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.

Comments

Re:Yeah

[DRJlaw]

The business world has an over-abundance of confidence in where the US is heading at this point which are driving these numbers. These numbers were precipitated by Obama over his last 8 years but to be honest he never inspired this level of confidence.

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)

Re:Yeah

[nobuddy]

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.

Re:Yeah

[fish_in_the_c]

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.