Flashback: Obama Mocks Trump For Suggesting He Can Bring Jobs Back … Guess What 235,000 Jobs Created in First Month of Trump Presidency
REMEMBER WHEN THIS FOOLISH PRESIDENT MOCKED TRUMP ABOUT CREATING JOBS?
Remember during the 2016 presidential campaign when Barack Obama mocked candidate Donald Trump for his ability to bring jobs back and create them. Like everything during the Obama years, it was all one big joke, made by Obama who could have cared less to have America employed or help the hard working men and women of America find a good paying job. Obama mocked Trump by saying, did he have a magic wand. Hmm, I guess Trump did have a magic wand and an answer. You Obama, had none.
Take a look at the ADP jobs numbers for February where 295,000 were created and the government jobs number of 235,000 jobs created. It would appear that President Trump knows exactly what he is doing and Obama did not have a clue. Obama wanted America to get used to no jobs growth stating that’s just the way it is and President Trump wants to Make America Great Again!!!
ITS NOT JUST A TRUMP BUMP, ITS TRUMP MAKING AMERICA GREAT AGAIN …
The jobs numbers are in for President Donald Trumps first full month in the White House and they are fantastic. The U.S. economy added 235,000 jobs in February and the unemployment rate at 4.7%. However, look for this number ti go back up as millions of people will get back into the work force as they see jobs are being created. During the 2016 campaign Donald Trump promoted jobs, jobs, jobs and it appears that he is coming trough on that promise creating an environment favorable to business and job growth. From CNS News, a record 152,528,000 Americans were employed in February, 447,000 more than in January, and the labor force participation rate went up, the Labor Department’s Bureau of Labor Statistics reported on Friday. Also, job gains for December and January were revised up by 9,000. December’s was revised to 157,000 from 155,000, and January’s to 238,000 from 227,000.
The U.S. economy added a robust 235,000 jobs in February, the Labor Department said Friday.
The unemployment rate ticked down to 4.7%. Unemployment peaked at 10% in 2009, after the financial crisis.
Economists say it will be a challenge for Trump to fulfill his promise to create 25 million jobs over the next 10 years. The unemployment rate is already very low, and many Baby Boomers have either retired or left the job market.
At least in his first full month, though, Trump is on pace to fulfill that promise.
Last year the economy averaged about 190,000 new jobs per month. The economy is showing other signs of strength: Consumer and business confidence is high and stocks are at record levels.
Wage growth continued showing signs of progress after persisting at a sluggish pace for years until 2016. Wages grew a solid 2.8% in February compared with a year ago.
The participation rate, which shows the share of working-age people in the labor force, increased to 63 percent, the highest since last March, from 62.9 percent. It has been hovering close to the lowest level in more than three decades.
The number of people out of the labor force, a figure repeatedly highlighted by Trump as a sign of economic malaise, fell by 176,000 to 94.2 million.
Sixty-three percent of Americans either held a job or actively looked for one in February, the highest participation rate in ten months.
The number Americans not in the labor force continued to drop, to 94,190,000 in February, 176,000 fewer than in January and well below the record of 95,102,000 set in December 2016.
And there’s more good news in the February jobs report, the first one to cover a full month of the Trump presidency:
According to BLS, the economy added 235,000 jobs last month and the February unemployment rate dropped a tenth of a point to 4.7 percent.
The 94,190,000 million people counted as not participating in the labor force in February includes millions of baby boomer retirees, students, the disabled, homemakers and others who do not work for various reasons.
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.
Pathetic May 2016 Jobs Report … Obama Economy Only Added 38,000 as Obama Touted the Economy is Great
WTF … 38,000 JOBS ADDED IN MAY … WAY TO GO BARACK!!!
The amazing economy that Barack Obama touted this past week in Indiana created a pathetic 38,000 jobs in May. And as the NY Post reports, it was even worse than that, if possible. 38,000 JOBS!!! This is a beyond unreal bad number as the experts predicted a modest gain of 150,000 jobs. OOPS! But do to the BS way the government calculates the unemployment rate, the unemployment rate fell to 4.7% from 5%. So for the uninformed, they think things are just grand. Even they they are unemployed and on welfare and food stamps. The fact of the matter is that the labor participation rate is at a record low, as a 94,708,000 Americans were not in the labor force in May, 664,000 more than in April. The labor force participation rate dropped two-tenths of a point to 62.6 percent.
The job market went ker-plop in May, which should send new college graduates to the beaches instead of gainful employment, and their tuition-paying parents to psychiatrists.
