Job growth slows to a six-year low in Trumps first year

[workinclasszero]

Job growth slows to a six-year low in Trump’s first year
01/05/18 08:43 AM—UPDATED 01/05/18 09:06 AM
By Steve Benen The Rachel Maddow Show / The MaddowBlog

Those hoping to see the U.S. job market end 2017 on an encouraging note are going to be disappointed.

The Bureau of Labor Statistics reported today that the economy added 148,000 jobs in December, which is down a fair amount from the previous two months, and falls short of expectations. That said, the unemployment rate held steady at 4.1%, which is very low.

The revisions from the previous two months were mixed, with October’s totals revised down and November’s totals revised up. Combined, they pointed to a net loss of 9,000 jobs, which adds to the discouraging nature of today’s report.

Providing some additional context, now that we have data for all of the previous calendar year, we can note that the U.S. added 1.84 million jobs in 2011, 2.19 million jobs in 2012, 2.33 million in 2013, 3.11 million in 2014, 2.74 million in 2015, 2.24 million in 2016, and 2.05 million in 2017.

http://www.msnbc.com/rachel-maddow-show/job-growth-slows-six-year-low-trumps-first-year

[Beartracks]

1. Someone should tell Rush Limbaugh. He seems to think the opposite. n/t

[workinclasszero]

3. His brain is assaulted by Oxycontin addiction

24/7.

Just sayin.

[yallerdawg]

2. Normally, these things would negatively impact the stock market.

Yet it still continues to rise with a kind of irrational exuberance.

Wary pundits are forecasting a 10-15% correction, and then the shit really hits the fan!

[workinclasszero]

5. Happens every time republicans are in control

Loot the treasury for the 1%, inflate bubbles on wall street, pop the bubbles and grab the gems lying in the rubble while 99% of America gets it in the shorts.

A Bush style Great Recession or worse is well on the way, I have no doubt.

[panader0]

8. 80% of the stocks are owned by the top 10%.

What happens on Wall Street impacts the rich mostly.
Over 50% of Americans own no stock at all.
I too think an adjustment is coming--more than the 10-15% you cited.
And yes, the shit will hit the fan.

[uponit7771]

11. Then crashes fast

[kimbutgar]

4. All those retail store closings are going to raise unemployment numbers

And they are happening in his second year.

[SFnomad]

9. The BLS numbers will immediately become "fake news" again n/t

[WyattKansas]

6. Overestimate adjustment for previous months growth and recent tax cuts for...

Corporations and wealthy to siphon away future investments to hedge funds.

If nobody will stop you, then why worry about it???

Shit is really going to hit the fan in the coming months, because they have already burned through what Obama corrected from Bush.

[workinclasszero]

7. Remember when the US auto industry was ready to go belly up

in Bush's Great Recession and the republicans where salivating over the prospect?

Obama saved them and the republican right were pissed.

They will bury them in the coming Trump Recession/Depression and democrats may not be able to save them this time.

[WyattKansas]

13. Obama pulled out a miracle and...

He could only put the country on a path to recovery that would take years. Trump and republicans have now completely reversed what Obama prevented from happening to everyone and now we are going back into another crash that will be a devastating meltdown of everything, except for the wealthy elite and their lackeys. The reason everyone blamed Obama was because they didn't realize he was still correcting the damage from Bush, but Obama really did perform a miracle for everyone by saving them. There will be nothing left for any Democratic President to try to reverse in order to save it next time. We are at End Game and the Robber Barons are soaking wet with fantasies of an Atlas Shrugged reality for America.

[Gothmog]

10. Trump is ruining the Obama economy

[workinclasszero]

12. Just like Bush

ruined Bill Clinton's economy.

The American voter has a short memory dammit.