BOOM!!! 223,000 Jobs Added in May, Unemployment Rate Down to 3.8% … Black Unemployment Rate Hits New Record Low at 5.9%!
DONALD TRUMP … MAKING THE ECONOMY GREAT AGAIN!!!
The May jobs numbers are in and they were HUGE! As reported at CNBC, total nonfarm payroll employment increased by 223,000 in May, compared to an expected 188K. Also, the underemployment rate is down to 3.8%. Even CNN is reporting that unemployment rate matches lowest point in half a century. Job gains came from retail (31,000), health care (29,000), construction (25,000), professional and technical services (23,000) and transportation and warehousing, which added 19,000. Manufacturing also contributed 18,000 and mining grew by 6,000. Wait, 18,000 jobs from manufacturing? I thought Obama said manufacturing jobs would never come back? This represents another strong jobs report for the Trump administration.
The U.S. economy continued to add jobs at a solid clip in May, with nonfarm payrolls up 223,000 while the unemployment rate was 3.8 percent, the Bureau of Labor Statistics reported Friday.
Economists had been expecting payroll growth of 188,000 and the jobless rate to hold steady at 3.9 percent.
The unemployment rate was last this low in April 2000. A separate level of unemployment that adds in discouraged workers and those holding part-time positions for economic reasons fell to 7.6 percent, the lowest since May 2001.
The closely watched average hourly earnings metric rose 0.3 percent, as expected. That translates to an annualized rate of 2.7 percent, up one-tenth of a point from April.
In addition to the better-than-expected payrolls for May, March’s count was revised up from 135,000 to 155,000 while April ended lower from 164,000 to 159,000, for a net gain of 15,000.
Job gains came from retail (31,000), health care (29,000), construction (25,000), professional and technical services (23,000) and transportation and warehousing, which added 19,000. Manufacturing also contributed 18,000 and mining grew by 6,000.
US economy adds 223K jobs in May
The unemployment rate for black workers hit new record lows in May, the Labor Department’s Bureau of Labor Statistics reported Friday.
Black unemployment fell sharply to 5.9 percent, beating out the 6.6 percent record low that was set a month earlier.
The unemployment rate for Hispanic workers hit a record low in April, at 4.8 percent, but it rose slightly to 4.9 percent in May.
UNEMPLOYMENT RATE FALLS TO 3.9%, BLACK UNEMPLOYMENT TO RECORD LOW OF 6.6% …
Yes, President Donald Trump is making America great again and in some cases making it greater than ever before. The Unemployment rate for April 2018 has fallen to 3.9%. This is a 17 and a half year low for the U.S. unemployment rate. The news was even better for minorities as the unemployment rate for black workers dropped to a record low 6.6%, beating the previous record low of 6.8% set in December. The jobless rate for Hispanics fell to 4.8%, tying the record reached last year and in 2006. This is tremendous news for America and troublesome for Democrats, the LEFT and the liberal MSM. Even as under the Trump administration minorities are making considerable gains in the work force, the miserable LEFT and MSM still manages to find the negative. Hmm, where were these people during the 8 yeas of Obama when blacks had double digit unemployment?
U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.
The Labor Department’s closely watched employment report on Friday also showed wages barely rose last month, which may ease concerns that inflation pressures are rapidly building up, likely keeping the Federal Reserve on a gradual path of monetary policy tightening.“
Fed officials can rest easy that there is not any wage-based inflation on the horizon,” said Chris Rupkey, chief economist at MUFG in New York. “There is no need to speed up the path of interest rates because inflation isn’t heating up in a worrisome manner.”
Nonfarm payrolls increased by 164,000 jobs last month, the Labor Department reported. Data for March was revised to show the economy adding 135,000 jobs instead of the previously reported 103,000. That was the fewest amount of jobs created in six months and followed an outsized gain of 324,000 in February.
But 236,000 people left the labor force in April, adding to the 158,000 who quit in March. The labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, fell to 62.8 percent last month from 62.9 percent in March. It was the second straight monthly drop in the participation rate.
