Economy Created 250,000 Jobs in October, Wages Rise More Than 3% for First Time Since Recession.

Discussion of the economy

Moderator: Super Moderators

Post Reply
User avatar
Doka
Pirate
Posts: 5260
Joined: 09-02-2009 08:15 PM

Economy Created 250,000 Jobs in October, Wages Rise More Than 3% for First Time Since Recession.

Post by Doka » 11-02-2018 12:47 PM

Democrats: "No, No, No! We do not want Jobs and rising wages! We need more taxes, we need carbon taxes, for our own personal use! We want War!"

Democrat Followers: "Where is our, $5.50 a day!? BY G#d, that's Ours!!!"

:borg: :borg:




The American job creation machine is sizzling hot.

The U.S. economy added 250,000 jobs in October and the unemployment rate held steady at 3.7 percent, according to Labor Department figures released Friday.

Economists had predicted the economy would add 190,000 jobs and the unemployment rate would to hold steady at 3.7 percent, the lowest level of joblessness in 49-years.


Friday’s data shows that hiring bounced back after an unusually weak September when employers added just 118,000 jobs–the smallest monthly increase in a year. Over the past 12 months, employers added an average of 211,000 jobs each month.

Wage growth, long considered the ‘missing ingredient’ to the economic expansion, has finally returned. Average hourly earnings climbed by five cents an hour for the month, or 83 cents year-over-year. That represents a 3.1 percent gain, the first time wages have grown more than 3 percent year-over-year.

Job creation was widespread across all sectors of the economy. Manufacturing added 32,000 jobs in the month, with strong gains in durable goods and in particular transportation equipment. That directly defies predictions that the Trump administration’s steel and aluminum tariffs would weigh on manufacturing, especially metals-using industries.

https://www.breitbart.com/economy/2018/ ... n-october/
Karma Rules

User avatar
Riddick
Pirate
Posts: 12145
Joined: 11-01-2002 03:00 AM
Location: SE WI
Contact:

Yours, Mine & Ours

Post by Riddick » 11-02-2018 02:47 PM

Doka wrote:
11-02-2018 12:47 PM
"Where is our, $5.50 a day!? BY G#d, that's Ours!!!"
And don't forget free stuff. Healthcare & college, that's only for starters. Paying for stuff is uncivilized and unintelligent. History is holding us back. It's time to evolve.

A way better life for all can be had if we just get over this 'money' business. Not to mention personal property and individualism! Collective effort is the only way to go -

"The Common Good." Nothing else matters. Und dat is all da people need to know!

Post Reply

Return to “Economy”