Economic Expansion Just Getting Started

[InTheLight]

Hiring by US businesses hits a record high

The total number of workers hired rose to a new high in April, according to Labor Department data released Monday. But despite this, the amount of available jobs still vastly outnumbers unemployed workers.

Hirings increased to 5.9 million for the month, a gain of 240,000 from March, the Job Openings and Labor Turnover Survey indicated. The hiring rate rose to 3.9%, an increase of one-tenth of a percentage point. The total hirings was the most recorded in the data series’ history going back to December 2000.

Hiring by US businesses hits a record high

 

[InTheLight]

Strong job growth is back: Payrolls jump in June well above expectations

* Nonfarm payrolls rose 224,000 in June, well above market expectations of 165,000, according to the Labor Department.
* The unemployment rate edged higher to 3.7% but was still near 50-year lows.
* Wage growth was 3.1% year over year, one-tenth of a point below market expectations.

Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs, the best gain since January and running contrary to worries that both the employment picture and overall growth picture were beginning to weaken. The unemployment rate edged up to 3.7% as labor force participation rose, according to the Labor Department.

Professional and business services led the job gains with 51,000, while health care added 35,000 and transportation and warehousing contributed another 24,000. Construction also added 21,000 and manufacturing, despite teetering on contraction recently, saw another 17,000 jobs added, above the 8,000 per month average in 2019 and getting closer to the 22,000 a month in 2018.

Strong job growth is back: Payrolls jump in June well above expectations

 

[HankD]

Strong job growth is back: Payrolls jump in June well above expectations

* Nonfarm payrolls rose 224,000 in June, well above market expectations of 165,000, according to the Labor Department.
* The unemployment rate edged higher to 3.7% but was still near 50-year lows.
* Wage growth was 3.1% year over year, one-tenth of a point below market expectations.

Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs, the best gain since January and running contrary to worries that both the employment picture and overall growth picture were beginning to weaken. The unemployment rate edged up to 3.7% as labor force participation rose, according to the Labor Department.

Professional and business services led the job gains with 51,000, while health care added 35,000 and transportation and warehousing contributed another 24,000. Construction also added 21,000 and manufacturing, despite teetering on contraction recently, saw another 17,000 jobs added, above the 8,000 per month average in 2019 and getting closer to the 22,000 a month in 2018.

Strong job growth is back: Payrolls jump in June well above expectations

It must be that these reporting agencies are not under the control of Progressive Globalist surveyors or the news would be that we are teetering on the brink of a Great Depression the likes of which has never yet been been (in spite of the truth being just the opposite).

But it doesn't matter any way because its Obama who should be getting the credit for the good news (but not the bad, that's Trumps) working behind the scene though hide nor hare has been seen of him for quite a while.

 

[InTheLight]

Home-builder confidence rises

The numbers: The National Association of Home Builders’ monthly confidence index increased one point to 68 in September, matching the highest reading in a year, the trade group said Tuesday.

The trade group also revised its August figure up by one point to 67.

Readings over 50 are a sign that confidence is improving, while a figure below that threshold would signal deteriorating sentiment among builders.

What happened: Home-builder confidence has steadily improved throughout 2019, particularly as the mortgage-rate environment has improved.

-------
Prior to Trump's administration the last time the home builder's confidence index was 68 was in October 2005.

The index was in the teen's for much of Obama's first term and didn't climb above 50 until June 2013. It's been in the 60's since Sept. 2016 and has topped 70 several times since then.

 

[InTheLight]

October job creation comes in at 128,000, easily topping estimates even with GM auto strike

• Nonfarm payrolls rose by 128,000 in October, exceeding the estimate of 75,000 from economists surveyed by Dow Jones.
• There were big revisions of past numbers as well. August’s initial 168,000 payrolls addition was revised up to 219,000, while September’s jumped from 136,000 to 180,000.
• The unemployment rate ticked slightly higher to 3.6% from 3.5%, still near the lowest in 50 years.
• The pace of average hourly earnings picked up a bit, rising 0.1% to a year-over-year 3% gain.

October job creation comes in at 128,000, easily topping estimates even with GM auto strike

 

[HankD]

October job creation comes in at 128,000, easily topping estimates even with GM auto strike

• Nonfarm payrolls rose by 128,000 in October, exceeding the estimate of 75,000 from economists surveyed by Dow Jones.
• There were big revisions of past numbers as well. August’s initial 168,000 payrolls addition was revised up to 219,000, while September’s jumped from 136,000 to 180,000.
• The unemployment rate ticked slightly higher to 3.6% from 3.5%, still near the lowest in 50 years.
• The pace of average hourly earnings picked up a bit, rising 0.1% to a year-over-year 3% gain.

October job creation comes in at 128,000, easily topping estimates even with GM auto strike

LEFT - Weeping, wailing, etc...

 

[Bro. Curtis]

.....gnashing of teeth.....

 

[HankD]

.....gnashing of teeth.....

yes thank you for that.

