quote:

"Employment growth has averaged 174,000 per month thus far this year, compared with an average monthly gain of 187,000 in 2016," the agency's acting Commissioner William J. Wiatrowski said of the report.

quote:

N.Y. Fed raises U.S. fourth-quarter GDP growth view to near 4 percent

NEW YORK (Reuters) - The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the fourth quarter of 2017 closer to 4 percent, based on revisions of prior data that suggested stronger economic activities.

quote:

ORIGINAL: BoscoX

We never saw 3% growth under Obama, though we did hear plenty, "Get used to a bad economy folks" and "Trump ain't gonna make nuthin' happen either!"

quote:

ORIGINAL: servantforuse

Not a big deal. The DOW is up over 6000 pts. since the election.

quote:

ORIGINAL: servantforuse

Maybe you should invest in US stocks then ?

quote:

ORIGINAL: JVoV

quote:

ORIGINAL: LTE

quote:

ORIGINAL: JVoV

Our economy seems to be doing quite well. Of course, we're still running off of budgets passed during Obama's administration.

I don't feel certain about our current economy. I don't know that it's sustainable.

Locally, I worry that displaced Puerto Ricans will be competing for available jobs throughout Florida, particularly seasonal jobs that many locals rely on, such as in the citrus industry, retail, etc. 215,000 Puerto Rican residents have temporarily relocated to Florida since Irma devestated the island in October.

You believe the Obama budget is responsible for the economy boost as well as the stock markets incredible rise as the Trump victory was announced.

Hillary is up by 32 points.

I think many indicators point to the economy growing steadily throughout Obama's presidency. I don't think I'm taking anything away from Trump by telling the truth regarding which President signed our current budget.

Consumer confidence is even higher under Trump than it was when Obama left office. But i'm still not convinced that it's sustainable or real, as in based on anything more than feeling, although I suppose that's exactly what consumer confidence is measuring.

quote:

ORIGINAL: JVoV

Of course, now that I click the original link in the OP, it's a Google search, and not an actual video we're being directed to.

What Obama said was that some specific jobs would not be coming back. Assembly lines have been heavily automated in the manufacturing industry, so the jobs available going forward will not be what was once available. The training required for those jobs would also be much different.

None of that is untrue.

Meaning the thread is based on useless and partisan clickbait.

quote:

ORIGINAL: Lucylastic

U.S. Trade Deficit Is Widest Since January

https://www.bloomberg.com/news/articles/2017-12-05/u-s-trade-deficit-is-widest-since-january-on-record-imports

The U.S. trade deficit widened in October to a nine-month high on record imports that reflect steady domestic demand, Commerce Department data showed Tuesday.

HIGHLIGHTS OF TRADE BALANCE (OCTOBER)
Gap increased 8.6% to $48.7b (est. $47.5b) from revised $44.9b in prior month that was wider than previously reported
Imports climbed 1.6% to $244.6b, boosted by mobile phones, apparel, household goods and service-related purchases
Exports were unchanged at $195.9b as more shipments of petroleum were offset by declines of capital equipment, consumer goods
Key Takeaways
The surge in imports probably reflected merchants preparing for the holiday-shopping season. Consumer goods imports increased almost $800 million, including a $303 million gain in cell phones and other household goods, as well as more inbound shipments of furniture, appliances, toys and clothing.

The shortfall in goods and services trade, if sustained, may weigh on economic growth in the fourth quarter after net exports added 0.43 percentage point to gross domestic product in the previous three-month period.

Steady consumer spending and a pickup in business investment will continue to drive demand for imports. At the same time, sales of American-made merchandise could improve as economies in the rest of the world advance.

The latest report also showed record imports from China led to a wider trade gap. Shipments from Mexico were also the highest ever, causing the U.S. gap with that country to expand in October.

quote:

ORIGINAL: MercTech

Record lows in manufacturing jobs in the U.S. just continues a trend started in the 1970s.

Made to standards different than the ISO standards used by most of the world.
Uses fasteners not readily available outside of the U.S. and Canada
Have to be modified to meet safety specs.
Needs different common hand tools than most of the world uses.

