This information is good for the US economy and the world. Any rate below 6% must be a good sign in today's climate of high speculation and caution. I would however like to keep my celebrations in check though. I am waiting to see if the downward trend of the unemployment rate continues over the next six months. That would convince me that the recovery is really on.
The labor participation rate is at a 36 year low. Household net income has been steadily decreasing. Net employment is still lower than it was 5-6 years ago. More jobs are part time. "Full time" under the ACA is 30 hours The number of people on food stamps has roughly doubled under Obama, as has the national debt...
I am pleased to see that the growth was within the fields of professional and business services, and not necessarily in something temporary or unsteady.
Thinking about that question it is got to be a collection of both. I can see the rates have improved slightly over time. Its just that my area is the one that is difficult.
I don't know what's true or not anymore. But I do hope things are getting better. It does feel like it's getting a little bit better. Unfortunately, I think a lot of the jobs are coming low-paying industries. Although that means less people starving, it also means not enough people are getting paid high enough to spend.
Since the unemployment rate continues to decrease throughout the month of November, which should be a great that our economy has improved since President Obama took office. January 2009, since Obama was sworn into office our economy was in The Great Recession. It has been six years since Obama's tenure, and the US stock market has nearly doubled. The unemployment rate was nearly cut in half. The prices of Gold, Brent Crude, and WTI have tumbled by more than 25%. The US Dollar is stronger. Our US troops are no longer on the ground in Iraq. However, the Republican Party cannot find anything positive to say about the Obama Presidency. I wonder why they cannot say anything positive about the Obama Presidency.
I have personally noticed that the job market is improving. I have been trying to get a new job and leave current place if work for a while now and I am actually finding job postings that are interesting to me and have been in for a couple of interviews. That is improvement.
We can probably all agree that going into Iraq in the first place was not the greatest idea in hindsight especially without taking the oil. But leaving when we did was a huge mistake, as was not getting a SOF agreement in place. The president does not control the prices on stocks, oil, or gold, and does not control the value of the dollar relative to those commodities and the currencies of other countries - many of whom are doing very bad themselves these days. The Fed's QE bond buying has finally been tapered down to nothing. That and the other QE measures of keeping rates low and printing large amounts of currency were holding down the value of the dollar and pumping up the stock markets. The Fed is supposed to be nonpartisan and non-political, so there's no way you could say that they have been doing Obama's bidding without indicting them for being politicized. Of course we've seen that with the IRS, EPA, et al - so nothing would surprise me anymore. We've had the slowest economic recovery since after the Great Depression, a record 18 trillion in debt. 90 trillion in unfunded liabilities. The lowest labor participation rate in 36 years. A record 50 million on food stamps and 50 million in poverty. Things are not as great as the MSM and MSNBC wants you to believe.
It is true that we have experienced the slowest economic recovery since The Great Depression. However that has been arguable that one reason has been due to congress' inability or unwillingness to pass bills that assist the poor. One may wonder if they hate poor people. Yet, the congress continues creating bills that aid the wealthy. For example, that Farm bill passes in beginning of 2014. All of those farm subsidies going to super wealthy farmers. J.R. wrote, "... the other QE measures of keeping rates low and printing large amounts of currency were holding down the value of the dollar and pumping up the stock markets." You are absolutely correct about this assessment. So, I wonder what will happen once the Feral Reserve stops supporting the currency, and our treasury? Would our economy tumble? Would our stock market tumble once more? President Obama only has two additional years to go. What is your prediction?