Economic Upswing Continues: Economy Added 201K Jobs, Wages Up by $17 Per Month, in August

[mikegriffith1]

The BLS Employment Situation report for August shows that the Trump economic upswing is still going strong. The economy added 201,000 jobs in August, and there was a host of other good economic news in the report. Some highlights from the report:

* In August, average hourly earnings for all employees on private non-farm payrolls rose by 10 cents to $27.16. Note that an extra 10 cents per hour multiplied by 22 eight-hour work days equals an extra $17 per month--and keep in mind that this is just the increase for August.

* Over the year, the number of long-term unemployed has declined by 403,000. So over the last year, the number of long-term jobless people has dropped by 403,000. This is a huge improvement over the Obama years--the U-6 unemployment rate remained historically high under Obama. Even when the economy did fairly well under Obama in 2016, the number of long-term unemployed barely changed at all (see, for example, the BLS reports for January through December 2016).

* Mining employment increased by 6,000 in August, after showing little change in July. Since a recent trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for mining.

* Employment in construction continued to trend up in August (+23,000) and has increased by 297,000 over the year.

 

[sparky]

More cheerleading using bullsh*t stats?

Maybe some of you see through this and realize low end employment , which is largely engineered to exist off gub'mit subsidization is condusive to economic trickle down policies where the Elites win,at middle class taxpayer expense.

Google U6 for starters

then you can talk to guys like me who've been in construction since the Carter administration about economic booms & busts, and what sorts we attract betwixt all these cycles.

of course the usual three toed troglytes will stampeed on it insisting free trade capitalism weeds out the crybaby snowflakes, cuz they're ALL self made men that can pull it down w/o Gub'Mit help.

Yep, that's really workin' out great fellas...

~S~

 

[Harpy Eagle]

The BLS Employment Situation report for August shows that the Trump economic upswing is still going strong. The economy added 201,000 jobs in August, and there was a host of other good economic news in the report. Some highlights from the report:

* In August, average hourly earnings for all employees on private non-farm payrolls rose by 10 cents to $27.16. Note that an extra 10 cents per hour multiplied by 22 eight-hour work days equals an extra $17 per month--and keep in mind that this is just the increase for August.

* Over the year, the number of long-term unemployed has declined by 403,000. So over the last year, the number of long-term jobless people has dropped by 403,000. This is a huge improvement over the Obama years--the U-6 unemployment rate remained historically high under Obama. Even when the economy did fairly well under Obama in 2016, the number of long-term unemployed barely changed at all (see, for example, the BLS reports for January through December 2016).

* Mining employment increased by 6,000 in August, after showing little change in July. Since a recent trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for mining.

* Employment in construction continued to trend up in August (+23,000) and has increased by 297,000 over the year.

Yep, all is going the way it has been for the last 8 years.

 

[Harpy Eagle]

More cheerleading using bullsh*t stats?

Maybe some of you see through this and realize low end employment , which is largely engineered to exist off gub'mit subsidization is condusive to economic trickle down policies where the Elites win,at middle class taxpayer expense.

Google U6 for starters

then you can talk to guys like me who've been in construction since the Carter administration about economic booms & busts, and what sorts we attract betwixt all these cycles.

of course the usual three toed troglytes will stampeed on it insisting free trade capitalism weeds out the crybaby snowflakes, cuz they're ALL self made men that can pull it down w/o Gub'Mit help.

Yep, that's really workin' out great fellas...

~S~

Yep, the U6 has been dropping for the last 8 years as well..

 

[Harpy Eagle]

The BLS Employment Situation report for August shows that the Trump economic upswing is still going strong. The economy added 201,000 jobs in August, and there was a host of other good economic news in the report. Some highlights from the report:

* In August, average hourly earnings for all employees on private non-farm payrolls rose by 10 cents to $27.16. Note that an extra 10 cents per hour multiplied by 22 eight-hour work days equals an extra $17 per month--and keep in mind that this is just the increase for August.

* Over the year, the number of long-term unemployed has declined by 403,000. So over the last year, the number of long-term jobless people has dropped by 403,000. This is a huge improvement over the Obama years--the U-6 unemployment rate remained historically high under Obama. Even when the economy did fairly well under Obama in 2016, the number of long-term unemployed barely changed at all (see, for example, the BLS reports for January through December 2016).

* Mining employment increased by 6,000 in August, after showing little change in July. Since a recent trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for mining.

* Employment in construction continued to trend up in August (+23,000) and has increased by 297,000 over the year.

All these great things happening under the current trade deals. Seems we are not getting fucked over like we keep being told

 

[easyt65]

All this WINNING....damn that Trump!

