DONALD TRUMP PRESIDENCY … PUTTING AMERICA BACK TO WORK AGAIN!
As reported at CNBC, the U.S. created 227,000 jobs in January, 2017. This is the first jobs report of the Donald Trump presidency and it is “HUUUGE.”The jobs number is much greater than the analysts expectations of 175,000 jobs. Also, according to the Bureau of Labor Statistics, the civilian labor force increased by 584,000 in January, and the labor force participation rate rose by 0.2 percentage point to 62.9%.
Nonfarm payrolls grew by 227,000 in January while the unemployment rate edged higher to 4.8 percent, the Bureau of Labor Statistics reported Friday.
Economists surveyed by Reuters expected payrolls to grow by 175,000, compared with 57,000 in December, and the unemployment rate to hold steady at 4.7 percent.
UPDATE I: Manufacturing Jobs Up, Government Jobs Down.
The United States gained 5,000 jobs in manufacturing in January while losing 10,000 in government, according to numbers released today by the Bureau of Labor Statistics.
In the one month from December 2016 to January 2017, manufacturing jobs rose from 12,336,000 to 12,341,000—for an increase of 5,000.
At the same time, government jobs dropped from 22,286,000 to 22,276,000—a decline of 10,000.
DONALD TRUMP HITS THE GROUND RUNNING TO CREATE ENVIRONMENT TO CREATE JOBS …
On Monday, President Donald Trump told business leaders he believes he can cut regulations by 75 percent or “maybe more.” What a huge difference between the over-regulation of business under the Obama administration. Trump went on to say there will be protective regulations, just not ones that also are job creation killers. Trump also stated that he is looking to cut taxes as well. Like him or not, Trump is running full speed ahead and doing what he said he would do for the people.
President Donald Trump told business leaders on Monday he believes he can cut regulations by 75 percent or “maybe more.”
At the White House with 10 senior executives, he repeated his campaign pledges to roll back corporate rules, arguing that they have “gotten out of control.” A White House spokesman did not immediately respond to a request to elaborate on which rules Trump will target or how the 75 percent was calculated.
“We’re going to be cutting regulation massively,” but the rules will be “just as protective of the people,” Trump told reporters at the meeting that included Tesla Motors CEO Elon Musk and Under Armour CEO Kevin Plank.
”What we want to do is bring manufacturing back to our country,” Trump said. “That doesn’t mean we don’t trade because we do trade. We want to make our products here.”
After the meeting, Dow Chemical CEO Andrew Liveris said the executives will come back in 30 days with suggested actions to boost American manufacturing.
Trump’s administration has already negotiated a deal with United Technologies for its Carrier unit to keep some jobs in Indiana rather than move them to Mexico, in exchange for $7 million in incentives over several years. Still, the company plans to shut down another Indiana facility and move hundreds of jobs to Mexico.
MAYBE IT WASN’T A SMART IDEA TO STOP SELLING TRUMP BRAND MERCHANDISE …
According to reports, Macy’s will be closing 68 stores and eliminating 10,000 jobs between now and mid-2017. The announcement was issued alongside an unfavorable earnings report, showing comparable store sales dipped 2.1% last quarter. This will leave only about 660 stores open in the United States. Obviously, the trend is to do on-line selling and will continue to be that way going forward. One has to wonder how much revenue was lost in the wake of the Macy’s decision to no longer carry Trump products. Seeing the outcome of the 2016 presidential election, one might call Macy’s business decision a “HUGE” mistake.
After seeing sales drop during the holidays, Macy’s said Wednesday it has either closed or will shutter 68 stores and cut an additional 6,200 positions at a time when shoppers are going online to buy everything from scarves to lipstick.
Of the 68 stores out of 730 in total, nine closings had been previously announced and three locations have already shut down. But the retail giant revealed the locations of the remaining 59 stores, which will be shuttered by the middle of this year and affect 3,900 employees, some of whom may be offered jobs at other locations.
Some of the stores are relatively new to the chain. The Macy’s store in the Eastland center in Columbus, Ohio, opened in 2006, and has 73 employees. Some, however, are historic or have been around for decades. Macy’s said it will shutter its store in downtown Minneapolis opened in 1902, where it has 280 employees.
