June Payrolls +224,000, Unemployment 3.7% which is better than a year ago

Here is something rather pleasing out of the news on the economy IMO.. I have no idea how many times, this last quarter, I have heard the economy is getting ready to crash by such truthful news gatherers such as CNN and certain Wall Street pundits that I have lost count...Not that I was counting anyway but I did hope they were wrong.. Well my hopes and desires seem to have been fulfilled judging by these latest job and unemployment numbers.
Full title is : MAGAnomics – Jobs, Jobs, Jobs – June Payrolls +224,000, Unemployment 3.7%, Private Wage Growth 3.2%…

These are stunningly numbers. The 224k new jobs this month is higher than same month last year (2018). The Main Street economy is continuing to expand. Private sector growth in wages continues to run above 3% for the 11th straight month. Wage Growth is a critical driver because over inflation is around 1.3%. Wage growth is more than double inflation.

Key Point: Economic numbers, statistics, are subject to narrative engineering. Those pushing a negative economic narrative are Wall Street pundits. Wall St. has a self-interest to push negative economic news to get lower interest rates. Lower interest rates means cheap money and a higher stock market.

theconservativetreehouse.com...-165892

I always think about Obama saying something along the lines that it would take a magic wan to fix the economy.. Not really just lower taxes and bring jobs back from overseas is a good start..

I have no doubt that some Orange Man Bad, Trump and America hater, will come by and and try to disparage these numbers.. To which I say the numbers speak for themselves.

So unemployment is up a tick from last month.

and wage growth is still stagnant.

The economy is measured by spending. People still do not have money to spend freely.



Plus... last months report really disappointed so this can be looked at as an adjustment.

originally posted by: 727Sky

I have no doubt that some Orange Man Bad, Trump and America hater, will come by and and try to disparage these numbers.. To which I say the numbers speak for themselves.

Bwahahahahahaha!!!!!!!!!!!!!

on cue!

originally posted by: Sillyolme
So unemployment is up a tick from last month.

and wage growth is still stagnant.

The economy is measured by spending. People still do not have money to spend freely.



Plus... last months report really disappointed so this can be looked at as an adjustment.

Why, silly, do you not accept the fact that the economy is better than it has been in over a decade? Not only do the government statistics bear that out, bit so does the "eye test".

I work in the manufacturing industry, you know, the backbone of any non agricultural based economy? I can tell you for a fact, that the economy is steadily getting better and better. Many companies cant keep up with orders, and the purchase of new equipment is now at levels not seen this century.

Wage growth is not stagnent, for the first time in many years. Why would you lie about that?

Most economist attribute last months lower than expected job numbers to the massive flooding in flyover country. People can't hireb or work when they are underwater, in a disaster zone.

Lastly, consumer spending is not considered to be the full measure of the economy, by any credible economist.

If you really want to see the unemployment in America, just walk along any street in the city and see the homeless.

That will give you the "TRUE" outlook on the employment situation in America.

Figures are like ice cream , they just melt away before you can lick from the spoon.

originally posted by: musicismagic
If you really want to see the unemployment in America, just walk along any street in the city and see the homeless.

That will give you the "TRUE" outlook on the employment situation in America.

Figures are like ice cream , they just melt away before you can lick from the spoon.

Well my friend with the 20 or 30 million illegals in the country (and more arriving every day) I would expect to see people living on the street in the sanctuary cities just like they are according to reports.

originally posted by: musicismagic
If you really want to see the unemployment in America, just walk along any street in the city and see the homeless.

That will give you the "TRUE" outlook on the employment situation in America.

Figures are like ice cream , they just melt away before you can lick from the spoon.

That comment is nonsense.

For the homeless situation (which I agree is an issue) to be relevant to the overall economy, you would have to make a case that those people who are mentally, and physically able, have gotten themselves "presentable", and want/actively seek employment.

I don't think you can make that case, at all.

Many homeless ppl also have mental, and addiction problems, and are not really employable.

Homelessness is an issue, but it is not related to the state of tge economy, IMO.

originally posted by: Mach2

originally posted by: musicismagic
If you really want to see the unemployment in America, just walk along any street in the city and see the homeless.

That will give you the "TRUE" outlook on the employment situation in America.

Figures are like ice cream , they just melt away before you can lick from the spoon.

That comment is nonsense.

For the homeless situation (which I agree is an issue) to be relevant to the overall economy, you would have to make a case that those people who are mentally, and physically able, have gotten themselves "presentable", and want/actively seek employment.

I don't think you can make that case, at all.

Many homeless ppl also have mental, and addiction problems, and are not really employable.

Homelessness is an issue, but it is not related to the state of tge economy, IMO.

that is a fantastic point. First, you have to want to work. Second, you have to understand priorities. If getting high is higher on your priority list than feeding your family, you aren't really going to do anyone any favors with your contribution to society. In my little area, there are more help wanted signs then I have ever seen. You have to not want to work in order to not have a job in this area.

originally posted by: Sillyolme
So unemployment is up a tick from last month.

and wage growth is still stagnant.

The economy is measured by spending. People still do not have money to spend freely.

Plus... last months report really disappointed so this can be looked at as an adjustment.

The best economy in my lifetime was between 1996 and 2000. I don't know why those years were so good but I had more than enough money to buy everything I wanted. Many of my friends were paying off their houses. And then the clamps came down.

I've always wondered if the economy is engineered to have scarcity and poverty by design. With HUGE increases in automation you would think we would be living in a land of milk and honey.

originally posted by: network dude

originally posted by: Mach2

originally posted by: musicismagic
If you really want to see the unemployment in America, just walk along any street in the city and see the homeless.

That will give you the "TRUE" outlook on the employment situation in America.

Figures are like ice cream , they just melt away before you can lick from the spoon.

That comment is nonsense.

For the homeless situation (which I agree is an issue) to be relevant to the overall economy, you would have to make a case that those people who are mentally, and physically able, have gotten themselves "presentable", and want/actively seek employment.

I don't think you can make that case, at all.

Many homeless ppl also have mental, and addiction problems, and are not really employable.

Homelessness is an issue, but it is not related to the state of tge economy, IMO.

that is a fantastic point. First, you have to want to work.

Greed is a key motivator in getting people to want to work!

originally posted by: network dude

....................
I have no doubt that some Orange Man Bad, Trump and America hater, will come by and and try to disparage these numbers.. To which I say the numbers speak for themselves.
....................

Bwahahahahahaha!!!!!!!!!!!!!

on cue!

I wonder ..... for all of you that acknowledge the power of 'orange man bad', do you consider there is an equal but opposite hypocrisy of 'orange man good'?

Did all of you, that celebrate this heavily manipulated statistic, cheer as much when these wonderful numbers were presented under obama's term? Were they maybe manipulated during that time but are honest now?

Are you going to claim that anyone that isn't cheer-leading or RaRa'ing these numbers are the opposition. Are you going to attach labels of liberal or nazi to those that disagree? What happens if they hold views similar to your own of limited government and freedom to state opinions?

Is our society suddenly wonderful and heading in the right direction now? All simply because 'orange man good'? That one man has all of the power. The power of improving our entire society which includes employment? He is supreme? Does he really have this power?

I am not trying to judge the overall economy based upon my personal experiences however good they currently are. I also recognize that main stream media doom is also created to sell their product. Truth is somewhere in the middle, but come on.

Orange man good is becoming just as much of a farce as Orange man bad. Maybe it always was this way but hope got in the way for a while there.