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-   -   APRIL JOBS REPORT: Job creation smashes expectations, unemployment rate falls to 49-year low (https://gfy.com/showthread.php?t=1312647)

OneHungLo 05-03-2019 06:34 AM

APRIL JOBS REPORT: Job creation smashes expectations, unemployment rate falls to 49-year low
 

Quote:

The U.S. labor market charged ahead in April.

The economy added 263,000 non-farm payrolls for the month, the Bureau of Labor Statistics reported Friday. This topped expectations for 190,000 new positions, according to consensus estimates compiled by Bloomberg. March’s payroll additions were downwardly revised to 189,000, from 196,000 previously.

The unemployment rate fell to 3.6% for the month, the lowest level since December 1969. Consensus economists had anticipated that unemployment would hold at March’s 3.8% rate.

Meanwhile, the labor force participation rate fell slightly from March to 62.8%, but was unchanged from the year prior. The broad U-6 gauge of unemployment – which captures the underemployed as well as those who have ceased looking for jobs and – held at 7.3%, the same level seen in both February and March.

Average hourly earnings rose 0.2% month-over-month and 3.2% year-over-year, the same paces seen in March. Consensus economists had anticipated hourly wages to increase by 0.3% on a monthly basis and 3.3% on an annual basis.

Positions in the manufacturing sector grew by 4,000 in April, reversing a decline of 6,000 seen in March. However, this came in short of the 10,000 new manufacturing positions expected. Manufacturing job creation has been closely watched amid softness in the sector as a whole, with the Institute for Supply Management’s factory gauge falling to a two-year low in April.

The Bureau of Labor Statistics report comes on the heels of mixed employment data from other closely watched labor market indicators. ADP/Moody’s reported earlier this week that private payrolls increased by 275,000 in April, or nearly 100,000 positions more than expected. However, initial unemployment claims, which had been trending lower, recently rebounded, with Thursday’s latest reading showing new jobless claims rose by 230,000 on a seasonally adjusted basis during the last full week of April.

Meanwhile, the economy on the whole has shown signs of trending higher, based on the much stronger-than-expected reading on first-quarter GDP last week. According to that report, the U.S. economy grew at a pace of 3.2% in the first three months of the year, surging ahead of consensus expectations for 2.3% growth.

Fed Watch
Friday’s jobs report comes just two days following the Federal Reserve’s latest monetary policy decision and commentary from Fed Chair Jerome Powell, in which the central bank characterized economic activity as “solid.” The Federal Open Market Committee (FOMC) decided to keep key interest rates unchanged at a band of between 2.25% and 2.5%, with Powell subsequently telegraphing that the central bank does not see a “strong case” to change interest rates in either direction at this point.

In the statement, the FOMC noted that “job gains have been solid, on average, in recent months, and the unemployment rate has remained low.” Powell also said that he saw no signs of an overheating economy, and that wages have grown at an “appropriate” rate.

Friday’s jobs report looks to have affirmed the Fed’s stance, said Mark Hamrick, Bankrate.com senior economic analyst.

https://finance.yahoo.com/news/april...220932515.html

RedFred 05-03-2019 06:35 AM

Wait, you just said 3 days ago we had the lowest unemployment rate in history. Were you lying?

OneHungLo 05-03-2019 06:39 AM

Quote:

Originally Posted by RedFred (Post 22462998)
Wait, you just said 3 days ago we had the lowest unemployment rate in history. Were you lying?

OMG you said we had the lowest unemployment in history when in fact it's the lowest in 49 years!!!!!!

Blumph is finished!!!

pimpmaster9000 05-03-2019 06:43 AM

its amazing how the economy is through the roof but the charts dont show it...just amazing...dow has not gained 1 single point in the last 17 months but the economy is booming?!?

btw. fed rates were lower only for obama...trump has a historically low fed rate even though it was raised 7 times by minute amounts...

RedFred 05-03-2019 06:44 AM

Quote:

Originally Posted by OneHungLo (Post 22463004)
OMG you said we had the lowest unemployment in history when in fact it's the lowest in 49 years!!!!!!

