How about some good news?

[echo4747]

2018 2nd quarer GDP numbers in 4.1%

https://www.cnbc.com/2018/07/27/us-markets-bumper-earnings-gdp-data-in-focus.html

 

[umbrella39]

AP FACT CHECK: Trump overstates economy claims

WASHINGTON — President Donald Trump is prematurely claiming he proved naysayers wrong in boosting U.S. economic growth.

Speaking at events Thursday in Iowa and Illinois, Trump claimed victory in advance of Friday's government release of quarterly gross domestic product data, saying "nobody thought we were going to be this great" and that when he became president, "those numbers were bad."

In fact, the skepticism from economists has centered more on whether strong GDP growth would be sustainable after a few quarters. That question has yet to be answered; it's not unusual for the economy to surge forward temporarily.

Trump also falsely repeated a claim that the U.S. economy is the best "we've ever had" and incorrectly asserted that Canada's trade market is "totally closed."


TRUMP, on GDP figures: "On Friday, numbers come out and I don't know what they are, but there are predictions from 3.8 to 5.3. ... Nobody thought we were going to be this great. ... When I took over those numbers were bad, and they were heading in the wrong direction, because of regulation. Really the taxes were too high ... jobs were, forget it." — remarks at workforce event in Peosta, Iowa.

THE FACTS: Economists do expect a strong number for growth in the April-June quarter, but it is likely to be a temporary bounce. And the U.S. economy wasn't doing nearly as bad before Trump took office as he suggests.

More false claim debunking and bullshit found here:

http://www.startribune.com/ap-fact-check-trump-overstates-economy-claims/489312531/

 

[Thebobo]

Give me a slow and steady

 

[realibrad]

One of the big problems we still have is participation. In 2008 we averaged right around 66%. Today we are at about 63%.

 

[SMOGZINN]

"Unemployment rate only dropped because more people are out of labor force & have stopped looking for work. Not a real recovery, phony numbers" Trump on Twitter 8:58 AM - 09-07-2012

 

[vi edit]

One of the big problems we still have is participation. In 2008 we averaged right around 66%. Today we are at about 63%.

How much of that is attributed to boomer retirement? I think they are bailing faster than workers are replacing.

 

[realibrad]

How much of that is attributed to boomer retirement? I think they are bailing faster than workers are replacing.

http://cepr.net/blogs/beat-the-pres...son-for-the-drop-in-labor-force-participation

In the long shadow of the recession, the share of the population in the work force sunk to 62.4 percent in September, the lowest level in nearly 40 years. The government calculates that number by counting the people who have a job or are actively looking for one. That means students, retirees and stay-at-home parents are generally not considered part of the labor force.

Actually, the main reason the labor force participation rate (LFPR) has fallen has been a drop in the LFPR among prime age workers (ages 25–54). This peaked in 2000 at 82.8 percent in early 2000. In September of 2015 it bottomed out at 79.2 percent, 3.6 percentage points below its 2000 peak. The drop in LFPR in the recession and weak recovery has been primarily a story of workers in their prime working years leaving the labor force, not baby boomers retiring or young people staying in school longer.

https://www.bls.gov/opub/ted/2017/l...projected-to-decline-in-the-coming-decade.htm

Although the 25-to-54-year-old group shows the strongest attachment to the labor market, its participation rate has been gradually declining since 2000 and is expected to change little over the coming decade. The participation rates of both 16-to-19-year-olds and 20-to-24-year-olds have decreased sharply over the past several decades. Their rates are expected to decline further, although at a slower rate.

The link to the BLS page is pretty telling. If you look at data they say this.

The participation rates for teenagers and young adults. With increased school enrollment at all levels, especially the secondary and college levels, more young people than ever before are continuing their education in hopes of getting better paying jobs in the future. The participation rates of both 16-to-19-year-olds and 20-to-24-year-olds have decreased sharply over the past several decades. Their rates are expected to decline further, although at a slower rate.

Changing participation rates by gender. The participation rate of women peaked in 1999 after a half century of rapid growth. However, since 1999, their participation rate has trended down and is projected to continue trending downward. The labor force participation rate for men has been declining since the 1940s. This trend is expected to continue to 2026 as well.

Older people are pretty much flat, but its younger people that are not being part of the labor force.

 

[imported_tajmahal]

More good news and more progressive assholes lying about good news because it's due to President Trump's political actions.

 

[umbrella39]

Reality and truth... far left leaning liberal biases...

No one cares what Kalyan thinks...

 

[Amused]

Trump once said jobs numbers are fake. Maybe that was under the Negro’s administration?

Quoted for emphasis.

THIS is the real story here.

The employment trends started under Obama have not changed.

Trump is using the same unemployment statistics from the same agencies Obama used. Yet he called the numbers under Obama "Fake." As did all of the GOP.

