Friday, January 5, 2018

A Very Good Jobs Report -- CNBC - January 5, 2018 -- African-American Unemployment At All-Time Low

Small increase in number of jobs; less than forecast.

Unemployment rate remains unchanged, 4.1%.

Anti-Trumpers will have fun with this. But CNBC talking heads said this is actually a great number.

Job losses in retail sector -- down 67,000 for the year. [Warehouse workers -- such as Amazon -- are not reported in the retail sector.]

62.7% participation in labor force.

U6 - 8.1% -- this was "never" reported under the previous administration. Now, under Trump it's being reported. Steve Liesman made a huge, huge deal about this. During this discussion, Becky Quick showed her ignorance on the "Fed."

6.8% -- African-American unemployment rate -- lowest since BLS started keeping records in 1972.

US government cut 16,000 jobs in 2017.

US gained almost 200,000 manufacturing jobs in 2017.


This is how Yahoo!Finance saw it:


This is how investors saw it: Dow up 100 points.


Food stamp recipients down two million under Trump

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