Trump has a job number that is positive (sort of). |
The employment rate goes down. The unemployment rate falls to 3.9 percent
The Labor Department on Friday released its hiring and unemployment figures for July. It gives us a look into how the Trump economy is working.
Given that many retail companies are closing, Trump and his minions seriously believe America's jobs are coming back and he credits the "achievements of his Jobs and Tax Cut Act" for the success.
Mind you that 157,000 jobs isn't a lot. We live in a country of 334 million Americans.
How is 157,000 jobs going to be distributed across the 50 states, the District of Columbia and the five U.S. territories where residents live?
Americans are having trouble finding permanent work. Companies are struggling to find qualified workers willing to find the right job.
American workers' average hourly paychecks grew tepidly from the previous month and are up just 2.7% compared to the same time last year. During previous expansions, wages have grown at a faster pace. Economists' maintain that wages will rise as economy drains remaining slack from the labor market and businesses' pay more to retain workers.
Although the July hiring number fell below economists' expectations, the government revised the previous months' job gains by an additional 59,000. With revisions, job gains have averaged 224,000 a month over the past three months.
Real Reason To Why Unemployment Rate Stays The Way It Is! There are 104 million active body people not working in the United States.
1. DEAD
2. BORN
3. IN PRISON
4. IN PRIMARY SCHOOL
5. IN MIDDLE SCHOOL
6. IN HIGH SCHOOL
7. IN COLLEGE NOT LOOKING
8. VOLUNTEER
9. DISABLED
10. STAY AT HOME PARENT
11. RETIRED
12. QUIT ON THEIR OWN
13. NOT HIRING QUALIFIED
14. NATURAL DISASTERS
15. ACTIVE MILITARY
16. NOT HIRING TOO QUALIFIED
17. LAID OFF
18. FIRED FROM THE JOB
19. DESTRUCTION TO FACILITY
20. OUTSOURCING
21. IMMIGRANTS TOO AFRAID OF BEING DETAINED BY I.C.E.
22. SHAMED BY SOCIAL MEDIA
So if you actually believe that Trump is doing good, you're wrong. We are going to see the economy tank in three years. The inept leader rollback of regulations, these tariffs, saying these ridiculous comments and pushing for tax cuts are going to hurt us all in the long term.
Most Americans believe Trump is dishonest and a racist. That's not good. People are saying that Republicans are overreaching. This could hurt their chances to hold onto Congress.
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