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Economics Discuss Economy hits another historic milestone Ė itís about unemployment at the Political Forums; Lowest unemployment in 45 years. I'm sure this is somehow Obama's doing. Maybe Sanjay Gupta can tell us how this ...

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Old 01-18-2018, 10:11 PM
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Default Economy hits another historic milestone Ė itís about unemployment

Lowest unemployment in 45 years.

I'm sure this is somehow Obama's doing.

Maybe Sanjay Gupta can tell us how this translates to Trump having diabetes or somethin'.

https://www.theblaze.com/news/2018/0...t-unemployment

Quote:
The Labor Department reported that an unemployment indicator has plummeted to the lowest in 45 years.

Jobless claims fell by 41,000 to 220,000, hitting the lowest level since February of 1973. This represents the biggest drop since April of 2009.
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Old 01-18-2018, 10:19 PM
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Default Re: Economy hits another historic milestone Ė itís about unemployment



Amazing how Trump fixed the economy years before he became president.

Don't get me wrong, it's good news. It's a good economy Trump inherited and it's till getting better.
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Old 01-19-2018, 10:00 AM
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Default Re: Economy hits another historic milestone Ė itís about unemployment

The unemployment rate is based on the number of people applying for benefits. By extending the benefit period from24 weeks to two years the same formula created an anomaly in the numbers. Also, many people, having participation.exhausted their benefits, couldn't find work and dropped out of the labor market.

This was well known and understood by conservatives when Obama was President. So perhaps touting it now, as a result of the "Trump effect," is incorrect. Certainly, it is questionable.

What is important is the labor participation rate. That has gone up since Trump was elected.
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Old 01-19-2018, 10:56 AM
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Default Re: Economy hits another historic milestone Ė itís about unemployment

Quote:
Originally Posted by WallyWager View Post


Amazing how Trump fixed the economy years before he became president.

Don't get me wrong, it's good news. It's a good economy Trump inherited and it's till getting better.
The unemployment rate is one, and only one, indicator of our economic health. It is also one of the statistics with which the media and politicians can manipulate the data to confuse and conflate.

Your demonstration here is a fine example of how it is done by both sides.

I would add this thought,,,; If unemployment rates were THE indicator, then why was our GDP so abysmal? And why did so many Americans feel disappointed and discouraged in our nation's economic health? Your posted chart should indicate otherwise.
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Old 01-20-2018, 01:17 PM
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Default Re: Economy hits another historic milestone Ė itís about unemployment

We know what President Trump has done to accomplish the reversal in our US Economic decline. What I have yet to hear, is exactly what it was that President Obama did to lower the unemployment rate.

The assumption that the unemployment rate alone is a crowning achievement begs the question. Why?


Between the 1880's and 1920, Administrations operated under the principle that "The business of America is Business." Industrial growth was huge, Financial Institutions grew in size and scope, Retail and Housing industries thrived. And immigrants flocked here in droves to fill those opportunities.

We became the richest nation in the world.

And the middle class, as we know it, was born and grew exponentially.
What policies of the Obama administration mimicked a pro business approach or even using contemporary innovative policies, gave us similar results?

None.

So a singular statistic like unemployment, the formulas of which the government routinely modifies to present more optimistic outcomes, is hardly proof of economic success.

That proof lies in businesses, large and small, starting, and staying, here.

Opportunities for economic growth for our nation as a whole is based on such opportunities and growth for our citizens. All of them, rich, poor white black,,,; even immigrants. Most especially immigrants.

Mass immigration, legal or otherwise, will not spur growth in a country that presents poor opportunity. I suggest we try what worked in the past.

The Business of America, is business.
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