DawgTalkers.net Forums DawgTalk Palus Politicus CNBC's Jim Cramer: These are the best jobs numbers of our lives

Pa-Leeze! Telling it like it really is won't fly here!

"Whether you love Trump or hate him, THESE ARE REAL NUMBERS!"

-Jim Cramer

But the leaders of France (8.9% unemployment and growing) and Canada (5.9% unemployment and growing) are laughing at us... and we need them to respect us.

But are they good jobs that provide livable wages?

Minimum wage 2019: Almost half of all Americans work in low wage jobs- Link

Numbers can be cherry picked to say lots of different things.

If everything is great, why are white people in this country committing suicide at a record pace?

It’s so great, why is your demographic’s life expectancy is dropping?

Workers at the lower end of the pay scale finally are getting the most benefit from rising wages

The recent jump in paychecks has come with an unusual characteristic, as workers at the lower end of the pay scale are getting the greater benefit.

Average hourly earnings rose 3.4 percent in February from the same period a year ago, according to a Bureau of Labor Statistics report last week. That’s the biggest gain since April 2009 and seventh month in a row that compensation has been 3 percent or better.

What has set this rise apart is that it’s the first time during an economic recovery that began in mid-2009 that the bottom half of earners are benefiting more than the top half — in fact, about twice as much, according to calculations by Goldman Sachs. The trend began in 2018 and has continued into this year, and could be signaling a stronger economy than many experts think.

https://www.cnbc.com/2019/03/13/workers-...sing-wages.html

The job growth is great. Sadly that's all this guy seems to be able to do.

Give away trillions in tax cuts to prop up the economy.

These guys are happy over these number because it boosted the stock market, not because 'good paying' jobs were created. End of the day, there will be a correction in two months, like there has been on ALL of Trumps other 'good numbners', and the real numbers will show this is not helping the non-investor little guy at all. Happy circle smirk

Uh, Job gains for August and September were revised up by 95,000. August’s additions were bumped from 168,000 to 219,000 and September’s from 136,000 to 180,000.

Please keep your facts straight.


https://www.usatoday.com/story/money/201...ted/4116570002/

I don't remember liberals caring about good paying jobs when they were praising Obamas job numbers.

Link

I'll paraphrase the article: "CEOs compensation have increased %940 while typical workers compensation has increased 12%...since 1978."

So basically, people getting paid ridiculous amounts at the top makes the economy look like it's running well. I suppose, for those at the top, it is. For those getting the poorly compensated "new jobs," it's a bit more of the same, though probably not really accounting for inflation particularly in areas like housing.

If you just look at the numbers, yup, they are impressive. But the problem is wages.. People are having to work two and three of these jobs to make ends meet.

You wanna know what other number is real, the Debt and Deficit. Those number are real as well..

Trump and his team lied to us.. They said the cuts would pay for themselves.. They won't. That's the same lie Reagan told and that Bush told and W told.

Trickle down economics don't work. Never have, never will. It relies on the honesty and integrity of the business community.

I had to listen to nearly TWO TERMS of great job numbers under Obama being attacked by Fox and all the Right Wing crony media outlets... Trump himself went on a crusade claiming the job numbers were all lies and the "REAL" numbers were 40%+ unemployment !!!! It was disgraceful then - and proven to be so because all the same stooges are now swooning over the SAME NUMBERS .... smh. They are hypocrites.

Personally I don't want to try to manipulate some other talking point to deflect the good numbers under Trump. They were Great under Obama - they are good under Trump. I don't want to be a hypocrite like "them". Credit where credit is due - always.

Good job numbers do not negate the overwhelming negatives surrounding most facets of the Trump presidency.

The thing about wages is those who earn better wages get better wages.

Those unprepared for the workforce are usually stuck in low paying jobs because there is competition for the well paying jobs. Those who are prepared usually move up the scale.

Times have changed. 40 years ago a person with a HS diploma could get a job in manufacturing and make a decent living. Live in a decent community, have a decent home, take a vacation now and then and make good. No, they would never get rich nor have much chance to move up the "social" pecking order for lack of a better term, but they could live a nice life.

It just isn't the same these days. I wish it wasn't that way but it is. You can't go out with a HS diploma and find many manufacturing jobs. That was the backbone of our country for 100 years. Now it is tech, healthcare, and services. It's hard to get in to those fields, if not impossible without further education.

But that was the Right Wing rhetoric when it was Obama. I didn't like it then and I don't like it now. I call B.S.

Numbers are calculated the same way - for Trump, for Obama, for Bush, for Clinton .... period.

I don't know how you can say O's numbers were so great. I remember him running companies out of the country with taxes and regulations. People on welfare and food stamps in record numbers.

Republicans have proven their policy works. This drives Democrats crazy. They should go on with their impeachment and resisting. Leave America to the grownups.

That's because you aren't paying attention - and you listened to the right wing B.S that I mentioned. It's not hard.

It seems more like both parties have proven that their policies work better for them than for the people that they are supposed to represent.

Grownups? Trump throws more tantrums than a toddler.

