More Good News from the Latest Jobs Report

The media certainly hates any good news while Trump is President. They went full force in trying to make the latest jobs report sound like bad news. There were two numbers they harped the most. The first is the number of new jobs. It fell below expectations for the first time this year, so they jumped on that. Economists predicted around 190,000 new jobs for July, but the report only had 157,000. We’ll break that number down in a minute, but apparently a 157,000 new jobs in a hot economy is a bad thing.

The bigger number the media criticized is wage growth. It held steady at 2.7 percent. They claim that this is a low, stagnant number that is behind inflation. They said that the slow job gains and bad wage improvements were because of the trade war with China. It’s killing exports and manufacturing, and things are going to get worse really fast. The economy is failing! The sky is falling!

The Real Numbers

These are all bold-faced lies. The jobs gains were at 157,000, but considering that unemployment fell to 3.9 percent, that low jobs number is mostly a product of people running out of workers to hire. More importantly, the jobs gains included 19,000 construction and 37,000 manufacturing jobs. These are industries that are supposed to be the most sensitive to trade wars, and they’re carrying job growth.

Manufacturing jobs are also the ones the left told us would never return and only shrank during Obama’s time. As soon as he left, poof! The jobs are magically returning, pushing wage growth and preventing what otherwise would be a stagnant hiring quarter.

It’s also important to note that the biggest thing that killed job growth was losses in retail. Retail notoriously struggles in the middle of summer, and it usually bounces back in the fall. If we see that trend hold, then jobs are only going to continue to impress.

Most importantly, these numbers are continuing to grow in the face of a saturated labor market. It was a few months ago that we set a record by having more jobs available than people looking for work. We’ve added hundreds of thousands of jobs since. These are very good trends.

Comparing to the Past

The best way to really understand this report is to look at recent history and build context. Let’s start with wage growth. For a full 10 years before the recession, wage growth was huge. But, even at its worst, it never fell to negative, and it never fell behind the pace of inflation. If Obama had literally signed no bills and gave no executive orders, wage growth would have stayed positive and ahead of inflation. On the whole, average wage growth was barely above two percent. Even in his best years, he couldn’t eclipse 2.5 percent.

The number for July was 2.7. And, that is a number that held steady. In fact, all of 2018 as enjoyed 2.7-percent wage growth or better. This means that Trump has accelerated earnings since Obama left, and as things continue, that number will incrementally improve over time.

Most importantly, long-term unemployment is finally falling. Obama’s unemployment numbers looked better than they were because people just gave up on looking for work. That trend has also reduced. More people are getting back into the job hunt every month, and they’re largely finding work. The current, super-low unemployment is a far more accurate measure today than it was in the eight or so years prior.

In all, the economy is extremely strong. The so-called trade war has had no negative impacts. In the meantime, Europe, Mexico and a number of other countries are practically begging Trump to renegotiate their trade deals. As great as our economy is now, it’s only getting started. That’s the good news the media won’t dare report, and it’s living proof that America is great again and getting better every day.

~ Freedom News Report

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73 Responses

  1. I wonder what the jobs and wage growth were in Kenya during the obama years!

    1. We’ll never know exactly how or why this Kenyan born illegal became POTUS. There had to have been many high level politicians, top level security gatekeepers and big money movers and shakers from across the world that pulled the wool over the eyes of so many people. I knew there was something about Obama’s story that just never measured up to being believable. Now, he purposely used the recent opportunity to rub it in our faces that indeed he is not an American citizen and yet he still sat in OUR White House for 2 terms as POTUS. Every American citizen needs to stop being influenced by the MSM traitors against our country by ignoring everything they report. It has been overwhelmingly proven that we cannot place any trust in what the majority of not only the MSM but the sitting and wanna be Politicians who would sell their own mothers heart for money that they can use to ‘buy’ more votes to establish their “career” as a politician. We must do our duty as citizens of the United States of America to vote, which can become our shovel to help our POTUS, Donald J. Trump clean out the swamp. It is just 7:45 am right now and with all that has already been reported on the morning News, I am even more fearful that we are on the verge of having to decide which side we will stand up for. My decision is now and will always be to stand up for America, the Constitution and God. If we fail to protect even one, then we will have failed to leave our children and grandchildren with the same opportunities we enjoyed growing up in America.

  2. Figuress lie. Liars figure. So why would we not expect radical, unfounded criticism from the opposition. They hate Trump. IF there was nothing to find fault with, they would then make up stuff.

  3. The liberal scum are liars, they have no choice, if they don’t lie they look like thy are a-holes

  4. The government does not know the true numbers. Even candidate Trump said that the unemployment numbers were bogus.

    The participation rate of the number of people who are NOT working at all,, rose from 88 million to 96 million since the recession (almost depression) of about 10 years ago. These are the long-term unemployed. The only ones counted as unemployed are those receiving unemployment checks from Uncle Sam (or from the various states).

    It is funny you never hear about how many people actually got jobs, only the jobs that open up. Many of them are low- paying dead-end retail sales jobs. Some do not exist at all. They are just recruiters who want to know who is available. They really do not have open jobs. Some of these remain open continuously.

    When will the US government wake up to the true numbers?

  5. Sue Jackson was exactly right in everything she pointed out! I’m so sick of cry baby Democrats! I’m a patriot, I love God and my country. Anyone that doesn’t should shut their mouth or LEAVE! My father fought in WWII at the age of 17 in the South Pacific and that makes me proud to be his daughter! I think we need to give more credit to our soldiers and veterans every day! There shouldn’t be any homeless vets. I refuse to watch news anymore because I’m so tired of the lies told on President Trump! He’s the ONLY presiden’t in my lifetime that is trying to keep his word yet everything he does or says is criticized by the liberal left! If you don’t like this country then GO AWAY. North Korea would be GLAD to have you….in jail!

    1. I have to agree with you totally. Trump is the only president I can remember that is actually doing his best to fulfill his campaign promises but is being blocked by Democrats and rhino Republicans at every turn.

  6. All of you patriots are correct. I fought in Nam proudly we got our butts kicked but still proud. Pres. Trump is doing a hell of a job. For the troops and civilians alike. Of course CNN want d president to thank them like he thanks our troops. They are not reporters any longer, they are fake news rangers. DUH

  7. It is really sad that the news media in our country is so determined to destroy our country by condemning everything that our president has tried to accomplish. This is the only president we have had in such a long time that has been and is for America First. The Democrat part is standing up for every other country in the world, plus promoting socialism/communism, as the best system, rather than touting the greatness of America. The news outlets have attacked president Trump from way before he became president to a 24/7 constant assault against him, and that means also to every American that voted for the man that only wanted what was best for America and Americans. Now, if they would report the truth on what is going on and stop trying to destroy all the good being accomplished, then America would prosper for everyone, beyond what we could imagine. Why would anyone be against making America great again (MAGA)? There agenda seems very clear to me in that they did not get to control who would be president, as they have in the past 100 years, with few exceptions, which they also attacked in their news stories everyday. They really hate to lose.

  8. I really don’t care what the media nor the DNC does. I like the way the president is handling things, especially his confrontation to situations. Give me a person that says what they think anytime over one who throws sugar around. I’ll admit I was not a fan of the then Donald Trump. But as president he has done and is doing some good things for this nation. And I’ll support him through a 2nd term if he chooses to run.

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