MAGAnomics – Incredible 2,617,000 Jobs Created in 2018…

Jobs, jobs, jobs.  Stunning jobs data provided today by the Bureau of Labor Statistics (BLS) [see here] all 50 states had significant job gains through November 2018.  Not a single state had a negative job growth number.

Total 2018 growth in U.S. jobs through November is:  2,617,000 new jobs.

Eighteen states had significant jobless rate decreases from a year earlier; and with the national unemployment rate at 3.7 percent 32 states (and DC) had little or no change.

(Data Link)

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This entry was posted in Big Government, Big Stupid Government, Donald Trump, Economy, media bias, President Trump, Trade Deal, Uncategorized, US Treasury, USA. Bookmark the permalink.

83 Responses to MAGAnomics – Incredible 2,617,000 Jobs Created in 2018…

  1. fleporeblog says:

    One of our President’s greatest accomplishments will be that he truly was the JOBS President for all Americans!

    Liked by 35 people

    • Astro says:

      Idle hands do the Devil’s work; and, the President is keenly aware.

      Liked by 11 people

    • michaelh says:

      The best anti-poverty plan ever created is a J-O-B!!!

      Liked by 18 people

      • Newton Love says:

        > “The best anti-poverty plan ever created is a J-O-B!!!”

        Not a “shovel ready” job! PDJT moves the economy to create real, good paying jobs, with rising income!

        Liked by 6 people

      • farmhand1927 says:

        Go tell it on the mountain!

        Spread this wonderful news to all you know. Well over 2 million Americans found work this year! Many of those Americans have children and families to care and provide for.

        This news is a Christmas Blessing for households across our nation. The media won’t talk about good news for The Forgotten Men and Women because good news for our families, neighbors and communities is bad, bad news for the Uniparty Marxists. Media moguls refuse to celebrate this news with us because their morbid, wretched, corrupt souls are angry that instead over 2 million people didn’t lose jobs this year. Now that would be news the ghouls would raise a glass to.

        Don’t allow anyone to rob your mind and spirit of the positive news that’s all around us. Keep your Christmas merry and once the new year arrives, we’ll fight onward. Christmas gives us a chance to retreat from the front lines for an ever so brief passing of time to refresh and renew our faith and our family connections.

        Liked by 6 people

      • Dee Paul Deje says:

        “A 3-letter word: J-O-B-S”
        Joe Biden

        Liked by 1 person

    • WES says:

      Flep: I said to myself as I was clicking on this article that you would be the first person to comment! Sure enough! Just like grandma’s prayer is the first poster on each days Presidental thread!

      Liked by 3 people

    • fleporeblog says:

      This is all happening with the Federal Reserve doing everything they can do to stop 🛑 it in its tracks. On top of all the interest rate hikes that have occurred in his first two years as President (8 total versus only 2 in BHO’s 8 miserable years), the Federal Reserve has also reversed the Quantitative Easing by removing $50 billion dollars a month from its balance sheets.

      https://news.yahoo.com/powell-said-seems-troubling-markets-181403220.html

      From the article linked above:

      Fed Chair Jay Powell may have picked a bone with the markets by doubling down on the central bank’s plans to continue shrinking its balance sheet.

      Minutes into his press conference on December 19, Powell was asked if the Fed is looking into altering its strategy of undoing quantitative easing by allowing its massive holdings of Treasurys and mortgage-backed securities to mature off the balance sheet.

      “I think that the runoff of the balance sheet has been smooth and has served its purpose and I don’t see us changing that,” Powell said, adding that interest rates would continue to be the “active tool of monetary policy.” When Janet Yellen kicked off the unwind process at the end of 2017, the Fed outlined its intention to let the roll-off occur on “auto-pilot” with no promise of reverting back to quantitative easing — unless there were a “sufficient” negative shock to the economy.

      Yet we are still on course for the first time since 2005 to achieve a 3% real annual GDP rate in 2018. Our President will accomplish what BHO wasn’t able to do in 8 miserable years in his 2nd year.

