May Jobs Report: The Obama economy keeps roaring forward!

[Lief 🗽]

223,000 new jobs, unemployment rate down to 5.4%, a 7-year-low.

http://wonkwire.com/2015/05/08/u-s-adds-223000-jobs-in-april-unemployment-rate-dips-to-5-4/

THANK YOU PRESIDENT OBAMA.

[King]

Participation rate has stabilized at 62.8% for three months in a row now. We might have finally hit the floor on that decline.

225,000 is a great number to hit. The markets are reacting great to it. It's the kind of steady growth that keeps us moving forward without risking a recession bubble.

I'm very optimistic about this economy. There's so much more room to grow here. The gridlock in DC has been sort of a blessing. We have so much stimulus left too: infrastructure improvements over the next few years and Medicaid expansions left to happen.

[AggregateDemand]

Satisfactory. Finally stabilized employment. Now pump up the participation rate or gtfo. We can't afford entitlements unless we've got 68%-70% working.

[Ebsy]

The March numbers were revised downward, however. Hopefully with the rise in oil prices, energy companies will stop shedding jobs. Still, a good jobs report, and we are nearing "full employment."

[Clarko95 📚💰📈]

Could be better, still got lots to do, but I'm content with the path we're on.


Thanks, President Romney Obama

[Free Bird]

Because Obama makes the laws that affect employment

[King]

Because Obama makes the laws that affect employment

Pretty sure much was made about his job killing healthcare bill and environmental reforms.

[Negusa Nagast 🚀]

Because Obama makes the laws that affect employment

Good point. We should always remember the juvenile behavior of the Republican Congress from 2011-2013 (and beyond, but this was the worst of it) that destroyed consumer and business confidence by shutting down the government and turning down multiple jobs packages. They delayed the Obama recovery for political gain by over a year or more; could you imagine the progress we'd of made if the recovery's acceleration began in 2012 instead of 2014?

[Free Bird]

Because Obama makes the laws that affect employment

Pretty sure much was made about his job killing healthcare bill and environmental reforms.

That the Congress had to approve. He's not a king.

[King]

Because Obama makes the laws that affect employment

Pretty sure much was made about his job killing healthcare bill and environmental reforms.

That the Congress had to approve. He's not a king.

I don't know what your point is?

[Lief 🗽]

itt: republican tears

credit where credit is due, y'all almost destroyed the economy countless times, but at the end of the day, President Obama gave you a good whooping.

[AggregateDemand]

itt: republican tears

credit where credit is due, y'all almost destroyed the economy countless times, but at the end of the day, President Obama gave you a good whooping.

A kindergartner could "save" the economy with this much debt. The recovery has been tepid, and has generally fallen woefully short of what is needed to "spread the wealth around" and provide more opportunity to less fortunate workers.

[Starbucks Union Thug HokeyPuck]

itt: republican tears

credit where credit is due, y'all almost destroyed the economy countless times, but at the end of the day, President Obama gave you a good whooping.

A kindergartner could "save" the economy with this much debt. The recovery has been tepid, and has generally fallen woefully short of what is needed to "spread the wealth around" and provide more opportunity to less fortunate workers.

I mean, we've been TRYING to raise the minimum wage and the plutocratic nutjobs of your ilk keep stopping us. 

[Obama-Biden Democrat]

Remember when Romney said he would consider his term successful if he cut the unemployment rate down to 6 %?

THANKS OBAMA

[AggregateDemand]

I mean, we've been TRYING to raise the minimum wage and the plutocratic nutjobs of your ilk keep stopping us. 

......and fat people are begging for more food stamps.

Americans are paid too much because we're taxed/mandated too much, and that's part of the reason why American labor can't compete.

How did FDR raise income for seniors? Min wage increases? The problem with Democrats is that you're not even good hacks. It's just a club for people who demand limitless stupidity from government. 

[Ebsy]

How did FDR raise income for seniors? Min wage increases? The problem with Democrats is that you're not even good hacks. It's just a club for people who demand limitless stupidity from government. 

He had Congress institute a payroll tax on all wage earners to fund a redistributive program known as Social Security, which also helped fund the federal government through the purchase of Treasury bonds. Of course, Social Security wasn't nearly enough to end elderly poverty as it was known then; that would have to wait until Medicare was passed in 1966 under LBJ. If you would like to learn more about poverty among the elderly prior to Medicare, I would advise you read The Other America by Michael Harrington.

Also, FDR was the first president to push for a minimum age, and it was set at 25 cents an hour in 1938.

[AggregateDemand]

He had Congress institute a payroll tax on all wage earners to fund a redistributive program known as Social Security, which also helped fund the federal government through the purchase of Treasury bonds. Of course, Social Security wasn't nearly enough to end elderly poverty as it was known then; that would have to wait until Medicare was passed in 1966 under LBJ. If you would like to learn more about poverty among the elderly prior to Medicare, I would advise you read The Other America by Michael Harrington.

Also, FDR was the first president to push for a minimum age, and it was set at 25 cents an hour in 1938.

So FDR did use minimum wage to increase senior income?

[Ebsy]

He had Congress institute a payroll tax on all wage earners to fund a redistributive program known as Social Security, which also helped fund the federal government through the purchase of Treasury bonds. Of course, Social Security wasn't nearly enough to end elderly poverty as it was known then; that would have to wait until Medicare was passed in 1966 under LBJ. If you would like to learn more about poverty among the elderly prior to Medicare, I would advise you read The Other America by Michael Harrington.

Also, FDR was the first president to push for a minimum age, and it was set at 25 cents an hour in 1938.

So FDR did use minimum wage to increase senior income?

Indirectly, though I can't be certain if his intent when raising wages was to funnel more payroll tax dollars into social security.