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Thank You, Trump!  No thanks to Obama!

Remember when prog economists told us these jobs were never coming back and 2.2 percent average GDP was the new normal!  

"A gauge of factory activity in the U.S. Upper Midwest improved to the strongest level in over three years in December, led by much stronger readings on new orders and production, according a private survey released on Friday.

Marquette University and the Institute for Supply Management-Milwaukee said their seasonally adjusted index on manufacturing in the Milwaukee region rose to 65.57 this month from 59.62 in November.

The December figure was the highest since November 2014 when it was 68.9.

A reading above 50 indicates regional factory activity is expanding.

The upbeat snapshot of upper Midwest business activity coincided with a jump in a similar measure for the Chicago area.

On Thursday, MNI Indicators and ISM-Chicago said their jointly developed Chicago Purchase Management Index rose to 67.6 in December, the highest since March 2011.

The Marquette University and Milwaukee ISM survey's component on new orders, a proxy on future activity, increased to 88.33 from 66.46 last month, while its production gauge improved to 72.65 from 57.94.

Not all the components improved in December. The survey's employment index fell to 58.67 from 61.73, while its six-month outlook gauge slipped to 71.43 from 73.33."

https://www.reuters.com/articl...-years-idUSKBN1EN19G

BTW, industrial unemployment is 2.7 percent, the lowest in history.

 

TRUTH -- THE NEW HATE SPEECH!

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I don't care what the crying slops say, a pall was lifted off of the country last November, and we still have a long way to go to get out from under the oppression of the demoslops, but hopefully we can. They caused and continue to cause a lot of damage, but every day more and more folks are getting sick of them and speaking up.

As much as  Liarstraights loves his little charts, I wonder how he'll spin this one. Unemployment numbers are falling at the exact same rate they've been falling for the past 8 years.

_________________________________________________

Unemployment figures for December 2017 will be released on Friday, January 5, 2018.

National Unemployment Rates | 2008 - 2017
  Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec.
 2017  4.8  4.7  4.5  4.4  4.3  4.4  4.3  4.4 4.2   4.1  4.1 
 2016  4.9  4.9  5.0  5.0  4.7  4.9  4.9  4.9  5.0   4.9   4.6   4.7
 2015  5.7  5.5  5.5  5.4  5.5  5.3  5.3  5.1  5.1   5.0   5.0   5.0
 2014  6.6  6.7  6.7  6.3  6.3  6.1  6.2  6.1  5.9   5.8   5.8   5.6
 2013  7.9  7.7  7.5  7.5  7.5  7.5  7.3  7.2  7.2   7.2   7.0   6.7
 2012  8.3  8.3  8.2  8.1  8.2  8.2  8.2  8.1  7.8   7.9   7.8   7.8
 2011  9.0  8.9  8.8  9.0  9.1  9.2  9.1  9.1  9.1   9.0   8.6   8.5
 2010  9.7  9.7  9.7  9.9  9.7  9.5  9.5  9.6  9.6   9.6   9.8   9.4
 2009  7.6  8.1  8.5  8.9  9.4  9.5  9.4  9.7  9.8 10.2 10.0 10.0
 2008  4.9  4.8  5.1  5.0  5.5  5.6  5.8  6.2  6.2   6.6   6.8   7.2

 Source: Bureau of Labor Statistics

 

http://www.ncsl.org/research/l...-monthly-update.aspx

Last edited by SirWasabi

betternu said

As much as  Liarstraights loves his little charts, I wonder how he'll spin this one. Unemployment numbers are falling at the exact same rate they've been falling for the past 8 years.

---------------------------------

The closer we came to the end of mobumba

Employers started saving their money after barark snuck in,
scared the hell out of all business with the polls saying, They didn't
know what to expect........
 
The expectation of his exit is shown in the lowest rates ever...
Thank you Trump,,

Thanks, This is what I was looking at before...

If the actual rate is higher than the natural rate, the economy is in a slump (more technically known as a recession), and if the actual rate is lower than the natural rate then inflation is expected to be right around the corner (because the economy is thought to be overheating).Nov 9, 2017

https://www.thoughtco.com/the-...unemployment-1148118

https://www.thoughtco.com/the-...rve-overview-1146802

 

Kraven posted:

betternu said

As much as  Liarstraights loves his little charts, I wonder how he'll spin this one. Unemployment numbers are falling at the exact same rate they've been falling for the past 8 years.

---------------------------------

The closer we came to the end of mobumba

Employers started saving their money after barark snuck in,
scared the hell out of all business with the polls saying, They didn't
know what to expect........
 
The expectation of his exit is shown in the lowest rates ever...
Thank you Trump,,

One comment about the chart: the unemployment numbers seemed to start decreasing faster starting in 2011. I might note that Republicans took the House in November 2010 and in the Senate gained enough seats to block Dem legislation. I suspect that knowing the cast of idiots in the District of Columbia were blocked from creating more stoopid legislation helped.

SirWasabi posted:

Republicans can spin all that want. The charts posted by each one of you show the same steady decrease for the past 8 years. Republicans can ignore the facts all they want, it still doesn't change them.

