Discussion: US Economy Adds Modest 148,000 Jobs In December

[system1]

US Economy Adds Modest 148,000 Jobs In December Back to article

[decay500]

I wonder what Obama did to cause this modest gain? I think we’ll get some Twitter info about it soon. And also, the real jobs gains have been covered up by the deep state!

[middleway]

Lowest job growth since 2010. Looks like the real jobs President left office in January. He was replaced with a fake jobs President.

[keninmn]

Despite the low unemployment and the difficulty some employers face in finding enough qualified workers, pay gains remain sluggish.

So there isn’t a lack of qualified workers; there is a lack of qualified workers willing to work for the shitty wages offered by some employers. If there truly was a lack of qualified workers we would see wages exploding in the areas where there was truly a lack of qualified workers. How bad does the AP suck? Let me get out my Deep Thought supercomputer and count the ways. (Hint: It is a number greater than 42.)

@middleway

Lowest job growth since 2010. Looks like the real jobs President left office in January. He was replaced with a fake jobs President.

Hey! That’s not fair! “President” Trump has created plenty of jobs! Mostly lawyers and comedians, but jobs nonetheless…

[bonvivant]

Pay raises have remained puzzlingly weak for many U.S. workers despite the robust job

Report from last year at this time:

US wages in December rose at the fastest pace since mid-2009, according to the Bureau of Labor Statistics’ employment report released Friday.

Average hourly earnings increased by 2.9% year-on-year. The economy added 156,000 jobs in December, which is fewer than expected but extends the record streak of job creation in the US.

[ronbyers]

That job growth is slowing is to be expected after a long string of good months. We are also at very full employment. The 4.1% un-employment rate should be driving significant raises. How are wages doing?

[boidster]

Most economists expect the Trump administration’s tax cuts to help speed the economy’s already decent pace of growth.

http://stenglelaw.com/wp-content/uploads/2013/05/best-quizzical-dog.jpg

For instance, the IGM Forum Economic Experts Panel found that only one out of 42 economists surveyed agreed with this statement: “If the US enacts a tax bill similar to those currently moving through the House and Senate — and assuming no other changes in tax or spending policy — US GDP will be substantially higher a decade from now than under the status quo.” Newsweek

Private-sector economists and Federal Reserve policy makers aligned this week over how the tax plan being finalized in Congress will boost the U.S. economy: temporarily, and not by much. Bloomberg

A group of conservative economists appear to be backing off their claim, embraced this week by Treasury Secretary Steven Mnuchin, that Congress’s proposed corporate tax cut would lead to 3 percent economic growth within a decade. Bloomberg

[quote]The bigger question, however, is whether those cuts will stimulate long-term growth, she noted.

“We’re skeptical,” Meyer said. “Are you actually going to see a transformation in the economy that gets us out of a slow-growth environment? … I don’t think that we’re seeing legislation that gets us to that point.” CNBC[/quote]

[srfromgr]

AP sucks. No other way to put it after reading this schizoid article.

[dickweed]

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