U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%

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There is only one way to interpret verified official data. And it shows your argument to be complete bullshit, which you are perfectly aware.

 

Oh statistics can have lots of interpretations including specious ones such as yours as I have already shown. Your data proved my point not yours.

 

nope. the data is perfectly clear. It shows your argument is complete bullshit.

 

Data is clear you just don't know how to interpret it as I have already educated you.

 

nope. the data is perfectly clear. It shows your argument is complete bullshit.

 

Thanks, and that sounds like very good news and promising. Which is not what we have seen in recent years when it comes to jobs. Indeed, we have seen low wage service sector work replacing high value added jobs. Perhaps that is over? For average americans, I sure hope so!

 

It's your interpretation that has you so confused and prevents you from refuting what I and others have corrected you on.

 

nope. the data is perfectly clear. It shows your argument is complete bullshit.

 

At one time manufacturing jobs accounted for about 20% of the jobs in America. Today they account for about 8% if I recall correctly. At one time we had over 18 million manufacturing jobs in America and today we have about 13 million. It was down to about 9 million at the bottom of the recession. Manufacturing is no longer the driver of the US economy and it will never be the driver of the US economy in the future. Our economy is service driven and that's where the focus needs to be for a healthy economy.

Think about this. We have a deficit with the EU when it comes to manufacturing goods but we have a surplus when it comes to services. Instead of wasting our time trying to increase the sale of manufactured goods to the EU we should be focused on increasing out sales of services that we're better at than the EU. Always focus on your strengths, not your weaknesses.

 

It is still a key component and when you add in all the ancillary jobs that rely on manufacturing. I'm in industrial sales, my job is not listed as a manufacturing job but 90% of my business is manufacturing.

Our manufacturing produces over 18% of the worlds output.
11.6 percent of U.S. economic output
Yes about 13 million or 8.5% of the workforce DIRECTLY and pays 12% more than other jobs. In 2017, they earned an average of $84,832 per worker. This includes benefits. That's $40.79 per hour.

Yet, 89 percent of manufacturers are leaving jobs unfilled. They can't find qualified applicants, according to a 2018 Deloitte Institute report. The skills gap could leave 2.4 million vacant between 2018 and 2028. That could cost the industry $454 billion in 2028.
https://www.thebalance.com/u-s-manufacturing-what-it-is-statistics-and-outlook-3305575

And those jobs are growing like we haven't seen since the 1970's so what exactly is the gripe?

Service and manufacturing go hand in hand and perhaps we should adopt more of the European model of higher education in that you take a series of test and that with K-12 achievement decides if you go to college or you go to a trade school. Learn to work on robots and automation and other high tech jobs. Manufacturing has always been a strength which is why we out produce everyone else why would we give that up?

 

If you can't discuss the topic then stop wasting everyone's times.

 

the topic was discussed. the data, as always, shows your argument to be complete bullshit.

 

If you cant discuss the topic HERE stop flaming and wasting every's time.

 

What specific policies of Trump's caused it?

 

The topic was discussed. the data, as always, shows your argument to be complete bullshit.

 

Trump wasn't President 9 years ago.

 

Thank God.

 

Too bad he wasn't else we would have gotten into a full recovery and put everyone back to work instead of seeing the LFPR drop so dramatically and we could have seen incomes rising a long time ago and we could have seen the manufacturing jobs returning much earlier instead of having a President who gave up with his "hey those shovel ready jobs just weren't so ready" and "those manufacturing jobs are never coming back there is no magic wand".

 

You mean that recovery that started under Pres.Obama. Pres. Obama handed off a great economy, low unemployment rates, etc. to Trump. Just thank God he hasn't mucked it up. Peas. Obama got us out of a recession, Trump walked into a great situation.

 

I mean what I say. The worst recovery, and even calling it one is a stretch, in modern history began in all it's weakness while Obama was President, you point being what? President Obama was saved by a Republican Congress and they handed that economy over to Trump. Thankfully his deregulations and tax rate cuts and pro-business policies have FINALLY gotten us into the recover Obama and the Democrats could never get us into.

 

all of that began it's upward trend in 2010.

 

Enough with the economy, Republican Congress didn't do ****, just like they haven't done **** with Trump. It's laughable that when a democrat president does well it's the same ole bullshit about a Republican congress.

Yep those same tax cuts that are running the deficit through the roof that you right wingers were crying about when Pres. Obama was in office just doesn't matter anymore be ause your God is running it up. Economists are predicting another recession just like Reagan and Bush 43 caused.

 

nothing trump has done has had any effect on any economic trend. It has continued on the same trajectory that began in 2010.

 

Yes, Bernanke and the Fed had been squashing interest rates beginning in August 2007, and they finally had things going somewhat like the Fed wanted them after they put Obama in-tow. The 'recession' officially ended in June 2009, and the Fed cemented their Wall Street 'rescues' in place with Operation Twist in September 2011.

Of course, as a consequence (there always ARE mathematical consequences, even for the almighty-god Federal Reserve), the Fed ran up a nearly FIVE TRILLION DOLLAR balance sheet made up of all the horrifically-overvalued, toxic-paper crap they had to buy to pull their version of a "rabbit" out of the Fed's "hat".

Truth? NO president deserves to take "credit" for much of these economic gyrations we've seen in the past 12 years. No, it's been the Federal Reserve, all the way. Bernanke seized control of the entire economy in 2007 and never let go. Now, it doesn't dare let go -- not even a little bit, so to achieve its desire for 2%/annum inflation (so that it can even make a dent in that monstrous 'balance sheet').

If anyone doubts it, just watch the stock markets! When central banks even hint at the merest possibility that interest rates will increase, the markets go into a bug-eyed freefall. But, if the almight-god Fed casts little insinuations that they'll be "patient" in their quest to reverse the insane course that IT put us on beginning in 2007, the market goes into paroxysms of joy akin to an economic orgasm.... Let no one kid himself -- central banks run and control the economies of all major nations in the world, except for two -- Russia and China.

 

The trajectory of 2017 looks a bit different from the 2016 trajectory that Trump expertly flipped from a dive to a climb.