209,000 jobs were created in 7/17, not bad

[DemocratSinceBirth]

258,000 jobs were created in 7/16, just sayin...


https://www.cnbc.com/2016/08/05/nonfarm-payrolls-july-2016.html

[crazylikafox]

1. Good catch. Thanks.

[DemocratSinceBirth]

4. As soon as the numbers were reported I checked last year's numbers.

[Squinch]

2. And am I right in thinking that, while jobs are still being created, a slow overall decline in year

over year numbers is beginning?

[DemocratSinceBirth]

5. We're approaching "full employment."

[Sanity Claws]

3. How many of those new jobs in 7/17 were for lawyers in D.C.?

Just sayin'...

[dawg]

6. Amazing how well the economy is going with no major policy changes as of yet.

Looks like we don't need to repeal Obamacare or pass a big tax cut after all.

[aaaaaa5a]

15. Remember when Obamacare was supposed to stifle economic growth?

In 1993, The US economy was terrible. The Clinton administration passed a fiscal budget that included tax increases. It didn't have one republican vote. That budget led to the economic prosperity of the 1990s. And conversely, as a result of that budget, many democrats lost their jobs and the congress when GOP in 1994.


In 2009 following another GOP economy disaster, the Democrats again passed a serious of fiscal budgets, stimulus plans and Obamacare. Just like Clinton's 1993 budget deal, Obamacare didn't have one republican vote. These budgets and program have led to the stunning economic turnaround and record job growth. And conversely because of their votes, many democrats lost their jobs and the congress went GOP in 2010.


We have a real interesting economic cycle. The Democrats pass controversial budgets and programs that fix the economy and lead to record economic growth. And they get kicked out of office for their efforts. The GOP then comes in and screws it up. And then the Democrats are elected again to fix the mess and do the dirty work so they can get kicked out of office again.

[dawg]

16. I 'member.

[roamer65]

7. All that QE and ZIRP from the Federal Reserve is finally gaining traction.

The Rethugs stopped fiscal stimulus as the party of "no" under our last good president, so this recovery is now largely due to Ms Yellen and Mr Bernanke.

Thank you, Ms Yellen and Mr Bernanke.

[aaaaaa5a]

8. Thank you President Obama and the Dem congress

When Obama took office in 2008, the GOP President left an economy in a historic downturn. It was the worst economic crisis since the Great Depression. We most likely would have seen a second Great Depression were it not for the work of President Obama.

FDR guided America through a Great Depression. Obama saved America from having to go through Great Depression again.

Under President Bush and his budget, unemployment soared to over 10% in 2009. It was a complete economic disaster. A meltdown.


Today, as the country winds down under Presisent Obama's economic budget and policy we see unemployment around 4% and a record breaking stock market nearly 4x the value it had when Obama first implemented his policies 8 years ago. The Obama agenda has led to an American record for steady job growth month, to month, to month.

This economy is still operating under Obama.

This fall, Trump and the GOP will take over. Starting this fall and working into 2018, it will be interesting to see if the GOP President can sustain the economic excellence of his predecessor. Or if he will be like Bush, who in 8 years ruined the economy Bill Clinton gave to him in 2000.

Thank you President Obama and the Dem congress of 2008-2010 for the record shattering economic success of our country.

[Bradical79]

10. Why fall?

Just curious wgat changes then.

[SFnomad]

11. I would guess that it's the beginning of the new Fiscal Year

And it will be the first budget under a Republican Congress and tRump, unless they do a Continuing Resolution of some sort, which seems likely.

The US Government 2018 fiscal year begins October 1st, 2017. When a new President is sworn in, the first 8 months of their first term is run under the budget of the prior President and Congress.

[Bradical79]

12. I see, thanks! -nt

[aaaaaa5a]

13. Yes. Exactly. nt

[aaaaaa5a]

14. A new administration has no budget or structural impact on the economy until October.

Trump is an idiot. All of his boasting of the current state of the economy is under Obama's budget, rules and economic policies. When the stock market hit 22,000, that was under Obama's economic budget. The 4% unemployment rate, (vs the 10% he inherited) is a stunning legacy of achievement for Democrats and President Obama.


The budget and economic policies of the US economy are essentially done one year in advance. The fiscal year is October to October. Therefore Trump has no structural impact on the economy until his budget and economic principles are implemented in October.

It bothers me when I watch press reports and NOBODY seems to understand this or bother to explain it to the public at large.

This economic budget cycle impacted the Obama administration too. But in a negative way. The GOP Bush budget was so bad and so hurtful to the economy that for most of 2009, while Obama was in office waiting to implement his budget, under the Bush plan the United States economy was striking at a record rate. Obama's plan for economic change could not be implemented until October of his first year. You can't go back and retroactively change something as big as the United States fiscal budget. This was true for Obama in 2009. And its true for Trump now in 2017.

Obama saved the country from a Great Depression. The job growth and stock market gains during his Presidential years, October 2009-October 2017 are record setting. They are among the greatest in US history.

I wish the media and so called economic experts could report some facts as to how the US economy actually works. And who is really responsible for its successes and failures.

[Johnny2X2X]

9. This is Obama's economy.

Trump's economy starts in October.

4.3% UE. This is great because there is real pressure to push wages up now. We've had good wage growth for a few years now. It's a lagging stat, so no matter what happens, wages should continue to rise for a couple years.

4.3% is very low, it cannot get much lower.