TRUMP ECONOMY ROARS … 313 JOBS ADDED IN FEBRUARY!!!
Via CNBC, the U.S. economy added a whopping 313,000 jobs in February smashing the 200,000 jobs estimated. Construction jobs lead the way with 61,000 followed by retail at 50,000, business services at 50,000, manufacturing with 31,000, financial activities with 28,000 and healthcare with 19,000. Even mining saw 9000 new jobs. There were also adjustments upward in the previous two months, December went from 160,000 to 175,000 while January saw a boost from the initially reported 200,000 to 239,000. The DOW jumped 200 points upon the fantastic jobs report. President Donald Trump’s economic vision is working for America and Making America great again! America, this is the Trump economy and it is his policies and visions, which are 180 degrees opposite of his predecessor that are making the difference. This would never had happened had Hillary Clinton won or will it continue to occur if Democrats seize control of power in either the House or Senate in 2018. The Resistance, eh? What exactly are Democrats, the LEFT and the MSM resisting? Prosperity?
The economy added 313,000 jobs in February, crushing expectations, while the unemployment rate remained at 4.1 percent, according to a Labor Department report Friday that could help quell inflation fears.
Economists surveyed by Reuters had been expecting nonfarm payroll growth of 200,000 and the unemployment rate to decline one-tenth of a percent to 4 percent.
A separate measure that takes into account those out of the workforce and the underemployed — sometimes referred to as the “real” unemployment rate — held steady at 8.2 percent.
Construction jobs led the way, with 61,000 new positions, followed by retail and professional and business services (50,000 apiece), manufacturing (31,000) and financial activities (28,000). Health care added 19,000 while mining saw 9,000 new jobs.
Investors were watching the report closely not only for clues about job growth but also whether wage pressures were continuing to build. Wage growth came in less than expected, rising 0.1 percent for the month and 2.6 percent on an annualized basis.
In addition to the big job growth, previous months’ counts were revised substantially higher. December went from 160,000 to 175,000 while January saw a boost from the initially reported 200,000 to 239,000. That brings the three-month average to 242,000.
Among the major worker groups, the unemployment rate for Blacks declined to 6.9 percent in February, while the jobless rates for adult men (3.7 percent), adult women (3.8 percent), teenagers (14.4 percent), Whites (3.7 percent), Asians (2.9 percent), and Hispanics (4.9 percent) showed little change. (See tables A-1, A-2, and A-3.)
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.
25,000 AND COUNTING …
Yesterday, the Dow Jones industrial average broke above 25,000 for the first time, tying the fastest 1,000-point move in its history. In the wake of strong jobs reports, the GOP Tax cut passage, strong consumer confidence and a low unemployment rate, the DOW surged 25,000. The nay sayers in the liberal media claimed Trump was going to be terrible for the economy and the stock markets. Guess who was wrong again?
The Dow Jones industrial average broke above 25,000 for the first time on Thursday, tying the fastest 1,000-point move in its history, following the release of stronger-than-expected jobs data.
“The Dow hitting 25,000 was a pretty wild idea even a year ago. And while its symbolically important, the real story is never just a number. It’s the underlying strength that is pushing markets this high,” said Steve Claussen, vice president of trader strategy at ETRADE.
UPDATE I: And its up again today another 86 at this moment.
And you thought 0.1% GDP was bad …
On Thursday the Commerce Department adjusted down the first quarter GDP, Gross domestic product, to – 1.0% for the first three months of 2014. The agency had initially last month estimated GDP grew at a 0.1% rate in the first quarter. Oops, missed it by that much. How’s that Obamanomics working out for you America? A recession is defined as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. However, because job wages have remained stagnant, if you have one, while food prices are up, gas prices are up and energy prices are up, most Americans feel that we are still in a recession.
The recovery that wasn’t. Of course the Obama folks are quick to point to the harsh winter weather for the downturn. Hmm, what happened to global warming? But what happened in the first quarter of 2014 … how about Obamacare enrollment?
The United States GDP shrank at an annual rate of 1.0 percent in the first quarter of 2014, according to the second estimate released by the Commerce Department. It is the worst performance in three years and comes lower than a preliminary estimated 0.1 percent expansion, due to a sharper fall in private inventory investment and a bigger trade deficit.
The downturn in the percent change in real GDP primarily reflected a downturn in exports, a larger decrease in private inventory investment, and downturns in nonresidential fixed investment and in state and local government spending that were partly offset by an upturn in federal government spending.
