MSM Noticing MAGAnomics Benefits Mostly Middle-Class, While BLS Job Openings Still Outpace Workforce…

While the MSM financial/wage reporting is two days apart from the BLS “JOLTS” release on job openings, the relationship is direct and connected.

CNBC is noticing the upward wage pressure is focused heavily on the middle-class workers and lower end of the labor market; another KPI (Key Performance Indicator) the economy is stronger than most financial pundits are admitting:

CNBC – The recent jump in paychecks has come with an unusual characteristic, as workers at the lower end of the pay scale are getting the greater benefit.

Average hourly earnings rose 3.4 percent in February from the same period a year ago, according to a Bureau of Labor Statistics report last week. That’s the biggest gain since April 2009 and seventh month in a row that compensation has been 3 percent or better.

What has set this rise apart is that it’s the first time during an economic recovery that began in mid-2009 that the bottom half of earners are benefiting more than the top half — in fact, about twice as much, according to calculations by Goldman Sachs. The trend began in 2018 and has continued into this year, and could be signaling a stronger economy than many experts think. (cont.)

[I’ve got to laugh a little bit: “the trend began in 2018“… well, um, Duh]

We already pointed out the specific nature of this wage increase [SEE HERE] along with the dive into the rate of inflation, so we won’t duplicate the explanation again.  However, the basic backstory is how Trump’s MAGAnomic (Main Street) policies focus on, and deliver, greatest benefit to blue-collar workers.  This is the exact opposite of the trend created by politicians selling Wall Street policy over the past 30 years.

The JOLTS report surfaced two days later and highlights the number of job openings continues to exceed the currently estimated unemployed workforce by approximately one million available jobs.

(BLS) Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining. Conversely, when the number of hires is less than the number of separations, employment declines, even if the hires level is steady or rising.

Over the 12 months ending in January, hires totaled 69.2 million and separations totaled 66.3 million, yielding a net employment gain of 2.8 million. These totals include workers who may have been hired and separated more than once during the year. (link)

So we’ve added more than 2.8 million jobs in the last year.  Let that settle in for a moment. That’s a consistent run of over 220,000 jobs/per month each month of the year.

Digging a little deeper into BLS Table-1 you might notice something interesting that also aligns with the basic elements of POTUS Trump’s MAGAnomic intent:

First, available job openings in Durable Good Manufacturing in January 2018 were 261,000 it’s now 305,000. So there’s 44,000 more durable good manufacturing jobs available now than a year ago; again evidence this sector is continuing to expand at a rate higher than the available workforce to fill the jobs.

Second, [also Table-1] looking at all job sectors. While the job growth is regionally strong overall, there’s more job growth available in the South (+500k) and Mid-west (+212k), than in the North-east (+143k) and West (+91k).

Now, doesn’t that exactly match with the MAGAnomic intent of the 2016 election focus?

This stuff doesn’t happen automatically, what we are seeing here is direct and specific evidence of Trump-directed economic policy (his magic wand) landing exactly in the places candidate Trump, president-elect Trump, and now President Trump said they would land.

  • All wages are growing, but wages are rising faster for Blue-Collar workers and the middle-class.
  • More jobs are available in just about every sector, but highest job growth is in higher wage durable good manufacturing.
  • More jobs are available throughout the country, but available job growth is highest in South and Mid-West.

Overall the total U.S. economy looks excellent; healthy and strong. However, what looks especially excellent is the targeted success of Trump’s policies directly into the heart of the Main Street economy where success lasts the longest.

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This entry was posted in Auto Sector, Donald Trump, Economy, Election 2020, media bias, President Trump, propaganda, Trade Deal, Transportation, Uncategorized, Union Activity - ALL, US Treasury, USA. Bookmark the permalink.

79 Responses to MSM Noticing MAGAnomics Benefits Mostly Middle-Class, While BLS Job Openings Still Outpace Workforce…

  1. We need the pic of Pelosi shaking her fist at Trump with the “curses” caption.

    Liked by 6 people

  2. Kristin DeBacco says:

    There is only one magic wand like this. Obama never knew it existed.

    Liked by 13 people

  3. Petrel says:

    Congratulations Sundance — for all the US CoC and purchased GOPe harping, given the foreign trade, economic deregulation and fiscal policies of Candidate then President Donald Trump you anticipated this outcome !

