Trump deserves all the credit for our soaring labor market

[Common Sense]

Retirees are accounted for. They aren't counted as so called discouraged workers.

Correct, they are not counted as discouraged workers, but retiring boomers have contributed to the declining rate.

https://www.cnsnews.com/news/article...-force-boomers

[Cotton1]

Blatantly untrue.

Attachment 26544

Chart straight from BLS

https://www.bls.gov/charts/employmen...ation-rate.htm

actually, it is true. Obama didn't even get close to Trumps numbers until the last few years of his 2nd term.

Yup. the Home Depot is hiring more people these days. Those employees only require partial government help in order to live.

That's their own fault. Maybe they should have gotten an education ? Not many 6 figure jobs fall in the anyone can do it category.

Oh Andy Puzder the Econ who stuck up for Bo the peep, huh? Yeah he always has links to data including the BLS.



In other words, in Trump’s first 22 months, the unemployment rate has declined 1.1 percentage points to nearly a 50 year low with no concurrent decline in labor participation. The entire decrease has been due to actual job growth in a strengthening economy, rather than people dropping out of the labor force in a stagnant economy.


The numbers are actually even better than they look. Job openings have also increased from about 900 per month in President Obama’s last 21 months to an astounding 78,000 per month under President Trump. That bodes well for an increase in labor participation over time as the Bureau of Labor Statistics (BLS) has reported that in every month since March, there has been more job openings than people unemployed – the first time that’s happened even in a single month since BLS began reporting the data in 2000.


In addition, the Wells Fargo/Gallup Small Business Index reported just this month that optimism among small-business owners has been increasing throughout 2018 to a level higher than at any point in the Index’s 15-year history.


That’s great news for workers. With unemployment low because optimistic businesses are actually hiring more people and creating new job openings, employers are competing for employees, driving wages higher at a pace not seen in nearly a decade.


The BLS recently reported that in both October and November wages for American workers were up 3.1 percent over the prior year, the largest gains since April 2009. Workers are earning more, they’re taking home more of what they earn because of the Republican tax cuts, and they’re spending it as consumer confidence surges driving more economic growth.


These numbers reflect the benefits that flow when the unemployment rate declines because more people are working, rather than because they’re dropping out of the labor force. It’s what happens when government gets out of the way by cutting taxes, slashing regulations, and encouraging domestic energy production......snip~


Of course the leftness doesn't look at those links. You have to remind the leftness that those blue words are to the links supporting Puzders data.

Boom +1 MMC

The labor participation rate had been declining since 2000. Much of that decline was due to retiring baby boomers and the decline of full time employment opportunities. However, the rate has been increasing since 2015.

Trump and Obama had and have very little to no influence on the rate.

Good morning CS. Long time no see, hope youve been doing well. Regarding Labor P Rate , thats incorrect. As for Obama and Trump? Typically I agree with you that the presidents getting too much credit regarding economic matters. However , in this case I disagree. Tax rates /expected tax rates / capital gains rates are part of the equation that has to be factored in when making a decision in regards to starting a business / capital outlays etc / any matter involving risk. If you , me or anyone else is contemplating and crunching numbers for current or future investment tax rates are a part of it. It makes less sense to take a risk or to apply capital in a scenario where the net return shows more going to the govt. It makes more sense to step up to the plate where net returns will be greater due to less taxation. If you are going to put out a huge capital investment involving risk wouldnt you be more apprehensive about it if you were putting it on the line basically to pay the govt? I certainly hope so.

[Crepitus]

actually, it is true. Obama didn't even get close to Trumps numbers until the last few years of his 2nd term.


That's their own fault. Maybe they should have gotten an education ? Not many 6 figure jobs fall in the anyone can do it category.

Boom +1 MMC



Good morning CS. Long time no see, hope youve been doing well. Regarding Labor P Rate , thats incorrect. As for Obama and Trump? Typically I agree with you that the presidents getting too much credit regarding economic matters. However , in this case I disagree. Tax rates /expected tax rates / capital gains rates are part of the equation that has to be factored in when making a decision in regards to starting a business / capital outlays etc / any matter involving risk. If you , me or anyone else is contemplating and crunching numbers for current or future investment tax rates are a part of it. It makes less sense to take a risk or to apply capital in a scenario where the net return shows more going to the govt. It makes more sense to step up to the plate where net returns will be greater due to less taxation. If you are going to put out a huge capital investment involving risk wouldnt you be more apprehensive about it if you were putting it on the line basically to pay the govt? I certainly hope so.

More lies. Labor participation rate was steadily getting better all along. Has kinda leveled off now in the tRump *administration* though.

[Peter1469]

The labor participation rate had been declining since 2000. Much of that decline was due to retiring baby boomers and the decline of full time employment opportunities. However, the rate has been increasing since 2015.

Trump and Obama had and have very little to no influence on the rate.

The labor participation rate only include working aged people. Not retirees.

[Peter1469]

Correct, they are not counted as discouraged workers, but retiring boomers have contributed to the declining rate.

https://www.cnsnews.com/news/article...-force-boomers

No they aren't.

[Peter1469]

More lies. Labor participation rate was steadily getting better all along. Has kinda leveled off now in the tRump *administration* though.

They are at historic highs. Many of the rest are likely unemployable for one reason or another.

[donttread]

actually, it is true. Obama didn't even get close to Trumps numbers until the last few years of his 2nd term.


That's their own fault. Maybe they should have gotten an education ? Not many 6 figure jobs fall in the anyone can do it category.

Boom +1 MMC



Good morning CS. Long time no see, hope youve been doing well. Regarding Labor P Rate , thats incorrect. As for Obama and Trump? Typically I agree with you that the presidents getting too much credit regarding economic matters. However , in this case I disagree. Tax rates /expected tax rates / capital gains rates are part of the equation that has to be factored in when making a decision in regards to starting a business / capital outlays etc / any matter involving risk. If you , me or anyone else is contemplating and crunching numbers for current or future investment tax rates are a part of it. It makes less sense to take a risk or to apply capital in a scenario where the net return shows more going to the govt. It makes more sense to step up to the plate where net returns will be greater due to less taxation. If you are going to put out a huge capital investment involving risk wouldnt you be more apprehensive about it if you were putting it on the line basically to pay the govt? I certainly hope so.

I know people WITH an education working for just a hair over minimum wage. It is hard for me to relate to any employment "booms" because of where I live, a very depressed are. But when I was growing up local mills and mines paid well enough to raise a one earner family, complete with home ownership, straight out of high school. Where is THAT economy?

[Peter1469]

I know people WITH an education working for just a hair over minimum wage. It is hard for me to relate to any employment "booms" because of where I live, a very depressed are. But when I was growing up local mills and mines paid well enough to raise a one earner family, complete with home ownership, straight out of high school. Where is THAT economy?

It is where the jobs are.

The only real losers* in the US today are those who don't want to move.
*People who want to work.

[donttread]

It is where the jobs are.

The only real losers* in the US today are those who don't want to move.
*People who want to work.

Where would those high paying semi-skilled jobs be?

[Peter1469]

Where would those high paying semi-skilled jobs be?

Link