August Report: 130,000 Jobs Added, Annual Wage Growth 3.2%, Three Month Wage Growth 4.2%…

The Bureau of Labor Statistics released the August Jobs Report showing 130,000 jobs added during the month.  Year-over-year wage growth remains 3.2%, with a very strong three month wage growth showing gains of 4.2%.

Overall the top line growth of 130k jobs sounds modest; but jumpin’ ju-ju bones, the data underneath the top line is extremely strong and highlights exactly why wage rates have been rapidly increasing over the past three months.  [Table A – BLS Report]

  • The civilian labor force increased by 571,000 workers in August.
  • The number of employed Americans jumped up by 590,000 in August.
  • The number of people not in the labor force dropped by 364,000 in August.
  • The workforce participation rate increased 0.2 to 63.2 percent in August.

With a tight labor market we are seeing the natural upward pressure on wages. In the past four months wage rates have increased 4.2% [Table B-3], and from the employment data it appears those large wage incentives are bringing people back into the workforce.

Year-over-year the number of employed Americans has grown by 2,274,000 people.

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This entry was posted in Big Government, Donald Trump, Economy, Election 2020, media bias, President Trump, Uncategorized, US Treasury, USA. Bookmark the permalink.

105 Responses to August Report: 130,000 Jobs Added, Annual Wage Growth 3.2%, Three Month Wage Growth 4.2%…

  1. tozerbgood8315 says:

    Oh yeah

    Like

  2. sundance says:

    Liked by 16 people

    • JL says:

      Great post, but you have a small typo in the post that understates growth in the civilian laborforce.

      “The workforce participation rate increased .02 to 63.2 percent in August.”

      It increased more that that by a factor of ten. You just have an extra zero in there. Should read “0.2”

      Liked by 2 people

    • GB Bari says:

      Interesting chart. It appears to show a steady decline in black unemployment after Ozero took office. Then President Trump continues the same downward slope. A Democrat could look at it and without knowing any underlying facts they might insist that President Trump is just continuing what Ozero began.

      But It begs the question: What kinds of jobs were created during those years, versus the kinds of jobs created since President Trump’s election?

      I’m guessing there are BLS stats that may address that but I’ve never had much success navigating their website.

      Liked by 3 people

      • H.R. says:

        GB, my understanding was that under the administration of the previous occupant of the Whitehouse, people who quit looking for jobs were no longer counted as unemployed.

        So, you lose your job, look and look and look and then finally give up an Presto-ChangeO! You are no longer unemployed. You just don’t have a job and unemployment numbers keep looking better and better.

        That slight-of-hand was done to make ‘The World’s Smartest Man’ [insert retching here] look better.

        Liked by 14 people

        • daylight58 says:

          “You just don’t have a job and unemployment numbers keep looking better and better.”

          You were experiencing ‘funemployment’ and fortunate to be able to spend more time with your family, according to Nancy Pelosi.

          Liked by 7 people

        • jnr2d2 says:

          True. But even ignoring that, look how much lower it has gotten under Trump. Best lowest unemployment under Clinton equaled that under Obama, about 6.5 %, Trump beats that at 5.5%. 20 % higher is the best Demos could do, and Trump has a year to maybe drive it to 5 %!!!!
          The “snow white” aged ones of the Demented Party, will wilt like the snowflakes they are by the election. Properly promoted by Trump campaign he gets 25% of Black vote and 55 % of Hispanics. Even California goes RED!!!!

          Liked by 3 people

        • WRB says:

          Yes, a smaller labor pool made things look better (you lost your job and can’t find another…shazaam! you are not unemployed, you just disappear.)

          Another factor was the number of part-time workers who replaced full-timers. Obamacare caused employers to restrict hours, and make up the difference by hiring more part-timers.They get counted as “employed”, but it is obviously not the same thing as having a full-time job.

          Liked by 6 people

        • SwampRatTerrier says:

          Yes, you’ve got it H.R.

          If more black Americans DROP out of the Labor force then their unemployment rate can be increasing through the roof actually, but the stats can make it look like it is going down some.

          Liked by 1 person

        • Stillwater says:

          I could be mistaken, but I seem to recall that that method of calculating unemployed was done under the Bush administration as well. Not sure when it started though.

          Liked by 1 person

    • The Demon Slick says:

      I hate Obama like you wouldn’t believe- well maybe you would- but according to the chart Denard put up, most of the drop in black unemployment actually did occur from 2011 to 2016. That’s the argument the lefties have been making. That doesn’t make sense to me. Is that right?

      Like

      • dallavise says:

        It is true, but it is following the greatest recession of our time. A toddler could have been president and it would have made that correction. Why was there so much improvement in unemployment? Because everyone had already lost their job. It’s like looking at a minimum wage employee in amazement because his wage increase was astronomical compared to not having a job.

