Another terrible jobs number

Liberals only pile on posters like you when you say stupid things. Your guy President Trump? Take it from me- as someone who has worked with over 10,000 executives and managers at this point, one of the most important aspects of being a top-level executive is knowing when to recommend a no-go decision. I have worked with multiple executives in the past who are smart and don't rush into decisions without thinking them out. This oil & gas executive saved his company millions- actually close to billions- in potential losses b/c he didn't rush through 2 key M&A decisions - we wrote it like this (I removed the numbers):

Served as a critical counterpoint to the ELT (that's Executive Leadership Team) that included fact-based reasons for 2 separate M&A initiatives. Influenced “no-go” decisions that protected the company from (costly, negative outcomes).

The problem with President Action Jackson Trump is that he's supposed to be a smart businessman, but he's not sometimes. He doesn't take the time to do his due diligence. As a result, he screws things up. Not all action is positive action.

So, I understand that you don't understand this, but hopefully you will now.

 

See, members of Trump's cabinet are learning from their president... making wild claims without any supporting evidence or proof.

Trump's budget director claims Obama was 'manipulating' jobs data

http://money.cnn.com/2017/03/12/news/economy/mick-mulvaney-obama-jobs-data/index.html

 

Based on the philosophy - Every Lie Trump Admin says someone else is doing . . . it means they are doing it or plan to do it. . . .

There is basically NO CHANCE they, the Trump Administation, won't be manipulating jobs data

Rocket River

 

FIRE GM!!! THE MOB DEMANDS ITS!!!

 

How does Bigtexxx have the gall to post in this thread after the utter beating he has taken the last 5 years in it. He looks like a damn fool and yet keeps repeating the same b.s. hoping someone (maybe himself) will believe it. What a useless endeavor.

BT (Bigotexxxx) - I think you should stop wasting your mind - it's a terrible thing to do ya know?

 

Thanks... er, Obama?! I guess its a sympathy news announcement, given the way the first two months have been going.

Trump touts Charter hiring that was in works for two years

http://www.reuters.com/article/us-usa-trump-charter-commns-idUSKBN16V22I?il=0

 

In March, nonfarm payrolls grew by 98,000, well below the 180,000 that was expected by economists and down from February’s revised job gains of 219,000.

Only his third month, and already losing!!! BWAHAHAHA!!!!!

(of course, most of you intelligent posters on both sides know I am kidding b/c it's too soon to tell what impact Trump will have...but this is the type of utter nonsense we've been dealing with from BigTexxx for years, and we've tried explaining to him how wrong he is, only to have him come up with his utter BS responses. Next time, maybe you'll listen to the people who study this for a living, tool).

 

WH spokesman blames the cold weather. lame excuse,

as the economists' estimates have already factored in the seasonality / weather considerations.​

instead, he should have addressed the silver lining, which is that

the average hourly wage is rising above $26, continuing the upward trend that was started
some 5-6 yrs ago under Obama's watch​

 

Donald Trump Still Doesn’t Understand the Unemployment Rate

http://finance.yahoo.com/news/donald-trump-still-doesn-t-221000635.html

 

@bigtexxx your thread title is finally meaningful. Kudos.

 

Now the job numbers are fake again right? Or this is somehow tied back to Obama right?

As soon as those Coal mines come back though that's when golden age of jobs and growth will start back up again.

To be fair to Trump though I always said lets not judge until the end of Q2 where we can start seeing more trends, and changes that aren't just outliers.

 

I don't know who's fault it will be. In 4 years or less you will have another huge recession though. At that point it 10 years give or take since the last one.

 

You cannot use one data point to form anything, but that's what the conservatives loves to do, that's why I am do not respect them, biggest bunch of hypocrites.

 

Must be good for Trump to enjoy the fruits of the past Administrations.

Trump takes credit for everything even though the only thing he has accomplished to date is order the military to bomb an airfield in syria

 

WOW and Jan/Feb revisions down??

