Unemployment Rate matches lowest point in half a century

[7_Sorrows]

Theo520:

We need several years low black unemployment before I’ll give anyone credit. Obama could have gotten to the record with some policy changes, but they conflicted with his ideology goals.

What goes up, comes down (or what goes down, comes up). I’m sure we can blame Trump for that, when it happens

i just read that black unemployment is at an all-time low. But it isn’t low enough, nor, as you mention, long enough.

My reason for this thread was really to discuss how much a President and his policies affect unemployment and the economy. As an example, Bush 43 is blamed for the recession, but it really started in Congress with a well-intentioned but ill-fated attempt by Congress at giving people mortgages (and increasing home ownership) that the mortgage industry knew, historically, could not repay mortgages. Add the greed in the mortgage and financial industry, and CRASH.

Was it Bush 43’s fault? I think a lot of people were to blame. Was the steady clawing back to prosperity soley Obama’s policies? Probably not.

So, after a year, what can Trump take credit for in keeping the upward curve going?

that actually started under Clinton wanting everyone to own a home.

 

[PaulinVA]

Both actual reduced regulation and the rhetoric of reduced regulation has increased business confidence and investment.

I admit that the Trump administration has been getting rid of regulations, sometimes in favor of business against the people. It’s also probably not changing at the whim of what Trump thinks at any given moment, like other policies.

Tax cuts have demonstratively increased the rate of business investment. I posted an article on this some time ago, source was PBS

I agree that the tax cuts, which I think were wrong, had an effect on business.

Reducing illegal economic migrants directly helps unemployed minorities find work. His anti-illegal rhetoric has been phenomenal for helping reduce black unemployment

Theo, this one I’ll have to totally disagree with you on. There are, indeed, many jobs that native -born American’s just won’t do that immigrants will do. I’m not talking just about being being the President’s wife, either.

I just haven’t seen that the skill sets and jobs held by the illegal laborers are now going to minorities, specifically blacks. Do you have a source? I just read that the crackdown and increased deportations separate families and leave some employers unable to bring crops to market.

 

[Ridgerunner]

There are, indeed, many jobs that native -born American’s just won’t do that immigrants will do. I’m not talking just about being being the President’s wife, either.

I just haven’t seen that the skill sets and jobs held by the illegal laborers are now going to minorities, specifically blacks. Do you have a source? I just read that the crackdown and increased deportations separate families and leave some employers unable to bring crops to market.

Undoubtedly a lot of illegals do engage in things like picking strawberries on a seasonal basis, and undoubtedly farmers have difficulty getting people to do it.

But in my experience, most illegals are either in construction or industry. If they are fresh from the country of origin and can’t speak a word of English, they’ll more likely be in construction as drywallers, roofers, sometimes framers. Once they get acclimated somewhat, they go to industry.

So I don’t think we can just dismiss their effect on work opportunities of the native-born by saying they all pick strawberries in some irrigated desert out west.

 

[Dr_Meinheimer]

Many of us also feel that way about men who support the right to abortion, or the right of two men to pretend to marry.

So between your standard and mine, that crosses a lot of folks off the list.

 

[Ridgerunner]

And, yes, I view someone who boasts of sexually assaulting women as a terrible person.

Can’t be talking about Trump then, because he didn’t. I realize people like to say he did, but if you read what he actually said, he didn’t say he sexually assaulted women.

 

[Theo520]

Theo, this one I’ll have to totally disagree with you on. There are, indeed, many jobs that native -born American’s just won’t do that immigrants will do. I’m not talking just about being being the President’s wife, either.

I just haven’t seen that the skill sets and jobs held by the illegal laborers are now going to minorities, specifically blacks. Do you have a source? I just read that the crackdown and increased deportations separate families and leave some employers unable to bring crops to market.

Your reference to exceptions doesn’t prove your point

The example of your exception would be pickers, who will mostly still come from Mexico. Urban minorities are not taking those rural seasonal jobs. Even most illegal farm workers move on, there aren’t jobs for them outside picking season.

But jobs in urban areas are more likely to hire minority citizens if there are fewer illegals competing. This is where Trump’s stance on immigration is helping to reduce minority unemployment. I’m talking construction etc, even landscaping.

Deportation doesn’t force families to separate, they can move together.

 

[dvdjs]

If so, it hasn’t been manifest as a deviation from the trend line under Obama.

 

[Ridgerunner]

Yes. You have said that several times before. But there certainly was a deviation.

 

[dvdjs]

You have said that several times before. But there certainly was a deviation.

(Please Note: This uploaded content is no longer available.)

 

[dvdjs]

Deportation doesn’t force families to separate, they can move together.

You are right. It is the change in policies regarding criminal proceedings that is the cause of this horrible situation.

 

[ProVobis]

There were a few who held 12% CD bought during the Volcker years. They matured eventually yet no politician campaigned to keep that income coming in. Not while the refinancing industry was growing. Besides at the lowering of rates the government could get away with higher deficits as their interest payments, also part of the budget, would at least be manageable. Then foreigners were really getting into the act. They got into Treasuries for the capital gains as well. And they had enough to reinvest in their ventures. So Trump may be right about foreigners taking advantage of the Americans. But because we’re borrowers not because we’re paying for all the military. That also may be true but they may not see it as necessary as the US does.

 

[ProVobis]

There’s nothing inherently wrong in owning a home. It’s a matter of being able to make the payments, whether in good times or not. Unfortunately not too many people can go 30 years without some unemployment.

Now flipping homes is another story.

 

[Theo520]

Can’t be talking about Trump then, because he didn’t. I realize people like to say he did, but if you read what he actually said, he didn’t say he sexually assaulted women.

Actually, he did admit to kissing a woman without first getting consent.
If you go with what he actually said.

 

[Ridgerunner]

Actually, he did admit to kissing a woman without first getting consent.
If you go with what he actually said.

In itself, that’s not necessarily an “assault”. Lots of people do that or “hug” you. I don’t like either one, and so each such event could technically be regarded as an “assault”. But people don’t generally think of it that way. Good thing I don’t live in Russia or France.

 

[TheLittleLady]

This does not take into account those who are underemployed (college educated or decades of professional experience who are now working part time at Dollar General to try to stay alive) or those who have simply given up and moved in with someone who will support them.

 

[Theo520]

This does not take into account those who are underemployed (college educated or decades of professional experience who are now working part time at Dollar General to try to stay alive) or those who have simply given up and moved in with someone who will support them.

No, but it does indicate increased opportunity for them.
More jobs for them to get as full time, or at higher pay.
A tight job market give them hope and opportunity.

 

[ProVobis]

Maybe we should refer to it as inappropriate behavior but that didn’t work out very well for Bill Clinton.

 

[ProVobis]

Higher pay means the Fed starts hiking interest rates which of course can put a damper on the economy. At least in theory.

 

[Theo520]

Higher pay means the Fed starts hiking interest rates which of course can put a damper on the economy. At least in theory.

So your logic is we shouldn’t put them back to work, because it might mean the feds raise rates and it might lead to them losing the jobs they don’t currently have?

 

[ProVobis]

I didn’t say what we should or shouldn’t do. I feel let the free market take care of things. I personally would like to dissolve the Fed but then I will be attacked for trying to kill the economy.