Black unemployment falls to second-lowest level on record in February
The unemployment rate for black Americans fell back down to an historic low in February, after spiking up in January.
Just 6.9 percent of black adults were unemployed in February, according to the Bureau of Labor Statistics, the second-lowest such ratio since the agency has been keeping track.
The low mark was set in December, at 6.8 percent. Then, the rate spiked to 7.7 percent, but that increase proved short-lived.
What Obama and the left can't seem to understand is that you need a growing economy in order to have low unemployment. And that doesn't happen with over regulation, high taxes, and too much government interference.
What Thom and the GOPers can't seem to understand is that under-regulation leads to a financial crisis like the one our last GOP president drove us into. And, that low taxes combined with current defense spending levels result in Trillions of $$ of debt.
Since Trump first took credit for the lower unemployment rates earlier this month, journalists and economists have noted that he isn’t really the cause of the decline. Unemployment among black Americans has been declining pretty steadily after coming close to 17 percent in 2011. Over at the Washington Post, Philip Bump points out that unemployment numbers for black Americans have fallen relatively consistently for the past several years. By the time Trump entered the Oval Office in January 2017, the black unemployment rate was at 7.8 percent.
“From January to December 2017, the unemployment rate among black Americans fell 1 percentage point,” Bump explains. “During the same period in 2016, it fell the same amount. In 2015, it fell 1.9 points. The previous year, it fell 1.5 points. The year before that, it fell 1.8 points.”
Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities and a former economic adviser to Vice President Joe Biden, says Trump can’t really take credit for this trajectory. “Trump has had nothing to do with the decline in African-American jobless rates, or any other group’s rates,” Bernstein told Vox in an email Wednesday. “He’s completely riding a trend he inherited.”
Instead, Bernstein credits the actions of Federal Reserve Chair Janet Yellen, who oversaw a steady period of declining unemployment numbers and kept interest rates suppressed instead of raising them as soon as the unemployment numbers fell, a move that helped drive unemployment down further. Yellen was frequently criticized by the GOP and then-candidate Trump, who argued on the campaign trail that the unemployment rate was a “phony number.” (Yellen resigned from her post last year after Trump declined to appoint her for a second term.)
Janelle Jones, an analyst with the left-leaning Economic Policy Institute, agrees. “These are the results of good previous policy that lead to economic growth,” she told Vox. “The recovery of employment was happening long before Trump got into office.”
I stand corrected. I was thinking about how well he did in that first batch. None were over 50%, but plenty over 35%, which was still huge with that many challengers.
If Trump is reelected, it's essentially because Democrats are so (cough) ineffective. Too much of the upper echelon of the party is elderly and needs to retire. The "contract with America" GOP purge of the mid 90s and tea party purge of the Obama years left a more energetic younger (and further right-leaning) batch of republican congressmen and senators than the Dems. The democrats didn't have any changes during the Bush years and aren't looking like changing much before 2020. Now the basic impression outside of California, New York and New England is that the Democratic party is the party of people of color and is more interested in helping illegal immigrants than American workers. This is not true but the optics are right there. Democrats may make some gains in 2018 but it so far is not looking that good for 2020.
Top of Page Bottom of Page PermalinkFull Name: ________
mark my words
mark my words
Top of Page Bottom of Page PermalinkFull Name: ________
.
.
Top of Page Bottom of Page PermalinkFull Name: Druba
https://www.youtube.com/watch
https://www.youtube.com/watch?v=elX_TCXaj3s&list=UUJ4BNoreNiuSrI3sx3FdIM...
Top of Page Bottom of Page PermalinkFull Name: Imagine
You certainly sound like
You certainly sound like Gunner sometimes.
Top of Page Bottom of Page PermalinkFull Name: _
Detective Floops, are you
Detective Floops, are you familiar with the band Alice In Chains?
Top of Page Bottom of Page PermalinkFull Name: ________
>You certainly sound like
>You certainly sound like Gunner sometimes.
lol
Top of Page Bottom of Page PermalinkFull Name: Druba
Top of Page Bottom of Page PermalinkFull Name: Ausonius
U.S. stock market set to jump
U.S. stock market set to jump after report indicates strongest job market in two decades
https://www.marketwatch.com/story/us-stock-market-jumps-after-hotter-tha...
