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.
MAGA: 72% of Blue Collar Workers are OPTIMISTIC About Future and 67% of Blue Collar Workers are HAPPY!!!
THE FORGOTTEN MEN AND WOMEN ARE HAPPY AND OPTIMISTIC UNDER PRESIDENT TRUMP …
A new survey of white and blue collar employees have provided some amazing results. 72% of blue collar workers and 76% of white collar workers are optimistic about their future. Also, 67% of blue collar workers state they are happy at their work. The 2016 presidential election victory by Donald Trump was a victory for the forgotten blue collar men and women of America. Blue collar workers are very optimistic about the future.
By many measures, America’s blue-collar workers are confronting a challenging present and uncertain future. The twin threats of outsourcing and automation show few signs of slowing, causing some pundits to question whether the American dream remains attainable for working-class families.
However, research suggests the outlook for white-collar professionals may also be less than rosy. Whereas blue-collar workers have actually enjoyed rising wages in recent months, white-collar professionals have seen their pay remain largely stagnant. Plus, large-scale surveys indicate office workers are feeling deeply disconnected from their work, leading to burnout and poor performance.
Keep this in mind for the upcoming 2018 midterm elections. It is not about what the MSM tells you or a skewed poll, it’s always about the economy.
ANOTHER ECONOMIC RECORD FOR THE TRUMP PRESIDENCY …
As reported at CNBC, the NFIB Small Business Optimism Index jumped to 108.8 last month, an all-time high. This is the highest level ever recorded in the survey’s 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan’s presidency. President Donald Trump is making good on his promise to “Making America Great Again.”
U.S. small business optimism surged to a record in August as the tax cuts and deregulation efforts of President Donald Trump and the Republican-led Congress led to more sales, hiring and investment, according to a survey by the National Federation of Independent Business.
The NFIB Small Business Optimism Index jumped to 108.8 last month, the highest level ever recorded in the survey’s 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan’s presidency. The August figure was up from a 107.9 reading in July.
The NFIB noted record readings for job creation plans and the amount of owners saying it was a good time to expand. Capital spending plans were the highest since 2007.
“Today’s groundbreaking numbers are demonstrative of what I’m hearing everyday from small business owners – that business is booming,” said NFIB President and CEO Juanita D. Duggan, in a press release Tuesday. “As the tax and regulatory landscape changed, so did small business expectations and plans.”
I guess Obama will take credit for this as well.
Another great jobs report courtesy of the Trump economy ….
As reported at CNBC, 201,000 jobs added to the U.S. economy in August as payroll and wage growth both beat expectations. Economists were predicting a 195,000 payroll gain. Jobs, jobs and more jobs added. Welcome to the Trump economy.
Long-awaited wage growth posted a recovery high in August while payroll gains beat expectations and the unemployment rate held near a generational low of 3.9 percent, according to a Bureau of Labor Statistics report Friday.
Average hourly earnings rose 2.9 percent for the month on an annualized basis, while nonfarm payrolls grew by 201,000. Economists surveyed by Reuters had been expecting earnings to rise 2.7 percent, payrolls to increase by 191,000 and the jobless level to decline one-tenth of a point to 3.8 percent.
The biggest contributor to job gains was professional and business services, which added 53,000. Heath care grew by 33,000, wholesale trade rose by 22,000, and transportation and warehousing contributed 20,000 to the total.
There also were 6,000 new mining jobs in a profession that has added 104,000 positions since October 2016, primarily in support activities.
Construction also grew by 23,000, though manufacturing lost 3,000 positions.
Average hourly earnings increased 10 cents for the month to $27.16.
DON’T LOOK NOW BUT TRUMP IS GOOD FOR MILLENNIAL JOBS ALSO …
In a WSJ article, Youth unemployment has hot a 52 year low. Youth unemployment is the unemployment of young people, defined by the United Nations as 16–24 years old. Many of these people for the past 8 years of Obama and final years of GWB have struggled to ever be employed. A 24 year old youth may have never been able to get a job due to the bad economy, restriction of jobs available and older individuals having to take positions that were once deemed high school jobs.
As stated at the WSJ, Americans between the age of 16 and 24 had its lowest midsummer jobless rate since 1966. This is what President Donald Trump’s “Make America Great Again” means. Individuals who have suffered previously, once again have a chance to grow and prosper. This youth unemployment low is in line with the record low unemployment rates for blacks, Hispanics, Asians and women. The economy is roaring and it is due to Trump cutting regulations, the Republican-Trump tax cuts and creating a table environment for business to flourish.