The United States economy added 223,000 jobs in May, one of many recent indicators showing that President Donald J. Trump’s economic policies are paying dividends for American workers and businesses.
BLOOMBERG: U.S. Payrolls Rise 223,000 as Jobless Rate Matches Historic Low
“U.S. hiring rose more than forecast in May, wages picked up and the unemployment rate matched the lowest in almost five decades, indicating the strong labor market will keep powering economic growth. Payrolls increased 223,000 following a revised 159,000 gain, Labor Department figures showed Friday. The median estimate of analysts surveyed by Bloomberg called for 190,000 jobs. Average hourly earnings increased 2.7 percent from a year earlier, more than projected, while the jobless rate fell to 3.8 percent from 3.9 percent to match April 2000 as the lowest since 1969.”
REUTERS: U.S. Weekly Jobless Claims Fall More Than Expected
“Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 221,000 for the week ended May 26, the Labor Department said on Thursday. Claims data for the prior week was unrevised. Economists polled by Reuters had forecast claims falling to 228,000 in the latest week.”
THE WALL STREET JOURNAL: A Record Month for Raises
“The number of small companies raising wages hit a record high in the U.S. this month. That’s according to the latest National Federation of Independent Business employment survey, due out later today. A full 35% of owners of small firms report increasing labor compensation, the highest percentage since NFIB started asking about it in 1986.”
GALLUP: Optimism about Availability of Good Jobs Hits New Heights
“Sixty-seven percent of Americans believe that now is a good time to find a quality job in the U.S., the highest percentage in 17 years of Gallup polling. Optimism about the availability of good jobs has grown by 25 percentage points since Donald Trump was elected president.”
WASHINGTON EXAMINER: Job Openings Hit All-Time High of 6.6 million
“Employers advertised 6.6 million job openings in March, the Department of Labor reported Tuesday, the highest such number since they began keeping track in 2000. The private sector drove the new record. Private employers advertised 5.9 million vacancies in the month, about 200,000 more than the previous high, with the construction sector particularly strong.”
MARKETWATCH: Consumer Confidence is Close to 18-year High
“The level of confidence Americans expressed in the economy remained near an 18-year high in May, suggesting steady U.S. growth in the months ahead. The consumer confidence index rose to 128 from a revised 125.6 in April, the Conference Board said Tuesday.”
THE ASSOCIATED PRESS: U.S. Consumer Spending Up 0.6 percent, Best in 5 months
“Americans boosted their spending by 0.6 percent in April, the biggest increase in five months, while a gauge of inflation remained at the Federal Reserve’s optimal level for a second straight month. The Commerce Department said Thursday that last month’s increase in consumer spending was the largest increase since a 0.7 percent rise last November.”
REUTERS: U.S. Households, Businesses See Good Times Ahead: Fed
“Households are feeling more stable, small businesses are making money and many expect to expand and hire in the coming year, signs of continued optimism in two key parts of the economy, the Federal Reserve reported Tuesday in a pair of annual surveys. Among more than 8,000 small businesses and more than 12,000 households covered in separate surveys late last year by the Fed and its 12 regional banks, the message was similar: economic conditions have been getting better and the expectation is for the good times to continue.”
BLOOMBERG: U.S. Leapfrogs Singapore, Hong Kong to Win World’s Most Competitive Economy
“The U.S. dethroned Hong Kong to retake first place among the world’s most competitive economies, thanks to faster economic growth and a supportive atmosphere for scientific and technological innovation, according to annual rankings by the Switzerland-based IMD World Competitiveness Center.”
REUTERS: U.S. Companies Seen Investing More in Business This Year after Tax Cuts
“U.S. companies could plow more of the money saved from sweeping tax cuts into business investment later this year, perhaps even surpassing a jump in first-quarter capital expenditure that was the highest in almost seven years, strategists and analysts said…. With data in from 94 percent of S&P 500 companies, first-quarter capital expenditures total $159 billion, up more than 21 percent from a year ago and on track to be the highest year-over-year growth since the third quarter of 2011, according to S&P Dow Jones Indices data.”
FOX BUSINESS: U.S. Manufacturers Hiring More, Paying More, Thanks to Tax Reform: Survey
“U.S. manufacturers are hiring more workers, boosting wages and increasing domestic investments following the passage of the Tax Cuts and Jobs Act. Seventy-two percent of manufacturers are ramping up workers’ wages and benefits, according to a new survey from the National Association of Manufacturers (NAM). Meanwhile, 77% of survey respondents said they were hiring more workers, while 86% are investing more in plants and equipment.”
FINANCIAL TIMES: U.S. Industrial Production Clocks Third Straight Month of Gains
“U.S. industrial production grew for a third straight month in April, boosted by strong output gains in utilities and the oil and gas sectors. Industrial production — which measures output at factories, mines and utilities — rose 0.7 per cent in last month, according to data from the Federal Reserve. That’s better than the 0.6 per cent rise analysts had expected and comes as the increase for March was revised upwards from 0.5 per cent to 0.7 per cent.”
MARKETWATCH: Manufacturing Activity at Strongest Level since September 2014, Flash PMI Data Show
“The flash IHS Markit U.S. manufacturing purchasing managers index inched up to 56.6 this months from 56.5 in April and touched the highest level since September 2014. Readings over 50 indicate expansion.”
It’s just this simple.
President Trump words: Make America Great Again!
Promise delivered: MAGA! Happening before your eyes in Real Time!
MAGA!
YES ; WE AMERICAN’S ARE TRUE and SUPPORTIVE of ((“OUR NEW and WORKING PRESIDENT of OUR UNITED STATES of AMERICA. DONALD J. TRUMP. EVERY DAY HE ACOMP LISH’s ANOTHER GREAT JOB of RESTORING OUR BROKEN COUNTRY. WE AMERICAN’s WILL STAND = UP and DEFEND HIM. HE IS A LEADER and A DOIER. AMEN and FULL SPEED AHEAD.
