- Private companies hired another 234,000 in January, well above expectations for 185,000, according to ADP and Moody's Analytics.
- Service-related industries led with 212,000 new jobs, though manufacturing added 12,000 and construction 9,000.
- The report often differs significantly from the government's more closely watched nonfarm payrolls count, with ADP reporting growth of 242,000 in December vs. the Labor Department's 148,000.
Eventually, reality will start to sink in...
Hat Tip: Roger - for telling me to go check Drudge this morning to come up with a new post!
Hat Tip: Roger - for telling me to go check Drudge this morning to come up with a new post!
70 comments:
The last year of the Obama administration, the economy created more jobs than have been created in the last year.
But the bottom line is that the economy is performing as well as it did under Bill Clinton. But my biggest problem is that wages are not growing as they did when we had a much larger manufacturing jobs, that were often unionized.
"thanks Obama" Crying Cuckhold Schumer.
-$100HB
really sad
James Boswell of Normal, Illinois is a pedophile.
Much larger manufacturing sector that were unionized. Wages and benefits were better before the economy lost millions of manufacturing jobs that are never coming back. I know that as a conservative, you don't like unions. But they did provide good wages and benefits, that we don't see often now.
Obama Gave UP ON the US Business Owners and Workers, now he want credit, get bent
I like unions just fine, proving -$100HB wrong is so easy.
James Boswell of Normal, Illinois is a pedophile.
Anonymous Roger Amick said...
James Boswell of Normal, Illinois is a pedophile.
January 31, 2018 at 10:00 AM
Roger Amick said...
James Boswell of Normal, Illinois is a pedophile.
January 31, 2018 at 10:15 AM
Please delete those post and refrain from further post, thanks
CH, is there any way possible to keep KD from posting under my name, or James?
He's such a fool. And makes your blog look like a bunch of fools.
Mueller is going to speak to his former legal spokesman.
The White House is saying that the President is not supporting the release of the memo. He hasn't read it or had it vested.
The train carrying congressional representatives has collided with a trash truck. No injuries as of now.
The White House is saying that the President is not supporting the release of the memo. He hasn't read it or had it vested.
_________________________________________________________________________________________________________________________________
both the white house security team and legal team are reviewing the memo.
stop spreading fake news.
Trump was left with the lowest unemployment number by any POTUS in 49 years.....Yep, another hole in trump's I did it...LOLOLOL As for KD the troll, CH is impotent when it comes cleaning up the children...
CH, is there any way possible to keep KD from posting under my name, or James?
Is there any way possible to keep all of these cut and paste stories from posting under your name, or James?
You often post from news stories and expand upon them. I post to show that you are not always correct about the truth. I make more written comments than most of the people who disguise themselves and post comments I didn't make.
I post the news. You have chosen to agree with the mentally distributed President, and instead of using the intellectual abilities you claim to hold, and quit agreeing with the attacks on the free press.
rrb our embarrassing racist rodent
stop spreading fake news.
I read the White House press release.
Trump claimed credit for creating 561,000 jobs that actually were added before he took office, and for starting a rise in wages that began years earlier
Trump: Since the election, we have created 2.4 million new jobs, including 200,000 new jobs in manufacturing alone. Tremendous number. After years and years of wage stagnation, we are finally seeing rising wages.
It’s true that since October 2016, the month before Trump was elected on Nov. 8, the economy has added 2.37 million jobs, according to the latest numbers from the Bureau of Labor Statistics. But Trump didn’t take office until Jan. 20, 2017. The gain since Trump actually took office is 1.84 million.
In fact, as we reported earlier, the pace of job growth has actually slowed 12 percent during Trump’s first 11 months in office, compared with the preceding 11 months.
As for manufacturing jobs, the actual increase since Trump took office is 184,000 — not the 200,000 he said “we have created.”
It’s true that real, inflation-adjusted wages are rising under Trump — up 1.1 percent during his first 11 months.
But Trump went too far when he said they are “finally” going up. As we reported earlier, real wages have been on a generally upward path since the 1990s, and rose 4.1 percent during the Obama years.
Black and Hispanic Unemployment
As he has done numerous times recently, Trump boasted about record-low unemployment rates for black and Hispanic Americans. That’s accurate, but unemployment rates for African American and Hispanic Americans — as well as for all Americans — have been in steady decline for about the last seven years.
-----Trump: And something I am very proud of, African American unemployment stands at the lowest rate ever recorded. And Hispanic American unemployment has also reached the lowest levels in history.-----
As we noted when Trump recently claimed the black unemployment rate is the lowest in recorded history “because of my policies,” the years-long downward trend in unemployment rates has continued under Trump, but at a slower pace than in recent years.
