The unemployment rate fell to 13.3 percent and payrolls unexpectedly rose by 2.5 million workers as the easing of restrictions on business activity and government aid led to new hiring in May.
The U.S. unemployment rate fell below last month’s record-high 14.7 percent, which was the highest on record in data going back to 1948. Economists estimate that the unemployment rate reached 25 percent during the Great Depression, although that predated the scientific economy-wide record keeping the government now deploys.
The job gains mark a sudden turnaround from a month earlier, when the economy shed a staggering 20.5 million jobs, by far the worst monthly decline on records back to 1939.
Economists had expected the unemployment rate to rise to nearly 20 percent and the economy to shed an additional 8 million jobs.
The mandatory closures of many businesses and stay-at-home orders slammed what had been a very healthy labor market hard. The economy added jobs for 113 straight weeks through February, a record streak of growth. The unemployment rate was 3.5 percent in February. And yet job creation was running very hot, with the economy adding an average of 211,000 new jobs each month.
The government has undertaken unprecedented efforts to support employment and provide aid to those who have lost their jobs. Around 150 million taxpayers received stimulus payments of up to $1200 for adults in their household plus additional amounts for children. The Treasury’s Paycheck Protection Program is backing $669 billion of loans to small businesses that can be forgiven if borrowers do not lay off workers. The federal government has been providing an additional $600 on top of state unemployment benefits, paying some Americans more than they earned on the job.
Recent data suggest the labor market has been stabilizing and is now improving. The number of people applying for unemployment benefits has declined every week since hitting a record high 6.8 million in March. Last week, this number fell to around 1.8 million. Over 40 million new claims have been made for unemployment since the wave but ongoing claims are just over 20 million, indicating many Americans have been rehired after losing jobs.
In May, employment in leisure and hospitality jumped by 1.2 million after falling by 7.5 million in April and 743,000 in March. Bars and restaurants hired an additional 1.4 million workers following a combined 6.1 million in job losses in April and March.
Construction employment jumped by 464,000 in May, gaining back almost half of April’s decline.
Dentist offices added 245,000 jobs. Health care employment overall rose by 312,00.
Retail shops added 368,000 jobs in May, after a loss of 2.3 million inApril. Over-the-month job gains occurred in clothing and clothing accessories stores were 95,000. Auto dealers added 85,000. General merchandise stores added 84,000.
Manufacturers added 225,000 jobs, about evenly split between the durable and nondurable goods components. Twenty-eight thousand of those were in auto making plants.
The fight against tyranny is intensifying quickly.
By Shane Trejo
Anti-quarantine protesters in Michigan are claiming that they were accosted by security personnel while protesting inside the Capitol against the shutdown that is crippling the state economy.
Governor Gretchen Whitmer has been the target of high-profile protests in recent weeks due to her restrictions on Michigan citizens. Her goons have hassled Michigan residents for boating, cited people for gathering outdoors in private backyards, and put thousands of small businesses out of commission. This caused protesters to gather outside of her taxpayer-funded mansion last week, and commence the historic “Operation Gridlock” display that has since gone viral and spread throughout the country.
Graphic videos have been posted on social media of protesters being physically removed from the Capitol premises. One protester, Michigan United for Liberty organizer Wendy Darling, received particularly harsh treatment. During one stretch of the video, she can be seen having a panic attack. She reported suffering serious injuries and needing to be hospitalized because of how she was treated by security personnel in the Capitol.
“I went above and beyond to get extra press credentials today and then they wouldn’t let us in and wouldn’t let the Capitol Police come in and took upon theirself to assault and battery me,” Darling said in a video address to her supporters describing the abusive treatment she received while awaiting her X-rays in a local hospital.
“The numbness from the panic attack is wearing off. In a lot of pain. Whole right side of body, head, neck, back, my right wrist is the worst from the Friction burns,” Darling wrote about her incident in the Michigan United for Liberty group on Facebook.
She added: “Completely unnecessary. Illegal for so many reasons.”
Law enforcement is aware of the matter and are conducting an investigation into the case of blatant thuggery against these individuals who were exercising their 1st Amendment rights.
“One of the protesters — one of the citizens — that was removed from the House gallery was complaining of unspecified injuries. At her request, she was transported from the Capitol Building down to Sparrow Hospital. I have one of my detectives, sergeants, down at the hospital now that is interviewing her, taking her statement as to what happened and her account of what transpired. If she has any injuries, they will be documented and photographed and they will be included in our report that is sent to the prosecutor’s office,” said Michigan State Police 1st Lt. Darrin Green.
Darling is already one of the many individuals working on various lawsuits against the state over the governor’s unconstitutional edicts. Because of her mistreatment in the Capitol, Darling may be working on another lawsuit to redress the cruel and unusual punishment inflicted upon her earlier today in the future as well.
