Unemployment Rate Tumbles To 9-Year Low

Yahoo Finance reports:

In a stunning development, the Bureau of Labor Statistics just revealed that the US unmployment rate unexpectedly dropped to 4.6% in November. This is the lowest level since August 2007. Economists were expecting the rate to be unchanged from October at 4.9%.

During the month, US companies added 178,000 non farm payrolls, which was a tad lighter than the 180,000 forecast by economists. Average hourly earnings increased 2.5% year-over-year, which was weaker than the 2.8% pace expected.

Other employment data continue to reflect a healthy economy with lots of job growth. On Wednesday, ADP’s employment report showed that the US economy created around 216,000 jobs in November. Monthly surveys from the Richmond Fed, Dallas Fed, and NY Fed all signaled on going job growth. It seems Trump will be inheriting an economy that’s in great shape.

  • Trey Rhiddlehoover

    Thanks Obama!

    • Sean Williams

      Yea, what he said.

    • Todd20036

      … and goodbye.

      • Chucktech

        Fare you well, Mr. President!

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    • Nychta

      Ditto.

    • kaydenpat

      Indeed. Now Trump can work towards destroying the economy on behalf of his 1% friends.

      • Bared Bear

        First they’ll have to start a war… or several.

        • DesertSun59

          I believe the war will happen in year three. It will be timed to coincide with not ‘changing horses in the middle of a stream’. Just like under W.

          • Bared Bear

            That sounds about right. I freaking hate these people.

          • FAEN

            Iran, North Korea? Thoughts?

          • Cipher

            I’m thinking he picks something smaller- trying to mirror Reagan with Grenada or Bush 1 with Panama. Would not be surprised to see him provoke something with Venezuela- with its economic collapse I could see him thinking it would be welcomed. Perhaps (gasp) Cuba?

          • FAEN

            Maybe Canada, Japan or China?

          • bill weber

            You guys have missed the 7 or 8 wars we’re in right now?

          • Bj Lincoln

            I’m not a gambler but I would put money on that. There is money to be made from war but only for those who have money. The rest of us will be paying for it.

        • Bill_Perdue

          Obama stated or restarted eight wars still going on. They don’t need a new war, which doesn’t mean they won’t start one.
          https://uploads.disquscdn.com/images/634d29b5e4411b23b4918a412db1560ba582723b61dfc8b05e04e0baaa1d7ed1.jpg

        • Oshtur

          Wars, when actual citizens did all the work in the military were good stimulus packages – wages going into citizen’s pockets, US industries, etc. Of course it kicked down the road all of the veteran and entitlement costs, buy it worked.

          Now with everything from KP to base security being done by multinational mercenary corporations, all a war does is bleed money out of the country with little going into citizen hands and still accruing all the future costs that having military veterans accrue.

      • Todd20036

        Not everyone who is wealthy loves Trump, just as not everyone who is part of the underclass, and whose lives will be worsened under Trump, hates him.

        In fact, most of the people who love trump, are about to get royally screwed by him. And they’re ok with it because of white power.

      • Rambie

        By the end of January they’ll claim it was all Trump that lowered the unemployment rate.

        • Rod Steely

          That is what is KILLING me. Over the past 8 years Obama has fixed this country and Republicans gave him NO credit and told us to stop blaming Bush. Now we have a healthy economy and that fucking Cheeto in Charge will take credit for all of it.

          • bill weber

            “Obama has fixed this country”

            You’re delusional.

          • Oshtur

            He fixed the things he could. The president can’t force businesses to pay a living wage or force them to hire more people when they can just get salaried employees to work more than 40 hours a week with no overtime.

            The recession just showed businesses they could get buy with less people that they worked harder for less pay. The middle class won’t be protected by Republicans.

            I’m willing to bet by the end of the next 4 years there will effectively be no middle class left at all.

