May’s jobs report is not great, but not necessarily bad. It does not help that the Labor Department revised down the otherwise great April and March jobs reports.
The economy only added 75,000 jobs, but the unemployment rate stayed at 3.6%.
Jobs
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House Passed Bill to Allow 529 Savings to Cover Training, Apprenticeships
The House of Representatives passed the 529 OPTIONS Act on Thursday, 417-3.
The media has concentrated on parts of the bill that helps people with retirement plans, but I believe the portion that allows people to use 529 savings on training and apprenticeships deserves more attention.
Economy Boom: April Added 263,000 Jobs, Unemployment at 50 Year Low 3.6%
President Donald Trump has another stellar job report under his belt. Economists predicted 190,000 jobs in April, but the report shows the month added 263,000 jobs while the unemployment rate went down to 3.6%.
The unemployment rate has not hit 3.6% since 1969.
March Madness: Report Shows 196,000 New Jobs, Unemployment Rate at 3.8%
The March jobs report showed a rebound with hiring as the economy added 196,000 jobs and the unemployment rate stayed low at 3.8%.
For 102 months, U.S. employers have added jobs, which makes it the longest streak.
Ouch: Economy Only Added 20,000 Jobs in February
Holy cow, what a drop off. The February jobs report shows the economy only added 20,000 jobs last month. Experts predicted 180,000 jobs.
However, the unemployment rate fell to 3.8%.
Unions, Democrats Plead With Amazon in Open Letter to Return to NYC
Unions and Democrat politicians asked Amazon to come back to Long Island City, Queens, in an open letter in The New York Times. They wrote:
New Yorkers do not want to give up on the 25,000 permanent jobs, 11,000 union construction and maintenance jobs, and $28 billion in new tax revenues that...
Above Expectations: GDP Increased 2.6% in Fourth Quarter
The gross domestic product (GDP) in the last quarter of 2018 grew 2.6%, which exceeded expectations. This is the first time since President George W. Bush that we had four straight quarters with GDP growth 2% and up.
January Jobs Report Crushes Expectations With 304,000 New Jobs
The economy added 304,000 jobs in January, the 100th month in a row with growth. Experts predicted only 107,000 jobs in January.
Labor force participation (LFP) is the highest it’s been since 2014 at 63.2%.
Average hourly wages only grew by 0.1%, but overall it’s up 3.2% from a year ago. The unemployment...
December Jobs Report Smashed Expectations With 312,000 Jobs
Economists predicted we’d only see around 176,000 new jobs in December 2018, but the jobs report showed employers added 312,000 jobs instead.
2018 also went out with a bang by averaging 220,000 new jobs every month, which is the best average since 2015.
More Senior Citizens Have Entered the Fast-Food Job Market
Bloomberg has reported that more senior citizens have entered the fast-food market as those restaurant chains have actively aimed to recruit this age demographic.
Yes, the job market is tight, but the senior citizens have what teenagers lack: social skills and punctuality.
Report: Blue-collar Job Growth At Highest Level In 30 Years
While everyone is focusing on anti-Trump derangement, the blue-collar job sector has been quietly bouncing back. According to the Brookings Institution, blue-collar job growth is at its highest level since 1984.
Failure: The $1.7 Billion Federal Job Corps Program Doesn’t ‘Demonstrate Beneficial Job Training Outcomes’
The Department of Labor’s Job Corps program receives an annual budget of $1.7 billion dollars. You’d think a program that is a sacred cow to people on both sides of the aisle and with that budget pushes out success after success.
Nope. This Great Society program birthed by JFK’s brother-in-law R. Sargent...
Consumer Confidence at Its Highest Since 2000
Overall the jobs reports during President Donald Trump have shown stellar economic growth with low unemployment and almost more jobs than job seekers. More jobs means more money for people, which means more money poured into the economy.
More news came out today as the research group The Conference Board
Weekly Jobless Claims Dropped to Lowest Level Since 1969
The Labor Department reported on Thursday that weekly jobless claims in America has dropped to its lowest level since December 1969. Economists predicted 220,000, but the number is actually 207,000.
Media Beclowns Itself Over Trump Jobs Report Tweet
The leftstream media went into full meltdown mode Friday after President Trump tweeted that he was looking forward to the jobs report.
With the speed of the ace reporters of yore leaping into action when an actual story breaks, they all leaped to their keyboards and tapped out stories about how Trump...
Bernie Sanders Wants the Government to Give Everyone a Job
Bernie Sanders has a plan to put every American to work – for the United States government. Once again, Sanders thinks big government is the answer to a problem.
U.S. Manufacturing Just Posted Best Year Since 2004
At a town hall meeting in 2016, then President Obama said of manufacturing: “Some of those jobs of the past are just not going to come back.”
With that in mind, it’s very interesting to learn that manufacturing in the United States is up. Way up.
