Payrolls smash estimates with gain of 250,000, wage gains pass 3% for first time since recession

That DOES matter.

Regulations don't just change by themselves.

Someone has to change them.

WHO CHANGED THEM AND WHY???

 

I admire you seek your knowledge from myself. I truly am coming to admire you more and more.
Laws come from the Congress. Laws spawn many more regulations. Bureaucrats created the regulations. Why is that they had to respond to the laws made by Congress.

 

Sometimes the devil lies among the details. With that in mind, one should ask....

In what non farm sector of the economy were the highest gains realized? For if you have significant gains in one sector, that can make it look like all workers saw gains, when gains were limited to particular areas. Like the finance sector for instance. Where most people do not work, BTW.

Were the gains in particular areas of the service sector, an little on none in others? We really need such details before we start the applause, and claims.

 

We informed the Democrats about that when it was happening. Trump cured those problems. A major job killing problem with the ACA was for those working no more than 30 hours per week, the law did not apply to those. Employers decided to follow the law, they cut work weeks to the needed 30 hours.

 

And who were these members of congress that spearheaded the changes in the regulations that forced F & F to make these subprime, interest-only, or negative amortization mortgages as well as mortgages that didn't even require a social security number (Tax I.D. # acceptable)?

 

Both

 

Unbelievable that this low-rent clown would try to take credit for amazing private industry fracking that he had nothing to do with.

NARCISSUS UNBOUND: “That whole, suddenly America’s, like, the biggest oil producer and the biggest gas — that was me, people.”

Not so fast. According to The Daily Caller:

“Former president of Shell Oil Company John Hofmeister said former President Barack Obama had nothing to do with America’s increased oil production and actually frustrated many areas of the energy sector.”​

The funny part is this is the same “won’t go away” guy who mocked Sarah Palin and John McCain for imploring further drilling. Victory has a thousand fathers, defeat is an orphan.

Obama’s spirit was well-captured in this work by the late (and very great) Joel Andrews:

 

Using your same source wages did rise by 3.1%. But benefits only rose by 1.9% which means total compensation only rose by 2.8%. Also inflation rose by 2.5% which means real wages grew by .6% and total compensation rose by .3%. Economists usually target wage growth at 3.5%-4% so Trump is still underperforming just like Obama. Obama may have had lower wage growth but inflation was lower for him, in the 1% range.
https://www.cnbc.com/2018/10/31/wag...3point1percent-highest-level-in-a-decade.html

The percent of the population employed is 60.6% but that number tends to jump around a lot. For example, it jumped up to 60.5% a few months before falling back to 60.3%. If you look at the trendline for the past few months, its about 60.5%. That doesn't seem that much worse but Trump started with 59.9%. He only improved it by .3% per year and is still below the 63.4% in 2006 and 64.6% in 2000. Its just too close to the 58.3% in the worst part of the recession and has barely recovered. If you look at the growth of the employment, Trump is doing about as well as Obama's second term.
https://data.bls.gov/timeseries/lns12300000

 

It's amazing what can happen to an economy when you get Dems out of leadership for awhile! Great job President Trump, Speaker Ryan, and Majority Leader McConnell!

 

Exactly. Dems are about "managed decline".

 

There has been no sharp inflation rise under Trump, even though he has doubled GDP growth.



THANKS, OBAMA! Oil’s plunge propels gas prices toward lowest of this year.

 

Support that, please.

ECONOMICS ISN’T A SCIENCE:

“A 2014 study by the International Monetary Fund’s Prakash Loungani found that not one of 49 recessions suffered around the world in 2009 had been predicted by the consensus of economists a year earlier.”​

 

I would rather increase debt to grow the economy and jobs, rather than bailout Banks, Health Insurers, FHA and other loser Federal Government Programs.

 

enjoy your .83 cents more a month.

 

Well, inflation is usually in the 2-3% range in good economic times. In order for decent wage growth we need wage growth in the 3-4% range. You need at least 3.5% wage growth to get ahead of inflation.

If you look at the wage growth for non-supervisory employees, wage growth was 3.2% and cost of living increases was 2.7%. Thats only .5% growth. This is precisely the reason that we need wage growth in the 3.5% to 4.5% range is ideal.
https://www.bls.gov/news.release/pdf/realer.pdf

 

I asked you for support for this.

Thank you for giving it a shot.

Take care,
Zorro

 

The support is that you need that kind of growth to stay well ahead of inflation. Also, in previous growth periods wage growth was above 3.5%.

 

I'm not asking for your opinion. I asked you for support for your claim. If you could cite Economists stating this, you already would have, but I appreciate you double checking.

 

Thats about 1600 dollars a year for a 40/hr week employee.

Combined with Tax cuts Im sure most Americans can find a use for the money they didn't get under Obama.

 

And even these "crumbs" Democrats want back.

 

I "cherry picked" nothing. Cherry picking is misusing a SUB set. I used the WHOLE set of Trump's ENTIRE Presidency.

The effect of Trump's tariffs has been evident in customs receipts, which have risen substantially over the last few months, something which Trump has repeatedly touted as a fringe benefit of the escalating trade war.

 

But I thought you liked tax cuts....
Those are a new tax on all Americans.

 

But easily avoided and voluntary. Americans always have had the freedom to pay more in taxes if they choose to.

 

It would seem they haven't chosen that path.

 

Is it? Trump borrows massive amounts of money in order to give companies a tax break so people can earn 3% more wages. Inflation is like what? 2% as usual? So it's in fact a 1% more money vs half a trillion more in debt.

https://www.cnbc.com/2018/08/02/the-trump-administration-is-headed-for-a-gigantic-debt-headache.html