Unemployment is 3.9 percent

Just a crappy economy.

So what if unemployment is 3.9%? The U30 is meaningless on its own, that's why politicians cite it so often. The employment rate in the US has remained flat at around 57 to 58%. That means that if the unemployment rate has fallen, fewer people are looking for work, not that more people are working.

I would posit that a major reason for this is that unemployment and welfare benefits at the moment are quite generous and amount to somewhere (depending on a person's circumstances) the equivalent of $20 and $30 an hour pay. Given that, why would anyone take a job for less pay than they can get sitting around doing nothing?
 
T. A. Gardner said:
Just a crappy economy.

So what if unemployment is 3.9%? The U30 is meaningless on its own, that's why politicians cite it so often. The employment rate in the US has remained flat at around 57 to 58%. That means that if the unemployment rate has fallen, fewer people are looking for work, not that more people are working.

I would posit that a major reason for this is that unemployment and welfare benefits at the moment are quite generous and amount to somewhere (depending on a person's circumstances) the equivalent of $20 and $30 an hour pay. Given that, why would anyone take a job for less pay than they can get sitting around doing nothing?
Click to expand...
:shock: Nah, that would be dishonest.
 
T. A. Gardner said:
Just a crappy economy.

So what if unemployment is 3.9%? The U30 is meaningless on its own, that's why politicians cite it so often. The employment rate in the US has remained flat at around 57 to 58%. That means that if the unemployment rate has fallen, fewer people are looking for work, not that more people are working.

I would posit that a major reason for this is that unemployment and welfare benefits at the moment are quite generous and amount to somewhere (depending on a person's circumstances) the equivalent of $20 and $30 an hour pay. Given that, why would anyone take a job for less pay than they can get sitting around doing nothing?
Click to expand...

When the unemployment rate was below 4 percent under Trump, Trump's fan boys were crowing that it was an epic economic success.
 
Cypress said:
In the collective 16 years of Trump, George Dumbya, and Poppy Bush less than one million jobs were collectively created.

264 thousand jobs to be exact.


In the 17 years of Clinton, Obama, and Biden, 41.4 million jobs collectively were created.

https://en.m.wikipedia.org/wiki/Job...ob_creation_by_US_presidential_four-year_term

https://www.google.com/amp/s/www.msnbc.com/msnbc/amp/ncna1287161
Click to expand...

This single graph pretty much says the above is a complete and utter lie

employment-rate-in-the-us-since-1990.jpg


The U30, which you and politicians cite as the "unemployment rate" is an almost meaningless statistic.

Think about this:

If right now, today, the employment rate is 58% and the unemployment rate is 3.9% that's 61.9% of the work force accounted for. What's the other 38.1% doing?
 
T. A. Gardner said:
Just a crappy economy.

So what if unemployment is 3.9%? The U30 is meaningless on its own, that's why politicians cite it so often. The employment rate in the US has remained flat at around 57 to 58%. That means that if the unemployment rate has fallen, fewer people are looking for work, not that more people are working.

I would posit that a major reason for this is that unemployment and welfare benefits at the moment are quite generous and amount to somewhere (depending on a person's circumstances) the equivalent of $20 and $30 an hour pay. Given that, why would anyone take a job for less pay than they can get sitting around doing nothing?
Click to expand...

It's more of a mixed economy. Jobs are good & available, and the stock market has been amazing. A lot of key indicators are up.

It's significantly better than the economy Trump left us with. The economy always does better under Democrats. That one really isn't disputable.
 
BartenderElite said:
It's more of a mixed economy. Jobs are good & available, and the stock market has been amazing. A lot of key indicators are up.

It's significantly better than the economy Trump left us with. The economy always does better under Democrats. That one really isn't disputable.
Click to expand...

If you're upper middle class or rich you are doing good. Everybody else is getting screwed. Most of the jobs available are pretty crappy unless you have actual skills. The Trump economy fell apart because of Fauci plague, something that wasn't Trump's fault.

The economy usually sucks under Democrats, like now, that isn't really disputable. Like I said at the outset, if you're well off you are doing great under Biden's economy. If not, you are getting fucked.

Is this being well off in Biden's economy?

Several Google employees say they've lived in the company parking lot — here's why they did it
Click to expand...
https://www.businessinsider.com/why...p on,lived on campus for three months in 2013.
 
T. A. Gardner said:
This single graph pretty much says the above is a complete and utter lie

employment-rate-in-the-us-since-1990.jpg


The U30, which you and politicians cite as the "unemployment rate" is an almost meaningless statistic.

Think about this:

If right now, today, the employment rate is 58% and the unemployment rate is 3.9% that's 61.9% of the work force accounted for. What's the other 38.1% doing?
Click to expand...

Do the math yourself. I gave the links.

264 thousand jobs created collectively in 16 years under Trump, George Dumbya, Poppy Bush.

>41 million jobs collectively created in 17 years under Clinton, Obama, Biden.
 
Cypress said:
Do the math yourself. I gave the links.

