US Adds 161,000 Jobs, Unemployment 4.9%
 

"The U.S. labor market turned in another solid month as employers added 161,000 jobs in October and the unemployment rate dipped back down to 4.9%, the Labor Department said Friday.
There was also good news on workers' pay, which accelerated last month. The average hourly earnings of all private-sector workers rose by 10 cents to $25.92 in October — up 2.8% from a year ago." LA Times

http://www.latimes.com/business/la-f...104-story.html

Thanks Obama. Steady as she goes. ;)

This should assure his re-election.:rolleyes:

Obama would win a third term just like Bill would've. Those post WWII Republicans were prescient.

It don't hurt Hillary's chances neither. ;)
Just one more entry into the record books for his 'Coolness'. How many consecutive months of job growth is he at now? 77 - 78? :)

Good !!

Reagan would have too, but we got Bush I, which begat Bush II, but Bush III was bamboozled. Simply fascinating. :)
I (business wise) got screwed by all three except Bill, but still do not trust H-->, since she is a Bill Lite. :D

It makes no difference at all.

Are you always this dour? :rolleyes:

He's right.

Riiiiight, cause the state of the economy never influences elections. :rolleyes:

Did I say that? Nope. Try again.

Somebody piss in your cornflakes this morning Bob?

Lame to the max. Just like you previous post. :D

Do you even have a point to make? Any point at all?

That Boreas was right and your responses thereafter were lame.

Bless your heart...:rolleyes:

It's not the average wage that tells you the health of the economy.

It's the median wage that does.

According to the Social Security Administration, the average wage in 2015, the latest year they report for, was $46,120 per year.

https://www.ssa.gov/oact/cola/central.html

But if you look farther to the right on that table, you'll see that the median wage is only about $30,000 per year. That means half of all American workers make less than $30,000 a year, and half make more.

A $46,000 average and a $30,000 median tells me that the average is being run up by a small percentage of workers that are making really big bucks while a whole lot of workers are making shit.

And that's the problem with our economy. Inequality.

And it has gotten worse under Obama. It also got worse under Bush 2 before him. And Bill Clinton before him, and Bush I before that, and Ronald Reagan before that. Both major parties are screwing over the working class and they have been doing it for decades.

Brilliant! :D

...and your pointy lil' head. ;)

As you can see above:

http://www.politicalchat.org/showpos...8&postcount=17

When I take the time to make a substantive post it gets ignored.

That's why I troll 90% of the time.

It was an excellent post. I liked how you began the last paragraph with Obama and ended with Reagan. Didn't you vote for both? ;)

I chalk it up to the duality of man, the Jungian thing.;)

https://www.youtube.com/watch?v=4VHKpGJX29s

This is why both Romney and Trump could claim they would have economic recovery on day one, if elected...........

Because they both planned to steal credit. That's been part of the Republican trick since St. Ronnie claimed credit for hostage release on inauguration day. Republicans are simply scumbags who've legitimized their scumbaggery.

Indeed. Romney promised results in terms of unemployment, the stock market and gasoline prices that have been dwarfed by Obama's actual results.

The raw job add numbers have never told the whole story.

http://money.cnn.com/2016/11/04/news...s-under-obama/

The U.S. has had the longest streak of job growth under Obama. For 73 straight months, the U.S. has added jobs. But as CNNMoney has pointed out before, the total job gains under Obama are far fewer than under Presidents Reagan and Clinton. The question is, how good are those jobs?

All the net job gains under President Obama have been in the private sector. Government jobs have actually declined by 341,000 since February 2009 (the first full month Obama was in office). That said, the government jobs that were lost were all at the state and local level.

The bottom line is: Almost all of the job gains under President Obama have been in so-called service jobs, such as those in Silicon Valley and consulting. Others are the low-end jobs, toiling in stores and restaurants.

Brusuelas found that 47% of the jobs created since January 2010 (he argues that's when you start to see the effects of Obama's policies) have been in the high-wage category.

...and those Silicon Valley folks continue to lobby for increased immigration. Lots of articles out there about how a good chunk of those Silicon Valley jobs have gone to "foreign born" workers.

Good for them, I guess, but it suggests that whatever recovery in jobs we may behaving is not necessarily benefiting those who were working in decent paying jobs before the "great recession". So the idea that this jobs growth is "good news for main street" probably rings hollow to the folks on main street.

Even so, beats being unemployed, and the money earned is just as fungible. It's not a contracted commitment like marriage, You can move on as opportunity presents.


Sent from my SM-N900V using Tapatalk

$10 bucks an hour isn't as "fungible" as $25.

And the ability to "move on as opportunity presents" is a pretty sorry substitution for job security.

Meanwhile Republican'ts stymied any policies, such as infrastructure spending that would've helped. Lot's of good paying blue collar jobs in infrastructure but since it would've been a feather in this president's cap they refused to even give it a vote.
Face it Whell, your party of no puts itself ahead of what's good for the country. Every. Time.

Yep. The Republicans give the Oligarchy 100% of what they want and the Democrats only give them 95%.

Go Dems!

That's a fact, Jack.

Carl

...and then Obama admitted there were no "shovel ready jobs" after throwing more money than the GNP of most countries at those jobs. Nice try Bob.

Do you make it up as you go along or do you get these fallacious arguments downloaded straight into your amygdala, Mike?

They vote Republican.

http://www.theatlantic.com/national/...rnment/354496/

What are you accusing me of "making up", Bob? You don't think that Obama admitted that there really were no "shovel ready jobs"? Here, let me help you out:

http://www.cbsnews.com/news/obama-no...eady-projects/

Or was it the comment about the stimulus being larger than the GDP of some countries? I can help you with that, too, referencing the most recent IMF data:

Rank / Country / GDP in Millions of USD

141 Rwanda 8,341
142 Haiti 8,259
143 Niger 7,566
144 Guinea 6,754
145 Moldova 6,650
146 Tajikistan 6,612
147 Kosovo 6,560
148 Kyrgyzstan 5,794
149 Malawi 5,474
150 Eritrea 5,352
151 Mauritania 4,718
152 Fiji 4,556
153 Togo 4,520
154 Barbados 4,473
155 Sierra Leone 4,289
156 Montenegro 4,242
157 Suriname 4,137
158 Guyana 3,456
159 Swaziland 3,430
160 Maldives 3,270
161 Burundi 2,742
162 South Sudan 2,628
163 Timor-Leste 2,501
164 Liberia 2,168
165 Bhutan 2,085
166 Djibouti 1,894
167 Lesotho 1,806
168 Central African Republic 1,782
169 Belize 1,770
170 Cabo Verde 1,684
171 San Marino 1,556
172 St. Lucia 1,439
173 Seychelles 1,419
174 Antigua and Barbuda 1,303
175 Solomon Islands 1,218
176 Guinea-Bissau 1,168
177 Grenada 1,028
178 St. Kitts and Nevis 955
179 The Gambia 886
180 Samoa 876
181 Vanuatu 773
182 St. Vincent and the Grenadines 766
183 Comoros 622
184 Dominica 524
185 Tonga 430
186 São Tomé and Príncipe 351
187 Federated States of Micronesia 325
188 Palau 296
189 Marshall Islands 188
190 Kiribati 166
191 Tuvalu 32

https://en.wikipedia.org/wiki/List_o...y_GDP_(nominal)

Or were you just blowing smoke out your @$$?

Sounds like a riff on Dianetics.

Substitute Thetans for reptiles.