      • Bill_Perdue

        It’s already destroyed, if you take into account the lives of low paid workers and busted union, which Democrats don’t. Bill Clintons signature on and rabid support for NAFTA, the bill gutting welfare and the deregulation bills of 1999 and 2000 caused the collapse of 2008. https://uploads.disquscdn.com/images/0031fc0c84119cf22e6b5910c8ada5ecaee92084b792dd89756baaa19b310602.jpg

        Clinton Spends Most of Her Time with the Ultra-Wealthy
        New York Times:
        “Mr. Trump has pointed to Mrs. Clinton’s noticeably scant schedule of campaign events this summer to suggest she has been hiding from the public. But Mrs. Clinton has been more than accessible to those who reside in some of the country’s most moneyed enclaves and are willing to spend hundreds of thousands of dollars to see her. In the last two weeks of August, Mrs. Clinton raked in roughly $50 million at 22 fund-raising events, averaging around $150,000 an hour, according to a New York Times tally.”
        Via Teagan Goddards Political Wire

        • greenmanTN

          Have you ever thought about putting a plastic bag over your head and a rubber band around your neck? i think that would be a really good look for you.

          • Bill_Perdue

            Pathetic piglet squeals because it’s functionally illiterate, and can’t be bothered with the truth. Poor thing.

          • greenmanTN

            Ah, now I’m illiterate. i suspect one of us would be really good at finding truffles and it isn’t me.

          • Bill_Perdue

            Maybe a better phrase is terminal stupid and unable to respond politically.

          • FAEN

            Talking about yourself in that manner isn’t a good thing. Therapy to deal with your brand of pathetic perhaps?

        • Nic Peterson

          Bill, you seem to recognize that the modern minimum wage is nothing short of paid slavery, education for lower middle class and the poor has been left to wither on the vine and that deregulation creates instability. You fail to acknowledge that HC campaigned on raising the minimum wage and improving education opportunities for everyone. As for multinational manufacturing going overseas one only need look as far as where the customer base resides and the competitive landscape of the industries in question and you will better understand why manufacturing jobs chase the low labor costs.

          If you, like many people I know are longing for the Eisenhower full employment model, take a look at what it took to get us there. I will give you a hint: Our competitive edge took shape at the end of WWI.

          Enjoy your Trump, he is what you asked for.

          • Bill_Perdue

            You never knew that socialists started the fight for $15 or that unions alone were responsible for the prosperity of the working class after WWII because your’re a Democrat and facts are your enemy. All you have is lies and campaign BS.

          • Nic Peterson

            And you just bumped into an orange poisonous tree.

          • Bill_Perdue

            Clinton = Trump = Bush = Obama.

            They all wanted to or want to gut SS and Medicare.

            Socialists oppose all of your dimwitted rightist leaders.

            Facts are your enemy, which explains your recent humiliation.

          • Nic Peterson

            Bill, I have tried to be cool with you and not everyone here is as kind but crap like this isn’t helping. Maybe in your world good is the enemy of great, and battleships turn around in bathtubs but out here in the real world where snow is falling, in Hawaii, I am going to ask you to take a page out of tonight’s playbook and chill the fuck out. Mahalo in advance. Here’s the view, it reminds me that ANYTHING is possible. https://uploads.disquscdn.com/images/2cbf531265396d167e9fccab4a8b6282f82f065e290ca122a82fb09b031cacba.jpg

          • Bill_Perdue

            Stop lying. “Enjoy your Trump, he is what you asked for” is a lie and so is “Bill, I have tried to be cool with you and not everyone here is as kind but crap like this isn’t helping.”

            In the real world Democrats got humiliated by their Republican brothers and sisters. That’s neither here or there because there are no sharp differences between those two parties except that Republicans don’t bother to lie about how right wing they are.

            In the real world about 45% of eligible voters boycotted the elections. That’s a good thing.

            In the real world the Democrats are just Republicans in drag. That’s the truth.

    • bill weber

      And wages are still stagnant.

    • Bill_Perdue

      Thanks for nothing. The Democrats recovery is a cruel hoax. And things will be just as bad under the Trump regime.

