Weekly Jobless Claims in U.S. Plunge to Lowest Since 1973

DONALD TRUMP: MAKING AMERICA GREAT AGAIN ….

From Bloomberg News, The filings for unemployment benefits in the United States have fallen to the lowest level in almost 45 years. That is correct, the lowest since 1973.  What does this mean? Coupled with job growth, a soaring stock market, low unemployment and the Trump tax cuts … the US economy is on fire!!! Wake up America and start giving credit where credit is due, the economy has rebounded like this in one year because of the presidential election of Donald Trump.

jOBLESS rATE_011318

U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Thursday.

Key Takeaways

The drop in claims shows that companies are increasingly holding on to their employees amid a shortage of skilled labor. Businesses are struggling to find workers to fill positions, particularly in manufacturing and construction, as cited in some anecdotes for the Federal Reserve’s Beige Book released Wednesday.

The figures suggest the unemployment rate of 4.1 percent, already the lowest since 2000, could be poised to decline further. The latest week for claims includes the 12th of the month, which is the reference period for the Labor Department’s monthly employment surveys.

Quinnipiac University Poll Says Voters’ Perception of Economy at Record High

MAKING AMERICA GREAT AGAIN …

As reported at The Hill, according to a recent Quinnipiac University poll two-thirds of voters polled, 66%, stated that they would characterize the economy as “excellent” or “good.” Happy days are here again. This is the highest the poll has ever recorded. However, I have to say that there is a serious ignorance and derangement going on in this country. As per the poll, 49% say former President Obama is more responsible for the current economy, while 40% attribute the current economic state to President Trump. Are you people on crack?  One can only attribute stuff like this to the 24-7 negative news stories on Trump and the unwillingness to give him credit for anything. Folks, Trump has done away with thousands of Obama administration regulations, the stock market took off because “TRUMP” was elected and because the business actually see stability, not the uncertainly of the Obama years. Get a clue. I guess Obama and the Democrats were also responsible for the tax cuts as well? Stop kidding yourself and stop the lie … Trump was elected to turn America back around again to capitalism, not the socialist path we were going down under Obama.

donald_trump_-_make_america_great_again

Perceptions of the U.S. economy have reached a record high among voters, according to a new poll.

Two-thirds of voters polled, 66 percent, said in a Quinnipiac University poll released Wednesday they would characterize the economy as “excellent” or “good.” Quinnipiac noted that figure is the highest rating since it began asking the question in 2001.

Thirty-three percent, however, said they view the economy as “not so good” or “poor.”

A majority of voters, 73 percent, said they would characterize their own current financial standing as “excellent” or “good,” while 26 percent said their financial situation is “not so good” or “poor.”

Black Unemployment Rate Falls to Record Low to 6.8%

MAKING AMERICA GREAT AGAIN FOR BLACKS AND JOBS …

As reported at CNBC, the Bureau of Labor Statistics reports that black workers had a 6.8 percent unemployment rate in December, the lowest in the 45 years the data has been tracked. This is HUGE!!! When President Donald Trump said he was going to “Make America Great Again,” he meant it for all Americans. The economy is now benefiting all Americans, including blacks. This is the Democrats worst nightmare. Who can blacks thank for this lowest ever unemployment? Donald Trump of course. It was not Barack Obama who created jobs for blacks, Obama actually failed blacks. It is actually Trump who will be better for blacks. Liberals and Democrats heads are spinning. Now the real question is, will blacks reward Trump for his amazing job in the 2020 elections? In 2016 Trump got 8% of the black vote,which was up from 2012 and 2008. If Trump gets double digit black votes, Democrats will lose their lock on this demographic forever.

Hat Making America GreAT again

Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data.

The black unemployment rate of 6.8 percent in December was the lowest since the Bureau of Labor Statistics started tracking it in 1972, a year in which the rate ranged from 11.2 percent to 9.4 percent. In the 45 years the data has been tracked, the unemployment rate for black or African-American workers aged 16 years and older has never fallen below 7 percent.

With all the negative race-baiting by the LEFT, Democrats and the media and hateful rhetoric against Donald Trump, who is it that has been putting them back to work?