    Liked by 18 people

  4. Tim says:

    remember OBAMA those jobs are not coming back ! and “what magic wand?”
    its cued to the right point

    Liked by 7 people

    • grlangworth says:

      I don’t believe in magic, but primitives are prone to do so.

      Liked by 4 people

    • Freedom says:

      Very interesting listening to this video – the doublespeak is so evident. Compare and contrast BHO’s attempt at a logical economics argument (this video) versus DJT’s current logical economics arguments (main street vs wall street). Perhaps I am stuck in my own confirmation bias bubble, but side by side …. no comparison. DJT smokes BHO – not even a competition. BHO doesn’t know what the heck he’s talking about.

      Liked by 11 people

      • dbobway says:

        Former President Obama is the earlier version of Alexandria Ocasio-Cortez.

        She just isn’t as good at hiding it, as Obama is.

        When it comes to personal beliefs, Obama is much more dangerous to America than AOC will ever be.

        Liked by 10 people

      • NJF says:

        THe biggest joke is Obama emphatically announces “these jobs aren’t coming back,” yet now that they have he is trying to take credit. And the most brainwashed among us believe it. SMH

        Liked by 6 people

      • riverelf says:

        I will never forgive the multiple economic injuries to my family during O’Bozo’s eight years of disaster. What kind of idiot sets out to functionally destroy middle-class families? I know the answer, but, Lord, thank you for President Trump, the Defense of the Deplorables, who rescued us in the nick of time.

        Liked by 12 people

    • The Boss says:

      Anyone care to bet a donut that the man who asked obama the question is now a Trump supporter?

      Liked by 5 people

    • Mr.G says:

      My disdain for Obozo cannot be described here on CTH. But my disdain is not limited to Obozo. Most of our “institutions” are actively working against us and using our tax dollars to do it. For me, it’s like paying somebody to beat me up and then letting them do it.

      I suppose it’s a blessing that I’m too old to take the streets-because I really don’t know what I’d do given the chance, say, even 10 years ago.

      There is a slight flicker from a small candle that has yet to be engulfed by the darkness. The 2020 Prez election is for all the marbles. If we lose, I fear that small candle will be extinguished.

      Like

  5. stormy223 says:

    This is obliviously an economy engineered by the Democrat Hussein Obama. He knew that the secret to stimulating the economy is to get high wage earners a boost first, and then their spending will pull everyone up along with them. This is a much better policy than the 1980s model where Reagan used some obscure technique called ‘trickle down’ oh wait …

    Liked by 1 person

  6. MAGAnomics – a theory or a prediction coming to fruition much to the dismay of, and never to be acknowledged by, Democrats and the Chamber of Commerce and its minions (i.e. GOPe). Go PDJT go!

    Liked by 3 people

  7. Alinsky tactics alive and well—how many times in the last month have we heard Democomments about how Trump economic policies are hurting the middle class. Once again, they attack with exact opposite facts. Fake News has really permeated the Democrat Party (and it now flows from their lips to their followers uninformed ears).

    Liked by 6 people

    • snarkybeach says:

      the union rep Chrissy Wallace had on to bash President Trump and the GM plant closing had trouble answering the question about auto plants in right to work states.

      Liked by 1 person

    • Robert Smith says:

      Entitlement society is also every group feeling they get the raw deal. If a politician says it and the media parties it, enough will believe it. Some still think we’re in the 1% new normal times. Granted, they’re not the smartest ones out there. This is what years of finding victims does.

      Like

  8. Pyrthroes says:

    Yes, by God! And high time too.

    Despite Uniparty bleats-and-squeaks (we call ’em “Pach-Rats” for pachydermatic [“elephantine’] mahouts such as as Ryan and McConnell plus scuttering Donk guttersnipes from WJC to Gangrenous/SHD), over thirty years from Ronaldus Magnus Wall Street’s dirigiste casino economy aligned with NAFTA/TPP and EU kleptocrats has strangled middle-class U.S. prosperity whilst mounting endless peripheral “ghost wars”.