      “The unemployment rate fell to 4.6 percent in November, almost equal to the pre-recession lows in 2007. However the sharp decline was partly due to people leaving the labor force, the employment-to-population ratio was unchanged at 59.7 percent. It actually fell slightly for prime-age (ages 25-54) workers, from 78.2 percent to 78.1 percent, although it is still 0.7 percentage points above its year ago level.Wages have risen by 2.5 percent over the last year. When we factor in the shift from non-wage to wage compensation (mostly a reduction in health care benefits), this means there is essentially no evidence of wage acceleration whatsoever.http://www.truth-out.org/news/item/38602-unemployment-rate-falls-back-to-pre-recession-levels-in-november

      BLS says, “The unemployment rate, at 5.0 percent, and the number of unemployed persons, at 7.9 million, changed little in September. Both measures have shown little movement, on net, since August of last year.”

      That’s the “official” unemployment stat. But also reported, there are an additional 1.8 million long-term jobless now designated as only “marginally attached to the workforce” and another 5.9 million are listed as “involuntary part-time”—both numbers essentially unchanged. Combined as the “real” unemployment, these three measures show a job creation that has become stalled—hardly keeping up with new first-time job seekers–while leaving behind 15.6 million who want full-time jobs but can’t find one.

      Most job growth, both in September and year to date, was in business services-ytd 582,000; health care-ytd 445,000; eating and drinking establishments-ytd 300,000; and retail sales added 317,000 jobs so far in 2016. To be sure, these industries have some well compensated professionals and technicians–but the majority of these new jobs are low wage, many part-time.

      A lot more could be expected—especially after a record year of auto sales and a rebound in housing. The old vaunted “Middle Class” still exists on a much smaller scale but the dream of younger generations to join it—or middle aged workers to rejoin after being pushed out–is still elusive after seven + years of “recovery.” http://kclabor.org/wordpress/?p=943

  • Oikos

    This credit should go to Obama but you know that the media will give dump credit for this if it continues. My thoughts however is that it will only continue in the short term until the 1%s that will be running the government get to pillaging the country’s assets.

    • kaydenpat

      Yep. It will end once Trump’s pro-1% policies kick in.

    • Gene

      on the upside, he will start with an economy that is at a number ( 4.6 ) that has historically been considered “full employment”. (those without a job at that number usually being considered willingly between jobs, etc.

      it will be damn next to impossible for him to maintain that…and, sad to say, we are OVERDUE for a recession. Watch the Italian vote this weekend. The British economy was/is strong enough not to tumble in the short term (and is rather strong in any case) but Italy is a different story. If the constitutional referendum fails, Italy will go into a higher than standard level of turmoil, and its 11% unemployment rate (35% among those younger than 30) will rise, and its debt, already unsustainable, will help push its already weakened banks over the edge. this could easily spark a Euro zone wide crisis due to 1) the real risk of major bank failure and need for another round of bailouts 2) the (hot) PM will resign…and, its likely (unlike, thankfully, at this point at least) that Euroskeptic parties like the 5 star and Northern alliance parties will come to power in Rome. 3 of the major parties, and one of these 3 is likely to pick the next PM, want to leave the Euro zone. not the EU, the Euro zone…and, they are serious. the Euro will D R O P like a rock, the dollar will surge, and our exports will get a lot more expensive…its a perfect storm for both a Euro zone recession (Deutchland aside) and a US recession.

      we live in troubled times…but, Trump is inheriting a GREAT situation…and its gonna head south, regardless of what he does.

      part of me actually can live with that, hard as that is to put to type..

      • Gene

        P S ….some of the parties that might come to power in Italy really DO have semi fascist tendencies…FORGET any advancements for GLBT rights there for a while, should the referendum lose (which looks likely)

        • Gustav2

          Damn, if you would just stop butt fucking, I could have a job! 😉

        • Menergy

          definitely “populist” uprisings there among the younger, so I read.

      • Rambie

        Agree with you that the number is bound to slump. I just hope he holds until after Jan 20th.

    • DesertSun59

      Indeed. Under Drumpelthinskin, the deficit will immediately rise and the treasury will be pillaged. His lack of a coherent economic policy will then devastate the unemployment rate. Later, a nice fat war will distract everyone from his inability to do anything other than rant like a petulant child.

