January MONSTER Jobs Report!

cawacko said:
One can dislike Trump, not want him to be President and still say these are good numbers. (I’m not even talking about giving credit, just saying the numbers are good.). And Althea can’t even do that
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It's sad.

Do libs think the people who are the beneficiaries of this economy aren't going to notice?
 
countryboy said:
It's sad.

Do libs think the people who are the beneficiaries of this economy aren't going to notice?
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Has the party in power ever lost the WH in a strong or booming economy?

I doubt it. Meanwhile, democrats are talking Medicare for all, New Green Deals and infanticide.
 
GM's involuntary layoffs start Monday, at least 4,000 workers expected to lose jobs

General Motors is planning to layoff at least 4,000 salaried workers in North America starting Monday ahead of the company's fourth-quarter earnings report, according to two people briefed on the matter.

The reductions come as the largest U.S. automaker undergoes a massive restructuring announced by CEO Mary Barra in November. GM (GM) is halting production at five plants in North America and cutting 14,000 jobs as it realigns its workforce and plants to produce more electric vehicles.

Company executives want to complete as many of the layoffs as possible before the company reports its earnings Wednesday, the people said, asking not to be named because the information isn't public yet.

"We are not confirming timing. Our employees are our priorities and we will communicate with them first," GM spokesman Pat Morrissey told CNBC Friday.

The involuntary cuts aren't as steep as previously thought.

https://www.yahoo.com/news/gm-apos-involuntary-layoffs-start-193900121.html
16darcy-lordstownjpg-def7c7a9e026be64.jpg
 
signalmankenneth said:
General Motors is planning to layoff at least 4,000 salaried workers in North America starting Monday ahead of the company's fourth-quarter earnings report, according to two people briefed on the matter.

The reductions come as the largest U.S. automaker undergoes a massive restructuring announced by CEO Mary Barra in November. GM (GM) is halting production at five plants in North America and cutting 14,000 jobs as it realigns its workforce and plants to produce more electric vehicles.

Company executives want to complete as many of the layoffs as possible before the company reports its earnings Wednesday, the people said, asking not to be named because the information isn't public yet.

"We are not confirming timing. Our employees are our priorities and we will communicate with them first," GM spokesman Pat Morrissey told CNBC Friday.

The involuntary cuts aren't as steep as previously thought.

https://www.yahoo.com/news/gm-apos-involuntary-layoffs-start-193900121.html

16darcy-lordstownjpg-def7c7a9e026be64.jpg
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Ok. And? Companies continuously hire and fire employees. Even when numbers are good ther are people who still lose their jobs. Is this new to you?
 
Was it reported by mainstream media?

Since the left is all about criticism, I’m sure they will say it’s a trickledown from Obama presidency.
 
Darth Beto Omar said:
Has the party in power ever lost the WH in a strong or booming economy?

I doubt it. Meanwhile, democrats are talking Medicare for all, New Green Deals and infanticide.
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we've never had the entire "journalists" completely hateful and full of fake news before either.
"Trump didn't build that" is already a FB meme
 
anatta said:
The longest job-creation streak in modern U.S. history continues despite the recent government shutdown.

Businesses created 304,000 jobs in January, the Labor Department said on Friday. That number blew away expectations of many economists, who had predicted that about 165,000 jobs would be added in the first month of the year. The transportation, leisure and hospitality, construction, and health care industries led the job gains.

The unemployment rate rose slightly, to 4 percent from 3.9 percent, nudged up by the 35-day partial government shutdown that ended last month. It's the second straight month the unemployment rate has increased, but economists say it's for the right reason: More people are coming off the sidelines and looking for work.

Jim Baird, partner and chief investment officer for Plante Moran Financial Advisors, said in a note.

Furloughed federal workers were counted as employed in the report, the government said.

