Yet another strong jobs report.

[Mina]

The economy just added another 390,000 jobs in May -- extending a mind-blowing streak of huge jobs gains every month since January 2021 (we lost jobs in December 2020). During that time, the worst month had 263,000 jobs created, which is still above average. Overall, for all the full months with Biden in office, we've added a total of 8.665 million jobs.

So, when was the last time we added that many jobs over a period of that length? It's a trick question. It never happened. Before Biden took office, the most jobs added in a period of this length was 6.082 million, back at the start of WWII. So, we just blew the old record out of the water by over 42%!

Even in proportional terms, it's extraordinary growth -- the best in almost 40 years.... and all the more amazing because it was achieved in a setting of falling deficits and rising interest rates. The other times in history when payrolls expanded this much proportionally were periods of massive fiscal and monetary stimulus, not fiscal and monetary drag.

Other good news includes the fact the labor force participation rate edged up... in effect the unemployment rate held steady because even as jobless people were being hired, "discouraged workers" (people who weren't even looking for a job before, meaning they didn't count as unemployed) were returning to the market. This also led to the employment-population ratio edging up a bit.

We're still not quite back to where we were at the end of 2019, but we're very close. Back then, we had 151.789 million jobs, and now it's 151.682 million. If we keep on the present pace, we'll beat that 2019 number next month, and set a new all-time high sometime this summer. The Fed is trying to cool the economy, so it's far from certain that'll happen, but for now workers have it good, with the ability to demand raises, benefits, and decent treatment from their bosses.

 

[Jarod]

They will ignore this.

Lowest black unemployment EVER, JOE BIDEN!!!

 

[PoliTalker]

Hello Mina,

The economy just added another 390,000 jobs in May -- extending a mind-blowing streak of huge jobs gains every month since January 2021 (we lost jobs in December 2020). During that time, the worst month had 263,000 jobs created, which is still above average. Overall, for all the full months with Biden in office, we've added a total of 8.665 million jobs.

So, when was the last time we added that many jobs over a period of that length? It's a trick question. It never happened. Before Biden took office, the most jobs added in a period of this length was 6.082 million, back at the start of WWII. So, we just blew the old record out of the water by over 42%!

Even in proportional terms, it's extraordinary growth -- the best in almost 40 years.... and all the more amazing because it was achieved in a setting of falling deficits and rising interest rates. The other times in history when payrolls expanded this much proportionally were periods of massive fiscal and monetary stimulus, not fiscal and monetary drag.

Other good news includes the fact the labor force participation rate edged up... in effect the unemployment rate held steady because even as jobless people were being hired, "discouraged workers" (people who weren't even looking for a job before, meaning they didn't count as unemployed) were returning to the market. This also led to the employment-population ratio edging up a bit.

We're still not quite back to where we were at the end of 2019, but we're very close. Back then, we had 151.789 million jobs, and now it's 151.682 million. If we keep on the present pace, we'll beat that 2019 number next month, and set a new all-time high sometime this summer. The Fed is trying to cool the economy, so it's far from certain that'll happen, but for now workers have it good, with the ability to demand raises, benefits, and decent treatment from their bosses.

If it was Trump he would be crowing like a banshee and breaking his arm patting himself on the back.

And Republicans would be eating it up like berries off the vine.

Democrats are more realistic. They better understand that while the president has some influence over this there are vast circumstances beyond his control.

Trump would claim credit and his followers would laud him with it but Biden just quietly does the right thing and leads us with maturity and dedication to public service.

I support the good guy, the realistic guy.

 

[Cypress]

The economy just added another 390,000 jobs in May -- extending a mind-blowing streak of huge jobs gains every month since January 2021 (we lost jobs in December 2020). During that time, the worst month had 263,000 jobs created, which is still above average. Overall, for all the full months with Biden in office, we've added a total of 8.665 million jobs.

Trump practically guaranteed that if Biden were elected there would be a massive economic depression.

 

[Granule]

The economy just added another 390,000 jobs in May -- extending a mind-blowing streak of huge jobs gains every month since January 2021 (we lost jobs in December 2020). During that time, the worst month had 263,000 jobs created, which is still above average. Overall, for all the full months with Biden in office, we've added a total of 8.665 million jobs.

So, when was the last time we added that many jobs over a period of that length? It's a trick question. It never happened. Before Biden took office, the most jobs added in a period of this length was 6.082 million, back at the start of WWII. So, we just blew the old record out of the water by over 42%!

Even in proportional terms, it's extraordinary growth -- the best in almost 40 years.... and all the more amazing because it was achieved in a setting of falling deficits and rising interest rates. The other times in history when payrolls expanded this much proportionally were periods of massive fiscal and monetary stimulus, not fiscal and monetary drag.

