Obama economy continues to roar ahead

[Independent voter]

225 jobs add. People who haven't worked in years returning to work. 4.9% unemployment which is very good for the US. Wages are rising.

Why should you care? It's a big boost for Hillary, it could get her elected.






http://www.forbes.com/sites/timworst.../#424cbf0e782f

We’ve just got the July employment numbers for the US and they look like there’s strong job growth going on. 255,000 new jobs this month along with an upward revision of the previous month’s numbers. It looks like the US economy is growing well – and what is most important is that those discouraged workers seem to be coming back into the economy and also that they’re able to find jobs. Thus we might say that Janet Yellen’s little gamble on keeping interest rates low for the moment is working and eradicating that rump of long term unemployment that is blighting the US economy as a whole.

The numbers:
The American economy roared ahead last month, as employers added 255,000 jobs, a bigger-than-expected gain that suggests the country’s growth rate may be more robust than thought just two months ago.
Despite the rise in jobs the unemployment number was flat at 4.9%. That would indicate that some more of those dissuaded workers coming in out of their hidden unemployment.
Payrolls climbed by 255,000 last month, exceeding all forecasts in a Bloomberg survey of 89 economists, following a 292,000 gain in June that was a bit larger than previously estimated, a Labor Department report showed Friday. The jobless rate held at 4.9 percent as many of the people streaming into the labor force found jobs.

The importance of this is that we know we’ve got two different sets of unemployed people out there. There’s the short term unemployed and as far as they go we think we’re pretty much at full employment. There always will be some number of people because it takes time to get hired, or to choose between possibilities, between jobs. Thus, given that about 20% of all people move jobs each year, it takes a month or three to make the move, there will always be some percentage of “frictional unemployment”. The other group are those who have been out of work for too long to be getting unemployment insurance and so might not even be registered as unemployed. We want to get these people back into the labour force. And what seems to be happening is that they are coming. Thus we can have jobs growth and no change in the unemployment rate.
Yellen’s gamble has been that this might happen so why not keep interest rates lower for longer. It would appear to be working too.

[Zenotetsuken]

Sadly, Trump being Trump is the only thing that Hillary needs in order to get elected.

[Narwal]

225 jobs add. People who haven't worked in years returning to work. 4.9% unemployment which is very good for the US. Wages are rising.

Why should you care? It's a big boost for Hillary, it could get her elected.






http://www.forbes.com/sites/timworst.../#424cbf0e782f

We’ve just got the July employment numbers for the US and they look like there’s strong job growth going on. 255,000 new jobs this month along with an upward revision of the previous month’s numbers. It looks like the US economy is growing well – and what is most important is that those discouraged workers seem to be coming back into the economy and also that they’re able to find jobs. Thus we might say that Janet Yellen’s little gamble on keeping interest rates low for the moment is working and eradicating that rump of long term unemployment that is blighting the US economy as a whole.

The numbers:
The American economy roared ahead last month, as employers added 255,000 jobs, a bigger-than-expected gain that suggests the country’s growth rate may be more robust than thought just two months ago.
Despite the rise in jobs the unemployment number was flat at 4.9%. That would indicate that some more of those dissuaded workers coming in out of their hidden unemployment.
Payrolls climbed by 255,000 last month, exceeding all forecasts in a Bloomberg survey of 89 economists, following a 292,000 gain in June that was a bit larger than previously estimated, a Labor Department report showed Friday. The jobless rate held at 4.9 percent as many of the people streaming into the labor force found jobs.

The importance of this is that we know we’ve got two different sets of unemployed people out there. There’s the short term unemployed and as far as they go we think we’re pretty much at full employment. There always will be some number of people because it takes time to get hired, or to choose between possibilities, between jobs. Thus, given that about 20% of all people move jobs each year, it takes a month or three to make the move, there will always be some percentage of “frictional unemployment”. The other group are those who have been out of work for too long to be getting unemployment insurance and so might not even be registered as unemployed. We want to get these people back into the labour force. And what seems to be happening is that they are coming. Thus we can have jobs growth and no change in the unemployment rate.
Yellen’s gamble has been that this might happen so why not keep interest rates lower for longer. It would appear to be working too.

Jobs is not the only determining factor of the economy. A good jobs report does not mean a soaring economy. Jobs are almost always good in the Summer. It is the time of year outdoor activities can take place in the country that many times they cannot in the winter. That being said, those numbers aren't "good", they're average... consider that March and April Job growths in the year 2000 was 416,000 and 400,000. We had 15 million less people then too.

[Sunseeker]

As much as I like Obama over the last guy, to be fair the President really doesn't have a lot of direct market influence. The President will mostly affect the attitude of companies towards hiring and people towards working, but it's a very indriect connection.

[PC2]

Yeah because Obama's policy prioritizes the overall economy over economic equality metrics. The same goes for Trump and Hillary.

[matt4pack]

Except many of those jobs are not that great with no benefits which they always forget to mention and why the middle class is shrinking.

