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US economy added only 75,000 jobs in May

MTAtech

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[h=1]US economy added only 75,000 jobs in May[/h]
The report supports suspicions that the labor market is finally slowing down from its blistering pace in 2018, with revisions to the past two months subtracting 75,000 jobs. Employers have added 164,000 jobs per month on average in 2019, compared with 223,000 jobs per month last year.

International trade tensions are fueling concerns that the high-flying economy may be in for a fall. President Donald Trump's threat to impose tariffs on Mexico following additional tariffs on China, could send the global economy toward a recession, some economists warn. Those jitters could explain why hiring has been volatile over the last several months.

2018 wasn't "blistering" in terms of job gains. Here is the YTD gains by year starting in 2010. Of the ten years, five were similar to 2018.

2010
862
2011
881
20121,037
20131,026
20141,143
20151,157
2016
782
2017861
2018 1,149
2019
820
 
The closer we get to full employment (for those seeking work) then the slower job growth will likely become. I have had a very good year (so far) and am getting more large (and thus better paying) jobs this year than last year.
 
[h=1]US economy added only 75,000 jobs in May[/h]


2018 wasn't "blistering" in terms of job gains. Here is the YTD gains by year starting in 2010. Of the ten years, five were similar to 2018.

2010
862
2011
881
20121,037
20131,026
20141,143
20151,157
2016
782
2017861
2018 1,149
2019
820

Bad news for sure, but we'll see if it's just an off month or the start of a trend.
 
And they downward revised APR & MAY (-75K), too.

So we are starting to see a trend. The question is:

"Is it a slowdown, or a labor shortage?"

We're seeing both a recent manufacturing pull-back, along with moderately increasing wages. So those two indicators evaluated together seem equivocal. I think we have to see if wages increase at a more rapid rate; that might be the tell.

But when manufacturing shows signs of a slowdown, along with hiring slowing down, it would seem to not be the time for tariffs with our 2nd largest manufacturing sub-contractor.
 
Trump is pressuring the Fed Reserve to lower interest rates by a full percentage point. Why would he want that? It's a very simple explanation. The fate of his economy hinges on it. Trump said the U.S. economy has “the potential to go up like a rocket” if the Fed would lower interest rates “like one point” and resume quantitative easing, a bond-buying program launched by the Fed in 2008 in the wake of the financial crisis to stop the collapse of the housing market and increase the supply of money in the economy.

Trump is trying to get the interest rates reduced to offset the enormous costs his tariffs have created for manufacturers. A recession is coming and Trump's only way to stall it is to cut interest rates. The stock market will like it and Trump bases the economy solely on the stock market. People are fearful of a recession and that's why the Dow dropped last week. Now with the rumor of a rate drop, the market is hopeful in anticipation of it happening.

The market is focused not only on the U.S. but also on what’s happening in China, what’s happening in Mexico, what's happening in Iran and N. Korea and the rest of the world and that political uncertainty, whether through trade policy or whatever, how likely is that to persist and give life to a recession.
 
Trump is pressuring the Fed Reserve to lower interest rates by a full percentage point. Why would he want that? It's a very simple explanation. The fate of his economy hinges on it. Trump said the U.S. economy has “the potential to go up like a rocket” if the Fed would lower interest rates “like one point” and resume quantitative easing, a bond-buying program launched by the Fed in 2008 in the wake of the financial crisis to stop the collapse of the housing market and increase the supply of money in the economy.

Trump is trying to get the interest rates reduced to offset the enormous costs his tariffs have created for manufacturers. A recession is coming and Trump's only way to stall it is to cut interest rates. The stock market will like it and Trump bases the economy solely on the stock market. People are fearful of a recession and that's why the Dow dropped last week. Now with the rumor of a rate drop, the market is hopeful in anticipation of it happening.

The market is focused not only on the U.S. but also on what’s happening in China, what’s happening in Mexico, what's happening in Iran and N. Korea and the rest of the world and that political uncertainty, whether through trade policy or whatever, how likely is that to persist and give life to a recession.
I feel I can confidently say Trump will never place a 25% tariff on Mexican imported goods.

He may screw a lot of stuff up, but he'll never get to 25%. Just like he never got his wall, by shutting down the government. It ain't gonna' happen!
 
I feel I can confidently say Trump will never place a 25% tariff on Mexican imported goods.

He may screw a lot of stuff up, but he'll never get to 25%. Just like he never got his wall, by shutting down the government. It ain't gonna' happen!

Ultimately, is impoverishing Mexico a solution? No. That'll make things worse.
 
Ultimately, is impoverishing Mexico a solution? No. That'll make things worse.
Yep.

"Your poor, your impoverished, your destitute, and your starving, are coming to America - dammit! So I'm going to wreck your economy!"

