U.S. adds 201,000 jobs as worker wages accelerate to nine-year high Unemployment stays at 18-year low Rate Topic: -----

#1 User is offline   MTP Reggie 

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Posted 08 September 2018 - 07:54 AM

U.S. adds 201,000 jobs as worker wages accelerate to nine-year high
Unemployment stays at 18-year low
Published: Sept 7, 2018 9:41 a.m. ET
By JEFFRY BARTASH
https://www.marketwatch.com/

<More Really Bad News For democrats/proggies/leftists Here, With Charts And Graphs Even...>

The numbers: The United States created 201,000 new jobs in August, keeping the unemployment rate at an 18-year low and generating the fastest increase in worker pay since the end of the Great Recession. Economists polled by MarketWatch had forecast a 200,000 increase in new nonfarm jobs. The unemployment rate, meanwhile, was unchanged at 3.9%, the Labor Department said Friday. The increase in hiring in August was another solid gain that reflects broad strength in an economy that accelerated in the spring and showed little sign of slowing down toward the end of summer. The biggest news in the August employment report was a sharp increase in pay. The average wage paid to American workers rose by 10 cents to $27.16 an hour. What's more, the yearly rate of pay increases climbed to 2.9% from 2.7%, marking the highest level since June 2009.


What happened: White-collar professional firms filled 53,000 positions, bringing the total created over the past 12 months to more than half a million. These are the fastest growing jobs in the country. Health-care providers hired 33,000 people, transport firms added 20,000 jobs and construction companies hired 23,000 workers. Employment fell by 3,000 in manufacturing, the first decline in 13 months. U.S. tariffs and a scarcity of skilled laborers may finally be taking their toll. Retailers also cut jobs. Employment gains for July and June, meanwhile, were revised down by a combined 50,000, the Labor Department said Friday. Still, the economy has produced an average of 207,000 new jobs a month so far this year ó faster than the pace of hiring in both 2017 and 2016.

Big picture: The economy surged in the spring and is still growing rapidly as the fall approaches. Most companies are hiring and layoffs have tumbled to a nearly 50-year low.

(snip)

<More Really Bad News For democrats/proggies/leftists Here, With Charts And Graphs Even...>
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#2 User is offline   zurg 

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Posted 08 September 2018 - 08:12 AM

Oh no! NPRís marketplace forecast a little over 100,000 new jobs. And while they grudgingly (and very very briefly) admitted that thereís some wage increases going on, they claimed (without proof) that inflation is wiping out the wage gains.... fake media.
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#3 User is offline   firecoco 

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Posted 08 September 2018 - 08:21 AM

Thank you Obama
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#4 User is offline   MTP Reggie 

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Posted 08 September 2018 - 08:40 AM

https://scontent-dfw5-1.xx.fbcdn.net/v/t1.0-9/41215884_10213029573829493_1121177173688844288_n.jpg?_nc_cat=0&oh=0fcb2936bbd15dae67425a385d53f8d2&oe=5BF465B2
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#5 User is online   erp 

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Posted 08 September 2018 - 11:16 AM

Trump didnít build that.

Oh wait, yes he did!! It was Obama that couldnít build that is what I should have said.
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#6 User is offline   AntonToo 

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Posted 08 September 2018 - 10:28 PM

Prices are inching up but the inflation of Trump economy by the righties has been in hyperdrive.

Itís nice that income grew this month by a fraction of a percent, but that comes on the heels of NEGATIVE real income growth over the last year.

https://www.bls.gov/.../pdf/realer.pdf
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#7 User is offline   zurg 

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Posted 08 September 2018 - 10:31 PM

:biglaugh:

But then Obamanomics, those were the good times!
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#8 User is offline   Natural Selection 

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Posted 08 September 2018 - 11:59 PM

View PostAntonToo, on 08 September 2018 - 10:28 PM, said:

Prices are inching up but the inflation of Trump economy by the righties has been in hyperdrive.

Itís nice that income grew this month by a fraction of a percent, but that comes on the heels of NEGATIVE real income growth over the last year.

https://www.bls.gov/.../pdf/realer.pdf


Your source doesn't appear to include the gobs of overtime offered by employers attempting to keep up with Trump's rapidly growing economy. The tax cuts are also not factored in.
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#9 User is offline   Ticked@TinselTown 

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Posted 09 September 2018 - 12:01 AM

View PostNatural Selection, on 08 September 2018 - 11:59 PM, said:

Your source doesn't appear to include the gobs of overtime offered by employers attempting to keep up with Trump's rapidly growing economy. The tax cuts are also not factored in.


