Black Unemployment Rate Falls to Record Low to 6.8%

MAKING AMERICA GREAT AGAIN FOR BLACKS AND JOBS …

As reported at CNBC, the Bureau of Labor Statistics reports that black workers had a 6.8 percent unemployment rate in December, the lowest in the 45 years the data has been tracked. This is HUGE!!! When President Donald Trump said he was going to “Make America Great Again,” he meant it for all Americans. The economy is now benefiting all Americans, including blacks. This is the Democrats worst nightmare. Who can blacks thank for this lowest ever unemployment? Donald Trump of course. It was not Barack Obama who created jobs for blacks, Obama actually failed blacks. It is actually Trump who will be better for blacks. Liberals and Democrats heads are spinning. Now the real question is, will blacks reward Trump for his amazing job in the 2020 elections? In 2016 Trump got 8% of the black vote,which was up from 2012 and 2008. If Trump gets double digit black votes, Democrats will lose their lock on this demographic forever.

Hat Making America GreAT again

Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data.

The black unemployment rate of 6.8 percent in December was the lowest since the Bureau of Labor Statistics started tracking it in 1972, a year in which the rate ranged from 11.2 percent to 9.4 percent. In the 45 years the data has been tracked, the unemployment rate for black or African-American workers aged 16 years and older has never fallen below 7 percent.

With all the negative race-baiting by the LEFT, Democrats and the media and hateful rhetoric against Donald Trump, who is it that has been putting them back to work?

BLS: Increased by 148,000 in December 2017 … Unemployment Rate Stays at 4.1%

From the  U.S. Bureau of Labor Statistics, total nonfarm payroll employment rose by 148,000 in December. Job gains occurred in healthcare, construction, and manufacturing. Although the number of jobs were lower than expected, the underlying numbers are good. The lower amount can be attributed to retail, as this is the day of the internet and on-line shopping, analysts will have to account for that in the future.

In December, the unemployment rate was 4.1 percent for the third consecutive month. The number of unemployed persons, at 6.6 million, was essentially unchanged over the month. Over the year, the unemployment rate and the number of unemployed persons were down by 0.6 percentage point and 926,000, respectively. (See table A-1.)

Among the major worker groups, the unemployment rate for teenagers declined to 13.6 percent in December, offsetting an increase in November. In December, the unemployment rates for adult men (3.8 percent), adult women (3.7 percent), Whites (3.7 percent), Blacks (6.8 percent), Asians (2.5 percent), and Hispanics (4.9 percent) showed little or no change. (See tables A-1, A-2, and A-3.)

Among the unemployed, the number of new entrants decreased by 116,000 in December. New entrants are unemployed persons who never previously worked. (See table A-11.)

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.5 million in December and accounted for 22.9 percent of the unemployed. Over the year, the number of long-term unemployed declined by 354,000. (See table A-12.)

The labor force participation rate, at 62.7 percent, was unchanged over the month and over the year. The employment-population ratio was unchanged at 60.1 percent in December but was up by 0.3 percentage point over the year. (See table A-1.)

So which business sectors fared well?

Total nonfarm payroll employment rose by 148,000 in December. Job gains occurred in healthcare, construction, and manufacturing.  Employment in health care increased by 31,000 in December. Employment continued to trend up in ambulatory health care services (+15,000) and hospitals (+12,000). Health care added 300,000 jobs in 2017, compared with a gain of 379,000 jobs in 2016.

Construction added 30,000 jobs in December, with most of the increase among specialty trade contractors (+24,000). In 2017, construction employment increased by 210,000, compared with a gain of 155,000 in 2016.

In December, manufacturing employment rose by 25,000, largely reflecting a gain in durable goods industries (+21,000). Manufacturing added 196,000 jobs in 2017, following little net change in 2016 (-16,000).

Employment in food services and drinking places changed little in December (+25,000). Over the year, the industry added 249,000 jobs, about in line with an increase of 276,000 in 2016.