    Now as Occlusional Cortex, the coprophagic Coco Loco and others of her pseudo-genomic ilk reveal themselves as bit-players in MoveOn/Soros’ entr’acte –this time around, it ain’t al Walid bin Talal– it pays to recall that “Socialism” is of very shallow substance: Easy enough to impose by force-and-fraud, but catastrophically, inescapably short-lived. (See “Tytler Calumny” and related insights the Founders garnered from mid-18th Century “moral philosophers”, Edinburgh’s proto-economists such as Adam Smith.)

    Alas for Millennials born 1990 – 2011, Bernie-baby and his deadbeat, trogbrain crew of Luddite sociopaths has nothing cheerful, life-enhancing to offer anyone. As Trump Prosperity leverages U.S. diplomatic/defense options, gaining national peace-and-prosperity while Arab satrapies, China’s “Social Credit” pilot-fish, EU central banking kleptarchs grind their countries down, by 2020 – ’24 a return to Rats’ ethnic/gender/racial “victimizing” potpourri will prove impossible.

    Trump follows Mark Twain’s classic admonition: “Always tell the truth. This will gratify some people, and astonish the rest.” Indeed, “Lux et Veritas” is not mere academic cant.

    Liked by 11 people

  9. Bogeyfree says:

    The sad part of all this is the nuts on the left are OK throwing all of this away come 2024 if they get into power.

    This is the greatest time for our millennials to start building and saving. I hope they realize this.

    Liked by 5 people

  10. ~OH THAT’S GOTTA HURT!!—>NYT Economic god *Paul Krugman*, wouldn’t you Say.~
    MAGA 🙂

    Liked by 1 person

  11. A sign of the times and Trump’s MAGA economy success =

    Remember the proliferation of internet resume web sites that helped workers find jobs?

    Well they have been replaced with a proliferation of web sites that help employers find workers!

    The paradigm has been flipped. American workers now have the advantage over employers for the first time in 50 years. We now have more jobs and not enough workers. And wages are rising because of the Trump economy !

    God Bless You President Trump. Promises Made/Promises Kept.

    Liked by 11 people

  12. Mark L. says:

    This is basically turning around the feckless policies started back in the 70’s.
    MAGA

    Liked by 3 people

  13. cliffaheadwolvesbehind says:

    And yet, he will get not one drop of credit for this amazing turnaround.
    Thank you President Trump for trying to save this ungrateful country.

    Liked by 2 people

    • He will. Voters know. Stay positive. Think positive. We are winning. Yes there are set backs and disappointments, but the overall arching trending for us is WINNING.

      Liked by 3 people

    • Deplorable_Vespucciland says:

      The purveyors of Fake News may not give the president credit but conservatives and apolitical citizens have noticed a change for the better in America and they like it.

      Liked by 3 people

    • TPW says:

      A large % of the population…don’t forget…..has no idea what our capitalistic economy use to look like. Heck its been so long ago it is hard for me to remember the good economic times of my parents but I do remember the highlights. As a point of reference I’m 61. Jobs were a plenty for them. My Dad and Mom put Dad through the UA with 2 kids in tow and no loans.She did not go to work until I was 15. He had a job offer 1 year before graduating. On his salary we had a nice 4 bedroom home, boat, nice vacations. At one point he built homes on the side. He had a pension, paid healthcare and was able to save. House they bought for $25k appreciated to 75K when it was sold 12 years later. That is the US I hope the young generation can experience in their future. But if the Crooks and party elites take back power this generation will never experience the American dream.

      Like

  14. cliffaheadwolvesbehind says:

    And yet, he will get not one drop of credit for this amazing turnaround.
    Thank you President Trump for trying to save this ungrateful country.

    Liked by 2 people

  15. Think about it. College kids graduating this year have multiple job prospects. Real jobs, not barrista, Uber driving jobs.

    College kids graduating under the Obama economy were forced to move back home and live in their parents basement.

    Trump is the real “Hope and Change” president.

    Liked by 6 people

  16. pocaMAGAjunta says:

    The left sees the shifting economy but unfortunately their world view is limited to that parasitic opportunists, hence their acknowledgement the economic surge takes form in the lilliputian Green New Deal.

    Liked by 1 person

  17. Olddog35 says:

    Sundance not only anticipated the economic outcome, I’d say he “nailed it”.

    Liked by 2 people

  18. Expect the establishment to crush this wage growth by inflicting even higher interest rates than what we have experienced since Trump took office – almost a 100% increase so far.