      Liked by 11 people

      • WES says:

        Flep: I am not so sure that the Fed slowly raising interest rates isn’t also part of Trump’s MAGA plan to shift the focus from Wall Street back to main street. (Part of Powell’s job description is to ignore all of President Trump’s barbs!)

        Rising interest rates help savers and pensioners on main street the very people hurt by the globalists under Obama’s zero interest policy! Rising interest rates hurt the globalist far more than main street simply because Wall Street’s fake financial economy is much larger (10X?) than main street’s economy is!
        i

        Liked by 5 people

        • fleporeblog says:

          WES I absolutely see your point but my only argument is that it hurts the housing market because rates will be higher. However, one could argue that with higher wages and better paying jobs, it will be a minimal effect.

          Liked by 3 people

          • WES says:

            Flep: Unfortunately the housing bubble is bursting. This is a two edged sword! It hurts people wanting to sell but in the longer run it helps restore housing prices towards prices that new buyers can afford based upon the wages they can make. Right now housing prices are way out of wack with main street’s economy. This price mis-match is the direct result of zero interest rates under Obama.

            Housing was never meant to be something one speculated with! Housing was always meant to be a place where people lived! It has been government money printing that has created the illusion that housing prices are increasing! Housing prices haven’t increased! The value of money has decreased! You need more wheelbarrows of paper money to buy a house!

            When our forefathers built a log cabin 300 years ago it did not go up in price each year! It went down in price because the house started to fall apart and rot! In time one had to build a new house!

            I remember my Grandfather telling me that he helped out an elderly farm widow neighbor of his in 1949 by buying her 100 acre farm for $5,500 the same price that she had paid 50 years earlier in 1899! That proves that there wasn’t always rising housing prices in the past! How quickly we forget our history!

            Basically the housing bubble bursting is like destroying the village in order to save it! It has to be done sooner or later! It hurts just as much either way!

            The only consolidation is that rising interest rates hurt Wall Street’s fake financial economy ten times harder than main street! At least main street has more jobs! However there is no upside for Wall Street! There will be fewer jobs for the globalist’s Wall Street lackies!

            Trump is simply cutting Wall Street down to their proper size! They grew too big for their britches!

            Liked by 8 people

          • Louis Genevie says:

            It hurts autos as well as housing; both are interest rate driven.

            Like

        • WES says:

          Flep: Recently I have begun to wonder about the true relationship between Trump and Powell!

          Between Fed meetings Trump says Powell is a good man! Then the week before the Fed meeting he shoots a quiver full of arrows at Powell!

          Just in the last week or so Trump became very vocal that he is a low interest guy and the Fed had better not raise interest rates!

          He became so loud that I began to wonder if this was a signal to Powell that he was directly over the target and to hury up and drop the dam bombs!

          Liked by 4 people

          • Louis Genevie says:

            You are forgetting that the Wall Streeters short the stocks as they go down, making a ton of money that way, while main street retail stock owners typically get scared and sell at a loss.

            Like

        • SharkDiver says:

          Absolutely not! Trump does NOT want to see higher interest rates until there are signs inflation is picking up. The market drop is all about increasing uncertainty in the global economy. I will agree, however, that the higher rates are nice for those of us that have been liquidating equities and moving into fixed fixed income investments until things settle.

          Liked by 2 people

          • jnr2d2 says:

            Except, as interest rises the principle of your bonds declines. 10% rise in interest ie; from say 4 to 4.4% reduces your bond value by 10%. No win situation.
            Every Republican president since Carter, the FED has engineered a recession in the first or second year. In Bush II they did it in the beginning and the end! Never happens to DEM Presidents!!

            Like

            • David A says:

              Only if you are speculating on the bond, vs holding it to maturity.

