April jobs report tops expectations, unemployment rate falls to 4.4%

[NightFox]

Do you believe that GM's share of the automotive market would have simply evaporated along with all of its capital had it not been able to secure a bail out from the public treasury? Why prop up a inefficient producer at the direct expense of everybody and incur all the opportunity costs to boot? Not to mention fucking over all it's competitors and their investors by de facto forcing them to subsidize GM via the taxes they pay..

When an industry goes bankrupt their assets are sold off at 10 cents on the dollar. Their million dollar machines are cut up for scrap metal. Their industrial assets virtually dissapear into junkyards and landfills. The same would have happened to their parts suppliers.

You didn't answer the question; do you believe that GM's share of the auto market would have evaporated along with all of it's capital?

 

[hadit]

They do, however, care a great deal about their economic situation, and when times are good are likely to tell pollsters that the country is moving in the right direction and they approve of what the president is doing. It' just reality.

The economy is humming, and yet Trumps poll numbers are in the toilet.

1. We just had an election, so more people than normal are aware of politics.
2. We have unprecedented press hate for the president and people are being told to hate him. That has an impact.
3. Imagine how much worse it would be if the economy were bad.

 

[radical right]

Presidents declare war and is a result of direct action on their part. There is no direct action a President makes to create a job at Burger King or Goldman Sachs.

Speaking of creating jobs at Goldman Sachs.

Secrets and Lies of the Bailout - Rolling Stone

Paulson could just go out and unilaterally commit trillions of public dollars to rescue Goldman Sachs and Citigroup from their own stupidity and bad management (although the government ended up doing just that, later on). Much as with a declaration of war, a similarly extreme and expensive commitment of public resources, Paulson needed at least a film of congressional approval. And much like the Iraq War resolution, which was only secured after George W. Bush ludicrously warned that Saddam was planning to send drones to spray poison over New York City, the bailouts were pushed through Congress with a series of threats and promises that ranged from the merely ridiculous to the outright deceptive. At one meeting to discuss the original bailout bill – at 11 a.m. on September 18th, 2008 – Paulson actually told members of Congress that $5.5 trillion in wealth would disappear by 2 p.m. that day unless the government took immediate action, and that the world economy would collapse "within 24 hours."

 

[BuckToothMoron]

Nice job Mr. Trump.


U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that could seal the case for an interest rate increase next month despite moderate wage growth.

Nonfarm payrolls surged by 211,000 jobs last month, the Labor Department said on Friday, well above the monthly average of 185,000 this year and a jump from the gain of 79,000 in March.

The job gains were broad-based, with hefty increases in leisure and hospitality, healthcare and social assistance as well as business and professional services.

The drop of one-tenth of a percentage point in the unemployment rate took it to its lowest level since May 2007...

Read More:
U.S. job growth rebounds sharply, unemployment rate hits 4.4 percent
DRUDGE REPORT 2017®

Unfortunately, given the size of the country at this time, we need to be producing 300,000 jobs per month to attain 3% growth which is the generally accepted target. 3 or 4 % growth gets more difficult the larger we get. The sheer numbers become unsustainable. It's similar to the life cycle of a business. When they begin and have no sales, each sale has a more significant effect on the growth. But after many years and billions of dollars in sales, the rate inevitable is unsustainable. Ask IBM.

 

[radical right]

You didn't answer the question; do you believe that GM's share of the auto market would have evaporated along with all of it's capital?

It would have been shifted to Nissan, and Toyota, and Honda

 

[Dschrute3]

Nice job Mr. Trump.


U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that could seal the case for an interest rate increase next month despite moderate wage growth.

Nonfarm payrolls surged by 211,000 jobs last month, the Labor Department said on Friday, well above the monthly average of 185,000 this year and a jump from the gain of 79,000 in March.

The job gains were broad-based, with hefty increases in leisure and hospitality, healthcare and social assistance as well as business and professional services.

The drop of one-tenth of a percentage point in the unemployment rate took it to its lowest level since May 2007...

Read More:
U.S. job growth rebounds sharply, unemployment rate hits 4.4 percent
DRUDGE REPORT 2017®

Unfortunately, given the size of the country at this time, we need to be producing 300,000 jobs per month to attain 3% growth which is the generally accepted target. 3 or 4 % growth gets more difficult the larger we get. The sheer numbers become unsustainable. It's similar to the life cycle of a business. When they begin and have no sales, each sale has a more significant effect on the growth. But after many years and billions of dollars in sales, the rate inevitable is unsustainable. Ask IBM.

I hear ya, but this is still pretty good news. I try to be optimistic.

 

[edthecynic]

In April, the U.S. economy added 211,000 jobs and the unemployment rate fell to a new post-crisis low of 4.4%. This is the lowest unemployment rate since May 2007.

Fake numbers according to Tramp, which will be "revised" down like last month's 98,000 jobs revised down to 79,000. Meanwhile there are 94 million not working, up 162,000 who according to Tramp have just given up because the Tramp economy is so bad, but are suddenly counted as employed by Tramp.

"We have 93 million people out of work. They look for jobs, they give up, and all of a sudden, statistically, they're considered employed."
- Donald J Trump Aug. 28, 2015, On Point With Sarah Palin

/---- Agreed. we need to change the way UE is calculated.

That's right, for the Tramp kleptocracy we must use Tramp's campaign calculations exclusively.

 

[skews13]

The unemployment rate has been dropping for 8 years. You dumb rubes used to call the number you're using now fake.

