#1 U.S. Unemployment Rate Falls to Lowest Level Since 1969 by Cincinnatus 06.10.2018 01:08



WASHINGTON—Unemployment in September hit the lowest level since the Vietnam War, with little indication it is going to shoot back up in the near term.

The jobless rate fell to 3.7%, the lowest since December 1969, the Labor Department said Friday. Employers added 134,000 jobs to payrolls, a record 96th straight month of gains. Wages rose 2.8% from a year earlier, a solid if still unspectacular rise.


Story is from Wall St Journal and that is all I could get without a subscription. Nonetheless, pretty darn good.

#2 RE: U.S. Unemployment Rate Falls to Lowest Level Since 1969 by algernonpj 06.10.2018 16:59


Even from CNN some praise [with the requisite snarks ]

President Donald Trump's winning streak
Analysis by Stephen Collinson, CNN
Updated 12:27 PM ET, Sat October 6, 2018

(CNN)Donald Trump may have never had a better time being President.

Only a re-election party on the night of November 3, 2020, could possibly offer the same vindication for America's most unconventional commander in chief as the 36 hours in which two foundational strands of his political career are combining in a sudden burst of history.

Trump will become an undeniably consequential President with the Senate due to vote Saturday to confirm Brett Kavanaugh to the Supreme Court, consecrating the conservative majority that has long been the impossible dream of the GOP.

On Friday, Trump had celebrated the best jobs data for 49 years as the unemployment rate dipped to 3.7%, offering more proof of a vibrant economy that the President says has been unshackled by his tax-reduction program and scything cuts to business regulations.

While his 2016 election campaign was most notable for swirling chaos and shattered norms, Trump's vows to nominate conservative judges to the Supreme Court and to fire up the economy were the glue for his winning coalition.

The struggle to confirm Kavanaugh split the country, deepened mistrust festering between rival lawmakers and threatens to further drag the Supreme Court into Washington's poisoned political stew. But Trump stuck with it and ground out a win.

So he has every right to return to voters in the next four weeks ahead of the midterm elections to argue he has done exactly what he said he would do. He now has a strong message to convince grass-roots Republicans that it's well worth showing up at the polls.

Testing the new message
He will get his first chance to road-test his new, improved message at a campaign rally in Topeka, Kansas, on Saturday night.

It's ironic that it was Trump, a late convert to conservatism -- not authentic Republicans like President Ronald Reagan, both Bush presidents and beaten GOP nominees Mitt Romney and John McCain -- who finally delivered the Supreme Court majority.

If he is confirmed as expected, Kavanaugh will be Trump's second nominee to reach the court in less than two years, following Neil Gorsuch.

Of course, the Supreme Court win is the culmination of decades of work by conservative activists and was masterminded by the cunning of Senate Majority leader Mitch McConnell. But Presidents get credit when they are in the Oval Office when things go well and Trump, whether it is his fault or not, has taken more than his share of criticism.

On Saturday morning, Trump celebrated the imminent vote, praising pro-Kavanaugh women activists while again jabbing protestors opposed to the judge, many of whom said they had their own stories of assaults. His attitude reflected what critics say is a habit of siding with the accused rather than the alleged victims of assaults.

"Women for Kavanaugh, and many others who support this very good man, are gathering all over Capitol Hill in preparation for a 3-5 P.M. VOTE. It is a beautiful thing to see - and they are not paid professional protesters who are handed expensive signs. Big day for America!" Trump wrote.

The President's remarks came as people gathered outside the US Supreme Court building to protest the pending vote.

A President of consequence
There is more evidence than the soon-to-be reshaped Supreme Court and the roaring economy to make a case that Trump is building a substantial presidency that in many ways looks like a historic pivot point, despite its extremely controversial nature.

Largely unnoticed in the Washington imbroglio over sexual assault allegations against Kavanaugh, the Trump administration is engineering significant changes at home and abroad that often represent sharp revisions of direction from traditional American positions.

This week, for instance, the White House initiated a potentially momentous shift in the US approach to China, recognizing the Asian giant as a global competitor and a threat to American security, prosperity and interests -- reversing decades of policy designed to manage Beijing's ascent as a major power and eventual partner.

The administration is also tightening a vise around Iran in a strategy that threatens to escalate into open confrontation with the Islamic Republic. Elsewhere in the Middle East, a bolstered anti-ISIS strategy has blasted the radical group from its strongholds in shattered Syria. And Trump has rejected decades of US orthodoxy in managing the Israeli-Palestinian conflict, which could have uncertain results.

Trump's bullying approach to trade negotiations has recently yielded remodeled agreements with Canada, Mexico and South Korea. While he exaggerates how much he changed existing deals, he can still boast that his "Art of the Deal" negotiating strategy -- another core component of his appeal to his supporters -- is working.

An announcement of a deeper slashing of refugee admissions by the United States further cements the "America First" philosophy that has changed global strategic assumptions.

At home, Trump's assault on regulations at agencies like the Environmental Protection Agency is accelerating, in a blitz against what Steve Bannon once called the administrative state that fulfills another long-dreamed-of goal of the conservative movement.

The case against the President

But it's also no longer possible to credibly argue -- despite the distracting blizzard of controversy, busted decorum and staff chaos constantly lashing Washington -- that there is not something significant taking place that is changing the political and economic character of the nation itself.


#3 RE: U.S. Unemployment Rate Falls to Lowest Level Since 1969 by algernonpj 06.10.2018 17:02


And from WSJ

Low-Income Workers See Long-Awaited Wage Gains
Blue-collar workers in service and retail jobs, many left behind by recent economic growth, are beginning to see pay rises

By Sharon Nunn
Oct. 5, 2018 4:31 p.m. ET

The benefits of a strong job market are spreading in the form of higher wages for many of those left behind for much of the past decade’s economic expansion, including young Americans, low-income households and people with the least education.

The unemployment rate in September fell to 3.7%, its lowest level since 1969. That is creating worker shortages and wage gains, not just for high-skilled workers who tend to command the best pay but also for low-skilled and blue-collar workers whose wages lag behind.



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