August Jobs Numbers are in and.....

[|ceman]

TRUMP IS FAILING ON HIS BIGGEST PROMISE TO AMERICANS: JOBS - http://www.newsweek.com/donald-trump...s-labor-658401

Seven months into his presidency, job growth has slowed from the days under former President Barack Obama, when virtually all demographics of Americans were enjoying new job creation. Now, unemployment is ticking upward, as just 156,000 jobs were added to the American economy in August, the Labor Department reported Friday.


It’s the slowest job growth in August in six years, marking Trump’s first summer in office as the slowest in overall job growth in four years, according to historical data provided by the Labor Department. The number of jobs added during the summer months of June, July and August plummeted under Trump to 555,000, down from 764,000 new jobs in 2016 during Obama’s last summer in office.

Unemployment also ticked up to 4.4% from last month's 4.3%.

[BioDiver]

Using the same broken metrics Obama and W used. Real job growth and LFPR have been flat for a while now.

[|ceman]

Using the same broken metrics Obama and W used. Real job growth and LFPR have been flat for a while now.

at least it's an apples to apples comparison.

[Giant_Killer]

There's a job for every unemployed person in America right now (literally).

[nutsy54]

Waiting for OP to explain why he believes the US President solely & directly controls month-to-month employment changes in the country...

[neuron]

Waiting for OP to explain why he believes the US President solely & directly controls month-to-month employment changes in the country...

Impossible task. He has the IQ of a peanut. See link in sig.

[Spoolme]

Trumptards will find a way to defend the numbers, yet would have jumped down Obamas throat if his numbers dipped. Being a hypocrite is part of being conservative.

[Kane_89]

"slowest job growth in August in six years, marking Trump’s first summer in office as the slowest in overall job growth in four years"

Trump making America WORSE again

#MAWA

[Metz00]

The unemployment is still within the normal threshold (3-5%). You can't have everyone employed at a specific given time. Having unemployment also allows for some flexibility. Everyone employed would mean that new business don't have a hiring pool to access. They would have to snatch employees from other businesses which in turn would make those businesses be understaffed.

Maybe Affirmative Action should be redesigned as a national employee quota, where a certain % of your employees have to be US citizens.

[BioDiver]

at least it's an apples to apples comparison.

Touché.

Waiting for OP to explain why he believes the US President solely & directly controls month-to-month employment changes in the country...

Correct me if I'm wrong, but didn't Trump promise to outpace Obama in job growth? Even using Obama's broken formula he's hit a road bump, one that will only go down next month thanks to Harvey (but more than likely made up for in a future month). Srs - 1/6 of the US's oil refineries got hosed and that's gonna have a pretty severe impact.

*EDIT* This is not to say that I believe the President has an impact on the economy - this was something I said about Obama all the time. I'm just pointing to what he said.

Trumptards will find a way to defend the numbers, yet would have jumped down Obamas throat if his numbers dipped. Being a hypocrite is part of being conservative.

I consider myself a conservative dem and openly say that Obama was a cancer on the economy. Trump hasn't been much better when you look beyond the BLS and labor dept headlines.

[BFast55]

4.4 Unemployment is about as good as it gets. Being up 1/10 of 1 % is concerning only if the trend continues over a period of months. It is disingenuous to blame Trump or anyone of a marginal shift with not trend.

Also BO's new way of counting jobs mean that the actual unemployment is much higher. Which is to say that they have always been higher.

Also LOL at assuming Trump is in compete control of the economy. We are not a top down Soviet style command economy.

[|ceman]

Waiting for OP to explain why he believes the US President solely & directly controls month-to-month employment changes in the country...

oh, I don't. but trump promised that he was going to turn this around and JOBS! JOBS! JOBS! has been the big chant from him and his supporters.

this is called measuring the guy against his own claims.

Impossible task. He has the IQ of a peanut. See link in sig.

since you mention IQ - do you think you have a higher IQ than I do? have you been formally tested?

I too am bookmarking that link. One of us will have fun bumping that in a few months/years once everything washes out.

[cashinout]

i thought this was Obama's economy??

[BadMonkeyFunker]

Waiting for OP to explain why he believes the US President solely & directly controls month-to-month employment changes in the country...

No only when it's obama ... then it's his fault..

nutsack logic...

[PSToolman]

at least it's an apples to apples comparison.

Exactly.

