Another terrible jobs number

<blockquote class="twitter-tweet" lang="en"><p lang="en" dir="ltr">Bush inherited 4% unemployment, and doubled it. Obama faced 10% unemployment in his first year—and cut it in half. <a href="http://t.co/W032mvCzsY">pic.twitter.com/W032mvCzsY</a></p>&mdash; Dan Diamond (@ddiamond) <a href="https://twitter.com/ddiamond/status/649931976636506112">October 2, 2015</a></blockquote>
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What a stupid thread.

 

consider the source

 

Hey texxie! How about this metric?

67 straight months of continuous job growth!

From that bastion of liberalism Forbes.

Obama Outperforms Reagan On Jobs, Growth And Investing

FACT baby

 

he's still hiding from his treasonous thread about putin.

 

so you are saying worthless?? 10% unemployment with a slightly higher participation rate is better then what it currently is?

uhm ok

 

Obama is out-Reaganing Reagan?

Has the Conservative Messiah returned?

 

U.S. Adds 271,000 Jobs in October, A Strong Upside Surprise. The headline unemployment rate was 5%, the lowest since April 2008.

http://www.foxbusiness.com/economy-...ctober-strong-upside-surprise/?intcmp=fnhpfbc

 

you dug so deep you forgot to mention presidents always benefit from being part of cyclical macroeconomics for no good reason and the entire premise of your thread is partisan hacking that blew up in your face.

I love it when people say they need to "dig deeper" on a local maxima without even wondering about the global maxima.

 

Interesting that you think its bad that 55+ year olds get jobs, and also bad when they leave the workforce and drop the participation rate. It seems your ideal world has them seeking jobs but not getting them.

 

Salaries have not increased partly because the jobs market has become international where American workers are directly competing with foreign workers. Lots of jobs are now capable of being offshored: manufacturing, data management, call services etc. Others are being replaced with technologies or made so efficient that fewer workers are needed.

That seems a bigger trend than anything political.

 

Salaries have no increased because corporations are benefitting from an increased global supply of labor. Nothing any president can do about that.

 

Hilarious. I think that his ideal world while some folks occupy the white house, and will change when other folks occupy the white house.

 

And if you look at the data, you'll see there is a ~1M YoY increase in jobs in both age groups.

 

I think depends on sectors.

There was ~2% increase last year overall. Factor in inflation and that's probably close to no increase, although 2015 is running at 0% inflation so far (thx oil).

But in my field, IT / PC, the increase, at least locally is much higher and seems to be accelerating a bit. It was 0 or negative a few years ago.

I'm sure those in the oil field is seeing a negative this past year also.

Not sure about other fields, but I think Manuf is still bad while services and health is increasing.

 

Jobs aren't being added fast enough to keep up with population growth

 

Wrong.

 

A committed president could wipe out enough foreign populations that American workers would be in greater demand. I tell you what.