Blumph is finished!!!

No, you said we did, you just can't go 5 minutes without lying.

And even with this your cult leaders approval rating is only 42%, any other President would be well over 55% with those numbers.

OneHungLo 05-03-2019 06:51 AM

Quote:

Originally Posted by crucifissio (Post 22463012)
its amazing how the economy is through the roof but the charts dont show it...just amazing...dow has not gained 1 single point in the last 17 months but the economy is booming?!?

btw. fed rates were lower only for obama...trump has a historically low fed rate even though it was raised 7 times by minute amounts...

17 months? That's kind of an odd number to pick. Usually we would go from the start of the presidency. Or a 1 year return. Or a YTD return. But 17 months...very odd. Why pick that number? No cherry picking, right?


YTD Chart:
https://i.imgur.com/L9z2dyQ.png


1 Year:
https://i.imgur.com/vAsnEm4.png


We definitely don't want to start from his election or presidency:
https://i.imgur.com/LcxzPsk.png





You want those dick and balls dragged across your face now or later?

Bladewire 05-03-2019 06:52 AM

Trump said he doesn't trust the jobs report because it can be manipulated. He said that for about two years before he was anointed POTUS by the corrupt Electoral College.

Then within a month after Trump took office the jobs report showed the lowest percentage of unemployed in decades.

Trump also said the electoral college is corrupted must be abolished.

OneHungLo 05-03-2019 06:55 AM

Quote:

Originally Posted by RedFred (Post 22463014)
No, you said we did, you just can't go 5 minutes without lying.

And even with this your cult leaders approval rating is only 42%, any other President would be well over 55% with those numbers.


Rochard 05-03-2019 06:57 AM

Thanks Obama.

OneHungLo 05-03-2019 06:57 AM

Quote:

Originally Posted by Bladewire (Post 22463030)
Trump said he doesn't trust the jobs report because it can be manipulated. He said that for about two years before he was anointed POTUS by the corrupt Electoral College.

Then within a month after Trump took office the jobs report showed the lowest percentage of unemployed in decades.

Trump also said the electoral college is corrupted must be abolished.

Were you sad when you saw more Americans are working under Trump than Obama? Admit it - you hate an America that is prospering under Trump. You would love to see Americans in bread lines.

You are the true enemy of the US.

OneHungLo 05-03-2019 07:27 AM

Quote:

Originally Posted by Bladewire (Post 22463030)
Trump said he doesn't trust the jobs report because it can be manipulated. He said that for about two years before he was anointed POTUS by the corrupt Electoral College.

Then within a month after Trump took office the jobs report showed the lowest percentage of unemployed in decades.

Trump also said the electoral college is corrupted must be abolished.

Looks like those lower taxes do seem to increase hiring and buying :thumbsup:thumbsup:thumbsup

Bladewire 05-03-2019 07:35 AM

Quote:

Originally Posted by OneHungLo (Post 22463064)
Looks like those lower taxes do seem to increase hiring and buying :thumbsup:thumbsup:thumbsup

You're not the 1%

You paid more in taxes

You also didn't get a raise

Your price of gas has gone up

Your price of food has gone up

your price for anything made of steel has gone up 20%

23 coal mines have closed in the last 2 years.

OneHungLo 05-03-2019 07:38 AM

Quote:

Originally Posted by Bladewire (Post 22463069)
You're not the 1%

You paid more in taxes

You also didn't get a raise

Your price of gas has gone up

Your price of food has gone up

your price for anything made of steel has gone up 20%

23 coal mines have closed in the last 2 years.

I paid more in taxes because I made more, so I did get a raise.

JOBS = 4 letter word for libs.

Face it - Trump's doing an awesome job. You can't deny it...actually you can try all you want, but you and I both know it.

pimpmaster9000 05-03-2019 07:41 AM

Quote:

Originally Posted by OneHungLo (Post 22463027)
17 months? That's kind of an odd number to pick. Usually we would go from the start of the presidency. Or a 1 year return. Or a YTD return. But 17 months...very odd. Why pick that number? No cherry picking, right?