 

[InTheLight]

Small business ‘optimism' at record high, up 160% under Trump


A national economic optimism index of small business owners is at its highest level ever, up 162% since the final months of President Obama’s two terms.

The Wells Fargo/Gallup Small Business Index is at +142 compared to +54 at the end of the Obama administration.

“When owners are asked a broad question about their financial outlook ‘for your business’ over the next year, 77% say they are more optimistic than pessimistic,” added the survey begun in 2003.

Small business ‘optimism' at record high, up 160% under Trump


Sent from my Nexus 7 using Tapatalk

 

[InTheLight]

Retailers see biggest-ever Cyber Monday after record online Black Friday

Dec 2 (Reuters) - U.S. retailers kicked off Cyber Monday by launching a slew of deals earlier than usual over the weekend, seeking to sustain the momentum of a record $11.6 billion in online sales on Thanksgiving and Black Friday.

Shoppers already had nearly a month of sales promotions as retailers look to draw out a holiday season that on paper is six days shorter this year due to a late Thanksgiving.

But estimates from Adobe Analytics on Sunday predicted the opening weekend of U.S. retailers' crucial holiday season would set a new record of almost $30 billion in sales, with Cyber Monday - now traditionally the U.S. economy's biggest online shopping day - alone expected to reach $9.4 billion.

Cyber Monday sales were on course to bring in a record $9.4 billion, a 19% increase on the same day a year ago.

https://www.fidelity.com/news/article/top-news/201912020619RTRSNEWSCOMBINED_L4N2893UT_1

 

[atpollard]

This is strange news. I work in Commercial Land Development (Architecture-Engineering-Land Planning) and I see large corporate clients hedging their bets against an expected correction following a historic long Bull market. No one fears another Great Recession, but a downward correction is expected by people with 7 figure paychecks.

 

[InTheLight]

US Gains a Robust 266,000 Jobs; Unemployment drops to 3.5%

WASHINGTON (AP) — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs.

The unemployment rate dipped to 3.5% from 3.6% in October, matching a half-century low, the Labor Department reported Friday. And wages rose a solid 3.1% in November compared with a year earlier.

November’s healthy job gain runs against a widespread view that many employers are either delaying hiring until a breakthrough in the U.S.-China trade war is reached or are struggling to find workers with unemployment so low.

[note: Private employment monitoring firm ADP predicted job gains of only 67,000 in November.]

“Today’s jobs report, more than any other report in recent months, squashed any lingering concerns about an imminent recession in the U.S. economy,” said Gad Levanon, an economist at the Conference Board, a business research group. “Consumers are entering the holiday season with both the ability and the willingness to spend.”

Outsize hiring for the holiday shopping season did not appear to be a major driver of last month’s job growth. Retailers added just 2,000 jobs on a seasonally adjusted basis.

Employers have been adding jobs at a solid enough pace to absorb new job seekers and to potentially lower the unemployment rate,

US gains a robust 266,000 jobs; unemployment falls to 3.5%

 

[InTheLight]

US Gains a Robust 266,000 Jobs; Unemployment drops to 3.5%

WASHINGTON (AP) — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs.

[note: Private employment monitoring firm ADP predicted job gains of only 67,000 in November.]

That's quite a difference in ADP's estimated jobs created and actual jobs created, almost 300%. I took a look at ADP's change in employment estimates for 2019 and compared them to actual Labor Department numbers. After seeing the numbers, how can ADP be taken seriously?

 

[RighteousnessTemperance&]

Excuse this butting in, but a contrast might help illustrate the situation. This is one of Ingraham's more serious pieces. She starts out by comparing the lagging economies of Trump's foreign counterpart mockers with that of the US under President Trump, but the Dems naturally end up the biggest butt of all.

Laura Ingraham: Trump 'gets it' on the US economy -- and American workers should be thankful

Ingraham: The last laugh—Trump 'gets it' (6-minute YouTube video clip only)

 

[InTheLight]

S&P 500, Nasdaq open at record highs on China data, initial trade deal

DECEMBER 16, 2019 / 7:14 AM

 

[InTheLight]

Buckle up, headed towards more market highs...

 

[InTheLight]

February jobs report: U.S. adds a whopping 273,000 jobs, unemployment rate unexpectedly falls to 3.5%

The February jobs report reflected much better than expected job gains and an unemployment rate back at a 50-year low, before the coronavirus outbreak escalated and threatened to weigh on economic activity.

* Nonfarm payrolls rose by 273,000 in February vs. a 175,000 estimate, while the unemployment rate edged lower to 3.5%.
* Job gains were widespread, with health care adding 57,000 to lead the way.
* Average hourly earnings, year on year: 3.0% vs. +3.0% expected and 3.1% in January

In addition:
* January’s job gains were upwardly revised to 273,000, from the 225,000 previously reported.
* December’s non-farm payroll additions were upwardly revised by 37,000 to 184,000.

Job growth smashes expectations for February as unemployment falls back to 3.5%
February jobs report: U.S. adds a whopping 273K jobs, unemployment rate unexpectedly falls to 3.5%