    Liked by 1 person

  19. Peter Skurkiss says:

    Sundancde, I wonder why Zero Hedge has so many anti-Trump and even anti-America articles? Any idea?

    Like

  20. Harlan says:

    “…the economy is stronger than most financial pundits are admitting”

    And because most media platforms are liberal/democrat, that little secret isn’t getting airplay.

    Liked by 2 people

  21. Sue Fowler says:

    What % jobs filled by legal American citizens?
    What % jobs filled by foreigners including illegal with fake docs?
    Until our BORDERS ARE CLOSED, these stats are only distraction bandaids. The invasion continues AIDED BY AMERICAN MILITARY PERSONNEL.

    Liked by 2 people

    • James Street says:

      Thank you for raising this point Sue.

      In Seattle I don’t see the common indicator of a booming economy: “Help Wanted” signs in the windows of all the fast food joints. I wonder if this is because Seattle is a sanctuary city in a sanctuary state.

      Liked by 1 person

      • solomonpal says:

        15 dollar an hour minimum?

        Like

        • James Street says:

          Nope:
          “Minimum wage climbs to $16 per hour for Seattle’s largest employers
          Seattle has been at the forefront of higher minimum wages. As of January 1, the city’s largest employers will have to pay at least $16 per hour.”

          And:
          “Bill prevents landlords, employers discriminating against illegal immigrants
          Washingtonians are protected from discrimination based on factors such as gender, race, religion and sexual orientation — and now, Democrats in Olympia want to add illegal immigrants to the list of protected groups.”

          Like

      • Sue Fowler says:

        Yes. So long as Seattle is a sanctuary city, your quality of life will nose dive. 3rd world CULTures bring fragmentation and dumbing down. I shopped in my conservative town this morning amidst glaring blacks and non-English speaking brown and asians who have NO intention of assimilating.
        Every benefit known in America is heaped upon illegals. Moslems DEMAND food panties and FEMA supplies. Legal Americans are being ripped off and victimized. This will not be solved at the ballot box. Once at The Trough, all thought of public service vanishes. I’ve lived in DC and seen it. I’ve served and no we have NO DOJ. Without Judicial Watch, we would know NOTHING and have NO advocates.
        This last border sham is a slap in the face to EVERY LEGAL AMERICAN CITIZEN.

        Like

        • Robert Smith says:

          Illegal aliens aren’t dumb. They will go to countries and states with the most giveaways. Their standard if living can be multiples better than what they had before and they never even have to think about working. If they even could given their skills.

          Like

        • Mr.G says:

          Hi Sue Fowler-well you are spot on.

          Amidst all the “good news” I just read that CBP, in just the last 60 days, released about 90,000 illegals into the US. That’s 1600 PER DAY or about 1 illegal alien released EVERY 60 SECONDS into the US.

          Think about that for few minutes-oops during that few minutes that’s about 200 more illegals coming in to live off of YOUR hard work.

          That’s why I retired 2 years ago and live a minimalist lifestyle as I refuse to drag my a$$ out of bed everyday, fight traffic, and deal with politically correct vapid airheads all so they can take more than 1/3 of my wages, and give it to an illegal alien.

          I mean, if that’s not the definition of being a sucka, I don’t know what is.

          Like

  22. lansdalechip says:

    Kinda’ makes you wonder what other economic “news” will filter out when the FMSM has no more Muh Russia lies to spread in the near future.

    Liked by 1 person

  23. solomonpal says:

    My 2 kids and I are killing it! Thank you President Trump!

    Like

  24. calbear84 says:

    @30 sec “Ruff’s Day”…that dog’s face make me laugh out loud every time! Thanks Joe Dan 🙂

    Liked by 1 person

  25. Herbert Kroll says:

    In the Netherlands we have two major media publications that are focused on finance. One had a Middle-East correspondent who had a year-long affair with a Al-Nusra/Al Quaida terrorist from Syria, the other one was proud she participated in the pussyhat women´s march while spouting hatred about President Trump. I wish I were joking, but those are true facts.

    Like

  26. Robert Smith says:

    Wasn’t the Netherlands thinking about a headscarf ban or something similar?

