Economic Upswing Continues: Economy Added 201K Jobs, Wages Up by $17 Per Month, in August

Discussion in 'Politics' started by mikegriffith1, Sep 9, 2018.

  1. mikegriffith1
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    mikegriffith1 Mike Griffith

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    The BLS Employment Situation report for August shows that the Trump economic upswing is still going strong. The economy added 201,000 jobs in August, and there was a host of other good economic news in the report. Some highlights from the report:

    * In August, average hourly earnings for all employees on private non-farm payrolls rose by 10 cents to $27.16. Note that an extra 10 cents per hour multiplied by 22 eight-hour work days equals an extra $17 per month--and keep in mind that this is just the increase for August.

    * Over the year, the number of long-term unemployed has declined by 403,000. So over the last year, the number of long-term jobless people has dropped by 403,000. This is a huge improvement over the Obama years--the U-6 unemployment rate remained historically high under Obama. Even when the economy did fairly well under Obama in 2016, the number of long-term unemployed barely changed at all (see, for example, the BLS reports for January through December 2016).

    * Mining employment increased by 6,000 in August, after showing little change in July. Since a recent trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for mining.

    * Employment in construction continued to trend up in August (+23,000) and has increased by 297,000 over the year.
     
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  2. sparky
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    sparky Gold Member

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    More cheerleading using bullsh*t stats?

    Maybe some of you see through this and realize low end employment , which is largely engineered to exist off gub'mit subsidization is condusive to economic trickle down policies where the Elites win,at middle class taxpayer expense.

    Google U6 for starters

    then you can talk to guys like me who've been in construction since the Carter administration about economic booms & busts, and what sorts we attract betwixt all these cycles.

    of course the usual three toed troglytes will stampeed on it insisting free trade capitalism weeds out the crybaby snowflakes, cuz they're ALL self made men that can pull it down w/o Gub'Mit help.

    Yep, that's really workin' out great fellas...

    ~S~
     
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  3. Golfing Gator
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    Golfing Gator Gold Member

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    Yep, all is going the way it has been for the last 8 years.

    upload_2018-9-9_8-49-39.png
    upload_2018-9-9_8-49-59.png
    upload_2018-9-9_8-50-16.png
    upload_2018-9-9_8-50-32.png
     
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  4. Golfing Gator
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    Golfing Gator Gold Member

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    Yep, the U6 has been dropping for the last 8 years as well..

    upload_2018-9-9_8-52-15.png
     
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  5. Golfing Gator
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    Golfing Gator Gold Member

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    All these great things happening under the current trade deals. Seems we are not getting fucked over like we keep being told
     
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  6. easyt65
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    easyt65 Diamond Member

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    All this WINNING....damn that Trump!

    :p
     
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  7. Mr Clean
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    Mr Clean Gold Member

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    Seventeen dollars a month!

    Wow! That’s like 60 cents a day.

    Don’t spend it all in one place.
     
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  8. easyt65
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    easyt65 Diamond Member

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    You mean the new trade deals...
     
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  9. Golfing Gator
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    Golfing Gator Gold Member

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    There are no new trade deals in place and have not been during the last 8 years all this was happening.

    Do try and keep up.
     
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  10. Golfing Gator
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    Good on Trump for not screwing up what he was handed, though he is trying his best and might yet succeed.
     
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