[FONT="]THE WALL STREET JOURNAL: U.S. Hiring Strong in June; Unemployment Rate Rises as More Enter Labor Force[/FONT]
[FONT="]“The unemployment rate ticked up in June from an 18-year low, but steady hiring and an increased number of job seekers suggest a strong labor market drew in Americans from the sidelines. U.S. nonfarm payrolls rose a seasonally adjusted 213,000 in June, the Labor Department said Friday.”[/FONT]
[FONT="]“The unemployment rate ticked up in June from an 18-year low, but steady hiring and an increased number of job seekers suggest a strong labor market drew in Americans from the sidelines. U.S. nonfarm payrolls rose a seasonally adjusted 213,000 in June, the Labor Department said Friday.”[/FONT]
[FONT="]WASHINGTON EXAMINER: Jobless Claims Rise to 231,000, But Are Still Running at Historic Lows[/FONT]
[FONT="]“Fewer new jobless claims suggest that layoffs are rare, and that job creation is strong. The total number of people receiving unemployment benefits of all durations is running at the lowest levels in 44 years, according to Thursday’s release.”[/FONT]
[FONT="]“Fewer new jobless claims suggest that layoffs are rare, and that job creation is strong. The total number of people receiving unemployment benefits of all durations is running at the lowest levels in 44 years, according to Thursday’s release.”[/FONT]
[FONT="]THE WALL STREET JOURNAL: Economic Growth in U.S. Leaves World Behind[/FONT]
[FONT="]“U.S. economy grew modestly over the winter—at a 2.2% annual rate in January through March—but seems to be ramping up further this spring. Growth is on track to exceed a 4% pace in the three months ending in June, which would be the fastest of any quarter in almost four years.”[/FONT]
[FONT="]“U.S. economy grew modestly over the winter—at a 2.2% annual rate in January through March—but seems to be ramping up further this spring. Growth is on track to exceed a 4% pace in the three months ending in June, which would be the fastest of any quarter in almost four years.”[/FONT]
[FONT="]GALLUP: Snapshot: Americans’ Views of Job Market Remain Upbeat[/FONT]
[FONT="]“Americans continue to recognize a robust U.S. job market, with 65% saying that it is a good time to find a ‘quality job,’ similar to 67% in May. These are the highest readings in Gallup’s 17-year history of tracking this measure of Americans’ views of the employment situation.”[/FONT]
[FONT="]“Americans continue to recognize a robust U.S. job market, with 65% saying that it is a good time to find a ‘quality job,’ similar to 67% in May. These are the highest readings in Gallup’s 17-year history of tracking this measure of Americans’ views of the employment situation.”[/FONT]
[FONT="]BUSINESS INSIDER: 6 Months into the Trump Tax Law, Manufacturing Confidence is Through the Roof[/FONT]
[FONT="]“American Manufacturers are experiencing record levels of confidence for their businesses, according to a recent survey conducted by the largest trade association for manufacturers. In the National Association of Manufacturers’ (NAM) quarterly outlook survey published on Wednesday, 95.1 percent of manufacturers surveyed said they have a positive outlook for their companies, a record-high in the past 20 years.”[/FONT]
[FONT="]“American Manufacturers are experiencing record levels of confidence for their businesses, according to a recent survey conducted by the largest trade association for manufacturers. In the National Association of Manufacturers’ (NAM) quarterly outlook survey published on Wednesday, 95.1 percent of manufacturers surveyed said they have a positive outlook for their companies, a record-high in the past 20 years.”[/FONT]
[FONT="]CNBC: Small Business Optimism Jumps to Second-Highest Level Ever; Tax Cut Cited[/FONT]
[FONT="]“Small business optimism rose in May to its highest level in more than 30 years, helped by all-time highs in some key index components, the National Federation of Independent Business said Tuesday. Expectations for business expansion and reports of positive earnings trends hit record highs, while expectations for strong increases in real sales reached their highest since 1995. Reports of compensation increases also hit their highest in the history of the index.”[/FONT]
