Thursday, July 02, 2015

Summer Madness!

President and First Lady Obama greet Girl Scouts outside the White House. The best two weeks for the president. Affordable Care Act is here to stay, marriage is equal, and the jobs market is improving. Also the White House now allows photos. Great day for Barack Obama.

The good news is that 225,000 jobs were reported for the month of June. The unemployment rate has dropped to 5.3%. Thus sealing a set of two good weeks for a president most in the media written off as a lame duck.

President Barack Obama's policies have improved the economy.

His executive order also gives salaried workers who make less than $50,000 a pay raise. It's a temporary fix until the lame Congress officially pass a worker's pay bill which includes an adjustment to the minimum wage.

The AP reports the Labor Department said Thursday that the unemployment rate dropped from 5.5 percent in May. The rate fell mostly because many people out of work gave up on their job searches and were no longer counted as unemployed.

Other details in the report were less encouraging: The percentage of Americans working or looking for work fell to a 38-year low. Average hourly pay was flat. And employers added 60,000 fewer jobs in April and May than the government had previously estimated.

For the first five months of 2015, monthly job growth averaged 217,000, a healthy streak that has been steadily absorbing the unemployed as well as part-time workers looking for more hours.

That job growth has raised economists' expectations that the Fed will soon boost the key short-term rate it controls in September or, if not, in December. The Fed has kept that rate at a record low near zero for 6½ years to support the economy. A Fed rate hike would lead to higher rates for mortgages, auto loans and other borrowing.

Strong hiring has endured this year despite a miserable winter, which helped cause the economy to contract 0.2 percent at an annual rate in the January-March quarter.
Politifact rated Stallmigo Ted Cruz (R-TX) statements on unemployment false. He took that talking points from an annoying conservative agitator and used it for his attacks.
The job gains show that employers are increasingly confident that their customer demand will keep growing. Their willingness to hire in anticipation of greater demand marks a shift from earlier in the economic recovery, when many businesses tended to hire only when essential.

A survey of purchasing executives at manufacturing firms released this week found that factories reported a scant rise in orders in June but ramped up hiring anyway.

Americans are finally spending more after boosting their savings earlier this year, in part because they're growing more confident about the economy. The Conference Board said Tuesday that its consumer confidence index reached 101.4, matching March's figure for the second-highest level since the recession.

That's good news for auto dealers and real estate agents. Auto sales jumped to nearly a 10-year high in May. The National Automobile Dealers Association forecasts that sales will top 17 million this year for the first time since 2001.

And home sales are running at an eight-year high and boosting construction. Permits to build homes jumped 11.8 percent in May to the highest level since 2007.

Good news pisses this old fart off.
Most economists now expect economic growth to reach an annual rate of 2.5 percent in the April-June quarter and 3 percent in the second half of the year.

The workforce rate dropped to 62.5%. The lowest since 1977. That means a slight improvement from normal figures.

The jobs report for the month of June comes roaring like a lion and the conservative agitators are still devoted to making the ridiculous claim that 93 million people not being in the workforce. Of course, they don't explain to their stupid followers that it's based on statistics not policies.

The biggest nay sayer in the junk food media is an old fart. That old fart is Rush Limbaugh.

Jobs are being loss. Yeah, because the radio stations keep you and that annoying conservative agitator Sean Hannity on the radio. You squeeze out the local agitators. For you see, if you see an old fart like Rush Limbaugh dominate 573 radio stations across the country, he already destroyed 80 jobs.

It already cost a lot to put this piece of shit on radio. He's not profitable. When they kick him off the radio station, that puts people out of jobs. Matter of fact, the progressive radio stations have to sell their stations to accommodate to you. So that means you put agitators like Thom Hartmann, Stephanie Miller, Bill Press and Alan Colmes on the street. They don't have the 500 stations. They barely have 50 affiliates.

In reality, if you have a bunch of people not in the workforce, I am guessing that some are not looking for service jobs. Many careers for a post graduate are not hiring. Construction is up. I mean when it rains or when the working season is over, construction is halted.

Out of 320 million people, there's over 56 million people who are leaving the job force through retirement. At least 100,000 people die in the United States a day. The baby boomers are retiring at a faster rate. There are 38 million people who are between the age of 16 - 25 either in high school or attending college. There are active college student that don't work.

So lumping in everything would make sense if you count the dead bodies, force the retired back to work, tell the disabled to get to work and tell children under 16 to pick up a job application.

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