Other good news includes the fact the labor force participation rate edged up... in effect the unemployment rate held steady because even as jobless people were being hired, "discouraged workers" (people who weren't even looking for a job before, meaning they didn't count as unemployed) were returning to the market. This also led to the employment-population ratio edging up a bit.

We're still not quite back to where we were at the end of 2019, but we're very close. Back then, we had 151.789 million jobs, and now it's 151.682 million. If we keep on the present pace, we'll beat that 2019 number next month, and set a new all-time high sometime this summer. The Fed is trying to cool the economy, so it's far from certain that'll happen, but for now workers have it good, with the ability to demand raises, benefits, and decent treatment from their bosses.

Makes sense after coming out of a pandemic, but don't thank Biden; that shit head would have us masked and basemented indefinitely if he had his way.

 

[Cypress]

Overall, for all the full months with Biden in office, we've added a total of 8.665 million jobs.

If you mathematically sum up the net gains

In the 17 years of Clinton, Obama, Biden there were collectively 37 million jobs added.

In the 16 years of Poppy Bush, George Dumbya, Trump collectively there were basically zero jobs added.

 

[gfm7175]

So, when was the last time we added that many jobs over a period of that length?

When's the last time that Demonkkkrats across the country shut down economic production (leading to massive job losses) in the name of a disease with symptoms akin to a mild flu virus??

A portion of the jobs that were lost, and have since been returning, is not "job creation", dude... You need to learn how to think instead of completely ignoring extremely relevant information in the name of "Demonkkkrats good!!"


Edit: If you'd be paying attention, you'd see that small businesses (defined as businesses with 1-49 employees) have still been LOSING jobs... They are generally having a really rough time under the Brandon Admin economic and energy policies...

 

[Mina]

When's the last time that Demonkkkrats across the country shut down economic production (leading to massive job losses) in the name of a disease with symptoms akin to a mild flu virus??

Right wingers imagine if they lie consistently enough, what they've said will become the truth. COVID isn't in any meaningful sense similar to a mild flu. The worst flu season of the modern era killed 61,000 Americans. The mildest killed 12,000. COVID has killed about half a million per year. So, we're talking about something eight times as bad as the flu at its worst, and 40 times as bad as a mild strain of flu.

A portion of the jobs that were lost, and have since been returning, is not "job creation", dude.

That's semantics. If you want to invent a brand new rule, never before observed, saying that jobs are only "created" when we've set a new all-time high, fine. No point arguing your silly word games. But if you check any historical economic coverage, you'll see that was never before how the term was used. For example:

https://money.cnn.com/2004/09/03/news/economy/jobless_august/
https://www.americanprogress.org/article/labor-market-challenges/

As you can see, those reports, from back in 2004, referred to the economy creating jobs. At the time, though, the total job count remained below the high set in February 2001. It's a consistent approach, among business people, financial analysists, economists, government agencies, and all other educated people to refer to jobs added in a month as jobs created, whether or not it's a new all-time high. That's why the word games only result in the person playing them looking like a joke.

If you'd be paying attention, you'd see that small businesses (defined as businesses with 1-49 employees) have still been LOSING jobs

That's good to hear. If we're gaining this many jobs at a time when smaller businesses are losing them, that means bigger businesses are gaining even more than I thought, to more than make up for that. As you probably know, employees at bigger businesses tend to have higher pay and superior benefits, as well as more labor protections. So, if, even as we greatly expand payrolls, we're also shifting people to superior jobs at large employers, that's really fantastic news!

 

[Mina]

Hello Mina,



If it was Trump he would be crowing like a banshee and breaking his arm patting himself on the back.

And Republicans would be eating it up like berries off the vine.

Democrats are more realistic. They better understand that while the president has some influence over this there are vast circumstances beyond his control.

Trump would claim credit and his followers would laud him with it but Biden just quietly does the right thing and leads us with maturity and dedication to public service.

I support the good guy, the realistic guy.

Biden's modest, which is why I'm happy to do some of his crowing for him.

 

[Mina]

Makes sense after coming out of a pandemic, but don't thank Biden; that shit head would have us masked and basemented indefinitely if he had his way.

Well, as you'll recall, it wasn't always this way coming out of a pandemic. As recently as December 2020 we were actually LOSING jobs. The consistency only showed up shortly after that. Once Biden took office, we went right on gaining a lot of jobs, month after month, regardless of whether the pandemic was getting better or worse at the moment. Compare December 2021 to December 2020, for example.

