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| Bad news on the jobs report. |
The unemployment rate remains at 3.6%.
The U.S. economy added only 75,000 jobs in May. That means less than 100,000 jobs were spread across the 50 states, the District of Columbia and the five U.S. territories. The population of 336.9 million Americans (U.S. nationals).
The report is making the notion that our economy is slowing down. That means that jobs aren't hiring or they're fazing out positions in industries that Americans once held.
Economists were expecting 185,000 jobs. This fell very short of the anticipated number.
Wage growth also decelerated slightly, with average hourly earnings rising 3.1% from a year earlier, down from a 3.2% rate a month earlier.
Things are getting worse. Donald J. Trump has threatened to impose tariffs on Mexican products if they don't curb immigrants from coming to the border. He also has engaged in a trade war with the European Union and China. Each of these trade wars caused a global ripple effect.
On Monday, if the U.S. enables the tariffs on Mexico, American consumers will pay more for fruit, alcohol, peanuts, almonds and wine.
Why does it feel like it's not an improving economy?
First things first, the cost of living has not changed.
The average wage for most Americans aren't matching the cost of gasoline, food and rent. They are not matching overall satisfaction.
Many economists are saying that a recession is coming.
Those die-hard Trump supporters will say that his leadership is successful. All the while, they find that their average wages are stalling. Many of these Trump supporters probably lost their jobs. Some are probably losing their homes due to flooding, wildfires and foreclosure.
Food prices, energy prices, rent, city services and college education have risen over the past year.
Real Reason To Why Unemployment Rate Stays The Way It Is!
There are 104 million active body people not working in the United States. The examples of why they're not working.
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
Let me remind you, that Trump and Republicans believe austerity is the key to a strong economy and job market. The Republicans are not in control of the House of Representatives. The Democrats now control the House and will push for an agenda that Trump will likely oppose. Republicans in the Senate will continue to pass ridiculous laws that hurt the working class and middle class. They are already streamlining federal judges that could rollback years of progress.
The inept Senate leadership of Mitch McConnell is being ignored. He is leading our country into the abyss. Trump and Republicans believe that trickle down economics (i.e. free market capitalism) is helping Americans. Really, it's making people work harder and we're not seeing the benefits of it.
We are not happy with the incentives companies provide.
With them trying to dismantle the Affordable Care Act, many of Trump's die hard supporters are going to get a culture shock when they find out their health coverage from their employer terminated it because they are no longer forced to provide it. Or they'll keep hours lower to keep people from obtaining health insurance.
The Jobs and Tax Cut Act has added trillions of dollars of debt to the economy. The results of the tax cuts haven't produced the stability. It's still considered a very unpopular law.
Trump is destroying the economy. I won't say anything positive about him. Regardless of what happens, this is short-term success.
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