BOOM!!! 223,000 Jobs Added in May, Unemployment Rate Down to 3.8% … Black Unemployment Rate Hits New Record Low at 5.9%!
DONALD TRUMP … MAKING THE ECONOMY GREAT AGAIN!!!
The May jobs numbers are in and they were HUGE! As reported at CNBC, total nonfarm payroll employment increased by 223,000 in May, compared to an expected 188K. Also, the underemployment rate is down to 3.8%. Even CNN is reporting that unemployment rate matches lowest point in half a century. Job gains came from retail (31,000), health care (29,000), construction (25,000), professional and technical services (23,000) and transportation and warehousing, which added 19,000. Manufacturing also contributed 18,000 and mining grew by 6,000. Wait, 18,000 jobs from manufacturing? I thought Obama said manufacturing jobs would never come back? This represents another strong jobs report for the Trump administration.
The U.S. economy continued to add jobs at a solid clip in May, with nonfarm payrolls up 223,000 while the unemployment rate was 3.8 percent, the Bureau of Labor Statistics reported Friday.
Economists had been expecting payroll growth of 188,000 and the jobless rate to hold steady at 3.9 percent.
The unemployment rate was last this low in April 2000. A separate level of unemployment that adds in discouraged workers and those holding part-time positions for economic reasons fell to 7.6 percent, the lowest since May 2001.
The closely watched average hourly earnings metric rose 0.3 percent, as expected. That translates to an annualized rate of 2.7 percent, up one-tenth of a point from April.
In addition to the better-than-expected payrolls for May, March’s count was revised up from 135,000 to 155,000 while April ended lower from 164,000 to 159,000, for a net gain of 15,000.
Job gains came from retail (31,000), health care (29,000), construction (25,000), professional and technical services (23,000) and transportation and warehousing, which added 19,000. Manufacturing also contributed 18,000 and mining grew by 6,000.
US economy adds 223K jobs in May
The unemployment rate for black workers hit new record lows in May, the Labor Department’s Bureau of Labor Statistics reported Friday.
Black unemployment fell sharply to 5.9 percent, beating out the 6.6 percent record low that was set a month earlier.
The unemployment rate for Hispanic workers hit a record low in April, at 4.8 percent, but it rose slightly to 4.9 percent in May.
68% OF AMERICANS CREDIT TRUMP FOR MAKING AMERICAN ECONOMY GREAT AGAIN …
According to a recent CBS News Nation tracker poll, 68% of Americans give President Donald Trump the credit for the good economy we are currently experiencing. OUCH, that has to sting the liberal MSM. With all of the negative press coverage provided by the MSM, it would appear that Americans could care less what the bias media has to say and are looking at their wallets, pocketbooks and around them for themselves. The poll also states that 7 in 10 of whom say they’d prefer a candidate he backs and view Trump as a positive factor. Maybe the idiotic establishment GOP would like to get on board with the American people ahead of the 2018 primaries.
What does this mean? The closer we get to the 2018 midterm elections, the more the American people are favoring Trump and the GOP. The once huge double digit lead by Democrats in the polls are gone. Americans no longer have to listen to the Democrat and liberal media rhetoric, they can evaluate the results of Trump’s policies for themselves. Blue wave, really? Haven’t we seen this game play out before the 2016 elections when the LEFT said Hillary Clinton was a sure thing and the Democrats were going to take back the House and the Senate?
Nearly 2 in 3 Americans think the nation’s economy is in good shape, and most of them believe President’s Trump’s policies are at least somewhat responsible for that. More Republicans rate the economy positively than do Democrats.
As Congressional primaries continue and Americans look ahead six months to their midterm votes, Mr. Trump looks like a positive factor among Republicans, 7 in 10 of whom say they’d prefer a candidate he backs — but the president’s influence is limited to his own party. More Independents say they’re less likely to support a candidate backed by Mr. Trump.
The economy and the president’s support
This survey has followed the levels of Trump support and opposition over time. Today, buoyed by their feelings that the economy is at least somewhat good, the ranks of Mr. Trump’s strongest backers have risen to 22 percent from 18 percent back in January. Many of these backers had previously adopted a wait-and-see approach, labeling themselves as more conditional in their support a few months ago. Supporters overall – both strong and conditional — together remain less than a majority, however, while the ranks of the strongest Trump opponents have remained steady.
UNEMPLOYMENT RATE FALLS TO 3.9%, BLACK UNEMPLOYMENT TO RECORD LOW OF 6.6% …
Yes, President Donald Trump is making America great again and in some cases making it greater than ever before. The Unemployment rate for April 2018 has fallen to 3.9%. This is a 17 and a half year low for the U.S. unemployment rate. The news was even better for minorities as the unemployment rate for black workers dropped to a record low 6.6%, beating the previous record low of 6.8% set in December. The jobless rate for Hispanics fell to 4.8%, tying the record reached last year and in 2006. This is tremendous news for America and troublesome for Democrats, the LEFT and the liberal MSM. Even as under the Trump administration minorities are making considerable gains in the work force, the miserable LEFT and MSM still manages to find the negative. Hmm, where were these people during the 8 yeas of Obama when blacks had double digit unemployment?