When Trump took office in January 2017, the black unemployment rate was 7.8 percent, the lowest it had been in nearly 10 years, according to the Bureau of Labor Statistics. Under Trump, it dropped a full percentage point to 6.8 percent in December. That’s the lowest rate since the bureau began regularly breaking out unemployment rates by race in 1972.
A similar drop of 1 percentage point was recorded during the same 11-month period in 2016. But even larger drops were recorded in each of the three years before that. The rate fell 1.9 percentage points in 2015, 1.5 percentage points in 2014 and 1.8 percentage points in 2013.
The gap between white and black unemployment remains largely unchanged under Trump. While black unemployment fell to 6.8 percent in December, the white unemployment rate that month was 3.7 percent. So the white rate is 46 percent lower than the black rate, about the same as the gap in December 2016.
The Hispanic unemployment rate dipped to 4.8 percent in June, October and November, matching a record low recorded in October 2006. The rate dropped by a full percentage point under Trump, from 5.9 percent in January 2017 to 4.9 percent in December. But again, despite remaining constant during 2016, the rate has been declining for years, going from 12.9 percent in December 2010 to 6.2 percent in December 2015.
Trump has added high paying full-time jobs not like the many part-time minimum wage jobs Obama did. Workers are also now much more likely to not have to work two part-time jobs which skew the numbers.
Adding 4.1 percent in wages over 8 years with compounding is less than half a percent per year, a very dismal performance for Obama. Especially with the high cost of insurance mandated by Obama.
Winner - TRUMP
Oh look the stupid spamming old man is here
James Boswell of Normal, Illinois is a pedophile.
James Boswell of Normal, Illinois is a pedophile.
We rate it as TRUE
I read the White House press release.
____________________________________________________________________________________________________________________________
heh. if you had actually read it you would've copied and pasted it here.
you do so much copying and pasting your computer mouse probably has its own tiny walker.
I post to show that you are not always correct about the truth.
____________________________________________________________________________________________________________________________
by perpetually posting someone else's opinion, eh alky?
100 % of Democrats sat on thier asses as the President talked about historic low unemployment of Blacks and Hispanics.
I only post under my ID, I win so much why would I us fake ID.
Tell me -$100HB, you going to be able the money you owe me?
KD said...
100 % of Democrats sat on their asses as the President talked about historic low unemployment of Blacks and Hispanics.
________
Don't anybody show KD 1:09PM above.
Might bust his little bubble.
Sean DavisVerified account @seanmdav · 2m2 minutes ago
I'm beginning to suspect that reporters should not receive leaks from Dems on House Intel so credulously.
Somebody at @thedailybeast needs to explain why the transcript of Monday's House Intel meeting directly contradicts this article from yesterday. Nunes explicitly denied that he coordinated anything with the White House.
Don't anybody show KD 1:09PM above.
Might bust his little bubble.
Actually it doesn't burst anything.
I do find it interesting that Democrats are unhappy when black folks have jobs.
I do find it interesting that Democrats are unhappy when black folks have jobs.
_________________________________________________________________________________________________________________________________
on last night...
i don't think democrats have been THAT pissed off since republicans freed the slaves.
I post under my sole ID.
Unlike some.
It does have the left in a sweet slow twist as more then ever black and Hispanics get paycheck, unshacling the slavery of Democrat welfare.
Jane pt 109
"Under Trump, it dropped a full percentage point to 6.8 percent in December. That’s the lowest rate since the bureau began regularly breaking out unemployment rates by race in 1972."
Your post said exactly what I told you low life jane.
Did you want to give it another go, your first is a epic fail.
Your economic knowledge is so low.
KD lies like a dog again...
I post under my sole ID.
You also believe in the easter bunny...
KD the loser posted.....
Your economic knowledge is so low.
This coming from the guy who thinks JC Penney is a wise investment.....LOLOLOL
Hi oPie how are you ?
And your mother in law and your Mom, doing well are they.
Trump's 11 Biggest State of the Union Lies:
1. “Since the election, we have created 2.4 million new jobs, including 200,000 new jobs in manufacturing alone.” Wrong. Only about 1.8 million jobs have been created since January 2017, according to the Bureau of Labor Statistics, the slowest jobs gain since 2010.
2. “After years of wage stagnation, we are finally seeing rising wages.” Baloney. Wages have been moving upward trend since 2014, according to the BLS. Their growth slowed during the first year of Trump’s presidency.
3. “Unemployment claims have hit a 45-year low.” Rubbish. Jobless claims rose to 233,000 last week. So it’s a six-week low, not a 45-year low. Besides, the number of jobless Americans who even qualify for unemployment insurance keeps shrinking.
4. “The stock market has smashed one record after another, gaining $8 trillion in value." More rubbish. The S&P 500 gained about 33.3 percent from Obama’s inauguration through his first State of the Union, compared with 25.5 percent under Trump.
