Mileage Psycho Posted May 4, 2018 Share Posted May 4, 2018 If we want to be honest we all know where this started; Thanks Barack! Quote Unemployment is below 4% for the first time since 2000 by Nathaniel Meyersohn @CNNMoneyMay 4, 2018: 9:19 AM ET The United States added 164,000 jobs in April, the Labor Department reported Friday. That was slightly below what economists expected. Unemployment dropped to 3.9%, the lowest since December 2000. "The employment situation continues to surprise everyone," said Robert Frick, chief economist with Navy Federal Credit Union. "Getting down to 3.9 is quite a marker." Wages grew 2.6% from a year earlier. That was also slightly below expectations. The report indicates another month of solid job growth for an economy that has been expanding for almost nine years — the second-longest streak on record. Related: The US economy just hit a milestone Hiring gains in April were broad. Professional and business services added 54,000 jobs, health care added 24,000, and manufacturing posted an increase of 24,000 jobs. The mining sector added 8,000 jobs, extending its gains. Employment in mining has risen by 86,000 since October 2016. The wage growth number seemed unlikely to alarm Wall Street, which has been worried in recent months about inflation. Stock futures were little changed after the report came out. Inflation is closing in on the Federal Reserve's 2% target, gasoline is heading toward $3 a gallon, and companies are reporting cost pressures. Faster inflation could force the Federal Reserve to raise interest rates more quickly than planned. Frick believes unemployment will keep falling as businesses offer more attractive wages and benefits to fill openings. "There's still hundreds of thousands of more people who will enter the workforce," he said. "I think we can get down to 3.5%." If unemployment falls much further, it will reach territory not seen in half a century. Unemployment fell as low as 3.8% in April 2000, in the waning days of the technology boom. The last time it was lower than that was 1969. http://money.cnn.com/2018/05/04/news/economy/april-jobs-report/index.html Quote Link to comment Share on other sites More sharing options...
Momorider Posted May 4, 2018 Share Posted May 4, 2018 Ballsack is a bigger hack than like almost any of the brain dead fucks on here, just pathetic Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 4, 2018 Share Posted May 4, 2018 clearly it started with Barack as he was president when the economy was at it's bottom. As much as I think Trump is an idiot i don't think we would see these numbers with Hillary in office although i am not sure that is necessarily a positive, a too hot economy is not good, steady measured growth is better. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 4, 2018 Platinum Contributing Member Share Posted May 4, 2018 (edited) 10 minutes ago, Angry ginger said: clearly it started with Barack as he was president when the economy was at it's bottom. As much as I think Trump is an idiot i don't think we would see these numbers with Hillary in office although i am not sure that is necessarily a positive, a too hot economy is not good, steady measured growth is better. I really don't see 3-4% as too hot. Much higher and I would agree. If Trump didn't have anything to do with this than people really screwed the pooch in forecasting. Manufacturing in general got caught with their pants down. I got suppliers with normal 3 month leads can't meet 9 months. Its fucking ridiculous. We had been quite steady until Nov 2016 then things really started to take off. This year would be amazing but suppliers not able to keep up will be a real issue. Edited May 4, 2018 by Highmark Quote Link to comment Share on other sites More sharing options...
T1R9sledder Posted May 4, 2018 Share Posted May 4, 2018 9 minutes ago, Angry ginger said: clearly it started with Barack as he was president when the economy was at it's bottom. As much as I think Trump is an idiot i don't think we would see these numbers with Hillary in office although i am not sure that is necessarily a positive, a too hot economy is not good, steady measured growth is better. Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted May 4, 2018 Share Posted May 4, 2018 10 minutes ago, Angry ginger said: clearly it started with Barack as he was president when the economy was at it's bottom. As much as I think Trump is an idiot i don't think we would see these numbers with Hillary in office although i am not sure that is necessarily a positive, a too hot economy is not good, steady measured growth is better. come on man, the curve was headed down. why do you think it would have stopped with Hillary? it wasn't like it was flat for a long time and then dove when trump came in. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 4, 2018 Platinum Contributing Member Share Posted May 4, 2018 17 minutes ago, Mileage Psycho said: If we want to be honest we all know where this started; Thanks Barack! Can you pinpoint anything Obama did to help the economy? Go. Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted May 4, 2018 Share Posted May 4, 2018 Just now, Highmark said: Can you pinpoint anything Obama did to help the economy? Go. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 4, 2018 Share Posted May 4, 2018 3 minutes ago, Snoslinger said: come on man, the curve was headed down. why do you think it would have stopped with Hillary? it wasn't like it was flat for a long time and then dove when trump came in. hillary would have continued the over regulation which does have a negative effect on growth. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 4, 2018 Platinum Contributing Member Share Posted May 4, 2018 3 minutes ago, Snoslinger said: = No I can't. Quote Link to comment Share on other sites More sharing options...
