You know it is easy to check this stuff? Even the bad numbers in this good CNN report under Trump just a few weeks before Covid hit were explained right up front as being not really bad. This was the first one I pulled. I am open to being proved wrong but CNN is a pretty straight shooter. The US added 128,000 jobs in October, topping dour forecasts | CNN Business New YorkCNN Business (Nov 2019)— Anyone with jitters about the US economy got an unexpected surprise on Friday. US employers added 128,000 jobs in October, the Bureau of Labor Statistics said in its monthly jobs report. Meanwhile, the unemployment rate rose slightly to 3.6%, but it was for a good reason: 325,000 Americans started looking for work. Overall, the report was far stronger than expected, beating economists’ forecasts for a gain in 89,000 jobs. A 40-day GM (GM) strike, which took 46,000 autoworkers out of the workforce, was expected to serve as a bigger drag on the job market. While the October report did show that US manufacturers lost 36,000 jobs last month, BLS Commissioner William Beach noted the decline largely reflected strike activity. If it hadn’t been for the strike, the report would have shown a gain in factory jobs, said Marvin Loh, senior market strategist at State Street.
Okay, lets do our own research. I will pick a random positive jobs report from Trump's time. On January 4, 2019, BLS released a report of 312,000 jobs created. Here is the CNN article on the subject: Hiring surged in December, employers added 312,000 jobs | CNN Business I also checked their video archives, and they spoke about it as the second story that day (after a story on the government shutdown that was going on at the time), which was a general economic story (included also how the market was shooting up after the jobs report).
The honest answer is the economy just does what is going to do. The president gets to much credit and to much blame. Now the federal reserve does actually impact the economy. They are doing well by doing nothing now. I think as long as the economy is going gangbusters they should hold steady on interest rates.
I think this is truer than anyone really wants to admit. I think generally the president can really only have effect on the "feeling" most have. If the President is greener vs fossil, more open border vs closed, more war monger vs not. I think the rhetoric tends to cause reaction by the populace that can be positive or negative. And policy initiatives can swing the pendulum one way or another but in whole they get too much credit and blame.
The reality is that there are hundreds (if not thousands) of ways by which a President can be measured, the majority of which are largely out of their control. So it's not hard to pick 10 that make a given President look good or bad to reinforce their priors. Not to mention, you also have people layering in cherry picking specific time periods just to prove a point. To your point, you really have to try and evaluate what a President did (or didn't do) that may have affected a particular metric. Are job gains the result of specific action taken? Is inflation the result of the global economy, and if so, how is the US faring compared to similar peers? Etc. The next step would be if a given metric is poor for President A, and it's something you really care about, does the other candidate actually have a plan for that metric or are they just being opportunistic to point out something negative about their opponent. Who knows if anyone actually does this since 90%+ people probably already have their mind made up or just vote for their registered party regardless.
Full time employment down. . Government and health services jobs paid for by the private sector way up, driven by the huge influx of illegals. The poorly educated illegals that our government incentives to come to America will add Trillions of dollars to the national debt. Correct me if I'm wrong but if a person loses a full time job and gets 2 part time jobs, won't that reduce the unemployment rate (even if the second.part-time job is only 1 hours/week)? I don't trust unemployment numbers
Ii skimmed this article earlier. The guy who wrote it really knows his stuff when it comes to monthly jobs reports. Jobs Up 303,000 Full Time Employment Down 6,000 in March By Mike Shedlock Jobs Up 303,000 Full Time Employment Down 6,000 in March – MishTalk I really don't want to debate jobs reports, too boring and they get revised as you know. Have a good weekend, you mods do a great job
Can you now point out why the number of undocumented immigrants is the driving force behind the growing number of government and health service jobs? Because if you actually look at US population demographics, you'd know we're aging. More Americans are 65 or older now than ever before. What effects would one postulate might this fact have on an economy? Well, for one, medical expenses double when you hit middle age, and only continue to rise as you age. Think this might effect the number of workers needed in Healthcare professions? More or less so than the number of undocumented immigrants, most of whom are younger than middle age? The numbers do show more part time work, but also a higher labor participation force number. The labor participation number tracks all persons 16 and older. And with more people hitting 65 than 16, labor participation going up, and more part time jobs, that should tell us people are retiring from their full time job but still working part time. Out of necessity because of inflation? For some, yes. But with the rise in work from home jobs since the pandemic, no shortage of articles about how seniors can and do get these jobs. Many of which have part time options.
Looks like a shocking trend for Full Time workers. What will we do????? Oh yea.. perhaps try to hire for the 6M unfilled jobs while currently having the most full time employees working we’ve ever had?
Maybe we should port another 30 or 40 illegal aliens . The poorly educated ones (less than high school) will cost America a little less than $1MM each over their lifetimes. But think how many fulltime government and health service jobs they will provide. Who pays for that?
Derp derp. Narrative falls apart on employment so bot reboots itself and moves back to the first line of its code “001 When stuck blame brown people”.
Being a realist is not the same thing as being "pissed" when getting fake news about jobs. Jobs are great... more jobs are better. But how many of the millions of illegals living in hotels and the streets have jobs? Seems like they are NOT being counted in the employment numbers. And how many people have dropped out of even looking for jobs? Maybe it's that many of those jobs are low wage jobs... yes they count, but they don't make our economy great. Our unemployment numbers are significantly higher when considering more statistical data. Link below: The U.S. BUREAU OF LABOR STATISTICS Table A-15. Alternative measures of labor underutilization - 2024 Q01 Results
@Gatorrick22 ... here is U6 & U3 unemployment chart (the highest indicator with the loosest criteria) since Biden took over in Jan 2021 ... both look significantly lower to me ...
Unemployment is higher than 3.4%... which is more about the article in general than what you said in your post. IOW, I never said you mentioned that statistic. I posted the link for a more complete list of statistics... they are also not funny like some of the Liberals think. It's a neutral observation, that's all. Yep, the U-6 is the proper statistic to measure unemployment. It's at 7.3% as of March this year.
U-6 unemployment in March of 2024 is at 7.3% according to the link I posted. Table A-15. Alternative measures of labor underutilization - 2024 Q01 Results