              Yes, easy money helped created the EXTREME rise in housing in several ways, the obvious – creeper finance for you and me, but unfortunately cheeper for the R.O.W. as well, and foreign money, having few viable investment options in the Obama economy, flocked to US housing – driving up the cost well above what citizens could afford, and often removing the rental dollars from the US economy. And state governments, being short-sighted like government is, only care about increasing property tax income. Residential property is another government blown bubble, due for a correction.

              Liked by 1 person

          • WES says:

            SharkDiver: If you created the amount of new credit (debit) money and kept interest rates at zero as the Fed did under Obama for at least 8 years would you not reasonably expect to see some inflation?

            I think most of us would say Yes! You simply can’t print that large amount of money and not affect prices somewhere! Something has to give!

            From 1960 onwards, particularly in 1970, we have been pre-conditioned to seeing rising prices for all of the things we need to live.

            However this last round of credit (debit) creation went mainly into Wall Street’s fake financial economy! Only Wall Street had access to this new credit!

            During the last decade did you receive unlimited amounts of free money at zero interest rates to do with whatever you wanted too? Of course you didn’t! Your pockets were as empty as mine were!

            Today what we see are all the bubbles that Wall Street blew with that credit! Housing! Stock market! Bond market! Derrivatives, those weapons of mass distraction! This is the end result of Wall Street’s fake financial economy becoming larger than main Street’s economy!

            You know dam well in the real world this should be impossible! How can there be more money on Wall Street than there is on main street?

            Well it certainly can be done if you 100% control the Fed and all of the federal government! We have seen it with our own eyes!

            Liked by 1 person

        • chojun says:

          I agree with this take. I think the Fed is between a rock (Obama’s inept economic policy) and a hard place (Trump economy running on rocket fuel).

          Obama inflated the stock market via QE. For the past 10 years the equities market really became completely detached from reality. At some point the market would need to come down to earth. I think the Fed has decided that now is the time to do that.

          People have become conditioned to the idea that Stock Market performance is *THE* indicator of the strength of the economy. It’s just not true anymore under Trump. I think the Fed is going to be creating a situation in the near future where the bond market is going to be much healthier.

          Like

        • amwick says:

          This market reconciliation is not helping retired people. Companies did away with pensions, and 401ks were encouraged. I am sick of this.

          Liked by 1 person

          • jnr2d2 says:

            Now a 201!

            Like

          • WES says:

            Amwick: What you are forgetting is that under zero interest rates people like me were totally destroyed! I am one of those lucky people who has no pension except for what I saved and I saved very hard all of my life right from my first pay check!

            Zero interest rates reduced my income to zero! My interest income fell to zero! Not only that but any dividend paying stocks fell from $20 to a few cents when the companies all cut their dividends to zero!

            So not only did I lose my all of my income, I also lost most of my capital too that took me a lifetime to save up!

            This lack of income for the last 10 years has forced me to liquidate what little savings I have still have left! Zero interest rates always destroys capital and people’s savings!

            If you have been working for the last 10 years then you have been oblivious to what has really been happening to savers and seniors! Zero interest rates has been killing seniors!

            The problem of seniors running out of money will resolve itself sooner or later as we die off never to be heard from again!

            Liked by 1 person

            • amwick says:

              I did the same thing… I financed my own retirement.. and used a huge company, very highly rated to manage it.. Mixed portfolio, yada yada yada… I am an average person, this is how many retired people set up their own retirement funds.. We are not investors, we are savers.. The government offered tax percs for your 401K, so they encouraged this big time… I feel like you do, that retired people have been kicked in the shins… because we don’t matter..and I am not blaming VSGPotus….. just mad in general…

              Liked by 1 person

          • peace says:

            Yes, and the 401K’s are now losing all their gains. The average middle class worker is feeling the pain from this.

            Liked by 1 person

            • amwick says:

              Yup…. and the x worker, the people that retired.. annnnnnnnnd don’t forget, we, as an age group got hit the worst with the health insurance disaster. THose last five years from 60 to 65 are a doozie..