Right ...
 
Ultimately, is impoverishing Mexico a solution? No. That'll make things worse.
It's a simple ask that will cost Mexico virtually nothing . The tariff is the cost to Mexico of doing nothing. Right now America is baring all the cost of Mexico doing nothing.

Sent from my SM-G892A using Tapatalk
 
It's a simple ask that will cost Mexico virtually nothing . The tariff is the cost to Mexico of doing nothing. Right now America is baring all the cost of Mexico doing nothing.

Sent from my SM-G892A using Tapatalk


It devastates Mexico's exports to America, a major if not largest source of income for the nation.

You can get as hateful and crazy as you want, but reality and facts remain.
 
It devastates Mexico's exports to America, a major if not largest source of income for the nation.

You can get as hateful and crazy as you want, but reality and facts remain.



Are you from Mexico? What do you think Mexico’s practices have done to the American pocketbook?
 
Are you from Mexico? What do you think Mexico’s practices have done to the American pocketbook?

Revenge doesn't work, especially vs the destitute.
 
US economy added only 75,000 jobs in May

honestly, given the current circumstances, that isn't a bad number. at this level of employment and with a complete idiot ****ing with the economy constantly, i'd probably start calling bull**** on 200k+ jobs reports at some point. what does kind of suck is that my wage growth definitely doesn't reflect these numbers. my raises keep up with inflation at best even though my workload has gone up significantly. i would discourage people from moving to a right to work for less red state unless there is a significant family reason.
 
It's a simple ask that will cost Mexico virtually nothing . The tariff is the cost to Mexico of doing nothing. Right now America is baring all the cost of Mexico doing nothing.

Sent from my SM-G892A using Tapatalk
Well, the cost is to me & you actually. We pay those taxes.
 
It devastates Mexico's exports to America, a major if not largest source of income for the nation.

You can get as hateful and crazy as you want, but reality and facts remain.
To say nothing of the costs to American businesses and jobs! :doh
 
Well, the cost is to me & you actually. We pay those taxes.
How much is the million new dependents this year going to cost? The goal of the tariffs is NOT to impose them.

Sent from my SM-G892A using Tapatalk
 
honestly, given the current circumstances, that isn't a bad number. at this level of employment and with a complete idiot ****ing with the economy constantly, i'd probably start calling bull**** on 200k+ jobs reports at some point. what does kind of suck is that my wage growth definitely doesn't reflect these numbers. my raises keep up with inflation at best even though my workload has gone up significantly. i would discourage people from moving to a right to work for less red state unless there is a significant family reason.
Your wage plight is not alone.

Yes, wages are finally increasing a bit. But not much more than the COL. Now that's better than the previous regular wage losses in relation to the COL. But many working Americans are not really getting ahead.
 
How much is the million new dependents this year going to cost? The goal of the tariffs is NOT to impose them.

Sent from my SM-G892A using Tapatalk
The goal, is to reduce illegal immigration. That takes leadership and a comprehensive immigration plan with Congress. DACA for a wall, would have been a great start. Unfortunately, leadership and coalition & consensus building is above Trump's abilities. And here we are, worse than under Obama, worse since he attained Office.
 
Well, the cost is to me & you actually. We pay those taxes.

We don't buy as much, and it's at a terrible margin for them.
 
The goal, is to reduce illegal immigration. That takes leadership and a comprehensive immigration plan with Congress. DACA for a wall, would have been a great start. Unfortunately, leadership and coalition & consensus building is above Trump's abilities. And here we are, worse than under Obama, worse since he attained Office.

Lol. Congress? Lol
 
It devastates Mexico's exports to America, a major if not largest source of income for the nation.

You can get as hateful and crazy as you want, but reality and facts remain.
The Cartels are getting rich smuggling people. Meanwhile Mexico looks the other way. I wonder if the officials are being bribed to look the other way as illegals pass through Mexico. The tariffs may get their attention.
 
It's a simple ask that will cost Mexico virtually nothing . The tariff is the cost to Mexico of doing nothing. Right now America is baring all the cost of Mexico doing nothing.

That's NPC.
 
[h=1]US economy added only 75,000 jobs in May[/h]


2018 wasn't "blistering" in terms of job gains. Here is the YTD gains by year starting in 2010. Of the ten years, five were similar to 2018.

2010
862
2011
881
20121,037
20131,026
20141,143
20151,157
2016
782
2017861
2018 1,149
2019
820

Cherry picking one statistic and coming up with a prediction based on that statistic is foolish. You should look at the entire jobs report.

For example...

299,000 people moved from part time jobs to full time jobs.

3.1% wage growth.

And this is in spite of the globalists spouting off about fears about Trump's actions toward other countries and the effects on the "global economy". The US economy is doing great.
 
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