Jump to content
Check your account email address ×

Trumps economy adds a huge number of jobs in January far exceeding estimates


BOHICA

Recommended Posts

 

It is great that the economy is doing well, the UE rate is now 3.6  % according to BLS numbers, and the UE rate in Nov. 2016 was 4.6. 

So for future reference, adding more to the debt in 3 years than the previous 4 and raising the deficit from 587 billion to over a trillion will yield a 1% drop in UE. 

 

Link to comment
Share on other sites

37 minutes ago, 1trailmaker said:

Trudeau and Canada did far better per capita but you won't see SLUG and FRECHY posting about it 

 

Same goes for stock markets 

 

funny how Trudeau doesn't get any credit like Donny does

 

Because it’s factually incorrect you fucking imbecile. 

  • Haha 1
Link to comment
Share on other sites

2 hours ago, frenchy said:

Because it’s factually incorrect you fucking imbecile. 

sorry it is correct for USA 10 times our size

37000 job numbshitm that would mean usa needs 370000 jobs to be even

 

math isn't a strong point with you

 

You sure were quick to post the big lose last November 

 

Link to comment
Share on other sites

6 hours ago, 1trailmaker said:

sorry it is correct for USA 10 times our size

37000 job numbshitm that would mean usa needs 370000 jobs to be even

 

math isn't a strong point with you

 

You sure were quick to post the big lose last November 

 

Canada's unemployment rate is like 5.5% Faggot that's way the fuck higher. it's never ever been 3.6% you fucking retard :guzzle:talk about being shitty at math you fucking imbicile

Edited by Momorider
  • Like 1
Link to comment
Share on other sites

15 hours ago, BOHICA said:

well done Trump.  Much better then what Obama tried to pass off as an economy
https://www.washingtonpost.com/business/2020/02/07/february-2020-jobs-report/

Numbers are the same.

15 hours ago, Snake said:

This shit has to stop.

Trump inherited a tailwind economy, growth is what it was during the Obama years. 

Trump promised 4-6% growth, what the fuck happened to that promise Maurice?

Look at those Clinton years :thumbsup:

Image result for us economic growth by year chart

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

  • Thanks 1
Link to comment
Share on other sites

3 hours ago, Mileage Psycho said:

Numbers are the same.

Trump inherited a tailwind economy, growth is what it was during the Obama years. 

Trump promised 4-6% growth, what the fuck happened to that promise Maurice?

Look at those Clinton years :thumbsup:

Image result for us economic growth by year chart

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

That’s the funny part that the trump fun boys like to ignore when furiously jerking off over the long expansionary period of his - that it has the softest/worst real growth rate when compared to other expansionary periods. 

  • Thanks 1
Link to comment
Share on other sites

3 hours ago, Mileage Psycho said:

Numbers are the same.

Trump inherited a tailwind economy, growth is what it was during the Obama years. 

Trump promised 4-6% growth, what the fuck happened to that promise Maurice?

Look at those Clinton years :thumbsup:

Image result for us economic growth by year chart

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

You didn't build that! 

 

Link to comment
Share on other sites

  • Platinum Contributing Member
17 minutes ago, frenchy said:

That’s the funny part that the trump fun boys like to ignore when furiously jerking off over the long expansionary period of his - that it has the softest/worst real growth rate when compared to other expansionary periods. 

Nobody cares because his SOTU was the best ever....OMG!!!!!! 
F5C127F3-8DF7-4EE8-9358-670BD6B7B5EF.jpeg.7e4f07ff6c1635a9e7d17d7daebaaf35.jpeg

  • Haha 1
Link to comment
Share on other sites

4 hours ago, Mileage Psycho said:

Numbers are the same.

Trump inherited a tailwind economy, growth is what it was during the Obama years. 

Trump promised 4-6% growth, what the fuck happened to that promise Maurice?

Look at those Clinton years :thumbsup:

Image result for us economic growth by year chart

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

GDP growth in 2019 continues to exceed pre-election forecasts. For example, in its final projection before the 2016 election, the Congressional Budget Office (CBO) estimated that real GDP would grow at a 2.0 percent annual rate over the first 12 quarters of a new Administration. Instead, under President Trump, real GDP beat expectations and grew at a 2.5 percent annual rate from the election to the end of 2019—faster than the rate under President Obama’s expansion period.

Last year marked the third consecutive year that real GDP growth exceeded the final CBO and Federal Open Market Committee projections made before the 2016 election, as shown in the figure below. Because of economic growth surpassing expectations, real GDP at the end of 2019 is $260 billion—or 1.4 percent—higher than CBO’s projection.

Real-GDP-Growth-Relative-to-Pre-November

Despite headwinds from slower global growth and reduced aggregate demand, the American economy is stronger than other developed nations’ economies. As the figure below shows, from the beginning of the Trump Administration through the third quarter of 2019 (the latest comparable, available data), United States annualized GDP growth was more than a full percentage point above the other G7 countries’ average. The United States was one of only two G7 countries (the other being Japan, where projected growth was only 0.9 percent) that met the International Monetary Fund’s one-year-ahead growth projections for 2019.The other advanced countries saw large downward revisions. In particular, real GDP growth in Germany and the United Kingdom contracted in the second quarter of 2019. Major emerging market economies such as China and India also experienced slowdowns.

