What a difference 2 weeks makes.
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Ahead Of Trump's First Jobs Report, A Look At His Remarks On The Numbers
January 29, 20176:03 AM ET
Next Friday, the Labor Department will issue its first jobs and unemployment report of Donald Trump's presidency. Forecasters expect little change in the jobless rate, which was 4.7 percent in December. That's down from 10 percent during the depths of the recession in late 2009.
Trump repeatedly claimed during the campaign that the federal government was understating the real unemployment rate.
"Don't believe these phony numbers," Trump told supporters early last year. "The number is probably 28, 29, as high as 35 [percent]. In fact, I even heard recently 42 percent."
Trump's nominee for treasury secretary, Steven Mnuchin, echoed that sentiment during his confirmation hearing.
"The unemployment rate is not real," Mnuchin told the Senate Finance Committee. "I've traveled for the last year. I've seen this."
The Labor Department actually publishes a variety of unemployment statistics, though none comes close to the figures Trump cited. The headline number of 4.7 percent counts only those who have actively looked for work in last four weeks.
A broader measure of unemployment counts anyone who has looked unsuccessfully for work in the last year. That figure was 5.7 percent in December. Adding in part-time workers who would prefer to work full-time brings the figure to 9.2 percent — the government's most comprehensive measure of unemployment and under-employment.
None of these jobless measures counts people who have dropped out of the labor force altogether. The labor force participation rate — currently 62.7 percent — has fallen 3 percentage points since former President Obama took office eight years ago. Some of that decline is a result of demographic trends, as aging baby boomers retire voluntarily. The drop may also reflect lingering fallout from the Great Recession.
If you counted everyone who's not in the labor force as "unemployed," you would get a jobless rate of 37.3 percent. But that's obviously inflated, as it includes retirees, college students and voluntary stay-at-home parents.
Stronger wage growth might pull more people back into the labor force, and more family-friendly policies might encourage stay-at-home parents to return to work. The aging population, however, will continue to put downward pressure on workforce participation. That will make it difficult for the new president to achieve his goal of adding 25 million jobs over the next decade. For comparison, the country added 15.5 million jobs under President Obama from the trough of the recession in early 2010. Today, the economy is closer to full employment, so there's much less slack to take up.
The jobs report coming out next Friday reflects employment and unemployment around Jan. 12, so this is really the final assessment of the Obama administration's job record.
White House spokesman Sean Spicer said in a press conference he doesn't expect Trump to give the new report much attention:
"He's not focused on statistics as much as he is on whether the American people are doing better as a whole."
http://www.npr.org/2017/01/29/511493685/ahead-of-trumps-first-jobs-report-a-look-at-his-remarks-on-the-numbers
White House claims credit for January jobs report
BY JONATHAN EASLEY - 02/03/17
The White House is taking credit for January's robust jobs report, saying that companies ramped up hiring amid optimism that President Trump would be more friendly to businesses than President Obama.
The economy added 227,000 new jobs in January, far greater than the 175,000 jobs economists had expected.
The report, the first since Trump took office on Jan. 20, also found the unemployment rate tick up to 4.8 percent because more Americans were looking for work.
"Today's report reflects the consumer confidence that the Trump presidency has inspired," White House press secretary Sean Spicer said. "According to a recent Gallup poll, economic confidence is at a new high, and ADP showed strong private-sector hiring. President Trump campaigned on putting Americans to work again. Even before he took office, the markets knew he'd deliver on that promise. The president has already taken significant steps to turn our economy around, and he's looking forward to ensuring that every American that wants a job has the opportunity to find one."
Trump repeatedly said on the campaign trail that the unemployment rate was a "hoax," arguing that actual unemployment was much higher than was being reported.
January marked the 76th consecutive month of job growth, an indication that Obama handed over a healthy labor market.
Trump met with top business leaders from across the nation on Friday, some of whom confronted him with reservations about his recent executive actions on immigration.
