November brought jobs. Not a lot though. |
So again, I don't believe the numbers. After all, how can we magically have nearly 300,000 jobs after two months of anemic job growth.
Nonfarm payrolls show that for the month of November was 266,000 jobs. So that means in the United States with a population of 330 million, there's 266,00 jobs spread across the 50 states, five U.S. territories and the District of Columbia. That means only a fraction of Americans are looking forward to getting a job for the holidays.
Trump only gloats when the news is good.
Stock Markets Up Record Numbers. For this year alone, Dow up 18.65%, S&P up 24.36%, Nasdaq Composite up 29.17%. “It’s the economy, stupid.”— Donald J. Trump (@realDonaldTrump) December 6, 2019
GREAT JOBS REPORT!— Donald J. Trump (@realDonaldTrump) December 6, 2019
“This is a blowout. Look at these manufacturing numbers, a blowout.” @MariaBartiromo— Donald J. Trump (@realDonaldTrump) December 6, 2019
Without the horror show that is the Radical Left, Do Nothing Democrats, the Stock Markets and Economy would be even better, if that is possible, and the Border would be closed to the evil of Drugs, Gangs and all other problems! #2020— Donald J. Trump (@realDonaldTrump) December 6, 2019
The unemployment rate drops to 3.5% from 3.6% that stalled in October and November.
Many companies are filing for bankruptcy and closing up locations.
The hiring of U.S. Census workers is coming. In 2020 we're going to do the official count of residency. This could determine which state gains or loses a congressional seat. This also distributes financial assistance to the communities. The count helps determine how resources are used.
The weak jobs reports has forecasters predicting a recession is coming.
Trump, Melania Trump, Mike and Karen Pence together. |
We still have a dozen or so candidates running for the Democratic nomination. No candidate has emerged as a viable candidate to take on Trump. Impeachment has pretty much soaked up any successes Trump gotten.
Trump's mishandling of foreign affairs has gotten more uncertain. North Korea has warned that talks with the United States will break off if Trump doesn't ease off sanctions.
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.
Real Reason To Why Unemployment Rate Stays The Way It Is!
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.
Nancy Pelosi, Chuck Schumer, Mitch McConnell and Kevin McCarthy. |
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. So far private equity firms are buying corporations and piling on debt. These corporations can't sustain the debt and are forced to declare bankruptcy and eventually liquidation. Many of our nation's largest companies and start-ups have equity firms investing in them. When the firms want their money, they're going to get their money.
With Republicans 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 is 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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