Ok I'm just trolling...but what do we think was behind the large miss? We are still adding jobs which is good, but I imagine we are some what peaking after such a long period of growth.

 

Likely weather related and statistical variation.

 

$26? could that number rising mean companies are firing more low skilled employees?

 

Retail and strip mall blight.

 

Looking forward to the next jobs report, texx?

Concerns over Trump dent global stocks, dollar
By Vikram Subhedar | LONDON

Concern that U.S. President Donald Trump's reform agenda could be slowed down, and that Trump himself could even face the threat of impeachment, added to disappointing U.S. economic data on Wednesday to hit the dollar and spur a pullback in richly valued stocks.

Reports that Trump asked then-FBI Director James Comey to end a probe into his former national security adviser have raised questions over whether obstruction of justice charges could be laid against the president.

This follows a week of turmoil at the White House after Trump fired Comey and then discussed sensitive national security information about Islamic State with Russian Foreign Minister Sergei Lavrov.

So far, broadly upbeat global growth has underpinned risky assets and supported the multi-year lows in measures of market volatility.

But the retreat in the dollar .DXY, which has now given up all the gains it made following Trump's presidential election win in November, and a pull-back from record highs for world stocks underscores investor unease about this week's headlines.

"The Trump issue seems to come in waves, and now we have another wave," said Hans Peterson, global head of asset allocation, at SEB Investments.

"I have been asked if he is going to be impeached. I think that is the type of discussion some (investors) are having," Peterson said, pointing out that institutional clients are turning cautious.

Traders work in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, May 8, 2017. REUTERS/Pawel Kopczynski
U.S. stock futures ESc1 were off 0.5 percent, though they were still close to record highs.

"It is the ambitiously valued US equity market which needs watching in respect of the long-term risk outlook," strategists at Morgan Stanley wrote in a note to clients.

At nearly 18 times forward earnings, the S&P 500 .SPX trades at a significant premium to its long-term average valuations of 15 times, according to Thomson Reuters data.

More attractively valued European stocks slipped slightly, although the region's brighter economic outlook and better-than-expected corporate profits continue to draw investors.

Upbeat growth prospects and signs of stronger regional integration also spurred flows into regional bond markets, narrowing the gap between U.S. and German government borrowing costs to its tightest level in over six months.

This has started to partly reverse a trend that began during the euro zone debt crisis of 2011/2012, where the single currency bloc and the United States' economic paths appeared to diverge.

This reversal was also evident in currency markets, with the euro EUR= climbing to its highest since Nov. 7 - just before the U.S. presidential election - against the dollar.

Recent U.S. data, which includes softer-than-expected retail sales and inflation, has raised concern about the strength of consumer sentiment.

"The political morass that has engulfed the Trump Administration is a major distraction", said BBH currency strategists in a note to clients, adding that investors were already concerned about the momentum of the U.S. economy.

Meanwhile, the euro zone economy started the year with robust growth that outstripped that of the United States and set the stage for a strong 2017.

"At the moment everyone is focusing on the political relief in Europe and the political unrest in the U.S.," ING's senior rates strategist Martin van Vliet said.

In commodity markets, safe-haven gold XAU= hit a two-week high, climbing 0.6 percent to $1,243.31. The precious metal has risen for five straight days.

Data showing an increase in U.S. crude investors hit oil prices as concerns about oversupply despite efforts by top producers Saudi Arabia and Russia to extend output cuts once again weighed.

Brent crude LCOc1 fell 0.3 percent to $51.53 a barrel while U.S. West Texas Intermediate (WTI) crude CLc1 slipped 0.6 percent.

 

U.S. employers added 138,000 jobs in May; That was down a bit from April and was modestly below economists’ expectations.

But taken on its own, May’s job growth wasn’t bad: It represented the 80th straight month of gains---76 mos under Obama, 4 under Trump---the longest such streak on record.

The economy has added more than 16 million jobs since the labor market bottomed out in early 2010;
15.5 M under Obama, 0.5 M under Trump​