BLS: Increased by 148,000 in December 2017 … Unemployment Rate Stays at 4.1%

From the  U.S. Bureau of Labor Statistics, total nonfarm payroll employment rose by 148,000 in December. Job gains occurred in healthcare, construction, and manufacturing. Although the number of jobs were lower than expected, the underlying numbers are good. The lower amount can be attributed to retail, as this is the day of the internet and on-line shopping, analysts will have to account for that in the future.

In December, the unemployment rate was 4.1 percent for the third consecutive month. The number of unemployed persons, at 6.6 million, was essentially unchanged over the month. Over the year, the unemployment rate and the number of unemployed persons were down by 0.6 percentage point and 926,000, respectively. (See table A-1.)

Among the major worker groups, the unemployment rate for teenagers declined to 13.6 percent in December, offsetting an increase in November. In December, the unemployment rates for adult men (3.8 percent), adult women (3.7 percent), Whites (3.7 percent), Blacks (6.8 percent), Asians (2.5 percent), and Hispanics (4.9 percent) showed little or no change. (See tables A-1, A-2, and A-3.)

Among the unemployed, the number of new entrants decreased by 116,000 in December. New entrants are unemployed persons who never previously worked. (See table A-11.)

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.5 million in December and accounted for 22.9 percent of the unemployed. Over the year, the number of long-term unemployed declined by 354,000. (See table A-12.)

The labor force participation rate, at 62.7 percent, was unchanged over the month and over the year. The employment-population ratio was unchanged at 60.1 percent in December but was up by 0.3 percentage point over the year. (See table A-1.)

So which business sectors fared well?

Total nonfarm payroll employment rose by 148,000 in December. Job gains occurred in healthcare, construction, and manufacturing.  Employment in health care increased by 31,000 in December. Employment continued to trend up in ambulatory health care services (+15,000) and hospitals (+12,000). Health care added 300,000 jobs in 2017, compared with a gain of 379,000 jobs in 2016.

Construction added 30,000 jobs in December, with most of the increase among specialty trade contractors (+24,000). In 2017, construction employment increased by 210,000, compared with a gain of 155,000 in 2016.

In December, manufacturing employment rose by 25,000, largely reflecting a gain in durable goods industries (+21,000). Manufacturing added 196,000 jobs in 2017, following little net change in 2016 (-16,000).

Employment in food services and drinking places changed little in December (+25,000). Over the year, the industry added 249,000 jobs, about in line with an increase of 276,000 in 2016.

United States Federal Government Cut 16,000 Jobs in 2017

THAT’S A GOOD START, BUT KEEP CUTTING

CNS News is reporting that the United States federal government cut 16,000 jobs in 2017. This trend needs to continue. The federal government has become too big and out of control. A once government of, by and for the people has now become one overwhelming the people. It is hard to imagine that the federal government employs 2,803,000 people. That number is greater than the population of 15 US states and the District of Columbia. However, one would think we should be able to reduce federal jobs by at least 1%. The federal government is out of control. With technology and innovation, one would presume that more jobs and redundant jobs could be eliminated. Since federal jobs have been cut, it is also time to cut spending in Washington, DC. This is hardly what The Founding Fathers had envisioned for the federal government.

The federal government employed 16,000 fewer people in December 2017 than it did in December 2016, according to data released today by the Bureau of Labor Statistics.

State governments employed 19,000 fewer people in December 2017 than they did in December 2016.

However, overall government employment in the United States increased by a net 42,000 during 2017 because of the 77,000 jobs added by local governments from December 2016 to December 2017.

The federal government in December 2016 employed 2,819,000 people, according to BLS. By December 2016, that had dropped to 2,803,000—a decrease of 16,000.

State governments in December 2016 employed 5,085,000 people. But, by December 2017, that had dropped to 5,066,000—a decrease of 19,000.

Local governments in December 2016 employed 14,395,000. By December 2017, that had climbed to 14,472,000—an increase of 77,000.

Posted January 5, 2018 by
Government, Jobs | no comments

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