The Inevitable New The Inevitable Trump Mocking Thread

U.S. Added 164,000 Jobs in July
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GABRIELLE LURIE/AFP/Getty Images
JOHN CARNEY2 Aug 2019176
2:19
The U.S. economy added 164,000 jobs in July and unemployment held steady at 3.7 percent.

Economists surveyed by Econoday had forecast a gain of 151,000 for July and for unemployment to decline slightly to 3.6 percent.

While the economy has continued to grow this summer, it has shown signs of slowing from the rapid 3.1 percent rate of growth in the first three months of the year. Manufacturing has been a weak spot while consumer spending and the labor market have been strong. Economic growth slowed to a 2.1 percent rate in the April through June period.

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Employment in health care rose by 30,000 over the month, almost entirely made up of gains in ambulatory health care services. Health care employment has increased by 405,000 over the year, with ambulatory health care services accounting for about two-thirds of the gain.

Mining employment declined by 5,000 in July and has been sluggish for several months.

Manufacturing employment grew by 16,000 for the month and has generally slowed this year compared with last. Job gains in the industry had averaged 22,000 per month in 2018.

This week Federal Reserve Chairman Jerome Powell said weakness around the globe may also be weighing on the U.S. economy by reducing demand for U.S. exports. And uncertainty around trade may also be making businesses hesitant to invest. The Fed on Wednesday announced a one-quarter percentage point cut to its benchmark interest rate.

With unemployment near 50-year lows, job growth has slowed. Employment growth has averaged around 165,000 per month thus far this year, compared with an average monthly gain of 223,000 in 2018.

The very poor May jobs figure was revised even further down by 10,000 from 72,000 to 62,000. June’s bounce-back was revised down by 31,000 to 193,000, making the rebound less impressive.

Despite very low unemployment, wage growth remains muted. Over the past 12 months, average hourly earnings have increased by 3.2 percent.
Thanks Obama! Now why are so many people working more than one job? Why is the cost of healthcare so high? The stock market is doing well what about the majority of Americans not invested in the stock market? Why is our infrastructure still crumbling? Lead in the water? Why if we are doing so well is t trying to shut down immigration the thing that has made America? Why is there demonization of people's religion and where they are from? Why are the poorest states in America red states?
 
Blue State.....

California was given a first-place title this week that it surely doesn’t want.

It has the highest rate of poverty of any state in the country, according to new data from the U.S. Census Bureau.

As a whole, the U.S. saw its national poverty rate decrease slightly 0.4 percentage points. But the Golden State has its own unique poverty story to tell.

Here’s what you should know.

How does California stack up nationally?
The U.S. Census Bureau measures poverty in two ways every year.

Official poverty measure: The official measure compares all states the same based on income.

Supplemental poverty measure: This measure calculates poverty rates by taking into account the many government programs designed to assist low-income families and individuals that are not included in the official poverty measures. It is this measure that gives us a better idea of what’s going on in a state like California.

By the supplemental poverty measure, California’s estimated poverty rate is 19 percent. While it is a 1.4 percent decrease from the previous year, the rate remains the highest among states. It accounts for about 7.5 million Californians.

The next closest is Florida with 18.1 percent. Louisiana follows at 17.7 percent.

After that, these states follow: Mississippi (15.9 percent), Arizona (15.6 percent), Georgia (15.6 percent), New York (15.5 percent), New Mexico (15.2 percent), New Jersey (15.1 percent) and Hawaii (15.0 percent).

In its own lane without statehood, the District of Columbia actually leads California on the supplemental poverty measure with 20.2 percent.

https://www.sandiegouniontribune.co...lifornia-poverty-rate-20180913-htmlstory.html
 
Say what?

4.9 percent of workers held more than one job at the same time in 2017
JULY 19, 2018


The multiple jobholding rate—the percentage of workers who held more than one job at the same time—was 4.9 percent in 2017. That was below the rates recorded during the mid-1990s, which were above 6.0 percent. Among most of the major worker groups, the likelihood of workers holding more than one job was lower in 2017 than in the 1990s.

After reaching a peak of 6.2 percent during 1995–96, the multiple jobholding rate began to recede. By the mid-2000s, the rate had declined to 5.2 percent and remained close to that level from 2006 to 2009. In 2010, the multiple jobholding rate decreased to 4.9 percent and has remained at 4.9 percent or 5.0 percent from 2010 to 2017.

The multiple jobholding rates for men and women were similar during the 1990s. Since 2001, men’s and women’s rates have diverged as men have been less likely than women to hold more than one job. In 2017, the multiple jobholding rate for women, at 5.3 percent, was higher than that for men, at 4.6 percent.

