266,000 jobs added in November

Discussion in 'Current Events' started by TheAngryLiberal, Dec 6, 2019.

  1. Socratica

    Socratica Well-Known Member

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    That's exactly what these graphs show, but feel free to lie to yourself if you really need to.

    2010 - 2016

    fredgraph(1).png

    2016 - Present

    fredgraph.png
     
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    Leaving out the fact there was a HUGE labor pool out there after the failure of the Democrats to curb or even mitigate the depth and length of the 2008 recession and the failure of Obama's stimulus and resulting unemployment numbers. Historically coming out if recessions we see huge increases in growth and job creation. We didn't see that under those policies. That is the easiest time to post those numbers. Now we have been at full employment meaning there's not a lot of people out out if work, the available labor force is heading to historic lows meaning growth is more difficult. Or course there is the benefit of rising incomes and those on the margins reebtering the workforce and becoming tax payers instead of a government expense.

    "As you’d expect in a tight labor market, the benefits are accruing for the less skilled or formerly jobless. The number of Americans who were marginally attached to the labor force—i.e., those able to work but who are not actively seeking employment—fell by 432,000 from last November to 1.2 million. That’s a whopping 27% year-over-year decline."
    https://www.wsj.com/articles/the-labor-virtues-of-growth-11575676910?mod=opinion_lead_pos1
     
    Last edited: Dec 7, 2019
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  3. Bluesguy

    Bluesguy Well-Known Member Donor

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    What am I missing?
     
  4. Bluesguy

    Bluesguy Well-Known Member Donor

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    Here's one huge thing they could have done......they could have passed a bill making the Bush43 tax rate cuts permanent and not have been preaching and passing higher tax rates. They could have assured bussines they would not go on a regulatory binge increasing the cost of employment and not proceed to take over the health care/insurance fields. They could have stayed more with supply side policies which proved themselves in the mid 1990's and during the 2001 recession. And they were cutting Bush out as they passed their HUGE spending increases.
     
  5. Bluesguy

    Bluesguy Well-Known Member Donor

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    And the previous two revised upwards. This level of new jobs at these historically low unemployment numbers is simply astonishing.
     
  6. yardmeat

    yardmeat Well-Known Member

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    Basic trend analysis. Graph reading.
     
  7. Socratica

    Socratica Well-Known Member

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    Prior months are revised based on the sampling error, not because new jobs were suddenly found.
     
  8. rahl

    rahl Banned

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    Those graphs show exactly what I stated. Every economic metric, including the one represented in those graphs, has remained on the same trend line since 2010.
     
  9. rahl

    rahl Banned

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    Nothing in your post is true.
     
  10. rahl

    rahl Banned

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    Supply side policies have failed every single time they’ve been implemented. The only thing they succeed at doing is EXPLODING the deficit and debt. There is nothing democrats could have done in 2007. It was too late. The republicans had already set in motion the unstoppable collapse of the housing and financial markets, because they killed every single bill attempting to regulate fanny/Freddy from 2001-2007. Ad you know.
     
    Last edited: Dec 7, 2019
  11. Socratica

    Socratica Well-Known Member

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    If the trend-line was flat from 2010 - 2016, and then the trend-line steepened from 2016 to now, the obviously the trend line is not the same.

    Basic math should be able to help to understand why you are mistaken.
     
    Last edited: Dec 7, 2019
  12. rahl

    rahl Banned

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    You are cherry picking. Show the graph from 2010 to present. You are comparing 6 years to 2 years. It’s an invalid comparison. Which is why you are wrong.
     
    Last edited: Dec 7, 2019
  13. Socratica

    Socratica Well-Known Member

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    Again, you don't understand basic math, nor do you understand context. From 2010 to 2016, when Obama was in Office, YoY GDP growth was flat. From 2017 to present, Trump's tenure, YoY GDP increased.

    The trend from 2010 - Present shows an increase because much of that increase occurred during Trump's tenure, not Obama's

    There is nothing invalid about it because it shows you exactly when the chances in the trend occurs. Either Trump changed the trend or he didn't. That is what we are trying to figure out.
     
    Last edited: Dec 7, 2019
  14. rahl

    rahl Banned

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    Nope

    https://fred.stlouisfed.org/series/GDPC1#0

    My phone isn’t letting me post the graph for some reason but you can set the values for yourself and see why you are wrong. The trend line from 2010 to present remains the same. It did not remain flat from 2010-2016. It’s just reality.
     
    Last edited: Dec 7, 2019
  15. Socratica

    Socratica Well-Known Member

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    You're not posting the graph the way it's supposed to be presented so I don't know what you're supposed be showing me.

    Anyways, I already posted my sources:

    2010 - 2016 (Obama's term): Flat-Trend

    fredgraph(1).png

    2017- Present (Trump's term): Increasing-Trend

    fredgraph.png
     
  16. rahl

    rahl Banned

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    Yes I’ve already pointed out that you are cherry picking which makes your comparison invalid. I can’t post the graph for some reason on my phone. You can set the values yourself though from 2010 to present. It clearly shows the trend line unchanged in those 9 years. This is reality.
     
  17. rahl

    rahl Banned

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    upload_2019-12-7_13-7-36.png

    See the trend going up at the same steady unchanging trend? @Socratica
     
    Last edited: Dec 7, 2019
  18. Socratica

    Socratica Well-Known Member

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    Again, you're showing aggregate GDP, not GDP growth... You don't even understand what you're supposed to be showing me.
     
  19. Socratica

    Socratica Well-Known Member

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    Yes, it shows this because the some of the largest increase that has occurred in the last 10 years occurred in the last 3 years.
     
  20. TheAngryLiberal

    TheAngryLiberal Banned

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    Am I selfish for wanting to enjoy the rewards of Donald Trumps economy. I gave Barack Obama credit during his administration, because the Dow and the Nasdaq came storming back after the 2008 recession. Right now, my portfolio and investments are going nuts and I'm making an insane amount of money where I could retire right now and relax on the Beach in Bali, while sipping on Pink Chi Chi's. Why would I want to take a chance and vote Pocohantas or any of the other DNC candidates into the White, so they can Crash our great economy in order to give all their Freebies to Illegal Aliens and Lazy Drug addicted Homeless people that want to sit around and get High, instead of going out and working for a living.
     
  21. rahl

    rahl Banned

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    I’m showing you that the trend has remained unchanged since 2010. That is not debatable. It’s a demonstrated fact.
     
  22. rahl

    rahl Banned

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    some but not all, which is why your cherry picked comparisons are invalid. The highest year GDP increase % under trump has not topped the highest GDP % increase under Obama. So no, the largest increase has not been under trump.
     
    Last edited: Dec 7, 2019
  23. Socratica

    Socratica Well-Known Member

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    You still don't understand that you're using the wrong statistics. Yes, GDP increased each year since 2010, but everyone knows that it's GDP growth that we're supposed to be comparing, not total GDP.
     
  24. Socratica

    Socratica Well-Known Member

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    But you're not showing GDP % increases, you're showing aggregate GDP, so I really don't care about what you have to say on the subject.
     
  25. rahl

    rahl Banned

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    No, I’m not. The gdp growth has remained on the same trend line since 2010, as both our graphs show.
     

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