225,000 Jobs Added in January, and Still No Media-Predicted Recession

NewsBusters ^ | 2/7/2020 | Joseph Vazquez

[JV3MRC]

The latest Bureau of Labor Statistics (BLS) report found that the Trump economy is continuing to pump jobs into the market. And yet, still no evidence of the recession the liberal media have been howling about. The most recent jobs report found that the U.S. economy added 225,000 nonfarm payroll jobs for the month of January, destroying economists’ expectations of 158,000 jobs. Predictions were off by roughly 67,000 jobs. Notable job gains occurred in construction (+44,000), in health care (+36,000) and transportation and warehousing (+28,000).

[Pikachu_Dad]

Eventually they will get one right...

... and then they can tell us they told they so.

Should we take bets on the month from now?

democrats are trying hard to tank the economy.

so they may have a black swan event or two to try...

gosh, why do I want to say snother 9/11 or corona virus ?!?

[I want the USA back]

The bastards in the media are waiting for the numbers to go in the wrong direction for ONE MONTH. They they will flood the airwaves and papers with the word “recession.”

Some people, whose heads are firmly ensconced in their anal exit passageways, will see the headlines and not invest for a few days, and the stock market numbers will go down.

Reality: the stock market numbers don’t ALWAYS go up. They go up and down. However, some simple-minded individuals think that the end-of-month-closing numbers are really meaningful, and when they go down for one month, they will start crowing “recession.”

Because they really really want a recession.

[Responsibility2nd]

Every democrat candidate should be reminded.......

From the instant I took office, I moved rapidly to revive the U.S. economy — slashing a record number of job-killing regulations, enacting historic and record-setting tax cuts, and fighting for fair and reciprocal trade agreements. (Applause.) Our agenda is relentlessly pro-worker, pro-family, pro-growth, and, most of all, pro-American. (Applause.) Thank you. We are advancing with unbridled optimism and lifting our citizens of every race, color, religion, and creed very, very high.

Since my election, we have created 7 million new jobs — 5 million more than government experts projected during the previous administration. (Applause.)

The unemployment rate is the lowest in over half a century. (Applause.) And very incredibly, the average unemployment rate under my administration is lower than any administration in the history of our country. (Applause.) True. If we hadn’t reversed the failed economic policies of the previous administration, the world would not now be witnessing this great economic success. (Applause.)

The unemployment rate for African Americans, Hispanic Americans, and Asian Americans has reached the lowest levels in history. (Applause.) African American youth unemployment has reached an all-time low. (Applause.) African American poverty has declined to the lowest rate ever recorded. (Applause.)

The unemployment rate for women reached the lowest level in almost 70 years. And, last year, women filled 72 percent of all new jobs added. (Applause.)

The veterans unemployment rate dropped to a record low. (Applause.) The unemployment rate for disabled Americans has reached an all-time low. (Applause.)

Workers without a high school diploma have achieved the lowest unemployment rate recorded in U.S. history. (Applause.) A record number of young Americans are now employed. (Applause.)

Under the last administration, more than 10 million people were added to the food stamp rolls. Under my administration, 7 million Americans have come off food stamps, and 10 million people have been lifted off of welfare. (Applause.)

In eight years under the last administration, over 300,000 working-age people dropped out of the workforce. In just three years of my administration, 3.5 million people — working-age people — have joined the workforce. (Applause.)

Since my election, the net worth of the bottom half of wage earners has increased by 47 percent — three times faster than the increase for the top 1 percent. (Applause.) After decades of flat and falling incomes, wages are rising fast — and, wonderfully, they are rising fastest for low-income workers, who have seen a 16 percent pay increase since my election. (Applause.) This is a blue-collar boom. (Applause.)

Real median household income is now at the highest level ever recorded. (Applause.)

Since my election, U.S. stock markets have soared 70 percent, adding more than $12 trillion to our nation’s wealth, transcending anything anyone believed was possible. This is a record. It is something that every country in the world is looking up to. They admire. (Applause.) Consumer confidence has just reached amazing new highs.

All of those millions of people with 401(k)s and pensions are doing far better than they have ever done before with increases of 60, 70, 80, 90, and 100 percent, and even more.

Jobs and investments are pouring into 9,000 previously neglected neighborhoods thanks to Opportunity Zones, a plan spearheaded by Senator Tim Scott as part of our great Republican tax cuts. (Applause.) In other words, wealthy people and companies are pouring money into poor neighborhoods or areas that haven’t seen investment in many decades, creating jobs, energy, and excitement. (Applause.) This is the first time that these deserving communities have seen anything like this. It’s all working.

Then ask them: What would YOU do to “fix” this?