Boots & Sabers

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Owen

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0759, 06 Dec 19

Jobs Surge

Wow. I didn’t expect this.

The jobs market turned in a stellar performance in November, with nonfarm payrolls surging by 266,000 and the unemployment rate falling to 3.5%, according to Labor Department numbers released Friday.

Those totals easily beat the Wall Street consensus. Economists surveyed by Dow Jones had been looking for solid job growth of 187,000 and saw the unemployment rate holding steady from October’s 3.6%.

The jobs growth was the best since January. While hopes already were up, much of that was based on the return of GM workers following a lengthy strike. That dynamic indeed boosted employment in motor vehicles and parts by 41,300, part of an overall 54,000 gain in manufacturing.

With unemployment already being so low, it is really challenging to have this much job growth. There just aren’t enough people in the workforce to fill the jobs. This means that more people are coming off the bench to fill jobs.

This is also encouraging:

Average hourly earnings rose by 3.1% from a year ago, while the average work week held steady at 34.4 hours.

Jobs up. Earnings up. Good stuff.

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0759, 06 December 2019

28 Comments

  1. Kevin Scheunemann

    Trump just keeps on winning!   And these idiot liberals want to keep saying America is a teerible place.   Record employment, Record opportunity…especially for minorities.   Liberals should apologize for being so wrong…on everything!

     

  2. jjf

    I’m sorry for the great increases in spending under Trump, Kevin.

  3. Kevin Scheunemann

    Forgot to add….liberals never apologize, AND they never stay on topic.

    Awful. Just awful.

  4. Le Roi du Nord

    Speaking of records:

    “The federal government spent a record $3,727,014,000,000 in the first ten months of fiscal 2019 (October through July).

    While spending that record $3,727,014,000,000, the government ran a deficit of $866,812,000,000.”

    Source: US Treasury

  5. Mar

    Since the liberals are so concerned about money, let’s just get rid of all illegal immigrant detainee camps and just forcibly return all illegala, cut down on welfare, free school lunches, NPR and PBS money, get rid of half of the diplomatic Corp, get rid te Dept. Of Education all together,get rid of farm subsidies, privatize all prisons and national parks.
    That would save taxpayers plenty of money.

  6. Kevin Scheunemann

    The do nothing Democrats in Congress stand in way of Trump fixing everything you mention.

    Pelosi is awful. Just awful.

  7. Le Roi du Nord

    “The do nothing Democrats in Congress stand in way of Trump fixing everything you mention”

    And that too is wrong in so may ways.   Or don’t you understand how the federal government appropriates and spends money?  For a guy with all the answers you rally don’t have many..

     

  8. Le Roi du Nord

    BTW: NPR doesn’t get any direct federal funding.

  9. Mar

    Another lie from Le Roi.
    “Public Radio and Federal Funding

    Federal funding is essential to public radio’s service to the American public. Its continuation is critical for both stations and program producers, including NPR.

    Public radio stations receive annual grants directly from the Corporation for Public Broadcasting (CPB) that make up an important part of a diverse revenue mix that includes listener support, corporate sponsorship and grants. Stations, in turn, draw on this mix of public and privately sourced revenue to pay NPR and other public radio producers for their programming.”
    https://www.npr.org/about-npr/178660742/public-radio-finances
    Of course, Le Roi, you will probably say NPR is lying.

  10. Pat

    Mar,

    I’ve read the article you linked, and I didn’t read anything about NPR receiving any direct federal funding. I could have missed it and if it’s there I’m sure you’ll be able to present the quote that says they do.

  11. Le Roi du Nord

    mar:

    “NPR doesn’t get any direct federal funding”

    That is a quote from an NPR financial statement.  I don’t know if they are lying or not.  You can ferret that out if you so desire..

    Until you do I’ll stick with what NPR says.

    In the spirit of openness and honesty, my family is a sustaining donor to NPR and WPR.

  12. Mar

    Pat, the quite is almost at the bottom of a very long boring article.
    Le Roi, please link your source.

  13. Le Roi du Nord

    “On average, less than 1% of NPR’s annual operating budget comes in the form of grants from CPB and federal agencies and departments.”

    This quite (sic) is from your article, mar.  Not the same as “direct” funding, so I am still on pretty solid ground.

     

  14. Mar

    Le Roi, why must you lie? Just admit you were wrong and move on. It doesn’t matter if NPR gets 1 cent from the Feds, you said NPR doesn’t get any direct funding from the Feds and you were proved wrong…again.

  15. Le Roi du Nord

    mar:

    We all have come to the realization that the written word continues to puzzle you.

    PS: A grant is not the same a direct funding.  You can look it up.

  16. Kevin Scheunemann

    Liberals lie constantly, Nord is no exception.

  17. Le Roi du Nord

    k:

    Where did I lie?  Or is it just your faith that tells you that, regardless of the facts? Or just another knee jerk reaction to reality?

  18. Mar

    Well, according to Le Roi, NPR must be lying and yet Le Roi offers no proof that he is correct.
    That’s right out of the liberal playbook, lie,lie and lie and then some uneducated peoole will believe you.

  19. dad29

    $432 million is only 1%?

    No wonder their “hosts” are paid upwards of $300K/year.

  20. MjM

    Nort thinks he’s being sly: “NPR doesn’t get any direct federal funding.”

    Quite right.  They get it the Black Hand way: “Pay the fee, member station, or we cut you into pieces.”

    And where does the station fee come from?

    Taxpayers pay directly about 14% – Federal, State, Local – of a local stations’ revenue.   Now add in the revenue – 11% – funneled through public educational institutions (like UW and MATC).

    The majority (37-40%) of NPR’s revenue comes from these station fees.  Now,  add in the separate “distribution services” fee payed by all member stations (8% of revenue).  Now add in the “CPB and federal agencies and departments” grant money.

    You can call it whatever you want.  Direct, non-direct, around-the-bend, over-hill-over-dale.  Doesn’t matter.  NPR is at minimum 12% taxpayer funded, and that doesn’t take into account all the write-offs taken for donations.

    Meanwhile,  “non-profit” NPR prez and CEO Jarl Mohn raked in $665,935 (2017).

     

     

     

     

     

     

     

  21. Mike

    This article is about the 266000 new jobs last quarter. This has also resulted in raising the effective minimum wage to #12-15 dollars an hour due to the scarcity of workers.

    Nice job by the libs here burying the good news in an irrelevant argument about NPR funding.

  22. Mar

    Liberals cannot stand good news that Trump helped to create.
    If Trump personally solved cancer they would still complain. They would say the cure costs too much. That women, children, minorities and LGQT community would be hurt the most. Why didn’t he cure diabetes first. That if he spent less time at Mar a Lago, he could have found quicker. And on and on and on.

  23. Le Roi du Nord

    Wow, that is the first time anyone ever called mar a liberal.  Great find.

  24. jjf

    MjM, whatever you do, don’t examine the pay of “non-profit” hospitals.  And don’t google “Javon Bea.”

  25. Mar

    Actually, Le Roi, in the county I live in, in Arizona, I would be considered a liberal.

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