The Briefing Room
General Category => Economy/Business => Topic started by: Frank Cannon on February 01, 2019, 01:45:13 pm
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https://www.nytimes.com/2019/02/01/business/economy/jobs-report.html (https://www.nytimes.com/2019/02/01/business/economy/jobs-report.html)
The strong Labor Department report indicated that private-sector employers shrugged off the government shutdown.
The Labor Department released its monthly estimate of hiring, unemployment and wages for January on Friday morning. The report provided an important snapshot of the American economy.
304,000 jobs were added last month. Economists had expected a gain of about 172,000.
The unemployment rate rose to 4.0 percent, from 3.9 percent.
Average earnings rose 3 cents per hour in December, and were up 3.2 percent from a year earlier.
December’s job growth was revised sharply downward. The government now says employers added 222,000 jobs in the final month of the year, down from an earlier estimate of 312,000.
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Economists claimed this would be a disaster report because of the Govt' Shutdown. Total bullshit.
Deregulation and tax cuts work. Thank you President Trump!
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Economists claimed this would be a disaster report because of the Govt' Shutdown. Total bullshit.
Deregulation and tax cuts work. Thank you President Trump!
Don't forget the chicken littles who predicted tariffs will decimate this country.
They are wrong once again.
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Proving once again that talking heads don't know squat.
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Don't forget the chicken littles who predicted tariffs will decimate this country.
They are wrong once again.
Proof positive that most of the babble coming from economic experts anymore is nothing but Rat talking points.
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Economists claimed this would be a disaster report because of the Govt' Shutdown. Total bullshit.
Deregulation and tax cuts work. Thank you President Trump!
Also, the S&P 500 rose 7.9% in January. Maybe we need to shut down the government more often.
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Proof positive that most of the babble coming from economic experts anymore is nothing but Rat talking points.
It is almost like these parasites have a symbiotic relationship.
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Also, the S&P 500 rose 7.9% in March. Maybe we need to shut down the government more often.
???
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???
Oops, gettin' old. Fixed it.
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Also, the S&P 500 rose 7.9% in January. Maybe we need to shut down the government more often.
The government was shut down?
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The government was shut down?
Well, there was a rumor to that effect.
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Just to be consistent with the measurements we said were accurate post 2009. (When the reported calculation changed)- the rate is actually between 7% to 7.5%.
https://unemploymentdata.com/current-u6-unemployment-rate/
We really shouldn't be promoting those Adjusted U3 numbers. The President himself (before he was elected) called that calculation fradulent and phony.
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Just to be consistent with the measurements we said were accurate post 2009. (When the reported calculation changed)- the rate is actually between 7% to 7.5%.
https://unemploymentdata.com/current-u6-unemployment-rate/
We really shouldn't be promoting those Adjusted U3 numbers. The President himself (before he was elected) called that calculation fradulent and phony.
Hate the game, not the player @ABX
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Hate the game, not the player @ABX
Just consistency. You can't say one thing is phony one day, the ln praise it the next just because it makes your team look good. The problem is many see this as a game.
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The government was shut down?
We've been told but there isn't any evidence of it.
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We've been told but there isn't any evidence of it.
@Amb. Frank Cannon
Did someone say Shutdown?
Sorry... (http://www.youtube.com/watch?v=nll2r0h8rRE#)
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@Amb. Frank Cannon
Did someone say Shutdown?
Sorry... (http://www.youtube.com/watch?v=nll2r0h8rRE#)
I always thought the Beach Boys were better than the Beatles.
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So their bogus unemployment rate went up?
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So their bogus unemployment rate went up?
I don't know. The numbers are phony so I can't tell.
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I don't know. The numbers are phony so I can't tell.
It says it right in the article, "phony unemployment rate went up to 4.0% from 3.9%"
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Flashback. When Obama was President, people like Rush said that if we weren't gaining 500k jobs per month, we were losing ground and we would need to gain 700K jobs per month for actual job growth.
https://www.rushlimbaugh.com/daily/2012/05/04/obama_s_orwellian_unemployment_numbers/ (https://www.rushlimbaugh.com/daily/2012/05/04/obama_s_orwellian_unemployment_numbers/)
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It says it right in the article, "phony unemployment rate went up to 4.0% from 3.9%"
19 times Trump called jobs (adjusted U3) numbers ‘fake’ before they made him look good
https://www.washingtonpost.com/news/wonk/wp/2017/03/10/19-times-trump-called-the-jobs-numbers-fake-before-they-made-him-look-good/ (https://www.washingtonpost.com/news/wonk/wp/2017/03/10/19-times-trump-called-the-jobs-numbers-fake-before-they-made-him-look-good/)
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I don't exactly live in a high employment area being an old rust belt region economy. January/February usually sucks for finding jobs.
I've kept an eye this year on the state job listing site. Right now they are falling out of the sky, and I definitely believe the numbers.
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Bump
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Just to be consistent with the measurements we said were accurate post 2009. (When the reported calculation changed)- the rate is actually between 7% to 7.5%.
https://unemploymentdata.com/current-u6-unemployment-rate/
We really shouldn't be promoting those Adjusted U3 numbers. The President himself (before he was elected) called that calculation fradulent and phony.
Compared to the 20%+ it was, apples-to-apples, that's still pretty good.