You want those dick and balls dragged across your face now or later?

because that is the exact period in which the DOW has gained 0...you claim "roaring economy" yet in the last 17 months the DOW is up ZERO...charts do not lie...ZERO gains in the last 500 days...

not looking like roaring economy at all :2 cents::2 cents::2 cents::2 cents::2 cents::thumbsup:thumbsup:thumbsup

Bladewire 05-03-2019 07:42 AM

Quote:

Originally Posted by OneHungLo (Post 22463071)
I paid more in taxes because I made more, so I did get a raise.

Oh man you're too much :1orglaugh:1orglaugh that was a good laugh thanks :thumbsup

TheSquealer 05-03-2019 07:45 AM

Quote:

Originally Posted by Bladewire (Post 22463075)
Oh man you're too much :1orglaugh:1orglaugh that was a good laugh thanks :thumbsup

funny you claim to be in the biz yet have zero clue who anyone is and have no ability whatsoever to find out... since you also apparently don't know anyone else who knows anything.

OneHungLo 05-03-2019 07:48 AM

Quote:

Originally Posted by crucifissio (Post 22463074)
because that is the exact period in which the DOW has gained 0...you claim "roaring economy" yet in the last 17 months the DOW is up ZERO...charts do not lie...ZERO gains in the last 500 days...

not looking like roaring economy at all :2 cents::2 cents::2 cents::2 cents::2 cents::thumbsup:thumbsup:thumbsup

Do we have to go over this again? The feds unnecessary raising of rates dropped the market. Bastard just spooked the market 2 days ago:

https://i.imgur.com/5sKtTWm.png

Not only does the fed raising interest rates affect the economy, just the mere mention of it can cause the dow to drop by 100s of points. You don't understand that?

Just look at the drop a few days ago.

Educate yourself.

Admit it, you didn't even know what the DJI was a year ago.

DraX 05-03-2019 07:50 AM

Best unemployment rates since 1969, but Orange Man BAD! :2 cents:

Bladewire 05-03-2019 07:52 AM

Quote:

Originally Posted by OneHungLo (Post 22463081)
Do we have to go over this again? The feds unnecessary raising of rates dropped the market. Bastard just spooked the market 2 days ago:

https://i.imgur.com/5sKtTWm.png

Not only does the fed raising interest rates affect the economy, just the mere mention of it can cause the dow to drop by 100s of points. You don't understand that?

Just look at the drop a few days ago.

Educate yourself.

Admit it, you didn't even know what the DJI was a year ago.

You always blame anyone but Trump

When you think the economy is good you give Trump credit

When you acknowledge the economy is bad you blame the Fed

Your ideology has fucked you in the head

OneHungLo 05-03-2019 07:54 AM

Quote:

Originally Posted by crucifissio (Post 22463074)
because that is the exact period in which the DOW has gained 0...you claim "roaring economy" yet in the last 17 months the DOW is up ZERO...charts do not lie...ZERO gains in the last 500 days...

not looking like roaring economy at all :2 cents::2 cents::2 cents::2 cents::2 cents::thumbsup:thumbsup:thumbsup

Can you tell me the factors that make up whether an economy is good or bad and then compare those factors to the US economy?

Go google them and come back and tell me whether the US economy is healthy or not.

OneHungLo 05-03-2019 08:01 AM

Quote:

Originally Posted by Bladewire (Post 22463085)
You always blame anyone but Trump

When you think the economy is good you give Trump credit

When you acknowledge the economy is bad you blame the Fed

Your ideology has fucked you in the head

Just like I asked crusifissio, tell me what factors make up a good or bad economy and tell me why our economy is bad.

TheSquealer 05-03-2019 08:06 AM

https://i.redd.it/zefufniyozv21.jpg

OneHungLo 05-03-2019 08:14 AM

Quote:

Originally Posted by TheSquealer (Post 22463099)

This is huge ^

This is what crockett was crying about in another thread.

This is what happens when you have someone like Trump in there with lower taxes and less business stifling regulations.

I can't wait to see where we are at after 8 years of Trump.

