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.
Rasmussen Poll: Daily Presidential Tracking Poll Friday 11/2 … Donald Trump at 51% … Jobs, Jobs, Jobs and Country Headed in Right Direction
PRESIDENT TRUMP AT 51% …
According to the most recent Rasmussen daily tracking poll, President Donald Trump is peaking just at the right time ahead of the 2018 midterm elections. Even though he is not on the ballot, what he has done in his first two years in office has been nothing short of miraculous and unrepresented. Especially with regards to the U.S. economy. The October jobs number of 250,000 jobs created may just be a game changer for this Tuesday. Coupled with increased wages, historic all-time low Hispanic unemployment, the Labor Force Participation at 66.2%, up from 66.0% in September, a record number of individuals participating in Labor Force at 28,500,000 and the United States added 32,000 new manufacturing jobs in October, more than 1,000 every day, including holidays and weekends.
The Rasmussen Reports daily Presidential Tracking Poll for Friday shows that 51% of Likely U.S. Voters approve of President Trump’s job performance. Forty-seven percent (47%) disapprove.
The latest figures include 37% who Strongly Approve of the president is performing and 40% who Strongly Disapprove. This gives him a Presidential Approval Index rating of -3. (See trends)
Also, the polls are trending toward Trump and the amazing job he has done with the economy.
The latest Rasmussen Reports national telephone and online survey finds that 51% of Likely U.S. Voters give the president good or excellent marks for his handling of the economy. Thirty-three percent (33%) still rate his performance in this area as poor. (To see survey question wording, click here.)
The latest Rasmussen Reports national telephone and online survey finds that 30% of Likely U.S. Voters view Trump as the most important issue to their vote in the upcoming elections. The economy is most important for 22%, followed by 15% who rank illegal immigration that way and 14% who say the same of Obamacare.
43% Say U.S. Heading in Right Direction … This is an amazing number compared to the past, especially during the Obama years where it was in the mid to upper 20′s.
For the fourth week in a row, 43% of Likely U.S. Voters think the country is heading in the right direction, this time according to a new Rasmussen Reports national telephone and online survey for the week ending October 25.
This finding has been running in the 40s for most weeks this year after being in the mid- to upper 20s for much of 2016, President Obama’s last full year in office.
BOOM!!! 250,000 JOBS in OCTOBER, Far better than Expectations!!! 3% Wage Gain, FIRST TIME Since Recession!!! LOWEST Unemployment for Hispanics in History!!!
AMERICA … PRESIDENT TRUMP AND GOP CONGRESS MAKING AMERICA GREAT AGAIN!!!
Just ahead of the 2018 midterm elections we are presented with tremendous jobs news … 250,000 jobs were created in October and there was a 3% wage gain, the first time since the recession. The 250,000 jobs created smashed the 190,000 expectation. Over the past 12 months, job gains have averaged a solid 211,000. In a time where many economists have said we are fully employed, Trump and the GOP are creating even more jobs. From CNS News, 156,562,000: Record Employment for 12th Time Under Trump!!!
The unemployment rate held at 3.7 percent, the same as September, which is the lowest it’s been in decades — since the end of 1969. And the Hispanic unemployment rate, 4.4 percent, has never been lower. The unemployment rate for African-Americans, 6.2 percent, remained near the all-time low of 5.9 percent set in May.
AMERICA, WHY WOULD YOU RUIN A GOOD THING AND CHANGE THIS? WHY WOULD YOU PUT DEMOCRATS IN POWER? CAN YOU NOT STAND PROSPERITY?
- Nonfarm payrolls increased by 250,000 for October, well ahead of Refinitiv estimates of 190,000.
- Average hourly earnings increased by 5 cents an hour for the month and 83 cents year-over-year, representing a 3.1 percent gain, the best pace since 2009.
- The unemployment rate stayed at 3.7 percent, the lowest since December 1969.
Job growth blew past expectations in October and year-over-year wage gains jumped past 3 percent for the first time since the Great Recession, the Labor Department reported Friday.
Nonfarm payrolls powered up by 250,000 for the month, well ahead of Refinitiv estimates of 190,000. The unemployment rate stayed at 3.7 percent, the lowest since December 1969.
“The job market is doing remarkably well, particularly this late in the expansion,” said Jim Baird, partner and chief investment officer for Plante Moran Financial Advisors. “This report adds yet another data point to a narrative that has been positive for the labor market this year. Little seems to stand in the way of the economy finishing 2018 out on solid footing.”
