economy

BOOM! TRUMP BRINGS HISTORIC MANUFACTURING JOBS FOR NOVEMBER SINCE 2002 – BUT OBAMA SAYS THEY’RE NOT COMING BACK :(

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Payroll company ADP reported the largest monthly increase in manufacturing jobs ever in their history for November since 2002:

 

  • Private payrolls increased by 190,000 in November, ahead of analyst expectations of 185,000 but less than the 235,000 in October.
  • Manufacturing had its best month of the year with 40,000 new jobs. Service-oriented industries grew by 155,000.
  • Moody’s economist Mark Zandi says the jobs market is “red-hot” and there’s a danger it could “overheat” in 2018.

 

ADP Services Reports Largest Number of New Manufacturing Jobs in History – 40,000 New Manufacturing Jobs in November

 

Charles V Paynetweets about the economy:

  • Manufacturing Renaissance Talk about promises kept…the revival of American manufacturing is staggering. In the ADP report 40,000 new manufacturing jobs were created in November the highest number ever for the report (back to 2002). Talk about
  • US Household Net Worth Soars in Third Quarter to $96.9 Trillion

 

Obama about manufacturing jobs in June 2016:

“When somebody says like the person you just mentioned who I’m not going to advertise for, that he’s going to bring all these jobs back. Well how exectly are you going to do that? What are you going to do? There’s uh-uh no answer to it. He just says. “I’m going to negotiate a better deal.” Well how? How exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer.

 

FACT: 12 Years Since GDP Grew 3% in 3 Straight Quarters

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12 Years Since GDP Grew 3% in 3 Straight Quarters

(CNSNews.com By Terence P. Jeffrey ) – With the Bureau of Economic Analysis announcing today that, according to its second estimate, real Gross Domestic Product grew at an annual rate of 3.3 percent in the third quarter–following a second quarter rate of 3.1 percent–the United States took a step toward doing something it has not done in more than 12 years: seeing the economy grow at an annual rate of 3.0 percent or better in three straight quarters.

That milestone would be reached if real GDP were to grow at a rate of 3.0 percent or better in the fourth quarter of this year.

The last time real GDP grew at an annualized rate of 3.0 percent or better for at least three straight quarters was in 2004-2005, according to data published by BEA.

In each of the four quarters from the second quarter of 2004 through the first quarter of 2005, real GDP grew at an annual rate that exceeded 3.0 percent.

 

Read more: 12 Years Since GDP Grew 3% in 3 Straight Quarters

 

BOOMING TRUMP ECONOMY: GDP 3.3% INCREASE – fastest pace in three years

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Gross domestic product grew at a 3.3 percent annualized rate in the July through September period, an increase from the previous estimate of three percent. The increase means economic growth was stronger in the third quarter than previously believed despite the damage done by hurricanes Harvey and Irma

The revision also shows that the economy has been growing at a rate closer to what President Donald Trump said he would achieve than what many economic forecasters thought was likely.

Consumer spending grew at a 2.3 percent rate. Corporate pretax earnings rose 5.4 percent compared with a year earlier.

 

Read more: BOOM! Third Quarter GDP Revised Up to 3.3%

 

 

 

 

 

 

Under Trump, Both Red and Blue States Experience Historic Drop in Unemployment Numbers

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Mercedes-Benz Production At Bremen Factory

 

  •  Jobless claims remaining below 300,000 – the longest streak since 1970.

 

IJR by WILL RICCIARDELLA | NOV 17, 2017

The unemployment rates in 13 states have hit record lows in October since the federal government first started recording state-level data, according to The Hill.

“The unemployment rates in Alabama, Hawaii, Maine, Mississippi, Tennessee, Texas and Washington all met or beat their lowest rates ever recorded by the Bureau of Labor Statistics (BLS), according to the agency’s monthly report issued Friday,” The Hill reported. “California, Colorado, Idaho, North Dakota and Oregon also hit new lows earlier this year.”

The news comes on the heels of a report showing 141 straight weeks of jobless claims remaining below 300,000. That’s the longest streak since 1970, when the labor market was much smaller. Moreover, these numbers take into account the economic impact of this year’s hurricane season.