Unemployment is at its lowest in 35 or 40 years and it just gets a “Oh by the way” on all of the Liberal news stations, but when two or three hundred thousand jobs were created, during the Christmas Holiday by the way, the so called news stations just fell all over themselves and kissing obama’s butt. They didn’t bother to tell the American People that most if not all of thoes jobs went away after the first of the year.
The Stock Market is UP, US manufacturers are bringing back jobs for Americans, businesses are expanding their operations and hiring more Americans and some are even giving out bonuses and yet it is just mentioned as a side line before the big story about that little turd Hogg spewing his Nazi slogans.
The only thing that the Democrats have contributed is Obstructionism, they hate everything that the President proposes but they have no ideas of their own, only that what the Presidents wants is wrong. God knows that Donald Trump is not perfect but he is the best thing that has happened to this country in a long time. God Bless America, God Bless and Protect our President and our Men and Women in uniform.
Tony Winters
You should check statistics and I think you will find that Obama created more jobs in every category than trump has. https://data.bls.gov/timeseries/LNS14000000, and the unemployment decreased no faster under Trump than under Obama. Now where are all these businesses who are coming back here to pay high wages they can get much cheaper else where.
It’s just too bad that those that hate him, those who protest against him, those that want him impeached, those that pour filth on him and his family and all left wing socialists are benefiting from this strengthening economy as well as us who support him. If only there was a way to prevent this and let them live in their own hateful words and actions……………………
This is just a play on words with no statistics to say Trump is responsible for any of it, or asny of it is better than Obama did.
From Trump’s own Dept. of Labor, bls https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth
now where is anything different under Trump in job creation.
https://data.bls.gov/timeseries/LNS14000000
now where is unemployment decline any greater under Trump
unemployment was at 4.7 when Trump took office now it stands at 3.8 , not even a whole % when Obama brought it from 10% down to 3.8%.
Media has already shot themselves in the foot so many times I have 0 confidence or respect for them period! The reason they said any of this is because it’s obvious and trying to save face. Not buying it! You just keep paying attention and you’ll have to keep humbly responding to the improvements. God bless America and all those serving to turn this country back to the people!
The media like our education system and government have all been infiltrated by communists. It has been going on now for nearly 50 years. That is how they have gotten such a foot hold. No one payed attention because we were all to busy tending to our own interests and the communists were very surreptitious in their actions. We became apathetic regarding our government and that also blinded us to the education system and media. It wasn’t until Obama was elected that they thought it was safe to come out in the open and it started with Obama’s promise of a fundamental transformation. However, they came out as “progressives.” Obama followed up with another promise of a federal police force just as well trained, funded and equipped as the US military. No one asked what the fundamental transformation was into or even why a federal police force was going to be needed. After all it had not been needed in nearly 240 years so why now? But all the so called democrats cheered wildly anyway. Insinuating “who really cares why these things are being promised.” After all it is Obama who is promising them and that makes it perfectly fine. Shortly after he was sworn in one of the weekly new magazines came out with a cover stating “we are socialist now.” And we may have been because kindergarten and 1st grade teachers composed songs praising Obama and had the children singing them. But no one complained.
I’m going to VOTE for him again! Democrats are all crooks in my book.
guess the media could no longer hide the truth and had to acknowledge albeit reluctantly that the president is keeping his promises to the American people as fast as he can
All Reports are just Great !!!
But, you know what, my place of employment
hasn’t given 1 damn dime to employees, even
tho business has increased exponentially.
Unbelieveable.
President Trump: THANK YOU!!! for many jobs brilliantly done.
What President Trump is doing the hate filled oppressive socialists said could not be done. Obama suggested in order for President Trump to bring jobs back he would have to wave a magic wand. However, since obama with all his regulations held the economy down for eight years I guess a surge upward could be expected when those restrictions were removed. Demonstrating the different between a business man and a politician. Right now it is the reductions in restrictions are what is effecting the economy most. The tax cuts have not totally been realized yet. So there will be another up surge very soon. Late this year or early next year. Depending on what happens next November. There is even talks of further tax cuts. Wouldn’t that be great?
There is also considerable uncertainly in the news right now put there by these oppressive socialists pretending to be democrats and that also has a negative effect on the economy. All the oppressive socialists can do is preach negativity and impeachment of the very person who has done things, the right things, to get this economy to flourish more then it has in 25 years. Maybe even since Coolidge’s roaring twenties. However, in spite of all that negativity the economy has taken off like a shot out of a cannon. It will continue for some time to come. “IF” republicans are elected in the mid-term next November. Therefore, don’t forget to vote November 6, 2018. If you want things to continue to improve vote republican and they will. If you do not like the tax cuts and improving economy vote for the Pelosi oppressive socialists posing as democrats. She has promised to get those tax cuts reversed and end the flourishing economy.
There is proof all around us that in the final analysis it is obvious to everyone who can actually think for themselves a conservative vote equals prosperity while a oppressive socialist vote (democrat) equals stagnation. Which do you want?
Arizona Don, you have hit the nail on the head SO WELL that I can only AGREE and need not make any further comment!
Most of the strong economy was inherited from Obama. The increased wages, bonuses and business investments from the tax law, though real, are small compared to share buybacks the companies gave themselves. The above observations are misleading.
It should never be forgotten that the so-called “mainstream mass- media” is in fact a liberal media that suffers by chameleonism from the birth !
whet is the retired military going to get a real pay raise as with all these prices going out of control for all seniors, we wont be able to afford to put food on the table let alone pay for Meds.