Chairman of the Council of Economic Advisers Kevin Hassett Educates the White House Press As To Who and What Is Responsible for Amazing Economy
WANT TO LEARN WHO REALLY IS RESPONSIBLE FOR THE CURRENT THRIVING ECONOMY …
Watch the video below and you will see a masterful job by Chairman of the Council of Economic Advisers Kevin Hassett educate the liberal White House press as to when and where and who and why the economy is doing so well today. Unemployment is at 3.8%, we have had record low unemployment for Africa-Americans and Hispanics. Millions of jobs being created including manufacturing ones who Obama said would never return. Business and consumer confidence is up. Last quarters GDP was 4.2%. The DOW hit yet another record high today of 26,743.50, up 86.52.
Kevin Hassett goes through chart after chart showing the trend lines that distinctly indicate during who’s presidency the amazing gains have been made. Please watch. What is rather ironic is Obama is taking credit for things in the economy that he claimed would never happen again. President Trump has reversed many of the economy killing regulations.
Hey Barack Obama, you didn’t build it!
Remember when Obama mocked Donald Trump prior to the 2016 elections, stating the jobs were not coming back and how could he make such claims come true. Remember when Obama stated, what does he have a magic wand? It would appear he did Barack. It just goes to show just how clueless Obama was in the economy and job creation.
MORE AMAZING ECONOMIC NEW BROUGHT TO YOU BY THE TRUMP ECONOMY …
As reported at CNBC, the number of Americans filing for unemployment benefits fell last week, hitting near a 49-year low of 201,000. That is the lowest level since November 1969. The rate of layoffs in the U.S. have been declining for years and are now near the lowest levels in half a century.
This is why you elected Donald Trump president. He can only continue the amazing economy with a Republican, and more so Conservative Republican House and Senate.
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong.
Initial claims for state unemployment benefits fell by 3,000 to a seasonally adjusted level of 201,000 for the week ended Sept. 15, the Labor Department said on Thursday. That is the lowest level since November 1969. Data for the prior week’s claims was unrevised.
Economists polled by Reuters had forecast claims rising to 210,000 in the latest week.
The Labor Department said only claims for Hawaii were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, declined by 2,250 to 205,750 last week, the lowest level since December 1969.
America, wake up. Under President Donald J. Trump we have not seen these finds of economic numbers in half a century. This is historic. Unemployment benefit claims at record lows, black unemployment at record lows, Hispanic unemployment at record lows, a current unheard of 3.9% unemployment rate, 4.2% GDP last quarter and consumer and business optimism is through the roof. Trump has renegotiated NAFTA with Mexico for a better US deal and is about to do the same with Canada.
A note to Republicans, Independents and blue color, hard working Democrats … this is what you wanted! This is why you elected Donald Trump in 2016. Look what he has made possible in less than 2 years. If you want all this to come crashing down then by all means put the Democrats back in control in the House and Senate and watch the collapse of the economy. It is up to you to continue to Make America Great Again.
Jobless Claims Remain at Half-Century Low Initial Claims, Fell to 204,000 in the Week Ended Sept. 8, 2018
MORE GREAT ECONOMIC NEWS …
As reported at the WSJ, initial jobless claims have fallen to 204,000, the lowest level since December 1969. More great news for the Trump administration. How many good economic indicators must be done under President Donald Trump before it becomes obvious, the reason for the great economy is his policies and the tax cuts?
The number of Americans filing applications for new unemployment benefits fell last week, remaining at a half-century low for the second-straight week.
Initial jobless claims, a proxy for layoffs across the U.S., fell by 1,000 to a seasonally adjusted 204,000 in the week ended Sept. 8, the Labor Department said Thursday. This is the lowest level since December 1969. Unemployment benefit applications were near this level last week too.
Economists surveyed by The Wall Street Journal expected 210,000 new claims last week.
Data can be volatile from week to week. The four-week moving average of claims, a steadier measure, fell 2,000 to 208,000, also the lowest level since 1969.
Jobless claims have remained low in recent years, as the labor market continues to tighten and managers face difficulty finding qualified employees.
Thursday’s report showed the number of claims workers made for longer than a week declined by 15,000 to 1,696,000 in the week ended Sept. 1. The figure, also known as continuing claims, is reported with a one-week lag.
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.