“Hawaii boasts the lowest unemployment rate in the nation, at just 2.2 percent in October, followed by North Dakota, at 2.5 percent, and Colorado, Nebraska and New Hampshire, at 2.7 percent each,” according to The Hill.

 

Read more: http://ijr.com/2017/11/1019661-trump-red-blue-states-experience-historic-drop-unemployment-numbers/

TRUMP STOCK MARKET HAS BEST FIRST YEAR SINCE 1945

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  • The Dow has soared 28.5% since Election Day 2016

 

( Fox Business ) Stocks have been on a tear ever since President Donald Trump surprised the political world with an election victory on Nov. 8, 2016. In fact, on the one-year anniversary of Trump’s win, the Dow has booked its best-ever first year under a new administration since 1945.

 

The Dow has soared 28.5% since Election Day 2016, the fourth-best performance in history and the top mark since Franklin Roosevelt and his successor, Harry Truman, in 1945. Under Roosevelt and Truman, the Dow gained 29.83% in the first year, according to Dow Jones statistics. Trump has surpassed Bill Clinton, who saw the Dow move 26.5% higher in the year following his re-election in 1996.

 

Read more: Under Trump, stock market has best first year since FDR

 

 

TRUMP’S ECONOMY:CONSUMER CONFIDENCE HIGHEST IN 17 YEARS; BEATING FORECASTS AGAIN – JEALOUS MEDIA SILENT

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CNBC story:

“Consumers were even more optimistic in October than economists polled by Reuters expected. Consumer confidence rose to 125.9 in October…” Forget that. What do we compare it against? The point is that “[t]he index ‘increased to its highest level in almost 17 years.’” I also have a fascinating story here. You know, there are two more postmortem stories from liberal Democrat journalists who are studying the corpse and still frustrated trying to explain to them and everybody else why Hillary lost and, vice-versa, why Trump won. Many of these focus on Russia.

 

RUSH LIMBAUGH: Trump’s Not Getting the Credit He Deserves for the Economy

RUSH: I’m gonna shoot you straight here. Donald Trump’s not getting nearly the credit he deserves for the performance of the U.S. economy. You talk about a rebound? I mean, where was it 10 months ago? Where was it a year ago? Where was it during the seven years of Obama? Remember they were trying to tell us that we had to adapt to a new reality, and that is an America in decline? We had to adapt to these things because America’s past had been not real. Our economic heft and our superpower status was largely undeserved.

But now it was time to pay the piper and find out how the rest of the world (that we have been trampling all over) lives. And Trump, of course, has reversed thinking; he has reversed performance; there is confidence among consumers. They’re spending. Jobs have been created. This is real-world news. In fact, you know, I think that’s a new term.

You know, you have the everyday Drive-By narrative and then there’s the real-world news, which they’re not reporting. And the performance of the U.S. economy is one of those real-world-news stories that people need to be aware of that’s being ignored.

 

Read more: Trump’s Not Getting the Credit He Deserves for the Economy

ECONOMY: U.S. GDP ANOTHER 3% INCREASE; TOP 20% PAY 95% OF TAXES – HIGHEST EVER

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( Reuters ) The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.

Gross domestic product increased at a 3.0 percent annual rate in the July-September period after expanding at a 3.1 percent pace in the second quarter, the Commerce Department said on Friday.

Economists polled by Reuters had forecast the economy growing at a 2.5 percent pace in the third quarter.

Read more: GREAT AGAIN: GDP 3.0%…

OMB: Top 20% pay 95% of taxes, middle class ‘single digits’

 

( Washington Examiner ) It came in a discussion before students of the school’s Institute of Politics and Public Service at the McCourt School of Public Policy. The discussion was directed by Cathy Koch, a tax expert and former Senate aide.

When the two turned to the taxes the rich pay, Mulvaney declared, “The top 20 percent of folks who file a tax return, the top 20 percent, pay 95 percent of the taxes.”

That may be the highest ever. Just two years ago, it was 84 percent, according to the Wall Street Journal.

 

Read more: TOP 20% PAY 95% OF ALL INCOME TAX…

HIGHEST EVER…