Since Liberals Ignored It, Let's Look at the Dept. of Labor-BLS Jobs Report for Last Month

[mikegriffith1]

Since liberals showed zero interest in all the good economic news for March, let's look at the Department of Larbor's Bureau of Labor Statistics (BLS) jobs report for March. Here are some key highlights:

* The economy added 196,000 new jobs, in spite of all the cold weather and snow storms, etc.

* The change in jobs for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. I bet you never heard about those revisions on CNN, MSNBC, etc., etc.

* Employment in construction rose by 16,000 jobs, and has increased by 246,000 over the past 12 months.

* Among the major worker groups, the unemployment rates were as follows: adult men (3.6 percent), adult women (3.3 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.7 percent), Asians (3.1 percent), and Hispanics (4.7 percent). These are historic lows for blacks, Hispanics, and women:

Unemployment rate of women in the U.S. 1990-2018 | Timeline

Why Credit for the Decline in Black Unemployment Goes to Trump, Not Obama | People's Pundit Daily

By the way, Hispanic unemployment never dropped below 5% before October 2017. Never.

Bureau of Labor Statistics Data

* In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February. Over the past 12 months, average hourly earnings have increased by 3.2 percent. Most of my pay raises have been 2.0-2.5%.

* Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $23.24 in March.

* The U-6 unemployment rate, aka the real unemployment rate, dropped again in March and is now down to 7.3%, down from 8.1% in January.

Table A-15. Alternative measures of labor underutilization

In fact, the U-6 rate is now lower than it was in 2005 and is approaching how low it was in 1999!

U6 Unemployment Rate

U6 Unemployment Rate | Portal Seven

 

[rightwinger]

196,000 jobs is a train wreck, it was while Obama was President
U3 and U6 are made up statistics by BLS. Our President has told us so.
The actual number of unemployed is 170 million Americans

 

[Mac1958]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while.

Damn good.

Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.
.

 

[mikegriffith1]

196,000 jobs is a train wreck, it was while Obama was President U3 and U6 are made up statistics by BLS. Our President has told us so. The actual number of unemployed is 170 million Americans

LOL! Yeah, okay. Thanks for sharing. Go get your brain reset so that the "Warning: Facts Being Presented" notice in your brain will turn off.

FYI, none other than Bernie Sanders has said that the U-6 is the most accurate measurement of the employment situation. He made this point several times during the 2016 primary.

 

[rightwinger]

196,000 jobs is a train wreck, it was while Obama was President U3 and U6 are made up statistics by BLS. Our President has told us so. The actual number of unemployed is 170 million Americans

LOL! Yeah, okay. Thanks for sharing. Go get your brain reset so that the "Warning: Facts Being Presented" notice in your brain will turn off.

FYI, none other than Bernie Sanders has said that the U-6 is the most accurate measurement of the employment situation. He made this point several times during the 2016 primary.

U6 is Fake News
Our President told us so
Bernie Sanders is a commie
Our President told us so

The real number of unemployed is over 50 percent.

 

[imawhosure]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while.

Damn good.

Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.
.

Mac has this 100% correct. We must now balance what we are doing, and address the debt. It has been successfully navigated for 1/2 of the equation, now we must address the other 1/2!

 

[imawhosure]

Want to know why Mike?

Since liberals showed zero interest in all the good economic news for March, let's look at the Department of Larbor's Bureau of Labor Statistics (BLS) jobs report for March. Here are some key highlights:

* The economy added 196,000 new jobs, in spite of all the cold weather and snow storms, etc.

* The change in jobs for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. I bet you never heard about those revisions on CNN, MSNBC, etc., etc.

* Employment in construction rose by 16,000 jobs, and has increased by 246,000 over the past 12 months.

* Among the major worker groups, the unemployment rates were as follows: adult men (3.6 percent), adult women (3.3 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.7 percent), Asians (3.1 percent), and Hispanics (4.7 percent). These are historic lows for blacks, Hispanics, and women:

Unemployment rate of women in the U.S. 1990-2018 | Timeline

Why Credit for the Decline in Black Unemployment Goes to Trump, Not Obama | People's Pundit Daily

By the way, Hispanic unemployment never dropped below 5% before October 2017. Never.

Bureau of Labor Statistics Data

* In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February. Over the past 12 months, average hourly earnings have increased by 3.2 percent. Most of my pay raises have been 2.0-2.5%.

* Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $23.24 in March.

* The U-6 unemployment rate, aka the real unemployment rate, dropped again in March and is now down to 7.3%, down from 8.1% in January.

Table A-15. Alternative measures of labor underutilization

In fact, the U-6 rate is now lower than it was in 2005 and is approaching how low it was in 1999!

U6 Unemployment Rate

U6 Unemployment Rate | Portal Seven

Want to know why Mike?

I have a 12 minute clip here for you, if you didn't see it before, it is very informative. Remember Lara Logan of 60 minutes? She explains it succinctly.

If you haven't seen this part of the interview, it is well worth the 12 minutes you spend watching it, trust me!

