Rentahamster
Rodent Whores
UPDATE: Here's the numbers for 2017 so far -
https://data.bls.gov/timeseries/LNS14000000
Jan 4.8
Feb 4.7
Mar 4.5
Apr 4.4
May 4.3
Original Post:
https://newrepublic.com/minutes/141266/trump-not-add-235000-jobs-economy-obama-did
https://www.washingtonpost.com/news...-drops-to-4-7-percent/?utm_term=.ab8729f5d89d
http://www.politico.com/story/2017/03/trump-economic-report-card-235868
President Trump has been in office for a little while now, and perhaps we could start looking into his numbers as president, but I seem to recall a little something from the campaign...
The employment numbers have a little lag on them, so Trump doesn't yet deserve credit yet, and it remains to be seen if he will deserve credit in about 6 months from now when it will start to reflect the results of his work.
Thanks Obama!
For what it's worth, the stock market is doing pretty well, and that is more of a timely and reactive indicator, but at the same time not necessarily an indicator of economic health - especially health that is productive for the less fortunate among us.
So, in about six months from now, how do y'all think the jobs reports will look? Still on the up and up? Down in the shitter? My take is that many expect Trump's influence in the short term will be catastrophic, but I'm going to guess that it won't be as bad as people think. We'll see what the world looks like in September.
https://data.bls.gov/timeseries/LNS14000000
Jan 4.8
Feb 4.7
Mar 4.5
Apr 4.4
May 4.3
Original Post:
https://newrepublic.com/minutes/141266/trump-not-add-235000-jobs-economy-obama-did
https://www.washingtonpost.com/news...-drops-to-4-7-percent/?utm_term=.ab8729f5d89d
http://www.politico.com/story/2017/03/trump-economic-report-card-235868
President Trump has been in office for a little while now, and perhaps we could start looking into his numbers as president, but I seem to recall a little something from the campaign...
in 2016 after winning the New Hampshire primary, Trump told supporters not to believe ”phony numbers" coming out of the U.S. Department of Labor. ”The number is probably 28, 29, as high as 35," he said of the unemployment rate. ”In fact, I even heard recently 42 percent."
These ”phony" numbers are now Trump's to own even though at this point his policies could not really be responsible for most of the jobs created in February.
The employment numbers have a little lag on them, so Trump doesn't yet deserve credit yet, and it remains to be seen if he will deserve credit in about 6 months from now when it will start to reflect the results of his work.
”One of the most important elements of analyzing labor market reports is that they're lagging indicators so they tend to be a reflection of what has been happening in the economy in the prior six months to a year," said Frances Donald, senior economist at Manulife Asset Management. ”The jobs numbers that we'll see six months from now will probably be a better reflection of the new administration."
Thanks Obama!
For what it's worth, the stock market is doing pretty well, and that is more of a timely and reactive indicator, but at the same time not necessarily an indicator of economic health - especially health that is productive for the less fortunate among us.
So, in about six months from now, how do y'all think the jobs reports will look? Still on the up and up? Down in the shitter? My take is that many expect Trump's influence in the short term will be catastrophic, but I'm going to guess that it won't be as bad as people think. We'll see what the world looks like in September.