    • Joe in PA

      The instant I saw the headline, that was my very thought. Trump will somehow take credit for this…what with all those Indiana jobs @ Carrier that the taxpayers of Indiana will have to pay for.

      • Acronym Jim

        1,300 of which are STILL moving to Mexico.

      • Rambie

        My thought too. The Carrier thing reminds me of Regan’s bargain with Iran for the hostages.

    • Ninja0980

      The media has always blamed Obama for Republican obstruction.
      It will make sense they’ll ignore his accomplishments too.

    • bill weber

      The president’s ability to affect these things are limited. And what kind of jobs are they?

  • Archipelagos

    Unfortunately, too many people won’t believe this, and reject it as liberal spin/conspiracy cooked up by ‘elites’. An economy that’s in decent shape doesn’t fit their preferential narrative either.

  • Bared Bear

    How short Obama’s 8 years feel against the weight of Dubya’s 8 and the impending doom of the Orange Menace.

    • Nychta

      How short those eight years feel against the past three weeks, even. Sheesh.

      • Gerry Fisher

        It’s been a *long* three weeks. 🙂

  • OdieDenCO

    It seems Trump will be inheriting an economy that’s in great shape.

    and he’ll screw it up just like W did.

    • Xiao Ai

      I think you underestimate his abilities, He’s going to destroy it.

    • DesertSun59

      It’s a total guarantee.

    • bill weber

      The Inequality Economy is *not* in “great shape,” and you have to be a Dem-bot to think so. Of course DT will likely do nothing but worsen it, for his part.

    • Bill_Perdue

      Not quite. The rich are richer but workers are being pauperized.

      The BLS monthly jobs report –always chock full of useful information about the state of the working class—was released last Friday as the election campaign enters the final month. It was kind of lost in the shuffle between Hurricane Matthew and new outrage about the misogynist Republican nominee. That was just fine with his Democrat opponent.

      BLS says, “The unemployment rate, at 5.0 percent, and the number of unemployed persons, at 7.9 million, changed little in September. Both measures have shown little movement, on net, since August of last year.”

      That’s the “official” unemployment stat. But also reported, there are an additional 1.8 million long-term jobless now designated as only “marginally attached to the workforce” and another 5.9 million are listed as “involuntary part-time”—both numbers essentially unchanged. Combined as the “real” unemployment, these three measures show a job creation that has become stalled—hardly keeping up with new first-time job seekers–while leaving behind 15.6 million who want full-time jobs but can’t find one.

      Most job growth, both in September and year to date, was in business services-ytd 582,000; health care-ytd 445,000; eating and drinking establishments-ytd 300,000; and retail sales added 317,000 jobs so far in 2016. To be sure, these industries have some well compensated professionals and technicians–but the majority of these new jobs are low wage, many part-time.

      A lot more could be expected—especially after a record year of auto sales and a rebound in housing. The old vaunted “Middle Class” still exists on a much smaller scale but the dream of younger generations to join it—or middle aged workers to rejoin after being pushed out–is still elusive after seven + years of “recovery.”

      In the last WIR, I wrote about how the Middle Class has been in a long decline through automation and cybermation. During the Great Recession, bosses also successfully reduced labor costs through outsourcing, job combinations, and big concessions in union contracts. While this enhanced profits in production, at the same time it reduced the purchasing power of many workers. Readers outside the USA may be shocked by some numbers associated with this contraction.

      Disturbing Math
      The average work hours per week for private sector “nonsupervisory and production employees”—that includes the majority of the working class—was only 33.5. The average hourly wage for the same category rose 5 cents to 21.68. That works out to an average annual wage of 37,766.
      http://kclabor.org/wordpress/?p=943

      • NancyP

        No surprises here. The shifting of manufacture overseas had been going on long before NAFTA. I remember “made in Japan” cheap metal toys from my childhood. Robotics had been foreseen since before NAFTA. Shipping had been low-cost since forever (well, the invention of standardized container shipping). The solution was supposed to be high-end manufacture of tech products (airplanes are a great example) and continuing innovation of new product classes. The implication was that many or most jobs would change significantly over a lifetime of working, and that one would need to be able to learn new skills to keep up.

