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[Whompa02]

Man Obama's legacy will last for awhile. Thank god he ended on such a strong note.

Trump will try to claim credit for it too lol.

 

[Wag]

His fanboys will eat HIS shit

Fixed.

 

[Wolfgunblood Garopa]

Spicer: "Great numbers. They used to be phony, but these are re-"

Press: "Hold on, it seems those numbers were reported in error. They're actually much lower. There was a mistake."

Spicer: "really phony. I meant to say really phony. They'll be real again when it gets better. Any questions?"

 

[RuGalz]

The local news outlets are just reporting the numbers and what Spicer said without explaining it doesn't work that way. smh

 

[Armaros]

Nice mod edit. Were we crediting Bush for job growth 2 months into the Obama admin? Lets try to keep things fair

You mean the lackluster jobs report in early 2009 that the GOP tried to pin on Obama who just got inaugurated?

 

[WillyFive]

Nice mod edit. Were we crediting Bush for job growth 2 months into the Obama admin? Lets try to keep things fair

But everyone did.

 

[Damaniel]

So is the official position of the white house that unemployment has fallen from 25-35% to 5% since Trump came to office?

Yes. At least that's what they'll say. And who's going to call them out on it? The media? Trump already has his deplorables believing that the media is fake, which doesn't matter anyway because the media is too spineless to come out and call the administration a bunch of fucking pathological liars like they should be.

 

[polyh3dron]

He's not under oath. Besides, this is what his base wants right? Good enough for congress.

Apparently lying under oath is cool now, too. (see Sessions, Jeff)

 

[PopeReal]

Imagine being married to someone who lies on a daily basis, and you know they are.

How do their home lives even function? Does the money make the pain go away?

 

[Poor GRIMES]

Nice mod edit. Were we crediting Bush for job growth 2 months into the Obama admin? Lets try to keep things fair

Jobs in February 2009...?

pretty sure Bush was rightfully blamed yes

 

[Rubenov]

Imagine being married to someone who lies on a daily basis, and you know they are.

How do their home lives even function? Does the money make the pain go away?

I'm of the personal view that Melania married Trump almost solely for the money... so yes it helps A LOT.

 

[Rentahamster]

President Obama adds 98,000 more jobs in March. Unemployment rate goes from 4.7 to 4.5.

In the second month, how much influence can we now give to President Trump? A little? None?

The way this story is reported is also interesting.

http://www.reuters.com/article/us-usa-economy-jobs-idUSKBN1791WM

Weather dampens U.S. job growth; unemployment rate dives to 4.5 percent

U.S. job growth slowed sharply in March amid continued layoffs in the retail sector, but a drop in the unemployment rate to a near 10-year low of 4.5 percent suggested labor market strength remained intact.

Nonfarm payrolls increased by 98,000 jobs last month, the fewest since last May, the Labor Department said on Friday.

Job gains, which had exceeded 200,000 in January and February, were also held back by a slowdown in hiring at construction sites, factories and leisure and hospitality businesses, which had been boosted by unusually warm temperatures earlier in the year.

In March, temperatures dropped and a storm lashed the Northeast, and economists said bad weather accounted for the stepdown in hiring. The two-tenths of a percentage point drop in the unemployment rate from 4.7 percent in February took it to its lowest level since May 2007.

https://www.bloomberg.com/news/arti...s-rise-by-98-000-as-jobless-rate-falls-to-4-5

Payroll Gains Slow, U.S. Jobless Rate at Lowest Since 2007

Wages rise 2.7% from year earlier following 2.8% increase
Construction jobs slow amid weather; retailers pare positions

U.S. payroll gains slowed in March while the jobless rate unexpectedly dropped to the lowest in almost a decade, suggesting the labor market is returning to a more sustainable pace of progress.

The 98,000 increase followed a 219,000 rise in February that was less than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 180,000 advance. The unemployment rate fell to 4.5 percent from 4.7 percent, and wage gains slowed to a 2.7 percent year-over-year pace.