264 thousand jobs created collectively in 16 years under Trump, George Dumbya, Poppy Bush.

>41 million jobs collectively created in 17 years under Clinton, Obama, Biden.
Click to expand...

Even your own links show that you cherry picked data and don't understand statistics.

Job_Growth_by_U.S._President_-_v1.png
 
T. A. Gardner said:
If you're upper middle class or rich you are doing good. Everybody else is getting screwed. Most of the jobs available are pretty crappy unless you have actual skills. The Trump economy fell apart because of Fauci plague, something that wasn't Trump's fault.

The economy usually sucks under Democrats, like now, that isn't really disputable. Like I said at the outset, if you're well off you are doing great under Biden's economy. If not, you are getting fucked.

Is this being well off in Biden's economy?


https://www.businessinsider.com/why...p on,lived on campus for three months in 2013.
Click to expand...

The bolded is funny, and purely partisan. The economies of Clinton, Obama and even Biden surpass anything under either Bush, or Trump.

As for COVID, every President has at least one major crisis. If they're a good leader & navigate that crisis intelligently, there won't be a significant negative impact on the economy. Trump wasn't, and didn't.

The buck stops w/ the President. No excuses.
 
T. A. Gardner said:
Even your own links show that you cherry picked data and don't understand statistics.

Job_Growth_by_U.S._President_-_v1.png
Click to expand...

Your graph shows Trump and George Dumbya were the worst, and were substantially outperformed by Clinton and Obama


The math doesn't lie:

Less than a million jobs collectively created under the last three Republican presidents.

More than 41 million created during the last there Democratic presidents.


Summing up the collective number of jobs during a presidential term is a perfectly conventional and widely used metric of presidential performance.
 
T. A. Gardner said:
Just a crappy economy.

So what if unemployment is 3.9%? The U30 is meaningless on its own, that's why politicians cite it so often. The employment rate in the US has remained flat at around 57 to 58%. That means that if the unemployment rate has fallen, fewer people are looking for work, not that more people are working.

I would posit that a major reason for this is that unemployment and welfare benefits at the moment are quite generous and amount to somewhere (depending on a person's circumstances) the equivalent of $20 and $30 an hour pay. Given that, why would anyone take a job for less pay than they can get sitting around doing nothing?
Click to expand...

additionally, white unemployment is quite low while black unemployment is 8-9% and rising.
 
T. A. Gardner said:
Just a crappy economy.
Click to expand...
A crappy economy for multiple years is called a depression. You know, like the kind we had under Obama (and that we are now having under Biden).
T. A. Gardner said:
So what if unemployment is 3.9%?
Click to expand...
It isn't.
T. A. Gardner said:
The U30 is meaningless on its own, that's why politicians cite it so often. The employment rate in the US has remained flat at around 57 to 58%. That means that if the unemployment rate has fallen, fewer people are looking for work, not that more people are working.
Click to expand...
The General Strike is widening day by day.
T. A. Gardner said:
I would posit that a major reason for this is that unemployment and welfare benefits at the moment are quite generous and amount to somewhere (depending on a person's circumstances) the equivalent of $20 and $30 an hour pay. Given that, why would anyone take a job for less pay than they can get sitting around doing nothing?
Click to expand...
There is a lot of this going on, yes.
 
Cypress said:
In the collective 16 years of Trump, George Dumbya, and Poppy Bush less than one million jobs were collectively created.

264 thousand jobs to be exact.


In the 17 years of Clinton, Obama, and Biden, 41.4 million jobs collectively were created.

https://en.m.wikipedia.org/wiki/Job...ob_creation_by_US_presidential_four-year_term

https://www.google.com/amp/s/www.msnbc.com/msnbc/amp/ncna1287161
Click to expand...

You are quoting made up numbers. Governments don't create jobs (other than in government). Indeed, you are actually arguing that you think government employing everyone is a good idea. Never mind there are no longer people to build and maintain the plumbing, electrical system, run the clinics and hospitals, drive the trucks, build your computer, or any other activity in the private sector.

Stop watching MSNBC. It is fiction. It is not news. It is Fake News.
 
We're in a Depression right now? And we were in a Depression under Obama?

Who knew? I thought they had actual stats & metrics for such things, but apparently they can just be declared.
 
BartenderElite said:
It's more of a mixed economy. Jobs are good & available,
Click to expand...
So explain the ever widening General Strike. Explain how a businesses can function properly with lockdowns for forced shuttering of the business and arson and looting and the filth and criminal activity of the homeless.
BartenderElite said:
and the stock market has been amazing. A lot of key indicators are up.
Click to expand...
Inflation is not profit, dude.
BartenderElite said:
It's significantly better than the economy Trump left us with.
Click to expand...
No. DEMOCRATS implemented shutdowns. DEMOCRATS are to blame.
BartenderElite said:
The economy always does better under Democrats. That one really isn't disputable.
Click to expand...
Circular argument fallacy (fundamentalism). Denial of history.
 
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