 

[Mr Natural]

Seventeen dollars a month!

Wow! That’s like 60 cents a day.

Don’t spend it all in one place.

 

[easyt65]

The BLS Employment Situation report for August shows that the Trump economic upswing is still going strong. The economy added 201,000 jobs in August, and there was a host of other good economic news in the report. Some highlights from the report:

* In August, average hourly earnings for all employees on private non-farm payrolls rose by 10 cents to $27.16. Note that an extra 10 cents per hour multiplied by 22 eight-hour work days equals an extra $17 per month--and keep in mind that this is just the increase for August.

* Over the year, the number of long-term unemployed has declined by 403,000. So over the last year, the number of long-term jobless people has dropped by 403,000. This is a huge improvement over the Obama years--the U-6 unemployment rate remained historically high under Obama. Even when the economy did fairly well under Obama in 2016, the number of long-term unemployed barely changed at all (see, for example, the BLS reports for January through December 2016).

* Mining employment increased by 6,000 in August, after showing little change in July. Since a recent trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for mining.

* Employment in construction continued to trend up in August (+23,000) and has increased by 297,000 over the year.

All these great things happening under the current trade deals. Seems we are not getting fucked over like we keep being told

You mean the new trade deals...

 

[Harpy Eagle]

The BLS Employment Situation report for August shows that the Trump economic upswing is still going strong. The economy added 201,000 jobs in August, and there was a host of other good economic news in the report. Some highlights from the report:

* In August, average hourly earnings for all employees on private non-farm payrolls rose by 10 cents to $27.16. Note that an extra 10 cents per hour multiplied by 22 eight-hour work days equals an extra $17 per month--and keep in mind that this is just the increase for August.

* Over the year, the number of long-term unemployed has declined by 403,000. So over the last year, the number of long-term jobless people has dropped by 403,000. This is a huge improvement over the Obama years--the U-6 unemployment rate remained historically high under Obama. Even when the economy did fairly well under Obama in 2016, the number of long-term unemployed barely changed at all (see, for example, the BLS reports for January through December 2016).

* Mining employment increased by 6,000 in August, after showing little change in July. Since a recent trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for mining.

* Employment in construction continued to trend up in August (+23,000) and has increased by 297,000 over the year.

All these great things happening under the current trade deals. Seems we are not getting fucked over like we keep being told

You mean the new trade deals...

There are no new trade deals in place and have not been during the last 8 years all this was happening.

Do try and keep up.

 

[Harpy Eagle]

All this WINNING....damn that Trump!

Good on Trump for not screwing up what he was handed, though he is trying his best and might yet succeed.

 

[Brain357]

Wage increases for the last year now equal inflation...

 

[kiwiman127]

Wages went up 2.9% and inflation went up 2.9%. So in other words, it's a wash.

 

[Oldstyle]

All this WINNING....damn that Trump!

Good on Trump for not screwing up what he was handed, though he is trying his best and might yet succeed.

Hell, Gator...if Barry hadn't lost the mid terms back in 2010 and had the GOP keep him from passing the rest of his agenda your little collection of graphs would probably look more like they did back in 2009 and 2010. Remember what Barry, Harry and Nancy had cued up next for passage back then? Cap & Trade legislation that would have raised energy costs across the board for US businesses? Great strategy in the middle of a recession! Crediting Obama for economic success during his two terms is rather amusing. The biggest boom during that time was caused by fracking...something that Barry actively opposed but couldn't do anything about. Name an Obama initiative that made the economy grow in his last six years? Name an Obama economic initiative at all in his last six years? Fact is...Barry kind of mailed it in on the whole economy thing after Larry Summers left. I think he found it too much work creating jobs.

 

[edthecynic]

The BLS Employment Situation report for August shows that the Trump economic upswing is still going strong. The economy added 201,000 jobs in August, and there was a host of other good economic news in the report. Some highlights from the report:

* In August, average hourly earnings for all employees on private non-farm payrolls rose by 10 cents to $27.16. Note that an extra 10 cents per hour multiplied by 22 eight-hour work days equals an extra $17 per month--and keep in mind that this is just the increase for August.

* Over the year, the number of long-term unemployed has declined by 403,000. So over the last year, the number of long-term jobless people has dropped by 403,000. This is a huge improvement over the Obama years--the U-6 unemployment rate remained historically high under Obama. Even when the economy did fairly well under Obama in 2016, the number of long-term unemployed barely changed at all (see, for example, the BLS reports for January through December 2016).

* Mining employment increased by 6,000 in August, after showing little change in July. Since a recent trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for mining.

