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August jobs report showed a strong economy — and that's very bad for Democrats

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posted on Sep, 16 2019 @ 12:21 AM
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Recession Already Grips Corners of U.S., Menacing Trump’s 2020 Bid



The moment usually comes during Greg Petras’s commute through the rolling hills and cornfields of southern Wisconsin. Somewhere between his home near Madison and the factory he runs on the edge of the small town of Brodhead, the news will turn to the trade wars and Donald Trump will again claim that China is bearing the cost of his tariffs. That’s when Petras loses it.

“It’s just an outright lie, and he knows it,” says Petras, president of Kuhn North America, which employs some 600 people at its farm-equipment factory in Wisconsin. For Kuhn, Trump’s trade war has produced a toxic mix of rising costs and falling revenues. “You’re slamming your fist on the steering wheel and saying ‘Why would you tell people this?’”

About 250 Kuhn employees spent the Labor Day holiday caught in a two-week furlough, and they’re facing another in early October. A shrinking order book means Kuhn is cutting costs and slashing production as Petras and his managers peer out at a U.S. economy that looks far bleaker from the swing-state heartland than it does in either the White House or on Wall Street.



In 22 states—including electorally important ones like Wisconsin and Pennsylvania—the number of people working in factories actually fell in the first seven months of this year, according to figures compiled by the Economic Innovation Group, a think tank.




posted on Sep, 16 2019 @ 12:37 PM
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a reply to: rnaa

So some markets went up some went down.

Shocking.



posted on Sep, 21 2019 @ 09:36 PM
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a reply to: OccamsRazor04



So some markets went up some went down. Shocking.


What is your point then?

You based this thread around a FALSE report on labor statistics SHOCKING!

Your report said "the number of people employed in August increased by a very impressive 590,000," however in reality:


Falling short of expectations, the economy gained only 130,000 jobs in August, the Bureau of Labor Statistics reported on Friday.


So the claim in your opening post is ABSOLUTELY FALSE, and your commentary based on it is pure fantasy.

In fact virtually all sectors are under performing expectations except the Government which is ramping up for the 2020 census. SHOCKING!

Professional sectors are going slow because there are more jobs than candidates, they can't find people to hire. SHOCKING!

Manufacturing sectors are going slow because there aren't any orders, they aren't hiring people to stand around and do nothing (as described in my post above). SHOCKING.

The August Jobs Report Falls Short Of Expectations, But Recruiters Remain Bullish



Falling short of expectations, the economy gained only 130,000 jobs in August, the Bureau of Labor Statistics reported on Friday.

The key takeaways from the the jobs report include:

Over 157.9 million Americans are employed.
The unemployment rate stayed steady at 3.7%.
Manufacturers added only 3,000 jobs, which was disappointing.
The number of newly employed people was greatly enhanced by the addition of 34,000 government jobs, including the mass hiring of temporary census workers for the 2020 population count.

The largest gains in August were attributed to professional and business services, which added 37,000 jobs. Healthcare positions increased by 24,000 and financial services realized a gain of 15,000.



posted on Sep, 21 2019 @ 10:02 PM
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another totally clueless post from a right winger who thinks government market statistics are truthful and show the true state of the economy

CLUELESSSSSS

you guys have no idea



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