              Like

        • swampratterrier says:

          People can pull out of Wall Street (the Big Boys Club) and earn a real return by investing in credit unions.

          The Fed is Dead. After more than a decade of abuse by the banking system, more Americans than since their grandparents time do not want to borrow debt for anything.

          Stuff that Jay Jay Powell the 3rd.

          Like

        • thedoc00 says:

          The problem is the majority of real savers were forced into the equities market by Obama’s and Yelen’s activities. Long term savers are being wrecked by the same process bringing back traditional savings mechanisms. There will be allot collateral damage purposely caused by Wall Street in this battle to discredit the President, ask anybody with an IRA or 401K type saving product.

          The President needs to kick Whittaker in the butt, to deploy the SEC and FTC to combat the rampant market manipulation being used by the Short Term and Day Traders on Wall Street to create the wild volatility pattern we are seeing on daily basis.

          Like

      • Think of interest rates – market driven interest rates – as the pulse of the economy. Capitalism’s besting heart.

        Obama’s phony recovery was propped up by printing massive amounts of money and zero percent interest rates that were effectively negative. IOW the Fed was paying banks to borrow money. All that free money inflated a stock market bubble.

        Now that the economy is returning to life the Fed is removing the life support that created the appearance of a recovery under Obama. Rising interest rates (which are being pulled by the market) and a deflating stock market bubble are GOOD things.

        Let not your heart be troubled.

        Liked by 1 person

      • He should be fired for trying to stop the economy!

        Liked by 1 person

    • Carthoris says:

      Well not really for all Americans as he fired McMasters, Tillerson, Sessions, Kelly and Mattis. But they will probably all go work for one Soros funded group or another, so they should all be financially OK.

      Liked by 1 person

    • Sayit2016 says:

      ok The average Americans pay approx 9 K in Federal taxes, @ approx 2.6 million new jobs is what 24 B into the Treasury?

      Liked by 1 person

    • Sam says:

      The Greatest Jobs President That God Ever Created – DJT

      Liked by 2 people

    • FrankieZee says:

      Meanwhile the Pravada press is starting to talk about an upcoming recession. And then to top it off, the FED is trying to destroy the economy.

      Liked by 1 person

  2. simicharmed says:

    “People know this world is a wreck, they’re sick and tired of being politically correct”

    Enjoy –

    Liked by 2 people

  3. snarkybeach says:

    my state doesn’t even chart… we have an idiot Dem governor who believes that suing businesses and expanding medicaid will create economic growth.

    Liked by 1 person

  4. Brant says:

    And a few dozen jobs have been lost out of DC. Me likey that part. Hopefully the ones “lost” in the House is a temporary set back……that is if the GOPe get off their duff…..or as probably will happen, you can pretty much predict they will be surprised and blindsided again in 2020.

    Liked by 2 people

  5. Can PDJT get rid of the Fed with an EO?

    Liked by 2 people

  6. Carthoris says:

    The very best job creation the President did this year, although it won’t take place until early next year, is creating a job for someone as Secretary of Defense. McConnell has already said he wants that job to be filled by someone who thinks just like Mattis, but I don’t think President Trump is going to offer that position to Hillary or Jeb! or W or Obama or any of MConneel’s other globalist and global warming cultist friends.

    Liked by 6 people

  7. Schmitty says:

    Markets bottom March 2020… stay away til then

    Liked by 1 person

  8. Kent says:

    …am I ‘read only’?….a screaming popup tells me this site is insecure and a security scan is in progress or some such….never seen that on any other website or this one for that matter…until…a few weeks ago..and only on this website…

    ..am I persona non grata? ….

    Liked by 1 person

    • Kent says:

      …but only when I post..

      Like

    • Newton Love says:

      No, you’re fine. One of the adverts (or something) that CTH loads is running a script that eventually pops up that message, hoping you will fall for their fraud.

      When it happens, close that tab (or window) and reopen the link from CTH’s home page of the day.