        • Bill_Perdue

          Jobs were exported by the rich to cut labor costs.

          The period of prosperity that began in the late forties and the great reforms like Social Security and Medicare/Medicaid are not solely the result of the growth of unions and union agitation. Liberals pretend that the attacks on worker’s standard of living, unions and reforms like Social Security and Medicare/Medicaid are not entirely bipartisan and that Democrats are not just as bad, if not worse, than Republicans.

          In August 1971 Nixon imposed wage and price controls that were simply wage controls. Princes spiraled as the inflation caused by LBJs genocidal war in Vietnam smoldered through the economy until the last days of the Reagan administration.

          Carter continued the attack on our standard of living with deregulation of transportation companies in the airline, railroad and trucking sectors. Profits rose dramatically as unions and consumers came under attack . Consumers began to pay the price for putting profits before safety. Carter also promoted and signed the 1980 law deregulating S&Ls, which removed ceilings on interest rates and promoted junk loans.

          Reagan continued Nixon and Carters anti-worker, anti-consumer efforts by actively busting unions and deregulating the energy sector, including oil and natural gas. Under the protective administration of Ronald Reagan, the ruling class became the looter class and stole hundreds of billions from S&Ls. Two deep recessions, the creation of the rust belt, the massive export of union jobs and one severe market crash under Reagan were signs that things were about to get worse, much worse. Workers and consumers had to pay the $150-billion-dollar cost when S&L’s failed.

          George Bush1 deregulated electric utilities and led the war to make the world safe for western oil companies.

          Then came Bill Clinton, that Dixiecrat in sheep’s clothing. He continued energy sector deregulation, cutting safety regulations that caused the Exxon Valdez disaster on March 24th and allowed Enron to explode it prices and fail, in the process creating brownouts and blackouts, especially in California. Clinton deregulated the phone industry leading to attacks on unions and service cuts. Clinton gutted social services like welfare and added 100,000 cops and a vast new prison system to replace it.

          But Bill Clinton, who left the WH to become a gazillionaire, wasn’t done yet. He championed and signed NAFTA, another major union busting law and during his last year championed and signed the Republican law deregulating predatory lenders by repealing the Depression Era Glass-Steagall Act. The looter class, unleashed, entered a period of predatory financial assaults that wrecked the economy and created mass, permanent unemployment at depression levels. http://portalseven.com/employment/unemployment_rate_u6.jsp

          George Bush2, like Reagan before him led attacks on unions, cut taxes for the looter class and at every turn paved the way for their looting of the economy.

          TARP and other trillion dollar gifts to the looting class originated in the Bush2 administration but were continued and administered by Obama’s economic team to make the looters rich and working people poor. Obama, the worst union buster in decades led the drive to bust the UAW, cut wages salaries and benefits for federal workers and supports busting mail carriers unions. He continues to gift the rich with trillions, oversee the export of jobs with FTA, pursues wars of aggression and mass murder to make the world safe for BP and Haliburton and is committed to gutting the Bill of Rights.

          Trump will be just as bad.

  • Todd20036

    But… coal jobs aren’t back. And why can’t I get a job? Sure I don’t have a college degree, and sure I partied around while I should have been studying, but those Mexicans took away all the steel mill jobs.
    Which haven’t existed for a decade.
    Think they’ll blame Trump when the economy implodes?

    • OdieDenCO

      the Nazi playbook says no. militarization and invasion, cause it’s someone else’s fault.

    • Gustav2

      “Which haven’t existed for a decade.”

      Which started to go away in the 1980’s. Thanks Ronnie!

      • Droz
        • Bared Bear

          Henry Cavill’s beauty in that film was mesmerizing, But Michael Shannon had a special kind of sexy going on, too… in the skintight super-leotard thingie that he was condomed in. He was angry sexy.

    • kaydenpat

      No, Obama will always be their whipping boy.