Where was the LEFT and MSM calling out Obama during his 8 years for the difference between black and white unemployment? Instead, the miserable LEFT and MSM continue to be all things negative to Trump and put Obama op on high. Really, the numbers show that there is less of a disparage between blacks and whites under Trump. Both black and white unemployment has gone down about 0.6% since the November 2016 elections,; however, the difference is that these are historic lows for blacks. The majority of time during Obama, blacks witnessed double digit unemployment as there were a record number of individuals on food stamps. The fact of the matter is that if Trump was president in 2008-2016, blacks would have seen the benefits they see now, just that much sooner.
The LEFT and Democrats are freaking out that minorities are seeing record low unemployment and might just vote as the silent black and Hispanic voter with Trump and the GOP in 2018 and 2020.
JUST LIKE A SOCIALIST … PROPOSES IGNORANT SOCIALIST JOBS PROGRAM WHEN 14 STATES HAVE RECORDED RECORD ALL-TIME LOW UNEMPLOYMENT RATES …
As reported at The Hill, socialist Sen. Bernie Sanders of The People’s Republic of Vermont has announced a federal jobs proposal that would guarantee a job with at least a $15-per-hour wage and health benefits to every adult American “who wants or needs one.” UNREAL, just how would we pay for this socialist program? NOW? Jobs under the Trump administration are being created hand over fist. Capitalism seems to be working just fine. Fourteen states have recorded record low unemployment in the past year which begs the question, why would individuals need the government for a job, except to be kept dependent? If Americans want to work, they just need apply. But what else would one expect from a socialist but making individuals dependent upon government.
The senator is still in the early stages of crafting the plan, according to the Post, which would provide a job or required training for any American.
Sanders’s office has yet to release the details of the plan’s funding, but previous large-scale projects proposed by the Vermont progressive have involved ending tax breaks for the wealthiest Americans and large corporations.
The Vermont senator joins two other possible 2020 contenders, Sens. Kirsten Gillibrand (D-N.Y.) and Cory Booker (D-N.J.), who have also expressed support for similar proposals in recent weeks.
“The goal is to eliminate working poverty and involuntary unemployment altogether,” Darrick Hamilton, an economist at The New School, told the Post.
Maybe Bernie and his socialist friends might want to take a look at the failed Finland experiment … Finland’s basic income trial falls flat. This is what socialism looks like, failure.
The Finnish government has decided not to expand a limited trial in paying people a basic income, which has drawn much international interest.
Currently 2,000 unemployed Finns are receiving a flat monthly payment of €560 (£490; $685) as basic income.
“The eagerness of the government is evaporating. They rejected extra funding [for it],” said Olli Kangas, one of the experiment’s designers.
Some see basic income as a way to get unemployed people into temporary jobs.
The argument is that, if paid universally, basic income would provide a guaranteed safety net. That would help to address insecurities associated with the “gig” economy, where workers do not have staff contracts.
Supporters say basic income would boost mobility in the labour market as people would still have an income between jobs.
Finland’s two-year pilot scheme started in January 2017, making it the first European country to test an unconditional basic income. The 2,000 participants – all unemployed – were chosen randomly.
But it will not be extended after this year, as the government is now examining other schemes for reforming the Finnish social security system.
TRUMP: MAKING AMERICA GREAT AGAIN FOR ALL …
As reported at The Hill, 14 U.S. states have set record low unemployment rates in the past year during Donald Trump’s presidency. It is an amazing accomplishment as President Trump has made America great again for all. The unemployment lows span the ideological gamut, from conservative Texas to liberal California, from solid red Mississippi to blue Maine and from lefty Oregon to conservative Arkansas. Trump’s economic plan is good for all, not just one party. All have benefited. Like him or not, Trump has brought the jobs back and with the tax cuts, that not one Democrat voted for, has not only provided workers with more of their own money, but also allowed companies to grow and hire. Between the Trump-GOP tax cuts, the elimination of burdensome regulations and providing a positive business environment, the American economy is burning red hot.
Fourteen states have set new records for low unemployment rates in the last year, nearly a decade after the recession put millions of Americans out of work.
The states hitting new unemployment lows run the ideological gamut, from conservative Texas to liberal California, suggesting a recovery stronger than any particular political persuasion.
In March, eight states saw new record lows, including Hawaii (2.1 percent), Idaho (2.9 percent), Kentucky (4 percent ), Maine (2.7 percent), Mississippi (4.5 percent), Oregon (4.1 percent) and Wisconsin (2.9 percent).