Among the major race and ethnicity groups, Blacks (5.3 percent) and Whites (5.0 percent) had the highest multiple jobholding rates in 2017. Rates were lower for Asians (3.3 percent) and Hispanics (3.2 percent). Since 2010, the rate for Blacks has risen, while rates for other race and ethnicity groups have shown little change.

These data are from the Current Population Survey. We have more information about multiple jobholders, including recent monthly estimates. Multiple jobholders are wage and salary workers who hold two or more jobs, self-employed workers who also hold a wage and salary job, or unpaid family workers who also hold a wage and salary job. People whose ethnicity is Hispanic or Latino may be of any race.

https://www.bls.gov/opub/ted/2018/4...ne-job-at-the-same-time-in-2017.htm?view_full
 
Daffy's talking points......


"Unemployment is low because everyone has two jobs. Unemployment is low because people are working 60, 70, 80 hours a week and can barely feed their family."
Alexandria Ocasio-Cortez on Friday, July 13th, 2018 in an interview on PBS' "Firing Line"

Alexandria Ocasio-Cortez, a self-described democratic socialist and former organizer for Bernie Sanders' 2016 presidential campaign, attracted national attention after her upset primary victory over Democratic Rep. Joe Crowley in a Queens- and Bronx-based district. But critics pounced on some of her remarks during an interview on the PBS show Firing Line with Margaret Hoover.

During the interview, Ocasio-Cortez said, "Unemployment is low because everyone has two jobs. Unemployment is low because people are working 60, 70, 80 hours a week and can barely feed their family." (It’s at about 5:45 in this video.)

This comment drew criticism from a number of right-leaning outlets, including the National Review, Hot Air, TownHall.com and Reason.

In our review, we found many reasons why unemployment is low, and not for the overwork that Ocasio-Cortez cited. The biggest factors include strong economic confidence and the long-running economic recovery. (Her campaign did not respond to an inquiry.)

"Everyone has two jobs"
The Bureau of Labor Statistics keeps track of how many people work two jobs rather than just one.

Over the past 12 months, the number of multiple job holders has ranged between 6 million and 7 million. That compares to more than 148 million Americans who are employed in a single job.

So by the official statistics, multiple job holders account for a tiny fraction of American workers.

And this percentage isn’t high by historical standards.

The percentage has moved in a pretty narrow band — 4.7 percent to 5.2 percent — during the recovery from the Great Recession. That range is actually below where it was between 1994 and the Great Recession. In fact, the percentage was at its highest (as high as 6.5 percent) during the peak of the 1990s boom.

"People are working 60, 70, 80 hours a week"
This assertion is equally dubious.

The Bureau of Labor Statistics breaks down its count of people with multiple jobs into three categories: people working one full-time job and one part-time job; people with two part-time jobs; and people working two full-time jobs.

A worker with two full-time jobs is the smallest category of the three.

... the people who might be working 70 or 80 hours a week amount to a tiny percentage of a tiny percentage — 310,000 people at most in a pool of employed Americans totaling more than 150 million.

It’s also worth noting that on average, Americans aren’t working more today than they have been in the recent past. The average number of hours worked in the private sector has hugged tightly to about 34.5 hours a week since 2006, except for a dip during the Great Recession.

When the BLS determines the unemployment rate, a person is counted as employed as long as they have at least one job. They don’t get counted twice if they have two jobs. So Ocasio-Cortez is wrong in saying multiple job holding and long hours affect the unemployment rate.

It’s worth remembering that both of the factors Ocasio-Cortez cited — people working multiple jobs and long hours — are actually good things for the labor market, said Gary Burtless, an economist with the Brookings Institution.

"Increases in the number of multiple job holders and longer average work hours almost always accompany a strengthening labor market — that is, a job market in which it is easier to find work, in which spells of unemployment are heading downwards, and in which the ranks of the unemployed are shrinking," Burtless said.

Ocasio-Cortez said, "Unemployment is low because everyone has two jobs. Unemployment is low because people are working 60, 70, 80 hours a week and can barely feed their family."

Even taking into account rhetorical excess, her statement is off in multiple ways. Fewer than one in 20 employed Americans holds a second job of any type, and the people who might be working as much as 70 or 80 hours a week represent a tiny fraction of that tiny fraction. The rates for either statistic are not high by historical standards.