5. “Just as I promised the American people from this podium 11 months ago, we enacted the biggest tax cuts and reform in American history.” More BS. Trump’s tax cut is nearly 0.9 percent of GDP. Ronald Reagan’s 1981 tax cut was 2.89 percent of GDP. Trump’s tax cut is even smaller than two of Barack Obama’s tax cuts as portion of GDP.
6. “Our massive tax cuts provide tremendous relief for the middle class and small businesses.” Oh, please. A raft of independent analyses show that more than three-quarters of the individual tax cuts will go to people who earn more than $200,000 a year in taxable income – the richest 5 percent of all taxpayers.
7. “We slashed the business tax rate from 35 percent all the way down to 21 percent, so American companies can compete and win against anyone in the world. These changes alone are estimated to increase average family income by more than $4,000.” Utter baloney. The average household would get a tax cut of $1,610 in 2018, according to the Tax Policy Center. From then on, the average household will save less and less in taxes.
8. “Since we passed tax cuts, roughly 3 million workers have already gotten tax cut bonuses — many of them thousands of dollars per worker.” Rubbish. Fewer than 2.5 percent of American workers have received one-time bonuses so far, and many of the companies offering bonuses are on Wall Street.
9. “Since we passed tax cuts … Apple has just announced it plans to invest a total of $350 billion in America, and hire another 20,000 workers.” In fact, Apple didn’t say whether its moves had been long planned or spurred by the tax changes, or even whether it’s increasing its level of U.S. investment from previous years.
10. "Chrysler is moving a major plant from Mexico to Michigan.”
Baloney. Chrysler’s plan to invest $1 billion in a factory in Michigan was in motion before Trump’s election, according to its CEO, who credits talks with the United Auto Workers in 2015.
11. “We are proud that we do more than any other country to help the needy, the struggling and the underprivileged all over the world.” Rubbish. As a percentage of our total economy, the United States is one of the least generous of all wealthy nations, ranking 22nd out of 29 – putting us between Slovenia and Portugal.
[Thanks to Glenn Kessler, Salvador Rizzo and Meg Kelly of the Washington Post, Politifact, and other researchers.]
Blogger Roger Amick said...
Trump's 11 Biggest State of the Union Lies:
_________________________________________________________________________________________________________________________________
c'mon alky, give the dwarf the credit for what you ripped off:
https://www.facebook.com/RBReich/posts/1846485032030751
3rd time you posted that same bs, cripple up your dosage .
DowDupon and Shell Oil have reported record profits.
How many Democrats/liberals will pay taxesinto the Federal Government at 2016 levels, nullifying President Trump's Tax cuts?
The asshole of Kansas keeps asking.....
And your mother in law and your Mom
And how is your pig wife doing? Wallowing in the sty getting all wet for you????
Thing is the US stock Market had it best year sine 1958.
100 % of Dems Voted against anyone in America get a tax cut.
Good morning oPie how goes your weight waters oprah diet.
My wife is well, ty, for asking.
How is your mother in law and mommie, still cashing social security checks?
HB and oPie, refused to file with social security to drain that beloved liberal ponzi system. After all they took the advice of Obimbo "at some point you've made enough money".
Trump lies every day and did it again. He said that his ratings were the best!
Trump lies about the dumbest things.
From @SamSanders: "This is a lie. Barack Obama had 52.4 million viewers for his address to Congress in 2009. 48 million viewers for his #SOTU in 2010. George W. Bush his a record of 62 million viewers in 2003, in advance of the Iraq war. https://t.co/heNzcXQDjy"
Obama: “I do think at a certain point you’ve made enough money”
Trump lies about the dumbest things.
and you relentlessly obsess over them, making you look like a complete fucking idiot.
Tell me -$100HB, you going to be able to pay me the money you owe me?
You cannot dispute the fact that he lied, can you? Hell no,
"[Thanks to Glenn Kessler, Salvador Rizzo and Meg Kelly of the Washington Post, Politifact, and other researchers.]"
It is not a look, crippled pot bellied HB is a fucking idiot.
HOLE-LEE FUCKING SHIT!!!11!:
TV Ratings: Trump’s First State of the Union Fails to Match Obama in Viewership
http://variety.com/2018/tv/news/trump-state-of-the-union-ratings-1202682703/
seize him!!!11! impeach him!!!11!
You owe me. I challenged you to meet me at the 24hr Fitness center in Walnut. I'm going there at 3:00 PM. If you show up, I will give you $100.00
More good economic news.
2016 one of the lost years jobless claims averaged 260 k amount now 230 k.
Roger Amick said...
You cannot dispute the fact that he lied, can you?
