U.S. Created 209,000 Jobs in July 2017 vs 183,000 Jobs Expected, Unemployment Drops to 4.3%

MAKING AMERICAN JOBS GREAT AGAIN!!!

The Trump  economy continues to move forward as 209,000 jobs were created in July, 2017. That is more than the expected 183,000 and also unemployment dropped to 4.3%, he lowest since March, 2001.  The number of employed people jumped by 345,000 to 153,513,000 in July, setting a third straight monthly record. Try and spin these numbers MSM. None of this would be happening had Hillary Clinton been elected. This is what Americans are concerned about, JOBS! Not Russia, jobs!

To Democrats, the LEFT, the MSM and establishment Republicans, try, just try and overturn an election by WE THE PEOPLE and see what happens. I dare you. The United States has a president that is doing things and creating an economic environment for the people and for some sick, selfish reason the individuals previously referenced are trying to present it. Trust me, keep up the BS and their will be a political judgment day.

July non-farm payrolls rise 209,000, unemployment rate ticks down to 4.3% from CNBC.

The U.S. economy added 209,000 jobs in July and the unemployment rate was 4.3 percent, according to a government report Friday.

Economists surveyed by Reuters had expected the report to show growth of 183,000 with the jobless rate ticking down to 4.3 percent, the lowest since March 2001. A more encompassing rate that includes discouraged workers and the underemployed was unchanged at 8.6 percent.

The number of employed Americans also hit a fresh new high at 153.5 million.

The closely watched wage number was unchanged from previous months, with average hourly earnings up 2.5 percent. The average work week also was unchanged at 34.5 hours.

Bars and restaurants provided the biggest boost for the month with 53,000 more positives, while professional and business services contributed 49,000, the Bureau of Labor Statistics said.

In addition to the strong July report, June’s 222,000 gain was revised up to 231,000 though May was cut from 152,000 to 145,000.

Record 153,513,000 Employed in July; 62.9% Labor Force Participation!!!

A few hours later, the Labor Department’s Bureau of Labor Statistics said the economy added 209,000 jobs in July; the number of employed people jumped by 345,000 to 153,513,000 in July, setting a third straight monthly record; the number of Americans counted as not in the labor force, meaning they don’t have a job and are not looking for one, dropped for a third straight month to 94,657,000; and the nation’s unemployment rate also dropped a tenth of a point, to 4.3 percent.

In July, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 255,151,000. Of those, 160,494,000 participated in the labor force by either holding a job or actively seeking one.

The 160,494,000 who participated in the labor force equaled 62.9 percent of the 255,151,000 civilian noninstitutionalized population.

In testimony before Congress in mid-July, Federal Reserve Chair Janet Yellen said the declining labor force participation rate among men of prime working age is a particular concern.

In July, BLS said the participation rate for men 16 and over was 68.9 percent, compared with 73.1 ten years ago and 75.0 percent 20 years ago.

Making the Stock Market Great Again … Dow 22,000 Watch is On!!!

IS THE MSM TELLING AMERICANS THE GOOD NEWS THAT THEIR 401K’S ARE THRU THE ROOF?

Don’t look now but under the Trump presidency, the DOW is about to hit a record high of 22,000. As of Friday’s closing, the Dow Jones Industrial Averaged wrapped up at an all-time closing high , ending the week up 1.2% higher. The Dow finds itself just 170 points away from hitting another psychological milestone: 22,000. Does anyone think this type of market reaction would have occurred under Hillary Clinton? Not a chance. Currently, it is at 21,891.12. Now if only this pathetic GOP establishment Congress and obstructionists Democrats would follow Trump’s lead and provide real tax reform, the economy and markets with burn red hot. Take a look at your 401K and rejoice!

22000

U.S. stock futures were setting up for a strong start to August. The Dow on Monday logged its 30th record high close of 2017, finishing about 108 points away from 22,000. The S&P 500 and Nasdaq were riding three session losing streaks. (CNBC)

July on Wall Street was the best month since February. The S&P 500 and Nasdaq gained nearly 2 percent and 3.4 percent, respectively. The Dow advanced about 2.5 percent for the month. August has not been very bullish this decade. (CNBC)

A largest driver of the Dow in recent weeks has been Boeing (BA). Shares of the U.S. aircraft maker gained nearly 22.8 percent in July, the best month since October 1982. Boeing has added more than 300 points to the Dow in the past month. (CNBC)

Democrats Launch Economic Agenda Ahead of 2018 Campaign … Better Deal, More like a RAW DEAL

IF ITS FROM DEMOCRATS, ITS NOT A BETTER DEAL, ITS A RAW DEAL …

After getting thoroughly whipped in the 2018 elections and proving no message to the American people except “resist” Trump, Democrats now claim they are going to launch a new economic agenda ahead of the 2018 midterm elections called … a Better Deal. WOW, did they stay up all night thinking about this one?  Who honestly thinks that Democrats believe or will provide this so-called “better deal?” This is just a lame attempt by Democrats to lie to the blue collar, working, middle class of America, naming in the blue-wall states of Pennsylvania, Michigan and Wisconsin that they lost in 2016. This is yet another attempt by Democrats to try and show that they have not become the Socialist party. With the stock market at all-time highs and jobs being created under Donald Trump, what are they talking about, a better deal? All the lame GOP controlled House and Senate has to do is pass real tax reform and the economy will heat up like never before.

