Following September’s big disappointment in BLS data (95k below ADP’s print), October saw no relenting in ADP’s exuberance with a better than expected +227k (vs +187k exp). September’s +229k spike was revised down to +218k making October’s +227k print the best since February…
Job Openings Hit New Record High of 7.1 Million…
The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday showed job openings rose to 7.136 million. Economists had forecast 6.9 million. The prior month was revised up to 7.077 million, the first time this number has ever exceeded 7 million. Until April of 2017, there had never […]
Leveling the Playing Field for American Workers by Wilbur Ross…
Manufacturing is booming again in America. Production lines are rolling, smelters are aglow, and Made in America products are spreading around the globe. On this Manufacturing Day, Americans around the country can celebrate the growing manufacturing revival due to the tireless efforts of President Donald J. Trump and those in his Administration. We are focused […]
ADP Private Payrolls: 219,000 Jobs Gained, 23,000 More Manufacturing Jobs…
The ADP national employment report is a monthly measure of the change in total U.S. nonfarm private employment derived from actual, anonymous payroll data of companies served by ADP. The report measures approximately 24 million U.S. workers along with employment trends in collaboration with Moody’s Analytics. For July 2018, ADP has calculated payroll increases of […]
Jobless Claims Fall to the Lowest Level Since 1969…
New claims for unemployment benefits fell 8,000 to 207,000 in the second week of July, the Department of Labor reported Thursday morning, the lowest such number since 1969. Forecasters had expected new jobless claims to edge up to around 220,000. Instead, fewer people sought unemployment insurance than anytime in 48 years. Thursday’s benchmark is especially […]
223,000 Jobs Added in May, Unemployment Falls to 3.8 Percent…
The Department of Labor reported Friday 223,000 jobs were added in the month of May, and unemployment dropped to 3.8 percent. Jobs growth outpaced economists’ predictions, who estimated the number would fall just short of 200,000. Experts were also expecting the unemployment rate to stay steady from month to month at 3.9 percent. May’s unemployment […]
Black Unemployment Rate Hits New Record Low in May…
Unemployment Ties Lowest Level in Nearly 50 Years…
For the First Time Ever, America Has Enough Jobs for Everyone…
There were a record 6.6 million job openings at the end of March, the Labor Department said. With unemployment down at 3.9 percent, that means there are enough jobs to employ everyone looking to work for the first time since the data began to be collected. Not everyone will get a job, as openings are […]
Bernie’s (Latest) Boondoggle…
When I wrote about “crazy Bernie Sanders” in 2016, I wasn’t just engaging in literary hyperbole. The Vermont Senator is basically an unreconstructed leftist with a disturbing affinity for crackpot ideas and totalitarian regimes. His campaign agenda that year was an orgy of new taxes and higher spending. Though it’s worth noting that he’s at […]