NYT: We Ran Out of Words to Describe How Good the Jobs Numbers Are.

[bobgeese]

“The real question in analyzing the May jobs numbers released Friday is whether there are enough synonyms for ‘good’ in an online thesaurus to describe them adequately.”

We Ran Out of Words to Describe How Good the Jobs Numbers Are
By Neil Irwin
The New York Times’ The Upshot
June 1, 2018

The real question in analyzing the May jobs numbers released Friday is whether there are enough synonyms for “good” in an online thesaurus to describe them adequately.

So, for example, “splendid” and “excellent” fit the bill. Those are the kinds of terms that are appropriate when the United States economy adds 223,000 jobs in a month, despite being nine years into an expansion, and when the unemployment rate falls to 3.8 percent, a new 18-year low.

“Salubrious,” “salutary” and “healthy” work as words to describe the 0.3 percent rise in average hourly earnings, which are up 2.7 percent over the last year …

…

And a broader definition of unemployment, which includes people who have given up looking for a job out of frustration, fell to 7.6 percent. The jobless rate for African-Americans fell to 5.9 percent, the lowest on record, which we would count as “great.”

…

Then there are other thesaurus synonyms for “good” that we don’t normally use in reference to employment numbers, but which are apropos this month. For example, “congruous,” in the sense that the various pieces of the report align with each other: Employers are creating more jobs, leading more people to work and fewer people to be unemployed, and leading wages to rise.

…

[T]he thing to take away from the May numbers is that the United States economy just keeps humming along at a steady pace, putting more people to work and at gradually higher wages.

…

Read the full article here.



.......


I’m certainly not tired of winning.

 

[Rational Poster]

Fake News New York Times.

 

[snakedafunky]

Lol, what a CAN.
Germany's unemployment is the lowest ever since reunification.
Get back to me when you have a real winner in charge not "Second Place Don".

 

[Madmick]

I remember when you used to argue the President didn't have an meaningful influence on the economy (when the recovery was robust under Obama).

I'm glad that business is doing well in the short term, but when you give up 14% of your corporate tax income, it sure as hell better be. Those hundreds of billions better buy something.

 

[bobgeese]

I remember when you used to argue the President didn't have an meaningful influence on the economy (when the recovery was robust under Obama).

I'm glad that business is doing well in the short term, but when you give up 14% of your corporate tax income, it sure as hell better be (and it is). Those hundreds of billions better buy something.

Do you remember? Why don’t you go ahead and quote all those posts? Oh that’s right, they don’t exist.

 

[Orgasmo]

Job numbers are good, but the question should be real income adjusted for inflation. That has been decreasing for decades. A person making $15 an hour at a warehouse is employed, but he doesn't have much spending power. Without spending power, consumer demand in the economy won't be there to sustain high growth.

 

[Beechwood]

It was exciting to see, the good jobs report. The economy keeps on humming along. Hope the rest of the world begins doing better. I'm a little bit worried about Italy and the rest of Europe.

 

[cincymma79]

Job numbers are good, but the question should be real income adjusted for inflation. That has been decreasing for decades. A person making $15 an hour at a warehouse is employed, but he doesn't have much spending power. Without spending power, consumer demand in the economy won't be there to sustain high growth.

Job numbers are good, but the question should be real income adjusted for inflation. That has been decreasing for decades. A person making $15 an hour at a warehouse is employed, but he doesn't have much spending power. Without spending power, consumer demand in the economy won't be there to sustain high growth.

False. Easily verifiable. Anyone can look this up. Pew did this. Also define purchasing power. I had better shit when I was broke than existed when I was a kid and living with middle class parents

 

[Rational Poster]

I remember when you used to argue the President didn't have an meaningful influence on the economy (when the recovery was robust under Obama).

I'm glad that business is doing well in the short term, but when you give up 14% of your corporate tax income, it sure as hell better be. Those hundreds of billions better buy something.

Still waiting for my raise.