 

[Mina]

If you mathematically sum up the net gains

In the 17 years of Clinton, Obama, Biden there were collectively 37 million jobs added.

In the 16 years of Poppy Bush, George Dumbya, Trump collectively there were basically zero jobs added.

Yep. The consistency of Republican under-performance, when it comes to jobs, is amazing. Even Reagan, who is their one white knight on this topic, actually had lower job creation rates than the Democrats before and after him. His numbers were great for a Republican, but would have been nothing special for a Democrat.

 

[PoliTalker]

Hello Mina,

Well, as you'll recall, it wasn't always this way coming out of a pandemic. As recently as December 2020 we were actually LOSING jobs. The consistency only showed up shortly after that. Once Biden took office, we went right on gaining a lot of jobs, month after month, regardless of whether the pandemic was getting better or worse at the moment. Compare December 2021 to December 2020, for example.

Trump claimed we were coming out of the pandemic from about two weeks in, and onward until he was thrown out of office. And the whole time, the economy just melting down...

 

[PoliTalker]

Hello Mina,

Yep. The consistency of Republican under-performance, when it comes to jobs, is amazing. Even Reagan, who is their one white knight on this topic, actually had lower job creation rates than the Democrats before and after him. His numbers were great for a Republican, but would have been nothing special for a Democrat.

Republicans get credit. Democrats get blame. That's the way it is with all these greedy talk pundits who don't mind selling America down the drain for big bux. Right wing talk pundits are so out of whack with reality it would surprise no one if Alex Jones began claiming Uvalde never happened. And he would have a following if he did.

 

[Cypress]

Yep. The consistency of Republican under-performance, when it comes to jobs, is amazing. Even Reagan, who is their one white knight on this topic, actually had lower job creation rates than the Democrats before and after him. His numbers were great for a Republican, but would have been nothing special for a Democrat.

The laws of probability are well established, and a consistent difference in job creation over three decades plus and over six presidential administrations cannot be swept under the rug as a fluke.

 

[PoliTalker]

Hello Cypress,

Trump practically guaranteed that if Biden were elected there would be a massive economic depression.

And right wing voters swallowed it hook line and sinker.

Actually, Trump told them before sending them to the US Congress to stop the certification that if they didn't fight like hell they would not have a country any more.

And now here we are. The certification went through, and (amazingly? - not!) we still have a country.

 

[Granule]

Well, as you'll recall, it wasn't always this way coming out of a pandemic. As recently as December 2020 we were actually LOSING jobs. The consistency only showed up shortly after that. Once Biden took office, we went right on gaining a lot of jobs, month after month, regardless of whether the pandemic was getting better or worse at the moment. Compare December 2021 to December 2020, for example.

What other pandemic are you referring to? Nothing's ever come close to this mandatefest. All we know is, the economy was crippled until Biden was compelled to let go. It only makes sense that jobs would be coming back once the economy was freed from that lunatic's grip.

 

[Cypress]

Hello Cypress,



And right wing voters swallowed it hook line and sinker.

Actually, Trump told them before sending them to the US Congress to stop the certification that if they didn't fight like hell they would not have a country any more.

And now here we are. The certification went through, and (amazingly? - not!) we still have a country.

For sure, Trump's fawning fan boys nodded their heads vigorously in agreement when Trump screamed the economy and country would collapse if Biden were elected, but now they want to claim they always expected an economic jobs boom during a Biden administration.

 

[floridafan]

Makes sense after coming out of a pandemic, but don't thank Biden; that shit head would have us masked and basemented indefinitely if he had his way.

You gave trump credit for everything positive during his tenure, Biden deserves the same.

 

[floridafan]

What other pandemic are you referring to? Nothing's ever come close to this mandatefest. All we know is, the economy was crippled until Biden was compelled to let go. It only makes sense that jobs would be coming back once the economy was freed from that lunatic's grip.

The economy was hurting, solely because trump lied about every facet of the pandemic. Had he been truthful from the beginning, things wouldn't have been nearly as bad.

 

[Mina]

What other pandemic are you referring to? Nothing's ever come close to this mandatefest.

I'm referring to the COVID pandemic. Under Trump, when the virus flared up again in December 2020, we lost jobs. Under Biden, we had a similar seasonal surge in December 2021, but the economy kept creating jobs at a robust pace. That's not about lockdowns, since there were few meaningful ones after late Spring 2020. It's about public confidence. In December 2021, thanks to vaccines and a general sense that the grownups were back in charge, people were confident to continue life more or less as normal, and jobs kept growing, whereas in December 2020, even with the economy open for business in a de jure sense, it was partly closed in a de facto sense, because people lacked that confidence and took themselves out of circulation.