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re: In November, hiring across the U.S. was 26.0% higher than in November 2016
Posted on 12/15/17 at 1:45 pm to PatrickBeetmen
Posted on 12/15/17 at 1:45 pm to PatrickBeetmen
I will never be tired of winning
0
Posted on 12/15/17 at 1:57 pm to TbirdSpur2010
quote:
The hilarious thing is the obama sycophants will talk until they're blue in the face crediting obama with the current econ boom and exonerating him from the previous sluggishness.
You're better than this.
According to the Bureau of Labor Statistics (not LinkedIn), the US added 2,246,000 net nonfarm jobs in 2016. In 2017, the US has added 1,916,000 net nonfarm jobs, through November. We're on pace to add fewer jobs in 2017 than we did in 2016.
That being said, it's more difficult to add jobs on the back end of a boom than it is to do so on the front end. Trump has more than held his own in that regard.
Posted on 12/15/17 at 1:58 pm to KG6
quote:
Doesn't apply to the market exactly. People don't like uncertainty. With Trump, it appears you get what you see. And business doesn't see a guy who's going to pass legislation that hurts them due to some ideal that they have (whether you agree with it or not). Which is completely different from the previous administration.
No one can deny the economy improved under Obama. But he also took over at a bottom, so there was really no way but up. We will never know if it performed at it's best under the recovery or not. But with what we've seen in terms of the market changes in the last year, I think Trump taking over 9 years ago would have probably been a much faster recovery. Again, not saying that because Trump is some economic genius. Just that business would have less concern about uncertainty.
This is all right. It's really just a business friendly climate. It doesn't even take legislation, just someone in charge who business believes is on their side instead of outside pissing into their tent.
Posted on 12/15/17 at 2:10 pm to Lou Pai
quote:
He is giving the business world confidence which is in turn giving consumers confidence. The labor market is ripping right now.
FWIW, the labor market is on pace to add the fewest jobs in a calendar year since 2010.
Posted on 12/15/17 at 3:06 pm to slackster
quote:
FWIW, the labor market is on pace to add the fewest jobs in a calendar year since 2010.
Where is the discrepancy with the Linkedin data?
Posted on 12/15/17 at 3:26 pm to slackster
The labor market is exceptionally tight. Trying to gauge based on absolute terms when we are at or near full employment is misguided, which you just pointed out. I am not a Trump fan but he and the GOP have been a godsend for the domestic economy in terms of sentiment and messaging.
Posted on 12/15/17 at 3:33 pm to Grit-Eating Shin
quote:I'm sensing some bitterness here...
Whatever makes you feel better, I guess.
Posted on 12/15/17 at 3:45 pm to PatrickBeetmen
The government reports are much more comprehensive than the data collected by linked in. Even ADP’s monthly report is only considered to be an early peak as to what the official jobs report is.
2017 job growth slightly lags behind 2016’s, but not by much. And it definitely isn’t an indictment against Trump.
2017 job growth slightly lags behind 2016’s, but not by much. And it definitely isn’t an indictment against Trump.
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