 

[echo4747]

Economy adds more jobs than expected in August, and wage growth hits post-recession high
https://www.cnbc.com/2018/09/07/us-nonfarm-payrolls-aug-2018.html

 

[MomentsofSanity]

Economy adds more jobs than expected in August, and wage growth hits post-recession high
https://www.cnbc.com/2018/09/07/us-nonfarm-payrolls-aug-2018.html

Still rolling along but some concerns out there, specifically, the slow down in global trade. This can very often signal a recession incoming as it did in both 2000 and 2008.

 

[gorcorps]

Quoted for emphasis.

THIS is the real story here.

The employment trends started under Obama have not changed.

Trump is using the same unemployment statistics from the same agencies Obama used. Yet he called the numbers under Obama "Fake." As did all of the GOP.

It's almost as if whatever talking head that's put in charge doesn't have the direct effect on the economy that some people (including those leaders themselves) think they do

 

[soundforbjt]

Yet, manufacturing LOST 2,000 jobs. I thought all those manufacturing jobs were coming back, isn't that what Trump & repubs constantly tell us?

 

[Doc Savage Fan]

This is good. Finally seeing some decent wage growth.

 

[MooseNSquirrel]

More good news and more progressive assholes lying about good news because it's due to President Trump's political actions.

Go ahead, prove that it isnt a trend line based on Obama's economy.

And then when you fail, find me the peer reviewed studies that show how the tax cuts for the rich had any effect on that trend line.

And you will fail at that of course because no such thing exists so remind again why we needed a tariff war?

Oh right stupid old guy doesnt understand economics but has strong feelings that resonate well with the uneducated.

 

[ElFenix]

This is good. Finally seeing some decent wage growth.

Don't worry, the Fed is about to take care of that

 

[ecogen]

This is good. Finally seeing some decent wage growth.

If only wage growth equaled real wage growth, unfortunately it doesn't.

https://www.bls.gov/news.release/pdf/realer.pdf

 

[Paratus]

Don't worry, the Fed is about to take care of that

I’m a bit ignorant in this area. What’s the Fed going to do besides raise interest rates?

Or will the rising interest rates eat up any minimal wage growth?

 

[ElFenix]

I’m a bit ignorant in this area. What’s the Fed going to do besides raise interest rates?

Or will the rising interest rates eat up any minimal wage growth?

raise interest rates which tends to reduce business activity which tends to hold wages in line.

 

[sportage]

Sorry to dump on the GOOD NEWS parade, but realistically one needs to look at the condition of the "STATES" and not at the over-all for a true reading.
Sure, the stock market is doing great, BUT... states are hurting, really hurting.
State taxes and fees are rising faster than ever.
Sure, employment and jobs are out there to be had, BUT... look at what is available.
Mostly low wage jobs in the fast food industry, and stuff like that.
You can't raise a family on low wage.

THANK GOD Obama drew attention to the WAGE during his term, something that Donald Trump HAS NOT done AT ALL....
But at least thanks to Obama we got businesses going from minimum wage up to $10 - $15 dollars an hour.
THAT is a huge achievement that NO ONE gives Obama credit for achieving.
And note... not ONE SINGLE WORD from this republican congress OR from this republican president addressing low wage in America. NOT A SINGLE PEEP!

States are hurting, BAD.
And Trump's tax fiasco hurt States (and the people) even more.
This will become quite evident... painfully evident... when tax time rolls around April 2019.
Come April 2019 tax payers will realize just how Donald Trump "limited" and "eliminated" many of those tax benefits that tax payers have enjoyed in years past.
But no more....
Yep! No more breaks thanks to Donald Trump.
And THAT is the huge elephant in the room when it comes to Trump's tax reform.
The elephant that no one has yet discovered or realized UNTIL they do their taxes come 2019.
THEN.... the shet will hit the fan.
Taxpayers will be asking WHAT THE F HAPPENED?
Why am I getting so much less back this time around than I did last time around?
Reason?
Donald J Trump.

States that have natural resources available, like the Dakota's with oil and Texas with oil, those natural resourced states are doing just fine. And their people are paying reasonable state taxes and fees, or paying none at all, due to that states income from natural resources.
But all those other states....?
They are hurting. And passing the hurt onto their citizenry.
What else can they do?
Donald Trump's tax reforms hit them states very hard.

So GOOD NEWS you say?
Sure, if you're a CEO for Exxon or goldman sachs. Or... a member of the Walmart family.
But everyone else?
Lots of low wage jobs out there, along with stagnated incomes, and ever rising prices for food and for utilities.
So.... Just say thank you der fuhrer Donald Trump.
You have our backs.
Too bad we had to bend over to feel it.

 

[Doc Savage Fan]

Don't worry, the Fed is about to take care of that

Yeah...it sucks that we have to pay the price for all that Quantitative Easing under Obama. But don't worry, Trump's fiscal policy is working like a champ.

 

[nickqt]

Yeah...it sucks that we have to pay the price for all that Quantitative Easing under Obama. But don't worry, Trump's fiscal policy is working like a champ.

Every minute.

 

[UNCjigga]

But don't worry, Trump's fiscal policy is working like a champ.

Yup, working like a champ.

 

[ivwshane]

Yup, working like a champ.

Its funny how "conservatives" are for small government and a free market economy, until they aren't.