And dimms can create "facts" all they want, but that doesn't dispute the truth of history:

Obama’s Stimulus: Five Years of Keynesian Fairy Dust

The country just “celebrated” the five-year anniversary of the so-called American Recovery and Reinvestment Act, more commonly referred to as the “stimulus.” The White House wants us to think the legislation was a success, publishing a report that claims the stimulus “saved or created about 6 million job-years” and “raised the level of GDP by between 2 and 3 percent from late 2009 through mid-2011.”

These seem to be preposterous claims. According to data from the Minneapolis Federal Reserve’s interactive website, the current recovery (red line) is the weakest expansion since World War II. And keep in mind that this anemic recovery started in the summer of 2009, right about the same time as the stimulus was beginning. So if the President’s plan was effective, it should be apparent in the growth numbers.

https://www.cato.org/publicati...keynesian-fairy-dust

 

Last edited by Stanky
SirWasabi posted:

Wait, weren't we talking unemployment? Why deflect to another topic?

Tell me SPECIFIC legislation that has been passed by the TRUMP Administration that caused this 'new data'? I'll wait.

If you bothered to look at the link, you would have seen another chart after the teaser:

To be fair, Ol'bama would be second worst, but since so many of the new hires were part time Ol'bamadidn'tcare employees and many other people were cut to part time from full time and would be reflected in the U-6 rate and not the U-3 rate; it's probably a tie for worst. That said, GDP growth is necessary for employment growth. I believe when the GDP rate is less than 2%, there usually isn't any real growth in employment because most economists assume that technology and efficiencies make up about 2% growth. That reality sums up this chart, and yes some of the employment numbers reflect 'Boomers leaving the workforce, both willingly and unwillingly:

Image result for workforce participation rate

 

As to legislation that has produced better than Ol'bama numbers, it will be a year or three from now before we will have a good answer on that. Now as to regulations, now there we have some idea on that because they can have a more immediate effect. Trump has gone the opposite direction from Ol'bama.

Red Tape Rising 2016: Obama Regs Top $100 Billion Annually

http://www.heritage.org/govern...100-billion-annually

Boom: Trump deregulation already saves $378 million, billions next year

http://www.washingtonexaminer....year/article/2642267

Stanky posted:

As to legislation that has produced better than Ol'bama numbers, it will be a year or three from now before we will have a good answer on that. Now as to regulations, now there we have some idea on that because they can have a more immediate effect. Trump has gone the opposite direction from Ol'bama.

Red Tape Rising 2016: Obama Regs Top $100 Billion Annually

http://www.heritage.org/govern...100-billion-annually

Boom: Trump deregulation already saves $378 million, billions next year

http://www.washingtonexaminer....year/article/2642267

So, no legislation passed by the Trump Administration has done anything to change the numbers,at this time,  by your own admission.

And your two big sources are a conservative rag equivalent to the National Enquirer and a Conservative Forum, by their website's admission.

Gotcha.

 

 

SirWasabi posted:
Stanky posted:

As to legislation that has produced better than Ol'bama numbers, it will be a year or three from now before we will have a good answer on that. Now as to regulations, now there we have some idea on that because they can have a more immediate effect. Trump has gone the opposite direction from Ol'bama.

Red Tape Rising 2016: Obama Regs Top $100 Billion Annually

http://www.heritage.org/govern...100-billion-annually

Boom: Trump deregulation already saves $378 million, billions next year

http://www.washingtonexaminer....year/article/2642267

So, no legislation passed by the Trump Administration has done anything to change the numbers,at this time,  by your own admission.

And your two big sources are a conservative rag equivalent to the National Enquirer and a Conservative Forum, by their website's admission.

Gotcha.

 

 

And you believe in instant gratification by magic wand and not by real world actions, gotcha. Only a primitive mind would think that a single man creates a good or bad economy all by himself. Sort of like the belief that thunderstorms are the result of the chief goddess catching the boss god fooling around again.

Stanky posted:
SirWasabi posted:
Stanky posted:

As to legislation that has produced better than Ol'bama numbers, it will be a year or three from now before we will have a good answer on that. Now as to regulations, now there we have some idea on that because they can have a more immediate effect. Trump has gone the opposite direction from Ol'bama.

Red Tape Rising 2016: Obama Regs Top $100 Billion Annually

http://www.heritage.org/govern...100-billion-annually

Boom: Trump deregulation already saves $378 million, billions next year

http://www.washingtonexaminer....year/article/2642267

So, no legislation passed by the Trump Administration has done anything to change the numbers,at this time,  by your own admission.

And your two big sources are a conservative rag equivalent to the National Enquirer and a Conservative Forum, by their website's admission.

Gotcha.

 

 

And you believe in instant gratification by magic wand and not by real world actions, gotcha. Only a primitive mind would think that a single man creates a good or bad economy all by himself. Sort of like the belief that thunderstorms are the result of the chief goddess catching the boss god fooling around again.

Wait, Thor doesn't make thunderstorms?

heil Trump, savior of mankind, destroyer of Obama Policies, Grabber of P****, has saved the American Economy. But a single man can't create an economy all by himself. Sort of like the belief that Hillary can make it rain as a result of catching Bill cheating. Tell me more of how Trump, single handedly, saved our economy while you tell me a single man can't save our economy.

Where did I say that Trump all by hisself is making the economy better. People who decided to invest in their businesses and hire new employees are doing that. The Trump appointees are cutting regulations and businesses seem to like that enough to grow their businesses and hire people. That should be simple enough for any maroon to understand.

 

 

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