Economy is improving

[Muy Largo]

According to Bloomberg ---

The U.S. labor market turned in a solid performance at the end of 2016, sending job gains above 2 million for a sixth year as paychecks rose by the most during the current expansion.
The 156,000 increase in December payrolls followed a 204,000 rise in November that was bigger than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 175,000 advance. The jobless rate ticked up to 4.7 percent as the labor force grew, and wages rose 2.9 percent from December 2015.
Worker shortages may become more frequent in the coming year, which means employers could have to give out bigger wage hikes even as hiring cools. The data underscore a job market that will continue to buoy consumer spending in 2017, with Federal Reserve officials deeming the situation at or close to full employment.
“It puts 2016 as a pretty solid year for employment,” Tom Simons, an economist at Jefferies LLC in New York, said before the report. “The overall dynamics in the labor market are still improving. We’re going to continue to see upward momentum in wages this year.”

The awful economy President Obama inherited is recovering, it seems. Plenty of problems still need to be addressed, but the downturn triggered by shortsighted Bush policies are being reversed. Let's hope President-elect Trump can continue the positive momentum established by President Obama. I read that job creation/employment has been positive for the last 75 months. I suspect most posters here hope the USA continues to make economic progress. We survived a near-disaster in 2008-2009. It's been a slow, but steady climb from that hole.

[Sistine Chapel]

These retards not trying to hear this. Its true Obama inherited a global economic crisis of Epic Proportions due solely to republican incompetence. and look where we are now. This drives Republicans mad because its an UNDENIABLE FACT this country is better off than it was 8 yrs ago under Republican leadership. They can't rewrite history as much as they try. I'm glad Obama is finishing on such a high note. I want there to be a clear line in the sand once Trump takes office.

[Mr MojoRisin]

Originally Posted by Muy Largo

According to Bloomberg ---

The U.S. labor market turned in a solid performance at the end of 2016, sending job gains above 2 million for a sixth year as paychecks rose by the most during the current expansion.
The 156,000 increase in December payrolls followed a 204,000 rise in November that was bigger than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 175,000 advance. The jobless rate ticked up to 4.7 percent as the labor force grew, and wages rose 2.9 percent from December 2015.
Worker shortages may become more frequent in the coming year, which means employers could have to give out bigger wage hikes even as hiring cools. The data underscore a job market that will continue to buoy consumer spending in 2017, with Federal Reserve officials deeming the situation at or close to full employment.
“It puts 2016 as a pretty solid year for employment,” Tom Simons, an economist at Jefferies LLC in New York, said before the report. “The overall dynamics in the labor market are still improving. We’re going to continue to see upward momentum in wages this year.”

The awful economy President Obama inherited is recovering, it seems. Plenty of problems still need to be addressed, but the downturn triggered by shortsighted Bush policies are being reversed. Let's hope President-elect Trump can continue the positive momentum established by President Obama. I read that job creation/employment has been positive for the last 75 months. I suspect most posters here hope the USA continues to make economic progress. We survived a near-disaster in 2008-2009. It's been a slow, but steady climb from that hole.

The economy really isn't improving under Obama. It's more of a stagnation than anything. This guy is out the door in a few weeks and all his bullshit goes with him never to be seen or heard from again.

Jim


https://www.washingtonpost.com/opini...=.84cdd67c71fb

[bambino]

Originally Posted by Mr MojoRisin

The economy really isn't improving under Obama. It's more of a stagnation than anything. This guy is out the door in a few weeks and all his bullshit goes with him never to be seen or heard from again.

Jim


http://www.cnsnews.com/commentary/daniel-mitchell/

Your avatar says it all. Lowest GDP in history.

[Mr MojoRisin]

Originally Posted by bambino

Your avatar says it all. Lowest GDP in history.

I think the best he ever got was a 2.5% GDP, big woop.


Jim

[Ex-CEO]

Try rebutting this:

http://www.zerohedge.com/news/2017-0...-recovery-ever

Good luck!

[SaltyDog71]

Try telling anyone in the oil field how well the economy is doing.

[I B Hankering]

Originally Posted by Muy Largo

According to Bloomberg ---

The U.S. labor market turned in a solid performance at the end of 2016, sending job gains above 2 million for a sixth year as paychecks rose by the most during the current expansion.
The 156,000 increase in December payrolls followed a 204,000 rise in November that was bigger than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 175,000 advance. The jobless rate ticked up to 4.7 percent as the labor force grew, and wages rose 2.9 percent from December 2015.
Worker shortages may become more frequent in the coming year, which means employers could have to give out bigger wage hikes even as hiring cools. The data underscore a job market that will continue to buoy consumer spending in 2017, with Federal Reserve officials deeming the situation at or close to full employment.
“It puts 2016 as a pretty solid year for employment,” Tom Simons, an economist at Jefferies LLC in New York, said before the report. “The overall dynamics in the labor market are still improving. We’re going to continue to see upward momentum in wages this year.”

The awful economy President Obama inherited is recovering, it seems. Plenty of problems still need to be addressed, but the downturn triggered by shortsighted Bush policies are being reversed. Let's hope President-elect Trump can continue the positive momentum established by President Obama. I read that job creation/employment has been positive for the last 75 months. I suspect most posters here hope the USA continues to make economic progress. We survived a near-disaster in 2008-2009. It's been a slow, but steady climb from that hole.

According to historical fact, it was Slick Willie the Perjuring Sexual Predator who, with his signature, repealed Glass-Steagall which led to *near disaster* in 2008-2009, Muy Loco.