OK for those of us on neighter side. We don't care which side looks better. We don't care if you think your wrong or right. All that matters is what is right.

Although I agree with your sentiment GM, when you vote for a side you are choosing a side bro.

Folks, this is what a steady (15 hrs/week) diet of Limbaugh looks like. That ish is unhealthy. "Fast food for thought." His fatty deposits are blocking blood flow to important reasoning centers of people's brains.

And the meals that are cooked up for them at FOX make a diet of Limbaugh seem like an Olympic training table.

Trump promised to eliminate America's budget deficit. But government spending just pushed the 12-month total past $1 trillion for the 2nd straight month.

https://www.yahoo.com/news/trump-promised-eliminate-americas-budget-194002771.html

The US budget deficit swelled in November as Washington continued to spend more than it collected in revenue despite solid economic growth.

The gap between federal expenditures and receipts grew to $209 billion last month, the Treasury Department said in its monthly budget statement on Wednesday. In the same month last year, the government budget deficit was $205 billion.

The 12-month deficit came in above $1 trillion for the second month in a row. Since the start of the fiscal year in October, the gap has grown by 12%.

Receipts increased by 3% in that period, to $471 billion, partly because of calendar quirks that shifted the timing of payments. Outlays rose by 7%, to $814 billion, boosted by healthcare and retirement programs.

Lawmakers typically have more tools to reduce the national debt when the economy is in a solid place. As a candidate in 2016, President Donald Trump promised to eliminate the deficit within eight years.

But it has continued to jump in the wake of recent legislation, including $1.5 trillion tax cuts that the president signed into law after his first year in office.

The GOP had initially argued that lower taxes would lift the economy enough to make up for the loss in federal revenue. But key Republicans have since walked back the long-standing claim that the 2017 package would pay for itself.

A bipartisan budget agreement reached in August lifted the debt ceiling and increased spending by about $320 billion. That would amount to a $1.7 trillion increase in projected debt levels over the next decade, the Committee for a Responsible Federal Budget estimated.

________

conservatives were complaining non stop under obama. keep that same energy,

I hear and feel that.

Swish, so Trump is going to pay off the national debt before he leaves office (based on the assumption that he wins again)..

The national debt is, just to use a nice round number, $20 trillion... the federal budget is what, $4 trillion/year?

So if he has 5 years to accomplish the goal, all the federal government has to do is not spend a dime on anything else for the next 5 years... see, problem solved.

Trump...not golfing for 5 years. Color me skeptical.

Here’s an informative article for those all giddy about the unemployment numbers...
A couple of quotes from the article...

“Inside of those unemployment numbers is a stark reality, that 44% of American workers live or get less than $18,000 a year, more or less. “

“What does the 44% really mean when you see 44% of American workers making $18,000 or less a year and we’re crowing about full employment. Let’s talk about the reality of what American citizens actually face in this economy, this full employment economy.

Well, to analyze an economy or even to analyze employment and unemployment in an economy is a little bit like going to the doctor and asking the doctor to analyze your health. If the doctor simply put a thermometer in your mouth and said, “Well, you’ve got 98.6. You’re wonderful. You’re in healthy shape.”, you’d quickly find another doctor because you never point to one or two indices to determine someone’s health. You do a whole battery of tests. You do x-rays and blood tests and all of that. It’s the same with an economy. What Mr. Trump is doing is pointing to one of the very few statistics that look good, and that does look good.

A low unemployment rate is a good thing, but you have to look at other variables, and you’ve yourself just pointed to some of them. It’s one thing to be employed. It’s better than unemployed, but suppose you’re making $10 or $20 or $25,000 a year in today’s economy, you’re a poor person. We count you as a poor person, because the quality of life you can enjoy on that basis is pinched in every way. You can’t promise your children the American dream because you’re not earning it. We now actually have a measure. If Mr. Trump were honest, he would tell us that measure. It’s called the Job Quality Index; it’s prepared at Cornell University by a battery of specialists who study this. And they show, over the last 10 or 15 years, a steady decline in what they call the quality of the job.

Here’s what it means: it pays less than it used to, it has fewer benefits to go along with it than it used to, and it is much less secure than it used to be.”

https://therealnews.com/stories/employme...FB72OnxlkT2taJc

I don't disagree, but the thing is, after every industrial change, (think word processing vs typwriter) we've always promised those in the displaced industry that we would get them retrained... Yet we haven't.

We've caused a lot of unnecessary trouble by simply giving lip service to real needs.

People are disposable....we shouldn't treat them that way either.

Because tearing it down for 8 years was so much better for the average Joe/Jane?!

Do you mean when GWB was president? Because every fact in evidence is that Obama brought us back from the brink of bankruptcy.

Into the slowest recovery in US history.

From the 'Great Recession'? Really? Much of what y'all contribute to Trump was/is Obama's policy still working. The Trump effect, investors and corps all giddy about him being elected, has also had great impact... but it was not policy, it was optimism over rhetoric. At the end of the day, the little guy is getting the shaft in this economy.

Same ol same ol.