    • The Return of Traxley

      They’re the same people in Metro Detroit (who abandoned the city and filled the blue-collar suburbs in the late 50s through the 70s because negroes) who are furious that they can’t get the 30 buck an hour union jobs in the auto plants that they expected would be there forever. They never gave any thought of training for another career. They never had an interest in higher education. Being a lifelong shopt rat suited them just fine. My cousins are perfect examples of this mindset.

      Today they hate unions and support Right to Work. They have no problem with CEOs grabbing tens of millions of dollars. They blame the Japanese, the Chinese, and the Mexicans for stealing their birthright. They don’t give much thought to advanced technology and robotics.

      Some of their complaints are valid. Globalization changed manufactoring forever. The big three failed miserably to recognize changing consumer preferences in the 70s and 80s and lost sales to German and Japanese auto firms. The UAW became self-serving and corruption ran rampant. Nearly all parties invloved share a portion of the blame.

      But rather than recognizing and accepting change, these folks hunkered down and demanded a return to what once was. They’ll vote for anyone who promises they’ll see the good old days once again, not realizing (hell, some don’t give a fuck as long as the black people stay in their place) they’re voting against everything that would improve their lives.

      They really are stupid.

      • Giant Monster Gamera

        My experience as well. Clinton did offer retraining and education and supporting businesses that would being new jobs to the region, but they didn’t want to hear it

      • Bill_Perdue

        Scab.

    • Anastasia Beaverhousen

      Coming from WV originally.. this is exactly true..
      “Where are the steel mills, where are the mines, where are the potteries? It’s not like it was in the 50”s and 60’s. My house is falling down, I can’t buy nice things…. ” and they call us whiners and snowflakes…

      • NancyP

        If Americans refused to buy foreign made goods, this would not have happened. Time was, the US built the best mass market products in the world. (Yes, high end stuff made elsewhere may have been superior, but most people weren’t needing or intending to pay those prices – eg, BMW). Then came the first gas shortage in ~1973, and suddenly people noticed that the US didn’t make small fuel efficient “starter” cars. People bought foreign, especially VW, because there weren’t local options for this mass market item. I still pick up an object in the store and look to see where it was made, but there really aren’t many Made in USA items anymore.

      • Jerry

        And glass factories…the northern half of the state used to be covered in glass factories. Even the chemical plants of Kanawha and Wood Counties are almost gone.

      • Bill_Perdue

        The workers who describe you as whining scabs are correct.

  • The rethugs will quickly take credit for it, just wait and see. And when the economy tanks under the Orange Menace you know who will get the blame, Obama and the dems…..fuck

    • kaydenpat

      But intelligent people won’t buy what they’re selling. President Obama did this country a lot of good. Let’s see how hard things will get under Trump.

      • Skeptical_Inquirer

        Unfortunately almost half the people in this country are not intelligent.

      • Chucktech

        But intelligent people won’t buy what they’re selling.

        That’s a rather convoluted way of saying “We’re fucked.”

      • Nope, but as we have found out from this election, the intelligent people are no longer in charge.

    • DesertSun59

      It will literally be impossible to point to any policy under Obama that would cause any crash. That’s because only Congress makes law and they’ve done nothing FOR the economy since they’ve been in power under Obama. If the rural rubes point to Obama and the media doesn’t immediately tell them to point to specifics AND if the media doesn’t point directly back to Drumpelthinskin, it will once again be the MEDIA who is the culprit – once again.

      • Very true, however, that hasn’t stopped the GOP in the past from blaming President Obama for things he had no hand in.

  • Gustav2

    Thanks Donald Trump!

    It is because he won the election!

    • Joe in PA

      You know it!

      A number of years ago when I lived in Virginia, the governor-elect ran on a promise of eliminating the personal property tax on cars. After he was elected and before he was sworn in (much less do anything about the tax) people were NOT paying that year’s tax. What? You mean I have to pay taxes on my car??? But..but…

      The stupid, it burns. 🙁

    • PeterC

      Trump did Not win the election; he won the Electoral Vote. BIG difference.

      • Gustav2

        That is winning the election according to the Constitution.

  • Enjoy it while it lasts, America.

  • bkmn

    And it will take Trump at least 2 months to double the unemployment rate.