[gnadfly]

Originally Posted by Ex-CEO

Try rebutting this:

http://www.zerohedge.com/news/2017-0...-recovery-ever

Good luck!

This was during the smartphone and fracking/shale oil revolution too. As your article implies, the main driver of this recovery has been the Fed pumping 10 Trillion dollars of free money into it.

The main challenge of the Trump admin will be controlling the vig on the debt.

[Rey Lengua]

Originally Posted by gnadfly

This was during the smartphone and fracking/shale oil revolution too. As your article implies, the main driver of this recovery has been the Fed pumping 10 Trillion dollars of free money into it.

The main challenge of the Trump admin will be controlling the vig on the debt.

And OH ! How the truth hurts !!!!! Poor ole lyin liberals, still tryin to get away with the " It depends on what the definition of "is" is !!!! and lying to the public like they did about odummer care. But then, WE get to see a GRUBERITE post and defend their hero !!!!
Even tho there are fewer " candidates " for DOTY " , it seems to me that the candidates are fighting HARDER for their privileged crown !

[slim deez]

Originally Posted by Muy Largo

According to Bloomberg ---

The U.S. labor market turned in a solid performance at the end of 2016, sending job gains above 2 million for a sixth year as paychecks rose by the most during the current expansion.
The 156,000 increase in December payrolls followed a 204,000 rise in November that was bigger than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 175,000 advance. The jobless rate ticked up to 4.7 percent as the labor force grew, and wages rose 2.9 percent from December 2015.
Worker shortages may become more frequent in the coming year, which means employers could have to give out bigger wage hikes even as hiring cools. The data underscore a job market that will continue to buoy consumer spending in 2017, with Federal Reserve officials deeming the situation at or close to full employment.
“It puts 2016 as a pretty solid year for employment,” Tom Simons, an economist at Jefferies LLC in New York, said before the report. “The overall dynamics in the labor market are still improving. We’re going to continue to see upward momentum in wages this year.”

The awful economy President Obama inherited is recovering, it seems. Plenty of problems still need to be addressed, but the downturn triggered by shortsighted Bush policies are being reversed. Let's hope President-elect Trump can continue the positive momentum established by President Obama. I read that job creation/employment has been positive for the last 75 months. I suspect most posters here hope the USA continues to make economic progress. We survived a near-disaster in 2008-2009. It's been a slow, but steady climb from that hole.

Originally Posted by Sistine Chapel

These retards not trying to hear this. Its true Obama inherited a global economic crisis of Epic Proportions due solely to republican incompetence. and look where we are now. This drives Republicans mad because its an UNDENIABLE FACT this country is better off than it was 8 yrs ago under Republican leadership. They can't rewrite history as much as they try. I'm glad Obama is finishing on such a high note. I want there to be a clear line in the sand once Trump takes office.

The Bush economy was doing fine until the Democrats took control of Congress in January 2007. President Obama inherited a Deficit that he himself voted for when he was in Congress, lol. Then Obama quadrupled that Deficit as soon as he took office in 2009. I'd say 20 trillion in Debt is ending on a HIGH ALRIGHT, and a 20,000 DOW to reflect it. Obama had no choice though but to spend the 10 trillion to cover up his Liberal policies.

[Rey Lengua]

Originally Posted by Sistine Chapel

These retards not trying to hear this. Its true Obama inherited a global economic crisis of Epic Proportions due solely to republican incompetence. and look where we are now. This drives Republicans mad because its an UNDENIABLE FACT this country is better off than it was 8 yrs ago under Republican leadership. They can't rewrite history as much as they try. I'm glad Obama is finishing on such a high note. I want there to be a clear line in the sand once Trump takes office.

How 'bout those " shovel ready jobs " fisting chapped ass ? And how many solar panels did Solyndra finally make BEFORE they went bankrupt ? " You can keep your Doctor / healthcare plan " , " Not a SMIDGEN of corruption with the I.R. S. " !!! " shrilLIARy is the MOST qualified candidate for President EVER (so, more so then HIM ? !! ) . How dat be, " homie " ? !!!!!

[lustylad]

Originally Posted by Sistine Chapel

These retards not trying to hear this...They can't rewrite history as much as they try. I'm glad Obama is finishing on such a high note...

Look, Sissy Chap! Look at the pretty graph! All those pretty colors, too! Almost as colorful as your rainbow thong!

Which of the 11 economic recovery lines looks lamest to you?

(Hint: "Lamest" = flattest.)

[JD Barleycorn]

Originally Posted by gnadfly

This was during the smartphone and fracking/shale oil revolution too. As your article implies, the main driver of this recovery has been the Fed pumping 10 Trillion dollars of free money into it.

The main challenge of the Trump admin will be controlling the vig on the debt.

Quantitative Easing (QE)= the transfer of taxpayer dollars to the very rich on Wall Street in order to promote the appearance of a robust stock market. Someone is going to have to pull out the rug and when that happens there will be a huge adjustment that you know the democrats will blame on the president.

[LexusLover]

Historically when these glowing reports emerge and the headlines grab the McDonald-Mentality of the Liberals and their "loyal" entitlement voters it takes a month or so to "revisit" the FACTS and "adjust" the "good news" back to reality ....

... increasing part-time jobs is NOT "good news"!

What employers have done is reduce employee hours to 30 at least to maintain health coverage for the employee, and then some employers have abandoned that tactic and they have reduced hours to 20, requiring the employee to find other employment and when the employee gets that second part-time job to pay the bills then the BLS counts that as an "added" job in the tally.

Clinton cooked the labor stat books. Obaminable is also.

The folks who voted for Trump to Win know better!