Da Dove looked askance at Trump accomplishments

[stevenash]

An exceptional jobs report

Today's jobs report was extraordinary, ending a strong year. A few things stood out: 1) nonfarm payrolls surged above expectations with a 312k increase and revisions to the prior two months of 58k. The print likely reflects, in part, some reversal from last month's relatively weak print. Still, payroll gains averaged 254k over the last three months and 220k for the year, up from 182k in 2017. 2) The strength of the labor market is attracting workers to reenter the labor force as the labor force participation rate edged up to 63.1% from 62.9% and the unemployment rate rose to 3.9% (3.856% from 3.696%). 3) Wages strengthened further, advancing by 0.4% mom (0.402% unrounded) pushing the yoy rate up to 3.2% (3.153% from 3.127%). Bottom line: the jobs report underpins the household sector and we think the Fed should take it as a positive following a run of weaker survey data.

Payrolls surge

The gain in nonfarm payrolls was broad-based as both goods-producing (74k from 27k) and service providing industries (227k from 146k) accelerated on the month. On an industry level, there was a strong acceleration in employment growth in construction (38k from 0k), leisure and hospitality (55k from 18k) and education and health (82k from 21k). Some of the acceleration is likely a reversal from weakness in prior months and is therefore unlikely to continue at this pace. Nonetheless, the gains were impressive.

Wage growth continues to head higher

Average hourly earnings grew by 0.4% mom pushing the year-over-year rate to 3.2%, a cycle high. In 4Q, wage growth averaged 3.2%, up from 2.8% in 3Q. Growth in December was broad based with wages in the goods-producing sector growing by 2.8% and wages in the service-providing industries rising by 3.2%. Wage gains were particularly strong, relative to the previous 12 months, in information (5.7% yoy), retail trade (5.0% yoy), and construction (3.9% yoy). The upward trajectory in wages is encouraging and should help to attract more workers to reenter the labor force, as seen in this report. While one month does not make a trend, it may be that businesses have finally begun to raise wages to attract and retain employees.

[baddog]

38 minutes ago, stevenash said:

An exceptional jobs report

Today's jobs report was extraordinary, ending a strong year. A few things stood out: 1) nonfarm payrolls surged above expectations with a 312k increase and revisions to the prior two months of 58k. The print likely reflects, in part, some reversal from last month's relatively weak print. Still, payroll gains averaged 254k over the last three months and 220k for the year, up from 182k in 2017. 2) The strength of the labor market is attracting workers to reenter the labor force as the labor force participation rate edged up to 63.1% from 62.9% and the unemployment rate rose to 3.9% (3.856% from 3.696%). 3) Wages strengthened further, advancing by 0.4% mom (0.402% unrounded) pushing the yoy rate up to 3.2% (3.153% from 3.127%). Bottom line: the jobs report underpins the household sector and we think the Fed should take it as a positive following a run of weaker survey data.

Payrolls surge

The gain in nonfarm payrolls was broad-based as both goods-producing (74k from 27k) and service providing industries (227k from 146k) accelerated on the month. On an industry level, there was a strong acceleration in employment growth in construction (38k from 0k), leisure and hospitality (55k from 18k) and education and health (82k from 21k). Some of the acceleration is likely a reversal from weakness in prior months and is therefore unlikely to continue at this pace. Nonetheless, the gains were impressive.

Wage growth continues to head higher

Average hourly earnings grew by 0.4% mom pushing the year-over-year rate to 3.2%, a cycle high. In 4Q, wage growth averaged 3.2%, up from 2.8% in 3Q. Growth in December was broad based with wages in the goods-producing sector growing by 2.8% and wages in the service-providing industries rising by 3.2%. Wage gains were particularly strong, relative to the previous 12 months, in information (5.7% yoy), retail trade (5.0% yoy), and construction (3.9% yoy). The upward trajectory in wages is encouraging and should help to attract more workers to reenter the labor force, as seen in this report. While one month does not make a trend, it may be that businesses have finally begun to raise wages to attract and retain employees.

Yes, all of these accomplishments yet we still have plastic straws.

[stevenash]

I guess our priorities are misplaced.

[LumRaiderFan]

It's a shame that this is bad news to many because of who accomplished it.

[CATMAN]

44 minutes ago, LumRaiderFan said:

It's a shame that this is bad news to many because of who accomplished it.

It is True the rats hate that man

[PhatMack19]

Here is another one of Obama’s accomplishments being exposed as a fraud

 

Quote:

Ex-Nobel secretary, Geir Lundestad, admits that awarding the committee's esteemed Peace Prize to Barack Obama in 2009 was a mistake.

A 

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 at the time announced that Obama had earned the award based on "his extraordinary efforts to strengthen international diplomacy and cooperation between peoples," though he had only been in the White House 

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 when he was nominated. 

The committee awarded the prize to Obama based entirely on his media popularity, not based on anything he actually did.

Lundestad, aside from admitting that the stunt had proven a failure, revealed the reason behind it wasn't exactly in keeping with the credibility of the panel or the award, once a symbol of excellence.

The former secretary told the 

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 that "the committee hoped the award would strengthen Mr. Obama."

Understanding nearly a decade later that strengthening an American president wasn't exactly in the committee's job description, Lundestad voiced some regret.

"No Nobel Peace Prize ever elicited more attention than the 2009 prize to Barack Obama," Lundestad writes in his memoir.

"Even many of Obama's supporters believed that the prize was a mistake," he adds. "In that sense, the committee didn't achieve what it had hoped for."

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