November Employment Report: 155,000 Jobs Added – Wage Growth 3.1%…

The Bureau of Labor Statistics (BLS) has released the latest jobs report for November.  The U.S. economy created an additional 155,000 jobs.  The unemployment rate remains 3.7%.  The annualized rate of wage growth is 3.1%.   All good MAGAnomic news.

It’s a little funny to see the pontificating naysayers worry over results that are structurally solid and fundamentally strong.  If you had told those same knuckleheads a year ago that wages would be growing 3.1% they would have been stunned at your audacious optimism.

Things are going swimmingly. Exactly as predicted.  Wall Street (paper economy) is reacting based on an entirely new economic landscape.  Main Street USA (read economy), the Blue/White collar middle-class, is dancing and singing carols en-route to buy the fancier set of Christmas decor this year… Who’s better than our economy?  Nobody, baby, no-body…  Throw them ju-ju bones out the windows.  Here’s the data:

BLS Report: Total nonfarm payroll employment increased by 155,000 in November, compared with an average monthly gain of 209,000 over the prior 12 months. In November, job gains occurred in health care, in manufacturing, and in transportation and warehousing. (See table B-1.)

• Health care employment rose by 32,000 in November. Over the year, health care has added 328,000 jobs.

• Manufacturing added 27,000 jobs. Magic Wand manufacturing employment has increased by 288,000 over the year, largely in durable goods industries.

• Employment in transportation and warehousing rose by 25,000 in November. Over the year, transportation and warehousing has added 192,000 jobs.

• In November, employment in professional and business services continued on an upward trend (+32,000). The industry has added 561,000 jobs over the year.

[…] In November, average hourly earnings for all employees on private nonfarm payrolls rose by 6 cents to $27.35. Over the year, average hourly earnings have increased by 81 cents, or 3.1 percent. ¹Average hourly earnings of private-sector production and non-supervisory employees increased by 7 cents to $22.95 in November. (See tables B-3 and B-8.)

¹ Wait, that means blue-collar line-level workers have wage growth exceeding the rate of their bosses.  Isn’t that the redistribution goal of Elizabeth Warren, Bernie Sanders and the worker-wing of the Democrats?  Yet it’s happening organically, a result of MAGAnomics. Yup, affirmative and…. yes.  Funny that. {{WhaShuFu}}

Yep, the upward value of labor flows naturally along the path of greatest labor need.

Making Main Street economic common-sense great again.

You see, quite simply, MAGAnomics reverses the thirty year dynamic previously described:

REMEMBER […] there had to be a point where the value of the second economy (Wall Street) surpassed the value of the first economy (Main Street).

Investments, and the bets therein, needed to expand outside of the USA. hence, globalist investing.

However, a second more consequential aspect happened simultaneously. The politicians became more valuable to the Wall Street team than the Main Street team; and Wall Street had deeper pockets because their economy was now larger.

As a consequence Wall Street started funding political candidates and asking for legislation that benefited their multinational interests.

When Main Street was purchasing the legislative influence the outcomes were -generally speaking- beneficial to Main Street, and by direct attachment those outcomes also benefited the average American inside the real economy.

When Wall Street began purchasing the legislative influence, the outcomes therein became beneficial to Wall Street. Those benefits are detached from improving the livelihoods of main street Americans because the benefits are “global”. Global financial interests, multinational investment interests -and corporations therein- became the primary filter through which the DC legislative outcomes were considered.

There is a natural disconnect. (more)

If you understand those basic concepts and tenets; and you apply what POTUS Trump is doing to reverse that hollowing out of Main Street; then you can clearly understand what is going on in the Wall Street stock market, right now.

CTH has been discussing this since candidate Trump came down the escalator in 2015 and explained his priorities.   In essence, Trump threw a wrench into the multinational machine that was exporting U.S. wealth.  It is simple common sense to know the direct result of that action would be a massive gut-punch to the financial benefits of the multinationals.  That’s what’s happening.

Main Street is booming; and Wall Street is suffering.

Wall Street is suffering because their investment model was built upon exploiting an international trade and economic system that was based on exporting U.S. wealth.

President Trump is stopping this global export of U.S. wealth.

It really is that simple.

This entry was posted in Big Government, Decepticons, Donald Trump, Economy, energy, Environmentalism, European Union, media bias, President Trump, Uncategorized. Bookmark the permalink.

43 Responses to November Employment Report: 155,000 Jobs Added – Wage Growth 3.1%…

  1. Excellent post friend, but I’m going to need a little help on {{WhaShuFu}}?
    🙂

    Liked by 2 people

  2. woohoowee says:

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

    Thank you, President Trump45! Merry Christmas, everyone 🙂

    Liked by 14 people

  3. I think Wall Street might be reacting to the nearing Dem takeover of the House. All other indicators are positive except the Dem takeover. All this China trade uncertainty is just cover for a market correction. They have to know Trump will bring home the bacon on trade with China. It’s one of his flagship promises.

    Liked by 8 people

    • davidb says:

      I prefer tariffs over trade agreements.

