BOOM!!! 250,000 JOBS in OCTOBER, Far better than Expectations!!! 3% Wage Gain, FIRST TIME Since Recession!!! LOWEST Unemployment for Hispanics in History!!!
AMERICA … PRESIDENT TRUMP AND GOP CONGRESS MAKING AMERICA GREAT AGAIN!!!
Just ahead of the 2018 midterm elections we are presented with tremendous jobs news … 250,000 jobs were created in October and there was a 3% wage gain, the first time since the recession. The 250,000 jobs created smashed the 190,000 expectation. Over the past 12 months, job gains have averaged a solid 211,000. In a time where many economists have said we are fully employed, Trump and the GOP are creating even more jobs. From CNS News, 156,562,000: Record Employment for 12th Time Under Trump!!!
The unemployment rate held at 3.7 percent, the same as September, which is the lowest it’s been in decades — since the end of 1969. And the Hispanic unemployment rate, 4.4 percent, has never been lower. The unemployment rate for African-Americans, 6.2 percent, remained near the all-time low of 5.9 percent set in May.
AMERICA, WHY WOULD YOU RUIN A GOOD THING AND CHANGE THIS? WHY WOULD YOU PUT DEMOCRATS IN POWER? CAN YOU NOT STAND PROSPERITY?
- Nonfarm payrolls increased by 250,000 for October, well ahead of Refinitiv estimates of 190,000.
- Average hourly earnings increased by 5 cents an hour for the month and 83 cents year-over-year, representing a 3.1 percent gain, the best pace since 2009.
- The unemployment rate stayed at 3.7 percent, the lowest since December 1969.
Job growth blew past expectations in October and year-over-year wage gains jumped past 3 percent for the first time since the Great Recession, the Labor Department reported Friday.
Nonfarm payrolls powered up by 250,000 for the month, well ahead of Refinitiv estimates of 190,000. The unemployment rate stayed at 3.7 percent, the lowest since December 1969.
“The job market is doing remarkably well, particularly this late in the expansion,” said Jim Baird, partner and chief investment officer for Plante Moran Financial Advisors. “This report adds yet another data point to a narrative that has been positive for the labor market this year. Little seems to stand in the way of the economy finishing 2018 out on solid footing.”
The ranks of the employed rose to a fresh record 156.6 million and the employment-to-population ratio increased to 60.6 percent, the highest level since December 2008, according to the department’s household survey. That headline jobless number stayed level even amid a two-tenths of a percentage point rise in the labor force participation rate to 62.9 percent.
Those counted as outside the labor force tumbled by 487,000 to 95.9 million.
But the bigger story may be wage growth, which has been the missing piece of the economic recovery. Average hourly earnings increased by 5 cents an hour for the month and 83 cents year over year, representing a 3.1 percent gain. The annual increase in wages was the best since 2009.
Health care showed some of the biggest gains for the month, adding 36,000. Manufacturing contributed 32,000, thanks to a gain in durable goods and in particular transportation equipment, which added 10,000.
Construction also rose sharply, with an increase of 30,000 while transportation and warehousing jumped by 42,000.
In addition, leisure and hospitality was a strong contributor, with 42,000 new positions after being unchanged in September, due likely to Hurricane Florence, the government report said.
Professional and business services increased by 35,000, bringing its 12-month total gain to 516,000, and mining added 5,000.
LOWEST UNEMPLOYMENT RATE IN 49 YEARS …
As reported at CNBC, the unemployment rate fell two-tenths of a percentage point to 3.7% . This is the lowest since December 1969 and one-tenth of a percentage point below expectations. Nonfarm payrolls rose by 134,000. Also, August’s initial jobs count was revised up dramatically, from 201,000 to 270,000, while July’s numbers came up as well, from 147,000 to 165,000.
Job creation for September fell to its lowest level in a year though the unemployment rate dropped to a point not seen in nearly 50 years, according to Labor Department figures released Friday.
Nonfarm payrolls rose just 134,000, well below Refinitiv estimates of 185,000 and the worst performance since September 2017 when a labor strike weighed on the numbers. The unemployment rate fell two-tenths of a percentage point to 3.7 percent, the lowest since December 1969 and one-tenth of a percentage point below expectations.
PRESIDENT DONALD TRUMP .. MAKING AMERICA GREAT AGAIN!!!
As reported at The Politico, the Trump administration announced late Sunday night that the United States, Mexico and Canada have reached a deal to revamp the North American Free Trade Agreement. Another Trump promise to the American voters has been done. And once again it is good news for Americans and the U.S. economy. President Trump has done his part, now it it up to Congress to pass and make into law. Yet another reason to vote Republican in the 2018 midterm elections so to continue the Trump-GOP economic plan.