U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.
The Labor Department’s closely watched employment report on Friday also showed wages barely rose last month, which may ease concerns that inflation pressures are rapidly building up, likely keeping the Federal Reserve on a gradual path of monetary policy tightening.“
Fed officials can rest easy that there is not any wage-based inflation on the horizon,” said Chris Rupkey, chief economist at MUFG in New York. “There is no need to speed up the path of interest rates because inflation isn’t heating up in a worrisome manner.”
Nonfarm payrolls increased by 164,000 jobs last month, the Labor Department reported. Data for March was revised to show the economy adding 135,000 jobs instead of the previously reported 103,000. That was the fewest amount of jobs created in six months and followed an outsized gain of 324,000 in February.
But 236,000 people left the labor force in April, adding to the 158,000 who quit in March. The labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, fell to 62.8 percent last month from 62.9 percent in March. It was the second straight monthly drop in the participation rate.
Where was the LEFT and MSM calling out Obama during his 8 years for the difference between black and white unemployment? Instead, the miserable LEFT and MSM continue to be all things negative to Trump and put Obama op on high. Really, the numbers show that there is less of a disparage between blacks and whites under Trump. Both black and white unemployment has gone down about 0.6% since the November 2016 elections,; however, the difference is that these are historic lows for blacks. The majority of time during Obama, blacks witnessed double digit unemployment as there were a record number of individuals on food stamps. The fact of the matter is that if Trump was president in 2008-2016, blacks would have seen the benefits they see now, just that much sooner.
The LEFT and Democrats are freaking out that minorities are seeing record low unemployment and might just vote as the silent black and Hispanic voter with Trump and the GOP in 2018 and 2020.
AND YOU WONDER WHY THE LEFT MUST NOW DISCREDIT AND DESTROY KANYE WEST …
According to a recent Reuters poll following the positive comments of Kanye West toward President Donald Trump shows that black male support of Trump has doubled in one week. WOW!!! The poll taken on April 29, 2018 showed a remarkable approval rating of 22%, up from 11% in a poll taken on 4/22/18. The poll also showed that Trump’s approval rating also increased from 8.9% to 16.5% during this same period of time. This is the Kanye effect and why the LEFT, Democrats and the liberal MSM are trying to destroy the credibility of Kanye West. If blacks come to believe and understand it is okay to like and vote for Republicans and President Trump, the Democrats are toast. Exit polls from the 2016 elections showed that Trump garnered 8% of the black vote, if that percentage ever went to 16 or 17 percent, Democrats would be in serious trouble. This is why we are now witness to the destroy Kanye campaign so that blacks never think for themselves and don’t point one and one together that it was under President Trump that blacks have an all-time low unemployment rate and they are benefiting under Trump.
Black male support for President Donald Trump doubled in just one week, according to a Reuters poll on presidential approval.
A poll taken on April 22, 2018 had Trump’s approval rating among black men at 11 percent, while the same poll on April 29, 2018 pegged the approval rating at 22 percent. It should be noted that Reuters only sampled slightly under 200 black males each week and slightly under 3,000 people overall.
Trump experienced a similar jump in approval among black people overall, spiking from 8.9 percent on April 22 to 16.5 percent on April 29.
BET Founder Robert Johnson Says President Trump’s Economy is Bringing Black Workers Back into the Labor Force
MAKING AMERICA GREAT AGAIN …
BET Founder Robert Johnson says that President Trump’s economy is good for blacks as it is bring them back into the work force. This if the LEFT’s and Democrats worst nightmare. These are words coming from a black Democrat. When black America finally figures it out that Trump is working for them and not what the liberal media has reported, you might just see more and more blacks supporting and voting for him.
The growing U.S. economy and improving business environment is bringing black workers back into the labor force, BET founder Robert Johnson told CNBC on Friday.
Johnson, the nation’s first black billionaire, spoke before Friday’s jobs report, which showed nonfarm payrolls rose 103,000 in March, falling well short of the 193,000 gain economist were expecting.
In January, the Labor Department reported the unemployment rate among black workers was at its lowest since at least the early 1970s, when the government began tracking the data. The unemployment rate for black Americans spiked in January and then fell in February. The rate was unchanged in March at 6.9 percent.
“When you look at that [January report], you have to say something is going right,” said Johnson, a Democrat and founder and chairman of The RLJ Cos.
“You have to take encouragement from what’s happening in the labor force and the job market,” Johnson told “Squawk Box.” “When you look at African-American unemployment, … you’ve never had African-American unemployment this low and the spread between African-Americans and whites narrowing.”