      I found a work around. When the CTH page loads (or reloads after a post) let it get the text and video stuff loaded, and then click the “X” where the reload symbol is. That will tell the web page to stop reloading. The hacker link doesn’t pop up on me any more.

      Like

  9. James Street says:

    It’s hard to let go of the old belief that the political class is smarter than us.
    One of “us” gets in and runs circles around them.
    They aren’t smart. They’re just evil. And well connected.

    Liked by 3 people

    • Newton Love says:

      And they have dozens of staff researching everything, and feeding that to the pol for them to speak. It creates an illusion that they are smart.

      We Treepers do our research ourselves.

      Liked by 2 people

  10. czarowniczy says:

    2,617,000 more workers for the Democrats to feed off of! Wheeeeee…….

    Liked by 1 person

  11. Sayit2016 says:

    So so so so many negative comments and speculation…..tisk tisk…

    Liked by 1 person

    • Michael Todaro says:

      Sayit2016 is correct. Commenters seem to getting very cranky lately. Perhaps it’s the spirit of the season, nothing new really. MAGA/KAG !

      Liked by 1 person

      • Jake says:

        Everyone is waiting for another big win. Haven’t had one in a while. Natives are getting restless…..

        Like

        • Schmitty says:

          Markets will be in turmoil into mid 2020 based on energy/momentum waves starting from 2009. Markets bottom Mar-Jun 2020 & Real Estate bottoms in mid 2021… heads up… you ask where’s my proof… I shorted XRT at $50/share… shorted AAPL in August, shorted QQQ in August, Shorted AMZN as well… like trump said if Dems win the house… they will seek to remove all he has done… he was telling the truth… markets will be erased horribly… and to top it off the FED will NOT step in to save the banks or real estate this time… so be very cautious over the next 2 years

          Like

    • amwick says:

      This has been a trying week.

      Liked by 2 people

  12. Unfortunately, 2018 midterm results showed those numbers didn’t matter…

    Like

  13. Piggy says:

    Anyone got the definition of “jobs created”? Please not a dictionary definition or Herpes Hillary creates bleach bit jobs.

    What is the definition of the term that the government uses? Does it also mean people were hired for these jobs?

    I have been on the BLS website and I must have fish eyes because I can’t find these answers or just not familiar with their website.

    Trying to understand these stats.

    Thanks

    Like

  14. Justice Warrior says:

    Amazing! Who’s got the magic wand? Trump that’s who!

    Liked by 1 person

  15. Dazza says:

    Who’s yo Daddy, Odumbo?

    Doesn’t look remotely recessionary to me!!

    The Dem media complex are driving a gllom and doom narrative on the economy and markets that is fake news!!!

    Like

  16. kea says:

    Don’t forget Gas prices at $1.95 😀

    Liked by 2 people

  17. Pyrthroes says:

    Mute media for the duration, cue fiddles and hornpipes! We are all jolly sailors now.

    Liked by 1 person

  18. zozz1 says:

    As SD laid out in a recent piece, the hedge fund folks (Wall Street) are bettors, not investors. They love volatility…it is Nirvana to them. Up or down, they can make pots of money, while Main Street scratches it’s head and wonders at the market’s decline when the economic news is so good. We have investments, and we don’t like to see them sliding down due to what amounts to manipulation of the market. Must be fun to sit on the Fed and watch what happens when you push this lever or that ….

    Liked by 2 people

    • thedoc00 says:

      The Fed is NOT the motivating force driving the Wall Street manipulators. If that were the case the volatility would not have the patterned wild swings seen on a daily basis. It would be a much smoother trend lines up or down as the Fed actions are constants and known. This is manipulation at its worst using non-economic data to drive the market down, then create massive buy-in and have the use market force of mass sell-off’s and non-economic data to drive it down again. The pattern is there if anybody cares to look at it.

      This is killing the concept of long term investment for except the major monied class, until the political environment desired is achieved, such as: NAFTA, TPP, or super cheap immigrant labor in subsidized states like CA and NY.

