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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."
Really. So you think that the people who sneak across the border and are up for deportation because they've committed crimes are the ones that would be eligible for higher paying jobs in the sectors we're talking about?
Don't disappoint your bird dog. Go to the range.
Compared to the size of the population, isn't that a rounding error at best?
Not for 228,000 those people. Besides, not all people work. You have retirees, permanently disabled & children that don't participate in the workforce, so the impact is more significant that you might think, especially since it's just one month.
Taking guns away from the 99% gives the 1% 100% of the power.
This has been the rate of growth for about 8 years now, with most of it being under Obama.
Don't hide from numbers just because the party that you don't like is in power, and they are showing good numbers that will make elections tight for next year.
We know that voters will vote with their wallet as the prime consideration. Now we have real problems, that are not being reflected by the economy. However ignoring the numbers, will not help push the agenda, you need to recognize the truth and work with it.
Companies are currently optimistic about how the republicans are deregulating everything. Thus driving a renewed expression of growth.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
Voters don't vote with their wallet... they vote for whoever promises to shit on the people they don't like, and they don't care if they get shit on a little too.
Which is actually rather stupid.
Without competent people to receive materials and inspect them, the business is dead in the water. My company had had quite a hard time finding competent people who can understand the manufacturing system, the various technicalities required to inspect materials for conformity, etc. Without these people, product could not be built.
Same for shipping. We have no less than 6 major shipping companies we use. Each has separate packing requirements, documentation requirements, schedules and rates. Add to that the fact that the product is highly sensitive and requires reams of documentation, and special handling and packaging. While it's no rocket science, it's definitely not burger flipping.
When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
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.
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.