And, amidst the chaos of Ferguson and New York, amidst the hideous racism that is increasingly emanating from every pore of this country, we keep adding jobs and unemployment keeps dropping. Tomorrow is Jobs Numbers Day and I will post my jobs reports and graphs as usual. Some numbers to ponder: * The ADP private payroller report came out yesterday which estimated an additional 208,000 private sector jobs in November. This means, according to ADPs estimates, that the US has added over 200,000 private sector jobs 7 out of the last 8 months. * The Bureau of Labor Statistics believes that we have added at least 200,000 jobs (both public and private) for 9 straight months now. * October had the lowest average weekly number of initial unemployment claims since SPRING of 2000! * September had the lowest number of layoffs and discharges since the BLS has been keeping track of those numbers, sometime in 2000. * Census numbers show that we have finally turned the corner on inflation-adjusted median household income and it is slowly starting to increase. * Inflation-adjusted weekly and hourly wages for production and non-supervisory employees (which excludes most of the high income people) continue to creep up. These wages have been higher during the Obama years than during any six year period since the mid 1970s. The pundits expect 230,000 more jobs when the BLS counts are released tomorrow, with the unemployment rate stable at 5.8%. More jobs and the same unemployment rate would mean that more people are entering the labor force in November. We can only imagine where wed be in this country now without the race-baiting hatred that has been fostered by the Republican party. And Im tired of people calling Obama incompetent and then claiming they arent racist in the next sentence.
Posted on: Fri, 05 Dec 2014 07:36:30 +0000
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