T1R9sledder Posted May 4, 2018 Share Posted May 4, 2018 10 minutes ago, Highmark said: I really don't see 3-4% as too hot. Much higher and I would agree. If Trump didn't have anything to do with this than people really screwed the pooch in forecasting. Manufacturing in general got caught with their pants down. I got suppliers with normal 3 month leads can't meet 9 months. Its fucking ridiculous. We had been quite steady until Nov 2016 then things really started to take off. This year would be amazing but suppliers not able to keep up will be a real issue. Same problem here.....I can not get hydraulic hose to sell. We've got back orders dating back to August. I was resorting to picking from anyone that sold the same brand. That's dried because we're all out of stock. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 4, 2018 Platinum Contributing Member Share Posted May 4, 2018 1 minute ago, T1R9sledder said: Same problem here.....I can not get hydraulic hose to sell. We've got back orders dating back to August. I was resorting to picking from anyone that sold the same brand. That's dried because we're all out of stock. There is a mix of causes. Companies gun shy about expanding and available workforce are issues. We've increased our blue collar force by 20% but we've taken from others to do it. Thank God we are 1st shift only. Lets us get good workers quickly.......so far. What brand do you sell? I buy quite a bit of it and might have some suppliers that can help you out. PM me. Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted May 4, 2018 Author Share Posted May 4, 2018 13 minutes ago, Highmark said: There is a mix of causes. Companies gun shy about expanding and available workforce are issues. We've increased our blue collar force by 20% but we've taken from others to do it. Thank God we are 1st shift only. Lets us get good workers quickly.......so far. What brand do you sell? I buy quite a bit of it and might have some suppliers that can help you out. PM me. Worker shortage and a cutback on immigration, brilliant Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 4, 2018 Platinum Contributing Member Share Posted May 4, 2018 (edited) 7 minutes ago, Mileage Psycho said: Worker shortage and a cutback on immigration, brilliant Its a big win for the legal worker. Liberals: We want wage growth. Also Liberals: Lets open the borders which will drop wages. Edited May 4, 2018 by Highmark Quote Link to comment Share on other sites More sharing options...
Anler Posted May 4, 2018 Share Posted May 4, 2018 Lets also be honest here that the republicans bought off the democrats to get their EXTRA half a trillion dollar budget thru. Being a public works contractor I am seeing way more work on the street than there has been in the last 3 years. Gonna be a great Christmas at the Nazipigdog's house this year. Thanks republicans! **ps. Pay your taxes bitches. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted May 4, 2018 Share Posted May 4, 2018 Now if we could just get all those lazy bastards off welfare... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 4, 2018 Platinum Contributing Member Share Posted May 4, 2018 10 minutes ago, motonoggin said: Now if we could just get all those lazy bastards off welfare... Quote Link to comment Share on other sites More sharing options...
1jkw Posted May 4, 2018 Share Posted May 4, 2018 How come nobody brings up, what's the REAL unemployment rate or look at the labor participation rate anymore? 1 Quote Link to comment Share on other sites More sharing options...
racer254 Posted May 4, 2018 Share Posted May 4, 2018 1 minute ago, 1jkw said: How come nobody brings up, what's the REAL unemployment rate or look at the labor participation rate anymore? Good question, go ahead. Quote Link to comment Share on other sites More sharing options...
1jkw Posted May 4, 2018 Share Posted May 4, 2018 7 minutes ago, racer254 said: Good question, go ahead. I didn't bring it up before, others here sure did. I wonder what changed? Quote Link to comment Share on other sites More sharing options...
motonoggin Posted May 4, 2018 Share Posted May 4, 2018 1 hour ago, Highmark said: And we all know that if you're still on welfare when unemployment is 4% then you're lazy. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted May 4, 2018 Platinum Contributing Member Share Posted May 4, 2018 1 hour ago, racer254 said: Good question, go ahead. You tell us... @DriftBusta @Highmark .....Clown Posse brought it up for almost 8 years......what happened? Quote Link to comment Share on other sites More sharing options...
motonoggin Posted May 4, 2018 Share Posted May 4, 2018 Pollyanna creep of unemployment #s is only a thing when the other party is in power, y'all. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 4, 2018 Platinum Contributing Member Share Posted May 4, 2018 21 minutes ago, motonoggin said: And we all know that if you're still on welfare when unemployment is 4% then you're lazy. Not at all. Plenty of people incapable of working. Plenty of people capable of working. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted May 4, 2018 Share Posted May 4, 2018 1 minute ago, Highmark said: Not at all. Plenty of people incapable of working. Plenty of people capable of working. How many? Quote Link to comment Share on other sites More sharing options...
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