By John Binder
The Chinese coronavirus “is emphatically a disease of globalization,” a pandemic historian at Yale University says.
In an interview published in the Wall Street Journal, Yale University’s Frank Snowden — a historian who most recently in 2006 published a book about Italy’s eradication of malaria — details how the coronavirus pandemic is threatening the globalist worldview of free movement of people and free trade.
The interview finds the Journal‘s Jason Willick seemingly admits the coronavirus is tainting globalism and pushing Americans and the peoples of Europe toward nationhood:
Yet while the [bubonic] plague saw power move up from villages and city-states to national capitals, the coronavirus is encouraging a devolution of authority from supranational units to the nation-state. This is most obvious in the European Union, where member states are setting their own responses. Open borders within the EU have been closed, and some countries have restricted export of medical supplies. The virus has heightened tensions between the U.S. and China, as Beijing tries to protect its image and Americans worry about access to medical supply chains. [Emphasis added]
Snowden told the Journal the coronavirus is a direct result of the globalization of the American economy after nearly four decades of free trade policy initiatives:
The coronavirus is threatening “the economic and political sinews of globalization, and causing them to unravel to a certain degree,” Mr. Snowden says. He notes that “coronavirus is emphatically a disease of globalization.” The virus is striking hardest in cities that are “densely populated and linked by rapid air travel, by movements of tourists, of refugees, all kinds of business people, all kinds of interlocking networks.” [Emphasis added]
Globalization, Snowden notes, has driven the coronavirus to majorly impact the wealthiest of Americans.
“Respiratory viruses, Mr. Snowden says, tend to be socially indiscriminate in whom they infect. Yet because of its origins in the vectors of globalization, the coronavirus appears to have affected the elite in a high-profile way,” the Journal piece states. “From Tom Hanks to Boris Johnson, people who travel frequently or are in touch with travelers have been among the first to get infected.”
The infection of thousands of the nation’s rich and upper-middle-class has driven class warfare in regions like the Hamptons in New York where some of the wealthiest, most liberal celebrities own property.
A report by Maureen Callahan for the New York Post chronicles how the working class staff of the Hamptons’ elite are turning on them as those infected disregard rules and Center for Disease Control (CDC) guidelines:
“There’s not a vegetable to be found in this town right now,” says one resident of Springs, a working-class pocket of East Hampton. “It’s these elitist people who think they don’t have to follow the rules.” [Emphasis added]
It’s not just the drastic food shortage out here. Every aspect of life, most crucially medical care, is under strain from the sudden influx of rich Manhattanites panic-fleeing … — and in some cases, knowingly bringing coronavirus. [Emphasis added]
“We’re at the end of Long Island, the tip, and waves of people are bringing this s–t,” says lifelong Montauker James Katsipis. “We should blow up the bridges. Don’t let them in.” [Emphasis added]
While globalization has delivered soaring profits for corporate executives, working- and middle-class American communities have been left behind to grapple with fewer jobs, less industry, stagnant wages, and increase competition in the labor market due to decades-long mass legal immigration.
Since 2001, free trade with China has cost millions of Americans their jobs. For example, the Economic Policy Institute has found that from 2001 to 2015, about 3.4 million U.S. jobs were lost due to the nation’s trade deficit with China.
Of the 3.4 million U.S. jobs lost in that time period, about 2.6 million were lost in the manufacturing industry, making up about three-fourths of the loss of jobs from the U.S.-Chinese trade deficit.
October 7, 2019
Americans are beyond angry with the actions the Democrats, elites, the Deep State and their media.
President Donald Trump is a great man and the greatest President of this generation.
His list of accomplishments is unending and proves his devotion to the country.
*The highest stock markets ever – up nearly 50% since his election win
*The most stock market all time daily highs in a year (71)
*The most stock market all time daily highs in a row (12) – tying Reagan
*The largest stock market rally in a day – over 1,000 points
*The lowest overall unemployment in 50 years currently at 3.5%
*The lowest unemployment ever for women, Hispanics and blacks
*The most Americans working in history
*More job openings that employees
*Massive wage increases, especially in the lowest income workers
*Medium level income at highest levels ever recorded
*Over 6 million new jobs since 2017 (good paying jobs too)
*American energy independence for first time in decades
*American energy exporter first time in decades
*Out of Obamacare mandate which forced Americans to pay tax penalty for not affording insurance
*Millions of Americans off of food stamps
*Strongest military ever
*Started Space Force – preparing America for space age defense
*Destroyed evil ISIS in Syria/Iraq after Obama said they would be there for a generation
*Got US out of horrible Obama trade deal with China and Asian countries giving away US jobs
*Drafted new trade deal with Canada and Mexico (USMCA) which will save US jobs
*Drafted new trade deal with Japan
*Drafted new trade deal with Korea
*Standing up to China in trade and intellectual property theft
*Signed lowest corporate tax rates in decades helping US companies and workers
*First President to step inside North Korea
*First President to meet with North Korea leader in effort to achieve peace
*Standing up for America in NATO requesting EU countries to pay fair share
*Record number of regulations eliminated
*Two new Supreme Court judges
*More than 100 new District judges
*Withdrew from horrible Paris accords
*Withdrew from horrible Iran deal
The WhiteHouse.gov lists many,many more.
