USA job growth highest in years, wages rise, middle fingers to all the haters

[King]

http://finance.yahoo.com/news/sturdy-u-payroll-gains-eyed-060234465.html

On the eve of the big bad job killing OBUMMERCARE EMPLYOEE MANDATE 2015, the US economy has added 321,000 jobs, the highest since January 2012, and pushed our yearly job total to the highest since 1999. In addition, revised upward 44,000 the previous two months. In addition, 2.1% annual wage growth. In addition, average workweek of the employeed increased from 34.5 to 34.6 (more fulltime). In addition, professional business ($$$) outpaced retail. In addition, 62.8% labor force participation.

[Mehmentum]

I find it fascinating that the U.S. is one of the strongest economies in the world right now. 

Europe and Japan are faltering, Russia is in trouble because of sanctions and oil prices.  China is growing a lot, but less than it usually does.  So far, the bad news abroad hasn't affected the U.S. 

[memphis]

It's no coincidence that ever since Mitt Romney became president, gas prices have plummeted and America is on the rebound. Due to the resilience of the American people, the national nightmare of President Barack Hussein Obama is now in the rearview mirror.

[IceSpear]

Imagine if the economy was improving at this rate under Romney. There'd be proposals to place him on Mt. Rushmore.

[Deus Naturae]

In addition, 62.8% labor force participation.

Why are you listing this as a good thing? That's the lowest it's been since 1978.

[KCDem]

Thanks Obama!

[AggregateDemand]

We've drilled our way out of this mess. The federal government just made a bunch of noise and issued trillions in debt over the last 6 years. The economy is recovering because gasoline expenditures (% income) and real trade deficit are declining.

We still have a serious problem with BoP, and that's what Congress is trying to fix right with corporate tax reform. Repatriation taxes cause hundreds of billions of dollars in profits earned by US firms stay overseas. The only way to repatriate without being crushed by taxes is to relocate company headquarters outside of the US. Many companies have already taken this route, and it is in our best interest to make sure more companies do not follow their lead.

If corporate tax reform happens, and profits are repatriated, shifting our BoP deficit, it will be Republicans who got it done, while Democrats fiddled around with their favorite pet project, which has accomplished virtually nothing in healthcare.

I don't know why Democrats chose to write the script this way, but Schumer has noticed the strategic miscalculation and he's hoping contrition will save his sorry excuse for a party in 2016.

[The Free North]

The president neither inhibits nor stimulates significant economic growth in the country.

[Lief 🗽]

Thank you President Obama! Now if only the racist media actually reported on this, instead of letting Republicans lie about the state of the economy.

[RR1997]

Too bad the media isn't reporting this wonderful news.

[IceSpear]

The president neither inhibits nor stimulates significant economic growth in the country.

I'm pretty sure I heard the economy was Obama's fault a million times in 2010 and 2012.

[The_Doctor]

Strong economic growth could make the 2016 race more Democratic, but I want to see if the voters associate good times with this President. Or if they still feel crappy and punish the incumbent party.

This news is very interesting. I expect unemployment to be at 4 some percent but wage growth is the real number to look at, as well as workforce participation and how discouraged workers behave.

[publicunofficial]

"Not growing fast enough"

"Under a Republican president, the numbers would be even higher"

[○∙◄☻¥tπ[╪AV┼cVê└]

Imagine if the economy was improving at this rate under Romney. There'd be proposals to place him on Mt. Rushmore.

The media passed the anemic growth of 2004 that was almost exactly equal to the additional warmongering spending as an economic boom, so there's no doubt they'd be talking about how great it is that we have a President with business sense again.

[Joe Republic]

The Democrats were stupid not to run on the economy in 2014, letting the GOP win on a campaign platform of basically nothing.  At least Hillary is shrewd enough to know to run on it in 2016, even if she attributes it to Democratic policies in general rather than Obama specifically.

[AggregateDemand]

The Democrats were stupid not to run on the economy in 2014, letting the GOP win on a campaign platform of basically nothing.  At least Hillary is shrewd enough to know to run on it in 2016, even if she attributes it to Democratic policies in general rather than Obama specifically.

It wasn't a decision. They couldn't run on the economy because they've done nothing but issue debt, and they would have been exposed and dismantled by Republicans, who generally poll higher regarding economic issues.

[🦀🎂🦀🎂]

In addition, 62.8% labor force participation.

Why are you listing this as a good thing? That's the lowest it's been since 1978.

Greying population?

[Joe Republic]

The Democrats were stupid not to run on the economy in 2014, letting the GOP win on a campaign platform of basically nothing.  At least Hillary is shrewd enough to know to run on it in 2016, even if she attributes it to Democratic policies in general rather than Obama specifically.

It wasn't a decision. They couldn't run on the economy because they've done nothing but issue debt, and they would have been exposed and dismantled by Republicans, who generally poll higher regarding economic issues.

Oh that's right, I forgot the GOP has such a superior record on handling the economy!

[🐒Gods of Prosperity🔱🐲💸]

In addition, 62.8% labor force participation.

Why are you listing this as a good thing? That's the lowest it's been since 1978.

Greying population?

That's part of it, but the greying of the population has been happening for decades, and lfp hasn't always been dropping.  People are working or trying to work more at older ages. The decline among younger ages has been the most massive.

[King]

Might there have been a cultural shift in regards to teenagers/college students working while in school?

[AggregateDemand]

Oh that's right, I forgot the GOP has such a superior record on handling the economy!

TARP was ugly, but quite effective. Same cannot be said for the stimulus packages which were just plain ugly. People at the bottom are still suffering and unwilling to support Democrats, people towards the top know that Democrats are not the least bit involved in the recovery. Like Chuck said, focusing on ACA was the wrong strategy. Whatever ambition they had to reduce the cost of labor via healthcare quickly vaporized in a DC power-grab.

[AggregateDemand]

Might there have been a cultural shift in regards to teenagers/college students working while in school?

Do you think their preferences are going to make any difference when seniors try to cash their social security checks? I'm sure you'll just tell seniors, "sorry, young people can't find work these days, and we can't raise FICA taxes on working class parents".

We have a faction of people on this board who think that making excuses for poor labor force participation is going to magically fund our spending initiatives. You better come up with a $10T excuse because that's the unfunded bill just over the rainbow.

[Flake]

AD's arguments getting more wrong and more irrelevant as Obama's economy continues to grow and prosper.

[DC Al Fine]

Might there have been a cultural shift in regards to teenagers/college students working while in school?

7 years seems a bit fast for that, no?

Students tend to work the lowest skilled jobs, which would be the ones most likely to be automated or taken by older, more skilled folks in a recession.

[AggregateDemand]

AD's arguments getting more wrong and more irrelevant as Obama's economy continues to grow and prosper.

This economy?


The one where America is bled dry by debt servicing costs?