#1 Unemployment Fell as Job Creation Slowed a Bit in July, Huge Upward Revisions for June and May by algernonpj 04.08.2018 13:01

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Unemployment Fell as Job Creation Slowed a Bit in July, Huge Upward Revisions for June and May
3 Aug 2018

The U.S. economy added another 157,000 jobs in July and the unemployment rate fell to 3.9 percent, according to a Labor Department report Friday.

Economists had expected a nonfarm payrolls gain of 190,000 and the jobless rate to tick down to 3.9 percent.

Nonfarm payroll growth for June was revised up to 248,000 from 213,000. May’s jobs were revised to 268,000 from 244,000. So what seems to have happened is that many of the jobs that were expected in July were actually created in prior months.

Manufacturing added 37,000 jobs, with most of the gain in the durable goods component. Over the past 12 months, manufacturing has added 327,000 jobs. Construction added 19,000 jobs and has increased by 308,000 over the year.

One reason job creation may have slower: the closing of Toys R Us. The category for toy and hobby stores fell by 32,000 workers.

Wage gains were muted. Average hourly earnings showed an annual gain of 2.7 percent and a 0.3 percent gain from the prior month. June’s wage gains, however, were revised down to 0.1 percent from 0.2 percent, showing that wage gains remain very low even though the unemployment rate is very low.

The total number of employed people in the United States now stands at 157,004,000 and the labor participation rate rose to 63.5 percent. On a seasonally adjusted basis, however, the participation rate was unchanged.

The ratio of prime working age population to employment, 25-54, also improved, rising to 79.5 percent, the highest in over 10 years.

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Another solid job report. Interesting stat: the prime-age (25-54 years) employment-population ratio continued to rise to 79.5%. That’s the highest it’s been since before the Great Recession.

— Julia Pollak (@juliaonjobs) August 3, 2018




https://www.breitbart.com/economics/2018...onfarmpayrolls/

#2 RE: Unemployment Fell as Job Creation Slowed a Bit in July, Huge Upward Revisions for June and May by ThirstyMan 04.08.2018 15:28

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"Nonfarm payroll growth for June was revised up to 248,000 from 213,000. May’s jobs were revised to 268,000 from 244,000. So what seems to have happened is that many of the jobs that were expected in July were actually created in prior months.

Manufacturing added 37,000 jobs, with most of the gain in the durable goods component. Over the past 12 months, manufacturing has added 327,000 jobs.
Construction added 19,000 jobs and has increased by 308,000 over the year."





A VERY TELLING difference between Trump and Obama.

And the difference is in the ability [and/or inability] to negotiate, that's the "magic wand" that Obama doesn't see!

It's plain and simple, with all due respect Mr. Barack!

"How exactly are you going to do that?...What magic wand do you have?"

You'll see!

#3 RE: Unemployment Fell as Job Creation Slowed a Bit in July, Huge Upward Revisions for June and May by Cincinnatus 04.08.2018 17:59

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Barack Obama, June, 2016:

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“When somebody says like the person you just mentioned who I’m not going to advertise for, that he’s going to bring all these[manufacturing] jobs back. Well how exectly are you going to do that? What are you going to do? There’s uh-uh no answer to it. He just says. “I’m going to negotiate a better deal.” Well how? How exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer.



As of August 4, 2018:

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Manufacturing added 37,000 jobs, with most of the gain in the durable goods component. Over the past 12 months, manufacturing has added 327,000 jobs.

#4 RE: Unemployment Fell as Job Creation Slowed a Bit in July, Huge Upward Revisions for June and May by algernonpj 05.08.2018 12:32

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Quote: ThirstyMan wrote in post #2
"Nonfarm payroll growth for June was revised up to 248,000 from 213,000. May’s jobs were revised to 268,000 from 244,000. So what seems to have happened is that many of the jobs that were expected in July were actually created in prior months.

Manufacturing added 37,000 jobs, with most of the gain in the durable goods component. Over the past 12 months, manufacturing has added 327,000 jobs.
Construction added 19,000 jobs and has increased by 308,000 over the year."





A VERY TELLING difference between Trump and Obama.

And the difference is in the ability [and/or inability] to negotiate, that's the "magic wand" that Obama doesn't see!


It's plain and simple, with all due respect Mr. Barack!

"How exactly are you going to do that?...What magic wand do you have?"

You'll see!

Obama is just parroting what the -R , -D, progressive, post-modernist, taking heads, Rinos, Neocons, MSM, etc. have accepted as fact without question.

One of the reasons Trump is so hated is that his actions and their results have shown that the PTB and all their 'experts' were WRONG.

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