U.S. Created 209,000 Jobs in July 2017 vs 183,000 Jobs Expected, Unemployment Drops to 4.3%

MAKING AMERICAN JOBS GREAT AGAIN!!!

The Trump  economy continues to move forward as 209,000 jobs were created in July, 2017. That is more than the expected 183,000 and also unemployment dropped to 4.3%, he lowest since March, 2001.  The number of employed people jumped by 345,000 to 153,513,000 in July, setting a third straight monthly record. Try and spin these numbers MSM. None of this would be happening had Hillary Clinton been elected. This is what Americans are concerned about, JOBS! Not Russia, jobs!

To Democrats, the LEFT, the MSM and establishment Republicans, try, just try and overturn an election by WE THE PEOPLE and see what happens. I dare you. The United States has a president that is doing things and creating an economic environment for the people and for some sick, selfish reason the individuals previously referenced are trying to present it. Trust me, keep up the BS and their will be a political judgment day.

July non-farm payrolls rise 209,000, unemployment rate ticks down to 4.3% from CNBC.

The U.S. economy added 209,000 jobs in July and the unemployment rate was 4.3 percent, according to a government report Friday.

Economists surveyed by Reuters had expected the report to show growth of 183,000 with the jobless rate ticking down to 4.3 percent, the lowest since March 2001. A more encompassing rate that includes discouraged workers and the underemployed was unchanged at 8.6 percent.

The number of employed Americans also hit a fresh new high at 153.5 million.

The closely watched wage number was unchanged from previous months, with average hourly earnings up 2.5 percent. The average work week also was unchanged at 34.5 hours.

Bars and restaurants provided the biggest boost for the month with 53,000 more positives, while professional and business services contributed 49,000, the Bureau of Labor Statistics said.

In addition to the strong July report, June’s 222,000 gain was revised up to 231,000 though May was cut from 152,000 to 145,000.

Record 153,513,000 Employed in July; 62.9% Labor Force Participation!!!

A few hours later, the Labor Department’s Bureau of Labor Statistics said the economy added 209,000 jobs in July; the number of employed people jumped by 345,000 to 153,513,000 in July, setting a third straight monthly record; the number of Americans counted as not in the labor force, meaning they don’t have a job and are not looking for one, dropped for a third straight month to 94,657,000; and the nation’s unemployment rate also dropped a tenth of a point, to 4.3 percent.

In July, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 255,151,000. Of those, 160,494,000 participated in the labor force by either holding a job or actively seeking one.

The 160,494,000 who participated in the labor force equaled 62.9 percent of the 255,151,000 civilian noninstitutionalized population.

In testimony before Congress in mid-July, Federal Reserve Chair Janet Yellen said the declining labor force participation rate among men of prime working age is a particular concern.

In July, BLS said the participation rate for men 16 and over was 68.9 percent, compared with 73.1 ten years ago and 75.0 percent 20 years ago.

U.S. nonfarm Payrolls Job Total 222,000 in June 2017 vs 179,000 Expected

MAKING AMERICA GREAT AGAIN …  222,000 NEW JOBS IN JUNE!!!

As reported at CNBC, the U.S. economy added 222,000 new jobs in June and the unemployment rate held at 4.4%. This was much better than the 179,000 jobs that were expected. As Marketwatch stated, the 222,000 new jobs in June is showing that companies are still finding ways to add staff despite a growing shortage of skilled workers. Now, if only the GOP would get off their useless butts, follow Trump’s lead and actually pass tax reform, the economy will burn red hot. And when that happens, Trump can punch his ticket for 2018 and 2020.

Donald Trump thumbs up

The U.S. economy added a better-than-expected 222,000 new jobs in June and the unemployment rate held at 4.4 percent, according to a government report Friday.

Economists surveyed by Reuters had been expecting nonfarm payrolls growth of 179,000 and the unemployment rate to be 4.3 percent.

Wage growth, however, remained muted, with average hourly earnings rising 2.5 percent on an annualized basis, essentially unchanged from the previous month. On a monthly basis, the rise was 0.2 percent, which actually was a shade below the 0.2 percent expectation. The average work week edged higher, rising 0.1 hours to 34.5.

Health care was the biggest contributor, with 37,000 new positions, with professional and business services adding 35,000. Social assistance added 23,000, Wall Street-related jobs grew by 17,000 and mining — a focal point for the Trump administration — saw 8,000 new positions.

An alternative measure of unemployment that counts discouraged workers and those holding part-time positions for economic reasons — the underemployed — rose from 8.4 percent to 8.6 percent.

Jobs overall tilted to full-time positions, which grew by 355,000, while part-time fell by 224,000.

Posted July 7, 2017 by
Economy, Jobs, Unemployment | one comment

Obamacare is Not Just a Lie, Its a Job Killer

OBAMACARE IS A JOBS KILLERHAS 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.

Obama_dr2

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.

President Donald Trump’s First Full Month in White House … 235,000 Jobs Created in February 2017

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.

Donald Trump thumbs up

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.

PARTICIPATION RATE:

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.

CNS News: 152,528,000: Record Number of Employed in February; Participation Rate Rises.

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.

UPDATE: Dow futures rise 100 points after strong jobs report.

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.

Obama_Worst President2

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.

Obama’s BIG LIE about the economy.

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.

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