[FONT="]“Small business optimism rose in May to its highest level in more than 30 years, helped by all-time highs in some key index components, the National Federation of Independent Business said Tuesday. Expectations for business expansion and reports of positive earnings trends hit record highs, while expectations for strong increases in real sales reached their highest since 1995. Reports of compensation increases also hit their highest in the history of the index.”[/FONT]
[FONT="]NASDAQ: U.S. Consumer Sentiment Improves More Than Expected in June [/FONT]
[FONT="]“A report released by the University of Michigan on Friday showed a much bigger than expected improvement in U.S. consumer sentiment in the month of June. The report said the preliminary reading on the consumer sentiment index for June came in at 99.3 compared to the final May reading of 98.0. Economists had expected the index to inch up to 98.5.”[/FONT]
[FONT="]“A report released by the University of Michigan on Friday showed a much bigger than expected improvement in U.S. consumer sentiment in the month of June. The report said the preliminary reading on the consumer sentiment index for June came in at 99.3 compared to the final May reading of 98.0. Economists had expected the index to inch up to 98.5.”[/FONT]
[FONT="]BLOOMBERG: U.S. Consumer Comfort Nears 17-Year High as Economic View Gains[/FONT]
[FONT="]“Americans’ sentiment approached a 17-year high last week on increasingly upbeat views of the economy and personal finances, the Bloomberg Consumer Comfort Index showed Thursday. Americans’ views of the economy have been bolstered by an unemployment rate matching the lowest since 1969 and tax cuts that have fattened wallets, along with fuel prices that have cooled from a three-year high in May.”[/FONT]
[FONT="]“Americans’ sentiment approached a 17-year high last week on increasingly upbeat views of the economy and personal finances, the Bloomberg Consumer Comfort Index showed Thursday. Americans’ views of the economy have been bolstered by an unemployment rate matching the lowest since 1969 and tax cuts that have fattened wallets, along with fuel prices that have cooled from a three-year high in May.”[/FONT]
[FONT="]THE WALL STREET JOURNAL: Economic Confidence Rises Among Lower-Income Americans[/FONT]
[FONT="]“Economic confidence among lower-income Americans has taken a recent leap, the latest evidence that benefits of the economic expansion are reaching a broader swath of workers…. In the University of Michigan’s consumer-sentiment index, confidence among households in the bottom third income tier has risen 11.4 points since February, an IHS Markit analysis of sentiment figures shows.”[/FONT]
[FONT="]“Economic confidence among lower-income Americans has taken a recent leap, the latest evidence that benefits of the economic expansion are reaching a broader swath of workers…. In the University of Michigan’s consumer-sentiment index, confidence among households in the bottom third income tier has risen 11.4 points since February, an IHS Markit analysis of sentiment figures shows.”[/FONT]
[FONT="]INVESTOR’S BUSINESS DAILY: IBD/TIPP Poll: Economic Optimism Surges on Trumponomics[/FONT]
[FONT="]“The IBD/TIPP Economic Optimism Index surged to the 2nd-highest level since 2004 … The IBD/TIPP Economic Optimism Index rose 2.5 points to 56.4 in July, just off February’s 13-year high of 56.7.”[/FONT]
[FONT="]“The IBD/TIPP Economic Optimism Index surged to the 2nd-highest level since 2004 … The IBD/TIPP Economic Optimism Index rose 2.5 points to 56.4 in July, just off February’s 13-year high of 56.7.”[/FONT]
[FONT="]FOX NEWS: Food Stamp Enrollment Falls to 8-year Low as Trump Clamps Down on Fraud, Economy Improves[/FONT]
[FONT="]“Overall enrollment in the country’s food stamp program has dropped to its lowest level in more than eight years as the economy continues to improve and the Trump administration attempts to tackle fraud in the program.”[/FONT]
[FONT="]“Overall enrollment in the country’s food stamp program has dropped to its lowest level in more than eight years as the economy continues to improve and the Trump administration attempts to tackle fraud in the program.”[/FONT]
[FONT="]FOX BUSINESS: American Money Flowing Back into America[/FONT]