The ranks of the employed rose to a fresh record 156.6 million and the employment-to-population ratio increased to 60.6 percent, the highest level since December 2008, according to the department’s household survey. That headline jobless number stayed level even amid a two-tenths of a percentage point rise in the labor force participation rate to 62.9 percent.
Those counted as outside the labor force tumbled by 487,000 to 95.9 million.
But the bigger story may be wage growth, which has been the missing piece of the economic recovery. Average hourly earnings increased by 5 cents an hour for the month and 83 cents year over year, representing a 3.1 percent gain. The annual increase in wages was the best since 2009.
Health care showed some of the biggest gains for the month, adding 36,000. Manufacturing contributed 32,000, thanks to a gain in durable goods and in particular transportation equipment, which added 10,000.
Construction also rose sharply, with an increase of 30,000 while transportation and warehousing jumped by 42,000.
In addition, leisure and hospitality was a strong contributor, with 42,000 new positions after being unchanged in September, due likely to Hurricane Florence, the government report said.
Professional and business services increased by 35,000, bringing its 12-month total gain to 516,000, and mining added 5,000.
TRUMP ECONOMY KEEPS ROARING …
As reported at CNBC, the U.S. economy grew at a faster-than-expected rate in the third quarter as inflation was kept in check and consumer spending surged, according to data released by the Commerce Department on Friday. The GDP rose to 3.5%, better than what economists had expected.
- Gross domestic product expanded by a 3.5 percent annual rate. Economists polled by Dow Jones expected the economy to expand by a 3.4 percent annual rate.
- The department said the PCE price index, a key measure of inflation, increased by 1.6 percent last quarter, much less than the 2.2 percent increase expected by economists polled by StreetAccount.
- Consumer spending, which accounts for more than two thirds of U.S. economic activity, grew by 4 percent in the third quarter, the strongest since the fourth quarter of 2014.
MAGA!! President Doanld Trump’s list of 289 Accomplishments in just 20 Months .., ITS TIME TO VOTE REPUBLICAN AND KEEP MAKING AMERICA GREAT AGAIN!!!
2018 MIDTERMS ARE A REFERENDUM ON TRUMP AND HE HAS DONE AN AMAZING JOB …
The 2018 midterm elections are a referendum on the amazing job that President Donald Trump has accomplished in just 20 months. The Washington Examiner has provided a list of 289 accomplishments of the Trump presidency and the continuous winning of the American people. America, are you tired of winning? If so, vote Democrat. Because what has been accomplished since the 2016 presidential election has been a product of Trump and the GOP. The Democrats, the LEFT and the MSM has done nothing but obstruct. You are witness to the best economy in a half century. For blacks, Hispanics and Asians, i has been the lowest unemployment rate in history. President Trump, with the aid of the GOP has done wonders. Take a look at all the accomplishments since the liberal MSM will never report the positive.
Most presidents and politicians just make promises to get elected. President Trump has come thru on his promises, now it is our turn to than him for is and the GOP’s hard word and continue to allow them to Make America Great Again, vote Republicans!!!
The Trump administration’s often overlooked list of achievements has surpassed those of former President Ronald Reagan at this time and more than doubled since the last tally of accomplishments after his first year in office, giving President Trump a solid platform to run for re-election on.
As Trump nears the two-year mark of his historic election and conducts political rallies around the country, during which he talks up his wins in hopes it will energize Republican voters, the administration has counted up 289 accomplishments in 18 categories, capped by the confirmation of Brett Kavanaugh to the Supreme Court.
They include 173 major wins, such as adding more than 4 million jobs, and another 116 smaller victories, some with outsize importance, such as the 83 percent one-year increase in arrests of MS-13 gang members.
“Trump’s successes in reducing the cost of taxes and regulations, rebuilding our military, avoiding wars of choice and changing the courts rival those of all previous Republican presidents,” said Grover Norquist, president of Americans for Tax Reform.
> Economic Growth
4.2 percent growth in the second quarter of 2018.
For the first time in more than a decade, growth is projected to exceed 3 percent over the calendar year.
4 million new jobs have been created since the election, and more than 3.5 million since Trump took office.
More Americans are employed now than ever before in our history.
Jobless claims at lowest level in nearly five decades.
The economy has achieved the longest positive job-growth streak on record.
Job openings are at an all-time high and outnumber job seekers for the first time on record.