        Liked by 3 people

      • Deplore Able says:

        It must never be forgotten that the policies of Obama prolonged the recession. With the economy bleeding jobs in 2009, Obamacare became law and large employers had to provide health insurance, unless workers were part time (30 hours or less). Add to that the job killing regulations implemented by Obama. Those policies put the brakes on any recovery.

        Instead of making it easier for business to add jobs, Obama made it more expensive to create jobs and encouraged the growth of part time jobs rather than full time jobs. That is exactly the opposite of what the economy needed.

        That the economy eventually started to recover from the Obama disaster is a testament to American entrepreneurship. Not even Obama could keep the American economy down longer than four years.

        Liked by 6 people

    • ganesh says:

      A helpful definition of terms (perhaps)

      “In the United States, the civilian noninstitutional population refers to people 16 years of age and older residing in the 50 States and the District of Columbia who are not inmates of institutions (penal, mental facilities, homes for the aged), and who are not on active duty in the Armed Forces.”

      Liked by 1 person

  3. Beetle Bailey says:

    The civilian labor force increased by 571,000 workers in August.
    The number of employed Americans jumped up by 590,000 in August.
    The number of people not in the labor force dropped by 364,000 in August.
    The workforce participation rate increased .02 to 63.2 percent in August.

    All that GREAT news and yet WE’RE HEADING FOR A RECESSION! (according to the LSM)

    Liked by 4 people

  4. beach lover says:

    The MSM can’t handle the truth. They will now lie, until they find another issue they can lie about.

    Liked by 4 people

  5. Patricia Weir says:

    “Thanks Obama”. /sarc

    Liked by 1 person

  6. donnyvee says:

    I’m a natural numbers guy. Think Rain-man but with more personality. That said, I’m not understanding the difference between the 130,000 jobs created number and the 590,000 increase in the number of people working. Why is the number of jobs ‘added’ not more than 130k? Also missing from the article is the number of folks moving from part time to full time employment. If memory serves, that number was 299,000 last month. I just want to understand it better. And with that all said, MAGA/KAG!!

    Liked by 1 person

    • Joshua2415 says:

      A simple answer would be that 460,000 people went from unemployed to working at previously open but unfilled positions. That can’t be a bad thing.

      Liked by 6 people

      • Ausonius says:

        Yes, I do believe that is the answer. Employers waiting months to find somebody not on drugs and/or disfigured with tattoos and/or with a triple-digit I.Q. would be involved in the increase in “labor participation.” I read somewhere recently where there are 1,000,000 more jobs now than workers to fill them.

        Liked by 4 people

        • Kate says:

          Ausonius, hopefully more trade schools are starting up, and perhaps college kids dropping college for training and the better plus well paying jobs.

          Liked by 5 people

        • TreeClimber says:

          At this point, some places are so desperate for low-skilled workers that even drugs aren’t an issue. Ran into my husband’s favorite coworker in Walmart the other day and he was grumbling that it was “like working in a reality show – sex, violence, and addictions, all the time.” Just don’t get caught.

          Liked by 2 people

    • Dennis Leonard says:

      Well numbers guy,you should be able to dig up the info.And how many toothpicks in that box of toothpicks in the diner scene in the movie?

      Like

    • jkcinsalem says:

      Lots of us baby boomers are retiring.

      Liked by 2 people

      • GB Bari says:

        Yes I read at least a year or two ago that was happening on the order of about 10,000 per day. I haven’t seen a more recent statistic.

        Like

      • The Demon Slick says:

        If everything else works out, you guys will be taking part time jobs, not for money, but to do stuff you love. Think a retiring accountant working part time at an animal shelter or a flower shop. People taking a part time job at Lowes and doing home projects. Or a flower shop. Hobby jobs. Once you really can do whatever you want, or nothing at all. Your previous, full time job will be filled by the people who were working 2 or 3 jobs to get by. Perfect! The way things used to be. The way things are supposed to be.

        Liked by 4 people

        • labrat says:

          Yep – my father was a plumber. Retired and got a job as a cart boy at a golf club. He loved that job, would have done it just for the free golf, the measly paycheck was a bonus.

          Liked by 2 people

    • surakvulcan says:

      There is not a 590,000 increase in the number of people working. There is a 590,000 increase in the size of the labor force. This includes not only the 130,000 newly employed people, but also many others who are not yet employed who are now available, interested, and looking for work. Those 460,000 people are part of what goes into the larger labor force participation rate, which jumped from 63.0 to 63.2 percent.

      The other answers you were given are incorrect. If those 460,000 were newly employed, then there would be 590,000 more employed people, but the chart in the article shows that is not the case.

      Not everyone in the labor force is employed. Some are unemployed, but looking for work. People who are not in the labor force at all are not considered by the government to be unemployed. They just dropped off the government’s unemployment radar.

