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Come on my DV liberals 

what say you all about this

 

 

Economy adds 313K jobs in February, most since July 2016

 

 

 

 

 

 

Economy adds 313K jobs in February, most since July 2016

The U.S. economy added a robust 313,000 jobs in February, the fastest pace of growth since summer of 2016, as tax cuts stoked the tightening labor market.

The unemployment rate was 4.1 percent for the fifth straight month, the lowest level since December 2000

, when it was 3.9 percent, the Labor Department reported on Friday.

February jobs, which ran well above estimates, posted the best performance since July 2016 and were up from 239,000 jobs in January. 

 

Job gains have averaged 242,000 over the last three months.

The boost in jobs last month likely reflects a growing confidence among businesses that the tax cuts will help accelerate growth this year.  

The White House's Council of Economic Advisers recently predicted economic growth of 3 percent this year and into the next decade.

The Dow Jones industrial average opened up about 150 points higher on the jobs news.

Employment, as measured in the household survey, rose by a massive 785,000, the biggest monthly gain since September.

The labor force increased by 806,000, which is the biggest jump since January 2003, bolstering the labor force participation rate to 63 percent from 62.7 percent, the highest level since September.

Wage acceleration slid to a 2.6 percent annual pace from a 2.8 percent in January. That January figure was revised down 0.1 percentage point and had roiled markets.

House Democratic Leader Nancy Pelosi said while February’s report shows jobs growth, “working Americans are still not getting the bigger paychecks they deserve.” :huh:

“Strong job growth means little to the American workers forced to work multiple jobs because of stagnant wages,” Pelosi said. 

Robert Frick, a corporate economist with Navy Federal Credit Union, called the February report "mixed," noting the wage increases were lower than expected despite the strong job gains and a jump in labor force participation.

"Together that says that there is still slack in the labor force and Americans are still waiting for bigger raises that are typical for this point in an economic expansion," Frick said.

The household survey is an estimate of employed Americans, not of total jobs, and covers those who wouldn't show up on a payroll, such as the self-employed.

The labor market is expected to tighten further this year and economists forecast that the jobless rate could drop into the historic mid-3 percent range.

Employees' paychecks are expected to grow as the labor market tightens this year.

"Although the unemployment rate held steady over the month, it will fall throughout 2018 and into 2019 as the job market continues to tighten, bottoming out at around 3.5 percent," said Gus Faucher, chief economist for PNC.

"Businesses and consumers are likely responding to the tax cut by boosting investment and spending, driving stronger demand and increasing the need for labor," Faucher said.

The latest positive jobs growth comes amid President Trump's plan to levy global steel and aluminum tariffs that congressional Republicans have said they worry could upend the economic momentum from the tax package.

The Trade Partnership, a nonpartisan pro-trade group, estimates that the tariffs will generate more than 33,000 new metals jobs but ultimately lead to an overall loss of 146,000 jobs.

House Ways and Means Committee Chairman Kevin Brady (R-Texas), an architect of the tax plan, credited the newly enacted law with bolstering the job market and economic growth.

But he has expressed concern about the president's tariff plan.

"Now is the time to build off the strong economic momentum of the president’s tax cuts through sound trade policy," Brady said.

"We must ensure that the steel and aluminum tariffs just announced by the president are narrowly targeted and don’t harm our workers and manufacturers here at home," he said.

Trump on Thursday officially announced tariffs of 25 percent on steel and 10 percent on aluminum from all nations except Canada and Mexico. Other countries can apply for exemption from the tariffs as well.

Overall, there were 54,000 more jobs created in December and January than initially reported.

Employers have added jobs for 89 straight months.

Manufacturing, a key focus of Trump’s tariffs plan, added 31,000 jobs in February and has generated 224,000 jobs over the past year.

Construction employment increased by a solid 61,000 and the sector has added 185,000 jobs over the past four months.

The economy added 287,000 private sector jobs in February, while 26,000 government jobs were added.

Employment in mining rose by 9,000 in February and is up 69,000 since a recent low in October 2016.

Retail trade saw a big boost in employment, up 50,000.

Employment in health care rose 19,000 and the industry is up 290,000 jobs over the past year. 

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So much for the Blue Wave

Here comes the 

RED TIDE

 

 

Manufacturing Jobs Up 31,000 in February; 263,000 Since Trump Took Office

 
By Terence P. Jeffrey | March 9, 2018 | 
 

 

 

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(Screen Capture)

(CNSNews.com) - The United States added 31,000 manufacturing jobs in February and employment in the manufacturing sector has now increased by 263,000 since December 2016, the last month before President Donald Trump took office.

 

“Manufacturing added 31,000 jobs in February,” the Bureau of Labor Statistics said in its monthly employment reportreleased today. “Within the industry, employment rose in transportation equipment (+8,000), fabricated metal products (+6,000), machinery (+6,000), and primary metals (+4,000).”

