OBAMACARE IS A JOBS KILLER … HAS COST ABOUT 250,000 JOBS.
It is not a matter whether or not Obamacare has to be repealed, we have no choice. Obamacare is a lie when it comes to healthcare coverage and it is a jobs killer. Democrats have whined that Americans will lose healthcare coverage if Obamacare is repealed. Honestly America, we have no choice but to rid ourselves of this terrible law. It was not only a lie to the American people by Barack Obama, but a major jobs killer. We can’t afford to continues with this ironically named Affordable Healthcare Act when it is all but and in a death spiral. Thanks to Obama and the Democrat party, the hiring the 50th full-time employee effectively costs another $70,000 a year on top of the normal salary and benefits. Also, as Instapundit reminds us, it doesn’t save lives either.
In partnership with the Mercatus Center at George Mason University, in March 2017 I was able to commission Hanover Research to survey small businesses nationwide regarding their hiring and compensation practices. The result was a sample of 745 small businesses, representing every major industry and together employing almost 50,000 people.
We asked managers (almost evenly divided between Democrats and Republicans) how many people each business employed and whether it offers health insurance. Many businesses, when they do not offer coverage, keep their payrolls just below 50 full-time employees and thereby narrowly escape the ACA’s penalty. This pattern is not visible among businesses that offer coverage.
When we followed up, the businesses employing just fewer than 50 often said the ACA caused them to hire less and cut hours below the full-time threshold. The penalty caused payrolls to shrink or prevented them from growing.
Nationwide, we estimate the ACA-inspired practice of keeping payrolls below 50 has cost roughly 250,000 jobs. This does not count jobs lost when businesses close (we didn’t survey closed businesses) or shrink because of other ACA incentives.
The tally of lost jobs is bound to grow because the penalty itself automatically grows and the IRS is still learning how to enforce it.
THE TRUMP JOB TRAIN CONTINUES ON …
According to ADP and Moody’s Analytics, companies added 263,000 jobs for the month of March 2017. That was far above the 185,000 expected from economists surveyed by Reuters and also better than the 245,000 reported for February. For the second month in a row of the Trump presidency, there has been a jobs boom and its all about JOBS, JOBS, JOBS!!!
The year’s fast start for job creation showed no signs of letting up in March as private payrolls saw another big boost, according to a report Wednesday.
Companies added 263,000 jobs for the month, ADP and Moody’s Analytics said. That was well above the 185,000 expected from economists surveyed by Reuters and also better than the 245,000 reported for February.
The February number was revised significantly lower, however, from the originally reported 298,000.
In addition to the big gain on the headline number, the month also continued a trend away from services-oriented positions dominating job creation. Goods-producing firms contributed 82,000 to the total, as construction led the way with 49,000 new jobs.
“Job growth is off to a strong start in 2017,” Mark Zandi, chief economist of Moody’s Analytics, said in a statement. “The gains are broad-based but most notable in the goods producing side of the economy including construction, manufacturing and mining.”
The report comes amid hopes that President Donald Trump can deliver on his pro-growth agenda of lower taxes, less regulation and more infrastructure spending. Economic data points have been mixed lately, with sentiment surveys outpacing actual hard data of activity.
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.
JOBS, JOBS, JOBS … MAKING AMERICA EMPLOYED AGAIN!!!
As per CNBC, employment in the private sector went through the roof in February 2017 as 298,000 jobs were created!!! The market expectation was 190,000, a 91% increase. Welcome to the President Donald Trump “Making America Great Again” economy.
As I have stated in the past and will continue … what are Democrats, the LEFT and the MSM going to do and say when the Trump Administration succeeds for the American people? Do you really want to be on the erong side and look like you are trying to obstruct the economy and jobs? Good luck in 2018.
Companies added jobs at a blistering pace in February, with a notable shift away from the service-sector positions that have dominated hiring for years, according to a report Wednesday.
Employment in the private sector surged by 298,000 for the month, with goods producers adding 106,000, ADP and Moody’s Analytics said. Construction jobs swelled by 66,000 and manufacturing added 32,000.
The total shattered market expectations of 190,000, according to economists surveyed by ADP. The blockbuster report also solidified market expectations for the Fed to hike interest rates next week. Probability for an increase jumped to 91 percent after the release, according to the CME.
The year is off to a sizzling start for job creation, according to the ADP counts. January added 261,000 positions, a number that was revised upward from the originally reported 246,000.
“Confidence is playing a large role,” Mark Zandi, chief economist of Moody’s Analytics, told CNBC. “Businesses are anticipating a lot of good stuff — tax cuts, less regulation. They are hiring more aggressively.”