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  1. #10921
    Joined
    Mar 2002
    Location
    California
    Posts
    25,725

    Re: Economic News/Discussion

    Quote Originally Posted by myv65 View Post
    I harped on the declining labor force participation rate throughout Obama's term. Funny thing has happened since ~January 2016. The slide stopped. It definitely hasn't begun a climb, but it's an improvement, IMHO. Doubt you'll see much about it in the MSM.

    From the DOL:

    been watching that # as well. Need another 2 years of this kind of economy to see some of these folks get back into the workforce I suspect. We'll see.
    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  2. #10922
    Joined
    May 2002
    Location
    A Little South of Sanity
    Posts
    11,537

    Re: Economic News/Discussion

    ^ Some of the damage done 2008-2016 restructuring the middle class will take years to correct, some of it's near permanent.
    "Walk Heavy, Stand Tall, Carry a Big Stick"
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  3. #10923
    Joined
    Sep 2003
    Location
    Kern River Valley, CA
    Age
    70
    Posts
    18,520

    Re: Economic News/Discussion

    ^^ Obambi and the demorats were very close to succeeding in the ultimate goal to break the middle class and weclome in Globalism. Hillary blew the election that’s why the democrats are so angry... Hemispheric Union... Deplorables...
    “Never underestimate the power of stupid people in large groups.”
    ― George Carlin

  4. #10924
    Joined
    May 2002
    Location
    A Little South of Sanity
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    11,537

    Re: Economic News/Discussion

    This is absolutely amazing.

    Back when Obama was selling the Great Stimulus Plan to taxpayers it was all about employment numbers and creating "Shovel Ready Jobs'.

    And now, the numbers are meaningless. That b!tch is insane.

    "Pelosi downplays Positive Jobs Report: 'Strong Employment Numbers Mean Little'"
    "Walk Heavy, Stand Tall, Carry a Big Stick"
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  5. #10925
    Joined
    Mar 2002
    Location
    California
    Posts
    25,725

    Re: Economic News/Discussion



    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  6. #10926
    Joined
    May 2002
    Location
    A Little South of Sanity
    Posts
    11,537

    Re: Economic News/Discussion

    ^^^ I like the C&P Captain Butthurt has quoted on it - something to the effect of it's not sustainable, so by the time elections arrive it will be diminished and hurt the GOP.....

    Full Spin Job.

    Pathetic.
    "Walk Heavy, Stand Tall, Carry a Big Stick"
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  7. #10927
    Joined
    Mar 2002
    Location
    California
    Posts
    25,725

    Re: Economic News/Discussion

    Economy has been so good since the lefts messiah departure...


    MAGAnomic September Jobs Report: 134,000 Added, and a Massive Upward Revision +87,000 Equals 3.7% Unemployment Rate




    The Bureau of Labor Statistics (BLS) release the first estimated September jobs report earlier today [Details Here] reflecting 134,000 new jobs added last month. However, that’s not the story – The BLS revised August upward +69,000, and July +18,000.The cumulative jobs gained 134k + 87k equals 221,000 new jobs. Lowering the unemployment rate to 3.7% the lowest unemployment statistic since 1969.


    First, a note on the *revisions*. How did the BLS underestimate (twice) the August jobs report by 70k ? This is stunning: 201k -vs- 270k. That’s a 30% error rate? Someone’s head needs to roll, because it looks like politically motivated statistical sandbagging.

    BLS – […] The change in total nonfarm payroll employment for July was revised up from +147,000 to +165,000, and the change for August was revised up from +201,000 to +270,000. With these revisions, employment gains in July and August combined were 87,000 more than previously reported. After revisions, job gains have averaged 190,000 per month over the last 3 months.


    (BLS) Total nonfarm payroll employment rose by 134,000 in September, compared with an average monthly gain of 201,000 over the prior 12 months. In September, job gains occurred in professional and business services, in health care, and in transportation and warehousing. (See table B-1.)
    Employment in professional and business services increased by 54,000 in September and has risen by 560,000 over the year.

    Health care employment rose by 26,000 in September. Hospitals added 12,000 jobs, and employment in ambulatory health care services continued to trend up (+10,000). Over the year, health care employment has increased by 302,000.

    In September, employment in transportation and warehousing rose by 24,000. Job gains occurred in warehousing and storage (+8,000) and in couriers and messengers (+5,000). Over the year, employment in transportation and warehousing has increased by 174,000.

    Construction employment continued to trend up in September (+23,000). The industry has added 315,000 jobs over the past 12 months.

    Employment in manufacturing continued to trend up in September (+18,000), reflecting a gain in durable goods industries. Over the year, manufacturing has added 278,000 jobs, with about four-fifths of the gain in the durable goods component.

    Within mining, employment in support activities for mining rose by 6,000 over the month and by 53,000 over the year.

    Employment in leisure and hospitality was little changed over the month (-17,000). Prior to September, employment in the industry had been on a modest upward trend. Some of the weakness in this industry in September may reflect the impact of Hurricane Florence. (read more)
    National Economic Council Chairman Larry Kudlow discusses formally and informally:

    . . .
    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  8. #10928
    Joined
    May 2002
    Location
    A Little South of Sanity
    Posts
    11,537

    Re: Economic News/Discussion

    ^^^ You gotta keep in mind the tax cuts are meaningless and only benefit "the rich and corporations" and their stance is understandable.

    ROFL!!!

    "Walk Heavy, Stand Tall, Carry a Big Stick"
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