Clementine
Platinum Member
- Dec 18, 2011
- 12,919
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I remember when Pelosi was yelling at Bush, asking him where the jobs were when the unemployment rate was 4.5%. Apparently, the left thinks the only acceptable rate is 4.4% because now that it's 4.3%, they are upset because it's too low.
And the fact that employers will raise wages on their own to keep people is also bad. As far as the people needed for the new jobs being created (another positive thing), perhaps we can get those people rioting in the streets to get a real job. Probably will pay better than what Soros is paying them now. Or companies can hire those able bodied people who are tired of waiting for government to hand them a life.
There is just no pleasing the left.
"CNN found analysts to explain this mind-boggling narrative;
“Chris Rupkey, chief financial economist at MUFG Union Bank in New York, notes that when the economy reaches full employment, that means there aren’t enough people out of work to find new jobs. And if employers can’t find more workers that they might need, they have to raise wages to retain their existing workers. This sounds great though, right? Why is it a problem of people are getting bigger paychecks? True, but the problem is that it will be harder for the economy to grow a faster pace if the number of new jobs added starts to slow.”
If you are still confused, you aren’t alone. They found a second expert to further unravel the mystery;
“‘I would say that full employment could present a headwind to the future pace of economic growth,’ says Sam Bullard, senior economist at Wells Fargo. ‘Firms continue to point out they’re having difficulty finding qualified labor.’”
They go on to explain that in 2001 when unemployment was this low, the U.S. went into a “brief recession.” But of course, things were much better back then all around, at least if you believe the left-wing dribble coming from the purveyor of fake news.
CNN Now Warns Unemployment Is "Too Low" As Trump Administration Follows Through
And the fact that employers will raise wages on their own to keep people is also bad. As far as the people needed for the new jobs being created (another positive thing), perhaps we can get those people rioting in the streets to get a real job. Probably will pay better than what Soros is paying them now. Or companies can hire those able bodied people who are tired of waiting for government to hand them a life.
There is just no pleasing the left.
"CNN found analysts to explain this mind-boggling narrative;
“Chris Rupkey, chief financial economist at MUFG Union Bank in New York, notes that when the economy reaches full employment, that means there aren’t enough people out of work to find new jobs. And if employers can’t find more workers that they might need, they have to raise wages to retain their existing workers. This sounds great though, right? Why is it a problem of people are getting bigger paychecks? True, but the problem is that it will be harder for the economy to grow a faster pace if the number of new jobs added starts to slow.”
If you are still confused, you aren’t alone. They found a second expert to further unravel the mystery;
“‘I would say that full employment could present a headwind to the future pace of economic growth,’ says Sam Bullard, senior economist at Wells Fargo. ‘Firms continue to point out they’re having difficulty finding qualified labor.’”
They go on to explain that in 2001 when unemployment was this low, the U.S. went into a “brief recession.” But of course, things were much better back then all around, at least if you believe the left-wing dribble coming from the purveyor of fake news.
CNN Now Warns Unemployment Is "Too Low" As Trump Administration Follows Through