DOW 22,000

[UCFKnight85]

Then they still must be "fake" because the BLS is still run by the same staff as were under Obama.

https://www.bls.gov/news.release/jec.nr0.htm

"Nonfarm payroll employment rose by 209,000 in July, and the
unemployment rate, at 4.3 percent, was little changed. Job gains
occurred in food services and drinking places, professional and
business services, and health care. Employment growth has
averaged 184,000 per month thus far this year, in line with the
average monthly gain in 2016 (+187,000)."

"The labor force participation rate, at 62.9 percent,
changed little in July and has shown little movement on net over
the past year. The employment-population ratio, at 60.2 percent
in July, also was little changed over the month but is up by 0.4
percentage point over the year."

But yeah, it's Trump.

Ok, so first off, I never said this was an "OBAMA!" thing. So way to generalize with more false assumptions.

I understand these fake numbers are used as part of the BLS outputs. However the government in power obviously pumps up the numbers that look the best.

My point remains- this 4.3% unemployment rate isn't real. It's only real if you subtract that historic number of people who have totally given up trying to re-enter the workforce and are not counted. Many of these people simply do not have skills for jobs that are available. Which is why I laugh every time some metro left wing know it all tells me that Americans will never "do the jobs that Mexicans do".

Also, my entire reference to Trump was regarding the STOCK MARKET and general optimism amongst consumers and businesses that he has driven since his election win.

By the way, remember how every "economist" guaranteed that the market would go into a crash immediately after Trump were elected, if he won? Yep. More experts being absolutely correct in their fields of expertise.

 

[CommuterBob]

Ok, so first off, I never said this was an "OBAMA!" thing. So way to generalize with more false assumptions.

I understand these fake numbers are used as part of the BLS outputs. However the government in power obviously pumps up the numbers that look the best.

My point remains- this 4.3% unemployment rate isn't real. It's only real if you subtract that historic number of people who have totally given up trying to re-enter the workforce and are not counted. Many of these people simply do not have skills for jobs that are available. Which is why I laugh every time some metro left wing know it all tells me that Americans will never "do the jobs that Mexicans do".

Also, my entire reference to Trump was regarding the STOCK MARKET and general optimism amongst consumers and businesses that he has driven since his election win.

By the way, remember how every "economist" guaranteed that the market would go into a crash immediately after Trump were elected, if he won? Yep. More experts being absolutely correct in their fields of expertise.

But your response was to someone talking about numbers under Obama:

I thought the recovery under Obama was fake (just like unemployment numbers)

Where you said they were fake:

Unemployment numbers were fake. Or at least presented in deliberately misleading ways. If we truly had a 4.6% unemployment economy then wages would be increasing higher than 3% per year. The fact is that millions of people are still out of the labor force and there are still a lot of people applying for jobs they don't have skills for

So an inference can easily be drawn. It's not a false assumption, but you just didn't explain your differentiation very well, so it's just an incorrect one. My point is that it's the same BLS staff using the same BLS methodology (unchanged since 2010 BTW) but under a new POTUS. Trump himself said during the campaign that the numbers were false. Now he's touting them as bona fide. Got to laugh.

 

[UCFKnight85]

But your response was to someone talking about numbers under Obama:

Where you said they were fake:

So an inference can easily be drawn. It's not a false assumption, but you just didn't explain your differentiation very well, so it's just an incorrect one. My point is that it's the same BLS staff using the same BLS methodology (unchanged since 2010 BTW) but under a new POTUS. Trump himself said during the campaign that the numbers were false. Now he's touting them as bona fide. Got to laugh.

Forget unemployment then. Look at business capital expenditures; they are up for the first time in a long time. Businesses are generally now more willing to spend and invest in their people and operations with deregulation and anticipated lower taxes. That is Trump