    • Jeffg166

      The train wreck gets closer every day.

      • Bared Bear

        I keep hoping that we’ll have time to get out of the way before it runs over us all. But I know there’ll be casualties.

        • TuuxKabin

          Feels like we’re on board and it’s going too fast to jump off.

    • Frostbite

      You’re an optimist. I give it 2 weeks.

  • DesertSun59

    This is incredibly perfect. You see, the unemployment rate can only go up now. Dramatically. It will happen as Trump and his ‘generals’ devastate the economy. This cult rube supporters will never know what hit them.

    • Jeffg166

      Yes they will, it will be liberals who did this to them FOX tells them so.

    • Gene

      read my post below DesertSun59.
      It could all start to unravel as soon as this weekend in Italy…and probably will

  • Skeptical_Inquirer

    This just makes me want Bluexit, all the blue states leave due to their electoral votes being considered worth less than the others.

    And the below article particularly enrages me because even Trumpeteers don’t really expect much from their asshole.

    http://www.theatlantic.com/politics/archive/2016/12/many-of-trumps-own-supporters-dont-think-hell-fix-america/509240/

    “I doubt very much that he’s going to much of anything,” McCullough
    said. “I just wanted to see if there could be a change … I didn’t want
    the same thing that we’ve had for eight years. And I think that’s what
    was going to happen.”

    • Ninja0980

      Sad to say but along with everything else, Hillary was fighting the letter next to her name just like McCain was in 08, Bush Sr in 91 etc.
      Trying to do 12 years of the same party in the White House is close to impossible.

      • Chucktech

        Huh?? Poppy Bush had no problem with the “R” next to his name and he WAS, in fact, the 12 years of the same party in the White House.

        • Ninja0980

          The only time that has happened since FDR.
          Beyond that, nope.

        • Gerry Fisher

          I think the real head scratcher was in ’88. The stock market took a HUGE hit in ’87, but the public still didn’t want change. I think that it took a few years for the economic damage to ripple (I know that it didn’t really hit my company and industry until the early 90s), and it all led to a recession in ’91, making the American public push the “Change!” button at that time.

          • Chucktech

            Well, also, of course, America was still imbued with the visage of St. Ronnie and Poppy was the best they could do to keep that.

        • Acronym Jim

          I was looking at the Wikipedia list of Presidents because I was wondering what the ratio of 2-term vs 1-term Presidents have been historically compared to modern times. Then, at the bottom of the page, some completely unrelated information struck me across the face like a mis-timed fish at Pike Place Market.

          Trump is the ONLY president-elect in our nation’s history with NO PRIOR PUBLIC SERVICE. Even Washington had experience as leader of the Continental Army.

          I mean, I knew this already, but seeing it in print and in comparison with the prior service of EVERY other U.S. President, it really was shocking.

    • Gerry Fisher

      Is that pronounced “bloog-zit”? 😉

      • Skeptical_Inquirer

        Yeah, it is like becoming tired of chocolate cake then wanting to eat a week old rotting jack o lantern. I do not get it.

      • David L. Caster

        It’s Bellyfealing Amfasch.

  • safari
    • Bared Bear

      Rigging elections is easier than rigging actual warm bodies. I’m surprised they don’t have a collection of buses and paid actors to shuttle from rally to rally.

    • Skeptical_Inquirer

      He should try this a year from now, the crowds will be there but will be booing and protesting him.

      • Bared Bear

        I really hope so. I hope his inauguration is just one long BOO with chants of “LOCK HIM UP!”

        • safari

          I fully expect thrown shoes.

          • Bared Bear

            Maybe somebody will throw toy kitties. That’d be kinda funny.

  • bambinoitaliano

    Enjoy it while you can. It will be free falling come January.

    • Gerry Fisher

      I predict that it will take a little longer than that. Not a huge amount of time, though.

  • Silver Badger

    pence and his Legion of Doom will destroy the economy much quicker than bush did.

    • safari

      My mother likes Pence. She doesn’t know anything about him except that he’s “so quiet”.