      Liked by 2 people

      • Dutchman says:

        Me, 2 actually. IF, and its a BIG IF, China does eventually agtee to play fair, and is bound up in trade agreements which preclude cheating, its gonna take dragging them, kicking and screaming,…in short wecain’t there yet,…THEY ain’t there yet….and I have my doubts they ever will be.

        My doubts are with China, NOT VSG.

        Liked by 1 person

  4. Publius2016 says:

    3.1 with wild fires and raising interest rates? WoW!

    Liked by 9 people

    • Ospreyzone says:

      …and don’t forget hurricanes.

      Liked by 2 people

    • fleporeblog says:

      SD is absolutely right!

      Folks when you get down to the nitty gritty of today’s Job Report, don’t get caught up with the 155K new jobs. The report was absolutely incredible for Blue Collar workers!

      Here is a thread that really does a fantastic job of breaking it down with charts and graphs.

      Charles Payne has also done an incredible job of showcasing how everyday Americans are winning!

      Don’t take my word or SD’s word for it, even this guest on CNN had to destroy the Left’s talking points!

      Liked by 4 people

  5. Dazza says:

    Didn’t you hear, you can’t say that with bacon now, it’s “bring home the bagels”
    LOL

    Liked by 2 people

    • Shelley Keith Childs says:

      …stuffed with cream cheese and bacon!

      Liked by 3 people

    • tonyE says:

      We got together for a family Sunday Dinner on Thursday last night.
      Breakfast.
      A stack of smoked american bacon slices; McMuffins with Canuck bacon, eggs., American Cheese; two lbs of baked brie; one pound of liver pate with truffles; roasted veggies; a mound of a variety of apple slices; a stack of bread buns and big platter of very cheesy scalloped potatoes. Plus two bottles of good California Zinfandel and excellent dessert.
      Excellent.
      We love pork and cheese. 😉

      Like

  6. magatrump says:

    Excellent News!!! MAGA KAG

    Liked by 2 people

  7. pyromancer76 says:

    This economic transformation including trade reset plus energy independence (for the next 100 years) were the very basic, most essential, what we absolutely could not do without, transformations that a successful Constitutional Republic President had to accomplish – had to accomplish. Without these – TOAST..

    There are others — voter fraud (one citizen, one vote, honestly) and borders (the wall). I also want the deep state swamped by law abiding citizens and our law enforcement, but without the absolute fundamentals, we weren’t going anywhere

    We can hardly be grateful enough to our magnificent President. And thank you, Sundance, for keeping the fundamental economic details before us.

    Liked by 2 people

  8. chojun says:

    Since Wall St. is a reflection of the Global economy (or globalist investment into the US economy and vice-versa), it makes sense to observe what the Stock Market has been doing lately.

    Liked by 2 people

    • railer says:

      Well lately, over the last 2 years, the stock market is up about 40%. Over the last year or so, it’s nearly flat, so the 2 year performance averages out to about 20% per year.

      Like

  9. Maquis says:

    Sundance may have tossed out the ju-ju bones, but he’s clearly doing some kinda voodoo victory jig!

    MAGAAAA!!!!

    Liked by 2 people

  10. Mr_Henry says:

    I was thinking we could play a game. We all know there is a shortage to truck drivers right now. What’s the biggest publicized signing bonus or training package you’ve seen and where was it?

    In Chicago land, I saw an ad for $7500 signing bonus. Green Bay companies are offering paid CDL training and $2000 signing bonuses.

    What are you seeing in other regions?

    Liked by 2 people

    • Robert Smith says:

      How hard is it to become a truck driver/get a cdl …shouldn’t people be knocking down the doors of training schools?

      Are they all sitting in some Psychology 101 class (Psychology lol) instead?

      Liked by 2 people

      • Mike says:

        I am a truck driver, it is not an easy job, long hours, weeks to months at a time away. Many people who start truck driving school don’t make it and a significant percentage who do end up getting a CDL can’t hack it and end up out of the industry within 6 months.

        Like

    • LafnH20 says:

      Mr. Henry, it does seem too good to be true, huh.
      In “Trucking” “”All”” is not what it seems…
      For instance..
      A “Signing “Bonus” is code for..
      A “Retention Bonus”.
      As nearly all “Driving positions” are “At Will” employment, it would be unwise to give someone $5000, when by contract, they could leave your employ on day 2.

      $5000 “Signing Bonus” usually goes something like this…

      $500 1st check. True Bonus. WOW😎
      $500 @30 days. 😎
      _______________
      $1000 Day 1 – 30
      Average +$33.33/day. 😎 😎
      If You last that long.

      $500 @90 days. Day 31 – 90
      Average +$8.33/day. “Free Meal Deal.”
      If You last that long.

      $500 @180 days. Day 91 – 180
      Average. +$5.55/day. “Sandwich only.”
      If You last that long.

      $3000 @1 year. Day 181 – 365
      Average. +$16.66 😎
      If You last that long.