    Like

  27. But for Trumps refusal to deport the illegal alien population and end immigration, wages would be skyrocketing, disposable income skyrocketing, and unemployment ending. Despite all the hoolplah over falling unemployment rates the fact of the matter they dont includes the scores of millions of displaced Americans who aren’t even counted. We dont need or want anymore immigration EVER. Time for MAGAEconomics to really take off and better still secure the Trump legacy and American nation by immediate moratorium on immigration and deportation of all illegals.

    Liked by 1 person

    • Bigbadmike says:

      People want paychecks but many refuse to work for them. Many refuse to work overtime. We have to have motivated workers who enjoy making money or enjoy the work itself. Therefore we need legal immgrants to be competitive. They provide job security for many American workers that will not put in over 40 hours a week when manufacturing companies are busy, which happens to be all the time the past 26 months. Let’s be thankful for our fellow workers that allow us to spend more time pursuing happiness outside of work. We can come back to our jobs knowing they will still be there.

      Like

  28. Google Users Beware Consider finding and using an alternative browser (NOT GOOGLE) DELETE GOOGLE CHROMETried to send an article, but LinkedIn hack has me down. LinkedIn found account Compromised Computer issuesIphone issuesby passing security.all weekend working with security.but keeps coming back.

    Don’t trust gmail either. Google is most likely a traitor working with China.

    Use your computer as a stand alone workstation (unplug from wifi and internet)Remove files you want to share and send and receive from an alternative deviceHacking is gone wild (especially for me) Bogged down with it on all accounts even Symantec and Norton Security.Might we think about communicating in old school ? fyi

    Like

  29. jeans2nd says:

    Hope Pres Trump is able to accomplish something with GM and Lordstown.
    Lordstown is a really big deal here on the North Coast, and may cost Pres Trump votes, although it is guaranteed our Lordstown union guys are noticing the tweets tonight.

    We are still quite depressed here, economically, people are still leaving, prices are still going up for food, etc., but we are quite happy for those who are prospering again.
    However, we still need jobs!

    When you have time, would it be possible to outline a quick comparison in common English for GDP vs GNP, and why we use GDP rather than GNP? In your spare time, of course lolol.
    Was reading of the economists who “won” WWII with their economic predictions of future GDP growth rather than the commonly used GNP during the war, and were proven correct within something like .1%. Quite impressive, really, but had to research GDP/GNP for full understanding.

    Like

  30. Rick20033 says:

    This is all great news, but there is also a piece of the puzzle that is *not* good and bears mentioning:

    “Foreign workers have now outpaced American workers in terms of job growth for at least half a year, new Bureau of Labor Statistics (BLS) data reveals.
    In February 2018, foreign-born workers continued to make job growth gains over native-born American workers. Foreign-born workers, for example, saw more than three times as much job growth as native-born Americans last month.
    And while native-born Americans did not increase their labor participation rate at all year-to-year, foreign-born workers saw a 1.22 percent increase in their labor participation rate. Likewise, the number of foreign-born workers in the civilian labor force increased more than five times the number of new native-born American workers who are now in the labor force.
    In terms of unemployment, native-born Americans have an edge over foreign-born workers. Compared to this time last year, native-born Americans’ unemployment rate has decreased nearly nine percent. Meanwhile, foreign-born workers’ unemployment rate has dropped 7.5 percent.
    The latest BLS data reveals a half-year trend where foreign-born workers have continuously enjoyed substantially higher levels of job growth over native-born Americans. Since at least September 2018, foreign-born workers have outpaced native-born Americans in job growth, sometimes seeing four times or more the job growth that Americans are experiencing in the economy.
    In January 2019, for instance, foreign-born workers had four times the job growth and four times the civilian labor force growth of native-born American workers.
    While about 1.5 million illegal and legal immigrants continue being admitted to the U.S. every year to compete against America’s working and middle class for jobs, there remains 6.2 million Americans who are unemployed, 13.4 percent of whom are teenagers, and seven percent of whom are black Americans.
    Overall, there remain about 1.3 million U.S. workers who have been jobless for at least 27 weeks, accounting for 20.4 percent of the total unemployed population. Roughly 4.3 million Americans are working part-time but want full-time jobs, and 1.4 million Americans who are not in the labor force but want a job, including 428,000 workers who are discouraged by their job prospects.” – John Binder, BB, 10 Mar 2019

    In other words, it isn’t all positive news. And the president is calling for MORE foreign workers.

    Like

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