[FONT="]“Over $300 billion was repatriated to the U.S. in the first quarter, according to the Bureau of Economic Analysis (BEA) — the most on record … While the BEA keeps the names and sums of corporations repatriating confidential, the latest data appear to show CEOs are likely sticking to their pledge to bring more money earned overseas back to the U.S. promised shortly after the tax plan was signed by President Trump in late December 2017.”[/FONT]
[FONT="]“Over $300 billion was repatriated to the U.S. in the first quarter, according to the Bureau of Economic Analysis (BEA) — the most on record … While the BEA keeps the names and sums of corporations repatriating confidential, the latest data appear to show CEOs are likely sticking to their pledge to bring more money earned overseas back to the U.S. promised shortly after the tax plan was signed by President Trump in late December 2017.”[/FONT]
[FONT="]BLOOMBERG: U.S. Retail Sales Top Forecasts, Bolstering Economic Pickup[/FONT]
[FONT="]“U.S. retail sales rose in May by the most in six months, exceeding forecasts and bolstering expectations for an acceleration in economic growth this quarter. The value of overall sales advanced 0.8 percent from the prior month, double the median estimate of economists and following an upwardly revised 0.4 percent gain in April, according to Commerce Department figures on Thursday.”[/FONT]
[FONT="]“U.S. retail sales rose in May by the most in six months, exceeding forecasts and bolstering expectations for an acceleration in economic growth this quarter. The value of overall sales advanced 0.8 percent from the prior month, double the median estimate of economists and following an upwardly revised 0.4 percent gain in April, according to Commerce Department figures on Thursday.”[/FONT]
Jobs Boom Continues to Pull Workers off the Sidelines
July 6, 2018
The Bureau of Labor Statistics (BLS) released its monthly Employment Situation Report showing that nonfarm payroll employment rose by 213,000 jobs in June, surpassing what forecasters predicted. The U.S. economy continues its longest, consecutive streak of positive monthly job numbers, with employment growth averaging 215,000 jobs per month in 2018—larger than the gains in both 2016 and 2017. The economy has added more than 3.2 million jobs since President Donald J. Trump took office in January 2017 and 3.7 million jobs since the election in November 2016.
Job increases were significant in education and health services (54,000), professional and business services (50,000), and manufacturing (36,000). Since the President was elected, goods-producing industries (construction, manufacturing, and mining and logging) have fared extremely well, adding 876,000 jobs. Growth was also strong in leisure and hospitality (25,000), transportation and warehousing (15,000), and government (11,000) sectors which experienced growth ahead of their previous 12-month average.
A separate household survey released by BLS offers more indications of a strong, growing U.S. economy. Although the unemployment rate went up by 0.2 percentage point (p.p.) over the month, it’s the kind of rise that economists like to see: It was due to a rise in labor force participation—more people who have been discouraged and sitting on the sidelines are now throwing their hats in the ring and deciding to look for a job. When they do, unless they immediately find a job, they get counted as unemployed, paradoxically causing the unemployment rate to go up. The share of unemployed workers who were labor market re-entrants in June was the highest rate since before the Great Recession and remains 0.8 p.p. lower than it was in January 2017.
Meanwhile, the unemployment rate for Hispanics reached a new series low, falling by 0.3 p.p. to 4.6 percent. The employment-to-population ratio remained steady at 60.4 percent, indicating that the increase in the unemployment rate was largely a result of these new labor market participants.
Labor force participation for prime-age workers, which is an important indicator because it is not driven by demographics but, rather, by the strength of the job market, also increased 0.2 p.p. over the month to 82.0 percent. Since President Trump was elected, 900,000 prime-age American workers have entered or re-entered the labor force. Employment levels rose by 102,000 people in June, but unemployment rose by even more, resulting in a higher unemployment rate.