In addition to all of this, the President was forced to follow the most corrupt administration in US history.
As a result of the Obama Administration:
*The FBI is no longer trusted let alone respected due to its leaders actions related to Comey, Strzok, Page, McCabe, and others in passing on Hillary crimes while attacking candidate and President Trump
*Corrupt Obama judges like Amy Berman Jackson who put 70 year old Paul Manafort in solitary are still in place
*The DOJ is full of corrupt lawyers who were involved in Obama Administration coverups and illegal and sinister Deep State actions to spy on candidate and President Trump in efforts to prevent him from winning the election and then attempting to remove him from his Presidency
*The media is corrupt. Mainstream outlets like the New York Times, WaPo, CNN, MSNBC, ABC, CBS, NBC, etc, etc… are all in the tank with Obama Democrats. They praised him like a god during his realm and now follow his lead in slandering President Trump and ignoring his many accomplishments
*NeverTrumpers and other elites on the right side of the isle (e.g. Mitt Romney, etc..) have shown their real colors and lack of integrity due to their hate for President Trump. They would have preferred Hillary.
*Numerous acts of bribery and extortion were present in Obama’s world and this bled down to into the government as a whole. It appeared that all of DC was corrupt.
Ultimately, President Trump’s greatest accomplishment is that he beat Corrupt Hillary in the 2016 election. He arguably is the only one who could have beaten her. The Clinton’s had a machine and no one dared stand up to her but candidate Trump. Trump pointed out her many corrupt acts and won the greatest election of our lifetime.
The corrupt actors from the DNC, Deep State and media are not happy with President Trump. They have done all they can to remove him. Candidate Trump overcame their illegal acts during the election and then the corrupt Mueller investigation, where the President was investigated for no crime for more than three years when you include time before the election.
The Mueller investigation was not an investigation but an obstruction trap. They did everything they could to get the President to do something they could claim was obstruction but he did not fold. They brought his son in for hours of testimony, his daughter and her husband, they set up his son in Trump Tower, they invaded his personal attorney’s office, storage locker and home. They stole documents from his transition team. They set up and arrested his NSA General Mike Flynn who still is involved in the courts today. Everyone he knew or touched was investigated, against the law using the Special Counsel Act, but President Trump stood firm.
The President was berated by the far left media every day. They called him a traitor and fraudulent President. They claimed he worked with Russians to win the election which never made sense because he was later attacked with dirt supposedly coming from Russia.
President Trump thrived in all of this like no US President since Abraham Lincoln during the Civil War. Lincoln survived the war started by Democrats who wanted to keep their slaves only to be assassinated a couple weeks after the Civil War’s end. The Democrats still want Americans to be their slaves! They seek ultimate power. This is why America voted for Trump!
Now the Deep State wants to remove President Trump from office in another bogus attempt to manipulate the law to their liking. This is not how the law is supposed to be used in this country. Obama destroyed the proper use of the law.
Democrats, their media and their Deep State want to rake the President through more shame and lies and then impeach him based on lies and no crimes. They do this to prevent their crimes during the Obama years from being outed and them held accountable. They have to make something up to take down Trump. Their lies rank them with former totalitarian regimes and banana republics.
Impeachments are to be only used in rare circumstances. Again, there is no crime. The Democrats won’t vote on an impeachment exercise so the President can fight back against them in the courts. They don’t want Americans to see that this is a one-sided exercise. A vote would show this. They want to act quickly and vote on impeachment so they can use this against President Trump and punish him and those who voted for him!
WE WON’T LET THEM!
September 13, 2019
President Trump has said for years that the US was hurt by politicians that didn’t protect US jobs. He decided to do something about and the US is winning because of it!
The far-left Washington Post wrote in August that President Trump’s tariffs will cost the average family hundreds of dollars a year –
More than a year into the U.S.-China trade war, American consumers are about to find themselves squarely in the crosshairs for the first time, with households estimated to face up to $1,000 in additional costs each year from tariffs, according to research from JPMorgan Chase.
