Tag: 12/11/2018

WORKFORCE: Wages Growing and Workers Continue to Move Off the Sidelines and into the Workforce December 7, 2018 – The White House

TODAY, Tuesday, December 11, 2018 – President Trump invited Minority Leaders Nancy Pelosi and Chuck Schumer to the Oval Office to discuss the border wall, immigration, CRIMINAL JUSTICE REFORM, amongst many topics.  During the televised heated encounter, Rep. Nancy Pelosi MISINFORMED the public by saying that people are losing their jobs.  This prompted me to write this short little note to PROPERLY INFORM THE AMERICAN PUBLIC with information straight from the THE COUNCIL OF ECONOMIC ADVISERS.

As shown below, the unemployment rate has remained at 3.7% for the third consecutive month and payroll employment continued its historic streak of positive jobs gains.  These gains from the thriving labor market are widespread across many demographic groups.

SO it means, all Americans, all demographics (demographic: statistical characteristics of human populations (age, income) are benefiting from what President Trump is doing:  getting jobs back to America.

JUST wanted to set the record straight.  President Trump is working day and night for this Country and to help fix all that has been left broken by the last 4 presidents.  It’s America First don’t you know!

 

 

The Bureau of Labor Statistics (BLS) released its monthly Employment Situation Report, which showed continued evidence of a strong American economy. The unemployment rate remained at 3.7 percent for the third consecutive month and payroll employment continued its historic streak of positive jobs gains. These gains from the thriving labor market are widespread across many demographic groups.

The unemployment rate remains at its lowest since December 1969, and this is the fifth consecutive month that the unemployment rate has been below 4 percent. This is only the 12th time since 1970 that the unemployment rate has fallen below 4 percent, with seven of these occasions occurring under President Trump this year.

Workers are also taking home bigger paychecks, with wages growing under this Administration. According to the BLS survey of employers, also released today, nominal average hourly earnings for all private workers in November rose 3.1 percent over the past 12 months, the 2nd straight month that year-over-year wage gains exceeded 3 percent. Prior to the previous month, nominal average hourly wage gains had not exceeded 3 percent since April 2009. Real wages, which take inflation into account, are also rising. Based on the most recent Personal Consumption Expenditures (PCE) price index data from October, inflation in the past year was 2.0 percent (November data will be available later this month).

In addition to the nearly 50-year low for the unemployment rate overall in the BLS household survey, the unemployment rate also reached a historic low for African Americans—falling by 0.3 percentage point (p.p.) in November to match a series low of 5.9 percent (last achieved in May 2018). The African-American unemployment rate has only been under 6 percent twice since the series began in 1972 and both times have been this year. Recent lows were also achieved for the unemployment rate among individuals with a high school degree but no college, whose November unemployment rate fell to 3.5 percent—the lowest since December 2000. Also, the unemployment rate for adult men (ages 20+) fell to 3.3 percent—the lowest it has been since October 2000.

Though the unemployment rate remains at a historically low 3.7 percent, there are plenty of potential workers on the sidelines who could contribute to employment growth in the future. A key measure of employment is the share of prime-age adults (ages 25-54) who are in the labor force, as these individuals are typically not in school or retired. Relative to the 83.0 percent prime-age labor force participation rate prior to Great Recession in 2007, the current 82.2 percent rate reflects the continued non-participation of 1 million prime-age Americans. So far in Q4 (October and November) of 2018, 73.2 percent of adults entering employment are coming from out of the labor force rather than from unemployment (see figure). This suggests that firms are finding workers who are not currently in the labor force and that those adults who are currently out of the labor force remain relevant for understanding further increases in employment.

Total nonfarm payroll employment rose by 155,000 jobs in November, continuing a historic streak of positive job gains, the BLS employer survey found. Despite being lower than recent months and lower than expectations, job gains remain strong in 2018. Including November and revisions to September and October, employment growth averages 206,000 jobs per month in 2018—exceeding the average monthly gains in 2016 (195,000) and 2017 (182,000). So far in 2018, the economy has added at least 100,000 jobs every month and is on track to do so for a full calendar year for just the second time since 2000. Since President Trump was elected in November 2016, the U.S. economy has created 4.6 million jobs.

Job gains were apparent in most industries, including significant gains in transportation and warehousing (25,000) and in manufacturing (27,000). Overall manufacturing has added 468,000 jobs since the election. The average monthly manufacturing job gains since President Trump’s election is 20,000 per month compared to 8,000 per month in the four years prior.

This month’s employment situation report is a continuation of the strong jobs growth that has been a staple of the economy under this Administration. The low unemployment rate and the consistent employment gains which have exceeded 100,000 jobs every month this year are testaments to the effectiveness of the Administration’s economic policies.

