Unemployment rate matches lowest point in half a century

[HitRed]

Impressive by any metric. Even with all the computers and machines replacing workers we still got to 3.8%. I know we're considered lazy fat couch slobs but we know how to put coasters on the bottom and hall @ss.

HitRed

[mrswdk]

But employment is only 60-61%, lower than most advanced economies.

That means roughly 35% of America's working age adults are economically inactive, because of all the lazy fat couch slobs.

[Bernie Sanders]

Impressive by any metric. Even with all the computers and machines replacing workers we still got to 3.8%. I know we're considered lazy fat couch slobs but we know how to put coasters on the bottom and hall @ss.

HitRed

Meanwhile the deficit will explode out of control due to unneeded tax cuts that only enriches the already fat cats.

The next recession will be worse than our previous one. Thank you Trump and the Trump Party.

[Symmetry]

Wasn't it at the same point in 2000? I see people are spinning it as once every fifty years thing too, to be fair.

[Bernie Sanders]

Wasn't it at the same point in 2000? I see people are spinning it as once every fifty years thing too, to be fair.

and 1980

Reagan, W Bush and now Trump.

Cutting taxes does not reduce the deficit. H W Bush called it Voodoo Economics

voo·doo ec·o·nom·ics
nounUSinformal
an economic policy perceived as being unrealistic and ill-advised, especially a policy of maintaining or increasing levels of public spending while reducing taxation.
"as governor, he put into practice the same voodoo economics that he would later impose on the country as president"

[riskllama]

surely one has to wonder about the quality(ft/pt? wage? benefits?) of all these jobs being created, no?

[mrswdk]

Employment rate by country:

Sweden - 76%
UK - 76%
New Zealand - 76%
China - 75%
Germany - 75%
Japan - 74%
Canada - 73%
Russia - 70%
Lithuania - 69%
America - 69%

https://en.wikipedia.org/wiki/List_of_c ... yment_rate

[Bernie Sanders]

Employment rate by country:

Sweden - 76%
UK - 76%
New Zealand - 76%
China - 75%
Germany - 75%
Japan - 74%
Canada - 73%
Russia - 70%
Lithuania - 69%
America - 69%

https://en.wikipedia.org/wiki/List_of_c ... yment_rate

Outside of China, Russia and Trump America......Democratic Socialism wins!

[mrswdk]

China has socialism with Chinese characteristics.

[Bernie Sanders]

China has socialism with Chinese characteristics.

Deng was the last reformer that today's China had.

[mrswdk]

So what you are saying is, you think China is flourishing under free market capitalism?

[mookiemcgee]

Impressive by any metric. Even with all the computers and machines replacing workers we still got to 3.8%. I know we're considered lazy fat couch slobs but we know how to put coasters on the bottom and hall @ss.

HitRed

Thanks Obama!

[notyou2]

Impressive by any metric. Even with all the computers and machines replacing workers we still got to 3.8%. I know we're considered lazy fat couch slobs but we know how to put coasters on the bottom and hall @ss.

HitRed

Thanks Obama!

And Slick Willy too.

[2dimes]

What's hall @ss?

[Bernie Sanders]

Impressive by any metric. Even with all the computers and machines replacing workers we still got to 3.8%. I know we're considered lazy fat couch slobs but we know how to put coasters on the bottom and hall @ss.

HitRed

Thanks Obama!

And Slick Willy too.

...and Kennedy.....and FDR

[thegreekdog]

https://www.nytimes.com/2017/01/17/upsh ... think.html

[mrswdk]

the White House has no control over the demographic and technological forces that influence the economy.

Well they don't have total control, but they obviously have some control. The Prez can open/close the borders, a lot of tech innovation in the States has actually been stimulated by spillover from military and CIA R&D programs, etc. The White House/Congress/Government/whatever can influence both of those.

Although obviously no one, even the President, is bigger than the system, as seen by Obama's pathetic attempts to introduce stricter gun controls.

[notyou2]

Presidents have the power to increase their bank account balance while they are in power.