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2019-12-06 Economy
158,593,000 Employed in November: 24th Record Breaker for Trump
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Posted by Frank G 2019-12-06 09:01|| || Front Page|| [11137 views ]  Top

#1 You know, it helps to have someone in the position who actually understands economics first hand (as oppose to, say, Marxist theory).
Posted by Procopius2k 2019-12-06 09:19||   2019-12-06 09:19|| Front Page Top

#2 Impeach the Bureau of Labor Statistics!
Posted by Matt 2019-12-06 09:36||   2019-12-06 09:36|| Front Page Top

#3 And according to the MSM, Trump is going to rip food stamps away from 700,000 poor, deserving souls. Looks like they'll only have about three months to find work.
Posted by gorb 2019-12-06 10:18||   2019-12-06 10:18|| Front Page Top

#4 one disagreement w report

"...The labor force participation rate has never been higher than 67.3 percent, a level achieved in the early months of 2000. The Trump-era high was set last month at 63.3 percent. Economists say retiring baby boomers account for some of the decline since the turn of the century...."

A lot of people think the reason for the decline in the labor force participation rate from 2000 is because the Obama regime loosed the disability rules (intentionally to make the Unemployment rate better). Once people start getting disability, it takes a lot for them to leave that money stream behind and go back to work. This makes the current situation more remarkably in that while about 9 million people are on SS disability (and receive an average of over $1k per month), the rate of application has decrease substantially during the Trump admin. It peaked at about 2M during 2010 and is now about 1.5M. In fact, the total number of people on disability has actually decreased during the Trump admin despite the aging population.
Posted by lord garth 2019-12-06 11:00||   2019-12-06 11:00|| Front Page Top

#5 the total number of people on disability has actually decreased during the Trump admin despite the aging population.

They went on disability because they couldn’t find work, in many cases. Now they’ve reached age 62, when they can get Social Security pension instead — more money and no questions makes that very attractive.
Posted by trailing wife 2019-12-06 11:15||   2019-12-06 11:15|| Front Page Top

#6 TW,

good point

although most conversions from SS Disability to SS regular are at 65 and older, in fact for those born in 1960, say, it is at age 67
Posted by lord garth 2019-12-06 11:48||   2019-12-06 11:48|| Front Page Top

#7 Demoncrats hardest hit
Posted by DarthVader 2019-12-06 12:18||   2019-12-06 12:18|| Front Page Top

#8 That would be 266,000 people buying things and paying sales taxes they might not have been able to do before. Possibly even paying some income taxes as well. All around, good news.

Hat tip to the Orange Man and his able cohorts.

Posted by Besoeker 2019-12-06 12:21||   2019-12-06 12:21|| Front Page Top

#9 Game over.
Posted by Lex 2019-12-06 13:02||   2019-12-06 13:02|| Front Page Top

#10 Trump triumph continues: Stunning jobs report for November as previous two months' job totals revised upward
Posted by Frank G 2019-12-06 13:13||   2019-12-06 13:13|| Front Page Top

#11 MSM: Trump regime personally ended the staycations of 266000 Americans by forcing them to work, a reversal of 0bama (tingle down my leg) utopia
Posted by Bright Pebbles 2019-12-06 14:38||   2019-12-06 14:38|| Front Page Top

#12 although most conversions from SS Disability to SS regular are at 65 and older,

Final daughter’s father just turned 62, and is very pleased that even at the reduced rate he gets at that age instead of waiting, he gets more income and better health care than he did on disability.
Posted by trailing wife 2019-12-06 23:56||   2019-12-06 23:56|| Front Page Top

23:56 trailing wife
23:54 SteveS
23:33 trailing wife
23:30 trailing wife
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21:46 Spanky Whuter1088
21:43 Whiskey Mike
21:09 Cesare
20:43 Lex
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19:36 b
19:33 SteveS
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19:26 swksvolFF
19:20 James
19:12 Frank G
19:02 Grunter
19:00 James
18:43 Lex
18:30 Frank G
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18:28 Frank G
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