Pesky details... :whistling:
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#10 User is offline   Natural Selection 

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Posted 09 September 2018 - 12:11 AM

View PostTicked@TinselTown, on 09 September 2018 - 12:01 AM, said:

Pesky details... :whistling:


That's how lefties roll. If it doesn't fit the narrative, don't mention it. Deception by omission.
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#11 User is offline   Ticked@TinselTown 

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Posted 09 September 2018 - 01:57 AM

View PostNatural Selection, on 09 September 2018 - 12:11 AM, said:

That's how lefties roll. If it doesn't fit the narrative, don't mention it. Deception by omission.


Every bloody time... They have consistency going for them, that's for sure.
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#12 User is online   erp 

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Posted 09 September 2018 - 03:03 AM

View PostAntonToo, on 08 September 2018 - 10:28 PM, said:

Prices are inching up but the inflation of Trump economy by the righties has been in hyperdrive.

Itís nice that income grew this month by a fraction of a percent, but that comes on the heels of NEGATIVE real income growth over the last year.

https://www.bls.gov/.../pdf/realer.pdf

Take it up with Obama. He seems to think this is becuase of him. ;)

This post has been edited by erp: 09 September 2018 - 03:03 AM

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#13 User is offline   AntonToo 

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Posted 09 September 2018 - 07:57 AM

View PostMTP Reggie, on 08 September 2018 - 08:40 AM, said:

https://scontent-dfw5-1.xx.fbcdn.net/v/t1.0-9/41215884_10213029573829493_1121177173688844288_n.jpg?_nc_cat=0&oh=0fcb2936bbd15dae67425a385d53f8d2&oe=5BF465B2


Do you like spreading horse crap? Because thatís what you are posting.

Donít know where this ď2.5%Ē quote is from, but itís not from Obama.

Trumpís first calendar year in office we grew 2.3% (2017)

And 4.1% annualized single Q growth impresses you? Obama had 5.1% Q in 2014 and overall had six such Qs.
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#14 User is offline   zurg 

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Posted 09 September 2018 - 10:06 AM

View PostAntonToo, on 09 September 2018 - 07:57 AM, said:

Do you like spreading horse crap? Because thatís what you are posting.

Donít know where this ď2.5%Ē quote is from, but itís not from Obama.

Trumpís first calendar year in office we grew 2.3% (2017)

And 4.1% annualized single Q growth impresses you? Obama had 5.1% Q in 2014 and overall had six such Qs.

Itís completely obvious that Trump is a pro-business president and Obama was an anti-business president. Given that reality, thereís no contest in under which president we have better GDP growth and economic well-being. You people just donít want this reality to be known by the voters. You CANNOT let voters know that theyíre better off with Trump. Because you canít let the truth out, you twist and lie and obfuscate.

Itís like youíre a small time bean counter in a major corporation.
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#15 User is offline   Severian 

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Posted 09 September 2018 - 10:10 AM

View Postzurg, on 09 September 2018 - 10:06 AM, said:

Itís completely obvious that Trump is a pro-business president and Obama was an anti-business president. Given that reality, thereís no contest in under which president we have better GDP growth and economic well-being. You people just donít want this reality to be known by the voters. You CANNOT let voters know that theyíre better off with Trump. Because you canít let the truth out, you twist and lie and obfuscate.

Itís like youíre a small time bean counter in a major corporation.

More like he believes in magic beans, and traded his credibility for a handful of them. Fee Fie Foe Fum, I smell the blood of socialist scum!
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#16 User is offline   MTP Reggie 

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Posted 09 September 2018 - 10:42 AM

If Trump thinks he can get more than 3% economic growth, he's dreaming


Quote

During the presidential campaign, Trump promised growth of 3.5% a year, and sometimes even 4%. There's no disagreement that a sustained growth rate of this magnitude would be a significant achievement. Over the past decade, the economy has grown at an average of about 2% a year. The Congressional Budget Office forecasts an annual average of about 1.9% well into the next decade. The U.S. hasn't had sustained real annual growth (that is, over inflation) of better than 3% since the 1990s, with a brief spurt in 2004 and 2005. Making up the difference from 2% to more than 3% looks like a pipe dream.


Quote

Productivity, defined as real output per hour of labor, is unlikely to pick up to the degree necessary to jolt economic growth above 3% for the long term. From 2008 through late 2016, according to the Bureau of Labor Statistics, the U.S. was mired in a productivity slump averaging growth of 1.1% a year. That's a pittance compared to the postwar average of 2.3%; the last high point was reached in 2001 through 2007, when growth averaged 2.7% a year.


Barack Obama's Sad Record on Economic Growth

Quote

On Friday, the Bureau of Economic Analysis (BEA) reported that 2015 U.S. real GDP (RGDP) growth was 2.38%. No matter what revisions are subsequently made, 2015 will have been the tenth year in a row that RGDP growth came in at under 3.0%. The longest previous such run in U.S. economic history was only four years, and the last time that this happened was during the Great Depression (1930 - 1933). Even worse, and this should be the defining issue of the 2016 elections, the Congressional Budget Office (CBO) is now forecasting that America will never see 3.0% economic growth again.


