Over 325.9 million people live in the United States. We have an unemployment rate of 4.1 percent and it hasn't changed since. The commonwealth of Puerto Rico has 1.4 million people still without power.
Gun violence has killed 5,000 people a month.
We have added 313,000 Jon's for the month of February.
Impressive given that wages are weak and people are not happy at their jobs.
People are cautious about getting federal jobs. The federal jobs are scarce.
Donald J. Trump wants to cut government and overtime pay for federal workers. He wants to also rollback regulations that protect workers.
The Jobs and Tax Cuts Act hasn't seen many improvements yet.
But stability in the job market is driving success. The folks at Bloomberg added
Payrolls rose 313,000 in February, compared with the 205,000 median estimate in a survey of economists, and the two prior months were revised higher by 54,000, Labor Department figures showed Friday. The jobless rate held at 4.1 percent, the fifth straight month at that level. Average hourly earnings increased 2.6 percent from a year earlier following a downwardly revised 2.8 percent gain.
U.S. stock futures and bond yields rose, as the report signaled the labor market remains strong and will keep driving economic growth. The wage figures show a cooling from a pace that spurred financial turbulence last month on concern that the Federal Reserve could raise interest rates faster.
While the unemployment rate remains well below Fed estimates of levels sustainable in the long run, the rise in participation suggests the presence of slack that would keep policy makers to a gradual pace of hikes.
Hiring was strong across the board and particularly in goods-producing industries. Construction businesses added 61,000 jobs, while factories boosted payrolls by 31,000. Service providers added 187,000 workers, including about 50,000 in retail, a sector that has been under pressure.
“The upturn in the U.S. labor market will continue, with the effect of the tax reform, the weak U.S. dollar, interest rates are still low, and I expect more investment,” said Dirk Chlench, head of bond research at Landesbank Baden-Wuerttemberg. He had estimated 300,000 job gains, the highest projection in Bloomberg’s survey. “There’s every reason to be optimistic about the U.S. economy."
We are in the fears of a retail collapse. The fall of Toys R Us is imminent. The company might start liquidating stores and close up shop forever.
Bon Ton has declared bankruptcy. Stores are closing and is on the verge of collapse.
The Weinstein Group was going to be bought by a movie distributor. It fell through. Now it's on the verge of collapse. Despite Harvey and Bob Weinstein's ouster, the company still has workers who may not see a paycheck.
The labor force rate remains unchanged as well. About 62.9 percent of Americans are working/overworked.
Okay, here's the reason to why Americans aren't 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
So if you actually believe that Trump is doing good, you might be right. The inept leader is rolling back regulations and pushing for tax cuts to get the ball rolling on job growth.