As shown in the figure below, of those unemployed, almost 32 percent were labor force reentrants in June, or individuals who had previously left the workforce and stopped looking for work, but have now returned to the job market (see figure), the highest rate since before the Great Recession. This high level of re-entrants also signals a healthy economy in which people who had previously given up on finding a job have gained confidence that they will now find one. Meanwhile, the share of new labor force entrants—individuals searching for a job for the first time—accounted for 8.8 percent of the unemployed population in June.
Additionally, job leavers (those who voluntarily quit their job) account for 12.4 percent of the unemployed population in June. The share of job leavers also indicates the robustness of the economy as these workers are willing to leave their jobs, presumably for better options.
July 6, 2018
The Bureau of Labor Statistics (BLS) released its monthly Employment Situation Report showing that nonfarm payroll employment rose by 213,000 jobs in June, surpassing what forecasters predicted. The U.S. economy continues its longest, consecutive streak of positive monthly job numbers, with employment growth averaging 215,000 jobs per month in 2018—larger than the gains in both 2016 and 2017. The economy has added more than 3.2 million jobs since President Donald J. Trump took office in January 2017 and 3.7 million jobs since the election in November 2016.
Job increases were significant in education and health services (54,000), professional and business services (50,000), and manufacturing (36,000). Since the President was elected, goods-producing industries (construction, manufacturing, and mining and logging) have fared extremely well, adding 876,000 jobs. Growth was also strong in leisure and hospitality (25,000), transportation and warehousing (15,000), and government (11,000) sectors which experienced growth ahead of their previous 12-month average.
A separate household survey released by BLS offers more indications of a strong, growing U.S. economy. Although the unemployment rate went up by 0.2 percentage point (p.p.) over the month, it’s the kind of rise that economists like to see: It was due to a rise in labor force participation—more people who have been discouraged and sitting on the sidelines are now throwing their hats in the ring and deciding to look for a job. When they do, unless they immediately find a job, they get counted as unemployed, paradoxically causing the unemployment rate to go up. The share of unemployed workers who were labor market re-entrants in June was the highest rate since before the Great Recession and remains 0.8 p.p. lower than it was in January 2017.
Meanwhile, the unemployment rate for Hispanics reached a new series low, falling by 0.3 p.p. to 4.6 percent. The employment-to-population ratio remained steady at 60.4 percent, indicating that the increase in the unemployment rate was largely a result of these new labor market participants.
Labor force participation for prime-age workers, which is an important indicator because it is not driven by demographics but, rather, by the strength of the job market, also increased 0.2 p.p. over the month to 82.0 percent. Since President Trump was elected, 900,000 prime-age American workers have entered or re-entered the labor force. Employment levels rose by 102,000 people in June, but unemployment rose by even more, resulting in a higher unemployment rate.
As shown in the figure below, of those unemployed, almost 32 percent were labor force reentrants in June, or individuals who had previously left the workforce and stopped looking for work, but have now returned to the job market (see figure), the highest rate since before the Great Recession. This high level of re-entrants also signals a healthy economy in which people who had previously given up on finding a job have gained confidence that they will now find one. Meanwhile, the share of new labor force entrants—individuals searching for a job for the first time—accounted for 8.8 percent of the unemployed population in June.
Additionally, job leavers (those who voluntarily quit their job) account for 12.4 percent of the unemployed population in June. The share of job leavers also indicates the robustness of the economy as these workers are willing to leave their jobs, presumably for better options.
Butt Russia & Stormy & MAGA is racist & what about the fucking idiots that don't be needing no jobs.
Jobs jobs jobs, that's all Republicans be caring about. Don't they know some people just don't want to work. You have to do more to attract the fucking idiots that don't want to work
Jobs jobs jobs, that's all Republicans be caring about. Don't they know some people just don't want to work. You have to do more to attract the fucking idiots that don't want to work
Stop already ! Its not booming ! Trump is killing himself with this nonsense that we may be in the greatest economy ever stuff, and tying himself to the stock market . Disaster waiting to happen
Take off the team uniforms and honestly look at whats going on. Turn off CNBC !