Right now, 94,276,905 adults are out of the work force.

Aw come on now, control your butthurt. This is some good news for American Workers.

Don't fret now. Soon several libs will around to tell you why this is not true and how it's really Obama doing it.

The Obama legacy continues to roll on.

When the Trumpanzee actually signs his first piece of legislation passed by Congress on anything regarding the economy, let us know.

 

[Avatar4321]

What is the u6?

 

[koshergrl]

It's good. Can't understand why so much trash is against this.

Because their utopian vision for the world is that it's population is poor, violent, short lived, and hungry.

 

[12icer]

Chart above is not valid because the oshit numbers were lies, and the actual numbers that came out were very weak every time. The number given for the month is really much better than all of the numbers oshitass had so BZZZZZ find some real truth. The FACTS are the oshit jobs were temps, they even included the grocery school boys at the supermarkets they could find. These are real jobs in real money paying sectors like PIPELINE Workers getting about 40 to 100 an hour, and Manufacturing of the same caliber. The price of oil is going back down to historic lows pretty quickly because of the speculation of a large increase in production. ON and ON >>>> he just keeps on trudging >>>>>>>> ON and ON >> ON and ON..... Cry now liberals we know you hate watching your communist state come apart.

 

[Dschrute3]

The unemployment rate has been dropping for 8 years. You dumb rubes used to call the number you're using now fake.

Right now, 94,276,905 adults are out of the work force.

Aw come on now, control your butthurt. This is some good news for American Workers.

Don't fret now. Soon several libs will around to tell you why this is not true and how it's really Obama doing it.

The Obama legacy continues to roll on.

When the Trumpanzee actually signs his first piece of legislation passed by Congress on anything regarding the economy, let us know.

Aw, so butthurt. Hussein ain't the President no mo. Y'all wingnuts are gonna have to accept that.

 

[skews13]

The April jobs report is out and it’s a beat.

In April, the U.S. economy added 211,000 jobs and the unemployment rate fell to a new post-crisis low of 4.4%. This is the lowest unemployment rate since May 2007.

Wages, which are closely tracked by the Federal Reserve, rose 0.3% month-on-month, as expected. The the annual increase in wages, however, disappointed with wages up just 2.5% over the same month last year. Economists had expected a 2.7% increase in wages over the prior year. Weekly hours worked were steady at 34.4.

The U-6 unemployment rate, also known as the underemployment rate, fell to 8.6% after hitting a post-crisis low of 8.9% in March. Last month, Gary Cohn, President Trump’s chief economic advisor, said the administration is focused on the underemployment rate.
April jobs report tops expectations, unemployment rate falls to 4.4%
View attachment 124905

 

[Remodeling Maidiac]

It doesn't matter if you want to credit Obama, Trump, or the Republican Congress of the last several years, good economic news benefits Trump.

Not when it was the work of the previous administration. As is often pointed out, Trump has accomplished virtually nothing in his first 100 days. No legislation, no significant eo's, nothing you could claim stimulated the economy.

Is your address in the land of confusion?
Everyday Americans don't pay attention in depth

 

[Papageorgio]

Presidents declare war and is a result of direct action on their part. There is no direct action a President makes to create a job at Burger King or Goldman Sachs.

Speaking of creating jobs at Goldman Sachs.

Secrets and Lies of the Bailout - Rolling Stone

Paulson could just go out and unilaterally commit trillions of public dollars to rescue Goldman Sachs and Citigroup from their own stupidity and bad management (although the government ended up doing just that, later on). Much as with a declaration of war, a similarly extreme and expensive commitment of public resources, Paulson needed at least a film of congressional approval. And much like the Iraq War resolution, which was only secured after George W. Bush ludicrously warned that Saddam was planning to send drones to spray poison over New York City, the bailouts were pushed through Congress with a series of threats and promises that ranged from the merely ridiculous to the outright deceptive. At one meeting to discuss the original bailout bill – at 11 a.m. on September 18th, 2008 – Paulson actually told members of Congress that $5.5 trillion in wealth would disappear by 2 p.m. that day unless the government took immediate action, and that the world economy would collapse "within 24 hours."

Thanks for conceding my point and then diverting the thread.

 

[Doc1]

Because the Left is Totalitarian to it's core. No dissent allowed, no conflicting opinions.

 

[Papageorgio]

The unemployment rate has been dropping for 8 years. You dumb rubes used to call the number you're using now fake.

Right now, 94,276,905 adults are out of the work force.

So agenda of the Democratic Party is more important than less people working, you sound just like the right wing nuts did while Obama was President.

 

[Rambunctious]

There is new construction and remodels going on all over my town. Stores are crowded again. Lines out the doors of restaurants. My phone won't stop ringing. We are advertising for full time employees for the first time in 6 years. Whatever Trump is doing I hope he keeps doing it.

 

[TheOldSchool]

The unemployment rate has been dropping for 8 years. You dumb rubes used to call the number you're using now fake.

Right now, 94,276,905 adults are out of the work force.

So agenda of the Democratic Party is more important than less people working, you sound just like the right wing nuts did while Obama was President.

You spent 8 years reporting what I posted. I told you I would spend the next 4 doing the same.

 

[Rambunctious]

The Obamafication of America has ended! even Obama has givin up on Obamaisim and is taking $400000 per speech from wall street bankers! BUUUUUUUAAAAAAAAHAHAHAHAHAHAHA!