      Liked by 2 people

      • Please double-check where-on-the-chart you’re finding your numbers.

        The right-hand column is a convenient “summary of July-August changes”.

        There WAS a 590,000 increase in the number of people working [“Employed”].

        • 571,000 from ADDITIONS to the “Civilian Labor Force”
        … e.g., returning from the “Not-Looking Sidelines” [not classified as “Unemployed”]

        • 19,000 from REDUCTIONS in the “Unemployed”

        Liked by 1 person

  7. Dennis Leonard says:

    Sec. Wilbur Ross
    ‏Verified account @SecretaryRoss
    3h3 hours ago

    Sec. Wilbur Ross Retweeted The White House

    A great #JobsReport today, demonstrating the continued strength of the U.S. economy. African American unemployment hit a record low and hourly wage growth is again growing faster than 3%. Thanks to the policies of @realDonaldTrump, #AmericanWorkers are winning.

    Sec. Wilbur Ross added,
    The White House
    Verified account @WhiteHouse
    BREAKING: Last month, the African American unemployment rate dropped to the lowest level EVER recorded. 🔥

    Liked by 7 people

  8. Nigella says:

    Yet the media is saying this is “disappointing.”

    Liked by 2 people

    • tozerbgood8315 says:

      That’s called transference

      Liked by 1 person

    • Chieftain says:

      Democrat media is always disappointed when “blacks” get off of welfare. Less dependency and the freedom that jobs bring are anathema to the Democrat power plan.

      Liked by 1 person

    • willthesuevi says:

      It is disappointing Nigella, but it is predictable.

      The youth of our country have never seen anything like this resurgence. My faith in our youth tells me they will realize they have been lied to soon enough.

      President Trump and his economic team are going to completely reverse the commie indoctrination of our future, our youth. There are some smart, inquisitive, agitated young people that have to work through this on their own. We need to let them. It will mean more. Lead from the front.

      When they finally reach the conclusion the educational people they respected has led them down the wrong path, then Katy bar the door. They are going to embrace the capitalist reality with the same gusto I did when Ronald Reagan was president.

      At that point Freedom and Liberty will have heartfelt meaning and will never be reversed.

      This is why the left is fighting to control the narrative so fiercely. They will lose.

      Liked by 4 people

    • oldersoul says:

      Yes. The economy is doing terrific, and Dorian caused less damage, suffering and death than they hoped for.

      They are left sparring over whether it would have hit Alabama.

      They are really disappointed lately. But they are forever a disappointment to America.

      Liked by 4 people

  9. Harlan says:

    Yeah, this is disastrous. We’d better hurry and elect a dhimmicrat, fast. /

    Liked by 4 people

  10. This isn’t exactly rocket science. “The United States of America is(!) the [only …] million-pound elephant in the manufacturing room.” It’s the market that every outside nation wants to get into.

    Inexplicably, for the last 40 years or so the Chinese managed to persuade otherwise-sane Americans to remove(!) the only competitors that the Chinese could not dislodge. They bribed-away President after President after President to achieve their goal … until, quite unexpectedly, a President materialized who knew exactly what they were up to. Because he wasn’t a clueless politician: he was a savvy businessman just like themselves.

    If America now re-establishes what it used to take for granted … domestic sources … the entire rest of the world will have no answer.

    And, if it simultaneously re-establishes another thing that it once assumed … best Quality in the world … the world will beat a pathway to its door, and “Cheap Chinese Crap™” will be a forgotten mistake.

    And the very best thing is: “there’s not one damned thing that anyone else can do about it … if we don’t (once again …) defeat ourselves.”

    Liked by 11 people

  11. Mike in a Truck says:

    Hey, over here. Its me, Barrack! I did that. That’s my magic wand effect.

    Liked by 5 people

  12. TreeClimber says:

    Husband announced earlier, after we paid our car payment, that if this company he’s with doesn’t get a move on getting him into permanence and giving him a raise, he’s going to start looking elsewhere. If they would get their act together, he’d be in a pretty cushy place, but if they don’t, they’re losing someone who could be an awesome worker in their company for a couple decades yet. Somehow I think if he does decide to start looking elsewhere he’ll be able to find something.

    Liked by 4 people

    • redline says:

      He should be looking now. When evaluating your employment, there’s no such thing as too many options. If he has skill, experience, and a track record of achievement, his prospects are very good.

      Liked by 3 people

    • The Demon Slick says:

      Sometimes you have to take a step back to make a great leap forward. He’ll know what to do.

      Liked by 2 people

    • Dutchman says:

      Treeclimber;
      Suggestion; tell your hubby to start looking now, be patient. When he gets a,solid offer, from a company he WOULD willingly work for, ‘break the news’to his current employer.

      No way they want to recruit, hire and train his replacement. Far less expensive for them to meet his offer from his ‘new’employer.

