Posted on 12/02/2016 7:26:58 AM PST by Olog-hai
In a stunning development, the Bureau of Labor Statistics just revealed that the US unemployment rate unexpectedly dropped to 4.6% in November. This is the lowest level since August 2007.
Economists were expecting the rate to be unchanged from Octobers 4.9%.
The trend in employment growth remains more than strong enough to keep the unemployment rate trending down, Jim OSullivan, of High Frequency Economics, said.
Some of this decline was due to the 446,000 Americans that dropped out of the labor force, which brought the labor force participation rate down to 62.7% during the month from 62.8% a month ago.
(Excerpt) Read more at yahoo.com ...
Nope. Just the opposite. They can now claim that Obama handed Trump an economy already on the upswing. So all the success Trump is going to have they can now say, yeah, but Obama is the one who got it going.
Make no mistake, this is almost all Trump. There is a new and very palpable enthusiasm in this country right now. The fear gripping the market under Obama is vanishing and there is explosive optimism that is beginning to propel this economy.
Lots of temporary part time jobs around Christmastime. Counted the same as permanent full time jobs.
Wooo Hooo !
This is all to make Obama look good by claiming Trump inherits a booming economy.
As we have already seen, much of the 4th quarter boom has come as a direct result of the election of Trump, but the media and Obama sycophants will never admit that.
At least to publish another couple (or so) figures that illustrate those who have fallen off of the UI cliff but still are polling as wanting a job but haven’t gotten one yet — the crypto-unemployed.
Exactly.
Trump already saved 1000 jobs with Carrier, a feat just months ago Obama said couldn’t be done.
And there are the employees at that Ford plant that was going to move to Mexico.
And the stock market crash that didn’t happen on November 9. Instead, stocks soared to new heights.
Obama’s lackluster 1%-2% financial growth will pale in comparison to just one year of financial growth during the Trump administration.
Unemployment numbers are closer to 25% than 5%. According to www.shadowstats.com unemployment is close to 23%.
Lots of temporary part time jobs around Christmastime. Counted the same as permanent full time jobs.
Wooo Hooo !
Wait until next week when the numbers are “unexpectedly” revised upward.
so if the participation rate goes down about another percent or so, we have full employment ?
Trump should announce - loudly, that the government is going to return to reporting honest and accurate unemployment numbers. The rate should be revised, the bogusness should be explained and a promise issued to stop exaggerating. This new number is an effort to establish a low number so democrats can claim growth, and to make actual growth under DJT look tame in comparison.
When Spring rolls around we’ll start getting some real numbers and it won’t be pretty nor fun. You can’t know where your going until you know where you are and you can’t know where you are until you know where you’ve been.
That's easy enough to handle. All Trump or his spokesman has to do is pre-empt the media and the Bureau of Labor Statistics by announcing the TRUE figures themselves.
Let the media try to spin THAT.
Good idea.
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