WebsterMark wrote on 12/06/19 at 08:10:55:Details below but huge job gains last month, 3.5% unemployment, 3.1% wage growth.
The Democrats are going to impeach the current President of this economy because he held up millions of dollars in aid destined for a corrupt country like Ukraine for a couple of weeks because former VP Biden's son was making millions in an industry which he didn't know $hit about, was clearly hired for access to Biden and in a country where the entire Russian collusion BS had it's origins?
And Democrats think those key voters in the 5 or 6 key states that swung the election to Trump care so much about Ukraine they're willing to risk this economy and switch to Elizabeth Warren and her to plan to put their kids on Medicare?
Good luck with that.
The Department of Labor delivered its November jobs report at 8:30 a.m. ET Friday. Here were the main results from the report, compared to consensus data compiled by Bloomberg:
•Change in non-farm payrolls: +266,000 vs. +180,000 expected and +156,000 in October
•Unemployment rate: 3.5% vs. 3.6% expected and 3.6% in October
•Average hourly earnings month over month: +0.2% vs. +0.3% expected and +0.4% in October
•Average hourly earnings year over year: +3.1% vs. +3.0% expected and +3.2% in October
The latest jobs report also included upward revisions to both September’s and October’s headline payroll figures. September’s change in total non-farm payrolls was revised up by 13,000 to 193,000, while October’s level was revised up by 28,000 to 156,000. These updates raised the three-month average of job gains to 205,000.
At just 3.5%, the November unemployment rate matched September’s level for the lowest since 1969. The total labor force participation was nearly unchanged at 63.2%, just a hair below October’s 63.3%, which had reflected the largest share of the working population employed or looking for work since 2013.
And the low unemployment, wage gains, etc etc are after the gloom and doom from the NPR morons when illegals wearing ankle bracelets no less got deported form the chicken plant, and the trade war hand wringing bs.
When clueless Idiots figure out that its because of those things, not in spite of, then Idiots of NPR gain a tiny sliver of credibility.
In my field wages have begun to move (after 15+ yrs of being depressed) and more importantly real companies - not just middle men and sub contracting companies forwarding your resume - have begun to start calling people back in response to sending your resume/applying. Again the squeeze on fraud and abuse by H1 centric employers. So when the fools stop parroting the "high tech sector is affected etc etc" again 0 credibility.
BTW my neighbor is a huge Trump hater (being black, gay and from NYC) and he told me he's been making more runs to BCA (bicycle corporation of America etc picking up bicycles and well as taking them stuff from other places) I tell him, huh, how many were doing a few yrs ago. He said - I've never heard of them. I said - yup, trade war special. He looked like someone had just slapped him.
There was an Idiot on the radio again NPR show a few months ago who said all the jobs are import based where dock workers and all those people are hurting. Those fools should have pointed out, you can export the same amount and docks will be busier, or you can manufacture and dock workers can just work at the factory and there will be more and better jobs for them. These fools just let it pass. So millions of people are thinking no imports = no jobs. And when these fools get degrees in whatever crap, they carry this information forward. Making stuff will always create more jobs than importing. BCA assembles bicycles, tariff them till they start making all the parts, then I don't have to keep fixing the Chinese crap with more Chinese crap. BTW schools are making kids write essays on "benefits of sanctuary cities". I recommended he write about a bird sanctuary because that is real and has real benefits, this crap is fiction and he's not got as rich an imagination.
Cool.
Srinath.
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