July 2018 Unemployment Rate Falls to 3.9% … 37,000 Manufacturing Jobs Created … Record Low Hispanic Unemployment at 4.5%
UNEMPLOYMENT RATE FALLS TO 3.9% …
From CNBC, although the total nonfarm payrolls increased by 157,000 for the month, below the 190,000 expected … the unemployment rate fell to 3.9%. However, there are some gems in this jobs report. Manufacturing increased by 37,000 jobs bringing the 12-month total gain to 327,000. Remember when we were told that we would never see these types of jobs again, unless Trump had a magic wand.
According to the Bureau of Labor Statistics reported Friday, unemployment for Hispanic workers again hit a new record low in July of 4.5%.
Payroll growth turned sluggish in July after two robust months, though the unemployment rate edged lower and the overall jobs picture continued to look solid, according to Labor Department numbers released Friday.
Total nonfarm payrolls increased by 157,000 for the month, below the 190,000 expected in a survey of Reuters economists and the lowest gain since March. The unemployment rate fell one-tenth of a percentage point to 3.9 percent, as expected, and is around its lowest level in nearly 50 years.
In the key wages category, average hourly earnings also met expectations, increasing 2.7 percent over the same period a year ago. The Federal Reserve is closely watching the wages component as it seeks to meet its 2 percent inflation target.
Though the July reading missed estimates, previous months’ report were revised substantially higher. The May reading jumped from 244,000 to 268,000 while June’s number increased from 213,000 originally reported up to 248,000, for a total net upward revision of 59,000 for the two months.
Average gains for the three-month period were a strong 224,000.
37,000 more manufacturing jobs created with Trump’s magic wand
213,000 Jobs Created in June 2018 … Unempoyment up to 4% Because 601,000 Americans Reenter the Workforce!!!
ANOTHER BETTER THAN EXPECTED JOBS REPORT …
The June 2018 jobs report was released this morning, 213,000 jobs were created in June, well above the expected gain of 195,000. The unemployment rate ticked up .2% from 3.8% to 4.0%; however, that is because the labor force grew by 601,000.
The unemployment rate moved higher, off an 18-year low, to 4% from May’s 3.8%. Economists say the slight move higher is a positive as it reflects more workers entering the workforce after sitting on the sidelines, drawn by the plethora of jobs. In June, 601,000 Americans entered the labor force, and not all found jobs.
Nonfarm payrolls rose 213,000 in June and the unemployment rate was 4 percent, according to a government report Friday.
Economists surveyed by Reuters had expected a gain of 195,000 and the jobless rate to hold steady at 3.8 percent, which had been tied for the lowest since 1969.
In addition to the payroll gains, average hourly earnings rose 2.7 percent year over year, a bit below expectations of a 2.8 percent increase.
Despite increasing talk about the economy being near full employment, hiring continues to grow. Along with June’s upside surprise, the Bureau of Labor Statistics revised April’s count up from 159,000 to 175,000 and May’s from 223,000 to 244,000, a total of 37,000 more than initially stated.
CNBC Poll: Majority of Americans approve of Trump’s Handling of the Economy for the First Time … 54% Say Economy is Good or Excellent, Highest in 10 Year!!!
DON’T LOOK NOW BUT THE POLLS ARE ALL TRENDING POSITIVE FOR TRUMP …
According to the most recent CNBC poll, 51% of Americans approve of Americans approve of the job in how President Donald Trump is handing the economy. This is the first time since President Trump took office that more than half of Americans approve of his handling of the economy. What is also trending positively for President Trump is is approval rating. The percentage of Americans who disapprove dropped 10 points to 47 percent, the lowest recorded by CNBC during his presidency. Fifty-four percent say the economy is good or excellent, the highest recorded by CNBC in the 10 years of the survey. The American people are beginning to realize President Trump is making America great again.
For the first time since President Donald Trump took office, the CNBC All-America Economic Survey shows more than half the public approving his handling of the economy, and it appears to be having some impact on his overall job approval rating.
The president’s economic approval rating surged 6 points to 51 percent with just 36 percent of the public disapproving, a 6 point drop from the March Survey.
His overall approving rating rose 2 points to 41 percent from the first quarter survey, but the percentage of Americans who disapprove dropped 10 points to 47 percent, the lowest recorded by CNBC during his presidency. Trump’s approval rating remains negative, at minus 6, but it’s also the lowest negative rating recorded since he took office.
And you wonder why the LEFT is freaking out and becoming even more unhinged that usual in their words and actions. Blue wave huh? I think the LEFT realized there will be no wave and they are losing their collective minds. Trump is tending upwards as the LEFT, Democrats, Deep State and liberal media have thrown the kitchen sink at this man and Trump is getting more popular.
MAKING AMERICA GREAT AGAIN …
The President Donald Trump economy continues to amaze. According to CNBC, state jobless claims dropped 4,000 to a seasonally adjusted 218,000 for the week ended June 9, and a 44 year low. Couple this with historic low unemployment rates, all time low black unemployment rates, and all time low female unemployment rates. The economy is fantastic and people are prospering under President Donald Trump.
New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44½-year low, pointing to a rapidly tightening labor market.
Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 218,000 for the week ended June 9, the Labor Department said on Thursday. Claims data for the prior week was unrevised.
Economists polled by Reuters had forecast claims rising to 224,000 in the latest week. The Labor Department said claims for Maine and Hawaii were estimated last week.
PRESIDENT TRUMP BETTER FOR BLACKS THAN BARACK OBAMA …
Candidate Donald Trump once asks black America when campaigning for president when asking for their vote, what do you have to lose? You have voted Democrat for years and got nothing, let’s see what a Republican can do to help. And the results are in.
According to a recent Rasmussen poll, 32% of likely voters believe life for young black Americans has gotten better under President Trump. Even 28% of black voters say that black Americans are better off today under Trump. Compare that with the 15% who said the same during Barack Obama’s last year of his presidency. WOW!! And you wonder why the LEFT, Democrats, the liberal MSM and liberal trolls on the internet attack President Trump and anyone who has a positive story, comment or message about him? President Trump is going things for the black community, not because he is pandering to them, because when Trump is Making America Great Again, black Americans are included. The May jobs report showed that black unemployment his a historic all time low of 5.9%.
Who is Doing a Better Job for black America? Hint: It’s the guy in the red tie.
Voters feel young black Americans are better off under President Trump than they were under Barack Obama, the nation’s first black president.
The latest Rasmussen Reports national telephone and online survey shows that 32% of Likely U.S. Voters believe life for young black Americans has gotten better since Trump’s election. Slightly more (36%) say life for these Americans has gotten worse, while 26% think it has stayed about the same.
But in March 2014, just 16% said life for young black Americans had gotten better since Obama’s election five-and-a-half years earlier. By July 2016 in Obama’s final year in office, only 13% thought life was better for young blacks.
Even black voters are nearly twice as likely (28%) to say young black Americans are better off now than they were in the closing year of Obama’s presidency (15%).
What are Democrats to do? Donald Trump has doubled the numbers of Barack Obama when it comes to dealing with black America. Trump is making it possible for all, including blacks, to get back to work. A pay check is so much more rewarding and meaningful than food stamps and welfare. And because of this, the LEFT is losing their collective minds. It is the LEFT’s worst nightmare when blacks realize that Trump is not as racist as they have been told, but doing a good job for them. If Trump maintains these types of positive polling numbers within the black community, there will be no blue wave in 2018, but a red tsunami and a 2020 Donald Trump reelection in 2020.