Let me get right to the bad news. And then I’ll give you even worse news, so you’d better pull up a beach chair.
The Labor Department reported on Friday that the nation’s economy added only 38,000 jobs in May.The experts expected a modest gain of 150,000 jobs, so the actual figure is like setting off a bomb at a gas station.
May’s gain was not only well below the consensus but much lower than the previous two months, whose figures were revised sharply downward. In total, there were actually 59,000 fewer new jobs in March and April than previously estimated.
But it gets even worse than that.
Of those 38,000 new jobs the government said were created in May, only 25,000 were in the private sector, which means that if it weren’t for the fact that governments somewhere found money to hire people, then growth would have been reduced by nearly a third.
When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce — some of them retiring and some just quitting because they can’t find work.
“By almost every economic measure, America is better off than when I came here at the beginning of my presidency,” President Obama told the people of Elkhart, Indiana three days ago. “We cut unemployment in half, years before a lot of economists thought we would.”
The unemployment rate in May dropped to 4.7 percent, BLS reported, less than half of its Obama-era high of 10 percent in October 2009.
But the labor force participation rate has deteriorated over Obama’s two terms.
When Obama took office in January 2009, shortly before the recession ended, the labor force participation rate was 65.7 percent. The following month, it reached an Obama-era high of 65.8 percent, and then it began its seven-year downward spiral, hitting 62.4 percent in September 2015, its lowest point since 1977.
The 62.6 percent participation rate in May 2015 compares with 62.8 in April and 63.0 in March. (BLS noted that the rate has declined by 0.4 percentage point over the past two months, offsetting gains in the first quarter.)
In May, according to the Labor Department’s Bureau of Labor Statistics, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 253,174,000. Of those, 158,466,000 participated in the labor force by either holding a job or actively seeking one.
The 158,466,000 who participated in the labor force equaled 62.6 percent of the 253,174,000 civilian noninstitutional population.
BARACK OBAMA, THE POVERTY PRESIDENT … IMAGINE THAT, MORE CHILDREN IN POVERTY TODAY THAN DURING 2008 RECESSION.
Since Barack Obama has become president, 3 million more children live in poverty, including an amazing number of black children. So much for the first black president changing the conditions for black American children, instead he has made matters worse. This is simply criminal, especially as this president has caused division among the races and promoted class warfare. Yet, Obama has done nothing to help the poor and those in poverty, even with his redistribution of wealth. There is a reason why Obama is known as the food stamp president. This is a kin to child abuse. Imagine what the MSM news headlines would be if a white Republican president had resided under such conditions for black and Hispanic children? Obama is simply an epic failure and will go down as the worst president in history.
But blacks and Hispanics continue to vote For Democrats in droves as their lives are made more miserable by their liberal agenda. If this same data occurred during the presidency of a Republican the media would be asking, why does the GOP hate children.
Ever since President Obama took office, the poverty rate among children has soared to 22 percent, with three million more children living in poor conditions, according to an authoritative new report released Tuesday.
The 2015 “KIDS COUNT” report from the Annie E. Casey Foundation said that the percentage of children living in poverty jumped from 18 percent in 2008, the year Obama was elected, to 22 percent in 2013. It added that the rate dropped from 2012 to 2013, in line with the improving economy.
• The child poverty rate among African Americans (39 percent) was more than double the rate for non-Hispanic whites (14 percent) in 2013.
• In 2013, three in 10 children (22.8 million) lived in families where no parent had full-time, year-round employment. Since 2008, the number of such children climbed by nearly 2.7 million.
• Roughly half of all American Indian children (50 percent) and African-American children (48 percent) had no parent with full-time, year-round employment in 2013, compared with 37 percent of Latino children, 24 percent of non-Hispanic white children and 23 percent of Asian and Pacific Islander children.”
More from USA Today ... So much for the war on poverty.
“The fact that it’s happening is disturbing on lots of levels,” said Laura Speer, the associate director for policy reform and advocacy at the Casey Foundation, a non-profit based in Baltimore. “Those kids often don’t have the access to the things they need to thrive.” The foundation says its mission is to help low-income children in the U.S. by providing grants and advocating for policies that promote economic opportunity.
The report examined data from several federal agencies ranging from 2008 to 2013 to assess state-by-state trends of 16 factors of children’s well-being, including economics, education, health and family and community. It found that one in four children — a total of 18.7 million kids — lived in low-income households in 2013; low-income families were defined as those who use more than 30% of their pre-tax income for housing.
The report also examined racial disparities between children living in low-income households. Black, Hispanic and American Indian children were more than twice as likely to live in poverty than white children, the report said.