      Like

  19. bundydad901 says:

    Thank you Barack! /S

    Like

  20. ATheoK says:

    Therein lies the entire problem with the Federal Reserve!!

    Federal Reserve inflation concerns are all hinged upon the unemployment rate. For decades, the Fed has tried to maintain a 6% to 6.5% unemployment rate.

    Maintaining a pool of hungry workers keeps wages low and people on edge that they could be laid off or dismissed into an employment market with a ready surplus of eager workers.
    * Salaries are kept stable.
    * Benefits are kept stable.
    * Unemployment is kept low enough that the nation’s GDP grows at a slow steady rate.
    * Employees are more malleable and less resistant to business changes.
    * Prices are kept stable.
    * Inflation is controlled.

    This report is from 2013, but if one searches archives one can find unemployment concerns prior to Greenspan’s tenure.

    The Federal Reserve predicts it will keep interest rates at record lows until the unemployment rate falls to 6.5%. But just how many jobs will it take to get there?”

    “How to get to 6.5% unemployment
    by Annalyn Kurtz @AnnalynKurtz January 4, 2013: 2:10 PM ET”
    https://i2.cdn.turner.com/money/dam/assets/121213072559-chart-fed-projection-tablet-large.jpg

    Nothing panics the Federal Reserve quicker than sharply lower unemployment rates.
    As far as I know every Federal Reserve Governor is a believer in 6% to 6.5% interest rates.

    Federal reserve solution to low unemployment?
    Sharply raise the interest rates!
    Of course, to the Federal Reserve, a “sharp interest rate increase” is 0.25% per quarter.

    Unfortunately lenders understand all too well that the Fed will raise interest rates every quarter until they see a move to higher unemployment rates.
    Lenders lose money when they loan money at an interest rate that will soon be well below next year’s interest rate.
    e.g.; A house or business loan that is based upon the inter-Bank interest rate plus 0.5% to 1.0%, that ties up tens of thousands of dollars at 2016-2017 interest rates when lenders could make new loans at interest rates several integers higher.
    Especially when inflation reduces the value of those loaned dollars versus current actual value of those dollars.

    e.g. 2; A thirty year $200,000 loan at 5% interest rates during inflation rates under 2%, secures real property.
    Five or more years into the loan period, bank loan rates may be 7% or higher while inflation rates are higher than 2%. Hence the value of each dollar is significantly weaker while earnings could’ve been higher.
    All while the real property value has kept pace or exceeded with inflation.

    Lenders are likely pushing adjustable rate mortgages without caps, so they can get the benefit of higher rates.

    Summation:
    Lowest unemployment numbers across the board equals highly panicked Federal Reserve members and banks.
    According to the Federal Reserve, the country’s inflation problems are controlled via the unemployment rates.

    A solution requires that Trump identify an alternative strategy to 6.0% to 6.5% unemployment rate and that he select Federal Governors who accept and promote the new strategy!
    Trump’s current Federal Reserve Governors are all believers in 6.0% to 6.5% interest rates, which serve business not citizens.

    Like

    • thedoc00 says:

      The eye opening part of your comment is the Fed Parameters used in their models. When I was in ECON Classes in 1975, these were the very same factors in the math models we studies. That reinforces the point about the Fed being way out of tune with the reality of the modern economic environment.

      Like

      • Jake says:

        Correct if I’m wrong but I thought I read on CTH that energy, specifically gas prices, are not included in the inflation calculation. It’s currently half of what it was in the Obama years. Too bad that’s not part of the FED calculus on inflation.

        Like

  21. Flannigan McGaffigan says:

    The 2,617,000 would be WAY BIGGER if it was the total jobs SAVED OR CREATED.

    Like

  22. thedoc00 says:

    It also needs to be stated that these jobs are not the Obama hamburger flippers but are primarily professional and skilled positions with growth potential. The people moving into these jobs are actually tax payers.

    Like

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