MAGAnomics: Jobs, Jobs, Jobs July Report – Private Employment +170,000, Government Employment -13,000, Net: +157,000

The Bureau of Labor Statistics (BLS) released the July 2018 employment report today (full pdf with tables below) highlighting continued growth in jobs.  Overall private employment gained 170,000 jobs, while government employment decreased 13,000 jobs for a net gain of 156,000 new jobs.   The BLS unemployment rate dropped to 3.9%.

[*Note this footnote:  “The change in total nonfarm payroll employment for May was revised up to +268,000, and the change for June was revised up to +248,000. With these revisions, employment gains in May and June combined were 59,000 more than previously reported.”]  Huh, funny that…. some revision eh?

July’s labor participation is holding steady at 62.9%, with 155,965,000 employed within the U.S. workforce. (Table A-1)

Blue and White-collar Main Street jobs continue to lead the MAGAnomic resurgence. (table B-1) Construction jobs increased 19,000 jobs; manufacturing gained 37,000 jobs; and trade/transportation and utilities gaining 15,000.

With extra cash in their pockets, the U.S. worker/consumer continued to spend and retail employment added 7,100 new workers in July.   (Table B1) Interestingly, and reinforcing a long-ago CTH prediction, the consumer spending growth (leading to increases in employment) is specifically in the consumable goods sector (food, clothing, etc.).   This is connected to the increase in work-time (table B2); an oft overlooked aspect to the economy.

Truck transportation gained 4,400 jobs in July (everyone needs truckers), which is in line with the high wage growth (3.4%) within this sub-set of the transportation industry.

Here’s the full BLS employment report:

.

The July Bureau of Labor Statistics jobs reports comes just after they released their second quarter analysis of wage and benefit rates for American workers. –SEE HERE–  This is only the beginning of what is to come:

(pdf link)

Overall wage rate growth in Q2 (April, May, June) now at 2.8% year-over-year.  That is great news. However, the better news is the red emphasis, White and Blue Collar middle-class wage rate growth is well over 3%.  The wage growth is broad-based amid almost all sectors.  [Trucking and transportation at 3.4% (Table 8)]

As the wage rate increases, and as the economy expands, the governmental dependency model is reshaped and simultaneously receipts to the U.S. treasury improve.

More money into the U.S Treasury and less dependence on welfare/social service programs have a combined exponential impact. You gain a dollar, and have no need to spend a dollar – the saved sum is doubled. That is how the SSI and safety net programs are saved under President Trump.

When you elevate your economic thinking you begin to see that all of the “entitlements” or expenditures become more affordable with an economy that is fully functional.

Hold on to your MAGA caps… It’s a hurricane of winningness: 

…“and we will win, and you will win, and we will keep on winning, and eventually you will say we can’t take all of this winning, …please Mr. Trump …and I will say, NO, we will win, and we will keep on winning”.

~ Donald Trump

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This entry was posted in Decepticons, Dem Hypocrisy, Donald Trump, Economy, Election 2018, media bias, President Trump, Taxes, Trade Deal, Transportation, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

127 Responses to MAGAnomics: Jobs, Jobs, Jobs July Report – Private Employment +170,000, Government Employment -13,000, Net: +157,000

  1. duchess01 says:

    Thanks, Sundance – Great Analysis and Reporting – as usual – God Bless You!

    Liked by 7 people

  2. mikebrezzze says:

    And all we hear is THE RUSSIANS ARE COMING!

    Liked by 10 people

  3. snarkybeach says:

    NPR is touting these numbers as a negative on the President’s policies (ie tariffs, Helsinki, tax cuts.) Along with the daily illegal story, there is one on how punitive the tax cuts are to average Americans. I don’t know about you but I’m loving the extra cash in my paycheck.

    Liked by 8 people

  4. DanO64 says:

    So this is what winning over and over is like. Nice!

    Liked by 5 people

  5. MattyIce says:

    Oh man, once the trade deals are straightened out, employment numbers and wage growth, USA will be unrecognizable from where we were under Obama. God bless our POTUS, God bless the USA!!!

    Liked by 11 people

  6. MfM says:

    “government employment decreased 13,000 jobs”

    Does this ever happen??? Think of the money that is saving!

    Liked by 18 people

    • Turranos says:

      Yes, that statistic got me out of my chair and dancing. Bottom line, that helps out our Republic.

      Liked by 7 people

    • I’m freaking out trying to remember enough 7th grade math. Figuring each must average 100k and benefits, that starts adding up.