TheSquealer 05-03-2019 08:29 AM

https://i.redd.it/zve26pm7yvv21.jpg

OneHungLo 05-03-2019 08:37 AM

https://i.imgur.com/KjgsuiA.jpg

^^ these are the people crying in this thread

TheSquealer 05-03-2019 08:52 AM

https://i.redd.it/0zjwunk180w21.jpg

Paul Markham 05-03-2019 09:18 AM

Quote:

Originally Posted by OneHungLo (Post 22463071)
I paid more in taxes because I made more, so I did get a raise.

JOBS = 4 letter word for libs.

Face it - Trump's doing an awesome job. You can't deny it...actually you can try all you want, but you and I both know it.

Bladewire thinks that giving Americans jobs will be easy and will keep prices lower. He's not thinking big picture.

Giving Americans jobs will need a reversal in 40 years of exporting manufacturing jobs to the Far East. The upside for little people like BW is there will be more people able to buy his product, less debt for the country, less crime, less poverty, less homelessness, etc.

The downside is people will buy less disposable clothingfewer people will update their phones, computers and other disposable electronics.

Imagine all sites and affiliate work going to companies that employ 3rd world workers earning 3$ an hour. Where does that put the Americans in the biz?

Bladewire 05-03-2019 09:25 AM

Quote:

Originally Posted by Paul Markham (Post 22463159)
The upside for little people like BW is there will be more people able to buy his product

Unlike you, I have a product to sell. A fresh, current, yummy product people love :winkwink:

crockett 05-03-2019 09:27 AM

Oh it's not like Trump admin could be lying is it?

Busty2 05-03-2019 09:53 AM

Quote:

Originally Posted by Rochard (Post 22463036)
Thanks Obama.

:thumbsup:thumbsup

TheSquealer 05-03-2019 09:55 AM

Quote:

Originally Posted by Bladewire (Post 22463167)
Unlike you, I have a product to sell. A fresh, current, yummy product people love :winkwink:

And yet, no one knows you and no one has done business with you and you have no clue who most old schoolers in the biz are and continually call well established and well known webmasters "fake nics".

Strange.

:1orglaugh:1orglaugh:1orglaugh

pimpmaster9000 05-03-2019 10:02 AM

Quote:

Originally Posted by OneHungLo (Post 22463081)
Do we have to go over this again? The feds unnecessary raising of rates dropped the market. Bastard just spooked the market 2 days ago:

https://i.imgur.com/5sKtTWm.png

Not only does the fed raising interest rates affect the economy, just the mere mention of it can cause the dow to drop by 100s of points. You don't understand that?

Just look at the drop a few days ago.

Educate yourself.

Admit it, you didn't even know what the DJI was a year ago.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

oh how desperate...the interest rates were MUCH higher for bush and clinton and bush and regan but it never bothered them...now this tiny pissant rate is a problem all of a sudden during "roaring" economy?...suspicious to say the least :1orglaugh:1orglaugh:1orglaugh

https://www.macrotrends.net/assets/i...ical-chart.png
https://thumbs.gfycat.com/ScornfulCo...restricted.gif

Bladewire 05-03-2019 10:07 AM

Quote:

Originally Posted by crockett (Post 22463169)
Oh it's not like Trump admin could be lying is it?

Impossible.

Trump never lies.

Trumps administration has never been proven to lie.

/s

pimpmaster9000 05-03-2019 10:08 AM

Quote:

Originally Posted by OneHungLo (Post 22463087)
Can you tell me the factors that make up whether an economy is good or bad and then compare those factors to the US economy?