Unemployment claims at 50 year low
African-American, Hispanic, and Asian-American unemployment rates have all recently reached record lows.
African-American unemployment hit a record low of 5.9 percent in May 2018.
Hispanic unemployment at 4.5 percent.
Asian-American unemployment at record low of 2 percent.
Women’s unemployment recently at lowest rate in nearly 65 years.
Female unemployment dropped to 3.6 percent in May 2018, the lowest since October 1953.
Youth unemployment recently reached its lowest level in more than 50 years.
July 2018’s youth unemployment rate of 9.2 percent was the lowest since July 1966.
Veterans’ unemployment recently hit its lowest level in nearly two decades.
July 2018’s veterans’ unemployment rate of 3.0 percent matched the lowest rate since May 2001.
Unemployment rate for Americans without a high school diploma recently reached a record low.
Rate for disabled Americans recently hit a record low.
Blue-collar jobs recently grew at the fastest rate in more than three decades.
Poll found that 85 percent of blue-collar workers believe their lives are headed “in the right direction.”
68 percent reported receiving a pay increase in the past year.
Last year, job satisfaction among American workers hit its highest level since 2005.
Nearly two-thirds of Americans rate now as a good time to find a quality job.
Optimism about the availability of good jobs has grown by 25 percent.
Added more than 400,000 manufacturing jobs since the election.
Manufacturing employment is growing at its fastest pace in more than two decades.
100,000 new jobs supporting the production & transport of oil & natural gas.
> American Income
Median household income rose to $61,372 in 2017, a post-recession high.
Wages up in August by their fastest rate since June 2009.
Paychecks rose by 3.3 percent between 2016 and 2017, the most in a decade.
Council of Economic Advisers found that real wage compensation has grown by 1.4 percent over the past year.
Some 3.9 million Americans off food stamps since the election.
Median income for Hispanic-Americans rose by 3.7 percent and surpassed $50,000 for the first time ever in history.
Home-ownership among Hispanics is at the highest rate in nearly a decade.
Poverty rates for African-Americans and Hispanic-Americans have reached their lowest levels ever recorded.
> American Optimism
Small business optimism has hit historic highs.
NFIB’s small business optimism index broke a 35 year-old record in August.
SurveyMonkey/CNBC’s small business confidence survey for Q3 of 2018 matched its all-time high.
Manufacturers are more confident than ever.
95 percent of U.S. manufacturers are optimistic about the future, the highest ever.
Consumer confidence is at an 18-year high.
12 percent of Americans rate the economy as the most significant problem facing our country, the lowest level on record.
Confidence in the economy is near a two-decade high, with 51 percent rating the economy as good or excellent.
> American Business
Investment is flooding back into the United States due to the tax cuts.
Over $450 billion dollars has already poured back into the U.S., including more than $300 billion in the first quarter of 2018.
Retail sales have surged. Commerce Department figures from August show that retail sales increased 0.5 percent in July 2018, an increase of 6.4 percent from July 2017.
ISM’s index of manufacturing scored its highest reading in 14 years.
Worker productivity is the highest it has been in more than three years.
Steel and aluminum producers are re-opening.
Dow Jones Industrial Average, S&P 500, and NASDAQ have all notched record highs.
Dow hit record highs 70 times in 2017 alone, the most ever recorded in one year.
> Tax Cuts
Biggest tax cuts and reforms in American history by signing the Tax Cuts and Jobs act into law
Provided more than $5.5 trillion in gross tax cuts, nearly 60 percent of which will go to families.
Increased the exemption for the death tax to help save Family Farms & Small Business.
Nearly doubled the standard deduction for individuals and families.
Enabled vast majority of American families will be able to file their taxes on a single page by claiming the standard deduction.
Doubled the child tax credit to help lessen the financial burden of raising a family.
Lowered America’s corporate tax rate from the highest in the developed world to allow American businesses to compete and win.
Small businesses can now deduct 20 percent of their business income.
Cut dozens of special interest tax breaks and closed loopholes for the wealthy.
9 in 10 American workers are expected see an increase in their paychecks thanks to the tax cuts, according to the Treasury Department.
More than 6 million of American workers have received wage increases, bonuses, and increased benefits thanks to tax cuts.
Over 100 utility companies have lowered electric, gas, or water rates thanks to the Tax Cuts and Jobs Act.
Ernst & Young found 89 percent of companies planned to increase worker compensation thanks to the Trump tax cuts.
Established opportunity zones to spur investment in left behind communities.