The price index for gross domestic purchases, which measures prices paid by U.S. residents, increased 1.3 percent in the first quarter, 0.1 percentage point less than in the advance estimate; this index increased 1.5 percent in the fourth quarter. Excluding food and energy prices, the price index for gross domestic purchases increased 1.3 percent in the first quarter, compared with an increase of 1.8 percent in the fourth.
Remember when President Barack Obama spoke of the job recovery that was under way … Neither do most Americans!
During Barack Obama first State of the Union Address in 2009 he stated the following: “It’s an agenda that begins with jobs. As soon… As soon as I took office.” Instead he focused 100% on passing Obamacare against the will of the people.
According to the most recent CNN poll, not only is Barack Obama struggling with low job approval numbers and trust issues on Onamacare, with regards to the #1 issue facing Americas today, the economy, 59% things are going badly, only a mere 24% believe the economic recovery is under way. Exactly how long has Obama been making that promise? And instead of making jobs the number one issue, he goes out of his way to destroy jobs with over-regulation and his healthcare and energy agenda. Obamacare has caused business to fire individuals or reduce the jobs from full-time to part-time. An his energy policies are doing their best to destroy the coal industry in the United States.
Americans views on the state of the nation are turning increasingly sour, according to a new national poll.
And a CNN/ORC International survey released Friday also indicates that less than a quarter of the public says that economic conditions are improving, while nearly four in ten say the nation’s economy is getting worse.
Forty-one percent of those questioned in the poll say things are going well in the country today, down nine percentage points from April, and the lowest that number has been in CNN polling since February 2012.Fifty-nine percent say things are going badly, up nine points from April.
Besides an obvious partisan divide, which contributes to a urban-rural gap, the survey also indicates a difference of opinion between younger and older Americans.
So its not just Obamacare that Americans are dissatisfied with Barack Obama. It is coming from all directions and at some point it will reach the point of no return, if it already hasn’t.
Yea, imagine if we actually did what Obama promised and did oil exploration in the US and made dependency on Middle East oil a thing of the past. Imagine if we regulated less and allowed the American industrial machine to take off. Imagine if we allowed for increases in nuclear, clean coal, oil, natural gas and the dreaded fracking
Imagine what we could accomplish if we followed their example. Think about the America within our reach: A country that leads the world in educating its people. An America that attracts a new generation of high-tech manufacturing and high-paying jobs. A future where we’re in control of our own energy, and our security and prosperity aren’t so tied to unstable parts of the world. An economy built to last, where hard work pays off, and responsibility is rewarded.
The very small business jobs that Obama is touting are the very one’s that Obamacare is destroying.
But we have never measured progress by these yardsticks alone. We measure progress by the success of our people. By the jobs they can find and the quality of life those jobs offer. By the prospects of a small business owner who dreams of turning a good idea into a thriving enterprise. By the opportunities for a better life that we pass on to our children.
This recession has also compounded the burdens that America’s families have been dealing with for decades – the burden of working harder and longer for less; of being unable to save enough to retire or help kids with college. [Save enough? How are Americans supposed to save with the increase in energy costs, the price at the pump and high premium costs of Obamacare? Let along college ids can't get jobs.]
The plan that has made all of this possible, from the tax cuts to the jobs, is the Recovery Act. That’s right – the Recovery Act, also known as the Stimulus Bill. Economists on the left and the right say that this bill has helped saved jobs and avert disaster. But you don’t have to take their word for it. [Yea, how did that "Hopey-Changey" stimulus waste of tax payers money work out for you America?]
That is why jobs must be our number one focus in 2010, and that is why I am calling for a new jobs bill tonight.[What was his #1 focus, jobs or Obamacare?]
You don’t need to hear another list of statistics to know that our economy is in crisis, because you live it every day. It’s the worry you wake up with and the source of sleepless nights. It’s the job you thought you’d retire from but now have lost, the business you built your dreams upon that’s now hanging by a thread, the college acceptance letter your child had to put back in the envelope.
The impact of this recession is real, and it is everywhere. [Hmm, doesn't it sound like Barack is talking about the affects of Obamacare on families and businesses?]
Posted November 30, 2013 by Scared Monkeys
Barack Obama, CNN Opinion Research, Consumer Confidence, Economy, Energy, Epic Fail, Jobs, Labor Force, Misleader, Obamanation, Obamanomics, Oil, Over-Regulation, Politics, Polls, PT/FT Jobs, Recession, Restoring America, The Lying King, Unemployment, War on Coal, Wasteful Spending, We the People, Welfare State | one comment