The president will also sign two executive orders on Friday aimed at dismantling the regulatory state and scaling back the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was enacted in the aftermath of the 2008 economic crisis.
"This morning the president participated in a strategic policy forum with business leaders from some of our countries most successful companies," Spicer said. "The president also understands the importance of an open dialogue with business leaders on how to make the nation's economy stronger. His firsthand experience as a successful businessman helps to guide his decisions as president, and he will continue to seek opinions of other job creators while crafting an economic agenda."
"All of these meetings are focused on one primary goal, providing new and improved employment opportunities for all Americans," Spicer continued. "We're looking at a full range of policy measures to achieve that goal, including regulatory relief, tax and trade reform, empowering women in the workplace, rebuilding America's crumbling infrastructure, and improving our education system."
http://thehill.com/homenews/administration/317791-white-house-claims-credit-for-january-jobs-report
To be fair, he was essentially President since November 8th of last year due to there being such a large vacuum in that position.
FRAT.
How's fighting timmynodick going?
In to see all the Trump nut huggers completely avoid the thread topic.
Tldr?
CuddleBug -Not the point...To be fair, he was essentially President since November 8th of last year due to there being such a large vacuum in that position.
It's the calling the numbers fake and inaccurate then taking credit for them and lauding them two months later
The Noose - In to see all the Trump nut huggers completely avoid the thread topic.
How's college going you liberal fuck public noose?
Glad to see attjack finally jump on the Trump Train
Z NEDCMK1 -
attJack, it is time for you to live up to your words!
hahahaha
Unemployment numbers are worthless, because underemployment has become a favorite strategy of industry for cutting costs. People who used to have full-time jobs that gave them a living wage and great benefits are now stuck in part-time 'gigs' that don't pay shit and have no benefits. Unemployment numbers don't reflect that change. In reality, median household incomes have been sinking ever since the turn of the century and income inequality has been skyrocketing.
Z NEDCMK1 -.
attJack, it is time for you to live up to your words!
Hey attjack/Dicktuck Did you end up taking the fight?
The Noose - In to see all the Trump nut huggers completely avoid the thread topic.
I didn't read all of it but I got the part where spicer said Trump won't pay attention to that number?
So so what are you getting at? Did I miss something in the article worth talking a out
Thanks President Trump
This is big league stuff. Not like what you would have gotten with Hillary
TwoTonsOfTaint -Hey attjack/Dicktuck Did you end up taking the fight?
this thread is now about that.
The OG.
Anything that is posted demonstrating something positive that has to do with a democrat is spun so it's irrelevant.
Or spun so hard it's attributed to trump.
how the fuck can you can trump freaks not recognize how horribly biased you are? What happened to the idea of still supporting what you are for, what you believe is best for us, while still looking at news, decisions, and statements with a truly impartial assessment?
you can still agree with Trump and conservatives without fighting for every single thing that comes out. You can still disagree with a liberal point of view without trying so hard to discredit EVERY thing they do
Can you tell me how his lead is doing?
Unemployment numbers are useless no matter who is in office. It's a ploy used by politicians to make their constituents feel better about the world. I know driving through downtown Baltimore around 1pm on a work day makes me believe there are a whole lot of mfers without jobs just hanging around sucking on the teet. That teet which is provided by you and I in the form of generously taken tax dollars. We will always have those who are unemployed. Whether by choice or circumstance. I wish they would just throw it out the window because it shouldn't be used as a measuring stick no matter who occupies the Oval Office.
Crisco -Keep reading. The short version is that now that Trump is in office, they are taking credit for the good unemployment numbers. When Obama was in office, the numbers were bogus according to Trump. But now that he is in office, the unemployment numbers are an indication that the job market is doing well. This is despite the fact that Trump hasn't been in office long enough to have any affect on the unemployment rates.The Noose - In to see all the Trump nut huggers completely avoid the thread topic.I didn't read all of it but I got the part where spicer said Trump won't pay attention to that number?
So so what are you getting at? Did I miss something in the article worth talking a out