      Like

    • Steve says:

      More to come as DJT shreds the FBI and DoJ after November

      Liked by 5 people

    • tonyE says:

      OK… figure 170K new jobs in a month… paying about $5K per year in Federal Income Taxes (yeah, I know, that’s ridiculously low, but let’s be very conservative)… so that’s about $850M in new income taxes.

      Then you take those 13,000 missing government jobs… let’s say $50K per year (again low)… so that’s $650M in savings.

      So per this month, we’ve seen a swing of 1.500 billion dollars! If we extend this to a year,. then you see: $18 billion… And that doesn’t take into account local sales, income and real estate taxes. Plus the moneys spent on stuff like food, cars, fuel, cigarettes, etc… which creates more jobs..

      So, let’s assume that every one of those new after tax dollars is cycled twice… so that would create about $32 billion of effective new revenue.. and that’s a conservative estimate.

      Liked by 2 people

    • In fact it has happened. In 2017, government employment decreased by 1000 jobs…but for the entire year. Now it is 13000 for one month!

      https://www.cnsnews.com/news/article/terence-p-jeffrey/federal-govt-jobs-down-11000-2017-state-govt-jobs-down-2000-local

      Liked by 1 person

      • prenanny says:

        The insane hiring on the local government level your article cited is curious.
        While both the fed and state level decreased local skyrocketed.

        This should be a wake up call for everyone to NOT skip local elections, elect small government penny pinching people who understand it is not free money they are spending. Pensions must be eliminated for all government workers – 401K only.
        It is pensions that create the ever increasing taxation at the local level.
        Elect only people that will put an END to this and that includes teacher pensions as well.

        Like

    • mr.piddles says:

      Yes, I do like that Government Employment number. It’s a great positive… er negative… er positive step in the right direction. Federal Government still at forty-two billion, one hundred ninety-six million, seven hundred and thirty-seven thousand, three hundred and one employees. I know, there’s only like 7 1/2 billion people on Earth. I don’t get it either.

      Like

    • webgirlpdx says:

      I loved that part too……

      Like

  7. Marygrace Powers says:

    “Truck transportation gained 4,400 jobs in July (everyone needs truckers), which is in line with the high wage growth (3.4%) within this sub-set of the transportation industry.” sd.

    Only the beginning/TRUCKING INDUSTRY POISED TO EXPLODE/GOTTA MOVE THINGS.

    Liked by 12 people

    • Brant says:

      But but autonomous electric trucks are going to wreck the trucking employment dontcha know…. Sarc we dun been told that by Elon et al. Derp

      Liked by 1 person

    • Cheri Lawrence says:

      Yes and rebuild our crumbling highways! Regulation reform by POTUS is working on MUCH shorter approval times for the infrastructure projects we desperately need. This is how we roll! Woohoo!

      Liked by 2 people

      • prenanny says:

        There is PLENTY of money that is already confiscated for roads and bridges an excess of it actually. The problem is that it is not spent ON roads and bridges. A big giant chunk of it goes to subsidizing socalled public transportation, users of which pay pennies compared to the overall cost of automobile ownership.
        I too am looking forward to the Great Build TRUMP will be announcing at some point.
        Am warming up my WOOHOO right along with you 🙂

        Liked by 1 person

    • rashomon says:

      The Nightly News just interviewed the owner of a nationwide trucking concern who said he could use 51,000 drivers NOW! That means the rebirth of the manufacturing sector that The Zero said would NEVAH come back. Hah! Dumbo personified.

      Like

  8. HonorDefendBuckeye says:

    Reduction of 13,000 in government jobs is terrific news. Less cost upfront, less cost in bureaucratic impediments, less cost in long term pension benefits, less cost in citizen time spent in complaining about their latest interaction with government. Less mischief in government imposing its whims on liberty and freedom. MAGA

    Liked by 10 people

  9. Brant says:

    Maybe net jobs should be 183k instead of 157k. Especially anywhere within 100 miles of DC, 1 less gubmint job is at least add 1/2 job to private total.

    Liked by 6 people

  10. David Bardo says:

    Trump: Numbers revised UP
    Obama: Numbers revised DOWN

    Oh how the bureaucrats play the game.

    Liked by 6 people

    • David Bardo says:

      Of course, exact opposite on unemployment.

      Liked by 4 people

    • sundance says:

      Yeah, funny how that happens

      Liked by 12 people

      • Dennis Leonard says:

        And CNN reports,read “TEPIDLY”
        “The economy keeps pumping out jobs.
        The unemployment rate fell to 3.9% and the economy added 157,000 jobs in July, the Labor Department said Friday.

        But workers’ average hourly paychecks grew tepidly from the previous month and are up just 2.7% compared to the same time last year. During previous expansions, wages have grown at a faster pace. Economists’ maintain that wages will rise as economy drains remaining slack from the labor market and businesses’ pay more to retain workers.”

