MAGAnomics – Jobs, Jobs, Jobs – June Payrolls +224,000, Unemployment 3.7%, Wage Growth 3.2%...

New economic report puts all the numbers that matter the most right up to the top !!

Unemployment at 3.7%

Private wage growth 3.2%

June Payrolls +++++224,000

Horrible for many I would imagine !!

I say Cool 😎

Apparently the rumors of our economic demise were greatly exaggerated. Yes, amid the gnashing teeth of the Wall Street pundits hoping for another lucrative Fed rate decrease, the Main Street economy continues to defy expectations:

“Today’s jobs report shows the U.S. economy continues to create jobs at a strong pace even as we enter the longest period of economic expansion on record.” ~Tony Bedikian, Citizens Bank.
According to the BLS Report – June saw 224,000 jobs added; and importantly the private sector wage growth knocks a very solid +3.2% year-over-year. [Table B-8] You might remember in the May 2019 jobs report 299,000 people moved from Part-Time to Full-Time employment. In today’s report total payrolls added another 224,000 workers.

MAGAnomi cs – Jobs, Jobs, Jobs – June Payrolls +224,000, Unemployment 3.7%, Private Wage Growth 3.2%…

a reply to: xuenchen

I'm loving this economy!!!!

That being said, some will come to your thread soon and point out that only the rich are making money and everyone else is doing worse now even though wages are rising and a full 17,000 of those new jobs were in manufacturing...

A sector we were never going to get back, according to the last president.

I'm still not tired of winning, however...

S&F!

a reply to: xuenchen

Top Democrats and 2020 Socialists: We can stop this damn growth and prosperity by IMPEACHING TRUMP! Come on Madam Speaker...let's stop this SOB from making America even greater!!

originally posted by: Lumenari
a reply to: xuenchen

I'm loving this economy!!!!

That being said, some will come to your thread soon and point out that only the rich are making money and everyone else is doing worse now even though wages are rising and a full 17,000 of those new jobs were in manufacturing...

A sector we were never going to get back, according to the last president.

I'm still not tired of winning, however...

S&F!

Man, I wish I would have thought to question the current spread between rich and poor. Isn't that at historical highs?

All I could think to question is how many of these jobs were illusion through the birth/death adjustment our benevolent government computes for us:

Granted the article is from 2017 but I imagine they are still doing it..

93% Of All Jobs "Created" Since 2008 Were Added Through The Birth/Death Model

As our friends at Morningside Hill calculate, a full 93% of the new jobs reported since 2008 - 6.3 million out of 6.7 million - and 40% of the jobs in 2016 alone were added through the business birth and death model – a highly controversial model which is not supported by the data. On the contrary, all data on establishment births and deaths point to an ongoing decrease in entrepreneurship.

But I am sure our government is being honest with us this time.

So many new jobs added!

And a person still cant pay rent with 3 of them.

originally posted by: ClovenSky

originally posted by: Lumenari
a reply to: xuenchen

I'm loving this economy!!!!

That being said, some will come to your thread soon and point out that only the rich are making money and everyone else is doing worse now even though wages are rising and a full 17,000 of those new jobs were in manufacturing...

A sector we were never going to get back, according to the last president.

I'm still not tired of winning, however...

S&F!

Man, I wish I would have thought to question the current spread between rich and poor. Isn't that at historical highs?

All I could think to question is how many of these jobs were illusion through the birth/death adjustment our benevolent government computes for us:

Granted the article is from 2017 but I imagine they are still doing it..

93% Of All Jobs "Created" Since 2008 Were Added Through The Birth/Death Model

As our friends at Morningside Hill calculate, a full 93% of the new jobs reported since 2008 - 6.3 million out of 6.7 million - and 40% of the jobs in 2016 alone were added through the business birth and death model – a highly controversial model which is not supported by the data. On the contrary, all data on establishment births and deaths point to an ongoing decrease in entrepreneurship.

But I am sure our government is being honest with us this time.

Why would the government lie to you? The jobs report has always been bogus. Except not anymore because Donald Trump is president.

a reply to: xuenchen

Wages are growing the fastest for lower income employees. Mid-level managers are being let go, in order to fund those wage hikes for lower tier employees.

www.marketwatch.com...

Smaller chance for promotion, but more pay to compensate for fewer promotion opportunities.

That should make the Bernie Sanders's of the country happy.

a reply to: underwerks

And you were right on time!!!

No reason to look at the little fact that we have 1.6 million more job openings than we do employees... no need to point out that wages are finally going up (the biggest increase being the lowest paid workers), let's ignore all the "help wanted" signs and most everyone we know doing better financially.

It's all been created by a statistic!

a reply to: underwerks

I've always called BS on the jobs reports from the BLS. I'm not going to stop now.

But anyone with 2 braincells to rub together can see the economy and employment are greatly benefiting from President Trump's economic policies.

Perhaps if you leftists weren't so blinded by your mindless media manufactured hate you would enjoy our country's prosperity too.

originally posted by: underwerks
So many new jobs added!