They said it couldn’t be done and Trump did it. Trump has fulfilled a huge campaign promise to the American workers. But I guess Obama thinks he should get credit for this too.
The new pact is a major step toward completing one of the president’s signature campaign promises.
Trade ministers from the U.S., Mexico and Canada have reached a deal to revamp the North American Free Trade Agreement, the Trump administration announced late Sunday night.
The new pact, which is being called the U.S.-Mexico-Canada Agreement, is a major step toward completing one of Trump’s signature campaign promises and gives the president a concrete policy win to tout on the campaign trail this fall. It also sets the stage for what is sure to be a high-stakes fight to get the agreement passed by Congress before it can become law.
U.S. Trade Representative Robert Lighthizer said in late August that officials are planning to sign with their Canadian and Mexican counterparts by the end of November — a date that would also satisfy Mexico, which is eager to have current President Enrique Peña Nieto sign the deal before his successor takes over Dec. 1.
“It’s a great win for the president and a validation for his strategy in the area of international trade,” a senior administration official said on a call with reporters late Sunday.
As stated at Town Hall, the economy is on a roll and it is due to President Donald Trump and the GOP, not obstructionist, resistance Democrats … So, let’s go down the checklist here. We’re cutting regulations, have opened a denuclearization dialogue with North Korea, created over 3 million jobs, boosted U.S. worker pay to its highest levels in 10 years, unemployment is at an 18-year low, consumer and small business confidence are record highs, and over three million workers received bonus checks of $1,000 or more because of the Trump tax cuts. Second quarter economic growth is at 4 percent. There are now more jobs than job seekers. The economy is booming.
Chairman of the Council of Economic Advisers Kevin Hassett Educates the White House Press As To Who and What Is Responsible for Amazing Economy
WANT TO LEARN WHO REALLY IS RESPONSIBLE FOR THE CURRENT THRIVING ECONOMY …
Watch the video below and you will see a masterful job by Chairman of the Council of Economic Advisers Kevin Hassett educate the liberal White House press as to when and where and who and why the economy is doing so well today. Unemployment is at 3.8%, we have had record low unemployment for Africa-Americans and Hispanics. Millions of jobs being created including manufacturing ones who Obama said would never return. Business and consumer confidence is up. Last quarters GDP was 4.2%. The DOW hit yet another record high today of 26,743.50, up 86.52.
Kevin Hassett goes through chart after chart showing the trend lines that distinctly indicate during who’s presidency the amazing gains have been made. Please watch. What is rather ironic is Obama is taking credit for things in the economy that he claimed would never happen again. President Trump has reversed many of the economy killing regulations.
Hey Barack Obama, you didn’t build it!
Remember when Obama mocked Donald Trump prior to the 2016 elections, stating the jobs were not coming back and how could he make such claims come true. Remember when Obama stated, what does he have a magic wand? It would appear he did Barack. It just goes to show just how clueless Obama was in the economy and job creation.
MORE AMAZING ECONOMIC NEW BROUGHT TO YOU BY THE TRUMP ECONOMY …
As reported at CNBC, the number of Americans filing for unemployment benefits fell last week, hitting near a 49-year low of 201,000. That is the lowest level since November 1969. The rate of layoffs in the U.S. have been declining for years and are now near the lowest levels in half a century.
This is why you elected Donald Trump president. He can only continue the amazing economy with a Republican, and more so Conservative Republican House and Senate.
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong.
Initial claims for state unemployment benefits fell by 3,000 to a seasonally adjusted level of 201,000 for the week ended Sept. 15, the Labor Department said on Thursday. That is the lowest level since November 1969. Data for the prior week’s claims was unrevised.
Economists polled by Reuters had forecast claims rising to 210,000 in the latest week.
The Labor Department said only claims for Hawaii were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, declined by 2,250 to 205,750 last week, the lowest level since December 1969.
America, wake up. Under President Donald J. Trump we have not seen these finds of economic numbers in half a century. This is historic. Unemployment benefit claims at record lows, black unemployment at record lows, Hispanic unemployment at record lows, a current unheard of 3.9% unemployment rate, 4.2% GDP last quarter and consumer and business optimism is through the roof. Trump has renegotiated NAFTA with Mexico for a better US deal and is about to do the same with Canada.
A note to Republicans, Independents and blue color, hard working Democrats … this is what you wanted! This is why you elected Donald Trump in 2016. Look what he has made possible in less than 2 years. If you want all this to come crashing down then by all means put the Democrats back in control in the House and Senate and watch the collapse of the economy. It is up to you to continue to Make America Great Again.