        Liked by 2 people

      • Rodney Short says:

        You have been calling this all along Sundance Godbless you

        Like

  11. Donna in Oregon says:

    Happy MAGA Warriors should plan Revision Parties for the missing jobs…..every month.

    Truth be told, we should celebrate. Every single time. Do it on Twitter….party time, add a beautiful chocolate cake and 2 scoops of ice cream. MAGAnomics

    Liked by 8 people

  12. patsfaninpittsburgh says:

    Obama’s BLS numbers were always higher than ADP. (Then revised down)

    Has that happened EVER during the 19 month VSG timetable?

    Liked by 3 people

  13. starfcker says:

    Here is a slightly different way for anybody to look at this. Take these numbers, and multiply them by 12. That will give you an idea of what annual job growth might look like. Now take that number and multiply it by 8, the number of years Trump might serve. We’d have a different country. That’s what make America great again means.

    Liked by 5 people

  14. Mncpo(ret) says:

    I don’t think any of us have lived through anything like this before. It’s just amazing, just to watch!! I have never experienced anything like it my 61 yrs on this earth. God Bless him.

    Liked by 6 people

  15. alliwantissometruth says:

    The Trump effect, there’s no other way to define it

    The President gives business the tools they need, gets out of the way & boom, it’s off to the races

    The cherry on top would be if we could get rid of the millions upon millions of illegal aliens holding jobs in our country, & of course, build an actual wall to keep them out in the future

    Liked by 1 person

    • MAJA says:

      So True! He knows that Americans are go getters and self sufficient if not crippled by the gov. So so happy, mostly for both of my 20 something year old kids, but I’m having the time of my life. Everything we have been through is being healed. Love this President and everything he stands for and stands up to.

      Like

  16. Not surprised at all.

    The real reason the Federal jobs are in the negative is the economy. Federal employees that are eligible for retirement have been staying longer due to the poor economy. Now, they are retiring in droves! And this is good! Here in St. Louis VA we are breaking all sorts of records for the number of people retiring. the Federal government needs new blood and fresh ideas and this is a start.

    Liked by 1 person

    • prenanny says:

      I do not understand how the economy would impact a person’s retirement as you suggest.
      They would get X for a pension regardless.
      Could it be they are being asked to WORK instead of clip coupons and play on their cell phones?

      Like

  17. Mercenary says:

    These revisions are an absolute joke and the BEA or whoever is responsible for this needs to be investigated. It’s abundantly clear that they are trying as hard as possible to rein in Trump’s performance AS HARD as they possibly can.

    Instead of us hearing the good news AS IT HAPPENS, in the moment, they delay when attention is gone. Imagine if we heard that 2nd quarter growth was 4.5% or 4.7%!!! Which is possible. They are deliberately CHEATING Pres. Trump out of what he has rightfully earned.

    Mr. President – CLEAN out your disgusting Bureau of Economic Analysis or whatever garbage department is intentionally sabotaging your numbers!!!

    Liked by 3 people

  18. As I sit here at lunch reading this awesome news I just can’t quit smiling. NEVER has a president keep his promises in my lifetime. Does anyone have a checklist on the promises made, promises kept?

    Liked by 5 people

  19. bullnuke says:

    Stunning results. All these positive numbers in all areas without a trillion dollar annual stimulus. Everyday makes the previous occupant of the White House look incompetent.

    Like

    • napoleon32 says:

      Also, guess how many Fed rate hikes Barry had his entire presidency? A grand total of two, and one of those was after the 2016 election. President Trump has had FIVE rate hikes already (six if you count the December 2016 hike), with another likely coming before the year is out. Congress and the Fed gave Barry TRILLIONS of free dollars and the economy still stagnated. They fight Trump at nearly every turn and the economy since motors on without them.

      Liked by 4 people

  20. GB Bari says:

    This article continues to reinforce why everyone should be getting their economic news from CTH and NOT from any of the alphabet Yellow Stream Media networks, websites, or any of the deep state newspapers.

    Thank you Sundance!

    Liked by 4 people

  21. Chris Tanner says:

    Government engineers are leaving for better paying jobs in the private sector, my buddy in the military proving grounds says that they are very short handed now because of the losses.

    Liked by 1 person

  22. Troublemaker10 says:

    Liked by 5 people

    • Robert Smith says:

      Serious question here, are there real people who stalk Ivanka everyday, all-day, just to snark at her? The funny thing is she’s as close to a friend the liberal have in the Trump administration.

      Like

  23. dawg says:

    The decrease of 13000 government jobs makes me just as happy as the increase in other jobs.

