Fall Back!

The unemployment rate stable. Job growth but spread across the spectrum.

For a country of 329.4 million, how many jobs are really added?

The U.S. Labor Department added 201,000 jobs for the month of August. Unemployment continues to stay stagnant at 3.9%. The Republicans are bragging about how a measly amount being spread across the 50 states, the District of Columbia and the five U.S. territories.

If you do the math, somewhere in America, the jobs are coming. Not here in my area. We just lost a hospital, two anchor stores at the local mall, fast food restaurants, a data firm and two industrial companies.

You tell me if the Jobs and Tax Cut Act is working for you. Many Americans are working two or three jobs with little for little or no pay.

Reuters say U.S. job growth accelerated in August, with wages notching their largest annual increase in nine years, strengthening views the economy was so far weathering the Trump administration’s escalating trade war with China.

Average hourly earnings increased 0.4 percent, or 10 cents in August after rising 0.3 percent in July. That raised the annual increase in wages to 2.9 percent in August, the largest increase since June 2009, from 2.7 percent in July.

Strengthening wage growth underscores tightening labor market conditions and cements expectations for a third interest rate increase from the Federal Reserve this year when policymakers meet on Sept. 25-26.

The unemployment rate was unchanged at 3.9 percent in August. But a broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment, fell one-tenth of percentage point to 7.4 percent, the lowest level since April 2001.

Economists polled by Reuters had forecast nonfarm payrolls increasing by 191,000 jobs last month and the unemployment rate falling to 3.8 percent. The economy created 50,000 fewer jobs in June and July than previously reported.

Analysts say the administration’s $1.5 trillion tax cut package and increased government spending were shielding the economy from the trade tensions, which have also seen Washington engaged in tit-for-tat tariffs with other trade partners, including the European Union, Canada and Mexico.

They also note that the import duties implemented so far have affected only a small portion of the American economy, but warned this could change if President Donald Trump pressed ahead with additional tariffs on Chinese imports.

The United States and China have slapped retaliatory tariffs on a combined $100 billion of products since early July.

Americans had until Thursday to comment on a list of $200 billion worth of Chinese goods widely expected to be hit with tariffs soon. The government imposed import duties on goods including steel, aluminum, washing machines, lumber and solar panels early this year to protect American industries from what Trump says is unfair foreign competition.

Global outplacement firm Challenger, Gray & Christmas said on Thursday there were 521 tariff-related job cuts in August, but these were largely offset by the hiring of 359 workers by steel producers.

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.