Additionally the retail giant says that it will be cutting “layers of management” at its central operations, and paring the number of managers supporting stores, making up the bulk of 6,200 jobs that will be lost.
MAKING AMERICA AND UPSTATE NEW YORK GREAT AGAIN …
If Democrat strong-hold states like New York become areas for job growth under a Donald Trump presidency, look out. According to Yahoo News, Japanese electronics company Panasonic and U.S. electric car maker Tesla plan to begin production of solar cells at a factory in Buffalo, New York. Its all about jobs, jobs, jobs and putting America back to work again.
The two companies said they finalized an agreement calling for Tokyo-based Panasonic to pay capital costs for the manufacturing. Palo Alto, California-based Tesla made a “long-term purchase commitment” to Panasonic.
Their statement gave no financial figures.
The factory in Buffalo is under development by SolarCity Corp., a San Mateo, California-based solar panel company owned by Tesla. The photovoltaic cells and modules will be used in solar panels for non-solar roof products and solar glass tile roofs that Tesla plans to begin making, the announcement said.
Production is due to begin in mid-2017. Tesla said it will create 1,400 jobs in Buffalo, 500 in manufacturing and plans further expansion in Buffalo.
Panasonic also is to work with Tesla on next-generation technology, the companies said.
New York state has committed $750 million to build and outfit the plant at Buffalo’s RiverBend site, the centerpiece of Democratic Gov. Andrew Cuomo’s “Buffalo Billion” program to revitalize the upstate region’s largest city.
SolarCity has committed to investing $5 billion over 10 years in New York state, hiring almost 1,500 workers at the Buffalo plant for five years and employing at least 2,000 more people across New York in exchange for use of the state-owned plant.
Politico/Morning Consult Poll: 67% Give Favorable View of Donald Trump’s Carrier Deal to Save Nearly 1000 American Jobs from Moving to Mexico
THIS SHOULD COME AS A NO DAH POLL, BUT SADLY THERE ARE THOSE WHO DISAGREE WITH SAVING AMERICAN JOBS ..
A recent Politico/Morning Consult poll shows that president-elect Donald Trump is getting very high marks for his negotiating with Carrier to save nearly 1000 American jobs from being sent to Mexico. 67% polled had a favorable onion of the action, which includes 87% of self-identified Republicans, 54% of independents and even 40% of Democrats. While many on the Left whine about the deal and some on the right in the “never Trump” crowd, an overwhelming majority approve. Saving jobs is always a good thing, especially with the manner is how this was done. With all due respect to Sarah Palin and those on the right, this was not crony capitalism. Carrier keeps some 800 jobs in Indiana that had been slated to go to Mexico in return for $7 million in state financial incentives. $7 million? That’s a piddence in the grand scope of things. Carrier looked to save $70-80 million with the move to Mexico. They did this deal because they know there is going to be a business man in the White House who is going to make America great again for business.
Donald Trump’s first major action as president-elect — the deal he and Vice President-elect Mike Pence struck last week with Carrier Corp. — is earning high marks from American voters, a new Politico/Morning Consult poll shows.
Voters surveyed overwhelmingly view Trump’s negotiations with Carrier — which resulted in about 1,000 manufacturing jobs at the heating, ventilation and air conditioning company remaining in Indiana rather than moving to Mexico — as an appropriate use of presidential prerogative. And a majority of voters say the Carrier deal gives them a more favorable view of Trump, though his overall favorability ratings were virtually unchanged from mid-November.
While some conservatives and conservative groups — including The Wall Street Journal’s editorial board and former vice presidential nominee Sarah Palin — have decried the Carrier deal as “crony capitalism,” the Politico/Morning Consult poll shows it’s a political winner for Trump. Sixty percent of voters say Carrier’s decision to keep some manufacturing jobs in Indiana, where Pence is still serving as governor, gives them a more favorable view of Trump. That includes not only 87 percent of self-identified Republicans, but also 54 percent of independents and 40 percent of Democrats.
Only 9 percent say it makes them view Trump less favorably, while 22 percent say it doesn’t have an impact either way.
At some point, some of you are going to have to stop whining about every thing this man does. I, especially mean those of you on the right. Its getting old and you sould like the Left. I am all for capitalism and free markets, but do not begin to tell me that this was a bad deal.