Average workers' wages kept growing, with hourly earnings for non-managers rising 3.4 percent from the year before. That represents the fastest pace for wage growth in nearly a decade. Average earnings for all workers grew slightly slower than in December, at 3.2 percent.

wages.png


Economists say the latest job numbers point to the economy's underlying strength. "January's strong performance quells any lingering feelings that a hiring plateau might have occurred from tariffs, the government shutdown or recent market volatility," Steve Rick, chief economist at CUNA Mutual Group, said in a note.

Do strong jobs numbers mean inflation is coming? The jury's still out. January's report "might make one worried about inflation, but, on the other hand, the continued increase in participation should lead the Fed to realize that we're not yet at a point where we'll cause the economy to overheat," said Julia Pollak, chief economist at the hiring site ZipRecruiter.

After hiking interest rates four times last year, the Federal Reserve signaled this week that it would pause following several months of stock market volatility and signs of slowing global growth.
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All minimum wage
 
countryboy said:
Furloughed is not unemployed, sorry. They will collect every penny of back pay. You people just cannot bring yourselves to acknowledge the positive economy numbers, lol.
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Govt. contractors get no back pay, and were not working.
 
signalmankenneth said:
General Motors is planning to layoff at least 4,000 salaried workers in North America starting Monday ahead of the company's fourth-quarter earnings report, according to two people briefed on the matter.

The reductions come as the largest U.S. automaker undergoes a massive restructuring announced by CEO Mary Barra in November. GM (GM) is halting production at five plants in North America and cutting 14,000 jobs as it realigns its workforce and plants to produce more electric vehicles.

Company executives want to complete as many of the layoffs as possible before the company reports its earnings Wednesday, the people said, asking not to be named because the information isn't public yet.

"We are not confirming timing. Our employees are our priorities and we will communicate with them first," GM spokesman Pat Morrissey told CNBC Friday.

The involuntary cuts aren't as steep as previously thought.

https://www.yahoo.com/news/gm-apos-involuntary-layoffs-start-193900121.html

16darcy-lordstownjpg-def7c7a9e026be64.jpg
Click to expand...
Ford too.
 
Sailor said:
^You can always tell the ones who cannot find a job even in a hot economy.
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You mean the kids with college degrees, and no opportunity in their chosen field?

Hospitality jobs are up. That bodes well for illegal immigrants.
 
anatta said:
The longest job-creation streak in modern U.S. history continues despite the recent government shutdown.

Businesses created 304,000 jobs in January, the Labor Department said on Friday. That number blew away expectations of many economists, who had predicted that about 165,000 jobs would be added in the first month of the year. The transportation, leisure and hospitality, construction, and health care industries led the job gains.

The unemployment rate rose slightly, to 4 percent from 3.9 percent, nudged up by the 35-day partial government shutdown that ended last month. It's the second straight month the unemployment rate has increased, but economists say it's for the right reason: More people are coming off the sidelines and looking for work.

Jim Baird, partner and chief investment officer for Plante Moran Financial Advisors, said in a note.

Furloughed federal workers were counted as employed in the report, the government said.

Average workers' wages kept growing, with hourly earnings for non-managers rising 3.4 percent from the year before. That represents the fastest pace for wage growth in nearly a decade. Average earnings for all workers grew slightly slower than in December, at 3.2 percent.

wages.png


Economists say the latest job numbers point to the economy's underlying strength. "January's strong performance quells any lingering feelings that a hiring plateau might have occurred from tariffs, the government shutdown or recent market volatility," Steve Rick, chief economist at CUNA Mutual Group, said in a note.

Do strong jobs numbers mean inflation is coming? The jury's still out. January's report "might make one worried about inflation, but, on the other hand, the continued increase in participation should lead the Fed to realize that we're not yet at a point where we'll cause the economy to overheat," said Julia Pollak, chief economist at the hiring site ZipRecruiter.

After hiking interest rates four times last year, the Federal Reserve signaled this week that it would pause following several months of stock market volatility and signs of slowing global growth.
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that chart is awesome......how on earth can lib'ruls still complain about the Trump presidency?......
 
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