Nonfarm payrolls increase by 313,000 in February vs. 200,000 est.
https://www.cnbc.com/2018/03/09/nonfarm-payrolls-february.html
U.S. Added 313,000 Jobs in February
https://www.bloomberg.com/news/articles/2018-03-09/u-s-added-313-000-job...
155,215,000: Record Number of Americans Employed
https://www.cnsnews.com/news/article/susan-jones/155215000-number-employ...
Top of Page Bottom of Page PermalinkFull Name: Def. High
And Benito got the trains to
And Benito got the trains to run on time.
Top of Page Bottom of Page PermalinkFull Name: _
And Benito got the trains to
And Benito got the trains to run on time.
Top of Page Bottom of Page PermalinkFull Name: New & Improved
I remember Thom always giving
I remember Thom always giving kudos to Obama for job gains.
Top of Page Bottom of Page PermalinkFull Name: New & Improved
I remember Thom always giving
...
Top of Page Bottom of Page PermalinkFull Name: good at drinking water
https://fred.stlouisfed.org
https://fred.stlouisfed.org/graph/?g=iV5k
Top of Page Bottom of Page PermalinkFull Name: ________
Are we going to have a Google
Are we going to have a Google battle?
Top of Page Bottom of Page PermalinkFull Name: Imagine
Atex, I do know Alice in
Atex, I do know Alice in Chains, but I've never seen them live. Why?
Top of Page Bottom of Page PermalinkFull Name: good at drinking water
https://fred.stlouisfed.org
https://fred.stlouisfed.org/graph/?g=iV5U
Top of Page Bottom of Page PermalinkFull Name: Oaksterdam Dan
Hey they come to snuff the
Hey they come to snuff the rooster
Top of Page Bottom of Page PermalinkFull Name: jeff
Resignation will occur no
Resignation will occur no later than Sept. 30th, 2018.
I'll put $20 up for anyone who wants to put there money where there mouth is...
Top of Page Bottom of Page PermalinkFull Name: El Nino
He also just got completely
He also just got completely played by North Korea. The man is a fool
https://www.motherjones.com/kevin-drum/2018/03/kim-jong-un-finally-gets-...
Top of Page Bottom of Page PermalinkFull Name: Great white sperm whale &
Bullet to the head won't help
Bullet to the head won't help his re-election..
Top of Page Bottom of Page PermalinkFull Name: Ausonius
Nasdaq hits record high, Dow
Nasdaq hits record high, Dow soars 400 points after strong jobs report
https://www.cnbc.com/2018/03/09/us-stock-futures-dow-data-nonfarm-payrol...
Top of Page Bottom of Page PermalinkFull Name: jeff
thank Obama Thom.
thank Obama Thom.
Top of Page Bottom of Page PermalinkFull Name: Ausonius
Black unemployment falls to
Black unemployment falls to second-lowest level on record in February
The unemployment rate for black Americans fell back down to an historic low in February, after spiking up in January.
Just 6.9 percent of black adults were unemployed in February, according to the Bureau of Labor Statistics, the second-lowest such ratio since the agency has been keeping track.
The low mark was set in December, at 6.8 percent. Then, the rate spiked to 7.7 percent, but that increase proved short-lived.
http://www.washingtonexaminer.com/black-unemployment-falls-to-second-low...
What Obama and the left can't seem to understand is that you need a growing economy in order to have low unemployment. And that doesn't happen with over regulation, high taxes, and too much government interference.
Top of Page Bottom of Page PermalinkFull Name: New & Improved
What Thom and the GOPers can
What Thom and the GOPers can't seem to understand is that under-regulation leads to a financial crisis like the one our last GOP president drove us into. And, that low taxes combined with current defense spending levels result in Trillions of $$ of debt.
Top of Page Bottom of Page PermalinkFull Name: Hitchhiker awaiting "true call"
Still waiting for more
Still waiting for more affordable housing for tens of millions of working class people.
Top of Page Bottom of Page PermalinkFull Name: jeff
Wrong once again Thom:
Wrong once again Thom:
Since Trump first took credit for the lower unemployment rates earlier this month, journalists and economists have noted that he isn’t really the cause of the decline. Unemployment among black Americans has been declining pretty steadily after coming close to 17 percent in 2011. Over at the Washington Post, Philip Bump points out that unemployment numbers for black Americans have fallen relatively consistently for the past several years. By the time Trump entered the Oval Office in January 2017, the black unemployment rate was at 7.8 percent.
