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Post by Deleted on Jan 19, 2018 0:55:33 GMT
While Businesses Soar on Trump-Backed Tax Cuts, Jobless Claims Just Hit 45-Year Low JUSTEN CHARTERS | JAN 18, 2018 | 3:21 PM President Donald Trump and the GOP's tax legislation received a warm response from big businesses in the U.S. Comcast, Wells Fargo, and AT&T are just a few of the companies that decided to reward their employees for making it easier to do business. The most significant announcement perhaps came from Apple, though. Apple plans to invest $350 billion into the economy and create 20,000 jobs, in part because of the tax cut. The economic outlook for the U.S. continues to look better each day, too. On Wednesday, the Dow Jones closed at 26,000 for the first time in the history of the stock market. But there's more. Filings for unemployment are at a 45-year low. According to the Washington Examiner: New applications for unemployment insurance benefits plunged by 41,000 to 220,000 in the second week of 2018, the Labor Department reported Thursday, the lowest level in nearly 45 years. The report easily beat forecasters expectations for new jobless claims to drift down to around 250,000. Low jobless claims are a good sign because they suggest that layoffs are relatively scarce. Federal Reserve officials and investors watch the numbers because they come out weekly, providing an early warning sign of any trouble. One thing is for sure: More Americans are keeping their jobs. And that's good news for all people, no matter what side of the political aisle they may sit on. link |
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Post by andie on Jan 19, 2018 1:03:18 GMT
That news is not entirely accurate unfortunately.The Washington examiner failed to note the below. www.cnbc.com/2018/01/18/us-weekly-jobless-jan-13-2018.html"The number of Americans filing for unemployment benefits fell more than expected last week to the lowest level in 45 years, but the decline likely overstated the health of the labor market as data for several states were estimated.""The Labor Department said claims for California, Arkansas, Kentucky, Maine, Hawaii, Virginia, and Wyoming were estimated. Government offices were closed on Monday for the Martin Luther King holiday.It also said claims-taking procedures continued to be disrupted in the Virgin Islands months after they were battered by Hurricanes Irma and Maria, while claims processing in Puerto Rico was still not back to normal."Read whole article at link.
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Post by Deleted on Jan 19, 2018 1:05:12 GMT
FORTUNATELY it is as well as this:
The most significant announcement perhaps came from Apple, though. Apple plans to invest $350 billion into the economy and create 20,000 jobs, in part because of the tax cut. The economic outlook for the U.S. continues to look better each day, too.
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Post by andie on Jan 19, 2018 1:11:45 GMT
Just as important if not more there is this.
www.washingtonpost.com/news/wonk/wp/2018/01/05/in-trumps-first-year-stocks-soar-for-rich-but-wages-stay-flat/?utm_term=.2b7debb95444
In Trump’s first year, stocks soar for rich, but wages stay flat
"President Trump cheered as the Dow topped 25,000 for the first time ever Thursday, claiming that the record for the stock market index is evidence that “make America great again” is happening. There's no doubt the U.S. economy and Wall Street have momentum heading into Trump's second year as president, but worker pay remains frustratingly flat.
American wages rose a sluggish 2.5 percent last year, according to a Labor Department report released Friday morning. That's the same rate of wage growth as under President Barack Obama. Historically, wages have grown more than 3.5 percent in a typical economic upturn, but that hasn't happened in this expansion.".
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Post by Deleted on Jan 19, 2018 1:16:44 GMT
 God I love left wingers... There's no doubt the U.S. economy and Wall Street have momentum heading into Trump's second year as president, but worker pay remains frustratingly flat. American wages rose a sluggish 2.5 percent last year, according to a Labor Department report released Friday morning. That's the same rate of wage growth as under President Barack Obama.