My Post-76

Here is more information regarding Key U.S. Economic Assessments:  Strong and Stable by Jeffrey M. Jones of GALLUP

STORY HIGHLIGHTS

  • Economic Confidence Index at +31 in November
  • Fifty-five percent rate current economic conditions positively
  • Record-tying 68% say it is a good time to find a quality job

Bottom Line

Americans’ assessments of the U.S. economy have trended upward over the past decade as unemployment has registered nearly 50-year lows, the stock market has reached record highs and the economy has had one of its longest sustained periods of expansion. Americans are not as exuberant about the economy as they were during the late 1990s and early 2000s, perhaps because the pace of economic growth has not been quite as fast as it was back then, with annual increases in the gross domestic product consistently below 4% compared with increases of 4% or better from 1997 through 2000. Additionally, at that time the U.S. federal budget had surpluses rather than deficits. Americans’ memories of the Great Recession, or Democrats’ concerns about President Donald Trump and his policies, may also be holding their present optimism about the economy in check. Even so, it has been nearly two decades since Americans have been as positive about the U.S. economy as they are now, and the recent volatility in the stock market so far appears to have done little to shake their confidence.

GALLUP POLL

Advertisements

Special Counsel is Not So Special After All – A True Witch Hunt – 12/11/2018

There is “NO” Russia collusion.  No smoking gun….!

“This special counsel whose job is only to find Crimes, not Sins, will blur the lines between crimes and sins and write a report designed to put the President in a BAD LIGHT. But, in the end, they will not be able to find ANY SPECIFIC VIOLATIONS OF FEDERAL CRIMINAL STATUTES, UNLESS THEY STRETCH these vague laws, such as obstruction of justice, beyond any recognition.”  Alan Dershowitz

Comey should never have written a report, it should have been a Justice Department Official who should have written a report.  Prosecutors are supposed to do this:  Up and Down, Indict, not Indict. If you have the evidence of crimes indict.  If you don’t, just shut up.

The upcoming report from the special counsel should only uncover crimes that occurred before he, Comey, was appointed.  Most the crimes occurred after he was appointed (i.e., lying, lying to Congress, lying to prosecutors), and crimes that are unrelated to his mandate (Manafort, financial crimes, etc.). The only crimes related to Russia are done by Russians! No one is going after these Russians.

This entire fiasco schemed by Hillary, Comey, Strzok, Page, et al. and their fake dossier paid for by Hillary, was presented to the FISA court as a true statement of facts several times.  We now find out that it was lies.  So, if a court finds out that such a case has taken place, shouldn’t that court end the entire investigation, since it is based on LIES?

This special counsel went after people who supported President Trump and they had a target on their back.  As the pundits say:  there are two kinds of laws, one for those who stand up for President Trump and One for the left, they commit crimes and never pay for them.

It is unheard of:  Hillary Clinton deleted 30,000 emails, sold U.S. Uranium reserves to Russia, paid Millions for the Steele Dossier filled with lies about President Trump, passed it off as true facts and is not being investigated OR indicted and is being protected by the likes of Comey, Brennan, Obama, etc.  No investigation. Let us not forget the money laundering scheme called the “Clinton Foundation”.  Whistleblowers have come forward to a top Congressman in North Carolina about potential illicit activity at the Clinton Foundation. Let’s hope these whistleblowers don’t appear dead in an alley as all those who have come forward in the past and who ended up dead.

In 2008, when Obama’s campaign was guilty of $2 million in campaign finance violations, the Justice Department decided not to prosecute.

Comey, Brennan, Clapper all lied to Congress – the DOJ/FBI cannot investigate themselves.

 

From Fox News: Outgoing House Intelligence Committee Chairman Devin Nunes (R-Ca) reacted to reports that a recently uncovered FBI email chain may show that the FISA warrant process was abused by officials seeking to collect intelligence on Trump associate Carter Page.

Nunes, who is expected to be replaced by current ranking member Rep. Adam Schiff (D-Calif.) as head of the committee, spoke to Sean Hannity about the reports.

He said that the Republicans on his committee have been pushing House leadership to un-redact parts of documents that he believes show that there were indeed abuses in the way the warrant on Page was obtained.

Nunes said that a lot of information about the validity of the Trump-Russia dossier composed by ex-British Spy Christopher Steele may have been withheld in the process of obtaining the warrant.

He said that several officials had “reservations” about the dossier.

Nunes said it would be crucial news if there indeed was a concerted effort to withhold vital information about the accuracy of the claims made about Trump in the dossier.

As I see it, the left commits crimes every day and they are not being held accountable.  They wanted to seal the deal.  The left wanted total control.  They cheated and still could not win.  Can’t change what GOD has ordained. So, they cooked up a plan to demonize this President to make him unelectable.  Patriots are awake. We are all aware of what is going on. Let us pray that truth and honor prevail.  President Trump is saving America, while the left is unwilling to give up. If they do, the truth will lock them all up.