A TALE OF TWO ECONOMIES …
The comparison of the Donald Trump and Barack Obama economies can best be describes like a Tale of Two Cities, “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair.” Guess which one was which? Just look at the color codes numbers below that compare November of 2016 under Obama and November of 2017 under President Donald Trump. Even partisan Democrats can compare these numbers. Ever wonder why the liberal, bias media does not want to tout Trump’s accomplishments and continuously report on a Russian collusion story that does not exist? Because Americans are back to work, including Blacks and Hispanics. Under Obama in Nov. 2016. Black unemployment was at 8.1% and for Hispanics 5.7%. However, under Trump in Nov. 2017, Black unemployment is down to 7.3% and Hispanics at 4.1%. In Nov. 2017, manufacturing unemployment rate fell to a record low under Trump. The manufacturing sector added 31,000 jobs, while its unemployment rate fell to a record-low 2.6%. Under Obama, he claimed the manufacturing jobs were gone for good and many were lost on his watch.
For Barack Obama, he was the Food Stamp president. Donald Trump is the economic recovery president. Add the Stock market president too. The DOW is currently at 24,329.16. Remember when the foolish LEFT said on election night that the Stock market was going to crash because of a Trump election? How did that work out?
NOV 2017 (DONALD TRUMP)
Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.
Household Survey Data
The unemployment rate held at 4.1 percent in November, and the number of unemployed persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate and the number of unemployed persons were down by 0.5 percentage point and 799,000, respectively. (See table A-1.)
Among the major worker groups, the unemployment rate for teenagers increased to 15.9 percent in November. The jobless rates for adult men (3.7 percent), adult women (3.7 percent), Whites (3.6 percent), Blacks (7.3 percent), Asians (3.0 percent), and Hispanics (4.7 percent) showed little change.
The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.6 million in November and accounted for 23.8 percent of the unemployed. Over the year, the number of long-term unemployed was down by 275,000. (See table A-12.)
NOV 2016 (Barrack Obama)
The unemployment rate declined to 4.6 percent in November, and total nonfarm payroll employment increased by 178,000, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in professional and business services and in health care.
Household Survey Data
In November, the unemployment rate decreased by 0.3 percentage point to 4.6 percent, and the number of unemployed persons declined by 387,000 to 7.4 million. Both measures had shown little movement, on net, from August 2015 through October 2016.
Among the major worker groups, the unemployment rate for adult men declined to 4.3 percent in November. The rates for adult women (4.2 percent), teenagers (15.2 percent), Whites (4.2 percent), Blacks (8.1 percent), Asians (3.0 percent), and Hispanics (5.7 percent) showed little or no change over the month.
The number of job losers and persons who completed temporary jobs edged down by 194,000 to 3.6 million in November. The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.9 million and accounted for 24.8 percent of the unemployed. Over the past 12 months,the number of long-term unemployed was down by 198,000.
ANOTHER GREAT JOBS REPORT …
Making American jobs great again … There were 228,000 payrolls added in November, and the unemployment rate remained at a low 4.1% and Payrolls for September and October were revised higher by a combined 3,000 jobs. According to the Department of Labor,
The unemployment rate held at 4.1 percent in November, and the number of unemployed persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate and the number of unemployed persons were down by 0.5 percentage point and 799,000,
respectively. (See table A-1.)
Among the major worker groups, the unemployment rate for teenagers increased to 15.9 percent in November. The jobless rates for adult men (3.7 percent), adult women (3.7 percent), Whites (3.6 percent), Blacks (7.3 percent), Asians (3.0 percent), and Hispanics (4.7 percent) showed little change. (See tables A-1, A-2, and A-3.)
- Nonfarm payrolls grew by 228,000 in November and the unemployment rate held steady at 4.1 percent. Economists expected 200,000 new jobs and an unchanged headline rate.
- Wage growth again disappointed, with average hourly earnings up just 2.5 percent annualized, compared with estimates of 2.7 percent.
- Investors still expect the Fed to hike interest rates at its meeting next week.
Nonfarm payrolls rose by 228,000 in November while the unemployment rate held steady at 4.1 percent as the U.S. economy continues to hum along, the Labor Department reported Friday.
Economists surveyed by Reuters had expected nonfarm payrolls to grow by 200,000.
“The November employment data is largely as expected. For an expansion that began in mid-2009, no negative surprises are welcome,” said Mark Hamrick, senior economic analyst at Bankrate.com. “The lingering impacts of recent hurricanes and flooding have reverted back to relative calm in the statistics, meaning that this is a ‘cleaner’ number.”
The biggest November job gains came in professional and business services [46,000], manufacturing [31,000] and health care [30,000]. In total, goods-producing occupations rose by 62,000. Construction saw a gain of 24,000, almost all of which were specialty trade contracts, a profession that has added 132,000 jobs over the past year.
Heading into the holiday season, retail jobs also grew by 18,7000.
ADP Services Reports Private payrolls increased by 190,000 in November, 2017 … Manufacturing Had its Best Month of the Year with 40,000 New jobs
DONALD TRUMP IS MAKING JOBS GREAT AGAIN IN AMERICA …
Manufacturing had its best month of the year with 40,000 new jobs!!! Trump is doing what Obama said was impossible. He is bring back manufacturing jobs. Maybe the liberal MSM would like to report this. It is amazing what has gone on in the economy and the stock market since Trump has wo the presidency. Too bad the media and Democrats couldn’t provide credit where credit is due.