 

[miketx]

196,000 jobs is a train wreck, it was while Obama was President U3 and U6 are made up statistics by BLS. Our President has told us so. The actual number of unemployed is 170 million Americans

LOL! Yeah, okay. Thanks for sharing. Go get your brain reset so that the "Warning: Facts Being Presented" notice in your brain will turn off.

FYI, none other than Bernie Sanders has said that the U-6 is the most accurate measurement of the employment situation. He made this point several times during the 2016 primary.

U6 is Fake News
Our President told us so
Bernie Sanders is a commie
Our President told us so

The real number of unemployed is over 50 percent.

Prove it liar

 

[mikegriffith1]

196,000 jobs is a train wreck, it was while Obama was President U3 and U6 are made up statistics by BLS. Our President has told us so. The actual number of unemployed is 170 million Americans

LOL! Yeah, okay. Thanks for sharing. Go get your brain reset so that the "Warning: Facts Being Presented" notice in your brain will turn off.

FYI, none other than Bernie Sanders has said that the U-6 is the most accurate measurement of the employment situation. He made this point several times during the 2016 primary.

U6 is Fake News
Our President told us so
Bernie Sanders is a commie
Our President told us so

Yet even that commie admits that the U-6 is the most accurate measurement of employment, because it considers not just the unemployed but also the partially unemployed, the underemployed, etc.

The real number of unemployed is over 50 percent.

LOL! Uh, yeah. Okay. You bet. Of course it is. Pray tell, if it's 50% now, what was it under Obama? 60%?!! Wing nutty.

Like I said, go hook yourself back up to your brainwashing machine for a reset to clear the "Warning: Facts Being Presented" notice that went off when you read the OP.

 

[Correll]

196,000 jobs is a train wreck, it was while Obama was President U3 and U6 are made up statistics by BLS. Our President has told us so. The actual number of unemployed is 170 million Americans

LOL! Yeah, okay. Thanks for sharing. Go get your brain reset so that the "Warning: Facts Being Presented" notice in your brain will turn off.

FYI, none other than Bernie Sanders has said that the U-6 is the most accurate measurement of the employment situation. He made this point several times during the 2016 primary.

U6 is Fake News
Our President told us so
Bernie Sanders is a commie
Our President told us so

The real number of unemployed is over 50 percent.

Dude. You are embarrassing yourself.

 

[Correll]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while.

Damn good.

Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.
.

Sorry, we talk debt, the dems demagogue that we want to starve seniors and children. That is off the table for political reasons.


Now, we need to focus more and more on changing the underlying trade and labor situations. I want trade moving towards balance more and more, and I want labor tighter and tighter in this country. For the foreseeable future.

 

[Mac1958]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while. Damn good. Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.

Mac has this 100% correct. We must now balance what we are doing, and address the debt. It has been successfully navigated for 1/2 of the equation, now we must address the other 1/2!

The problem is, neither wing wants to talk about the debt when they're in power. It's always the other guy's fault (although, outside of recovering from the Meltdown, the Dems have a better record).

This is yet another reason we need term limits, and some kind of flexible balanced budget amendment.

These people simply are not serious, and they certainly don't deserve the trust of the country.
.

 

[Correll]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while. Damn good. Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.

Mac has this 100% correct. We must now balance what we are doing, and address the debt. It has been successfully navigated for 1/2 of the equation, now we must address the other 1/2!

The problem is, neither wing wants to talk about the debt when they're in power. It's always the other guy's fault.

This is yet another reason we need term limits, and some kind of flexible balanced budget amendment.

These people simply are not serious, and they certainly don't deserve the trust of the country.
.

Bush brought the subject up, and you dems slammed him for even mentioning it.


NO way Trump will make the same mistake. NO republican will again.


The debt is not to be discussed, until we have food riots in the streets, cleared by grapeshot.

 

[mikegriffith1]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while. Damn good. Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.

Mac has this 100% correct. We must now balance what we are doing, and address the debt. It has been successfully navigated for 1/2 of the equation, now we must address the other 1/2!

The problem is, neither wing wants to talk about the debt when they're in power. It's always the other guy's fault. (Although, outside of recovering from the Meltdown, the Dems have a better record)

This is yet another reason we need term limits, and some kind of flexible balanced budget amendment.

These people simply are not serious, and they certainly don't deserve the trust of the country.

To be fair, the Republicans under Trump have *tried* to impose some halfway meaningful restraint on spending, but Senate Dems have forced them to abandon the effort each time by threatening to filibuster spending bills to keep the government open.

Look at the budgets that Trump has submitted. They called for sizable cuts in many programs, but his budgets have been basically DOA because of Senate Dems.

 

[Mac1958]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while. Damn good. Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.

Mac has this 100% correct. We must now balance what we are doing, and address the debt. It has been successfully navigated for 1/2 of the equation, now we must address the other 1/2!

The problem is, neither wing wants to talk about the debt when they're in power. It's always the other guy's fault. (Although, outside of recovering from the Meltdown, the Dems have a better record)

This is yet another reason we need term limits, and some kind of flexible balanced budget amendment.

These people simply are not serious, and they certainly don't deserve the trust of the country.