Frankly, it is hard to give away U.S. manufactured goods in most of the world these days.

quote:

ORIGINAL: BoscoX

With Obama, the "experts" were always revising the reports down

They reported good news for jobs and growth up front, then quietly report the truth later

With this president, the exact opposite is true: First they claim things are so-so, then quietly report that the economy is literally booming at a later date

quote:

N.Y. Fed raises U.S. fourth-quarter GDP growth view to near 4 percent

NEW YORK (Reuters) - The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the fourth quarter of 2017 closer to 4 percent, based on revisions of prior data that suggested stronger economic activities.

We never saw 3% growth under Obama, though we did hear plenty, "Get used to a bad economy folks" and "Trump ain't gonna make nuthin' happen either!"

quote:

ORIGINAL: BoscoX

With Obama, the "experts" were always revising the reports down

They reported good news for jobs and growth up front, then quietly report the truth later

With this president, the exact opposite is true: First they claim things are so-so, then quietly report that the economy is literally booming at a later date

quote:

N.Y. Fed raises U.S. fourth-quarter GDP growth view to near 4 percent

NEW YORK (Reuters) - The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the fourth quarter of 2017 closer to 4 percent, based on revisions of prior data that suggested stronger economic activities.

We never saw 3% growth under Obama, though we did hear plenty, "Get used to a bad economy folks" and "Trump ain't gonna make nuthin' happen either!"

quote:

ORIGINAL: MasterDrakk
even a socialist from kenya can do that (and has)...

quote:

Here is the complete list of average annual real GDP growth by postwar president (in descending order):

Johnson (1964-68), 5.3%
Kennedy (1961-63), 4.3%
Clinton (1993-2000), 3.9%
Reagan (1981-88), 3.5%
Carter (1977-80), 3.3%
Eisenhower (1953-60), 3.0%
(Post-WWII average: 2.9%)
Nixon (1969-74), 2.8%
Ford (1975-76), 2.6%
G. H. W. Bush (1989-92), 2.3%
G. W. Bush (2001-08), 2.1%
Truman (1946-52), 1.7%
Obama (2009-15), 1.5%

(According to the BEA, real GDP growth in 2016 has been 0.8 percent in the first quarter and 1.2 percent in the second quarter. Those figures, being from an incomplete year, are not included in President Obama’s tally. If economic growth does not improve over the rest of 2016, however, his overall tally would drop slightly.)...

Here is the complete list of the best year of real GDP growth under each postwar president (in descending order):...

Obama (2015), 2.6% [this number is the lowest]

quote:

2016Q4 4,726,386M.$ 0.4% 1.8%
2016Q3 4,682,283M.$ 0.7% 1.5%
2016Q2 4,609,125M.$ 0.6% 1.2%
2016Q1 4,570,400M.$ 0.1% 1.4%

2016 18,624,500M.$ 1.5%

quote:

ORIGINAL: bounty44

quote:

ORIGINAL: MasterDrakk
even a socialist from kenya can do that (and has)...

id ask for substantiation of your claim, but I might as well ask a monkey to type a coherent sentence. different name but still the same ineffectualness.

quote:

Here is the complete list of average annual real GDP growth by postwar president (in descending order):

Johnson (1964-68), 5.3%
Kennedy (1961-63), 4.3%
Clinton (1993-2000), 3.9%
Reagan (1981-88), 3.5%
Carter (1977-80), 3.3%
Eisenhower (1953-60), 3.0%
(Post-WWII average: 2.9%)
Nixon (1969-74), 2.8%
Ford (1975-76), 2.6%
G. H. W. Bush (1989-92), 2.3%
G. W. Bush (2001-08), 2.1%
Truman (1946-52), 1.7%
Obama (2009-15), 1.5%

(According to the BEA, real GDP growth in 2016 has been 0.8 percent in the first quarter and 1.2 percent in the second quarter. Those figures, being from an incomplete year, are not included in President Obama’s tally. If economic growth does not improve over the rest of 2016, however, his overall tally would drop slightly.)...

Here is the complete list of the best year of real GDP growth under each postwar president (in descending order):...

Obama (2015), 2.6% [this number is the lowest]

https://www.hudson.org/research/12714-economic-growth-by-president?ref=patrick.net

quote:

2016Q4 4,726,386M.$ 0.4% 1.8%
2016Q3 4,682,283M.$ 0.7% 1.5%
2016Q2 4,609,125M.$ 0.6% 1.2%
2016Q1 4,570,400M.$ 0.1% 1.4%

2016 18,624,500M.$ 1.5%

https://countryeconomy.com/gdp/usa?year=2016