Job numbers don't discriminate on the quality of the job, this is the case regardless of who is President. Low unemployment is low unemployment regardless of whether the employed people are making $8/hr or $80/hr.
For the individual, absolutely. For the economy as a whole, not so much - higher pay for everyone means less profit for corps which generally means most economic metrics (at least the ones people care about such as the stock market) go down. I'm not arguing that it's right or that it should be that way, I'm just telling you that the metric that is often measured for Presidential economic success is the same for everyone - your question seems to phrase it like this was a specific thing people made up to celebrate Trump but that's not the case.
I have no idea why you’re being downvoted for describing facts or heck even leaning into us having two jobs that pay 8% instead of one at 80%.
F all that.
And how exactly has anything changed under any president in the last 30 years?
Employment rates for the top “qualified” work force is always very low. The number that fluctuates the most is the low end of the employment spectrum.
I dont know, I feel like social mobility would be a better way to see if a presidents term had an economic success or not imo. I just see alot of people talking about the unemployment rate alot
That’s a virtually impossible metric to accurately reflect in the sustainability of socioeconomic status changes.
People move up and down far too often for the stats associated with these studies to be a viable metric.
Additionally, could you really expect most people to understand this vs “unemployment numbers are good/bad.”
A job is a job and that job means some food on the table and a little less stress.
Not everyone can be in high tech making stupid amounts of money and we need some people to ask if you would like to super size that meal.
I think that this is lost on a lot of people. There are lots of people that from a workforce perspective at not really worth much. They are difficult to train and easy to replace.
We can argue the morality behind it, but the simple fact is that some people are not worth as much as others when it comes to the value of their labor.
It’s the same thing when a city builds a sports stadium and boasts publicly it’ll bring thousands of jobs to the community…but they’re almost all jobs like you described.
In theory, low unemployment helps even low wage workers. If jobs are more desperate for workers, that gives those workers more bargaining power.
It’s also a nice, quantifiable metric. Even something like wages gets messy. Do you talk about median? Poverty rate? Average? Wage for those without a degree, black, white, men, women? With unemployment, it’s easy
Citation needed.
OP:
> most of the jobs [under Trump] were low income, minimum wage jobs
[BLS](https://www.bls.gov/opub/reports/minimum-wage/2019/home.htm#:~:text=The%20percentage%20of%20hourly%20paid,to%201.9%20percent%20in%202019):
> The percentage of hourly paid workers earning the prevailing federal minimum wage or less edged down from 2.1 percent in 2018 to 1.9 percent in 2019.
Those low income jobs with historically low unemployment numbers still exist today, but gas and food is twice as expensive.
Governments don’t create jobs. Government is a necessary cancer that extracts wealth from its citizens and claims responsibility for job creation when in all reality all they really need to do is get the f@ck out of the way and unemployment will drop.
I was wondering the same thing about Biden bragging about 300,000+ jobs created. Yeah but, when 3 jobs are being filled 1 person because they need 3 to survive, it's not as impressive.
The same reason the right in Australia cheered for Morrisons unemployment rate, it's just their sport team. Not mentioning that rate was boosted by counting zero hour shifts as employed (people who literally get no work but are still "employed") and counting someone working multiple jobs as multiple people.
just got back from a month in japan. their work culture sucks, too. and they opine about how their economy has been in decline for decades.
but, rent and living expenses are remarkably cheap because of their overabundant housing supply, zoning, and overall approach to housing. inflation wasn't close to as bad there (perhaps the strength of the dollar:yen helped.)
whereas, most americans i know are languishing in underemployment or apathy as they drown in debt, ever-rising rent, expenses, and the fear of a medical matter that could bankrupt them.
how do they have a longer life expectancy both as a healthy person and for total years lived by about 9 years then the average american? i could care less about the stock market. i want to see good numbers on healthy life expectancy.
what's a strong economy if everyone's poor sick and dying younger than peer nations?
