AMERICANS SO CONFIDENT WITH TRUMP ECONOMY THEY’RE QUITTING THEIR JOBS FOR BETTER ONES AT FASTEST RATE IN 16 YEARS
- More Americans are quitting jobs now than any time since February 2001
- January’s quit rate was 3.2 million, compared to 2.9 million the previous year
- Quit rate dropped massively from 2007-2010 as the economic crisis led to layoffs
- There are other signs that the US is growing economically this year
- CEO and small business expectations are both up according to surveys
- And more people aged 25-54 are working now than any time since 2011
( Daily Mail ) More Americans are ditching their jobs than at any point since 2001, according to new statistics from the Bureau of Labor Standards (BLS).
In January 2017, 3.2 million people in the US gave their bosses the boot – up from 2.9 million in January 2016, and the highest since February 2001.
That’s the latest in a seven-year-long-climb from the grim lows of mid-2009, and a sign of a confident economy, Yahoo News reported.
Trump is creating REAL economic boom! Under Obama, unemployment rate went down because people stopped looking for jobs that’s why 94 million Americans were out of labor force despite of decrease of unemployment rate every year. With Trump, unemployment will go down because jobs are growing from every sector and Americans would be employed.
Click links below for details:
Job growth strong in Feb; Wages Up…
Record Number of Americans Employed…
Manufacturing TRIPLED Growth in Gov’t Jobs…
Construction largest gain in 10 years…
WIRE: Better by Almost Any Measure…
Debt Decreases $60B Since Inauguration…
Trump team promotes his first 50 days…
OBAMA MOCKED TRUMP JOBS BOOM PROMISE! 298,000 JOBS CREATED IN FEBRUARY BIGGEST SURGE IN 6 YEARS, MORE THAN EXPECTED
Obama mocked Trump last June on his promise of bringing back jobs, ‘What magic wand do you have?’ Hey Obama, looks like Trump has a magic wand because jobs are booming left and right. As what Trump tweeted after ADP jobs report:
‘Great news. We are only just beginning. Together, we are going to
- U.S. companies added a whopping 298,000 new jobs in February, beating economists’ expectations by more than 100,000.
- January’s new-jobs numbers were also revised upward on Wednesday from 246,000 to 261,000.
- Total private payrolls increased an eye-popping 298,000 in the month, beating the consensus forecast for a 180,000 rise, and outpacing the strong 261,000 increase in January, which was revised up from the initial figure.
- It was the biggest increase in private employment since April 2011.
- But the highlight of the data was the goods-producing industries which posted the biggest increase in the history of the report, going back to April 2002. The sector added 106,000 workers last month, while services firms increased 193,000.
- ADP reported a gain of 32,000 manufacturing jobs, taking the sector to its highest level since January 2009.
- The ADP National Employment Report showed on Wednesday that private payrolls grew by 298,000 jobs last month, the largest increase since December 2015. The gain was well above economists’ expectations for a 190,000 increase.
- Construction payrolls jumped by 66,000 jobs last month, the sector’s second largest gain since the ADP series started 15 years ago. The surge likely reflected unseasonably mild weather that kept crews at building sites.
FLASHBACK! In June 2016, Obama mocked Trump about the Carrier Corp jobs in Indiana.
“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.
The Philadelphia Fed reported on Thursday that manufacturing index in February soars to 33-year-high under Trump – Best numbers since 1983 and Reagan.
Charles Payne reported the news today on FOX Business Channel:
Charles Payne: I will say there is a lot of evidence building that the American renaissance in manufacturing has begun. Now you and I are both nerds so I was extremely excited when the empire fed came out for manufacturing in New York. That was on Wednesday. Yesterday, the Philly Fed report was mind-boggling. Neil, I went through all the data and I had to go back to 1983 for a higher number. It is mind-boggling! This is not symptoms. These are manufacturers and their orders are coming in HUGE!