    Liked by 1 person

  24. Troublemaker10 says:

    Liked by 1 person

  25. I can tell you right now that trucking wages and benefits are increasing faster than 3.4% in the last year. I deal with trucking companies and contracts in my jobs and pay is up for truckers between 10 & 20% in just the last year with more room to run. There’s a massive shortage of truckers and the shortage is only getting more severe. Starting salaries for a bulk truck driver are north of $80K USD if they are willing to work the hours. Shippers of freight are feeling these price increases.

    Liked by 7 people

    • Robert Smith says:

      How many hours would you have to drive to make $80k?

      Like

      • LafnH20 says:

        Robert, if you wanted to stay local and be home every night…
        A LOT, My friend.
        That’s about $25 an hour for a 60 hr work week.

        Over The Road (OTR) Not home much, it’s possible as well.
        And not unrealistic.
        @ 0.45 per mile (driving for a company) it would be 650+- miles per day for 5.5 days each week.

        Like

    • LafnH20 says:

      Totally Agree, fctexan.

      Pay for Truckers is going up, up, up..
      It has to. To attract quality drivers or just bodies to drive the trucks is a race to the top – pay wise.
      The time away from home and family is bout the same. The hassle with lost driving time (if the wheels ain’t turnin… you ain’t earnin) from waiting at shippers and recievers, is bout the same. Sky high prices “On The Road” are bout the same. Traffic issues and Federal Regulations are bout the same. Shiny “New” trucks and not so shiny “Newer” trucks and plain old “Workin trucks” are ALL in demand.

      Not much to entice folks besides “Cold Hard Cash!!”

      Sign on bonuses, retention bonuses, safety bonuses, fuel savings bonuses, mileage bonuses….
      Just show up, drag this trailer over there, go get something else and drag it back bonuses.
      Remember folks… EVERYTHING YOU SEE, EAT or BUY came on a truck…
      In some fashion…
      Even the New Trucks get delivered by Trucks.
      Think about it.
      Every window. Every brick. Every pound of ore. Every gallon of milk. Every polo shirt-purse- diaper- kleenex- Starbucks latte…. came (some of the way) by some sort of “Commercial Vehicle.”
      Whether by pick-up Truck; ups Truck; milk Truck; mail Truck; AAA Truck; Earth Movers; Tanker Trucks; The Bread Truck; Egg Truck….. Cattle/Livestock Truck; Feed/Hay/GrainTruck; pop tart Truck..lol

      MAGA means Trucks!!!
      Trucks mean Truckers!!!
      Truckers Move America!!!
      America in Motion means Prosperity!!

      AND….We need All Y’all TOO!!

      E Pluribus Unum

      Out of many…One

      🇺🇸🇺🇸 VOTE 🇺🇸🇺🇸
      🇺🇸🇺🇸 MAGA 🇺🇸🇺🇸

      Help out a neighbor when you can…
      Buy local!!

      TY, Sundance….
      Excellent News!!

      Like

      • Ryan H. says:

        I start my CDL-A school on Monday. 4 weeks and I will be OTR after nearly 10 years without steady employment. I can hardly wait!
        Thank you President Trump!
        MAGA!!! KAG!!!

        Like

        • MAJA says:

          Beautiful and congratulations! 💚

          Like

        • Marygrace Powers says:

          Congrats Ryan👍🇺🇸

          Like

        • LafnH20 says:

          Congratulations, Ryan!!!

          You will have a chance to see much of this Great Country of Ours… like relatively few ever will.
          The out of the way places; The Big places; The Busy places; The famous places; and every now and again… The Exquisitely Quiet and Beautiful places.

          Keep the Rubber side down..
          The Shiny side up..
          And Your Powder Dry…
          My Friend.

          You be safe… going thata way!!

          This is the LafnH20….
          I’m Westbound and gone..
          See ya …. Out There!

          Best Wishes!!
          GOD BLESS

          Liked by 1 person

      • Marygrace Powers says:

        ❤️🇺🇸 “America in Motion means PROSPERITY.” ❤️🇺🇸

        Like

  26. TreeClimber says:

    Excellent news. Now, let’s get rid of the illegals and the H1Bs, etc that are ruining our tech industry and preventing my all-American computer genius husband from actually getting and keeping a non-contract job that doesn’t cheat him sixty ways to Sunday.

    Liked by 3 people

    • stephenreed says:

      Oh and lets hope our president realizes the national security threat posed by offshoring of our development talent. Put a permanent 100% or higher tariff on imported engineering, science and software development services.