[|ceman]

Waiting for OP to explain why he believes the US President solely & directly controls month-to-month employment changes in the country...

so this guy is wrong to take credit for Jobs! growth?





Just a couple from the last month. He's literally tweeting about his jobs record a few times a week on average.

[PSToolman]

Waiting for OP to explain why he believes the US President solely & directly controls month-to-month employment changes in the country...

I think this is in response to Trump's boasting and all of the other threads giving Trump credit for things he hasn't done, or has no control over.

[PSToolman]

4.4 Unemployment is about as good as it gets. Being up 1/10 of 1 % is concerning only if the trend continues over a period of months. It is disingenuous to blame Trump or anyone of a marginal shift with not trend.

Also BO's new way of counting jobs mean that the actual unemployment is much higher. Which is to say that they have always been higher.

Also LOL at assuming Trump is in compete control of the economy. We are not a top down Soviet style command economy.

The Bureau of Labor Statistics hasn't changed their methodology in decades.

[Austanian]

4.4 is still pretty freaking low. Making that "slowest summer job growth" reports dumb as fuk.


While Trump has very little impact of jobs he claimed the win so he can claim the losses. Not sure I would characterize a .1% drop as a loss though...

[Griffco]

LOLOLOLOLOLOLOL

GDP is over 3% growth and y'all jump on 1 month of slowing job growth. August is always a bad month.

This is what happens when idiots try to talk about subjects they know nothing about.

[wesleysh21]

Color me confused.

Private payrolls in August jumped at their fastest pace in five months thanks in part to strong gains in construction and manufacturing jobs, according to the latest release from ADP and Moody's Analytics.

Companies added 237,000 positions in the last full month of summer, well ahead of the 185,000 that economists surveyed by Reuters expected.

Job creation in the ADP/Moody's survey was last this strong in March, which saw growth of 255,000. The August number also easily outpaced the 201,000 added in July, a number that was revised upward from the initially reported 178,000."

https://www.cnbc.com/2017/08/30/priv...est.:-adp.html

"The U.S. economy continued a strong summer, adding 209,000 jobs in July while the unemployment rate fell to 4.3 percent, the lowest since March 2001, according to a government report Friday.

Economists surveyed by Reuters had expected the report to show growth of 183,000; the unemployment rate met expectations. A more encompassing rate that includes discouraged workers and the underemployed was unchanged at 8.6 percent.

The number of employed Americans hit a new high of 153.5 million thanks to a surge of 345,000. The employment-to-population ratio also moved up to 60.2 percent, tied for the highest level since February 2009.

Stock market futures liked the news, rising to indicate a positive open, while government bond yields also moved considerably higher.

"Kind of an all-around strong headline number," said Tony Bedikian, head of global markets at Citizens Bank. "More people are coming into the labor force and finding jobs. It's difficult to find anything really negative in the report."

The closely watched wage number was unchanged from previous months, with average hourly earnings up 2.5 percent on an annualized basis. The average work week also was unchanged at 34.5 hours.

Bars and restaurants provided the biggest boost for the month with 53,000 more positives, while professional and business services contributed 49,000, the Bureau of Labor Statistics said."

https://www.cnbc.com/2017/08/04/us-n...july-2017.html

"The U.S. job market roared back to life in June, with a better-than-expected 222,000 new positions created in June while the unemployment rate held at 4.4 percent, according to a government report Friday.

Economists surveyed by Reuters had been expecting nonfarm payrolls growth of 179,000 and the unemployment rate to be 4.3 percent.

Wage growth, however, remained muted, with average hourly earnings rising 2.5 percent on an annualized basis, essentially unchanged from the previous month. On a monthly basis, the rise was 0.2 percent, which actually was a shade below the 0.2 percent expectation. The average work week edged higher, rising 0.1 hours to 34.5.

The report "is another illustration that the real economy is in good health," said Paul Ashworth, chief U.S. economist at Capital Economics. "The only disappointment is that wage growth still shows few signs of accelerating."

The jump in payrolls came following a disappointing May that saw an increase of just 152,000. However, even that number was revised up from an initially reported 138,000, and April was revised upward as well, from 174,000 to 207,000.

Employment gains have averaged 180,000 per month in 2017, a shade below the 187,000 in 2016.