As reported at CNBC, ADP reports show payrolls added 246,000 new workers in January. Analysts had estimated only 165,000 jobs.
Private companies kicked off the new year with a hiring spree, according to the latest report from ADP and Moody’s Analytics.
Amid an explosive month surrounding President Donald Trump’s inauguration and the flurry of activity that followed, firms added 246,000 new workers to their payrolls, the report showed.
That compared to expectations of 165,000 from economists surveyed by Reuters and marked a substantial jump from the downwardly revised 151,000 — initially reported as 153,000 — in December. January also turned in the best single-month performance since June.
Goods-producing companies hired 46,000 workers, the highest in two years. Construction jobs led the way with 25,000, while manufacturing added 15,000 and natural resources and mining contributed 6,000. During the campaign, Trump promised to bring back blue-collar jobs, particularly in mining.
The news gave stock market futures a bump, while the dollar was higher across the board and government bond yields also were on the rise.
95% OF ALL NEW JOBS DURING OBAMA ERA WERE PART-TIME, OR CONTRACT…ONLY FULL TIME HIS GOOF-OFF PRESIDENCY!
(Investing) A new study by economists from Harvard and Princeton indicates that 94% of the 10 million new jobs created during the Obama era were temporary positions.
The study shows that the jobs were temporary, contract positions, or part-time “gig” jobs in a variety of fields.
Female workers suffered most heavily in this economy, as work in traditionally feminine fields, like education and medicine, declined during the era.
The research by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University shows that the proportion of workers throughout the U.S., during the Obama era, who were working in these kinds of temporary jobs, increased from 10.7% of the population to 15.8%.
Krueger, a former chairman of the White House Council of Economic Advisers, was surprised by the finding
OBAMA LEGACY TO TRUMP: 8-YEAR OF GREAT RECESSION, 95 MILLION AMERICANS NOT IN LABOR FORCE, 20 TRILLION DEBT…OBAMA – AMERICA’S MOST DANGEROUS EXPERIMENT!
- In November, there were 95,055,000 Americans not in the labor force
- Obama’s is the only modern presidency that failed to show a single year of growth above 3 percent
- The recent declines in the unemployment rate are due less to the uptick in employed persons than to an increasing number of persons leaving the labor force.
The Washington Free Beacon reports:
New Record: Americans Not in Labor Force Breaks 95 Million for First Time
The number of Americans not participating in the labor force hit a new record in November, exceeding 95 million for the first time, according to the latest numbers released by the Bureau of Labor Statistics.
In November, there were 95,055,000 Americans not in the labor force, an increase of 446,000 people from the previous month.
The bureau counts those not in the labor force as people who do not have a job and did not actively seek one in the past four weeks.
The labor force participation rate, which is the percentage of the population that has a job or actively looked for one in the past month, declined from 62.8 percent in October to 62.7 percent in November.
The unemployment rate for all Americans declined from 4.9 percent in October to 4.6 percent in November. This measure does not account for those individuals who have dropped out of the labor force and simply measures the percent of those who did not have a job but actively sought one over the month
From NYPost.com :
The truth is that the Obama years have been among America’s worst for the economy. His eight years will go down in history as the Great Recession, even though for much, even most, of the span, we weren’t technically in a recession.
It just felt that way. And no wonder. Obama’s is the only modern presidency that failed to show a single year of growth above 3 percent, a point Trump stressed during the campaign (and that was conceded even by the website Politifact).
Plus, the Obama economy failed to prosper even though the Federal Reserve had its pedal to the metal. Its quantitative easing, $2 trillion balance-sheet expansion and zero-interest-rate policy all produced zilch.
Except for pumping up Wall Street and producing what Trump calls a “false economy.” The recent declines in the unemployment rate are due less to the uptick in employed persons than to an increasing number of persons leaving the labor force.
In a “true economy,” what people would boast about would be the number of employed persons rising faster than the size of an expanding workforce. In reality, the job participation rate is the lowest in decades, as millions are too discouraged to seek a job.