The people who put out these articles are way to detached from the real world to understand that.

[Theinquisition]

So which is it leftists?

The Obama God king has magically fixed our economy and everything is awesome thanks to Obama.....

Or.....

The economy is stagnant and wealth inewulity is going to start a revolution?

[Hammerfest]

4.9% unemployment which is very good for the US.

They aren't counting the people who have given up looking for work. They're not being counted. Our real unemployment rate is around 10%.

[Bapestar]

Good on Obama, haters gonna hate.

[Endus]

Jobs is not the only determining factor of the economy. A good jobs report does not mean a soaring economy. Jobs are almost always good in the Summer. It is the time of year outdoor activities can take place in the country that many times they cannot in the winter. That being said, those numbers aren't "good", they're average... consider that March and April Job growths in the year 2000 was 416,000 and 400,000. We had 15 million less people then too.

Any look at the data makes it clear this argument is pretty much nonsense.

GDP per capita in the USA has grown steadily since 2009, a year after Obama took office. Unemployment, comparably, has dropped steadily since 2009. While yes, there's some seasonal variation, the overall trend is VERY clear; this isn't about ideology or politics. If you think unemployment's gotten worse under Obama, you're just flat-out wrong, and haven't been paying attention to any of the data available for years.

And before anyone says "yeah, but more people just aren't looking, what about REAL unemployment?" Well, that's the U6 (the standard unemployment is the U3 measure; the U6 includes other categories including discouraged workers, which are those who've stopped looking). And the U6 behaviour matches the trend in the U3; if anything, it's improving even more rapidly.

The current unemployment rate is already at healthy levels. If you're claiming unemployment is an issue, then you don't understand the issue.

http://www.bls.gov/news.release/empsit.t15.htm For raw data, the BLS.

http://unemploymentdata.com/wp-conte...3-Jul-2016.jpg If you want a graph of the history of U3/U6 data, so you can see the clear downward trend.

This isn't a seasonal bump. Unemployment's at healthy levels, after Obama's 2 terms.

- - - Updated - - -

They aren't counting the people who have given up looking for work. They're not being counted. Our real unemployment rate is around 10%.

Which is nonsense, since nobody has ever included them in the unemployment rate. The U6 isn't any more "real" than the U3; that's just a bit of deliberate propaganda being played by some on the right wing, since the actual data represents a healthy trend and they have to find some way to misrepresent it, to pretend there's a problem.

And like I said; they HAVE been counting them. Since the early '90s. In those other measures. You not realizing that this data has been widely available isn't my problem.

[wdh1974]

Watch clinton cash on youtube and kindly stfu about hillary.

[fengosa]

So which is it leftists?

The Obama God king has magically fixed our economy and everything is awesome thanks to Obama.....

Or.....

The economy is stagnant and wealth inewulity is going to start a revolution?

These arguments aren't mutually exclusive. It's good that we continue to add jobs to the economy. Wages are no longer stagnant but growth is modest. When you further consider the state of the US Budget there's easily an argument to raise taxes on the top.

[Bollocks]

So which is it leftists?

The Obama God king has magically fixed our economy and everything is awesome thanks to Obama.....

Or.....

The economy is stagnant and wealth inewulity is going to start a revolution?

I don't think people are complaining about obama when they talk about wealth inequality ( which has negative effects, though not as dramatic socialist paint the situation like). Most admit that obama did its best given what he received, yet things can be improved.
Although I too hate socialists and their "revolution"

[Endus]

So which is it leftists?

The Obama God king has magically fixed our economy and everything is awesome thanks to Obama.....

Or.....

The economy is stagnant and wealth inewulity is going to start a revolution?

*sigh*.

It isn't either/or. It's entirely possible that the overall economy is strong, while the wealth distribution within that economy is inequitable.

[Kapadons]

So the economy is a little better than it was when we had one of the worst economic crisis in US history. Way to go, I guess.

[TrumpIsPresident]

When you stop counting people who are unemployed the unemployment figures look better.

You really can sell certain people on anything.

[Endus]

So the economy is a little better than it was when we had one of the worst economic crisis in US history. Way to go, I guess.

if by "a little better" you mean "pretty much completely recovered", I guess.

[Packing an i5]

been looking for a job for 4 months and havent found one thanks obama.

[Endus]

When you stop counting people who are unemployed the unemployment figures look better.

You really can sell certain people on anything.

Literally hasn't happened.

The U3 has been measured with exactly the same standards for decades. The U6 has been measuring the people you're complaining aren't counted since the early '90s.

Nobody's been excluded. The data's all been very publicly available.

[xChurch]

So which is it leftists?

The Obama God king has magically fixed our economy and everything is awesome thanks to Obama.....

Or.....

The economy is stagnant and wealth inewulity is going to start a revolution?

Actually, it's that Obama "magically" saved the economy and Congress wouldn't let him try anything that would actually fix it for good.