Go google them and come back and tell me whether the US economy is healthy or not.



when an industrial average that follows the top 30 state owned companies and and an index like the s&p500 that follows the market caps of 500 large companies, do not do sheeeeeeeeeet in 17 months, the economy is not exactly "roaring" :1orglaugh:1orglaugh:1orglaugh

Bladewire 05-03-2019 10:10 AM

Quote:

Originally Posted by crucifissio (Post 22463208)
when an industrial average that follows the top 30 state owned companies and and an index like the s&p500 that follows the market caps of 500 large companies, do not do sheeeeeeeeeet in 17 months, the economy is not exactly "roaring" :1orglaugh:1orglaugh:1orglaugh

He doesn't understand

This has been explained to him hundreds of times over the last two three years :2 cents:

pimpmaster9000 05-03-2019 10:25 AM

Quote:

Originally Posted by Bladewire (Post 22463210)
He doesn't understand

This has been explained to him hundreds of times over the last two three years :2 cents:

its invisible roaring...somehow not visible on charts...not quantifiable in numbers...but still there...mysterious MAGA!...you have to close your eyes and imagine it!...

oh and the rich got tax cuts :1orglaugh:1orglaugh:1orglaugh

Rochard 05-03-2019 10:32 AM

Quote:

Originally Posted by Bladewire (Post 22463085)
When you think the economy is good you give Trump credit

The economy isn't good because of Trump. The economy is good because the day Trump walked into office the economy was good.

pimpmaster9000 05-04-2019 12:30 AM

Quote:

Originally Posted by crucifissio (Post 22463205)
:1orglaugh:1orglaugh:1orglaugh:1orglaugh

oh how desperate...the interest rates were MUCH higher for bush and clinton and bush and regan but it never bothered them...now this tiny pissant rate is a problem all of a sudden during "roaring" economy?...suspicious to say the least :1orglaugh:1orglaugh:1orglaugh

https://www.macrotrends.net/assets/i...ical-chart.png
https://thumbs.gfycat.com/ScornfulCo...restricted.gif


https://thumbs.gfycat.com/ScornfulCo...restricted.gif

Paul Markham 05-04-2019 01:30 AM

Quote:

Originally Posted by TheSquealer (Post 22463203)
And yet, no one knows you and no one has done business with you and you have no clue who most old schoolers in the biz are and continually call well established and well known webmasters "fake nics".

Strange.

:1orglaugh:1orglaugh:1orglaugh

And no one here has a clue what or where his sites are.

pimpmaster9000 05-05-2019 01:18 AM

Quote:

Originally Posted by crucifissio (Post 22463205)
:1orglaugh:1orglaugh:1orglaugh:1orglaugh

oh how desperate...the interest rates were MUCH higher for bush and clinton and bush and regan but it never bothered them...now this tiny pissant rate is a problem all of a sudden during "roaring" economy?...suspicious to say the least :1orglaugh:1orglaugh:1orglaugh

https://www.macrotrends.net/assets/i...ical-chart.png
https://thumbs.gfycat.com/ScornfulCo...restricted.gif

:2 cents::2 cents::thumbsup:thumbsup

pimpmaster9000 05-05-2019 01:21 AM

jobs are up 0.2% since obama...this SMASHES EXPECTATIONS! :1orglaugh:1orglaugh:1orglaugh

SMASH!

S-M-A-S-H!

nothing screams SMASH like 0.2%...it is known as "the smash unit!"


SMASH!

not over exaggerating AT ALL! :1orglaugh:1orglaugh:1orglaugh

pimpmaster9000 05-05-2019 04:22 PM

S M A S H! All expectations SMASHED! Nobody could have even imagined a 0.2% gain!

SMASH!

OneHungLo 05-05-2019 04:43 PM

Quote:

Originally Posted by crucifissio (Post 22464412)
S M A S H! All expectations SMASHED! Nobody could have even imagined a 0.2% gain!

SMASH!

Now I'll drag my balls across your face...


It's down almost a whole percentage point since Trump got into office, which is 20% decrease.

bronco67 05-05-2019 07:39 PM

...and that's the trajectory those stats have been on ever since 2009, which BTW was after Obama's first year.


The only thing Trump can get credit for is not fucking it up. The fact that even Trump can't fuck it up is a testament to how strong Obama's momentum is.

and fuck you.

Matt 26z 05-05-2019 07:42 PM

Quote:

Originally Posted by Rochard (Post 22463036)
Thanks Obama.

What do you think Obama did? I can't think of one single thing.

