Was the economy adding or losing manufacturing jobs before the tax cut?
Those jobs were being added before the tax cuts.
Wages are still stagnant and purchasing power keeps going down.
Once again, the facts show that GOP economic policy is a fiscal disaster for our country and a failure.
Then why did Obama say, āThose jobs arenāt coming backāā¦ Go ahead ignore reality, itās why the dems are socialist and going to lose againā¦
Thereās 150 million jobs in the country and you guys are getting the vapors about 600,000 of them. Itās such a small percentage it hardly registers.
Manufacturing used to be 27%-30% of the economy. Itās in the 10-12% now. Thatās what Obama was talking about. Itās not going back up to 30%
It seems some Republicans, like Trump donāt like math that much.
The private sector really took off. They love tax cuts a less regsā¦
In January, employment in leisure and hospitality rose by 74,000. Within the industry, job gains
occurred in food services and drinking places (+37,000) and in amusements, gambling, and recreation
(+32,000). Over the year, leisure and hospitality has added 410,000 jobs.
Construction employment rose by 52,000 in January. Job gains occurred among specialty trade
contractors, with increases in both the nonresidential (+19,000) and residential (+15,000) components.
Employment also rose in heavy and civil engineering construction (+10,000) and residential building
(+9,000). Construction has added 338,000 jobs over the past 12 months.
Employment in health care increased by 42,000 in January. Within the industry, job gains occurred in
ambulatory health care services (+22,000) and hospitals (+19,000). Health care has added 368,000 jobs
over the past year.
Over the month, employment in transportation and warehousing rose by 27,000, following little
change in December. In January, job gains occurred in warehousing and storage (+15,000) and among
couriers and messengers (+7,000). Over the year, employment in transportation and warehousing has
increased by 219,000.
In January, retail trade employment edged up by 21,000. Job gains occurred in sporting goods, hobby,
book, and music stores (+17,000), while general merchandise stores lost jobs (-12,000). Employment in
retail trade has shown little net change over the past 12 months (+26,000).
Mining employment increased by 7,000 in January. The industry has added 64,000 jobs over the year,
almost entirely in support activities for mining.
Employment in professional and business services continued to trend up over the month (+30,000) and
has increased by 546,000 in the past 12 months.
Employment in manufacturing continued to trend up in January (+13,000). Over-the-month job gains
occurred in durable goods (+20,000), while employment in nondurable goods changed little (-7,000).
Manufacturing employment has increased by 261,000 over the year, with more than four-fifths of the
gain in durable goods industries.
Employment in federal government was essentially unchanged in January (+1,000).
Trump is Coolā¦
The trend is our friend.
The trend is flat lined.
In January, average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents to
$27.56, following a 10-cent gain in December. Over the year, average hourly earnings have increased by
85 cents, or 3.2 percent. Average hourly earnings of private-sector production and nonsupervisory
employees increased by 3 cents to $23.12 in January.
Manufacturing employment has increased by 261,000 over the year
Which is exactly what youād expect based on the fact that manufacturing is about 10% of the workforce. Itās keeping up with the growing job market and population.
Actually, I just heard NPR address this point and it turns out wages have been going up for most Americans. Only for poor, white men has it been stagnant.
I forgot youāre just here to deflect to Obama and Clinton.
And the irony of lecturing others on ignoring realityā¦
But even then for most their actual purchasing power remains unchanged for the past 40 years.
Those raises are just keeping them afloat. Not helping them climb a rung on the ladder.