      • Silver Badger

        Well, all I can say, is “Bless her pea pickin heart”. No offence intended to you safari.

        • safari

          None taken. She deliberately avoids news and politics unless it is some kind of murder mystery 48 hours episode or something.

      • Lionel Leston

        It’s always the quiet ones…

      • Cipher

        I am so angry about the VP debate. Don’t interrupt your opponent; allow him to fully explain his crazy and then succeed in arguing that he is wrong! Expose his crazy Evangelism. Expose his failures as a Governor.

        We got none of that. He was enabled to make a great impression.
        Sorry- venting is part of my therapy…

  • Ninja0980

    Trump and Pence will take care of that in a hurry.

    • Bared Bear

      Yeah. I can’t wait until geezer Joffrey and his whitewalker sidekick get a go at us. I like watching GOTs… but I’m really going to hate living in it.

  • Trump’ll fix that.

  • Bluto

    Worst president ever.

    • Chucktech

      The two worst presidents ever bracketing the finest president ever.

      • John30013

        Obama certainly has his flaws, and I don’t know that he will be considered the “best” we’ve ever had, but he will definitely rank very highly. And compared to his lead-in and follow-up acts, he’ll be seen as a giant.

  • Now we can watch in horror as the rate climbs back up to 9% as part of the Donald’s efforts to Make America Great Again™.

  • FAEN

    And what do you want to bet in 4 years it will be back to a 9 year high again. And of course to the racists it will all be President Obama’s fault.

  • boatboy_srq

    The most heartbreaking part of this is that this unemployment rate is still over 1% higher than it was in 2000, and the “jobless recovery” of 2002-04 still hasn’t been addressed. Obama has overseen a near -miracle – but W presided over two sequential economic disasters.

  • Mike__in_Houston

    Shit, that’s going to be nothing after Trump brings back all those $35/hour manufacturing jobs. Oh, wait…

  • Robert Adams

    And in 2020, unemployment will be at a 4 year high, or worse.

  • Marti386

    But….but…..we voted for the orange buffoon to save the economy. He was gonna create jobs…. o_0

    People are so fvcking stupid.

  • Gerry Fisher

    Even factoring in the underemployed and the “dropped out of the workforce,” this is really impressive. Please, history, record the proper credit before the inauguration.

    • John30013

      It’s a shame that the jobs being created are, by and large, lower wage, lower benefits positions, though. I see the average wage increased as well, but adjusted for inflation, most workers haven’t had an actual wage increase in decades.

  • Jean-Marc in Canada

    And like Bush, I suspect Trump will destroy any and all gains in a matter of months.

  • JIM W

    Thank you President Obama, but to listen to the media, it’s all because of President-Elect (I can’t even say his name). Giving a large corporation tax dollars to keep part of the jobs in the U.S. is classic cronyism. If President Obama had work the same deal the righties would have hauled out their ropes for a lynching.

  • Nic Peterson

    Best unemployment rates in 9 years, solid economic performance, reasonable fuel prices, movement toward a fully insured populous. The Donald is going to fix all of that, be sure of that.

  • MichaelJ

    With all due respect for the Obama Administration for sustaining one of the longest periods of economic expansion, particularly in light of Republican obstruction of policies to stimulate the economy, this fall in the unemployment rate not that impressive.
    The UR went down largely because unemployed people dropped out of the labor force–that is, they are no longer looking for work. People not in the labor force are not counted among the unemployed and therefore don’t enter into the calculation of the UR. The increase in the number of people employed this past month was 160,000, compared with 226,000 who dropped out of the labor force.

  • JCF

    “the show is over, say goodbye”

    https://www.youtube.com/watch?v=nxMVwvTXE_c

    Will ye no come back again? :-(…

    Always love you, Mr President. <3

  • Gregory In Seattle

    And when unemployment skyrockets three years into Trump’s term — and there are no benefits to be had for people who are out of work — it will somehow, miraculously, be entirely Obama’s fault.

  • JellyDonut

    But Trump supporters want that to change! I see inflation and recession in our near future with unemployment eclipsing those of the Bush era

  • GreatLakeSailor