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Valued Social Butterfly
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Re: Jobs report crushes expectations as hurricane impact fades

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Message 11 of 13

1.   Too bad wages are not improving, which is a result of Corporations sending money to stockholders not employees.

2.   I attended a meeting last night on Climate Reality, blah blah blah.     One business man spoke of his experience in his company committing $150M dollars to build a new environmentally sound headquarters (locally).     He commented the problem that many of the skills needed to by companies and their employees that build buildings need to be educated / trained on how new / improved technologies that make new building for the future.     That should  / could be a focus that needs to be expanded rather than relying on old skill sets...aka coal mining.  

 

From the article (without standard 'explanations')

   

  • The US economy added 228,000 nonfarm payrolls in November, more than economists were expecting.
  • The unemployment rate held at a 17-year low of 4.1%.
  • But wage growth was slow and weaker than expected, suggesting that many Americans are still on the sidelines of the full-time job market.
  • Retail hiring was strong ahead of the busy holiday season. The manufacturing unemployment rate fell to a record low.

     Past that, people don't need pablum / spin

PRO-LIFE is Affordable Healthcare for ALL .
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Re: Jobs report crushes expectations as hurricane impact fades

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Message 12 of 13

@jimc91 wrote:

 

 

Manufacturing jobs showing signs of improvement is very good news!

 

Especially for those who haven't gotten any training for skilled jobs....

 

The jobs report is indeed good news....just as most were during Obama's administration and Conservatives only whined doing nothing to improve the situation.

 

But before you wet yourself in excitement, the Bureau of Labor is still projecting a net loss of 7,000 more manufacturing jobs by 2026. (film at 11).

 

https://www.bls.gov/emp/ep_table_201.htm

 

Job growth is good; news of the growth certainly can demonstrate how hypocritical many are.  It's too bad we are deporting many good workers; we'll feel it in our wallets.


"FAKE 45 #illegitimate" read a sign at the Woman's March in Washington DC, January 21, 2017.
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Jobs report crushes expectations as hurricane impact fades

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Message 13 of 13

The US economy added 228,000 nonfarm payrolls in November, more than economists had forecast, a report on Friday from the Bureau of Labor Statistics showed.

 

The unemployment rate remained near a 17-year low of 4.1%.

 

Overall, the report demonstrated that job creation remained strong in the US even after deadly hurricanes slammed into the Southeast this fall and temporarily weakened hiring. Economists had forecast that nonfarm payrolls increased by 195,000 on net with the unemployment rate unchanged at 4.1%, according to Bloomberg.

 

Wage growth was weaker than expected. Average hourly earnings rose 0.2% from October and increased by 2.5% compared with November 2016. Some structural forces, including changes in the labor-force makeup between high-income and low-income earners and lower labor-market turnover, are likely keeping wage growth slow.

 

But weak wage growth is also an indication that many Americans either are still not looking for jobs or are wanting to work full time but can find only part-time jobs. The labor-force participation rate held at 62.7% from October.

 

The manufacturing sector added 31,000 jobs, while its unemployment rate fell to a record-low2.6%. This shows an extension of its recovery this year after a slump in 2016 that was partly caused by the stronger dollar, which made US products more expensive for other countries.

 

Retail also had a strong month ahead of the busy holiday-shopping season, adding 18,700 jobs even as thousands of brick-and-mortar stores are being closed.

 

Restaurants and bars, which bore the brunt of the hurricane impact, added 18,900 jobs last month.

 

http://www.businessinsider.com/us-jobs-report-november-2017-12

 

+++++++++++++++++++++++++++++++++++

 

Manufacturing jobs showing signs of improvement is very good news!

 

 

VIMTSTL
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