US Economy outpacing the rest of the world

[planosteve]

"We're all gonna die" is political rhetoric?

That's good to know.

And hopefully not all at the same time.

[Red Oak]

We all know that anyone can find figures on the Internet to back one side or the other of discussions. The difference is that LL and I go for the positive numbers while you and GM go for the negative.

So less discuss the info presented in the link, which I'm rewriting while being factual with numbers/time frames...and asking 2 questions .

a) Approx 15 years since 5 consecutive months of plus 200,000 jobs.
b) Lowest unemployment rate since Sept 2008

1. What did Clinton do to kill job growth?
2. What did Bush do to kill employement participation?

1. Not much directly
2. Not much directly

To understand Job Growth numbers, you have to have a baseline or starting point.

Obama "Job Growth" numbers are built upon very large "Job Loss" numbers.

As an example if 100 % of people lose their Jobs in June and half of them go back to work in July, July has some really strong "Job Growth" numbers.

I believe employment rate of Adults under 65 is a better metric of employment than Job Growth figures, and it reflects population growth.

If the unemployment rate were calculated the way is was a few years back it would be over 12% or greater.

[Bob Of Burleson]

Here's a story that explains what Red Oak is saying:

In US Data, a Baffling Contradiction

[Red Oak]

Nothing baffling about it, IMO.

[Mark]

...the U.S. job market is humming, and the pace of economic growth is steadily rising. Five full years after a devastating recession officially ended, the economy is finally showing the vigor that Americans have long awaited...

In what alternate universe do these people live?

[planosteve]

We'll find out the 2nd quarter at the end of July. If it's negative GDP again, then we're officially back in the recession.

[GFB]

We'll find out the 2nd quarter at the end of July. If it's negative GDP again, then we're officially back in the recession.

Don't hold your conspiratorial breath.

Things ARE improving.

[planosteve]

We'll find out the 2nd quarter at the end of July. If it's negative GDP again, then we're officially back in the recession.

Don't hold your conspiratorial breath.

Things ARE improving.

You mean there's "green shoots" again?

[GFB]

We'll find out the 2nd quarter at the end of July. If it's negative GDP again, then we're officially back in the recession.

Don't hold your conspiratorial breath.

Things ARE improving.

You mean there's "green shoots" again?

I have no idea what that is.

[planosteve]

Things ARE improving.
You mean there's "green shoots" again?

I have no idea what that is.

http://en.wikipedia.org/wiki/Green_shoots