[h=2]June Jobs Increase: All Part-Time Workers As Full-Time Jobs Drop[/h]
In June, the number of part-time workers rose by 145K to 27.028MM, while the full-time workers declined by a modest 89K to 128.658MM.
Its all a set up, and everyone is falling into the trap . Conservatives, republicans, tax cuts, dereg, will all be blamed ( unfairly of course )
Stagflation is coming, then a recession . One more rate hike in Sept will all but assure an inverted yield curve
[FONT=lucida_granderegular]Money manager Michael Pento is sounding the alarm because we are getting very close to something called a “yield curve inversion.” Pento explains, “Why do I care if the yield curve inverts?"[/FONT]
Take off the team uniforms and honestly look at whats going on. Turn off CNBC !
[h=2]June Jobs Increase: All Part-Time Workers As Full-Time Jobs Drop[/h]
In June, the number of part-time workers rose by 145K to 27.028MM, while the full-time workers declined by a modest 89K to 128.658MM.
Its all a set up, and everyone is falling into the trap . Conservatives, republicans, tax cuts, dereg, will all be blamed ( unfairly of course )
Stagflation is coming, then a recession . One more rate hike in Sept will all but assure an inverted yield curve
[FONT=lucida_granderegular]Money manager Michael Pento is sounding the alarm because we are getting very close to something called a “yield curve inversion.” Pento explains, “Why do I care if the yield curve inverts?"[/FONT]
"Because 9 out of the last 10 times the yield curve inverted, we had a recession... The spread with the yield curve is the narrowest it has been since outside of the start of the Great Recession that commenced in December of 2007... The last two times the yield curve inverted, we had a stock market drop of 50%. The market dropped, and the S&P 500 lost 50% of its value.” https://www.zerohedge.com/news/2018-07-05/michael-pento-most-dangerous-market-ever
I pulled out of the Market a long time ago because it was overvalued.Stop already ! Its not booming ! Trump is killing himself with this nonsense that we may be in the greatest economy ever stuff, and tying himself to the stock market . Disaster waiting to happen
Take off the team uniforms and honestly look at whats going on. Turn off CNBC !
June Jobs Increase: All Part-Time Workers As Full-Time Jobs Drop
In June, the number of part-time workers rose by 145K to 27.028MM, while the full-time workers declined by a modest 89K to 128.658MM.
Its all a set up, and everyone is falling into the trap . Conservatives, republicans, tax cuts, dereg, will all be blamed ( unfairly of course )
Stagflation is coming, then a recession . One more rate hike in Sept will all but assure an inverted yield curve
[FONT=lucida_granderegular]Money manager Michael Pento is sounding the alarm because we are getting very close to something called a “yield curve inversion.” Pento explains, “Why do I care if the yield curve inverts?"[/FONT]"Because 9 out of the last 10 times the yield curve inverted, we had a recession... The spread with the yield curve is the narrowest it has been since outside of the start of the Great Recession that commenced in December of 2007... The last two times the yield curve inverted, we had a stock market drop of 50%. The market dropped, and the S&P 500 lost 50% of its value.” https://www.zerohedge.com/news/2018-07-05/michael-pento-most-dangerous-market-ever
Fortunately I won't live long enough to care if a recession occurs and
the Market takes a shit. If my calculations are accurate I'll run out of
money and air in the same year. If I don't I'll be to old to care.
Having said that perception is everything and everyone believes the economy
is gang busters. And rightfully so. People are seeing more money in their
paychecks, businesses are expanding, they're giving bonuses, pay raises and
people are starting to feel good about themselves again.
And one more thing, recessions happen all the time and most people breeze
through them like they don't even occur. As long as we don't relive the 1920's
again we'll be just fine.
