The Trump Effect: Payrolls rise by 223,000 in May, jobless rate drops to 3.8%

[TalkRadio]

The U.S. economy continued to add jobs at a solid clip in May, with nonfarm payrolls up 223,000 while the unemployment rate was 3.8 percent, the Bureau of Labor Statistics reported Friday.

Economists had been expecting payroll growth of 188,000 and the jobless to hold steady at 3.9 percent.

The unemployment rate was last this low in April 2000.

https://www.cnbc.com/2018/06/01/nonfarm-payrolls-may-2018.html

 

[bbvi]

BLACK UNEMPLOYMENT RECORD LOW


DUMZ n LIBZ miffed

 

[AnAmericanDarling]

You two are forgetting that Bergner's, Sears, and J.C. Penney's all over the nation are closing their doors and people working there are losing their jobs.

Are you miffed now?

 

[Rightguide]

You two are forgetting that Bergner's, Sears, and J.C. Penney's all over the nation are closing their doors and people working there are losing their jobs.

Are you miffed now?

Probably not since the nature of capitalism is the failure of inefficient business and more efficient rising from their ashes.

 

[Rightguide]

Atlanta Fed has the trump economy pushing 5% in the second quarter. Obama never saw 3% in 8 years and told the world that was the new reality for the American economy.

 

[Carnal_Flower]

Harley Davidson

Carrier

You two are forgetting that Bergner's, Sears, and J.C. Penney's all over the nation are closing their doors and people working there are losing their jobs.

Are you miffed now?

 

[bbvi]

Probably not since the nature of capitalism is the failure of inefficient business and more efficient rising from their ashes.

 

[DawnODay]

BLACK UNEMPLOYMENT RECORD LOW

Everybody wins!

The U.S. economy continued to add jobs at a solid clip in May, with nonfarm payrolls up 223,000 and the unemployment rate falling to an 18-year low of 3.8 percent, the Bureau of Labor Statistics reported Friday....

Unemployment for blacks fell to a record-low 5.9 percent....​

J. Cox, Nonfarm payrolls increase by 223,000 in May, vs 188,000 estimate, CNBC (Jun. 1, 2018) (emphasis added).

The overall unemployment rate hit 3.8 percent, the lowest it has been since April 2000. Since 1955, after a postwar period of below-3-percent unemployment, the rate has been lower than it is now — 3.8 percent — in 27 months. Before 2000, the most recent time the unemployment rate was so low was in 1970.

But another metric hit a historic number. The unemployment rate among black Americans is now at 5.9 percent, the lowest it has ever been recorded....

Perhaps as important, the black unemployment rate has never been closer to the white unemployment rate....

Usually when black unemployment draws closer to white unemployment, it’s a function of spiking white unemployment rates. That’s not the case now.

As of May, the black unemployment rate is 2.4 points higher than the white unemployment rate, the first time it has ever been less than 3 points higher.​

P. Bump, The black unemployment rate has never been closer to the white unemployment rate, Washington Post (Jun 1, 2018) (emphasis added).

https://izquotes.com/quotes-pictures/quote-a-rising-tide-lifts-all-the-boats-john-f-kennedy-307382.jpg

 

[Hypoxia]

The trade wars are just starting. Tromp's targets are retaliating. Take cover.

 

[WoundedKnee]

You two are forgetting that Bergner's, Sears, and J.C. Penney's all over the nation are closing their doors and people working there are losing their jobs.

Are you miffed now?

Show me a silver lining and I will find the cloud. Call me Lil' Abner....

 

[WoundedKnee]

The trade wars are just starting. Tromp's targets are retaliating. Take cover.

https://www.youtube.com/watch?v=Z0GFRcFm-aY

 

[WoundedKnee]

In more ways that she/he/shit imagines.

 

[Bray123]

Everyone with even half a brain knows that an economy the size of the UK, never mind the US takes some turning.

It takes years for any fiscal policies to affect jobs, balances of payments etc in any meaningful way. This does not stop cheap politicians from claiming credit in those areas within a few months. It takes at least five years for any realistic assessment of performance; try waiting until the next election before shouting that it's all Dobbin's work because until then it ain't.

 

[WoundedKnee]

OMG!

I just addressed this issue in another thread and presaged just this reaction...


"It's THE Obama Economy STUPID!!!"


lo-fawkin'-l

 

[WoundedKnee]

It took a decade to turn that aircraft carrier around and now the ORANGE ORANGUTAN is running it into the reef!

 

[bbvi]

Everyone with even half a brain knows that an economy the size of the UK, never mind the US takes some turning.

It takes years for any fiscal policies to affect jobs, balances of payments etc in any meaningful way. This does not stop cheap politicians from claiming credit in those areas within a few months. It takes at least five years for any realistic assessment of performance; try waiting until the next election before shouting that it's all Dobbin's work because until then it ain't.

brayin at the wind