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U.S. Jobs, Pay Show Solid Gains in Trump's First Full Month (bloomberg.com)
Two anonymous reader share a Bloomberg report: U.S. employers added jobs at an above-average pace for a second month on outsized gains in construction and manufacturing while wage growth picked up, as the labor market continued its steady improvement in the new year. The 235,000 increase followed a 238,000 rise in January that was more than previously estimated, the best back-to-back rise since July, a Labor Department report showed Friday in Washington. The unemployment rate fell to 4.7 percent, and wages grew 2.8 percent from February 2016. While unseasonably warm weather may have boosted the payrolls count, the data represent President Donald Trump's first full month in office and coincide with a surge in economic optimism following his election victory.
combined with unconstrined spending
You are aware, right, that it's not the president that does the spending, it's Congress?
Because had we voted for Hilary there would be fewer robots?
Hell yeah! We will completely ignore that monthly job gains were even higher in the last month of Obama's presidency, as reported in the summary, and even higher still in February 2016, which preceded the election. But wait, also the same thing in 2015, which preceded Trump's nomination. Bit of a dip in 2014, but even higher numbers in 2013.
This totally supports your argument, so long as you avoid thinking about anything connected to reality.
1-Month Net Change: All employees, thousands, total nonfarm, seasonally adjusted
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 211 286 130 197 226 162 122 261 190 212 258 47
2014 190 151 272 329 246 304 202 230 280 227 312 255
2015 234 238 86 262 344 206 254 157 100 321 272 239
2016 126 237 225 153 43 297 291 176 249 124 164 155
2017 238(P) 235(P)
So, you think that "employment" is an instantaneous measure of political prowess? Here'n all, I was under the mistaken premise of large-economy economics that it takes lots of work to create a sustainable grows in jobs, like more than the first two months. Gee, I wonder why it took Obama so-o-o long to reverse the downward spiral in jobs he inherited from Bush...probably not very good at his job, I suppose.
Now I haven't followed a damn thing he did but I don't recall hearing anything about specific job improvement strategies. Plus it's been ONE month. So is it safe to say this is just something that sort of happened?
complete and utter bullshit. The US has one of the lowest effective corporate tax rates in the world. They are sitting on it overseas because they want to pay NO taxes at all. And they don't like it because they wiggled out from under the taxes in such a way that the money is stick in their tax havens, unable to be used.
Meh.
Previous 3 Febs had roughly the same numbers.
Economy & previous policies keep on trucking.
There are two types of people in the world: Those who crave closure
An interesting question. I've never had anyone questing the 'common knowledge' before and it occurred to me that while I've heard this I never bother to google it.
Although If i had cared before I probably would have and I would suggest you do when you have such questions.
https://www.americanexpress.co...
https://www.washingtonpost.com...
https://www.thebalance.com/pol...
I didn't cherry pick these these were just on the top of the relevant results in google. Before you react it is good to research.
âoeTolerance applies only to persons, but never to truth. Intolerance applies only to truth, but never to persons.
It is well known that the United States has the highest corporate income tax rate among the 35 industrialized nations of the Organisation for Economic Co-operation and Development (OECD).[1] However, it is less well known how the United States stacks up against countries throughout the entire world. Expanding the sample of countries and tax jurisdictions to 188, the U.S.’s corporate tax rate of almost 39 percent is the third highest in the world, lower only than the United Arab Emirates’ rate of 55 percent and Puerto Rico’s rate of 39 percent. The U.S. tax rate is 16.4 percentage points higher than the worldwide average of 22.5 percent and a little more than 9 percentage points higher than the worldwide GDP-weighted average of 29.5 percent. Over the past ten years, the average worldwide tax rate has been declining, pushing the United States farther from the norm. https://taxfoundation.org/corp...
see also: https://en.wikipedia.org/wiki/...
If you're scared of your govt then you need to further restrict its powers
Vote 3rd Party in 2016 and beyond
So what exactly did the US Government do in that first month to create all those jobs? After all, if you can implement policy on day one and see that translate into an economic boost within a month, that is some good policy that governments would want to imitate all over the world.
It's actually quite simple - you have a leader who says he wants to put his country first and that makes investors and business people feel good enough to expand existing businesses and start new ones. That's why the stock market rallied after Trump's election - it's not based on an actual policy but a feeling.
Obama's "you didn't build that" bullshit cost more people more jobs that you can imagine.
You are full of shit. This was the 76th consecutive month of job growth. The stock market went up 50% over Obama's terms. Things are still just chugging along.
Speaking as a business owner, we always tend to hire more in the first quarter of the year. Our productivity suffers between Thanksgiving and the New Year because of all the vacations. It has been this way for us for the last 30-40 years. This isn't news, it's cyclical business behavior.