Making America Great Again… One job at a time.
January was one red hot job creation machine. The American economy added 304,000 jobs in the month of January. The unemployment rate ticked up to 4.0 percent, the government announced Friday.
Economists had expected 158,000 nonfarm payroll growth and the unemployment rate to hold steady at 3.9 percent.
December was revised down from the originally reported 312,000 to 222,000. That’s a very large revision. November’s report, which was originally reported at a very weak 155,000 and revised up to 176,000, was again revised to 196,000.
The manufacturing sector added 13,000 jobs in January, making its 12-month total 261,000. That was slightly lower than the 15,000 that economists had forecast but still evidence of healthy growth.
Jobs growth was widespread across the economy with significant jobs gains in leisure & hospitality (74,000), education & health services (55,000), construction (52,000), transportation & warehousing (27,000), and mining & logging (7,000). The only major sector to shed jobs was information services such as media and entertainment… Gee, I wonder why.
Even though the unemployment rate was elevated in January due to the government shutdown, it remained at a historically impressive 4 percent – the 11th consecutive month at or below 4 percent.
Read full story via Breitbart
President Trump’s Policies Keep Economic Boom Going As Job Gains of 304,000 Surpass Expectations
The White House Gov reported:
The Bureau of Labor Statistics (BLS) released its first monthly Employment Situation Report of 2019, showing that the United States economy is continuing its historic streak of positive job gains in the new year.
Total nonfarm payroll employment rose by 304,000 jobs in January, far surpassing market expectations (165,000) and above the prior 12-month average gain (223,000). January 2019 marks the 100th straight month of positive job growth and the 16th consecutive month of employment growth of at least 100,000 new jobs. Job gains in December were revised down by 90,000 and November jobs were revised up by 20,000 for a cumulative loss to total employment of 70,000 jobs in the previous months. Nevertheless, despite these downward revisions, the 223,000 average monthly jobs created in 2018 remains well above the pace of monthly job creation in 2016 (193,000) and 2017 (179,000).
Numerous sectors experienced job growth in January, including mining and logging (7,000), transportation and warehousing (27,000), construction (52,000), education and health services (55,000), and leisure and hospitality (74,000). The economy has added 4.9 million jobs since January 2017 and 5.3 million jobs since President Donald J. Trump was elected in November 2016.
The report also indicates that wages are continuing to rise. Nominal average hourly earnings rose by 3.2 percent over the past 12 months, marking the 6th straight month that year-over-year wage gains were at or above 3 percent. Prior to 2018, nominal average hourly wage gains had not reached 3 percent since April 2009. Taking inflation into account, real wages are also growing. Based on the most recent Personal Consumption Expenditures (PCE) price index data from November, inflation in the past year was 1.8 percent, and based on the most recent Consumer Price Index (CPI-U) price data from December, the inflation in the past year was 1.9 percent (the most recently available data).
A separate household survey released by BLS shows that the unemployment rate ticked up by 0.1 percentage point (p.p.) to 4.0 percent in January—but still represents the 11th consecutive month at or below 4 percent. Additionally, the labor force participation rate for prime-age adults (ages 25-54) increased by 0.3 percentage points to 82.6 percent. The last time it was this high was April 2010. Though the unemployment rate edged up, this is largely explained by the 2018-19 partial government shutdown and would otherwise have likely remained unchanged.
Isn’t it ironic? The good news for America is always bad news for the Democrats.
Look at all President Trump has accomplished. This is the difference between a lifelong businessman and a “community organizer” who did nothing in his 8 years in office. The left hates President Trump because actually cares about the American people.
We have a President that is actually accomplishing things and getting America back on track.
Even his daughter is praising the economy. Thank God for her dad!
The economy is hot.
304,000 jobs added in January, crushing expectations.
Wages & Salaries ⬆️ +3% over the past 12 month — a first in more than a decade!
The American worker is winning!#JobsReport https://t.co/HqVAOcP7fV
— Ivanka Trump (@IvankaTrump) February 1, 2019