 

The last time there were more manufacturing jobs in the United States than there were in February was in December 2008, the last month before President Barack Obama took office.

That month, according to BLS, there were 12,850,000 manufacturing jobs. But, in January 2009, the month Obama was inaugurated, manufacturing jobs dropped to 12,561,000—and did not move back above 12,600,000 until last month.

 

manchart1.jpg?itok=PbnPUU3Q

In December 2016, the month before Trump was inaugurated, there were 12,351,000 manufacturing jobs in the United States. Since then, it has climbed by 263,000 to 12,614,000.

 

In January 2017, the month Trump was inaugurated, manufacturing jobs rose to 12,369,000—an increase of 18,000.  In the months since Trump’s inauguration, manufacturing jobs have increased by 245,000.

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Roll Tide Roll

The Red Tsunami is coming to America

 

 

 

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The unemployment rate for black Americans fell back down to an historic low in February, after spiking up in January.

Just 6.9 percent of black adults were unemployed in February, according to the Bureau of Labor Statistics,

the second-lowest such ratio since the agency has been keeping track.

The low mark was set in December, at 6.8 percent. Then, the rate spiked to 7.7 percent, but that increase proved short-lived.

President Trump has touted the fact that black unemployment has dipped so low on his watch, including during his State of the Union address.

When the black jobless rate hit the record low in January, though, the NAACP gave credit to the long-running recovery that began under former President Barack Obama, rather than to Trump specifically, and noted that blacks still suffer much higher rates of unemployment than whites.

Nevertheless, the recovery has also shrunk the unemployment gap between black and white Americans.

Hispanic workers, too, are currently enjoying historically low rates of unemployment. At 4.9 percent in February, Hispanic unemployment is just a tenth of a percentage point above the historic low.

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So how does the insane left defend against this?

Maybe they can roll out that ridiculous Jurassic Park Dinosour

NANCY PELOSI

so she can call it, "crumbs", again 

And tell the blacks and Hispanics how the Dems are gonna fight for them.

But she might have some issues with the DACA crowd.

I read that they wanted the insane Dems to take up 

TRUMPS DEAL.

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23 minutes ago, SgtFuryUSCZ said:

Preach it LGD !  :tiphat:

 

Any American that insists on ignoring the facts and continues to swallow the left's kool-aid is not only ignorant,

but in compete denial.

They need to turn on their indoctrinators now.:deadhorse:

 

.

Facts are facts and they still want to be enslaved.  Pelosi and her incoherent mumble jumble has a spell on them, it's no wonder they're BLUE!!!

The Red wave continues to be strong!!!

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10 hours ago, SgtFuryUSCZ said:

They need to turn on their indoctrinators now.:deadhorse:

 

I wish I could agree with You here, SgtFuryUSCZ, but I am afraid the Evil Elitist Socialist Liberal Leftist Task Masters have eaten all their brains so now they are merely mindless zombies at the whims of their evil task masters and have no capability to reason to circumvent the command/control and actually operate on freeing principle.

 

 

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17 minutes ago, Shabibilicious said:

It appears some of the fine folks south of Pittsburgh have issue with Trump's managerial skills.....is that a blue tsunami I see on the horizon? :o

 

GO RV, then BV

 

Yes......quite interesting election returns.........my understanding is that this seat will be up for grabs again in November............but additionally between now and then they redistrict......(change the lines).....and it is likely because of that  both of these guys will be sitting congressmen after the next election......November

 

Seems the fake movement is spreading.......now we have fake elections that might be altered with the stroke of a pen at a later date........is it just me......or are things getting stranger all the time?????    CL

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24 minutes ago, coorslite21 said:

 

Yes......quite interesting election returns.........my understanding is that this seat will be up for grabs again in November............but additionally between now and then they redistrict......(change the lines).....and it is likely because of that  both of these guys will be sitting congressmen after the next election......November

 

Seems the fake movement is spreading.......now we have fake elections that might be altered with the stroke of a pen at a later date........is it just me......or are things getting stranger all the time?????    CL

 

Strange indeed.  As I understand, this district will cease to exist altogether, and in November there will be another election for the newly drawn district which is supposed to level the party playing field.  I guess what really surprises me is, in this election these same people overwhelmingly voted for trump in 2016.  What message are they sending him? 

 

GO RV, then BV

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17 minutes ago, Shabibilicious said:

 

Strange indeed.  As I understand, this district will cease to exist altogether, and in November there will be another election for the newly drawn district which is supposed to level the party playing field.  I guess what really surprises me is, in this election these same people overwhelmingly voted for trump in 2016.  What message are they sending him? 

 

GO RV, then BV

 

The message has been sent.........of course unless........Putin was the one sending it.......oh wait..........more fakeness........enjoy your day!!!!        GO RV, then BV      CL

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