Quote

Again, assuming 2.67% RGDP growth for 2016, Obama will leave office having produced an average of 1.55% growth. This would place his presidency fourth from the bottom of the list of 39*, above only those of Herbert Hoover (-5.65%), Andrew Johnson (-0.70%) and Theodore Roosevelt (1.41%)


Obama to Trump: 'What magic wand do you have?'


Quote

During a PBS town hall that aired Wednesday, Obama referenced Trump's promise to bring back jobs to the United States when talking about manufacturing.

"Well, how exactly are you going to do that? What exactly are you going to do? There's no answer to it," Obama said. "He just says, 'Well, I'm going to negotiate a better deal.' Well, what, how exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn't have an answer."


Barack Obama warns of unemployment being 'new normal' in US

Quote

"What is a danger is that we stay stuck in a new normal where unemployment rates stay high, people who have jobs see their incomes go up, businesses make big profits, but they've learned to do more with less, and so they don't hire," he said. "And as a consequence, we keep on seeing growth that is just too slow to bring back the eight million jobs that were lost.


Obama's Unemployment 'New Normal' Foretells A 'Lost Decade'


Quote

A quick look at the BLS Household Survey showed that, rather than being bad, December was actually a better-than-average month in President Obama's "new normal" economy. This is not a huge accomplishment, given that "Obama's new normal" comprises slow GDP growth, a stagnant jobs market, and falling real household incomes. However, the nation moved 133,000 jobs closer to full-time-equivalent* (FTE) full employment during December, while during the average month during Obama's so-called "economic recovery," we moved 25,000 jobs farther away. So, December, as bad as it was in many respects, was better than average for Obama. Since the economic recovery began 52 months ago, the "headline" U-3 unemployment rate has fallen from 9.5% to 6.7%. However, more than 100% of this decline was the result of 7.4 million potential workers fleeing the labor force.


Obama tells all on how he saved U.S. economy

Quote

Fewer able-bodied people are in the workforce as a share of the population and long-term joblessness is still unusually high. The economy has also failed to grow 3% or more since 2005, the longest stretch since the end of World War II. Historically the U.S. has grown at a 3.3% average.


Obamanomics: R.I.P.

Quote

The previously bullish Fed finally and openly acknowledged that sluggish growth is the long term new normal for America. Secular stagnation is here to stay. The growth rate has limped out of the 2008-09 recession at a 2 percent pace now for seven years. The Joint Economic Committee of Congress tells us a normal recovery gives us about 3.5 percent growth and the Reagan and JFK booms were closer to 4 percent.


https://image.prntscr.com/image/WVrIlG7QQCm7jHUbvVONEA.png

This post has been edited by MTP Reggie: 09 September 2018 - 12:28 PM

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#17 User is offline   Natural Selection 

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Posted 09 September 2018 - 10:58 AM

View PostAntonToo, on 09 September 2018 - 07:57 AM, said:

Obama had 5.1% Q in 2014 and overall had six such Qs.


That's when his economy was being propped up with $4,000,000,000,000 of quantitative easing money created on the Fed's computer, correct?

:lol:
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#18 User is offline   MTP Reggie 

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Posted 09 September 2018 - 02:04 PM

View PostNatural Selection, on 09 September 2018 - 10:58 AM, said:

That's when his economy was being propped up with $4,000,000,000,000 of quantitative easing money created on the Fed's computer, correct?

:lol:


I'd like to offer some charts! Note the source at the bottom of each along with a link (CLICK ME) for their origin!

Quantitative Easing, in One Chart
Inflation-adjusted gross domestic product, in billions of 2009 dollars

Funny how those two charts correlate...

Attached File(s)


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#19 User is offline   Natural Selection 

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Posted 09 September 2018 - 02:19 PM

View PostMTP Reggie, on 09 September 2018 - 02:04 PM, said:

I'd like to offer some charts! Note the source at the bottom of each along with a link (CLICK ME) for their origin!

Quantitative Easing, in One Chart
Inflation-adjusted gross domestic product, in billions of 2009 dollars

Funny how those two charts correlate...


I'm sure it's just a remarkable coincidence. Looking forward to A2's (hat tip to zurg) explanation about how they have nothing to do with each other. :lol:
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#20 User is offline   Rock N' Roll Right Winger 

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Posted 09 September 2018 - 02:26 PM

View PostAntonToo, on 09 September 2018 - 07:57 AM, said:

Do you like spreading horse crap? Because thatís what you are posting.

Donít know where this ď2.5%Ē quote is from, but itís not from Obama.

Trumpís first calendar year in office we grew 2.3% (2017)

And 4.1% annualized single Q growth impresses you? Obama had 5.1% Q in 2014 and overall had six such Qs.

We don't know where your above :bs: claims come from either?

Like always, you made them all up.
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