The Democrats have long forgot the hard working, blue collar workers of America and they know it. No cute lie is going to work now. This is a completely contrived attempt to fool voters into thinking the Democrats actually side with workers. So to understand the Democrats, are they saying that the 8 years of Obama was an economic failure? Maybe Democrats should not have passed so may regulations that destroyed business.

Raw Deal

Democratic leaders in the House and Senate will unveil a broad economic agenda Monday, hoping to unite the disparate wings of their caucuses and win back working-class voters who fled the party last year.

The party’s messaging strategy is the culmination of months of internal meetings and polling after a disappointing 2016 election that left Democrats reeling and many complaining they had no message to offer the public other than being against President Donald Trump.

“The number one thing that we did wrong is we didn’t tell people what we stood for,” Senate Minority Leader Chuck Schumer (D-N.Y.) said Sunday on ABC’s “This Week.”

To fill that void, Democrats are adding pitches aimed at battling corporate overreach to an economic platform that already includes a trillion-dollar infrastructure plan and paid family leave. Party leaders are also proposing a new independent agency to oversee prescription drug prices similar to the Consumer Financial Protection Bureau launched by Sen. Elizabeth Warren as well as an independent “competition advocate” that would police corporate mergers.

Sorry Democrats, we know what your party is about, you ran a socialist in your Presidential primary who nearly won.

U.S. nonfarm Payrolls Job Total 222,000 in June 2017 vs 179,000 Expected

MAKING AMERICA GREAT AGAIN …  222,000 NEW JOBS IN JUNE!!!

As reported at CNBC, the U.S. economy added 222,000 new jobs in June and the unemployment rate held at 4.4%. This was much better than the 179,000 jobs that were expected. As Marketwatch stated, the 222,000 new jobs in June is showing that companies are still finding ways to add staff despite a growing shortage of skilled workers. Now, if only the GOP would get off their useless butts, follow Trump’s lead and actually pass tax reform, the economy will burn red hot. And when that happens, Trump can punch his ticket for 2018 and 2020.

Donald Trump thumbs up

The U.S. economy added a better-than-expected 222,000 new jobs in June and the unemployment rate held at 4.4 percent, according to a government report Friday.

Economists surveyed by Reuters had been expecting nonfarm payrolls growth of 179,000 and the unemployment rate to be 4.3 percent.

Wage growth, however, remained muted, with average hourly earnings rising 2.5 percent on an annualized basis, essentially unchanged from the previous month. On a monthly basis, the rise was 0.2 percent, which actually was a shade below the 0.2 percent expectation. The average work week edged higher, rising 0.1 hours to 34.5.

Health care was the biggest contributor, with 37,000 new positions, with professional and business services adding 35,000. Social assistance added 23,000, Wall Street-related jobs grew by 17,000 and mining — a focal point for the Trump administration — saw 8,000 new positions.

An alternative measure of unemployment that counts discouraged workers and those holding part-time positions for economic reasons — the underemployed — rose from 8.4 percent to 8.6 percent.

Jobs overall tilted to full-time positions, which grew by 355,000, while part-time fell by 224,000.

Posted July 7, 2017 by
Economy, Jobs, Unemployment | one comment

Obamacare is Not Just a Lie, Its a Job Killer

OBAMACARE IS A JOBS KILLERHAS COST ABOUT 250,000 JOBS.

It is not a matter whether or not Obamacare has to be repealed, we have no choice. Obamacare is a lie when it comes to healthcare coverage and it is a jobs killer. Democrats have whined that Americans will lose healthcare coverage if Obamacare is repealed. Honestly America, we have no choice but to rid ourselves of this terrible law. It was not only a lie to the American people by Barack Obama, but a major jobs killer. We can’t afford to continues with this ironically named Affordable Healthcare Act when it is all but and in a death spiral. Thanks to Obama and the Democrat party, the hiring the 50th full-time employee effectively costs another $70,000 a year on top of the normal salary and benefits.  Also, as Instapundit reminds us, it doesn’t save lives either.

Obama_dr2

In partnership with the Mercatus Center at George Mason University, in March 2017 I was able to commission Hanover Research to survey small businesses nationwide regarding their hiring and compensation practices. The result was a sample of 745 small businesses, representing every major industry and together employing almost 50,000 people.

We asked managers (almost evenly divided between Democrats and Republicans) how many people each business employed and whether it offers health insurance. Many businesses, when they do not offer coverage, keep their payrolls just below 50 full-time employees and thereby narrowly escape the ACA’s penalty. This pattern is not visible among businesses that offer coverage.

When we followed up, the businesses employing just fewer than 50 often said the ACA caused them to hire less and cut hours below the full-time threshold. The penalty caused payrolls to shrink or prevented them from growing.

Nationwide, we estimate the ACA-inspired practice of keeping payrolls below 50 has cost roughly 250,000 jobs. This does not count jobs lost when businesses close (we didn’t survey closed businesses) or shrink because of other ACA incentives.

The tally of lost jobs is bound to grow because the penalty itself automatically grows and the IRS is still learning how to enforce it.

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