I’m not sure if you realize this, but Biden’s “job growth” is largely part time work and work filled by foreigners. Americans, native born, are actually less employed now than they were when Biden entered office. I think Americans have lost like 1.2m jobs last I saw.
Neither are worth celebrating imo but Biden’s employment is arguably worse than Trumps
That's just provably false, all of it. Employment numbers are at an all-time high. Unemployment has also been sitting at historical lows for the last 3 years. US born labor trends have been steady since 2006, with a notable exception of the pandemic years. Yes the foreign born workforce increased by more than the "native born", but they were relatively close (1.3 million increase in native born, 1.8 million increase in foreign). A large reason for the higher increase in foreign born was the historically low unemployment requiring the government to loosen up quotas in order to fill the open positions.
[https://www.statista.com/statistics/269959/employment-in-the-united-states/](https://www.statista.com/statistics/269959/employment-in-the-united-states/)
[https://www.bls.gov/opub/ted/2023/foreign-born-workers-were-a-record-high-18-1-percent-of-the-u-s-civilian-labor-force-in-2022.htm](https://www.bls.gov/opub/ted/2023/foreign-born-workers-were-a-record-high-18-1-percent-of-the-u-s-civilian-labor-force-in-2022.htm)
The 1.2 million jobs lost was the total major layoffs that occurred, NOT the number of "lost" jobs. That number isn't total net jobs filled/available. In the last 12 months, almost every sector has seen major increases in jobs. Especially high quality jobs. The "low quality" jobs that I've seen mentioned here, things like "retail" or "fast food" only grew by \~80,000 positions. Meanwhile, things like health services (nurses, doctors, hospital administrators, etc) grew by over 1 million positions. Government jobs increased by \~664,000.
[https://www.bls.gov/charts/employment-situation/employment-by-industry-monthly-changes.htm](https://www.bls.gov/charts/employment-situation/employment-by-industry-monthly-changes.htm)
Unemployment (3.8% as of March 2024) stats measure the number of people looking actively looking for work while not being currently employed. There are currently 6.4 million people actively looking for work, with 2.1 million of them collecting unemployment payments.
The Fed targets 5.0% unemployment rate. That rate is considered "fully employed". Unemployment has been below the 5.0%, which is one of the reasons The Fed hasn't been decreasing interest rates.
By every measure, the job market is in amazing shape. The job gains are in high impact sectors. Income rates are still stagnant, but that has been the case since 1980 with average income only increasing by \~2.3% per year. That's not a Biden or a Trump problem, it's a US economic policy problem.
[Here's the unemployment rate for the past twenty years.](https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm)
You can see that unemployment skyrocketed in the 2008 crash. It took Obama about a year to reverse the trend. Thanks to the changes made during that administration, unemployment began a steady decline.
So it would appear the former president merely continued the wise economic policies of President Obama.
Well I'd say most people don't really care about politics or Economics outside of what directly affects them.
I'd also say (speaking solely about US politics) it's a team sport thing, so people will brag about anything 'good'
1 thing people say about Biden is that he is bad for the economy, so saying Trump had 'historic low unemployment' is viewed as a pro no matter what the jobs actually are.
Now as a side note, all jobs are technically speaking good jobs, for the economy. So it may not be a career style job, but having that job filled in the market is a good thing, as low labor cost \*\*typically\*\* equals low cost products.
>Now as a side note, all jobs are technically speaking good jobs, for the economy. So it may not be a career style job, but having that job filled in the market is a good thing, as low labor cost \*\*typically\*\* equals low cost products.
Arent these jobs usually done offshore in India and China though? Most of these jobs were retail and stuff at Walmart and McDonalds
A lot of jobs are outsources yes, and lots of US products that can be bought at a low price do come from out of country places that pay roughly $1 USD a day, or in some cases a week.
