Monster November Jobs Report!

evince said:
https://www.thebalance.com/job-creation-by-president-by-number-and-percent-3863218



Which President Created the Most Jobs?
12 Presidents' Jobs Creation by Number and Percent
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Ronald Reagan (1981-1989): Second-Largest Job Creator, Job and Percentage-Wise

President Ronald Reagan aboard Air Force One in 1987. Ronald Reagan Presidential Library
President Reagan added 16.5 million jobs during his eight-year term, a 16.5 percent increase. Reagan was the second-largest job creator both number-wise and percentage-wise. There were 116.1 million people working in December 1988 compared to 99.6 million in December 1980.
Reagan responded to the 1981 recession with Reaganomics. This was expansive fiscal policy based on supply-side economics. Reagan cut the top income tax rate from 70 percent to 28 percent. He also cut the top corporate tax rate from 48 percent to 34 percent. He increased government spending by 2.5 percent a year. His policies doubled the debt. To some extent, trickle-down economics worked as the tax rates at that time fell into the “Prohibitive Range” of the Laffer Curve.
 
Jimmy Carter (1977-1981): Fourth-largest Job Increase

Photo by Bettmann / Getty Images
President Jimmy Carter added 9.8 million jobs, a 10.9 percent increase. He did that by adding $299 billion to the $699 billion debt, a 43 percent increase.
 
evince said:
Bill Clinton (1993-2001): Most Number of Jobs Created.

Karl Gehring/Getty Images
President Clinton added 18.6 million jobs. He was the top job creator in terms of total numbers. It was a 15.6 percent increase, the third-largest percentage increase. There were 137.6 million people employed in December 2000, the end of his term. There were 118.9 million employed at the beginning of his term.
Unlike most presidents, he did this through contractionary fiscal policy. He presided over eight years of steady economic growth without adding to the debt. He created a surplus, reducing the debt by $63 billion. His Omnibus Budget Reconciliation Act of 1993 raised the top tax rate from 28 percent to 36 percent for high-income earners. He increased the top corporate tax rate from 34 percent to 36 percent. He created the earned income tax credit for low-income families and raised the gas tax by $0.43 per gallon.
At the same time, he cut welfare spending. Recipients had to get jobs after two years. His policies cut the number on welfare by two-thirds, to 4.5 million, by 2004.
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number 1
 
evince said:
Ronald Reagan (1981-1989): Second-Largest Job Creator, Job and Percentage-Wise

President Ronald Reagan aboard Air Force One in 1987. Ronald Reagan Presidential Library
President Reagan added 16.5 million jobs during his eight-year term, a 16.5 percent increase. Reagan was the second-largest job creator both number-wise and percentage-wise. There were 116.1 million people working in December 1988 compared to 99.6 million in December 1980.
Reagan responded to the 1981 recession with Reaganomics. This was expansive fiscal policy based on supply-side economics. Reagan cut the top income tax rate from 70 percent to 28 percent. He also cut the top corporate tax rate from 48 percent to 34 percent. He increased government spending by 2.5 percent a year. His policies doubled the debt. To some extent, trickle-down economics worked as the tax rates at that time fell into the “Prohibitive Range” of the Laffer Curve.
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DEBT DEBT DEBT
 
anatta said:
November jobs report:

+266,000 and unemployment drops to 3.5% for November.
October revised up to +156,000.
manufacturing in November: 54k added.
Labor participation 63.2%
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This will make leftist snowflakes sad; America is doing great. ;)

Market is up 300 plus points this morning. I can hear the catatonic crying now. :laugh:

So this continues to beg the question; who in their right mind would want to return to the malaise of Obamunism or the economy killing plans the idiots in the Party of the Jackass are promoting? ;)
 
anatta said:
The Numbers

■ 266,000 jobs were added in November. Analysts had expected a gain of about 180,000, according to MarketWatch.

■ The unemployment rate was 3.5 percent, down from the previous month.

■ Average hourly earnings rose 0.2 percent, with a year-over-year gain of 3.1 percent.
The Takeaway



Among businesses, worries about the economy seemed to peak this summer.
Since then, there have been signs that the slowdown was slowing, said Joe Galvin, chief research officer of Vistage, an association of small-business owners and executives.

Roughly 60 percent of the 654 employers surveyed in November by Vistage said they planned to expand head count next year. Just 4 percent are planning cuts.
https://www.nytimes.com/2019/12/06/business/economy/jobs-report.html
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Unemployment at a fifty year low. This is what economists define as FULL employment. :thumbsup:
 
anatta said:
lol are you really curious? OK.
He took a pent up economy by regulations and let them loose and along with corporate taxcuts
that helped bring back jobs from overseas.
It also simplified tax for individuals and reduced the number of filers -there was some cuts too

Just wait till NAFTA 2and an eventual China trade deal ( assuming his relection) gets done.

He will have completely changed trade to leverage the size of the US economy in bi-lateral relations
while growing the aggregate size of the economy by a couple trillion ?( exact number unknown)

China is stagnant and shrinking, we are still booming
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:thumbsup:
 
evince said:
The U.S. added 2.2 million jobs in 2016, on top of 2.7 million jobs gained in 2015, according to the Bureau of Labor Statistics. In fact, there has been growth of at least 2 million jobs in each of President Obama’s last six years in office, and there have been 75 consecutive months of jobs growth, a modern-day record.




https://money.com/money/4636761/jobs-barack-obama-presidency/
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remember when republicans called the RECORD BREAKING GROWTH UNDER OBAMA A FAILURE?????



now a month or two is awesome under Trumputin
 
ThatFOWLWoman said:
I'm curious -- you evidently give Trump credit for this. What, exactly, has he done to earn that credit?
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anatta said:
lol are you really curious? OK.
He took a pent up economy by regulations and let them loose and along with corporate taxcuts
that helped bring back jobs from overseas.
It also simplified tax for individuals and reduced the number of filers -there was some cuts too

Just wait till NAFTA 2and an eventual China trade deal ( assuming his relection) gets done.

He will have completely changed trade to leverage the size of the US economy in bi-lateral relations
while growing the aggregate size of the economy by a couple trillion ?( exact number unknown)

China is stagnant and shrinking, we are still booming
Click to expand...

ThatFOWLWoman said:
Yes, I am curious. I have yet to see any comprehensive and credible compilation of what the failed businessman has done to effect the economy for the good. (The tariffs have not done that, obviously). What regulations, specifically?

Which jobs in which industries, specifically? Can you cite some companies who had outsourced and now have those same jobs here? Customer service phone jobs do not count.

I'll stipulate that the tax bill was a bonanza for the already-wealthy. So how does simplifying a tax return form boost the economy? Can you show us how the average American worker is making much more than he/she was before that tax bill passed?

Why didn't he do this stuff when he had both chambers and two years to do it in?

Will this be in addition to the rapidly-burgeoning debt?

Like us, China is a maturing economy. Doesn't matter; we're not discussing them.

So essentially you cannot provide any specifics that 45 has done that boost the economy. I notice that you also left out GDP. Why's that?
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^^This is why you cannot argue with a dishonest leftist moron. Good luck Anata :rolleyes:
 
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