I credit Trump's deregulation and corporate tax cuts.

bronco67 05-05-2019 08:25 PM

Quote:

Originally Posted by Matt 26z (Post 22464473)
What do you think Obama did? I can't think of one single thing.

I credit Trump's deregulation and corporate tax cuts.

get out the charts. Look at the trend. The whole idea of tracking economic growth didn't just start when Trump became president. That line ascends from the beginning of Obama's presidency and its forward momentum extends through Trump's inauguration. If Trump wants to, he can act like he hit a home run even though he was born on third base where his finances are concerned. But he can't do that with the economy, which is backed up by years of data and something you know nothing about....facts.

Robbie 05-05-2019 08:50 PM

Quote:

Originally Posted by Matt 26z (Post 22464473)
What do you think Obama did? I can't think of one single thing.

I credit Trump's deregulation and corporate tax cuts.

Especially since the first week in office Trump rescinded ALL of Pres. Obama's economic Executive Orders.

The "thanks Obama" people always conveniently "forget" that.

Let me remind them then.
The Republican Congress would not work with President Obama for the final 6 years of his administration. So President Obama had ZERO economic legislation passed for his entire term.

So President Obama famously said: If Congress won't work with him he had "a pen and a phone" and would make Executive Orders.

And that's what he did.

And President Obama didn't have a clue about how the economy works. He was never in the private sector and was just using liberal economic theories.

The result: The worst "recovery" in history as the economy just stagnated.

Trump came in and took all of the horrible economic restrictions that Obama had place on it...and the economy responded.

It's not "coincidence" that everything got really good once Obama was gone and Trump took over.
But you can't convince people who are so full of hate and delusions of that.

pimpmaster9000 05-06-2019 12:17 AM

Quote:

Originally Posted by OneHungLo (Post 22464414)
Now I'll drag my balls across your face...


It's down almost a whole percentage point since Trump got into office, which is 20% decrease.

sure sure...0.2% is now suddenly 1% and with olympic level mental gymnastics you somehow came up with 20% :1orglaugh:1orglaugh:1orglaugh:1orglaugh

yeah thats not desperate at all :1orglaugh:1orglaugh:1orglaugh

its amazing how the unemployment rate fell "20%" according to you but the stock market has done SHEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEET in the last 17 months....just amazing :1orglaugh:1orglaugh:1orglaugh

booming for sure :2 cents::thumbsup

Paul Markham 05-06-2019 07:05 AM

Quote:

Originally Posted by bronco67 (Post 22464471)
...and that's the trajectory those stats have been on ever since 2009, which BTW was after Obama's first year.


The only thing Trump can get credit for is not fucking it up. The fact that even Trump can't fuck it up is a testament to how strong Obama's momentum is.

and fuck you.

When Trump leaves office all "recovery" records will be attributed to Democrats and all downward slumps attributed to Trump. The other way around for the Republicans.

Economies are far more complex than the leaders can control. The world is a big place and the world economy plays the biggest part.

Getting more manufacturing back to the West will improve the West's economy. But it will be decades before we see an effect. Just like the decades needed to see the effects of Globalisation, Immigration and now Automation.

BaldBastard 05-06-2019 07:18 AM

Quote:

Originally Posted by Robbie (Post 22464490)
Especially since the first week in office Trump rescinded ALL of Pres. Obama's economic Executive Orders.

The "thanks Obama" people always conveniently "forget" that.

Let me remind them then.
The Republican Congress would not work with President Obama for the final 6 years of his administration. So President Obama had ZERO economic legislation passed for his entire term.

So President Obama famously said: If Congress won't work with him he had "a pen and a phone" and would make Executive Orders.

And that's what he did.

And President Obama didn't have a clue about how the economy works. He was never in the private sector and was just using liberal economic theories.

The result: The worst "recovery" in history as the economy just stagnated.

Trump came in and took all of the horrible economic restrictions that Obama had place on it...and the economy responded.

It's not "coincidence" that everything got really good once Obama was gone and Trump took over.
But you can't convince people who are so full of hate and delusions of that.

Trump declared bankruptcy 6 times under Republican rule, then became a billionaire under Obama.

^^


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