      Guess how long the average “Driver” lasts with an employer…

      https://www.trucking.org/article/Turnover-Rate-at-Large-Truckload-Carriers-Rises-in-First-Quarter

      Hint… More than a month…
      less than one year… on average.

      If you sign a contract for “Free CDL Training” it usually comes with a 1 year commitment “TO” the “Carrier”. And “IF”, you indeed, last 1 year..
      You get the full “Bonus” + the training.
      Super!!
      If you lose your “CDL Privileges” (too many ways to mention) or leave before 1 year.. for ANY reason..
      You get to pay for the “Training”.. which will dwarf what you’ve received in “Bonuses”. And take some of your $Pay as well. 🤔 Assuming you’ve any tucked away.

      No such thing as a free lunch, my friend.
      They aren’t paying $60k to hold the steering wheel and look out the window… Believe me!!

      Like

  11. Rock Knutne says:

    155,000 jobs added…and next week it will be revised to somewhere around 190,000.

    Funny ain’t it how when Hussein was in office the numbers were always stated at the higher number and then revised quietly a week later to the real numbers. Usually a drop of about 40% or more.

    Liked by 2 people

  12. Trump Train says:

    Trump killing it on the economy, sad it will die in a fire in 2021

    Like

  13. Doppler says:

    Big message for the masses (instead of the economists):

    1. Still adding jobs.
    2. Wages rising at 3.1%
    3. Line workers salaries rising faster than their supervisors.

    This message should resonate equally with Trump’s blue collar workers, and with Dem workers pursuing a basic work ethic to get ahead. Just walk away, folks, join Trump and grab yourself a piece of the rock.

    Also, this makes a pretty good response to socialist/globalist knuckleheads who want to raise carbon taxes. Why not support policies that raise wages (and not by minimum wage laws).

    Liked by 1 person

  14. Donna in Oregon says:

    Proof our economy is chugging along. That’s why I don’t believe the excuses about the Chinese tariff’s or the Interest Rate hikes by the Feds for this past dive.

    I believe it is worry by the Globalists and the Swamp that the first arrests have been made for the Panama Papers and (bonus) a Chinese cheat got arrested for illegal deals with Iran.

    The collective shudder has just begun….IMO

    US COMPANIES DODGE $70 BILLION A YEAR IN OFFSHORE TAX HAVENS
    https://www.newsweek.com/us-companies-dodge-70-billion-year-offshore-tax-havens-712411

    Like

  15. Ospreyzone says:

    Don’t worry too much about the stock market.

    If there’s one thing I learned from working years in a successful corporation, it is this – Take care of your business and the indicators will take care of themselves. Sadly, it’s one of the hardest axioms for corporate executives to accept. The temptation to manage the indicators is a very strong force.

    Dow Jones year-to-date gains are about 2.8%. This anemic performance is well-explained by Sundance, as being largely caused by that space between two entirely different sets of economic engines struggling to drive our economy. There is however, another dynamic influencing year-end stock prices, and it has to do with indicators.

    Investment managers are critically judged at the end of the year by how close they came to meeting or exceeding (Dow performance). This is their last chance to take profit (sell) and they are darn-well going to do it before the hammer drops. “Taking profit” causes the year-to-date DJIA metric to fall, while their investor’s performance (in comparison) rises. I expect every bit of profit will be squeezed out before the Christmas holiday, because it’s just the natural way of things. When you boil it down though, it’s just old-fashioned “managing the indicators.”

    Liked by 1 person

  16. The general Main St. vs Wall St. dynamic Sundance has been describing over the last few years is spot on. However, we cannot pretend like there will be no day of reckoning owing to the gigantic bubble that was blown over the last 10 years. Part of the reason the Wall St economy holds such sway over Main St is that because of rock bottom interest rates and other reasons, Main St. now sees its retirement almost entirely dependent on asset prices.

    401Ks, penison funds of all stripes, home prices, and so on, all must be kept at stratospheric levels or else the Boomer Generation can’t retire. In order to do this, Wall St, in concert with Central Banks have kept rates low and flooded the planet with money and debt to keep asset prices high. This cannot last forever, and indeed there are signs of a 2008 redux, which was always inevitable since the problems which were revealed then were never solved.

    In other words, the paper economy will be destroyed. But it will not be some seemless transition away from a Wall St.economy. Trump’s MAGAnomics are setting the foundations for the flourishing of the Main St economy in the future. The issue is that Main St will also be destroyed by the collapse of the paper economy. This will NOT be Trump’s fault, but it can easily be blamed on him since he will be in office. To this end, Trump loudly criticizing the Federal Reserve will help him on a strictly political level. But the key to all of this will be if Main St can see past a declining 401K and home price and reject Wall St. when it comes back around asking for a bailout and the permission to fuel yet another bubble. Then, and only, then will the seeds Trump is laying will start to bear fruit.

    Like

  17. kea says:

    Saw MSM saying fewer jobs this month.

    Now if only the stock market would kick it into gear again!!!!

    Like

  18. Gary Ingle says:

    Remember y’all, Trump is only about 25% done with deal! MAGA!

    Like

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