UNEMPLOYMENT RATE FALLS TO 3.9%, BLACK UNEMPLOYMENT TO RECORD LOW OF 6.6% …
Yes, President Donald Trump is making America great again and in some cases making it greater than ever before. The Unemployment rate for April 2018 has fallen to 3.9%. This is a 17 and a half year low for the U.S. unemployment rate. The news was even better for minorities as the unemployment rate for black workers dropped to a record low 6.6%, beating the previous record low of 6.8% set in December. The jobless rate for Hispanics fell to 4.8%, tying the record reached last year and in 2006. This is tremendous news for America and troublesome for Democrats, the LEFT and the liberal MSM. Even as under the Trump administration minorities are making considerable gains in the work force, the miserable LEFT and MSM still manages to find the negative. Hmm, where were these people during the 8 yeas of Obama when blacks had double digit unemployment?
U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.
The Labor Department’s closely watched employment report on Friday also showed wages barely rose last month, which may ease concerns that inflation pressures are rapidly building up, likely keeping the Federal Reserve on a gradual path of monetary policy tightening.“
Fed officials can rest easy that there is not any wage-based inflation on the horizon,” said Chris Rupkey, chief economist at MUFG in New York. “There is no need to speed up the path of interest rates because inflation isn’t heating up in a worrisome manner.”
Nonfarm payrolls increased by 164,000 jobs last month, the Labor Department reported. Data for March was revised to show the economy adding 135,000 jobs instead of the previously reported 103,000. That was the fewest amount of jobs created in six months and followed an outsized gain of 324,000 in February.
But 236,000 people left the labor force in April, adding to the 158,000 who quit in March. The labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, fell to 62.8 percent last month from 62.9 percent in March. It was the second straight monthly drop in the participation rate.
Where was the LEFT and MSM calling out Obama during his 8 years for the difference between black and white unemployment? Instead, the miserable LEFT and MSM continue to be all things negative to Trump and put Obama op on high. Really, the numbers show that there is less of a disparage between blacks and whites under Trump. Both black and white unemployment has gone down about 0.6% since the November 2016 elections,; however, the difference is that these are historic lows for blacks. The majority of time during Obama, blacks witnessed double digit unemployment as there were a record number of individuals on food stamps. The fact of the matter is that if Trump was president in 2008-2016, blacks would have seen the benefits they see now, just that much sooner.
The LEFT and Democrats are freaking out that minorities are seeing record low unemployment and might just vote as the silent black and Hispanic voter with Trump and the GOP in 2018 and 2020.
THE TRUMP ECONOMY CONTINUES TO GROW JOBS …
ADP and Moody’s Analytics. reports that private payrolls rose by 235,000 in February, well above Wall Street estimates of 195,000. The United States has gone from Barack Obama, the food stamp president, to Donald Trump, the jobs president. Trump is definitely making America great again!
Job creation saw another powerful month in February, with companies adding 235,000 positions, ADP and Moody’s Analytics reported Wednesday.
The total again defied Wall Street expectations, as economists surveyed by Thomson Reuters were expecting payrolls to grow by 195,000. Growth actually decelerated slightly, as January posted an upwardly revised 244,000 from the initially reported 234,000.
February marked the fourth month in a row that private payrolls hit 200,000 or better.
“The job market is red hot and threatens to overheat,” Mark Zandi, chief economist at Moody’s, said in a statement. “With government spending increases and tax cuts, growth is set to accelerate.”
February saw broad-based gains that stretched across both the services and goods-producing sectors.
Leisure and hospitality led industry groups with 50,000 jobs, while professional and business services contributed 46,000 and trade, transportation and utilities added 44,000.
However, construction rose 21,000 and manufacturing notched 14,000 new positions. In all, goods-producing industries increased by 37,000 while all services-related businesses added 198,000.
Warren Buffett’s Annual Letter Says Berkshire Hathaway Received $29 Billion From New GOP-Trump Tax Code
BUFFET FOR AGAINST IT, BEFORE HE WAS FOR IT …
Warren Buffett, Chairman and CEO of Berkshire Hathaway, stated in his annual letter to Berkshire Hathaway investors that Berkshire Hathaway (BRKB) made a $65.3 billion net gain in 2017, but only $36 billion came from Berkshire’s operations and his brilliance. The other $29 billion came from the Republican-Trump tax cuts. Namely, the reduction in corporate tax rates. Imagine that 55.4% of Berkshire’s net gains came from Buffet’s efforts while 44.6% came from Trump and the Republicans. This from the man who backed Hillary Clinton and condemned the Trump policies on taxes. Oops, looks like the so-called Wizard of Omaha got that one 100% wrong. Every right thinking person without a political bias knew Trump was going to be good for the economy. Even the likes of Warren Buffet were wrong and tainted by their liberal bias.
It would appear that Donald Trump trumped Buffett.
