By: Brian Evans
This week, July’s economic numbers were released, and the numbers were outstanding for Americans, as it showed joblessness at a 50-year-low, with signs of a strong economy, despite the misleading rhetoric coming from the Mainstream Media outlets.
Breitbart News reported…
Over the past 12 months, average hourly earnings have increased by 3.2 percent. In August, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents to $23.59.
Unemployment among African Americans fell to 5.5 percent, the lowest level on record.
The labor force participation rate edged up to 63.2 percent in August, indicating that the strong labor market has continued to draw Americans into the workforce.
The largest job gains came from professional and business services, which added 37,000. Census hiring boosted the federal government’s hiring to 28,000 workers. Health care added 24,000 to the total while financial services increased by 15,000.
There were little to no gains in August for construction, manufacturing, transportation and warehousing, and leisure and hospitality. Holding the line on manufacturing jobs is a sign of strength given signs that manufacturing activity fell this summer.
Ironically, Democrats and the Mainstream Media have pounced on the economy, as they continue to claim that America is heading towards a recession and that manufacturing, construction, and transportation are weak, indicating near future problems! However, as Breitbart pointed out, the fact that manufacturing jobs holding when manufacturing activity fell, it indicates a strong economy, rather than the bleak outlook that the left portrays! Breitbart adds that…
The retail sector shed 11,ooo jobs, with department stores losing 15,000 jobs (partially offset by gains in other retail venues). Over the year, so-called “general merchandise” retails jobs have fallen by 80,000.
While the economy continued to grow in the second and third quarter, it has slowed from the rapid 3.1 percent rate of growth in the first three months of the year. Manufacturing appears to have contracted and business investment has been weak, with surveys indicating that uncertainty around trade policy and global economic weakness have become a drag on the U.S.
Consumer spending and the labor market have been strong. Data released Thursday showed worker compensation rising strongly and well-above inflation. Rising labor costs can promote capital investment by businesses seeking to make workers more productive.
With unemployment near 50-year lows, job growth has slowed and many businesses say they are having trouble hiring. Employment growth has averaged 158,000 per month thus far this year, compared with an average monthly gain of 223,000 in 2018.
Also, The Gateway Pundit added that President Trump’s economy has ushered in more than a half-million new jobs, and “bests Obama by 9 million jobs in his first 2 1/2 years as President!
They reported that…
According to data released this morning by the Bureau of Labor Statistics, President Trump has added more than 6 million jobs in President Trump’s term.
The same cannot be said for President Obama as during the same time he lost (2.8) million jobs. Obama was so bad at creating jobs that by the end of his second term he said that jobs were not coming back. This showed in his first two years with millions of lost jobs.
They added that…
According to the Bureau of Labor Statistics, under President Trump more Americans are in the work force than ever before. President Trump is working hard to bring good paying jobs back to the US and his efforts are showing historic results.
Meanwhile, as the Mainstream Media and Democrats continue to beat the war-drums, searching for ANY REASON to unseat a duly-elected President! Sadly, even as his successes in the Presidency benefit the American people, Democrats and their allies work diligently to try and sabotage those successes!