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Old 06-01-2018, 03:12 PM  
l4z4rd l4z4rd is offline
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U.S. adds 223,000 new jobs as unemployment falls to 18-year low in May

The U.S. created a robust 223,000 new jobs in May to push unemployment down to an 18-year low of 3.8%, signaling that a nine-year-old economic expansion still has plenty of steam despite being one of the oldest ever.

The increase in hiring — the biggest in three months — exceeded the 200,000 forecast of economists polled by MarketWatch.

By and large, the reported showed an economy with plenty of vigor. Most industries added jobs and worker pay increased at a somewhat faster pace.

The unemployment rate fell again to the lowest level since April 2000 as more people found work. The last time the jobless rate was even lower was in 1969.

Retailers led the way in hiring by adding 31,000 new jobs. Health-care companies boosted payrolls by 29,000, construction firms took on 25,000 workers and manufacturers increased employment by 18,000.

Stready hiring by construction and manufacturing companies is particularly surprising. They are the among the industries that have complained the loudest about a shortage of skilled workers.

Record job openings, an uber-tight labor market and growing complaints about a labor shortage still aren’t leading to big pay raises most employees, but wages are rising gradually.

Hourly pay rose by 8 cents, or 0.3% to $28.92 an hour in May. As a result, the 12-month increase in wages rose to 2.7% after holding at 2.6% for three months in a row.

Employment gains for April and March were revised up by a combined 15,000, the Labor Department said Friday. The government said 159,000 new jobs were created in April instead of 164,000. March’s increase was raised to 155,000 from 135,000.

Companies are still eager to hire nine years into an economic expansion that could turn into the longest ever if it lasts another year. Job openings are at a record high and the biggest gripe among businesses is that they cannot find enough suitably skilled workers.

To fill job openings firms have offered higher pay and benefits to outside candidates, sought to train new or veteran employees, established partnerships with local vocational schools and, in some cases, they’ve been hiring felons.

While more Americans sure could use a bigger raise, the relatively slow growth in wages does have a plus. Inflation is still rising slowly enough that the Fed doesn’t have to rapidly jack up interest rates. A higher cost of borrowing would be especially felt by Americans seeking to buy a new car or home.


https://www.marketwatch.com/story/us...-38-2018-06-01
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Old 06-01-2018, 08:25 PM   #16
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Originally Posted by RodeoPants2 View Post
It's nice that Trump has managed to not **** up the awesome economy he inherited from Obama.
You libs really need to let this go and show some dignity. It's seriously at the point where anyone with a rational thought in their head cannot take you guys seriously.

Tit for tat is why Trump is in the White House. All you're doing is sealing Trump in for a second term. While I don't think that's necessary a bad thing I'd like to see middle ground met at some point. You and your kilt are basically birthers batting from the other side of the plate.

I don't think Trump is going to run for a second term but for ****s sake. Big boy pants. Dignity. Adult.

I'll head libtards off at the pass: but remember what they did to barry?!!?!? How did that work out last time?

RACIST!!!
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Old 06-01-2018, 08:41 PM   #17
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Originally Posted by RodeoPants2 View Post
It's nice that Trump has managed to not **** up the awesome economy he inherited from Obama.
That's not how it works. The president can do little in regards to how the economy trends. Congress controls commerce in this country. The house and the senate get the credit with how it performs. It wasn't Bush's fault when it collapsed, it wasn't Obama's when it recovered, and it's not Trump's that it keeps going well
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Old 06-01-2018, 09:16 PM   #18
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Originally Posted by banecat View Post
The president can do little in regards to how the economy trends. Congress controls commerce in this country.
You sure about that?

Quote:
Study: Auto tariffs would kill 157,000 jobs


President Trump's proposed tariffs on imported automobiles and parts would cost the U.S. economy 157,000 jobs, according to a report by the Trade Partnership, a trade policy consultancy.

"We find that the tariffs would have a very small positive impact on high-skilled workers in the motor vehicle and parts sectors, but very large negative impacts on workers — both high- and lower-skilled — in other sectors of the economy," the study says.

In all, the tariff policy would boost jobs in the auto sector by 92,000, but then destroy 250,000 jobs in the rest of the economy, according to the study. The price of foreign vehicles would rise from $30,000 to $36,400, a 21 percent increase. All in all, the economy would lose 0.1 percent of its value.

Those effects don't take into account any potential retaliation by American trade partners for the tariffs.

In addition to the threat of raising auto tariffs on national security grounds, the administration is threatening 25 percent tariffs on Chinese goods, negotiating with Europe over the imposition of steel and aluminum tariffs, and struggling to reach a new deal on the North American Free Trade Agreement with Canada and Mexico ahead of the November midterm elections.

The administration's moves have drawn criticism from Republicans, who traditionally back free trade, as well as business groups.

“Extending the reach of these tariffs and quotas to additional countries is certain to provoke widespread retaliation from abroad and would put at risk the economic momentum achieved through the administration’s tax and regulatory reforms. We urge the administration to take this risk seriously," U.S. Chamber of Commerce Executive Vice President Myron Brilliant said Wednesday in regard to the steel and aluminum tariffs being discussed with Europe.