Sure it'll be a measly 3%.

 

[Rational Poster]

Do you remember? Why don’t you go ahead and quote all those posts? Oh that’s right, they don’t exist.

lol what

I schooled you on this last week and you ghosted.

 

[Deleted member 159002]

Still waiting for my raise.

Sure it'll be a measly 3%.

Same here.

 

[method115]

I remember when you used to argue the President didn't have an meaningful influence on the economy (when the recovery was robust under Obama).

I'm glad that business is doing well in the short term, but when you give up 14% of your corporate tax income, it sure as hell better be. Those hundreds of billions better buy something.

Agreed. My company gave me a larger raise than normal this year and my bonus has almost doubled this year as well. I've also noticed a weird trend with them doing all kinds of "extra" activities for the company. Giving us $200 to take our wives out for dinner or $100 if your not married. They did the same for mothers day. I'm almost positive it's because of the tax breaks but don't know for sure.

I want to ask my boss if it's because of the tax breaks but don't have the balls to do it. I mainly want to know because I know he hated Trump so I want to see if his tuned has changed.

 

[Madmick]

Agreed. My company gave me a larger raise than normal this year and my bonus has almost doubled this year as well. I've also noticed a weird trend with them doing all kinds of "extra" activities for the company. Giving us $200 to take our wives out for dinner or $100 if your not married. They did the same for mothers day. I'm almost positive it's because of the tax breaks but don't know for sure.

I want to ask my boss if it's because of the tax breaks but don't have the balls to do it. I mainly want to know because I know he hated Trump so I want to see if his tuned has changed.

Indeed. There's a reason I supported corporate tax reform, but I'm not taking my eye off the ball; there is an expected opportunity cost.

So we need a windfall for this tax reduction to have a sustainable chance. If we didn't see a massive spike in the short-term economic health we would already know it was doomed. Now it's a question of whether or not this can hope to grow the economy while rehabilitating the class divide in absence of the redistribution of wealth and social programs, or if we're simply headed back to the the same ever-widening wealth divide.

 

[method115]

Indeed. There's a reason I supported corporate tax reform, but I'm not taking my eye off the ball; there is an expected opportunity cost.

So we need a windfall for this tax reduction to have a sustainable chance. If we didn't see a massive spike in the short-term economic health we would already know it was doomed. Now it's a question of whether or not this can hope to grow the economy while rehabilitating the class divide in absence of the redistribution of wealth and social programs, or if we're simply headed back to the the same ever-widening wealth divide.

I have little hope of it helping beyond the short term. At the same time when it comes to taxes and all this sort of stuff I really don't know what's going on other than what people tell me and I read online.

 

[Liquid Smoke]

18 year low unemployment are good words.

 

[KONG-D'SNT-TAP]

Thank goodness for Janet yellen and the stimulus package zero republicans voted for.

That’s what got this economy going

 

[Roaming East]

Thank goodness for Janet yellen and the stimulus package zero republicans voted for.

That’s what got this economy going

you and your 'facts'. everyone knows the economy is roaring because of Donny 2-scoops raw uninhibited masculinity.

 

[HomerThompson]

I remember when you used to argue the President didn't have an meaningful influence on the economy (when the recovery was robust under Obama).

I'm glad that business is doing well in the short term, but when you give up 14% of your corporate tax income, it sure as hell better be. Those hundreds of billions better buy something.

I hear that yacht manufacturers have had it rough. Maybe they'll get some help here.

 

[KONG-D'SNT-TAP]

you and your 'facts'. everyone knows the economy is roaring because of Donny 2-scoops raw uninhibited masculinity.

I mean the zero republicans who voted for the stimulus bill that clearly worked knew what they were doing.

Strategy lulz

 

[unimackpass]

Lol, what a CAN.
Germany's unemployment is the lowest ever since reunification.
Get back to me when you have a real winner in charge not "Second Place Don".

So all those “words” don’t matter because Germany is doing good.
Ok I get it.