Health care was the biggest contributor, with 37,000 new positions, with professional and business services adding 35,000. Social assistance added 23,000, Wall Street-related jobs grew by 17,000 and mining — a focal point for the Trump administration — saw 8,000 new positions.

"The strong job growth in June and the upward revisions for May and April suggest that the concerns about a major slowdown in job growth were premature," said Gad Levanon, chief economist, North America, for The Conference Board.

An alternative measure of unemployment that counts discouraged workers and those holding part-time positions for economic reasons — the underemployed — rose from 8.4 percent to 8.6 percent.

The labor-force participation rate edged higher to 62.8 percent.Those considered out of the labor force declined by 170,000 to 94.8 million while the labor force increased by 361,000 to 160.1 million. The employment population ratio rose to 60.1 percent, a full half percentage point above its level from a year ago.

Jobs overall tilted to full-time positions, which grew by 355,000, while part-time fell by 224,000.

Investors watched the report both for headline numbers and for indications on whether worker salaries were increasing. Despite the plunge in the unemployment rate during the recovery, there have been only scant signs of wage pressures.

That lack of inflation has vexed policymakers at the Federal Reserve, which is expected to raise its benchmark interest rate once more this year. Indications from central bank officials are that they believe the low inflation pressures to be temporary, though a continued lack of wage growth could change that perspective."

https://www.cnbc.com/2017/07/07/us-n...june-2017.html

[|ceman]

LOLOLOLOLOLOLOL

GDP is over 3% growth and y'all jump on 1 month of slowing job growth. August is always a bad month.

This is what happens when idiots try to talk about subjects they know nothing about.

It’s the slowest job growth in August in six years, marking Trump’s first summer in office as the slowest in overall job growth in four years, according to historical data provided by the Labor Department.

The number of jobs added during the summer months of June, July and August plummeted under Trump to 555,000, down from 764,000 new jobs in 2016 during Obama’s last summer in office.

[metallicide]

oh, I don't. but trump promised that he was going to turn this around and JOBS! JOBS! JOBS! has been the big chant from him and his supporters.

this is called measuring the guy against his own claims.



since you mention IQ - do you think you have a higher IQ than I do? have you been formally tested?

I too am bookmarking that link. One of us will have fun bumping that in a few months/years once everything washes out.

It hasn't even been a year...

[Spoolme]

"slowest job growth in August in six years, marking Trump’s first summer in office as the slowest in overall job growth in four years"

Trump making America WORSE again

#MAWA

Comment of the day! Trumptards are ruining our country.

[|ceman]

It hasn't even been a year...

didn't trump promise to bring jobs and more jobs?

why are jobs down for Jun/Jul/Aug compared to last year? 555k under trump and 764k under obama.

wasn't the previous guy doing such a horrible job and things needed to get "turned around"

shouldn't the numbers be going higher, not lower?

LOLOLOLOLOLOLOL

GDP is over 3% growth and y'all jump on 1 month of slowing job growth. August is always a bad month.

This is what happens when idiots try to talk about subjects they know nothing about.

3% quarterly growth is nice, but in line with previous years:



source: commerce dept - https://www.bea.gov/newsreleases/nat...gdp_glance.htm

[Spoolme]

I consider myself a conservative dem and openly say that Obama was a cancer on the economy. Trump hasn't been much better when you look beyond the BLS and labor dept headlines.

1) Ew.
2) Wrong
3) Wrong

[WestAfrica]

"slowest job growth in August in six years, marking Trump’s first summer in office as the slowest in overall job growth in four years"

Trump making America WORSE again

#MAWA

Is MAWA the new left slogan?

[nutsy54]

No only when it's obama ... then it's his fault..

nutsack logic...

Once again, you quote then ignore the content of my post... And now you're lying about my previous posts & positions. Shocker

[Austanian]

didn't trump promise to bring jobs and more jobs?

why are jobs down for Jun/Jul/Aug compared to last year? 555k under trump and 764k under obama.

wasn't the previous guy doing such a horrible job and things needed to get "turned around"

shouldn't the numbers be going higher, not lower?



3% quarterly growth is nice, but in line with previous years:



source: commerce dept - https://www.bea.gov/newsreleases/nat...gdp_glance.htm

3% post recession is not the same as 3% in a stabilized economy.

That being said very little of that number has ANYTHING to do with presidents.

[Spoolme]

i thought this was Obama's economy??

Not according to conservatives when the job numbers are good.