In any case, the BLS does not use either of those factors in determining the official unemployment rate.

https://www.politifact.com/truth-o-...dria-ocasio-cortez-wrong-several-counts-abou/
 
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Thanks Obama! Now why are so many people working more than one job? Why is the cost of healthcare so high? The stock market is doing well what about the majority of Americans not invested in the stock market? Why is our infrastructure still crumbling? Lead in the water? Why if we are doing so well is t trying to shut down immigration the thing that has made America? Why is there demonization of people's religion and where they are from? Why are the poorest states in America red states?
You mean this lazy POS?
 
See, the Trumpies get all wound up from the stuff they read on their blog media and then Trump, knowing they're uneducated robots, says this stuff. They forget that there are facts...

"Well, based on the fact that we've just become -- and, you know, fairly recently, a little while ago, the number one oil and gas producer and energy producer in the world, by far -- Russia, Saudi Arabia, now second and third, based on the fact that we now have the best -- we will soon have the most modern military we have ever had with the best equipment, the best, newest planes and all of the things that we have done, and so many other things, Sean -- based on all of that, the last person they should want is me," he said.

Facts First: The US has not "just" become the world's top energy producer: it took the top spot in 2012, according to the US government's Energy Information Administration. It became the top producer of crude oil in particular during Trump's tenure.

"The United States has been the world's top producer of natural gas since 2009, when US natural gas production surpassed that of Russia, and it has been the world's top producer of petroleum hydrocarbons since 2013, when its production exceeded Saudi Arabia's," the Energy Information Administration says.



Crime "on the other side"


Trump repeated his claim that unspecified opponents of his broke the law.

"This crime was a -- the crime was committed on the other side, and we'll find out about that. We have a great attorney general who is looking at it. I'm not involved in that," he said.

Facts First: Several of Trump's former aides and allies have been convicted through the Mueller investigation. None of Trump's opponents have been convicted. Attorney General William Barr did assign a federal prosecutor to examine the origins of the Russia investigation, but no proof of any crimes by the investigators has emerged to date.
 
And, that is exactly what the new philosophy of white supremacist propaganda is, have people repeat and spread their talking points without knowing they are. Ease them into hate. I called the plumber out on it a couple years ago.
Another lie from the Daffy one
I'm not only not a white supremacist, I'm not a supremacist of any kind.
This seems to be just one more of your 'projecting' posts, if anyone repeats talking points it's you dickwad.
 
In the news today, in Cincinnati, typical Trump supporter situation goes down. 29 year old Trump Supporter punches a guy 3 times his age. Trump supporters, like Trump himself, are pussies. They always, I mean always, pick on someone weaker than them.
 
In the news today, in Cincinnati, typical Trump supporter situation goes down. 29 year old Trump Supporter punches a guy 3 times his age. Trump supporters, like Trump himself, are pussies. They always, I mean always, pick on someone weaker than them.
Always rarely is
 
Today there are roughly 6.5 million unemployed under the traditional measure, 1.6 discouraged or marginally attached workers and 4.9 million part-time workers who cannot find full-time employment.

This puts almost 1 in 12 American workers unable to find the employment they wish and provides a source of real concern for policymakers hoping to translate strong labor markets into broad prosperity.

https://thehill.com/opinion/finance/368559-low-unemployment-rate-doesnt-tell-the-whole-story

The public typically perceives a low unemployment rate as reassuring because it suggests that everyone who wants a job has one. But the broader set of jobs data suggests that’s not the case. ”As usual, the consequences of truly no growth in the labor market leaves particularly politicians to emphasize nothing other than the unemployment rate,” Snider says.

Trump himself used to complain about just this issue. Bashing the official unemployment stat was one of his bigger campaign trail themes. Back in June 2015, he made this remark about the official unemployment rate (which was then 5.5%): “Our labor participation rate was the worst since 1978…. Our real unemployment is anywhere from 18 to 20%. Don’t believe the 5.6. Don’t believe it. That’s right. A lot of people out there can’t get jobs.” And in May 2016: ”You hear a 5% unemployment rate. It’s such a phony number. That number was put in for presidents and for politicians so that they look good to the people.” A month after his victory in the US presidential elections, he was still sticking to his guns: “The unemployment number, as you know, is totally fiction.”

Given this history, Snider suggests, Trump should know better than to tout the latest unemployment numbers. To understand the problem, it helps to explain how the US government measures the health of its workforce.

https://qz.com/1297561/the-dazzling...-blinding-americans-to-a-much-darker-reality/

The Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics (BLS) is a key source of data on U.S.unemployment. The national unemployment rate is derived from this survey and is the number most commonly touted by the media to summarize the state of the economy and its workers.

But it doesn't tell the whole story.


https://www.investopedia.com/financial-edge/0609/what-the-unemployment-rate-doesnt-tell-us.aspx
 
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