California also set a new record last month.The Golden State’s unemployment rate stands at 4.1 percent, according to the Bureau of Labor Statistics (BLS). That’s the lowest rate recorded since BLS began keeping track of state-level unemployment figures in 1976, and it’s a third of the 12.3 percent unemployment rate California notched at the height of the recession in December 2010.
Colorado’s unemployment rate is just 2.6 percent, among the lowest in the nation, and a third of the 8.9 percent peak it hit in 2010.
In Alabama, just 3.7 percent of workers are unemployed. Arkansas reached a 3.6 percent unemployment rate last May, its lowest rate ever.
North Dakota set its own record last year. Texas hit a 3.9 percent unemployment rate in November, after peaking at 8.3 percent during the height of the recession. Tennessee fell to the lowest unemployment rate it has ever measured, 3.3 percent, in January.
Hawaii’s unemployment rate is the lowest in the nation, BLS said. Idaho, Iowa, Maine, Nebraska, New Hampshire, North Dakota and Wisconsin all have unemployment rates lower than 3 percent.
Under President Trump, blacks have also seen all-time low unemployment as well as Hispanics. But of course the partisan LEFT would never give Trump credit for it. The Left only touts Trump when there are negative stories. Many of the states that have seen record low unemployment are not ones that voted for Trump. This may pose a problem for Democrats in the 2018 and 2020 elections. There is no chance that liberal states like California or Oregon will ever vote for Trump, but they might just vote for their Republican U.S. Representative. However, states like New Hampshire, Colorado and Maine could be in play for the GOP.
American voters have a real choice in the 2018 midterm and 2020 elections … do you want to continue the great economic growth, jobs, low unemployment and revitalization of the US economy, or do you want to go back to the days of high unemployment, food stamps and dependence on government like under Obama?
TRUMP ECONOMY ROARS … 313 JOBS ADDED IN FEBRUARY!!!
Via CNBC, the U.S. economy added a whopping 313,000 jobs in February smashing the 200,000 jobs estimated. Construction jobs lead the way with 61,000 followed by retail at 50,000, business services at 50,000, manufacturing with 31,000, financial activities with 28,000 and healthcare with 19,000. Even mining saw 9000 new jobs. There were also adjustments upward in the previous two months, December went from 160,000 to 175,000 while January saw a boost from the initially reported 200,000 to 239,000. The DOW jumped 200 points upon the fantastic jobs report. President Donald Trump’s economic vision is working for America and Making America great again! America, this is the Trump economy and it is his policies and visions, which are 180 degrees opposite of his predecessor that are making the difference. This would never had happened had Hillary Clinton won or will it continue to occur if Democrats seize control of power in either the House or Senate in 2018. The Resistance, eh? What exactly are Democrats, the LEFT and the MSM resisting? Prosperity?
The economy added 313,000 jobs in February, crushing expectations, while the unemployment rate remained at 4.1 percent, according to a Labor Department report Friday that could help quell inflation fears.
Economists surveyed by Reuters had been expecting nonfarm payroll growth of 200,000 and the unemployment rate to decline one-tenth of a percent to 4 percent.
A separate measure that takes into account those out of the workforce and the underemployed — sometimes referred to as the “real” unemployment rate — held steady at 8.2 percent.
Construction jobs led the way, with 61,000 new positions, followed by retail and professional and business services (50,000 apiece), manufacturing (31,000) and financial activities (28,000). Health care added 19,000 while mining saw 9,000 new jobs.
Investors were watching the report closely not only for clues about job growth but also whether wage pressures were continuing to build. Wage growth came in less than expected, rising 0.1 percent for the month and 2.6 percent on an annualized basis.
In addition to the big job growth, previous months’ counts were revised substantially higher. December went from 160,000 to 175,000 while January saw a boost from the initially reported 200,000 to 239,000. That brings the three-month average to 242,000.
Among the major worker groups, the unemployment rate for Blacks declined to 6.9 percent in February, while the jobless rates for adult men (3.7 percent), adult women (3.8 percent), teenagers (14.4 percent), Whites (3.7 percent), Asians (2.9 percent), and Hispanics (4.9 percent) showed little change. (See tables A-1, A-2, and A-3.)