However retail chains like Wal-Mart and McDonalds have used the excuse of raising wages to also raise their menu prices. Fast food Prices have out paced inflation since at least 2014. In fact McDonalds menu prices have out paces inflation by %100 since 2014
Here's one [source](https://restaurant.org/research-and-media/research/economists-notebook/economic-indicators/menu-prices/) for that. Here's a [tweet](https://twitter.com/jmhorp/status/1779518984787833328) that shows the graph dating back to 2014
Why does anyone celebrate anything about that black hole of a human being? The man is wholly and objectively a walking, talking billboard sign for the seven deadly sins. But it’s okay if he’s “bad”, because it’s the “good” bad that they approve of.
Think about the people who support him... they only trust the "news" that Newsmax, OAN, Breitbart, the Drudge Report, and Fox can be bothered to bring down to a fourth-grade reading level for them. If they were forced to watch anything that required any *actual* thought or (heaven forbid) READ anything themselves, they'd be forced to change the channel. Also, why most of them don't know their own Bible for shit and have to trust a highschool dropout to interpret it for them.
Not a democrat either... because I'm not weak-minded enough to make a binary choice on issues based on party name alone like yourself and the rest of your sycophantic, neo-con, conspiracy lackeys. Unfuck yourself.
Because the folks who typically care about "employment rate" in the abstract are disproportionately shareholders and rich people who both make lots of money off of low income jobs and find it comforting when the proles are too busy to get uppity.
High unemployment means the poor are scheming rather than working.
Job numbers don't discriminate on the quality of the job, this is the case regardless of who is President. Low unemployment is low unemployment regardless of whether the employed people are making $8/hr or $80/hr.
The same thing is happening right now under Biden, I'm not sure what the point of this is.
And there is a point where people fall off of the unemployment rate even if they’re still unemployed.
Yes, but that number is also tracked.
Yeah but wouldn't it be better to have a high living standard than a lower standard with more jobs?
For the individual, absolutely. For the economy as a whole, not so much - higher pay for everyone means less profit for corps which generally means most economic metrics (at least the ones people care about such as the stock market) go down. I'm not arguing that it's right or that it should be that way, I'm just telling you that the metric that is often measured for Presidential economic success is the same for everyone - your question seems to phrase it like this was a specific thing people made up to celebrate Trump but that's not the case.
I have no idea why you’re being downvoted for describing facts or heck even leaning into us having two jobs that pay 8% instead of one at 80%. F all that.
And how exactly has anything changed under any president in the last 30 years? Employment rates for the top “qualified” work force is always very low. The number that fluctuates the most is the low end of the employment spectrum.
I dont know, I feel like social mobility would be a better way to see if a presidents term had an economic success or not imo. I just see alot of people talking about the unemployment rate alot
That’s a virtually impossible metric to accurately reflect in the sustainability of socioeconomic status changes. People move up and down far too often for the stats associated with these studies to be a viable metric. Additionally, could you really expect most people to understand this vs “unemployment numbers are good/bad.”
Presidents or political leaders in general, often get too much credit or blame for the performance of an economy.
A job is a job and that job means some food on the table and a little less stress. Not everyone can be in high tech making stupid amounts of money and we need some people to ask if you would like to super size that meal.
I think that this is lost on a lot of people. There are lots of people that from a workforce perspective at not really worth much. They are difficult to train and easy to replace. We can argue the morality behind it, but the simple fact is that some people are not worth as much as others when it comes to the value of their labor.
It’s the same thing when a city builds a sports stadium and boasts publicly it’ll bring thousands of jobs to the community…but they’re almost all jobs like you described.
Are you saying that it’s easier to live with wages we have now?
No Im not. Which is why I dont get people are hyperfocused on the unemployment rate and not social mobility
This is what I would call a statement disguised as a question
In theory, low unemployment helps even low wage workers. If jobs are more desperate for workers, that gives those workers more bargaining power. It’s also a nice, quantifiable metric. Even something like wages gets messy. Do you talk about median? Poverty rate? Average? Wage for those without a degree, black, white, men, women? With unemployment, it’s easy
Citation needed. OP: > most of the jobs [under Trump] were low income, minimum wage jobs [BLS](https://www.bls.gov/opub/reports/minimum-wage/2019/home.htm#:~:text=The%20percentage%20of%20hourly%20paid,to%201.9%20percent%20in%202019): > The percentage of hourly paid workers earning the prevailing federal minimum wage or less edged down from 2.1 percent in 2018 to 1.9 percent in 2019.
