General Discussion

CousinIT

(9,261 posts) Sat Jan 11, 2020, 09:26 AM Jan 2020

Trump says we're currently seeing the most robust job growth ever, but 2019 was lowest since 2011

Link to tweet

Total # of jobs created in
2011: 2.08m
2012: 2.17m
2013: 2.3m
2014: 3.01m
2015: 2.73m
2016: 2.32m
2017: 2.15m
2018: 2.68m
2019: 2.11m
Trump says we're currently seeing the most robust job growth ever, but 2019 was the lowest since 2011.

7 replies

= new reply since forum marked as read

Highlight:

Trump says we're currently seeing the most robust job growth ever, but 2019 was lowest since 2011 (Original Post) CousinIT Jan 2020 OP

Unemployment rate has fallen only because many have left the job market Cicada Jan 2020 #1

No, discouraged workers are at a record low Recursion Jan 2020 #5

Labor market participation rate has not increased Cicada Jan 2020 #7

Not from where I'm standing . . . Iliyah Jan 2020 #2

Every word he speaks is a lie. spanone Jan 2020 #3

Manufacturing is at the lowest level in 10 years. True Blue American Jan 2020 #4

It's like everything else Turbineguy Jan 2020 #6

Cicada

(4,533 posts)

1. Unemployment rate has fallen only because many have left the job market

Reply to CousinIT (Original post)

Sat Jan 11, 2020, 09:42 AM

Jan 2020

Trump job creation has roughly equaled the number joining the labor force by getting old enough to work or moving here. The unemployment rate has declined because so many have stopped looking for work.

Recursion

(56,582 posts)

5. No, discouraged workers are at a record low

Reply to Cicada (Reply #1)

Sat Jan 11, 2020, 10:17 AM

Jan 2020

https://www.bls.gov/news.release/empsit.t16.htm

Job growth is mostly slowing because we've pretty much tapped out the labor force. There are 8 million open positions and fewer than 6 million people looking for work.

Cicada

(4,533 posts)

7. Labor market participation rate has not increased

Reply to Cicada (Reply #1)

Sat Jan 11, 2020, 11:10 AM

Jan 2020

If the labor market participation rate is unchanged, and that is the case while Trump has been President, doesn’t that mean that the number of new jobs has pretty much matched the number of additional working age people? In other words doesn’t it mean that a decline in the unemployment rate must result from more working age people deciding not to seek work?

What is wrong with that logic? Here is an article reporting no change in the labor participation rate. https://nationalinterest.org/blog/buzz/big-problem-millions-americans-have-quit-looking-job-61722