* Employment in construction continued to trend up in August (+23,000) and has increased by 297,000 over the year.

Fake News, the "REAL" unemployment rate is much higher.

“Don’t believe those phony numbers when you hear 4.9 and 5% unemployment. The number’s probably 28, 29, as high as 35. In fact, I even heard recently 42%.”

- Donald Jackass Trump

 

[edthecynic]

Wages went up 2.9% and inflation went up 2.9%. So in other words, it's a wash.

Wages went up 2.9% BEFORE taxes, so after tax income has not kept pace with inflation! So it is NOT a wash!

 

[Brain357]

The BLS Employment Situation report for August shows that the Trump economic upswing is still going strong. The economy added 201,000 jobs in August, and there was a host of other good economic news in the report. Some highlights from the report:

* In August, average hourly earnings for all employees on private non-farm payrolls rose by 10 cents to $27.16. Note that an extra 10 cents per hour multiplied by 22 eight-hour work days equals an extra $17 per month--and keep in mind that this is just the increase for August.

* Over the year, the number of long-term unemployed has declined by 403,000. So over the last year, the number of long-term jobless people has dropped by 403,000. This is a huge improvement over the Obama years--the U-6 unemployment rate remained historically high under Obama. Even when the economy did fairly well under Obama in 2016, the number of long-term unemployed barely changed at all (see, for example, the BLS reports for January through December 2016).

* Mining employment increased by 6,000 in August, after showing little change in July. Since a recent trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for mining.

* Employment in construction continued to trend up in August (+23,000) and has increased by 297,000 over the year.

Fake News, the "REAL" unemployment rate is much higher.

“Don’t believe those phony numbers when you hear 4.9 and 5% unemployment. The number’s probably 28, 29, as high as 35. In fact, I even heard recently 42%.”

- Donald Jackass Trump

Labor force participation is just as bad as it was when Trump said that.

 

[SassyIrishLass]

Why Trump's Record Trumps the Media's Spin

Why Trump's Record Trumps the Media's Spin

 

[Harpy Eagle]

All this WINNING....damn that Trump!

Good on Trump for not screwing up what he was handed, though he is trying his best and might yet succeed.

Hell, Gator...if Barry hadn't lost the mid terms back in 2010 and had the GOP keep him from passing the rest of his agenda your little collection of graphs would probably look more like they did back in 2009 and 2010. Remember what Barry, Harry and Nancy had cued up next for passage back then? Cap & Trade legislation that would have raised energy costs across the board for US businesses? Great strategy in the middle of a recession! Crediting Obama for economic success during his two terms is rather amusing. The biggest boom during that time was caused by fracking...something that Barry actively opposed but couldn't do anything about. Name an Obama initiative that made the economy grow in his last six years? Name an Obama economic initiative at all in his last six years? Fact is...Barry kind of mailed it in on the whole economy thing after Larry Summers left. I think he found it too much work creating jobs.

I do not credit Obama for the economy any more than I credit Trump for it. Obama leaving the economy alone was a good thing, that is what every president should do.

Funny that you say Obama found creating jobs too much work when his last 4 years in office jobs were being created at a rate far exceeding what has happened under Trump. Must be too much work for him as well I guess

 

[sparky]

Yeah, it's the media's fault folks can't walk & chew gum too Lass...

~S~

 

[Harpy Eagle]

The BLS Employment Situation report for August shows that the Trump economic upswing is still going strong. The economy added 201,000 jobs in August, and there was a host of other good economic news in the report. Some highlights from the report:

* In August, average hourly earnings for all employees on private non-farm payrolls rose by 10 cents to $27.16. Note that an extra 10 cents per hour multiplied by 22 eight-hour work days equals an extra $17 per month--and keep in mind that this is just the increase for August.

* Over the year, the number of long-term unemployed has declined by 403,000. So over the last year, the number of long-term jobless people has dropped by 403,000. This is a huge improvement over the Obama years--the U-6 unemployment rate remained historically high under Obama. Even when the economy did fairly well under Obama in 2016, the number of long-term unemployed barely changed at all (see, for example, the BLS reports for January through December 2016).

* Mining employment increased by 6,000 in August, after showing little change in July. Since a recent trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for mining.

* Employment in construction continued to trend up in August (+23,000) and has increased by 297,000 over the year.

Fake News, the "REAL" unemployment rate is much higher.

“Don’t believe those phony numbers when you hear 4.9 and 5% unemployment. The number’s probably 28, 29, as high as 35. In fact, I even heard recently 42%.”

- Donald Jackass Trump

Labor force participation is just as bad as it was when Trump said that.

The labor force participation rate has leveled off since 2013 and is about where it should be.