Friday, September 04, 2015

Ain't No Half-Steppin'!

Jobs aplenty and conservative agitators complaining.

Okay, once again the agitator dissect the latest job numbers for the month of August. The unemployment rate drops to 5.1% and it's netted a reasonable 176,000 jobs.

The jobs numbers for the final month of Summer netted less than expected. However, hiring is still going on.

Indicating that the slowdown in job growth was likely not reflective of the economy's true health, payrolls data for June and July were revised to show 44,000 more jobs created than previously reported. In addition, average hourly earnings increased 8 cents and the workweek rose to 34.6 hours.

While the report may not change views that the U.S. economy remains vibrant amid volatile global financial markets and slowing Chinese growth, it could make Fed officials hesitant to push borrowing costs higher at a policy meeting on Sept. 16-17.

In the wake of a recent global equities sell-off, financial markets significantly scaled back bets on a September rate hike over the past month. But Fed Vice Chairman Stanley Fischer told CNBC last week it was too early to decide whether the stock market rout had made an increase less compelling.

Still, the labor market is improving and adds to a string of upbeat data, including figures on automobile sales and housing, that has suggested the economy was moving ahead with strong momentum early in the third quarter after growing at a robust 3.7 percent annual rate in the April-through-June period.

The jobless rate's two-tenths of a percentage point drop took it to its lowest level since April 2008 and brought it into the range that most Fed officials think is consistent with a low but steady rate of inflation.

A broad measure of joblessness that includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment fell to 10.3 percent, the lowest since June 2008, from 10.4 percent in July.

Jobs gains were spread across nearly all sectors of the economy in August. The energy and manufacturing sector, which are grappling with last year's sharp drop in crude oil prices and a strong dollar, were the exception.

Construction payrolls rose 3,000 last month on top of the 7,000 jobs added in July. Mining and logging employment fell by 10,000 jobs last month. Manufacturing payrolls fell 17,000, despite robust demand for autos.

The increase in hourly earnings left them 2.2 percent above their year-ago level, still well below the 3.5 percent growth rate economists consider healthy. Some analysts think earnings are being held back by falling wages in oil field services.

But a tightening labor market and decisions by several state and local governments to raise the minimum wage should eventually translate into faster earnings growth and give the Fed confidence that inflation, which collapsed with oil prices, will move closer to its 2 percent target.

A number of retailers, including Walmart, Target and TJX Cos, have increased pay for hourly workers.

Another thing. The idiocy of our politicians and agitators in the junk food media. The 93 million not working comments from concern trolls. Donald Trump, Ted Cruz and that network with the many agitators on made this bold claim that 1/3 of the U.S. population is not working.

Okay, there's 323 million Americans.

Let's put it all into perspective. First things first, for every birth. Do you believe that a newborn should be working. There's probably over 145,000 births a day.

Okay there's death. There's probably over 350,000 deaths a day.

Those who are between the age of 1 to 15. There's probably over 80 million children living.

Those who are in the iron college. There's probably over 5 million in iron college.

Those who are in high school or college (age 16 - 25) there's probably 5 million of those not working but attending full time at a high school or college.

Then those who have retired, physically disabled,  laid off or unemployed with no payroll.

Those people make the remaining amount of non-working individuals.

There's approximately 10 million active body people not working in the labor force.

Quit the lying and tell the truth.

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