“From January to December 2017, the unemployment rate among black Americans fell 1 percentage point,” Bump explains. “During the same period in 2016, it fell the same amount. In 2015, it fell 1.9 points. The previous year, it fell 1.5 points. The year before that, it fell 1.8 points.”
Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities and a former economic adviser to Vice President Joe Biden, says Trump can’t really take credit for this trajectory. “Trump has had nothing to do with the decline in African-American jobless rates, or any other group’s rates,” Bernstein told Vox in an email Wednesday. “He’s completely riding a trend he inherited.”
Instead, Bernstein credits the actions of Federal Reserve Chair Janet Yellen, who oversaw a steady period of declining unemployment numbers and kept interest rates suppressed instead of raising them as soon as the unemployment numbers fell, a move that helped drive unemployment down further. Yellen was frequently criticized by the GOP and then-candidate Trump, who argued on the campaign trail that the unemployment rate was a “phony number.” (Yellen resigned from her post last year after Trump declined to appoint her for a second term.)
Janelle Jones, an analyst with the left-leaning Economic Policy Institute, agrees. “These are the results of good previous policy that lead to economic growth,” she told Vox. “The recovery of employment was happening long before Trump got into office.”
https://www.vox.com/policy-and-politics/2018/1/18/16902390/trump-black-u...
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>> Still waiting for more
>> Still waiting for more affordable housing for tens of millions of working class people.
Move to the South?
Top of Page Bottom of Page PermalinkFull Name: Hitchhiker awaiting "true call"
Maybe Southern California.
Maybe Southern California.
Top of Page Bottom of Page PermalinkFull Name: long live the dead
I bet $20 if you had seen
I bet $20 if you had seen Pigpen live
and or read the quote about crappy sound I'll rip off your head and shit in it
you would have a different take on it and unfortunately I don't think we rid of the Trump shit anytime soon
Top of Page Bottom of Page PermalinkFull Name: El Nino
Top of Page Bottom of Page PermalinkFull Name: An organ grinder’s tune
cool thread
cool thread
Top of Page Bottom of Page PermalinkFull Name: Mr. Sunshine State
Given the option, I would
Given the option, I would have an affair with "Stormy" any day of the week.
Just me?
Top of Page Bottom of Page PermalinkFull Name: ________
>cool thread
>cool thread
I remember when everyone on the zone thought Trump has zero chance of becoming POTUS, except me of course.
Top of Page Bottom of Page PermalinkFull Name: Briank
Not just you, Chach. I too
Not just you, Chach. I too said it from day 1. It was sealed when he took the first primary by over 50%, against 15 other people.
I don’t doubt that he’ll win again.
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OK BK too
OK BK too
Top of Page Bottom of Page PermalinkFull Name: Briank
You have to give it to the
You have to give it to the guy. He can say and do whatever the fuck he wants, and his base cheers louder and louder.
His opposition also gets louder and louder, but Trump says, “you’re fired!”
Top of Page Bottom of Page PermalinkFull Name: nebulous nelly
Brian, which primary did
Brian, which primary did Trump have 15 opponents and take 50% of the vote?
Top of Page Bottom of Page PermalinkFull Name: Briank
I stand corrected. I was
I stand corrected. I was thinking about how well he did in that first batch. None were over 50%, but plenty over 35%, which was still huge with that many challengers.
https://en.m.wikipedia.org/wiki/Results_of_the_Republican_Party_presiden...
Top of Page Bottom of Page PermalinkFull Name: Franklin Page
If Trump is reelected, it's
If Trump is reelected, it's essentially because Democrats are so (cough) ineffective. Too much of the upper echelon of the party is elderly and needs to retire. The "contract with America" GOP purge of the mid 90s and tea party purge of the Obama years left a more energetic younger (and further right-leaning) batch of republican congressmen and senators than the Dems. The democrats didn't have any changes during the Bush years and aren't looking like changing much before 2020. Now the basic impression outside of California, New York and New England is that the Democratic party is the party of people of color and is more interested in helping illegal immigrants than American workers. This is not true but the optics are right there. Democrats may make some gains in 2018 but it so far is not looking that good for 2020.