Annualized-US-Real-GDP-Growth-vs-Other-G

In the face of this global slowdown, American consumers continue driving the economy with robust spending growth. Real consumer spending grew 2.6 percent in the four quarters of 2019. Higher consumer spending accounted for roughly 80 percent of real GDP growth in 2019.

Consumers are spending more because their confidence is rising amidst historic labor market gains. The January reading of the Conference Board Consumer Confidence Index increased 3.4 points to 131.6, a 31 percent increase since the month before President Trump’s election. With a 50-year-low unemployment rate of 3.5 percent and 1 million more job openings than job seekers, the ratio of respondents who say jobs are “plentiful” compared to those who say jobs are “hard to get” is more than 4:1.

Link to comment
Share on other sites

10 hours ago, 1trailmaker said:

sorry it is correct for USA 10 times our size

37000 job numbshitm that would mean usa needs 370000 jobs to be even

 

math isn't a strong point with you

 

You sure were quick to post the big lose last November 

 

yes it is wrong you complete fucking retard. You want to glom onto one month like a fucking mouth breathing lackey when that's not how the stats are even compiled, go ahead. Just makes you look more ignorant if that is humanly possible.

Trudeau has been an economic disaster compared to Trump, undeniable fact.

Real GDP per capita increase in Canada since Trudeau was elected - 2.7% vs. 6.3% in the US

Business investment per worker over the same time - 5% growth in Canada vs 19% growth in the US and 15% in OECD countries

Unemployment in Canada running 2.5-3% higher in Canada vs the US over the same period.

Not only is the US kicking our ass but almost every OECD country is as well.

Trudeau is an absolute failure on every economic indicator. Only someone as dumb and constantly high as you could argue otherwise. Brain dead drooling deadbeat.

 

 

  • Like 1
Link to comment
Share on other sites

10 hours ago, 1trailmaker said:

you didn't post about the Win for Trudeau's pipeline :dunno:  funny how other PM's couldn't get it done, Alberta is jumping for joy.

Why aren't you?  :dunno: 

are pipelines bad now? :lol: 

if it wasn't for Trudeau's gross ineptitude taxpayers wouldn't be on the hook for a pipeline that has just doubled in cost projection with no end in sight. Brain dead fucking retard.

  • Like 2
Link to comment
Share on other sites

  • Platinum Contributing Member
32 minutes ago, Snake said:

GDP growth in 2019 continues to exceed pre-election forecasts. For example, in its final projection before the 2016 election, the Congressional Budget Office (CBO) estimated that real GDP would grow at a 2.0 percent annual rate over the first 12 quarters of a new Administration. Instead, under President Trump, real GDP beat expectations and grew at a 2.5 percent annual rate from the election to the end of 2019—faster than the rate under President Obama’s expansion period.

Last year marked the third consecutive year that real GDP growth exceeded the final CBO and Federal Open Market Committee projections made before the 2016 election, as shown in the figure below. Because of economic growth surpassing expectations, real GDP at the end of 2019 is $260 billion—or 1.4 percent—higher than CBO’s projection.

Real-GDP-Growth-Relative-to-Pre-November

Despite headwinds from slower global growth and reduced aggregate demand, the American economy is stronger than other developed nations’ economies. As the figure below shows, from the beginning of the Trump Administration through the third quarter of 2019 (the latest comparable, available data), United States annualized GDP growth was more than a full percentage point above the other G7 countries’ average. The United States was one of only two G7 countries (the other being Japan, where projected growth was only 0.9 percent) that met the International Monetary Fund’s one-year-ahead growth projections for 2019.The other advanced countries saw large downward revisions. In particular, real GDP growth in Germany and the United Kingdom contracted in the second quarter of 2019. Major emerging market economies such as China and India also experienced slowdowns.

Annualized-US-Real-GDP-Growth-vs-Other-G

In the face of this global slowdown, American consumers continue driving the economy with robust spending growth. Real consumer spending grew 2.6 percent in the four quarters of 2019. Higher consumer spending accounted for roughly 80 percent of real GDP growth in 2019.

Consumers are spending more because their confidence is rising amidst historic labor market gains. The January reading of the Conference Board Consumer Confidence Index increased 3.4 points to 131.6, a 31 percent increase since the month before President Trump’s election. With a 50-year-low unemployment rate of 3.5 percent and 1 million more job openings than job seekers, the ratio of respondents who say jobs are “plentiful” compared to those who say jobs are “hard to get” is more than 4:1.

Very impressive numbers amidst a global slowdown!:bc: .........let us not forget that Obama administration was coming off a deep recession and that is usually followed by an equally robust recovery , in Obamas case, not so much.

Link to comment
Share on other sites

11 hours ago, 1trailmaker said:

you didn't post about the Win for Trudeau's pipeline :dunno:  funny how other PM's couldn't get it done, Alberta is jumping for joy.

Why aren't you?  :dunno: 

are pipelines bad now? :lol: 

Because private companies were going to build it but because Trudeau is such a moron now taxpayers are on the hook for it and it’s going to cost over double what we were told now fuck you’re dumb 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Trying to pay the bills, lol

×
×
  • Create New...