In a year’s time, unemployment will approach 6%, if not 6.5%.
This could be the last jobs and unemployment report we could see for years. If it isn’t going well, Trump will not allow the numbers to become public or they’ll post alternative numbers.
One of those dastardly somewhat liberal voices posted information a week or so ago about JOLT. It takes into account that job metrics that better reflect both hires / fires. Anyhow, that DATA will not be out until next week…2/7/17
This was new to me…maybe to others here??? http://www.vox.com/the-big-idea/2017/1/24/14330472/jobs-layoffs-carrier-trump-manufacturing-hiring-firing
It takes a little time for all the different ingredients to set, but we will have another recession soon enough. Stories out this morning that Trump’s next series of EO’s will be unraveling Dodd-Frank. To paraphrase dear old crazy Ross, that giant sucking sound you hear is the remainder of middle class wealth being destroyed (now you see it in your 401k, now you don’t - it’s magic!) and then magically reappearing in the portfolios of the ultra rich.
Yippee Yi Yo Ki Yay motherf’er - the wall street cowboys are shedding what few constraints they have.
He’s already breaking the nation, The blame belongs on the shoulders of every conservative, especially the evangelicals, and unfortunately we can’t stop them before they break the nation but after they do they must be punished.
More shit jobs with shit pay. Wage growth near zero. Average hours 34 per wk. Whatever happened to 40?
Anyway Trump owns it now. ‘Jobs Jobs Jobs’ he promised. Six months from now he’ll be, along with KAC and Spice, still talking about the 500 jobs he ‘saved’ at Carrier. Or was it 5,000? KellyAnn, you’re up.
Why do you think so? I’m curious about the specific reasons, other than the fact that we all loathe Trump. It looks ever more likely that the ACA will still be here and pumping billions of dollars into local economies around the country. We are likely to see some increase in infrastructure spending, as well as military hardware expenditures. The business class generally feels a lot more disposed to Trump than we do. If the Fed raises interest rates and the economy responds poorly to that, the Trump Administration will just blame any slowdown on Obama’s Federal Reserve Board.
God damn think how good things would probably get if Hillary had been elected and we have a majority in congress. Now we have to endure at least 2 years or probably 4 or Republicans and Donald fucking thing up worse than Bush did in 8 before hopefully we get some decent folk back in to try and build things back up to where they are now. Jesus fucking christ how stupid a lot of white folks are.
The ACA will still be here for sure but I don’t see where the ACA is going to ‘pump billions of dollars into local economies around the country’. And infrastructure spending will meet plenty of resistance in the Congress unless it’s all private monies. Unemployment rate doesn’t mean what it use to. Even at 4.8% or 5.8% we’re still living with a marginal economy. Wages are shit, wage growth is shit, 25% of ‘jobs’ are part time, 95 million workers are not in the labor force, our national debt has doubled to about 20 trillion and November’s job numbers were adjusted down by 45,000.
Trump can and will try to blame Obama but it’s his economy now and you know we can all bullshit around pretty much anything - except money. With all his blabbering it’s the economy that will take him down IMO. @beattycat
Congratulations, President Trump. You’re doing a heck of a job…
Not 1. Trump has not saved a single job.
Even though these are fairly solid numbers, they’re weak in that there is basically continued stagnation in wages. Food prices are getting ready to spike due to increased gas prices and the oncoming spats with Mexico–I was just at the grocery store and noticed 25 cents here, 50 cents there increases already over one month ago. A good portion of my fresh veggies and fruits come from Mexico. I promise you that if Trump ultimately gets his way (legally) on immigration, many big American-based corporations will think long and hard about downsizing and/or relocating due to the work visa issues. Canada and Mexico will welcome them with open arms. Trump is bragging about manufacturing but the kinds of jobs from yesteryear are gone now, mostly due to automation. The ones that do involve humans won’t pay a decent salary with union-style benefits. I’m not overly happy about it either, but this is a very globalized economy now and our workers must be able to compete with workers in all other nations. Trump’s belligerence will stall the slow but steady growth we’ve been able to create. Also, gutting Dodd-Frank is a recipe to create another type of blow-up we experienced during George-the-Dumber’s reign. These banks and huge-ass companies have proven to us time and time again that they must be regulated properly. To not do so is just inviting them to game the system in ways that will create all kinds of bubbles. And they’ll try even more than ever to be sneakier than in the past because they know what they did and they know how horrible it was for the little guy.
The steady but slow-growing economy we’ve created the last eight years is a deliberate response to many actions taken by President Obama. And, yes, the ACA does most certainly help. It very well may be that the ACA won’t be fully gutted, but I guarantee you that the funding will be curtailed. Also, any tampering with the social safety net programs–Social Security (Old Age & Retirement as well as Disability), Medicare, Medicaid, Food Stamps, Fuel and Cooling Assistance, HUD grants, Housing vouchers, Rental Assistance for HIV/AIDS disabled folks, etc.–will result in an instantaneous drop in those dollars being spent in local economies all over the place … including and especially in rural areas. Without those lifelines, many folks–and I do mean MANY–will have no choice but to live on the streets, cut back their food, medications, etc., and those dollars help prop up regional economies everywhere. This is what I’m talking about.
Sorry for the delay, but I had to go grocery shopping. Beginning of the month and was out of almost everything.
Hey, @darcy!