The administration set a June 1 deadline for deciding whether to grant Europe an exemption from the steep metal tariffs, as it has for other close U.S. trade partners like Canada, Mexico, Australia and South Korea.
http://thehill.com/policy/finance/38...ll-157000-jobs
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Old 06-01-2018, 09:28 PM   #19
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Originally Posted by Lex Luthor View Post
Gambling can be done when the economy is moving at the pace that it is. Economics is a long game. And the article states that almost 100,000 will be added alone. With 250,000 possibly lost. Maybe not quite as many or more will be gained. The same with the loses

This is forecasting. No one knows exactly what will happen with these moves. But those people that do lose their jobs will probably be bale to find one quickly with adding over 200,000 per month. He may say a lot that's wrong. But his policies haven't been yet. Might as well get on board and it's never too late to
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Old 06-01-2018, 09:31 PM   #20
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Originally Posted by banecat View Post
Gambling can be done when the economy is moving at the pace that it is. Economics is a long game. And the article states that almost 100,000 will be added alone. With 250,000 possibly lost. Maybe not quite as many or more will be gained. The same with the loses

This is forecasting. No one knows exactly what will happen with these moves. But those people that do lose their jobs will probably be bale to find one quickly with adding over 200,000 per month. He may say a lot that's wrong. But his policies haven't been yet. Might as well get on board and it's never too late to
Was there supposed to a rebuttal anywhere in that rambling word salad?
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Old 06-01-2018, 09:42 PM   #21
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Originally Posted by Lex Luthor View Post
Was there supposed to a rebuttal anywhere in that rambling word salad?
You throw up some op-ed as gospel like it was flat out fact. The other dude responds with his own thoughts, right or wrong.

You respond with 'word salad' instead of any rebuttal of your own. You can't of course because you're just cut and pasting someone else's thoughts.

You've become a laughable clown.
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Old 06-01-2018, 09:49 PM   #22
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All praise to President Trump and the wonderful things he's doing for America and real Americans.
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Old 06-01-2018, 09:50 PM   #23
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Old 06-01-2018, 09:50 PM   #24
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Originally Posted by Lex Luthor View Post
Was there supposed to a rebuttal anywhere in that rambling word salad?
Is there a time frame for when the equivilent less than a month's worth of jobs being created will disappear, or just the speculation on how many will be lost?
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Old 06-01-2018, 10:12 PM   #25
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Originally Posted by mlyonsd View Post
You throw up some op-ed as gospel like it was flat out fact. The other dude responds with his own thoughts, right or wrong.

You respond with 'word salad' instead of any rebuttal of your own. You can't of course because you're just cut and pasting someone else's thoughts.

You've become a laughable clown.
The article I posted was brief, to the point, and very clear. It was so clear that I assumed everyone would be smart enough to understand it, and therefore I didn't think I needed to add a summary to it. Apparently I was wrong, at least in your case.

Banecat's response was a rambling piece of nonsense that attempted to draw attention away from the number of jobs that would be lost outside of the auto industry, while focusing on the (much smaller) number of jobs in the auto industry that these tariffs are supposed to protect.

Protectionism is a bad economic strategy. If you don't understand that, there's nothing I can do for you.
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Old 06-01-2018, 10:13 PM   #26
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Originally Posted by GloryDayz View Post
All praise to President Trump and the wonderful things he's doing for America and real Americans.
Awesome, the third graders are posting again.
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Old 06-01-2018, 10:17 PM   #27
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Originally Posted by Lex Luthor View Post
Awesome, the third graders are posting again.
Says the 1st grader..

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Old 06-01-2018, 10:21 PM   #28
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Originally Posted by GloryDayz View Post
Says the 1st grader..
This is a better cover for Time Magazine. It certainly has better predictive value than what you posted:

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Old 06-01-2018, 10:24 PM   #29
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Originally Posted by Lex Luthor View Post
The article I posted was brief, to the point, and very clear. It was so clear that I assumed everyone would be smart enough to understand it, and therefore I didn't think I needed to add a summary to it. Apparently I was wrong, at least in your case.

Banecat's response was a rambling piece of nonsense that attempted to draw attention away from the number of jobs that would be lost outside of the auto industry, while focusing on the (much smaller) number of jobs in the auto industry that these tariffs are supposed to protect.

Protectionism is a bad economic strategy. If you don't understand that, there's nothing I can do for you.
This thread was about how many jobs were added last month. You posted an article fragment about what might happen eventually. I brought your bullshit in and tried to add it into the overall topic. If you want to start a thread about how much you don't like the president with exhibit 4,932, then go do so
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Old 06-01-2018, 10:31 PM   #30
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Originally Posted by Lex Luthor View Post
This is a better cover for Time Magazine. It certainly has better predictive value than what you posted:


Any day now!


If you just keep posting it will happen Mongo. Just hit the "new thread" button three times while chanting "not my president". Give it the ol' (community) college try!


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