Consumers, whose spending fuels about 70 percent of the U.S. economy, have been largely shielded from previous rounds of tariffs, which have left businesses reeling and upended global supply chains. But that’s about to change with the 10 percent levies on roughly $300 billion in Chinese imports, about a third of which will take effect Sept. 1. Those tariffs will primarily target consumer goods.
But it was just more fake news from the far left Washington Post.
Sorry liberals, Trump’s tariffs are having little to no impact on the cost of goods to the consumer.
The Bureau of Labor Statistics reported this morning that the costs of imports actually went down in August.
Prices for U.S. imports fell 0.5 percent in August following a 0.1-percent increase in July and a 1.1-percent decline in June. With the exception of the August and June decreases, U.S. import prices advanced in each month of 2019. Despite the increases, the price index for U.S. imports declined 2.0 percent from August 2018 to August 2019. (See table 1.)
Fuel Imports: Import fuel prices decreased 4.3 percent in August, after rising 0.7 percent the previous month. Prices for import fuel fell 11.1 percent over the past 3 months. In August, lower petroleum prices more than offset higher prices for natural gas. The price index for import petroleum declined 4.8 percent, after increasing 0.9 percent the previous month. Fuel prices decreased 8.7 percent over the past 12 months; prices for import petroleum fell 9.6 percent over the same period. The price index for natural gas imports rose 16.0 percent in August, after declines in each of the previous 4 months. Despite the August increase, natural gas prices fell 6.1 percent over the past year.
All Imports Excluding Fuel: Prices for nonfuel imports were unchanged for the second consecutive month in August following 0.3-percent decreases in both June and May. In August, lower prices for foods, feeds, and beverages and nonfuel industrial supplies and materials were offset by price increases for automotive vehicles and consumer goods. Prices for nonfuel imports declined 1.0 percent over the past 12 months, led by price decreases for industrial supplies and materials and capital goods.
President Trump said years ago what he would do years ago about China to stop their theft of American jobs – tax China 25%.
Winning, Winning, Winning!
How’s that $15 an hour looking now?
McDonalds is set to replace more human employees with automated technology after the company announced that it intends to use a new AI program to take drive-thru orders.
The food chain has acquired Mountain View-based voice tech startup Apprente in order to “alleviate pressure on restaurant employees.”
More like alleviate them of their jobs.
The technology can handle “complex, multilingual, multi-accent and multi-item conversational ordering,” allowing for “faster, simpler and more accurate order taking,” according to reports.
“McDonald’s plans to roll out self-service kiosks across all US restaurant locations by 2020 – reducing the need to employ as many human cashiers,” reports Zero Hedge.
How’s that $15 dollars an hour paycheck working out for you now?
By John Carney
The U.S. economy created 130,000 jobs in August and the unemployment rate remained steady at 3.7 percent.
Economists had expected the economy to between 150,000 and 180,000 with the median consensus at 163,000, according to Econoday. Unemployment was expected to remain unchanged. Last month’s jobs figure was originally reported at 164,000, now revised down to 159,000, and unemployment was 3.7 percent.
Although the headline number was weaker than expected, wage growth was strong in August. Average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents to $28.11, or 0.4 percent, following 9-cent gains in both June and July. Over the past 12 months, average hourly earnings have increased by 3.2 percent. In August, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents to $23.59.
Unemployment among African Americans fell to 5.5 percent, the lowest level on record.
The labor force participation rate edged up to 63.2 percent in August, indicating that the strong labor market has continued to draw Americans into the workforce.
The largest job gains came from professional and business services, which added 37,000. Census hiring boosted the federal government’s hiring to 28,000 workers. Health care added 24,000 to the total while financial services increased by 15,000.
There were little to no gains in August for construction, manufacturing, transportation and warehousing, and leisure and hospitality. Holding the line on manufacturing jobs is a sign of strength given signs that manufacturing activity fell this summer.
The retail sector shed 11,ooo jobs, with department stores losing 15,000 jobs (partially offset by gains in other retail venues). Over the year, so-called “general merchandise” retails jobs have fallen by 80,000.
While the economy continued to grow in the second and third quarter, it has slowed from the rapid 3.1 percent rate of growth in the first three months of the year. Manufacturing appears to have contracted and business investment has been weak, with surveys indicating that uncertainty around trade policy and global economic weakness have become a drag on the U.S.
Consumer spending and the labor market have been strong. Data released Thursday showed worker compensation rising strongly and well-above inflation. Rising labor costs can promote capital investment by businesses seeking to make workers more productive.
With unemployment near 50-year lows, job growth has slowed and many businesses say they are having trouble hiring. Employment growth has averaged 158,000 per month thus far this year, compared with an average monthly gain of 223,000 in 2018.
Published on Aug 21, 2019