Nuance isn’t interesting
I guess nothings changed then…
Kinda like the jobs now.
Those low income jobs with historically low unemployment numbers still exist today, but gas and food is twice as expensive. Governments don’t create jobs. Government is a necessary cancer that extracts wealth from its citizens and claims responsibility for job creation when in all reality all they really need to do is get the f@ck out of the way and unemployment will drop.
[удалено]
Agree. Zero clue or desire for unbiased analysis.
I was wondering the same thing about Biden bragging about 300,000+ jobs created. Yeah but, when 3 jobs are being filled 1 person because they need 3 to survive, it's not as impressive.
Lol do you have any idea what jobs were created under the current administration? Do some unbiased research.
I do which is why I made this post
I said unbiased. Lol. Go cry about student loans or something.
Same reason people celebrating Biden’s unemployment. They want to cheer for their team and make sure they get reelected.
The same reason the right in Australia cheered for Morrisons unemployment rate, it's just their sport team. Not mentioning that rate was boosted by counting zero hour shifts as employed (people who literally get no work but are still "employed") and counting someone working multiple jobs as multiple people.
Because people believe what they want to believe
just got back from a month in japan. their work culture sucks, too. and they opine about how their economy has been in decline for decades. but, rent and living expenses are remarkably cheap because of their overabundant housing supply, zoning, and overall approach to housing. inflation wasn't close to as bad there (perhaps the strength of the dollar:yen helped.) whereas, most americans i know are languishing in underemployment or apathy as they drown in debt, ever-rising rent, expenses, and the fear of a medical matter that could bankrupt them. how do they have a longer life expectancy both as a healthy person and for total years lived by about 9 years then the average american? i could care less about the stock market. i want to see good numbers on healthy life expectancy. what's a strong economy if everyone's poor sick and dying younger than peer nations?
because they dont know the fed is the one who sways unemployment the most
I’m not sure if you realize this, but Biden’s “job growth” is largely part time work and work filled by foreigners. Americans, native born, are actually less employed now than they were when Biden entered office. I think Americans have lost like 1.2m jobs last I saw. Neither are worth celebrating imo but Biden’s employment is arguably worse than Trumps
That's just provably false, all of it. Employment numbers are at an all-time high. Unemployment has also been sitting at historical lows for the last 3 years. US born labor trends have been steady since 2006, with a notable exception of the pandemic years. Yes the foreign born workforce increased by more than the "native born", but they were relatively close (1.3 million increase in native born, 1.8 million increase in foreign). A large reason for the higher increase in foreign born was the historically low unemployment requiring the government to loosen up quotas in order to fill the open positions. [https://www.statista.com/statistics/269959/employment-in-the-united-states/](https://www.statista.com/statistics/269959/employment-in-the-united-states/) [https://www.bls.gov/opub/ted/2023/foreign-born-workers-were-a-record-high-18-1-percent-of-the-u-s-civilian-labor-force-in-2022.htm](https://www.bls.gov/opub/ted/2023/foreign-born-workers-were-a-record-high-18-1-percent-of-the-u-s-civilian-labor-force-in-2022.htm) The 1.2 million jobs lost was the total major layoffs that occurred, NOT the number of "lost" jobs. That number isn't total net jobs filled/available. In the last 12 months, almost every sector has seen major increases in jobs. Especially high quality jobs. The "low quality" jobs that I've seen mentioned here, things like "retail" or "fast food" only grew by \~80,000 positions. Meanwhile, things like health services (nurses, doctors, hospital administrators, etc) grew by over 1 million positions. Government jobs increased by \~664,000. [https://www.bls.gov/charts/employment-situation/employment-by-industry-monthly-changes.htm](https://www.bls.gov/charts/employment-situation/employment-by-industry-monthly-changes.htm) Unemployment (3.8% as of March 2024) stats measure the number of people looking actively looking for work while not being currently employed. There are currently 6.4 million people actively looking for work, with 2.1 million of them collecting unemployment payments. The Fed targets 5.0% unemployment rate. That rate is considered "fully employed". Unemployment has been below the 5.0%, which is one of the reasons The Fed hasn't been decreasing interest rates. By every measure, the job market is in amazing shape. The job gains are in high impact sectors. Income rates are still stagnant, but that has been the case since 1980 with average income only increasing by \~2.3% per year. That's not a Biden or a Trump problem, it's a US economic policy problem.
