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Jobs report- record number 313,000 added in February!
https://i.imgur.com/otoN1Ur.jpg
(CNN Money) -- American businesses are on a hiring spree. The US economy added 313,000 jobs in February. That was much stronger than economists expected and the biggest gain since July 2016, according to Labor Department figures published Friday. "The headline number is pretty outstanding," says Cathy Barrera, chief economist at ZipRecruiter, a job recruitment site. The unemployment rate stayed at 4.1%, the lowest in 17 years. Wages grew 2.6% compared with a year earlier, a few notches below the pace in January. That delighted investors: The Dow opened up 150 points. More modest wage growth cools fears about inflation and rising US interest rates, both of which spooked the markets last month. The initial wage growth figure from January was revised down a notch, too. In the first two months of the year, the United States has already added more than half a million jobs. February also marked the 89th consecutive month of job gains, the longest streak since the Labor Department began keeping track in the 1940s. More Americans are coming off the sidelines and into the job market. The participation rate, which reflects people who are working or looking for a job, registered its best one-month gain in nearly eight years and is at 63%. The rate has been in long-term decline for several reasons, including Baby Boomers retiring. "We're heating up, but there's still plenty of room to pull more Americans back into the workforce," says Guy Berger, chief economist at LinkedIn. "We still have more room to run for this expansion." Job gains for December and January were both revised higher, and new positions were added across industries in February. Manufacturing businesses hired 31,000 workers. Banks and financial institutions added 28,000 jobs. Construction gained a robust 61,000 employees. Even mining firms, a job-losing industry in recent years, hired 9,000 workers. The good news on jobs stood in contrast to major concerns from business owners and advocates about the steel and aluminum tariffs that President Trump announced Thursday for all countries except Canada and Mexico. Economists have warned that industries that use steel and aluminum — from car companies to craft breweries — could face significant job losses as a result of the tariffs. The Trump administration says costs will go up marginally and won't lead to widespread job cuts. For now, though, the US job market remains the biggest strength of the economy's recovery from the Great Recession. The economy has grown, albeit slowly, for almost nine years, making this the third-longest period of growth in US history. Jobs report stronger than expected, 313,000 added in February - FOX Carolina 21 |
Trump said during the election that the jobs reports are fake and easily manipulated
Trump is a lying scumbag, proven again 19 times Trump called great jobs report numbers ‘fake’ May 31, 2014 “Unemployment is a totally phony number.” June 16, 2015 “Our real unemployment is anywhere from 18 to 20 percent. Don't believe the 5.6. Don't believe it.” Aug. 11, 2015 “Then you hear there's a 5.4 percent unemployment. It's really — if you add it up, it's probably 40 percent if you think about it.” Aug. 30, 2015 “They show those phony statistics where we are 5.4 percent unemployment. The real number, I saw a number that could be 42 percent, believe it or not.” Sept. 28, 2015 “I hear 5.3 percent unemployment, that is the biggest joke there is in this country. That number is so false.” |
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Admit it dude, you literally hope the economy crashes. |
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isnt it amazing how all of a sudden those figures are legit when he came to power? |
More jobs?? That's awful in my book.
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Where is Vendzilla who wanted to debate the "real unemployment rate".
Honestly, Trump was handed a perfect economy with a 4% unemployment rate. Guess what the unemployment rate is today. 4%. Obama cut the unemployment rate by more than half when he was in office, Trump can't seem to move it a single percentage point. #winning. |
Wall Street Journal: "The economic expansion—already the worst on record since World War II—is weaker than previously thought, according to newly revised data.
From 2012 through 2014, the economy grew at an all-too-familiar rate of 2% annually, according to three years of revised figures the Commerce Department released Thursday. That’s a 0.3 percentage point downgrade from prior estimates. The revisions were released concurrently with the government’s first estimate of second-quarter output. Since the recession ended in June 2009, the economy has advanced at a 2.2% annual pace through the end of last year. That’s more than a half-percentage point worse than the next-weakest expansion of the past 70 years, the one from 2001 through 2007. While there have been highs and lows in individual quarters, overall the economy has failed to break out of its roughly 2% pattern for six years. The Worst Expansion Since World War II Was Even Weaker Daily Caller: "Over the first five years of Obama’s presidency, the U.S. economy grew more slowly than during any five-year period since just after the end of World War II, averaging less than 1.3 percent per year. If we leave out the sharp recession of 1945-46 following World War II, Obama looks even worse, ranking dead last among all presidents since 1932. No other president since the Great Depression has presided over such a steadily poor rate of economic growth during his first five years in office. This slow growth should not be a surprise in light of the policies this administration has pursued." The Obama Economic Record: The Worst Five Years Since World War II Facts are facts. :pimp |
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Meanwhile Chinas at 6.5% Compare any country you want.. flip to 10 year graph https://tradingeconomics.com/united-states/gdp-growth https://tradingeconomics.com/australia/gdp-growth https://tradingeconomics.com/canada/gdp-growth https://tradingeconomics.com/france/gdp-growth https://tradingeconomics.com/united-kingdom/gdp-growth https://tradingeconomics.com/germany/gdp-growth Note.. THEY ARE ALL THE SAME, WORLD WAS IN RECESSION AFTER BUSH. Obama didn't put you there.. he's the one who funking saved you from tanking. |
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