THE REAL ECONOMY IS JOBS, NOT THE STOCK MARKET ..
As reported at CNS News, a record 156,795,000 individuals are employed in USA, 13th Record-Breaker Under President Trump. America, don’t get confused and think the DOW is the economy, it is not. In fact, the FED has been adversely affecting the stock markets with their continuous threats of increasing interest rates. This never happened under Obama, in fact at one point there was almost negative interest in the US to prop up the Obama economy. The better the economy, JOBS, the more likely the Federal Reserves would increase interest rates and slow down growth and adversely affect the stock markets. Make no mistake about it, we are in a record breaking economy in the United States, the lies that has not been seen in 50 years. Too bad the liberal MSM would not accurately report on it.
The November employment report, released today by the Bureau of Labor Statistics, shows the economy added 150,000 jobs, well below the (revised) 237,000 added last month.
But the unemployment rate held steady at 3.7 percent for the third month in a row; and the number of employed Americans once again reached an all-time high of 156,795,000, the 13th record since Donald Trump became president.
Wages continued rising as well: In November, average hourly earnings for all employees on private nonfarm payrolls rose by 6 cents to $27.35. Over the year, average hourly earnings have increased by 81 cents, or 3.1 percent.
Among the major worker groups, the unemployment rates for adult men (3.3 percent), adult women (3.4 percent), teenagers (12.0 percent), Whites (3.4 percent), Blacks (5.9 percent), Asians (2.7 percent), and Hispanics (4.5 percent) showed little or no change in November.
The 5.9 percent unemployment rate for blacks matches the record low set in May. The November unemployment rate for Hispanics is just a tenth of a point higher than the record low of 4.4 percent.
On the negative side, the labor force participation rate remained stubbornly high.
In November, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 258,708,00. Of those, 162,770,000 participated in the labor force by either holding a job or actively seeking one.