While the payroll figures are the weakest since last May and represent a pullback from the first two months of the year, it may reflect that things are getting back to normal. Employment has been on a healthy run, giving Federal Reserve policy makers enough confidence to raise interest rates in March and forecast two more hikes this year. Businesses have been challenged by a dwindling pool of unemployed, and are gradually giving in to pressures to raise wages in order to attract and retain talent.

Nice mod edit. Were we crediting Bush for job growth 2 months into the Obama admin? Lets try to keep things fair

Do you still think it was a mod edit? That's the original title, yo.

 

[Rentahamster]

The May numbers are out:

https://www.forbes.com/sites/maggie...-unemployment-rate-drops-to-4-3/#7bb593c05a92

The job market recovery has hit a new milestone: 80 consecutive months. Hiring data out Friday morning shows that while job growth in May was lower than expected, it grew nonetheless, adding to the six-plus year streak of growth and helping the nation's unemployment rate -- both the headline number and the "real" rate of unemployment -- stand at its lowest level in years.

Employers in the U.S. added 138,000 non-farm jobs in May, the Bureau of Labor Statistics reported Friday. The unemployment rate ticked down to 4.3%, from 4.4%. The payroll result was below the economist consensus, which had called for an addition of 184,000 non-farm jobs. The headline unemployment rate, which is taken from data in the BLS's household survey, beat economists' expectations by 0.1%.

The much-discussed U-6 figure -- often referred to as the "real" unemployment rate because it measures the percent of total unemployed plus people who are marginally attached to the labor force or working part time for economic reasons -- dropped to 8.4% in May, down from 8.6% in April and a more-than 1% improvement over the 9.7% rate in May 2016.

A more condensed article with the most important numbers:
https://blogs.wsj.com/briefly/2017/06/02/may-jobs-report-the-numbers-2/

Does anyone have any guesses about when the Trump influence will be legitimately felt?

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

 

[gaugebozo]

There's a few important things about this.

1). A president really doesn't have as much control as they get credit for.
2). He hasn't had a budget yet.
3). Some effects should be felt already from how he controls government hiring policies.

With all this in mind, I don't think you can say he "owns" the economy until like next year. However, in the sense that the president is judged on outcome more than skill, he's maybe 50% responsible? He hasn't done anything that immediately destroyed our economy. I'll give him that.

 

[Escape Goat]

There's a few important things about this.

1). A president really doesn't have as much control as they get credit for.
2). He hasn't had a budget yet.
3). Some effects should be felt already from how he controls government hiring policies.

With all this in mind, I don't think you can say he "owns" the economy until like next year. However, in the sense that the president is judged on outcome more than skill, he's maybe 50% responsible? He hasn't done anything that immediately destroyed our economy. I'll give him that.

I read an article yesterday that Trump has claimed credit for the economy but nothing has changed since Obama left. Wages are stuck. The stock market is up but the stock market is not the economy.

 

[Rebel Leader]

I read an article yesterday that Trump has claimed credit for the economy but nothing has changed since Obama left. Wages are stuck. The stock market is up but the stock market is not the economy.

Didn't trump bitch about the stock market under obama?

 

[HStallion]

Didn't trump bitch about the stock market under obama?

He bitched about everything while Obama was President.

 

[Rentahamster]

Didn't trump bitch about the stock market under obama?

What didn't he bitch about?

 

[Freeza Under The Shower]

Does anyone have any guesses about when the Trump influence will be legitimately felt?

whenever the missiles start flying, we'll all feel it.

But for any policy stuff to matter, he would A) have to have successfully made policy and B) have hired actual people to fill in positions in state departments, so on the current track of how that's working out... never?

 

[PeakPointMatrix]

I didn't think seeing the first two words of the thread title would hurt me this much.

ow.

 

[GKSilKamina]

I didn't think seeing the first two words of the thread title would hurt me this much.

ow.

Same. I miss Obama so much.

 

[TyrantII]

Tax policy, a budget, and major changes in regulatory policy need to happen before he owns it.

Healthcare is already seeing some major changes due to uncertainty, but so far those haven't hit anything yet but forecasted premium hikes that won't hit the streets for months.