United States Federal Government Cut 16,000 Jobs in 2017

THAT’S A GOOD START, BUT KEEP CUTTING

CNS News is reporting that the United States federal government cut 16,000 jobs in 2017. This trend needs to continue. The federal government has become too big and out of control. A once government of, by and for the people has now become one overwhelming the people. It is hard to imagine that the federal government employs 2,803,000 people. That number is greater than the population of 15 US states and the District of Columbia. However, one would think we should be able to reduce federal jobs by at least 1%. The federal government is out of control. With technology and innovation, one would presume that more jobs and redundant jobs could be eliminated. Since federal jobs have been cut, it is also time to cut spending in Washington, DC. This is hardly what The Founding Fathers had envisioned for the federal government.

The federal government employed 16,000 fewer people in December 2017 than it did in December 2016, according to data released today by the Bureau of Labor Statistics.

State governments employed 19,000 fewer people in December 2017 than they did in December 2016.

However, overall government employment in the United States increased by a net 42,000 during 2017 because of the 77,000 jobs added by local governments from December 2016 to December 2017.

The federal government in December 2016 employed 2,819,000 people, according to BLS. By December 2016, that had dropped to 2,803,000—a decrease of 16,000.

State governments in December 2016 employed 5,085,000 people. But, by December 2017, that had dropped to 5,066,000—a decrease of 19,000.

Local governments in December 2016 employed 14,395,000. By December 2017, that had climbed to 14,472,000—an increase of 77,000.

Posted January 5, 2018 by
Government, Jobs | no comments

DOW JONES Reaches Record High Over 25,000!!!

25,000 AND COUNTING …

Yesterday, the Dow Jones industrial average broke above 25,000 for the first time, tying the fastest 1,000-point move in its history. In the wake of strong jobs reports, the GOP Tax cut passage, strong consumer confidence and a low unemployment rate, the DOW surged 25,000. The nay sayers in the liberal media claimed Trump was going to be terrible for the economy and the stock markets. Guess who was wrong again?

donald_trump_-_make_america_great_again

The Dow Jones industrial average broke above 25,000 for the first time on Thursday, tying the fastest 1,000-point move in its history, following the release of stronger-than-expected jobs data.

“The Dow hitting 25,000 was a pretty wild idea even a year ago. And while its symbolically important, the real story is never just a number. It’s the underlying strength that is pushing markets this high,” said Steve Claussen, vice president of trader strategy at ETRADE.

UPDATE I: And its up again today another 86 at this moment.

Dow_Jones 010518

ADP: US Private Sector Added 250,000 Jobs in December 2017 vs. Estimate of 190,000

DONALD TRUMP ,,, MAKING AMERICA GREAT AGAIN!!!

As reported at CNBC, U.S.  Companies hired 250,000 new workers to close out the year in the month of December, well above Wall Street expectations of 190,000.But instead of concentrating on the amazing things that are taking place in the US, the liberal bias media would rather focus on a book and a perceived pissing contest between Steve Bannon and President Trump. Look around you America to the things that actually affect you. Today, in the wake of this jobs report The DOW will go over 25,000!!! And in February you will see the affects of the GOP tax cuts in your pay check. Keep you eye on the ball America, Trump is actually doing amazing things for us and making America Great Again.

jobs increase

Private sector job creation surged in December as a strong holiday shopping season pushed companies to hire more workers, according to a report Thursday from ADP and Moody’s Analytics.

Companies hired 250,000 new workers to close out the year, well above Wall Street expectations of 190,000. The month was the best for job creation since March and topped the 185,000 in November, a number that was revised lower by 5,000.

The total brought 2017′s private payroll growth as gauged by ADP and Moody’s to 2.54 million, an average of 212,000 a month.

Job growth was broad-based, as professional and business services led the way with 72,000 new positions. The education and health services sector was next at 50,000 and trade, transportation and utilities contributed 45,000. Wall Street-related payrolls grew by 19,000.

The information services sector was the only one to lose jobs, reporting a drop of 4,000.

By size, businesses with between 50 and 499 employees added 100,000 jobs while small firms hired 94,000 and large companies contributed 56,000 to the total.

“The job market ended the year strongly,” Mark Zandi, Moody’s chief economist said in a statement. “Robust Christmas sales prompted retailers and delivery services to add to their payrolls. The tight labor market will get even tighter, raising the specter that it will overheat.”

Overall, service-related companies were responsible for the balance of jobs, with 222,000 new hires. Goods-producing industries added the rest, with construction growing by 16,000 and manufacturing by 9,000.

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