Job growth bounces back in April, up 211k. Unemployment falls to ten year low (user search)
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  Job growth bounces back in April, up 211k. Unemployment falls to ten year low (search mode)
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Author Topic: Job growth bounces back in April, up 211k. Unemployment falls to ten year low  (Read 806 times)
JA
Jacobin American
Junior Chimp
*****
Posts: 6,955
United States


« on: May 05, 2017, 12:10:42 PM »

This is still the Obama boom. It doesn't become Trump's really until maybe a year (or half year?) in because it takes that long for a President to affect the economy. And none of the Trump executive orders or actions have yet materially affected the economy. Neither has there been legislation to affect said economy.

(Yes that applies to past presidents -- Clinton left W. a strong but slowing economy because of the dot-com bubble bursting).

OP just inadvertently credited a Democratic President by accident. Not that it was his intention which kind of makes it hilarious. Especially since Fox made the same mistake.

^^ This

But also, I'd like to know in which sectors those jobs were created and what their rate of pay, benefits, and security was. If they're contracted or low wage service jobs, that's not job growth we should really be celebrating.
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JA
Jacobin American
Junior Chimp
*****
Posts: 6,955
United States


« Reply #1 on: May 05, 2017, 02:19:02 PM »

This is still the Obama boom. It doesn't become Trump's really until maybe a year (or half year?) in because it takes that long for a President to affect the economy. And none of the Trump executive orders or actions have yet materially affected the economy. Neither has there been legislation to affect said economy.

(Yes that applies to past presidents -- Clinton left W. a strong but slowing economy because of the dot-com bubble bursting).

OP just inadvertently credited a Democratic President by accident. Not that it was his intention which kind of makes it hilarious. Especially since Fox made the same mistake.

^^ This

But also, I'd like to know in which sectors those jobs were created and what their rate of pay, benefits, and security was. If they're contracted or low wage service jobs, that's not job growth we should really be celebrating.

A strong mix:
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It is a mix, but I certainly would not characterize it as a "strong" mix. The bulk of the jobs were in the less financially secure sectors of the economy.
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