Buffett told investors that Berkshire Hathaway (BRKB)made a $65.3 billion net gain in 2017 — but “only $36 billion came from Berkshire’s operations.”
The rest was a gift from the new U.S. tax code.
“A large portion of our gain did not come from anything we accomplished at Berkshire,” he wrote, adding that about $29 billion of that $65.3 billion gain came from changes to the tax law.
Buffett went on to extol Berkshire’s investing methods. Careful decisions and an aversion to debt and speculation has gotten the firm this far — and that’s the course it’ll stay on, he said.
But remember when Warren Buffet was against the Trump Tax plan? I am certain the Berkshire Hathaway investors are glad Trump went against the wishes of the individual they put all their trust in with their investments. I wonder who the investors of Berkshire Hathaway feel that the individual in charge of their investments cared more about politics than he did his fiduciary responsibility to their monies?
President Donald Trump’s tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the U.S. corporate rate.
With the White House and top Republicans in Congress already on the defensive over claims the plan would not cut taxes for many middle-class Americans, Buffett and BlackRock Chief Executive Larry Fink suggested in separate interviews that the corporate rate may not have to be cut as deeply as proposed.
“We have a lot of businesses… I don’t think any of them are non-competitive in the world because of the corporate tax rate,” Buffett, thechairmanand CEO of Berkshire Hathaway, told CNBC.
PRESIDENT DONALD TRUMP’S STATE OF THE UNION ADDRESS WAS A SMASHING SUCCESS … TRUMP IS MAKING AMERICA GREAT AGAIN!
According to a CBS News/YouGov poll that was taken following last nights State of the Union Address, an overwhelming 75% of those polled approved of President Donald Trump’s speech, while only 25% disapproved. The libs at CBS were not available for comment after the amazingly great poll ratings for Trump. Across the board, President Trump received stellar marks as compared to what the liberal MSM, Democrats and the LEFT has been spewing against him. When asked whether Trump should be given credit for the economy, 54% said a lot, 18% said some and 13% said a little. Only 15% said not much or none. Wait until the Trump-GOP tax cuts take affect and we shall see these numbers go even higher. Also, a remarkable 72% said the were in favor of Trump’s immigration plan.
Keep in mind while reading the poll results, according to the poll demographics, 52% were Trump supporters, 32% Trump opponents and 16% something in between. Also, 42% Republican, 25% Democrat and 33% Independent. Thus, there were a lot of Democrats and nearly most all Independents liked what President Trump was saying last night. An incredible 81% stated that the speech was trying to unite the country.
Three in four Americans who tuned in to President Trump’s State of the Union address tonight approved of the speech he gave. Just a quarter disapproved.
How did the speech make you feel?
Eight in 10 Americans who watched tonight felt that the president was trying to unite the country, rather than divide it. Two-thirds said the speech made them feel proud, though just a third said it made them feel safer. Fewer said the speech made them feel angry or scared.
Credit for the economy
And after hearing him speak tonight, 54 percent of speech watchers give him a lot of credit for the current state of the nation’s economy, up from 51 percent before they watched the State of the Union.
Hey Democrats, how are the November midterms looking?
2018 State of the Union Speech … President Trump States African American Unemployment Stands at the Lowest Rate Ever Recorded and Black Caucus Disgracefully Sits (VIDEO)
JUST HOW SCARED OF PRESIDENT TRUMP ARE BLACK POLITICIANS AND DEMOCRATS … HE IS PUTTING BLACK AMERICA BACK TO WORK AGAIN.
President Donald Trump is helping Make America Great Again for everyone. Trump’s economic visions does not discriminate. However, sadly the race-baitors in Washington, DC who would rather see their constituents continue to struggle, rather than Trump’s plan work. Fortunately that is not the case and Democrats look very petty and small.
Last night during President Donald Trump’s first State of the Union address, he provided a list of amazing economic accomplishments from his first year in Office, none more remarkable that black unemployment being at an all-time recorded low. President Trump stated, “And something I am very proud of, African-American unemployment stands at the lowest rate ever recorded.”
The reaction from the Democrat black caucus, crickets. Not one individual stood, of those that actually attended the SOTU. One individual, just one actually bothered to clap. UNBELIEVABLE. They could have cared less. This is leadership? Do you think this would have been the reaction to Barack Obama or Bill Clinton? Of course not. As stated at PJ Media, “Indeed, black unemployment reached a record low under President Trump. The fact that these black congressional leaders hold their hatred for Trump more precious than their celebration of success for their own community is telling.” These people are petrified that Trump is making inroads into the black community by taking them off the dependency of government welfare and providing them well-paying jobs. In the 2016 Trump received 8% of the black vote after being called a racist and white supremacist. That was dramatically up from 2012 and 2008. Look for the Democrats, LEFT’s, media’s and Congressional black caucuses worst nightmare to come true in 2020 … Trump will get double digits of black vote and break that Democrat wall too.