Unemployment rate falls to 3.9 percent, lowest level since 2000

Unemployment down, NK behaving, and the left only wants to talk about "Stormy".

Neither one of you read the article...

Can you imagine the "Breaking Headline News" banners and announcements that the mainstream media would be touting if this had occurred during Obama's term?  Then you have political hacks like Valorie Jarret who dared to try and give credit for the economic situation to Obama.  Talk about not being able to see the forest for the trees.

You didn't read it either.

The stupidity of liberals, ability to ignore their ignorance

Naio posted:

You didn't read it either.

The Blaze just praised Trump for the same figures that Liarstraigts whines about incessantly. Trump's figures for growth are a meager 2.6 increase. Liarstraights calls those numbers the worst recovery numbers in 100 years or he did when they belonged to Obama's Administration. I'm sure they're 'magical' now and represent greatness.

The U6 unemployment rate for April dropped to 7.8 percent.  The U6 measures all unemployed including those no longer seeking work, usually the discouraged.  The U6 dropped under 9 percent in 2017, the first time its dropped that low in over 9 years.  

Liarstraights: We were told 2% was the new norm. Worst recovery in 100 years.

also Liarstraights: 2.6% growth is wonderful.

I wonder why 2% growth was so horrible for the past 8 years, but acceptable now?

An increase in gas prices, food prices, clothing prices, and inflation... everything is going up except employee wages, the one thing Republicans expected. Imagine that.

Br’er Rabbit posted:

Liarstraights: We were told 2% was the new norm. Worst recovery in 100 years.

also Liarstraights: 2.6% growth is wonderful.

I wonder why 2% growth was so horrible for the past 8 years, but acceptable now?

I believe that for the first quarter GDP growth from 2011 to 2016 were  -1.5, 2.7, 0.1, -0.9, 3.2,and 0.6% respectively for an average of 0.7% for that time period of Ol'bama. 

https://www.statista.com/stati...-real-gdp-in-the-us/

Stanky posted:

Br’er Rabbit posted:

Liarstraights: We were told 2% was the new norm. Worst recovery in 100 years.

also Liarstraights: 2.6% growth is wonderful.

I wonder why 2% growth was so horrible for the past 8 years, but acceptable now?

I believe that for the first quarter GDP growth from 2011 to 2016 were  -1.5, 2.7, 0.1, -0.9, 3.2,and 0.6% respectively for an average of 0.7% for that time period of Ol'bama. 

https://www.statista.com/stati...-real-gdp-in-the-us/

Sorry, I prefer the chart that direstraights posts, regularly.

Per the Department of Commerce's Bureau of Economic Analysis, the average GDP growth for Obama's eight years was 1.8 percent.  That is the worst recovery in over 100 years.  I researched back to 1915.  Please, find a worse recovery, if one can.  My statistics are drawn from the Obama administration.  Perhaps, his people lied.  They were experts at doing so.  But, for what purpose, in this case, I can't imagine.  

direstraits posted:

Per the Department of Commerce's Bureau of Economic Analysis, the average GDP growth for Obama's eight years was 1.8 percent.  That is the worst recovery in over 100 years.  I researched back to 1915.  Please, find a worse recovery, if one can.  My statistics are drawn from the Obama administration.  Perhaps, his people lied.  They were experts at doing so.  But, for what purpose, in this case, I can't imagine.  

That's great, but what exactly makes 2.6% so wonderful while 2.0% is the worst in history? 0.6% growth makes all the difference in the world? Really?

The average GDP for the first five quarters of the Trump administration is 2.5 percent.  Excluding the first quarter, when Obama was still president for 20 days and his legacy lingered on like a rotten carcass, the average is 2.9 percent.

Couple that with U3 unemployment rate of 3.9 percent (lowest in three decades, per above) and the U6 unemployment rate of 7.0 percent (U6 dropped under 9 percent in 2017, the first time its dropped that low in over 9 years.)   

Then, consider the increase in the industrial production index for the last 12 months.

Slowly, but steadily, it appears the US economy is recovering and not lurching along at the bottom, as it did in the past maladministration. 

direstraits posted:

The average GDP for the first five quarters of the Trump administration is 2.5 percent.  Excluding the first quarter, when Obama was still president for 20 days and his legacy lingered on like a rotten carcass, the average is 2.9 percent.

Couple that with U3 unemployment rate of 3.9 percent (lowest in three decades, per above) and the U6 unemployment rate of 7.0 percent (U6 dropped under 9 percent in 2017, the first time its dropped that low in over 9 years.)   

Then, consider the increase in the industrial production index for the last 12 months.

 

Slowly, but steadily, it appears the US economy is recovering and not lurching along at the bottom, as it did in the past maladministration. 

I might note that any present increase in industrial production should be predominately from regulatory reform; it's really too soon to be seeing much effect from the tax cuts yet after just a single quarter. The real world isn't about sudden service via magic wand, it's about slow steady change.

lets look at the GDP graph for a 10 year period.

source: tradingeconomics.com

what was the big deal about The present figures that you didn't see in the last administration? I just see a whole lot of growth, for the last 10 years, with some bad quarters mixed in. I see growth rates of over 4%, under Obama. I can't seem to find where any of you were excited about that, what was the difference? Why praise Trump for the same numbers that you criticized Obama for, it doesn't make sense.

Kraven posted:

Doesn't matter who does the bunny hop, it's the worse recovery

for eight Tears in the failure

 

Now the Liberal Mama Land just lost it's Nuclear BS Card to

lie to the world about the bogus Baraak deal, very dumb deal,

from dumb people...

 

Time will tell how the Middle East deals with the possibility of Iran having nuclear weapons. Israel isn't very happy about it. They may be the first target. I can't see where allowing Iran to develop nuclear weapons would be a good idea for anyone, but Republicans can, evidently.

What exactly does this have to do with the topic of discussion??

Br’er Rabbit posted:

Kraven posted:

Doesn't matter who does the bunny hop, it's the worse recovery

for eight Tears in the failure

 

Now the Liberal Mama Land just lost it's Nuclear BS Card to

lie to the world about the bogus Baraak deal, very dumb deal,

from dumb people...

 

Time will tell how the Middle East deals with the possibility of Iran having nuclear weapons. Israel isn't very happy about it. They may be the first target. I can't see where allowing Iran to develop nuclear weapons would be a good idea for anyone, but Republicans can, evidently.

What exactly does this have to do with the topic of discussion??