Trump Economy Keeps Roaring: 196,000 Jobs in March … Gain in Payrolls … Stock Market Approaching Record Highs
The Trump Economy Continues …
As reported at CNBC, Nonfarm payrolls expanded by 196,000 and the unemployment rate held steady at 3.8%. Also, Wall Street closed out another solid week of gains Friday as the stock market hit its longest winning streak in a year and a half. Coupled with the recent news of unemployment weekly claims at a 50 year low and we have Trump economy that is booming at Democrats play partisan, obstruction politics. America, who is working for you and who is just playing political games?
Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8%, the Bureau of Labor Statistics reported Friday.
That was better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end. The unemployment rate met expectations.
“With a strong March employment report now in the books, we’ve gotten some reassurance that the labor market is still strong,” said Steve Rick, chief economist at CUNA Mutual Group. “Of course, last month’s nosedive was disappointing, especially after December and January had such impressive numbers despite some sizable headwinds. But a good March report shows that February was more of an outlier than a canary in the coal mine.”
PRESIDENT TRUMP’S BEST YET … TRUMP BOXED DEMOCRATS INTO A MUST APPLAUD MOMENT …
Last nights State of the Union address by President Donald Trump was a thing of beauty. A masterfully written speech and delivered even better, although maybe about 15 minutes too long, was his finest hour. Trump had Democrats eating out of the palm of his hand and surprisingly cheering and applauding in certain moments and boxing Democrats into a terrible optic when not standing for the phenomenal economic data and calling for a law to end late term
In just over two years since the election, we have launched an unprecedented economic boom — a boom that has rarely been seen before.
We have created 5.3 million new jobs
and importantly added 600,000 new manufacturing jobs –something which almost everyone said was impossible to do, but the fact is, we are just getting started.
Wages are rising at the fastest pace in decades, and growing for blue collar workers, who I promised to fight for, faster than anyone else.
Nearly 5 million Americans have been lifted off food stamps.
The U.S. economy is growing almost twice as fast today as when I took office, and we are considered far and away the hottest economy anywhere in the world.
Unemployment has reached the lowest rate in half a century.
African-American, Hispanic-American and Asian-American unemployment have all reached their lowest levels ever recorded.
Unemployment for Americans with disabilities has also reached an all-time low.
More people are working now than at any time in our history — 157 million.
In all, President Trump owned the room and pointed out the state of our Union is fanatic. There has been bipartisan laws passed, however, if you were to listen to the 90% negative news coverage from the liberal main steam media, you might have learned things for the first time last night. Trump hit a gran slam.
TRUMP: “So let’s work together, compromise, and reach a deal that will truly make America safe. As we work to defend our people’s safety, we must also ensure our economic resurgence continues at a rapid pace. No one has benefited more from our thriving economy than women, who have filled 58% of the newly created jobs last year.”
TRUMP: “You weren’t supposed to do that. Thank you very much. Thank you very much. All Americans can be proud that we have more women in the workforce than ever before.
TRUMP: “Don’t sit yet. You are going to like this. And exactly one century after Congress passed the constitutional amendment giving women the right to vote, we also have more women serving in the Congress than at any time before.”
TRUMP: “That’s great.”
JOBS, JOBS, JOBS … Continuing to make America great again!!!
304,000 JOBS!!! The Trump economy continues despite all the nah saying from Democrats and liberal media. 304,00 jobs were created in January 2019 shattering expectations. Economists had predicted a gain of 170,000. Not even close. One has to wonder these days how they are predicting these estimates. Also , the Labor Force Participation at Trump-Era High of 63.2% in January. The labor force participation rate increased a tenth of a point to 63.2 percent, the highest it’s been on President Trump’s watch.
- Job growth in January shattered expectations, with nonfarm payrolls surging by 304,000, the Labor Department says.
- Economists surveyed by Dow Jones had expected payrolls to rise by 170,000.
- There were revisions. December’s big initially reported gain of 312,000 was knocked all the way down to 222,000, while November’s rose from 176,000 to 196,000.
- The unemployment rate ticked higher to 4 percent, a level where it had last been in June, a likely effect of the shutdown, according to the department.
Job growth in January shattered expectations, with nonfarm payrolls surging by 304,000 despite a partial government shutdown that was the longest in history, the Labor Department reported Friday.
The unemployment rate ticked higher to 4 percent, a level where it had last been in June, a likely effect of the shutdown, according to the department. However, officials said federal workers generally were counted as employed during the period because they received pay during the survey week of Jan. 12. On balance, federal government employment actually rose by 1,000.
Economists surveyed by Dow Jones had expected payrolls to rise by 170,000 and the unemployment rate to hold steady at 3.9 percent.
AMAZING JOBS REPORT …
Jobs, jobs, jobs … The U.S. gained 312,000 jobs in December 2018, shattering the market forecast of a 182,000 increase. The DOW jumped over 700 points on Friday after amazing, blockbuster job report and Fed rate fears ease. The unemployment rate is at 3.9% The fact of the matter is the US economy is great and only negative talk from the media and an irresponsible fed chair can destroy it. Manufacturing added 32,000 jobs in December. Remember when Obama said these jobs were never coming back? Think about this America, this is how good the Trump economy is, in the wake of a fully employed economy and after the fed has irresponsibly raised interest rates, jobs are still being created in massive numbers.
The U.S. gained 312,000 new jobs in December, capping off the biggest increase in hiring in three years and showing that second longest economic expansion in U.S. history still has plenty of staying power despite growing worries about a slowdown.
The surge in hiring was the largest since February. Economists surveyed by MarketWatch had forecast a 182,000 increase.
Hiring in November and October was also stronger than originally reported, the government said Friday.
Strong hiring has also given workers more bargaining power with their bosses. The amount of money the average worker earns climbed 11 cents, or 0.4% to $27.48 an hour last month.
What’s more, the increase in pay in the past 12 months rose to 3.2% from 3.1%, matching a post-recession high set earlier in the year.
Health-care providers hired 50,000 people, professional firms filled 43,000 positions, manufacturers added 32,000 jobs, construction firms beefed up payrolls by 32,000 and restaurants employed 41,000 additional workers.
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.