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  #421  
Old 06-11-2018, 06:58 PM
Chicks Chicks is offline
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Originally Posted by whell View Post
Yeah, its just horrible out there.

Employers are offering their summer workers higher wages this year, according to recently released surveys.

With unemployment matching a record low at 3.8 percent, more companies are willing to offer the maximum hourly wage they feel their business can afford rather than the minimum required by law, according to a survey of 1,000 hiring managers in the retail, restaurant and hospitality sectors, conducted by Wakefield Research.

About 74 percent of respondents plan to pay an hourly wage of at least $11, compared to last year when only 53 percent of employers planned to pay the same or more. Just 12 percent said they would pay the minimum wage this summer, down from 18 percent in 2017.


Also:

The vast majority (88 percent) of employers expect to transition some summer hires into permanent roles, up from 79 percent last year, according to CareerBuilder.

"Historically, companies have approached summer hires as people that are just there to cover for the full-time employees," said Brian Kropp, HR practice leader at global business advisory and technology company CEB, an affiliate of Gartner.

Employers need to change that mindset with the economy at full employment, he added. "They need to approach the employees they are bringing on for the summer with the goal of trying to convince the best ones that they should take a full-time job with the company after the summer, or as soon as they are able. Rather than treat summer hires as fill-ins, they need to create a great experience for them to get them to accept a full-time offer."
Entirely due, of course, to the 92 consecutive months of economic recovery, mostly under Obama’s great leadership, which Donny’s idiot administration has not yet had time to completely destroy. Recession coming in 2019 or 2020 by many accounts, and there’ll be hell to pay. Maybe when it happens you will wake up, but I’m afraid you’re simply too stupid.
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  #422  
Old 06-13-2018, 02:35 PM
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whell whell is offline
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Quote:
Originally Posted by Chicks View Post
Entirely due, of course, to the 92 consecutive months of economic recovery, mostly under Obama’s great leadership, which Donny’s idiot administration has not yet had time to completely destroy. Recession coming in 2019 or 2020 by many accounts, and there’ll be hell to pay. Maybe when it happens you will wake up, but I’m afraid you’re simply too stupid.
This, of course, is the same mindset that credited Bush with Obama's under-performing economy a full 7 years into Obama's presidency.
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  #423  
Old 06-13-2018, 03:54 PM
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whell whell is offline
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Meanwhile, just horrible news for the Dems today.

The Federal Reserve raised its outlook on U.S. economic growth on Wednesday.

The median real GDP forecast rose to 2.8 percent, up from 2.7 percent, for this year. There were no changes for 2019 and 2020, and the longer run median forecast remained 1.8 percent.

Economic activity has been rising at a "solid" rate, the Fed's statement said, marking an upgrade from "moderate" in the previous statement. The central bank raised its benchmark short-term interest rate a quarter of a percentage point on Wednesday and indicated two more hikes will likely come this year.

Policymakers also lowered their expectations for the unemployment rate. The median projection for this year fell to 3.6 percent, down from 3.8 percent. For 2019 and 2020, the median expectation for the unemployment rate declined to 3.5 percent, from 3.6 percent.

Inflation expectations rose to 2.1 percent for this year through 2020.


So unemployment continues to fall, no inflation fears, and forecast for economic growth goes up. Damn, keep the sharp objects away from the Dems!
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  #424  
Old 06-13-2018, 04:00 PM
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Oerets Oerets is offline
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And now there is this.............................
""Fed raises key rate and sees possible acceleration in hikes""
https://abcnews.go.com/Business/wire...hikes-55869595

""Besides raising its projection for rate increases this year from three to four, the Fed removed a key sentence from the previous statement that had been viewed as foreseeing a need to keep rates low for an extended period. The Fed's new projection for the pace of rate hikes shows four this year, three in 2019 and one in 2020.""
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  #425  
Old 06-13-2018, 04:01 PM
Chicks Chicks is offline
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US GDP growth rate since 2008. You may notice, if your idiot eyes weren’t shut, that Donny’s promised 4% rate is nowhere to be seen. But you either don’t understand facts, or, far more likely, simply refuse to.

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  #426  
Old 06-13-2018, 04:14 PM
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whell whell is offline
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Originally Posted by Chicks View Post
US GDP growth rate since 2008. You may notice, if your idiot eyes weren’t shut, that Donny’s promised 4% rate is nowhere to be seen. But you either don’t understand facts, or, far more likely, simply refuse to.

No one "promised" a 4% growth rate, genius. But we're getting much closer to the 3% to 4% growth rate that WaPo thought was "nearly impossible" just 6 months ago.

Also, your chart barely includes Q1 2018, so the numbers posted above are far more current.
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  #427  
Old 06-13-2018, 04:36 PM
Chicks Chicks is offline
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Originally Posted by whell View Post
No one "promised" a 4% growth rate, genius.
http://www.businessinsider.com/trump...promise-2017-1

Quote:
As part of the inauguration of President Donald Trump, the new White House rolled out a number of policy promises on its new website.
The position page on jobs and the economy makes a promise for the US economy that Trump may find pretty hard to keep.

"To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth," reads the White House site.

The 4% GDP promise is one that Trump has made before, but now it is the official promise of the White House and the president.
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  #428  
Old 06-13-2018, 05:29 PM
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Oerets Oerets is offline
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What a gal of gas going for compared to three years ago?

Will Obama's effect on today's economy never end.

Looking over the supplied graft sure looks like had an upward trend till 2016, not so much since.
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  #429  
Old 06-13-2018, 06:01 PM
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Rajoo Rajoo is offline
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Quote:
Originally Posted by whell View Post
No one "promised" a 4% growth rate, genius. But we're getting much closer to the 3% to 4% growth rate that WaPo thought was "nearly impossible" just 6 months ago.

Also, your chart barely includes Q1 2018, so the numbers posted above are far more current.
From Chicks link from above, this is worth repeating.
Quote:
"To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth," reads the White House site.

The 4% GDP promise is one that Trump has made before, but now it is the official promise of the White House and the president.

The only problem is delivering on this promise will be incredibly difficult.

Currently, the US is stuck in a slow growth pattern since the financial crisis and has been unable to escape the 1.5% to 2.5% annual growth corridor over the past seven years. This is lower than the 3.1% percent average annual GDP growth we've been experiencing since 1950.
There, put that in your pipe and smoke it whell.

And while we are at it, the deficit is widening due to lower revenue from corporate taxes and increased expenses, both gifts from Trump on his quest for MAGA as America goes broke.
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  #430  
Old 06-13-2018, 06:46 PM
Chicks Chicks is offline
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Originally Posted by Rajoo View Post
There, put that in your pipe and smoke it whell.
Whell's so stupid, he'd choke on the smoke.
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