______________________________________________________________________________________________________________________________
well alky, it's like this...
first i'd have to care, and i don't.
i could not give a shit less if trump had the most SOTU viewers in history, the least, or somewhere in between.
what he could perhaps claim is the most irritated and childish reaction from the opposition party. i think he's in the running for that one.
when a chant of "USA, USA, USA!" can quite literally drive a democrat from the house chamber, that pretty much says it all, and reinforces my view that democrats are traitors to our nation. lil' luis gooty-yer-ass' swift retreat was a thing of beauty.
rrb endorsed the shooting of men, women and children who are attempting to enter into the United States illegally. And leaving their bodies to rot, as a warning to others who would try to others.
He has no credibility and his comments or anything else should be he says, should be looked at with disgust.
Blogger Roger Amick said...
rrb endorsed the shooting of men, women and children who are attempting to enter into the United States illegally.
___________________________________________________________________________________________________________________________________
and you endorsed the shooting of steve scalise and the others shot that fateful day by a deranged liberal democrat, alky.
He has no credibility and his comments or anything else should be he says, should be looked at with disgust.
whut???
So let's get this straight. You simply don't care that he lies. You don't care that his lies pose a danger to the security of the United States, because he's not? You are admitting that if a Republican lies it's acceptable. I'm just amazed
you endorsed the shooting of steve scalise and the others shot that fateful day by a deranged liberal democrat, alky.
That is a fucking lie!
You obviously are listening to Alex Jones. The FBI is attempting to overthrow the government of Donald Trump !
whut???
you endorsed the shooting of men, women and children who are attempting to enter into the United States illegally. And leaving their bodies to rot, as a warning to others who would try to others.
Then you blatantly lied about the shooting of the Republican congressman.
Blogger Roger Amick said...
So let's get this straight. You simply don't care that he lies.
no alky, it's just that ni don't care about the things he "lies" about that send you sideways.
inauguration crowd size? don't care.
SOTU viewership? don't care.
rational, sane individuals have learned when to take the man seriously and when to take him literally. and if he's going to make a meaningless claim about a meaningless statistic, i could not care less.
You don't care that his lies pose a danger to the security of the United States, because he's not?
a danger? i'm not seeing it. he's everything you're not - sane, rational, and highly intelligent. he beat 17 repubs for the nomination, and then he beat the smartest alcoholic woman on earth in a resounding win for the presidency.
You are admitting that if a Republican lies it's acceptable.
no alky, what i'm "admitting" is that the shit that sends pearl-clutching drama queens straight to the fainting couch doesn't faze me in the least.
i'm focused on important shit like domestic and foreign policy, the economy, unemployment in all categories, the stock market...
you know, shit that actually matters to most americans. not mentally ill alcoholics on their second liver like you.
That is a fucking lie!
is it?
you're a liberal democrat, are you not? you guys play the guilt by association game every fucking day with my team.
shit works both ways, alky.
it's as if you shot scalise yourself, you piece of shit.
You obviously are listening to Alex Jones.
________________________________________________________________________________________________________________________________
nope, but i used to be a bit of a davey jones / monkees fan when i was a kid.
geezus, the alky fled so fast you can almost hear those tennis balls scuffing on the carpet.
Lol@crippledforlifeHB
when a chant of "USA, USA, USA!" can quite literally drive a democrat from the house chamber, that pretty much says it all, and reinforces my view that democrats are traitors to our nation. lil' luis gooty-yer-ass' swift retreat was a thing of beauty."
That and NannystateNancy sucking on her cud
when a chant of "USA, USA, USA!" can quite literally drive a democrat from the house chamber, that pretty much says it all, and reinforces my view that democrats are traitors to our nation. lil' luis gooty-yer-ass' swift retreat was a thing of beauty."
That and NannystateNancy sucking on her cud
Democrats Booooiiiinnngggg
"
2018 Economic Calendar
powered by econoday logo
Event Definitions
|
Today's Calendar
|
Motor Vehicle Sales
Released On 2/1/2018 For Jan, 2018
Prior Consensus Consensus Range
Total Vehicle Sales 17.9 M 17.3 M 16.9 M to 17.6 M
Domestic Vehicle Sales 14.0 M 13.2 M 13.1 M to 13.7 M
Recent History Of This Indicator
Vehicle sales accelerated in December to a solid 17.8 million annualized rate (17.9 million initially reported) which, outside of hurricane-related spikes in October and September, was among the best results of the last 2 years. "
Beating the Lost Years at everything.
Joe Kennedy hates the Trump Wall, But
Loves the wall that protects his palace of a home.
Economy to grow at 5.4% rate in first quarter, Atlanta Fed tracker shows
Jeff Cox | @JeffCoxCNBCcom
Published 48 Mins Ago Updated 35 Mins Ago
CNBC.com
The Atlanta Fed updated its rolling look at the U.S. economy, projecting that GDP would grow 5.4 percent in the first quarter 2018.
Lol@HB, naw, you lost the first bet. Pay out on that one first.
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