He should take a vacation a month before he knows that he is FIRED, or throw himself a blowout party in the Black House, or maybe even give himself a medal or something, OH WAIT.......
Posted on 01/06/2017 10:20:09 AM PST by Puppage
In December, President Obama’s final full month in office, the U.S. economy added a slightly disappointing 156,000 jobs. It marked the 75th consecutive month of job gains, the best on record. For all of 2016, the U.S. added over 2 million new jobs.
“Today was a positive close to the eight years of the Obama administration,” says Andrew Chamberlain, chief economist at career website Glassdoor.
Wages grew a solid 2.9% in December, the best pace since 2009. Wage growth has been one of the last measures to gain momentum during Obama’s tenure. Job gains in November revised up significantly, adding 19,000 more jobs than first reported.
America’s job market has made progress under Obama’s watch. U.S. unemployment hit a high of 10% in October 2009 and is now at less than half that level. In December, the unemployment rate rose just a tad to 4.7% from 4.6% in November, the lowest rate since 2007.
The underemployment rate, which includes part-time workers who would like to work full time, also fell to 9.2%, its lowest point since 2008.
“By just about any measure, 2016 was a banner year for the job market,” says Ian Siegel, co-founder of ZipRecruiter, a job recruitment site.
In total, the economy has added 11.3 million jobs during Obama’s presidency.
Experts and pundits often debate how much credit a president deserves for job growth. Some believe the Federal Reserve helped buoy the job market by keeping borrowing costs low in order to revive the housing market. Others criticize the Fed’s decisions.
In any case, the American economy still has problems. Growth remains sluggish. The U.S. central bank expects growth to be a mere 2.1% this year.
Over 5 million Americans have part-time jobs but want to work full time. And many blue collar workers feel left behind in the economic recovery from the Great Recession — a major factory that played into President-elect Donald Trump’s election victory.
Trump promises to bring back manufacturing jobs from other countries and boost job growth overall. In December, America added 17,000 manufacturing jobs but for the year overall lost 45,000 jobs.
One major challenge Trump will face is that many manufacturing workers who lost jobs don’t have the advanced skills required for the new jobs.
“Those without higher skills and advanced training are out on the struggling end,” says Fred Goff, founder of Jobcase, a job-search site.
Other industries also may pose a challenge, for other reasons. Health care led the job gains in December, adding 43,000 new jobs last month. America also added 20,000 social assistance workers, many of whom care for elderly Americans. Trump has promised to repeal the Affordable Care Act, which some industry experts say could cost jobs.
Restaurants and bars added 30,000 jobs in December. Warehouses added 15,000 workers too. Construction and mining saw no meaningful gains.
Despite an uneven recovery, the U.S. job market kept up its overall momentum right up until the end of the year.
“The economy hit some headwinds and it continued to move forward,” in 2016, says Robert Murphy, an economics professor at Boston College and former White House economist during the Clinton administration.
Bush had 52 Months of Job Growth, a record at the time.
Bush also had 4% GDP Growth while accumulating half the Debt that Obama did.
This was after 9/11 when the Pundits said it would take the United States 10 Years to recover.
Of course the Democrats coined the phrase McJobs, yet most of Obamas Job numbers were Part Time.
Doesn’t matter anyway, the People of this Country create Jobs DESPITE the Government, not because of the Government.
The ‘blank’ is Obama...
As in ‘What a steaming pile of Obama!’
WTNH, you want fries with that?
#FakeNews
He should take a vacation a month before he knows that he is FIRED, or throw himself a blowout party in the Black House, or maybe even give himself a medal or something, OH WAIT.......
[[That way we can see what’s really going on without having it seem like things have suddenly gotten worse under Trump.]]
That’s a great point because as soon as trump takes office, these reports are going to make it seem like thousands suddenly ‘lose jobs’ under trump- that job growth ‘takes a dive’ because the media will begin reporting the TRUE numbers and stats once people become unaware that the TRUE numbers are linked to previous president
The lying media will harp daily on ‘falling job numbers’ under trump even though trump will be creating actual jobs- not temporary ones like his predecessor- and you watch- the msm will begin counting those that are no longer looking for jobs as being unemployed’ once again instead of excluding them from the totals like they did to help pad the current president’s stats-
These over cooked numbers would be funny if they weren’t just so pathetically transparent.
Or 300 weeks. That’s a bigger number yet!
ROTFL! #fakenews.
Where is the government getting their figures from? The Russkis?
Take away 1 $20/hr. job with good benies, turn it into 2 $10/hr jobs with sh t benies, then turn those into 4 minimum-wage part-time jobs with no benies
= (to overpaid media turds) 22 million jobs created.
Obama drek, no different...he's a demonrat, so are the media, demonrats lie.
FUMSM, you have lost ALL credibility...here's to hoping Trump continues to dog yer azz with the humiliation you so richly deserve.
Don’t get facts mixed up with stupid. Those government types can create any numbers they want out of thin air. Good luck to Trump getting that much “creative license”
There are a record number of people out of work because of Obama's economic sabotage. Plus even members of his own administration are admitting most of the job he created, over 90%, are part time jobs!
If true unemployment numbers were ever released, adding in everyone who is out of work and not looking because the jobs are gone, government officials would surely be lynched.
Great images, I’m keeping them for future reference!
I get confused. If so many jobs are being created, why is the labor participation rate at an all-time low, down more than 18% during Obama’s reign?
if this were true, Hillary would have won the election...
I have had six jobs since 2009 so....
I have never seen such spin and lies in my entire life.
They are likely Fed jobs bent on making our lives more restricted and painful.
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