      Liked by 1 person

  27. jmclever says:

    What percentage of that -13K government jobs is represented by disgraced former FBI agents? Inquiring minds want to know :-p

    Like

  28. PoxOnTheDNC says:

    MAGAnomics: Jobs, Jobs, Jobs July Report – Private Employment +170,000, Government Employment -13,000, -> WRONG Net: +157,000. For every government job lost we no longer have a dead weight loss (with full retirement benefits) thus we should add +2 in a jobs report.

    Correction MAGAnomics Private Employment +170,000, Government Employment (-13,000 * -2) = +196,000 equivalent.

    Like

  29. President Trump is CRUSHING Obamas JOBS CREATION … 100:1

    Obummer created 26,000 jobs in his final 19 months!
    Trump created 157,000 jobs in July
    Obama would need 115 months to match it!

    Fake News Frauds 🤥: WE DON’T CARE

    Liked by 1 person

  30. PROSECUTE the Globalists and Dems for HOLLOWING out MEXICO’s WORKFORCE!

    Wait for President Trump and President Obrador to jointly team up:

    • Create a Joint Task Force to Repatriate Illegals to boost the MEXICAN ECONOMY.

    • Jointly Prosecute all who colluded, funded, aided, abetted and benefited in a RICO CASE for HUMAN TRAFFICKING!

    I’m DEAD SERIOUS!

    NEW RULES: We WIN, They LOSE. 😁

    Liked by 2 people

    • LafnH20 says:

      I never looked at it that way, before, BKR.

      Hollowed it out…to make a buck!
      And in so doing, brought untold Human misery and destruction.
      THAT… is what they have planned for US!!
      Hollowed out!!

      I’m with you… Time to Pay!

      Liked by 2 people

  31. prenanny says:

    Take a look at these numbers, the labor participation rates by age a real eye opener ( to me anyway ) also look at what the government ( under dims projected in 2026 ).
    guess they intended to work elders to death to lower cost of obambicare all the while younger folks did Lord knows what:
    https://www.bls.gov/emp/tables/civilian-labor-force-participation-rate.htm

    Like

  32. I no I’m late to the party but as a citizen I consider the loss of government jobs a plus a should be considered as a double gain.

    Liked by 2 people

  33. sickconservative says:

    Really just love the -13,000 less Gov’t workers, can we triple that number soon like next month.

    Like

    • Trump Train says:

      Its coming. Trump gonna shut it down………………….Not taking in account the visceral hate from the left, voter fraud, illegals voting ect………….this should be a landslide election for Trump. The formula is simple
      Nationalize the election of the Trump results vs what the dems offer
      GOP Candidates go full in with the Trump agenda. All Republicans in my are are full on board the Trump Train, at least in their campaign materials.
      And Trump go all in with the Ralleys 2x a week until the election. Combined with the 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000001% chance Sessions is actually doing the job behind the scene and “The Big Ugly” happens, that would be the final nail.

      Like

  34. jeans2nd says:

    Had dinner w/friends in low places tonight, and there are complaints re: jobs.

    There are too many jobs, and not enough workers.
    Guys cannot decide which job to take. Guys cannot decide how many overtime hours they care to work. Guys have 401Ks for the first time and do not understand how 401Ks work. Guys are paid every week, which require a weekly trip to stand in line at the bank. Guys haven’t enough time to work on the recently purchased new toys, e.g. cars, bikes, guns, etc. Wives do not know how to drop Medicaid, which they no longer need as they now have health insurance.

    Iow, things are looking great in the lives of Retarded Ohio Deplorables. Oh, what joy to hear such complaints and laugh again over dinner.
    Thank you, Pres Trump.

    Liked by 3 people

    • Trump Train says:

      My company could put 7 guys to work within 2 weeks if we could find them. There are literally millions of Americans who have never experienced an economy like this. The only other 2x in modern history was Reagan of course, and part of the Clinton years due to the fake dot com deal.

      This exactly what I expected from Trump and it would be 2x better if he wasn’t obstructed by the left, communist courts and GOPe

      Liked by 2 people

  35. woohoowee says:

    I will be the best jobs president that God ever created Then-candidate Donald J. Trump

    Like

  36. Pingback: The BLS unemployment rate dropped to 3.9% – IOTW Report

  37. Frank says:

    Wage stagnation was one big reason why I left trucking years ago and went back to school to learn something else. It all worked out well for me, but it still makes me mad to think of how poorly truckers were/are treated. Maybe now the companies will be forced to treat their drivers like they matter. The idiot globalists may glare and scream about it, but we gon MAGA anyway. No brakes!

    Liked by 1 person

  38. bkrg2 says:

    Please Mr President I can’t take all this winning!
    One of my favorite campaign quotes

    Like

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