The U.S. economy added 178,000 jobs in November, the Labor Department reported Friday, and the unemployment rate fell sharply to 4.6% from 4.9% in October.
It's the lowest rate since August 2007.
Unemployment has been at or below 5% for nearly a year as more people have returned to the job market and hiring has maintained momentum.
November was the 74th consecutive month America added jobs.
"The positive momentum we've seen in the labor market is continuing as 2016 comes to a close," says Sam Bullard, senior economist at Wells Fargo.
Even IF Donald Trump were not a fucking train wreck, which we know he is, the Republicans are histrionically bad at dealing with the economy and driving down unemployment.
Any Trump voter who thought they were voting to bring more jobs back, must have been living in a cave for the last twenty or thirty years.
It should also be pointed out that the best job growth of all time was under President Bill Clinton, and we had the opportunity to put the person who was his co-president in the White House and failed to do so.
Just keep this in mind the first time some Republican starts bitching that jobs are disappearing under president Trump, and then tries to lay the blame at the feet of President Obama.
Well at least Trump isn't, you know, blah.
ReplyDeleteAmericans have just shown the world how exceptionally stupid they are.
going to miss President Obama for so many reasons
ReplyDelete---
OT
NEW RULE - only those who voted for trump should have to fight in all the wars he is going to start
trump already creating national security risks and national embarrassment - and STILL not taking security briefing so he has no interest in learning to do his job or to try and understand what is happening in the world
Donald Trump’s Phone Conversation With the Leader of Pakistan Was Reckless and Bizarre "The U.S. President-elect's ill-considered words could have serious regional and global consequences" http://time.com/4587069/donald-trump-pakistan-phone-call-nawaz-sharif/
TRUMP’S CONVERSATION WITH PAKISTAN’S PRIME MINISTER GETS POSTED ONLINE – AND HE SOUNDS LIKE A CHILD Except - The most disturbing line Trump said was when he, without approval from Congress or the American people, promised the Prime Minister of Pakistan that he would “personally” play “any role that you want me to play.” Let’s hope Sharif assumed Trump was being characteristically dishonest because that is a very dangerous promise to make and one with far-reaching implications for America’s various diplomatic relations throughout the region. http://www.ifyouonlynews.com/news/trumps-conversation-with-pakistans-prime-minister-gets-posted-online-and-he-sounds-like-a-child/
AND
Taiwan phone call
Trump’s Phone Is a National Security Threat
http://www.slate.com/blogs/the_slatest/2016/12/02/trump_takes_phone_call_from_taiwanese_president_seems_to_be_just_making.html?wpsrc=sh_all_dt_fb_top
Trump speaks with Taiwanese president, a major break with decades of U.S. policy on China
https://www.washingtonpost.com/world/national-security/trump-spoke-with-taiwanese-president-a-major-break-with-decades-of-us-policy-on-china/2016/12/02/b98d3a22-b8ca-11e6-959c-172c82123976_story.html?utm_term=.8777ae96f7b4
I agree that only those who voted for him should fight his wars. trump's jobs plan>> boot camp
Deletethey are going to remain unemployed anyway since he cannot force CEO's not to go overseas.
We've given up on the NY Times and now start the day with the Washington Post: a little better but not much. This morning there's a big story on why Trump has gotten much more attention for the scam at Carrier (my characterization, not the newspaper's) than President Obama has received for adding 16,000,000 new jobs during his two terms despite the obstruction he's endured from the GOP. We all know it's simply because over the past eight years the media (radio, television and written) has barely mentioned any good economic news, especially job increases. Yet when Trump pulls his scam in Indiana (at the state taxpayers' expense no less) he gets lots of attention and praise. I suspect that the US media has been waiting for a fascist state to salivate over for a long time. We may, God help us, finally have sunk that low. Next time Trump may get 97% of the vote like his pal Vladimir.
ReplyDeleteBeaglemom
Obama has outsmarted the Republican Party one final time. All of those ACA repeal bills that the House has passed since 2011 weren’t worth the paper that they were printed on. What Republicans will pass in January may be nothing more than another show vote.
ReplyDeleteThe GOP has found out that they can’t just get rid of Obamacare.
Even after he is no longer president, the legacy of Barack Obama will continue to defeat the Republican Party.
http://www.politicususa.com/2016/12/03/obama-outsmarts-republicans-gop-drops-promise-immediately-repeal-replace-aca.html
I was changing channels last night and on Fox they weren't covering the Trump/China debacle. They were talking how Obama and the Dems are going to act as if they have given Trump "a gift" with an improved economy. They were acting as though it was BS and were introducing two guests to talk about it, bu I had no interest in hearing Obama trashed and went on to my originally intended channel.
ReplyDeleteObama and the Democrats keep doing themselves in. This should have been shouted out every week before the campaign.
ReplyDeleteThey should have been spending as much time tell people all the good that has been done as the republicans spent lying.
"Just keep this in mind the first time some Republican starts bitching that jobs are disappearing under president Trump, and then tries to lay the blame at the feet of President Obama."
ReplyDeleteThey tried to blame BHO for every screwup George Bush did, and I agree, they will try to blame BHO for all of Trump's screwups.
I'm not sure why that brand of illogic works with conservative/Republican voters and supporters, but it does.