https://www.wsj.com/articles/u-s-added-235-000-jobs-in-february-unemployment-rate-4-7-1489152730 U.S. Added 235,000 Jobs in February; Unemployment Rate 4.7% Job creation remains robust ahead of Fed decision next week The pace of job creation remained robust in February as low unemployment drove up wages, evidence of continued health in the U.S. labor market that likely clears the way for the Federal Reserve to raise short-term interest rates next week. President Trump passes the first test regarding unemployment, jobs and the economy. Congratulations, President Trump. (PS: This does not excuse President Trump from acting like a complete idiot at times- he's got a LONG way to go before he makes us forget all the stupid things he has said and done) (PSS: That being said, you give credit where credit is due- let this be a lesson to you Obama haters who put on your uber-partisan hack hats anytime a positive sign of economic growth emerged. It IS possible to give credit to a President who you do not support on every issue).
Congrats to Trump for continuing Obama's job growth (75 months). Though I haven't heard anything about the labor force participation rate yet...
This has to be a sticky spot for some on the right. To give Trump credit for this job growth and strength of the economy is actually a compliment to the progress of our economy over the last 75 months. However, I am inclined to let Trump take all the credit for this, all of it. Then when things slow down, and they will slow down. He gets to take all of the credit for that. You cant blame your predecessor when you have been taking credit on something for months.
Trump had NOTHING to do with this. He hasn't passed any legislation. His E.O.'s wouldn't have time to do anything than screw things up.
"Look, you can't give credit. . . It's a phony number. . . . The number's 25% and probably higher than that. . . . These are phony numbers put up by politicians to make them look good. When you hear 5% and 4.9%, its not the right number." --Donald Trump
Well.... people better get used to Trump because he has another 90 months left. If the economy is solid, he can say or do anything he wants and he will be reelected.
Obama had a pretty solid economy and Hilary didn't get elected. Clinton had a phenomenal economy and gore was not elected.
We added almost the same number of jobs in February 2016, I think. Companies hire pretty big at the beginning of the year. When Obama's job numbers were good, he could take a victory lap in his go-cart (although Trump would say all the numbers were made up and the unemployment rate is actually 89%). So let Trump have his moment here, even if he claims all the jobs are based off of deals he personally negotiated ("the bigger the lie, the more people will believe it"). The U.S. economy is likely reacting to the fact that there is a new President and the uncertainty of the election is over. Unseasonably warm weather has also spurred a lot of construction growth. You also have a President who's vowed to repeal Obamacare (which many businesses love to hate) and has made dismantling of all regulations a priority (like hiring someone to run the EPA who is a climate change denier and who had sued the same agency a gazillion bazillion times before running it).
I'm very happy for the news, and if Trump has helped create some optimism in the business world, that's great. Seems a tad early to credit him exclusively though, right? This is just continuing a positive trend we've seen for a while. I do think promising tax cuts (we'll see who gets them) and infrastructure (again, we'll see) has helped put a little juice into the markets. Listening to a lot of Bloomberg radio analysts these days, and many of them are gloomy in terms of how much more we can squeeze out of the current economy, in terms of growth. And they're gloomy on stocks being incredibly over-valued in many cases right now. Hope they are wrong.
Looks good now, and I will give credit for the Carrier deal (although bringing back 1000 manufacturing jobs through direct negotiations is not a long term or efficient solution to our economic problems). That said, market expansion isn't infinite. It's as if we forgot the lessons of 2008, or the dot com crash.
LOL... even regarding something so simple as touting the new jobs data Spicer (and Trump) screws up and breaks a Reagan-era Federal rule... https://www.nytimes.com/2017/03/10/business/february-jobs-report-trump-white-house.html
Of course it is too early. But we'll be the better people and give Trump kudos even though he did practically nothing (of course, he created a "huge wave of enthusiasm!" or something like that). But if it goes south, he will get blame regardless.
I am utterly flabbergasted at the blatant hypocrisy just uttered by Sean Spicer and agreed to by Donald Trump. Stop, just stop with the ridiculous "Obama lied, too" bullshit- there is lying, and there is LYING. I dare any of you conservatives to come on here, watch the end of that video, and say that's not an obscene form of hypocrisy. Do you truly understand what they are saying here? "It was phony then, but it's not now." - do you understand how absolutely wrong that is??????? Seriously, do you??
So, you Trump supporters enjoyed getting conned, eh? Because you were CONNED. You were led to believe that the jobs report was BS for years, and now, it's OK? Are you going to agree with President Trump? Are the reports legit now?
