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re: Forbes Mag - Obama outperforms Reagan on jobs growth and investing
Posted on 9/17/14 at 6:06 pm to HailHailtoMichigan!
Posted on 9/17/14 at 6:06 pm to HailHailtoMichigan!
I like this board, but do not reflexively discount this Forbes article because it is complimentary of Obama.
quote:
There is another election in just eight weeks. Statistics will be bandied about. Monthly data points will be hotly contested. There will be a lot of rhetoric by candidates on all sides. But, understanding the prevailing trends is critical. Recognizing that first the economy, then the stock market and now jobs are all trending upward is important – even as all 3 measures will have short-term disappointments.
2
Posted on 9/17/14 at 6:09 pm to Sid in Lakeshore
quote:
nderstanding the prevailing trends is critical. Recognizing that first the economy, then the stock market and now jobs are all trending upward is important –
there is a mean of 6.
that means nothing without context.
Posted on 9/17/14 at 8:55 pm to Sid in Lakeshore
quote:
Recognizing that first the economy, then the stock market and now jobs are all trending upward is important – even as all 3 measures will have short-term disappointments.
To keep pace with population growth, the economy needs to create 180k to 220k jobs/ month. That doesn't decrease unemployment in any significant way. It keeps it static. Additionally, when surveying the number of part-time jobs which are counted as created jobs, we truly realize that not all jobs created are created equal.
The economy contracted two quarters ago. Long long long after the actual recession and even long long long after a supposed recovery.
For all the folks who desire to keep smearing lipstick on the pig, it won't change the actual economy.
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