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Johnny2X2X

(19,558 posts)

5. Labor Department still independent

Fri Feb 1, 2019, 10:39 AM

Feb 2019

Last edited Fri Feb 1, 2019, 11:32 AM - Edit history (1)

These numbers are valid just as they were valid under Obama.

The job market is still cooking. Fantastic, the problem for now isn't finding a job, it's finding a job that pays well. Wage growth never really picked up and when it did start to show signs of life inflation increased to eat it all up and then some.

We consistently had 1.5% to 2.0% wage growth under Obama which was a slow, but steady boost to working people only because inflation was near 0% for years. Now Trump is boasting about 2% wage growth, well that's being eaten up and then some by inflation in excess of 2%. Under Obama, working people were seeing real gains, under Trump they are falling behind.

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U.S. creates 304,000 jobs in January, unemployment rises to 4% [View all] UpInArms Feb 2019 OP

I dont believe this INdemo Feb 2019 #1

It will be revised downward next month UpInArms Feb 2019 #2

I don't believe them as well. Iliyah Feb 2019 #4

I believe it. It's not Trump's people. It's the BLS. Yavin4 Feb 2019 #16

Thank you for stocking up for the BLS DrToast Feb 2019 #34

Hmmm...where have I heard that argument before? onenote Feb 2019 #21

Do these statistics itcfish Feb 2019 #30

Some answers progree Feb 2019 #32

This is the only administration I believe this about. Having a career in Accounting and Finance, politicaljunkie41910 Feb 2019 #41

Hopefully BumRushDaShow Feb 2019 #3

I just got in five minutes ago. I'll be adding to this thread throughout the day. mahatmakanejeeves Feb 2019 #6

TGIF to you too! BumRushDaShow Feb 2019 #8

you rock, mahatmakanejeeves UpInArms Feb 2019 #22

Gawrsh mahatmakanejeeves Feb 2019 #23

Labor Department still independent Johnny2X2X Feb 2019 #5

"These numbers are valid just as they were valid under Obama." mahatmakanejeeves Feb 2019 #7

BLS data doesn't agree with inflation-adjusted wages falling behind under Trump part, progree Feb 2019 #9

Wages should be exploding right now Johnny2X2X Feb 2019 #13

Because the very definition of a "job" has changed. Yavin4 Feb 2019 #17

Inflation-adjusted average WEEKLY earnings are also up (4.0% under Obama, 2.6% under Trump) progree Feb 2019 #18

$315.83 a week is poverty level Yavin4 Feb 2019 #19

315.83 is an index value not a dollar amount n/t mathematic Feb 2019 #24

Those numbers in my #18 are 1982-1984 dollars. progree Feb 2019 #28

Links to earlier reports: mahatmakanejeeves Feb 2019 #10

Additional links: mahatmakanejeeves Feb 2019 #11

Commissioner's Statement on The Employment Situation; lengthy this month mahatmakanejeeves Feb 2019 #12

Yup, chaos. The number of Employed fell by 251,000 while payroll jobs up 303,000 progree Feb 2019 #14

Thanks. From the report: mahatmakanejeeves Feb 2019 #20

I didn't mean to imply they are any more screwed up than any other January numbers progree Feb 2019 #29

Got it. Thanks, as always, for the great explanatory material. NT mahatmakanejeeves Feb 2019 #31

Likewise, and thanks for all your material and hard work each month. NT progree Feb 2019 #33

The real unemployment rate, Januaries u6 number is 8.1%. It rose from 7.6% Mr. Sparkle Feb 2019 #15

The mind-numbing rant, based on a version posted on the first Friday in September 2016: mahatmakanejeeves Feb 2019 #25

ADP says 213,000 IronLionZion Feb 2019 #26

ADP attempts to predict the BLS number DrToast Feb 2019 #35

I'm not sure that ADP is attempting to predict the number that the BLS will release mahatmakanejeeves Feb 2019 #36

The BLS payroll jobs number is +/- 120,000 with 90% confidence bounds progree Feb 2019 #37

This report made my jaw hit the floor. How could this possibly be true? Vinca Feb 2019 #27

Presidential Jobs Table. Also my EF Economic Statistics page updated (annual update) progree Feb 2019 #38

Thanks for all the work that went into that. mahatmakanejeeves Feb 2019 #39

"I've updated my link" progree Feb 2019 #40