Discussion: Hiring Drops As US Employers Add Only 20,000 Jobs

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heard over at yahoo! finance: “TIMBER!!!”

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According to a “Market Watch” segment I heard on NPR this morning the consensus prediction of labor force experts was an expectation of approximately 184,000 jobs added. It’ll be interesting to see the spin Sanders and Trump put on this. Undoubtedly it proves the House is destroying the economy.

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There’s always a tweet:

ETA: They dug around for some good news, and luckily found some just in time for International Women’s Day:

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Well, this fell way below expectations.

Anyone have data on revisions to prior months? The last few months there have been some substantial net downward revisions. It’s the sort of thing that makes you go hmmmmmm with this Administration.

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It’s the sort of thing that makes only 56% of the electorate go hmmmmmm with this Administration.

FIFY

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Thanks, King-o-Debt. Trade wars are “easy to win,” we need a “good shutdown,” and other economic tin-foil blather. Now we can all understand why no reputable lender would touch your businesses.

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Oh come on now…CNBC says its not all bad if you step back and look at other numbers. They must be looking at those numbers with very strange funhouse mirrors…but hey, that’s what they’re there for, right?

As the late great Sarah Palin once said, “you can’t put lipstick on this pig.”

I think its about time these tRumpers wake the fuck up and realize their Cult Leader really really sucks at this stuff. He has absolutely no fucking idea what he’s doing, but neither do any of the morons he’s put in charge to handle jobs and the economy either.

Can’t wait until he puts the country into bankruptcy like when he insists we should default on our debt.

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Thanks, Obama!1!

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Around the time he bankrupted his casinos he paid himself some $40M out of the public offering. When that got thrown in his face his response was he did great.

That’s all we need to know.

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Trump knows that a president with negative approval in reasonably good economic times has 0 chance of being re-elected if there is a recession.

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I was just going to ask that. Those January numbers seem, um, high.

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I hope the Dems finally focus on this.

Unless you’re in a gold boom or financial crisis, the actual state of the economy isn’t decisive. What’s decisive is the perception of the economy. Democrats totally failed to talk up Obama’s economy, leaving open to the GOP the absurd narrative that the economy was a ‘disaster’. Then when Trump came along, and the economy merely continued on the Obama path, we went along with the Trumpist narrative that now the economy was ‘booming’–even though the same economic performance was now accompanied by calamitous explosions in budget and trade deficits. It beggars belief: we have the factual grenades and rocket launchers and body armor, and yet we’re huddling in our bunkers while the GOP showers us with rocks and darts. It is politically criminal that after all that happened, economically, in the last twenty-five years (including the collapse of Kansas and Oklahoma), the public perception is still that Republicans are to be trusted with economy and Democrats not.

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Gee Whiz Pwesident Moron,
Duz youz think this here might have sumpin’ to do with youz a’shuttin’ down the gubment for a month?
Jus’ a wonderin’
Yours truly,
Manly MAGA Man

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This is why nobody voted for Javanka to run the economy. Why are they?

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trust me…message boards are filled with comments like “someone(deep state?)is jiggling the numbers to make the administration look bad”

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Let’s be careful here: BLS is run by a courageous, highly competent career staff. No one fools with their numbers.

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The hourly increase this article mentions… I bet that has more to do with the states, many of which are on pace to raise the minimum wage for workers that has come about through ballot initiatives or in some cases legislation in the last few years. Thanks to activists from the progressive base of the Democratic party, that would not have happened otherwise.

I believe some of those increases in the minimum wage which are still coming about are slowly taking effect, as many states did the increases on a rolling basis from year to year until the maximum increase is reached. So those numbers have less to do with business stepping in to provide those increases voluntarily, as this article seems to give them credit for, and far more than those businesses deserve. In fact, most big businesses did stock buy backs with their tax breaks. They weren’t putting it into higher wages. The business community in general fought the states minimum wage proposals over those increases. So if there’s any credit to be had for increased wages, thank the progressive wing of the Democratic party in 2018 and yes, Obama while he was in office for wanting to increase a living wage.

Michigan’s Republican lame duck session of the legislature took back the minimum wage increases that were passed by a citizen initiative by reducing it against the will of the people before the new Democratic Governor was sworn in…so not all states benefit from these wage increases equally either.

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McConnell: Quick. The Top 1% need another tax cut before the worldwide banking system tanks again. We must get Manafort out of jail, so he can negotiate with the Russians to cover Trump’s latest business error?

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Well, when Trump has his bankruptcy yard sale, I claim dibs on Yellowstone.

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