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Post by andie on Jan 19, 2018 2:36:00 GMT
 God I love left wingers... There's no doubt the U.S. economy and Wall Street have momentum heading into Trump's second year as president, but worker pay remains frustratingly flat. American wages rose a sluggish 2.5 percent last year, according to a Labor Department report released Friday morning. That's the same rate of wage growth as under President Barack Obama. Just as much as I love the tunnel vision of some conservatives. In Trump’s first year, stocks soar for rich, but wages stay flat. The number of Americans filing for unemployment benefits fell more than expected last week to the lowest level in 45 years, but the decline likely overstated the health of the labor market as data for several states were estimated, an important fact ignored but many conservative sources. |
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Post by Deleted on Jan 19, 2018 2:45:07 GMT
Yet 177 Companies and counting are giving bonuses and raises, and hiring. And while stocks rise employees with 401K's and IRA's benefit. Now I really do understand how hard it is for liberals and other Left Wing Trump haters to give him even the slightest credit for anything so just keep drinking the Nancy Pelosi koolaide.. maybe she'll make a cake and give you the crumbs. |
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Joey
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Post by Joey on Jan 19, 2018 4:01:50 GMT
Please don't call each other names. Can you go back and change that statement...pretty please.
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Post by Deleted on Jan 19, 2018 4:03:51 GMT
What names? I don't think Andie would disagree that she is a left Wing Trump hater.. And I proudly admit to being a Conservative Obama hater  |
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Post by andie on Jan 19, 2018 5:22:37 GMT
I agree Joey. Let us not put posters names into posts. Political debate tends to get heated...adding names makes it much worse.
As I remember there a call for a new start with the new year in the forum.
Let us all try to honor that.
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Joey
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Post by Joey on Jan 19, 2018 6:20:58 GMT
I know everyones position on the issues. I just want to keep it on the issues and not each other. It's really that simple. That's really not my rules it's the forum rules.
I think all unemployed figures have always been off because they never take into account the people that quit looking. I guess you could call me unemployed and not looking. But if I found something that really caught my interest I might work, who knows I might not too. A lot would depend on what I had going on at the time.
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Post by andie on Jan 19, 2018 6:57:45 GMT
I know everyones position on the issues. I just want to keep it on the issues and not each other. It's really that simple. That's really not my rules it's the forum rules. I think all unemployed figures have always been off because they never take into account the people that quit looking. I guess you could call me unemployed and not looking. But if I found something that really caught my interest I might work, who knows I might not too. A lot would depend on what I had going on at the time. You are retired. But yes...you are absolutely correct in that the figures are off because they do not now how to take into account the people who have given up. There are also people who decide to go to college and find a way. That is at least 4 years out of the work force. Then there are people who have become unable to do what they used to do. Maybe they are working on a full recovery which might take years. In any case they need to do a better job in getting the right numbers. |
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Joey
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Post by Joey on Jan 19, 2018 8:58:56 GMT
I'm retired but have been asked to go back to work 6 or 7 times. I would work for a different company but keep doing the same job as when I left, even at the same desk. Several of the guys I worked with took them up on the offer. I didn't. If I wanted to keep doing what I did before I would have just stayed. But I can make quite a bit of money before it would ever effect my retirement. Some companies it doesn't effect your retirement at all. The guys that did go back told me how great it was and how much better they were treated. That honeymoon didn't last long and they were right back where they were wanting to leave again.
So what do they call those people? Working for the time being. Then once they leave or the company doesn't need them are they unemployed or just retired again? Obviously they are willing to work. So I see unemployment figures a bit deceiving.
Then you also have the people that work for cash only. They are employed but may or may not pay taxes. So they would either look unemployed or unemployed but not looking and drop off unemployed.
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Post by Deleted on Jan 19, 2018 15:16:16 GMT
Of course the numbers are off because you don't like the results.. |
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Post by andie on Jan 19, 2018 17:01:01 GMT
Of course the numbers are off because you don't like the results.. Wrong. Perhaps you did not read the reasons the number are off. The facts were clearly stated as to why the numbers are not accurate. www.cnbc.com/2018/01/18/us-weekly-jobless-jan-13-2018.html"The number of Americans filing for unemployment benefits fell more than expected last week to the lowest level in 45 years, but the decline likely overstated the health of the labor market as data for several states were estimated." "The Labor Department said claims for California, Arkansas, Kentucky, Maine, Hawaii, Virginia, and Wyoming were estimated. Government offices were closed on Monday for the Martin Luther King holiday. " That is SEVEN states where the number of claims were only estimated, including the large state of California. |
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God I love left wingers... 
