The fail is strong with this one.U.S. Consumer Comfort Just Reached Its Highest Level in a Decade
https://www.bloomberg.com/news/arti...fort-reaches-decade-high-on-economic-optimism
We're just looking at different parameters. The stock market had its worst day of the yr the day after the election in 2012:
http://money.cnn.com/2012/11/07/investing/stocks-markets/
The stock market had a wonderful day after Trump was elected and that rally has continued.
The payroll increase in February was actually slightly lower than the same month the two prior years -- jobs increased by 237,000 in February 2016 and by 238,000 in February 2015.
What's ironic about the universal Republican praise of this jobs report; it's actually a bit lower than the past two February jobs reports under Obama.
lol
To be fair, this is still a great sign. We'll see if there are months or years left in this boom.
I've said it many times before, the top level numbers (in this case 235000 and 4.7%) will get the headlines, but the devil is in the detail as to what they actually mean. Are these long term strong jobs that are created, or mcjobs or walmart jobs? What is the median wage for the jobs created? Is the unemployement number dropping because the participation number is getting lower, or is it really a sign of a tigher labor market? Those kinds of things are more important.
What's ironic about the universal Republican praise of this jobs report; it's actually a bit lower than the past two February jobs reports under Obama.
lol
To be fair, this is still a great sign. We'll see if there are months or years left in this boom.
The February jobs report from the Bureau of Labor Statistics released Friday was strong: 235,000 jobs were added, higher than the 200,000 expected by economists.
It was the first official report of President Donald Trump's tenure since the survey week for January's report was done before Inauguration Day.
According to Gary Cohn, the head of Trump's National Economic Council, there's no reason to give credit to Trump for the strong report.
During an interview with CNBC, Cohn did say the report was "right exactly where we needed it to be," but also noted that Trump's team wasn't the reason for the beat.
Of course, but come on, when has Trump ever been consistent or had credibility generally?I for one am shocked that Trump has suddenly started believing the employment numbers when they started telling him good things. I'm sure the conservatives who thought the BLS was cooking the books for years are now similarly revising their estimation of the agency.
Sigh.
Yes, and compared to prior reports this was in line with them on those other measures (wages, participation, etc).I've said it many times before, the top level numbers (in this case 235000 and 4.7%) will get the headlines, but the devil is in the detail as to what they actually mean. Are these long term strong jobs that are created, or mcjobs or walmart jobs? What is the median wage for the jobs created? Is the unemployement number dropping because the participation number is getting lower, or is it really a sign of a tigher labor market? Those kinds of things are more important.
Good thing people that care about the market are only concerned with single day movements.
The only silly thing here is a kid arguing one day market movements tell you anything lasting or interesting about a presidency. Bush saw a big runup in the Dow for nearly his whole presidency that peaked for him in October 2007 (far longer than Trump's mere weeks in office). I wonder what happened after that....The market surge since Election Day is much more than one day and I care about every day. You liberals are looking silly trying to downplay this surge. It's quite entertaining. Carry on...
The market surge since Election Day is much more than one day and I care about every day. You liberals are looking silly trying to downplay this surge. It's quite entertaining. Carry on...
None of your businessOh.
seriously, though: how old are you?
This month's employment number was strong, yes, but also unexceptional. In January, the U.S. added 238,000 jobs; in September it tacked on 249,000. This time last year, we added 237,000. This month's result fell right within the range we've seen for the past several years. Trump's election might be making Wall Street investors and small businesses more optimistic or whatever, but there is no sign that has translated into jobs. Here's a chart of monthly jobs growth dating back to the Great Recession, for reference.
From slate:
As these were the same numbers Obama was averaging I can only suppose today's 238,000 is biglier than last years 238,000.