Surge in manufacturing jobs causes private payrolls to rise more than expected in November
- Private payrolls increased by 190,000 in November, ahead of analyst expectations of 185,000 but less than the 235,000 in October.
- Manufacturing had its best month of the year with 40,000 new jobs. Service-oriented industries grew by 155,000.
- Moody’s economist Mark Zandi says the jobs market is “red-hot” and there’s a danger it could “overheat” in 2018.
The manufacturing industry posted its best month of job gains all year, leading a better-than-expected rise in private payrolls during November.
Companies added 190,000 in the month as the economy seemed to return to normal following the violent hurricane season, according to the monthly report from ADP and Moody’s Analytics. The total was just above the 185,000 expected from economists surveyed by Reuters and below the 235,000 growth in October.
The manufacturing sector added 40,000 positions alone.
U.S. Economy Ddded 261,000 Jobs in October & Unemployment Rate at 4.1% (Update: Adjusted 92,000 Jobs Added in Aug & Sep)
PUTTING AMERICA BACK TO WORK AGAIN …
More strong jobs numbers have been reported for October 2017 as 261,000 jobs were added. Compare the job growth with what was going on in 2016. Add this to the GDP at 3% and we have an economy finally headed in the right direction.
Total nonfarm payroll employment rose by 261,000 in October, and the unemployment rate edged down to 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment in food services and drinking places increased sharply, mostly offsetting a decline in September that largely reflected the impact of Hurricanes Irma and Harvey. In October, job gains also occurred in professional and business services, manufacturing, and health care.
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) declined by 369,000 to 4.8 million in October. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find full time jobs. Over the past 12 months, the number of involuntary part-time workers has decreased by 1.1 million.
The U.S. economy added 261,000 jobs in October and the unemployment rate was 4.1 percent as labor conditions returned to normal following the storm-weakened September.
However, the number was considerably below Wall Street expectations of 310,000. The tick lower in the unemployment rate came against expectations it would hold steady at 4.2 percent.
In addition to the October growth, an initially reported decline of 33,000 for September was revised up to 18,000. August’s count also was revised up from 169,000 to 208,000.
Indeed, the biggest gain in employment came from the hospitality industry, with jobs at food and drinking establishments up by 89,000, reflecting a storm-related rebound. Professional and business services contributed 50,000 to the total while manufacturing added 24,000 and health care increased by 22,000.
In all, employment in the manufacturing sector has increased by 156,000 since President Donald Trump’s election in November 2016. Trump has made blue-collar growth a priority of his economic agenda.
ECONOMY BOOMING UNDER TRUMP … ADP: US Private Sector Jobs Soar … 235,000 Jobs Added in October 2017 vs 200,000 Expected & Worker Productivity Up & Manufacturing Surges in Midwest States
MAKING AMERICA GREAT AGAIN … PUTTING AMERICA BACK TO WORK AND OFF UNEMPLOYMENT.
As reported at CNBC, the number of private-sector jobs created in October 2017 rose to 235,000. That was more than expected and far more than October 2016. In terms of business size, job gains were spread evenly, with companies that have more than 500 employees hiring 90,000 while those with fewer than 50 added 79,000. Mark Zandi, chief economist of Moody’s Analytics, stated that “the job market has rebounded quickly following the devastating hit it took from Hurricanes Harvey and Irma.”
This is one of the many reasons why Donald Trump defeated Hillary Clinton. Trump had a plan for the economy, Hillary did not. The economy is booming in states like Minnesota and Iowa. The coal industry is making a come back. All this country needs is a real and legitimate tax relief plan for business and individuals, not just a tax shell game of moving taxes and it will light this already robust economy on fire.
The number of private-sector jobs created in October rose more than expected, with construction jobs surging in the wake of destructive hurricanes Harvey and Irma.
The ADP National Employment showed private-sector businesses added 235,000 jobs in the month. ADP was expected to show private employers added 200,000 jobs in October, up from 135,000 in September.
Goods-producing companies benefited strongly with 85,000 new jobs, 62,000 of which came from construction. Manufacturing also saw 22,000 positions added.
Overall, the service sector accounted for the bulk of the job creation, adding 150,000 jobs. Professional and business services added the most positions, up 109,000. Job losses were seen in the trade, transportation, and information sectors, as well as education.
UPDATE II: Manufacturing surges in Midwestern states.
Citing strong exports, hiring and faster ingredient deliveries, Midwest manufacturers reported their highest growth in four months in October, according to a widely watched economic report issued Wednesday by Creighton University.
Creighton’s Mid-America Business Conditions Index, which covers Minnesota and eight other central states, rose to 58.8 in October from 58.2 in September. It is the 11th consecutive month the index signaled strong economic growth for factories in the region.
Minnesota’s index fell to a still strong 56.3 in October from 59.4 in September as factories reported growth across nearly all measures. Any index above 50 indicates growth.
“Over the past 12 months, Minnesota expanded both durable and nondurable goods manufacturing. Gains were strong for food processors and medical equipment manufacturers,” said Ernie Goss, director of the Creighton Economic Forecasting Group.
For the nine-state region — Minnesota, the Dakotas, Iowa, Kansas, Missouri, Nebraska, Oklahoma and Arkansas — Goss found that factory employment, exports, inventories and confidence levels swelled significantly last month while new orders and sales remained strong.