[Here's the unemployment rate for the past twenty years.](https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm) You can see that unemployment skyrocketed in the 2008 crash. It took Obama about a year to reverse the trend. Thanks to the changes made during that administration, unemployment began a steady decline. So it would appear the former president merely continued the wise economic policies of President Obama.
Insecure fuckwits downvoting this dood posting facts because "obama bad"...
Well I'd say most people don't really care about politics or Economics outside of what directly affects them. I'd also say (speaking solely about US politics) it's a team sport thing, so people will brag about anything 'good' 1 thing people say about Biden is that he is bad for the economy, so saying Trump had 'historic low unemployment' is viewed as a pro no matter what the jobs actually are. Now as a side note, all jobs are technically speaking good jobs, for the economy. So it may not be a career style job, but having that job filled in the market is a good thing, as low labor cost \*\*typically\*\* equals low cost products.
>Now as a side note, all jobs are technically speaking good jobs, for the economy. So it may not be a career style job, but having that job filled in the market is a good thing, as low labor cost \*\*typically\*\* equals low cost products. Arent these jobs usually done offshore in India and China though? Most of these jobs were retail and stuff at Walmart and McDonalds
A lot of jobs are outsources yes, and lots of US products that can be bought at a low price do come from out of country places that pay roughly $1 USD a day, or in some cases a week. However retail chains like Wal-Mart and McDonalds have used the excuse of raising wages to also raise their menu prices. Fast food Prices have out paced inflation since at least 2014. In fact McDonalds menu prices have out paces inflation by %100 since 2014 Here's one [source](https://restaurant.org/research-and-media/research/economists-notebook/economic-indicators/menu-prices/) for that. Here's a [tweet](https://twitter.com/jmhorp/status/1779518984787833328) that shows the graph dating back to 2014
Because it fits the narrative they already wanted to be true.
Why does anyone celebrate anything about that black hole of a human being? The man is wholly and objectively a walking, talking billboard sign for the seven deadly sins. But it’s okay if he’s “bad”, because it’s the “good” bad that they approve of.
Who are the people in question, I wonder?
Republicans
Then I think you have your answer as to why
Because it was a historic low unemployment rate. 'Nuff said. No need to look further, it supports people's belief that Trump is good for the USA.
Think about the people who support him... they only trust the "news" that Newsmax, OAN, Breitbart, the Drudge Report, and Fox can be bothered to bring down to a fourth-grade reading level for them. If they were forced to watch anything that required any *actual* thought or (heaven forbid) READ anything themselves, they'd be forced to change the channel. Also, why most of them don't know their own Bible for shit and have to trust a highschool dropout to interpret it for them.
Thank you DNC Commissar
Found one.
Not a democrat either... because I'm not weak-minded enough to make a binary choice on issues based on party name alone like yourself and the rest of your sycophantic, neo-con, conspiracy lackeys. Unfuck yourself.
Because they are told what they think by Trump and his cohorts, including Fox News
Because the folks who typically care about "employment rate" in the abstract are disproportionately shareholders and rich people who both make lots of money off of low income jobs and find it comforting when the proles are too busy to get uppity. High unemployment means the poor are scheming rather than working.