To be fair, the Republicans under Trump have *tried* to impose some halfway meaningful restraint on spending, but Senate Dems have forced them to abandon the effort each time by threatening to filibuster spending bills to keep the government open.

Well, under the rules of simplistic partisan politics, the President gets all the credit for the good stuff and none of the blame for bad stuff.

I'm just looking at reality. If he's going to claim credit for the economy, this is also the Trump Budget.
.

 

[mikegriffith1]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while. Damn good. Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.

Mac has this 100% correct. We must now balance what we are doing, and address the debt. It has been successfully navigated for 1/2 of the equation, now we must address the other 1/2!

The problem is, neither wing wants to talk about the debt when they're in power. It's always the other guy's fault. (Although, outside of recovering from the Meltdown, the Dems have a better record)

This is yet another reason we need term limits, and some kind of flexible balanced budget amendment.

These people simply are not serious, and they certainly don't deserve the trust of the country.

To be fair, the Republicans under Trump have *tried* to impose some halfway meaningful restraint on spending, but Senate Dems have forced them to abandon the effort each time by threatening to filibuster spending bills to keep the government open.

Well, under the rules of simplistic partisan politics, the President gets all the credit for the good stuff and none of the blame for bad stuff.

I'm just looking at reality. If he's going to claim credit for the economy, this is also the Trump Budget.

But in the case of the economy, Trump has been able to get most of what he wanted to help the economy (tax cuts, deregulation, etc.). In the case of the budget, Trump's efforts to curb spending have been sabotaged by the Democrats--twice now they have threatened to filibuster a spending bill needed to keep the government open if Trump did not give them the domestic spending they wanted, and without 60 votes in the Senate, the Republicans cannot overcome a filibuster.

 

[rightwinger]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while.

Damn good.

Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.
.

Mac has this 100% correct. We must now balance what we are doing, and address the debt. It has been successfully navigated for 1/2 of the equation, now we must address the other 1/2!

LOL

Neither party cares about debt
Where is the Tea Party now that a Republican is President

 

[rightwinger]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while. Damn good. Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.

Mac has this 100% correct. We must now balance what we are doing, and address the debt. It has been successfully navigated for 1/2 of the equation, now we must address the other 1/2!

The problem is, neither wing wants to talk about the debt when they're in power. It's always the other guy's fault. (Although, outside of recovering from the Meltdown, the Dems have a better record)

This is yet another reason we need term limits, and some kind of flexible balanced budget amendment.

These people simply are not serious, and they certainly don't deserve the trust of the country.

To be fair, the Republicans under Trump have *tried* to impose some halfway meaningful restraint on spending, but Senate Dems have forced them to abandon the effort each time by threatening to filibuster spending bills to keep the government open.

Well, under the rules of simplistic partisan politics, the President gets all the credit for the good stuff and none of the blame for bad stuff.

I'm just looking at reality. If he's going to claim credit for the economy, this is also the Trump Budget.

But in the case of the economy, Trump has been able to get most of what he wanted to help the economy (tax cuts, deregulation, etc.). In the case of the budget, Trump's efforts to curb spending have been sabotaged by the Democrats--twice now they have threatened to filibuster a spending bill needed to keep the government open if Trump did not give them the domestic spending they wanted, and without 60 votes in the Senate, the Republicans cannot overcome a filibuster.

Trump has made no effort to curb spending. He has increased spending on his favored projects

Why don’t Republicans cut spending first before they cut taxes?

 

[rightwinger]

Things are looking really, really good right now. We may even be seeing some unexpected life from overseas. A recession may not happen for quite a while. Damn good. Now, it's time to look at the exploding debt Trump allowed to get us here. This is a great sugar high, but that's the other half of this equation.

Mac has this 100% correct. We must now balance what we are doing, and address the debt. It has been successfully navigated for 1/2 of the equation, now we must address the other 1/2!

The problem is, neither wing wants to talk about the debt when they're in power. It's always the other guy's fault. (Although, outside of recovering from the Meltdown, the Dems have a better record)

This is yet another reason we need term limits, and some kind of flexible balanced budget amendment.

These people simply are not serious, and they certainly don't deserve the trust of the country.

To be fair, the Republicans under Trump have *tried* to impose some halfway meaningful restraint on spending, but Senate Dems have forced them to abandon the effort each time by threatening to filibuster spending bills to keep the government open.

Look at the budgets that Trump has submitted. They called for sizable cuts in many programs, but his budgets have been basically DOA because of Senate Dems.

It was Trump who shut down Government.....in order to get more spending

 

[rightwinger]

196,000 jobs is a train wreck, it was while Obama was President U3 and U6 are made up statistics by BLS. Our President has told us so. The actual number of unemployed is 170 million Americans

LOL! Yeah, okay. Thanks for sharing. Go get your brain reset so that the "Warning: Facts Being Presented" notice in your brain will turn off.

FYI, none other than Bernie Sanders has said that the U-6 is the most accurate measurement of the employment situation. He made this point several times during the 2016 primary.

U6 is Fake News
Our President told us so
Bernie Sanders is a commie
Our President told us so

The real number of unemployed is over 50 percent.

Dude. You are embarrassing yourself.

Fact