And a person still cant pay rent with 3 of them.

Probably not, if you live in a Progressive state... LOL

Perhaps those states should elect people who understand that the Progressive model doesn't work.

You seem a little triggered on this thread... happy Americans not exactly your cup of tea?

originally posted by: watchitburn
a reply to: underwerks

I've always called BS on the jobs reports from the BLS. I'm not going to stop now.

But anyone with 2 braincells to rub together can see the economy and employment are greatly benefiting from President Trump's economic policies.

Perhaps if you leftists weren't so blinded by your mindless media manufactured hate you would enjoy our country's prosperity too.

Their owners know that the less people on the government teat, the more people having decent jobs and starting to understand that more taxes=BAD, the more people who realize that they don't need their government to take care of them...

The less power is available to them. The smaller their voting base gets.

At the end of the day I can't really fault those who have been programmed by the MSM and the Democratic party to believe what they parrot.

I feel sorry for them... must suck to walk around pissed off and hating all day when everyone around you is getting happier and happier...

originally posted by: underwerks
So many new jobs added!

And a person still cant pay rent with 3 of them.

Perhaps those ppl should get an education, and marketable skill.

Ppl with those assets do not have an issue making a living in my experience.

If you are only competent, or satisfied to work a fast food, or Wally world job, what do you expect?

Most sensible ppl have 401k, and are very happy with the current economy. These are not only "rich" ppl. They have more than the have nots because they made themselves valuable, worked, and planned.

originally posted by: underwerks
So many new jobs added!

And a person still cant pay rent with 3 of them.

Nah,
That's only in those Democrat strongholds like the big cities.

a reply to: Mach2

You mean a degree in theoretical transhumanism won't pay the bills?



We need more trade schools now... more plumbers, electricians, etc.

Blue-collar jobs with 100k paychecks.

And believe it or not, architects.

THEY are the canary in the coal mine as far as an economy goes.

They are the first people dumped when an economy goes south and the last ones picked up again.

We have a shortage of architects now.

originally posted by: underwerks
So many new jobs added!

And a person still cant pay rent with 3 of them.

I get what you’re saying; but the problem is supply and demand.

When you take in other “countries” and provide them with Section 8, food stamps, healthcare, then they have many relatives move in, they can easily cover the higher rent costs.

Supply and Demand.

You can thank the Dems for that!

a reply to: Lumenari



" We need more trade schools now... more plumbers, electricians, etc."

This is 100% fact. I have been in the HVAC field 20 yrs, make damn good money, ( Entry level right out of tech school around here is 30-40k yearly, I'm right at 6 figures these days.) and could throw a dart at a map and get a job wherever it landed. There is a SEVERE shortage of skilled people in all the trades nationwide... it's like nobody wants to actually work anymore.

ETA: I also guarantee you no robot is going to take my job in the foreseeable future.

a reply to: SituationNAFU

Someone is also going to need to fix the robots.



Seriously... getting a degree to have a good life is just BS now.

I have 2 degrees and don't need them... perfectly fine doing what I'm doing, which took me 6 months to learn and I was making 6 figures in a year and then saved up enough to buy out the owner.

This new generation needs to learn to sweat and think at the same time again and they'll be fine.

But to be honest, it's not like the issue is finding a good worker anymore with some drive.

You can't even find a bad worker.

originally posted by: SituationNAFU
a reply to: Lumenari



" We need more trade schools now... more plumbers, electricians, etc."

This is 100% fact. I have been in the HVAC field 20 yrs, make damn good money, ( Entry level right out of tech school around here is 30-40k yearly, I'm right at 6 figures these days.) and could throw a dart at a map and get a job wherever it landed. There is a SEVERE shortage of skilled people in all the trades nationwide... it's like nobody wants to actually work anymore.

ETA: I also guarantee you no robot is going to take my job in the foreseeable future.

I agree about trades, and trade schools being something we need to emphasize to younger generations.

The problem goes deeper than that though.

The education system has failed a lot of ppl over the past decades. In many cases, parents haven't done their children any favors either, by not instilling a "work ethic".

I am in the manufacturing industry, and we try to hire, and train young ppl when we have the opportunity, but it's rare that they work out.

The first problem is that a high school diploma might as well be a participation trophy these days. No math skills. No understanding of basic physics. No decision making capabilities.

The second problem is work ethic. A lot of them don't get the concept of time. Neither being on time, nor the fact that they are being paid for their time.

I could go on, but that isn't really the thread topic.

a reply to: Mach2

My favorite new hire story is a young man who had potential, but you couldn't pry him off of his cellphone.

When I told him that he needed to put the damn thing down and address a situation that was going on, his response was "You don't pay for my cell phone. This is mine and it's my time!"

So I gave him all the time he needed with his cellphone by firing him on the spot.

This new generation is.... odd.

a reply to: Lumenari

He was talking to his student loan officer 😎