THE JPP LEFT HAS NOT BEEN SPOONFED THEIR MARCHING ORDERS ON HOW TO DEAL WITH THE ASTOUNDING, GREAT ECONOMIC NEWS...JUST TO KEEP TRYING TO KEEP THE NY SLIMES LIES ALIVE...AS PREDICTABLE AS THE SUNRISE....
BOOM!. Great June Jobs Numbers and Growth, as Trumponomics Gets Going Again
- Thread starter Grokmaster
- Start date
A V curve would have employment back to early February by the end of June since a V means the up slope is the reverse of the down slope. We are still about 15 million jobs short of where we were in February. The current slope is more like this..
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.\_-^
We won't be back to February jobs before mid 2021. Florida and Texas are both closing down and we will likely see an increase in unemployment in the next month as the service industry struggles.
50 is the line between growing and contracting. So your argument is we are doing great because we are barely growing after the worst contraction in US history.
NO. WE ARE IN THE MIDST OF THE V RECOVERY.....HANG ON AND WATCH...
jimmymccready
Verified User
(Bloomberg) -- There’s no way around it: Thursday’s U.S. labor reports will be a mess.
While the June jobs data and weekly unemployment claims are expected to show further improvement in a hammered market, the actual trend may not be immediately clear when the Labor Department issues the reports at 8:30 a.m. in Washington. What’s more, the numbers could again be the subject of confusion and debate in the hours and days that follow.
That’s because some of the figures have been beset by data-quality issues, particularly the misclassification of out-of-work Americans as employed. The problem has caused the official unemployment rate to understate the degree of joblessness in America during the pandemic, and a fix would make comparisons between May and June difficult -- an especially sticky situation if the rate rises solely because unemployed people are finally classified correctly.
While the June jobs data and weekly unemployment claims are expected to show further improvement in a hammered market, the actual trend may not be immediately clear when the Labor Department issues the reports at 8:30 a.m. in Washington. What’s more, the numbers could again be the subject of confusion and debate in the hours and days that follow.
That’s because some of the figures have been beset by data-quality issues, particularly the misclassification of out-of-work Americans as employed. The problem has caused the official unemployment rate to understate the degree of joblessness in America during the pandemic, and a fix would make comparisons between May and June difficult -- an especially sticky situation if the rate rises solely because unemployed people are finally classified correctly.
The dumbest thing Trumptards can possibly do is cling to job numbers as the country shuts down again. And with the one exception of California, the states that are getting hammered by the virus are all red state Governors. Florida, Texas, Arizona, Georgia, Tennessee, Alabama, North Carolina, South Carolina, Louisiana. It all adds up to almost 50,000 new cases again today. Those economies are going to get hammered. Trump is a dead man walking, the ultimate lame duck, and he seems to know it.
if were honest this is going to be like the obama recovery. You cant start at the very bottom and not post great numbers.
MY ARGUMENT IS THAT THE ECONOMY IS RECOVERING....DESPITE THE BEST EFFORTS OF THE FAKE NEWS/LYING LEFT/DNC.
NEARLY 10% INCREASE IN POSITIVE MANUFACTURING GROWTH IS TREMENDOUS.
WE ARE WELL ON THE WAY TO "DOING GREAT", AFTER AN UNPRECEDENTED ECONO-SHUT DOWN.
Obama NEVER put up the JOBS GAINS Trump already has this spring....low taxes and de-regulation will be like kerosene on the fire of this economy....
Wow. You are really confused as to what the ISM index is. It doesn't show a 10% increase in positive growth. It shows a 2 point positive growth compared to a 10 point loss the previous month. That positive growth is compared to the previous horrible loss. 50 is the dividing line between loss and gain. If you lose 10 points one month and then gain 2 points the next month, you are still down over 8 points.
Attempting to engage any Trumptard in an economic discussion is a waste of time. Economics is not something they are interested in, because a) it is not a partisan issue, and b) it requires a level of intelligence and nuance that none of them possess. I once encountered a guy who claimed he had written a book on the topic but couldn't articulate what the Labor Force Participation rate was. These clowns don't even know the basics.
Obama never put up the job losses Trump has put up this spring.
The numbers released this morning show over 14 million jobs have been lost in the last 6 months.
https://www.bls.gov/ces/
https://www.bls.gov/news.release/empsit.nr0.htm
Gaining back 7.5 million jobs after overseeing the loss of 22.2 million jobs isn't exactly an argument for someone being competent. He hasn't even gained half the jobs back that were lost.
Yeah.. these are the people that think if they lose 50% of an investment one month and then have a 60% gain the following month think they have more money then they did 2 months ago.
What I find humorous is how they spent all the time during the Obama administration claiming we should be looking at the U6 number and not the U3 and now they are all about the U3 number which we are being told by the BLS seriously under reports the unemployment.
I watched Trump quoting the numbers that someone prepared for him. He clearly didn't understand them, and if someone had been able to ask questions, you could have seen him fumble for the answers, but we know they won't let him do that. This harkens back to the famous argument that the tards used to make during the Obama administration. They would point to Reagans 'record' month of adding new jobs. But they are incapable of context. Reagans record number of jobs created followed the record number of jobs lost. The entire blip was the result of the ATT strike. The second you point that out.... crickets. But they've upped their game now, they just literally ignore the previous loses, and act as if these 'records' occurred in the normal course of economic growth.
jimmymccready
Verified User
The USA will be above 12% UE and 15% greater UE on election day.
The job numbers we had in February 2020 will not surface until January 2022.
Trump can yell all he wants, but the numbers are a very flat rise.
The job numbers we had in February 2020 will not surface until January 2022.
Trump can yell all he wants, but the numbers are a very flat rise.
STUPID FUCK. IT's ALREADY BELOW 12%. (11.1%)
WE JUST ADDED NEALRY 5 MILLON MORE JOBS IN JUNE.
AMRICANS KNOW THAT THE LEFT'S BELIVED SHUTDOWN IS WHAT DAMAGED THE ECONOMY.
THEY ARE NOW WITNESSING THE FASTEST RECOVERY IN HISTORY.
YOU AND YOURS ARE FUCKED...AND YOU KNOW IT.
jimmymccready
Verified User
Grok, until you learn things, be quiet.
DUH...OTAH...
STUPID FUCK; I HAVE A BS IN CHEMISTRY FROM U OF MISSOURI AT ROLLA, NOW KNOWN AS THE MISSOURI INSTITUTE OF SCIECNE AND TECHOLOGY.
HOW ABOUT YOU?
YOU COULDN'T EVEN GET INTO THE SCHOOL, MUCH LESS GRADUATE THE BACHELOR OF SCIENCES PROGRAM, YOU FUCKING AIRHEAD.
I CAN READ WHAT THE JOBS NUMBERS ARE, WHICH IS APPARENTLY MORE THAN YOU CAN MANAGE....