      There is no ‘if’; they could spend months looking, hiring training and firing replacements, whereas he is a known quantity.

      Liked by 4 people

      • TreeClimber says:

        Especially since there’s a strong possibility he’s being looked at for a supervisory position – and they can’t keep anybody. They’re just taking a really long time to get through the process. Problem is, it’s HR that’s taking forever and at the moment he has no way to contact them, for him to quit would stress his immediate supervisor out to no end but she has no say in speeding up the process.

        Or at least, that’s the best of his knowledge. I feel like there is some way to kick them in the pants, but apparently any time he asks he gets stonewalled so…

        Like

        • OlderAndWiser says:

          TreeClimber, I hope your husband gets the job. Here are some key questions he could ask:
          1) Is there a budget for the new position? It may seem odd, but most corporations have separate budgets for contractors and part-timers than for full time staff.
          2) Has his boss’s boss approved the new position? Quite often HR is blamed for the hold up but in reality, HR follows a process (differs from company to company) that almost always includes checking for valid position openings as signed off by division heads (sometimes by the CEO). Not excusing HR – I have found that they do also slow things down for no reason, but sometimes they do have a reason, so it’s important to distinguish the two.
          3) Without knowing specifics about the situation, it may also be that the position requires other characteristics that HR has been told to qualify. For example, security clearances, credit report checks, etc. It seems now that HR also has been instructed to look at social media comments to insure that employees (and especially managers) do not cause any additional risk to the company. This last part is very disconcerting – but it is what it is for the time being until some employee sues a company (and hopefully a top notch legal firm represents him/her on a pro bono basis.) In the current environment, lawyers rule, and most of them are on the left side. All these things do is to increase the bureaucracy. (As seen in the extreme in our federal government!!!)
          Hope this helps.

          Liked by 1 person

          • TreeClimber says:

            He’s been in processing for weeks now, perhaps over a month. They’ve taken an average of three weeks with everyone else. There’s nothing that should be holding him back: he’s apolitical online, hyper-competent, never does drugs, nothing on his background report, excellent credit. It’s baffling.

            As far as approval, I’m pretty sure it’s all between HR and the staffing company. He’s been trying to talk to his supervisors, but they’re all local – the company is actually, uh, multinational I think but it’s definitely based in another state. There’s a stonewall between the low-level employees and the actual company.

            Like

        • Dutchman says:

          Well, again if he gets a genuine offer, from another company (i.e. not bluffing) I would bet HR would get a move on.
          But,…just my $.02 worth,..

          Liked by 1 person

          • TreeClimber says:

            If he can get through to those who control it, yeah. Definitely would help. That’s the problem… I hope he can. Thanks for the advice, anyway!

            Like

            • Dutchman says:

              Hey, its free advice, worth about what you pay for it! If HE decides to take it, and isn’t happy with the results, don’t blame me, as it was HIS decision.
              If it turns out well, hit donate on the home page, , ,
              Free advice is really just an opinion. I am saying “If I were HIM, and IF I were in his situation, in my opinion THIS is what I would do.
              But, I am NOT him, NOT in his position, and if I were I might not actually do what I advised. Its hypothetical for me, real for him.
              I say that any time I offer advice, its what my Dad used to say to me.
              Good luck, hope it works out well for you.

              Liked by 1 person

  13. redline says:

    Headline:
    President Trump’s Insane Sanctions and Racist Anti-Immigration Policies Destroy Global Economy!

    Liked by 2 people

  14. oldersoul says:

    If wage growth is now doubling the real inflation rate, that’s a major breakthrough for middle America. The American consumer economy will soon be firing its afterburners as this continues. And we will feed it increasingly with US-made product. That’s a self-sustaining upward trajectory.

    PDJT is turning this ship around in a big way. A fundamental way. Something that Barry could only dream of, and did everything to prevent.

    If this continues … and I think it will based on the underlying fundamentals … 2020 will be a joy to behold.

    We have met the Fundamental Transformer, and his name is Trump.

    Liked by 6 people

    • Ma McGriz says:

      If President Trump keeps this up, I might just be blessed to be able to get a US-made well pump. The original one worked perfectly for 40 years, and could have been repaired, had parts been available.
      Instead, the replacements from overseas last fewer than five years….IF they work at all.

      Liked by 3 people

      • ann says:

        Amen. Sick of being forced to purchase cheap crap made by economic slaves.

        Like

      • oldersoul says:

        Our current in-well pump is a Goulds, made in the USA. And it is regulated by a constant pressure controller system manufactured by Franklin Electric, in Bluffton, Indiana, USA. Amazing electronics. Pressure off the well head never varies by more than 2 psi, regardless of demand. We need virtually no pressure reserve tank with it. It is about 8 years old now, has never missed a beat, and runs as silent as a church mouse.

        We were offered Chinese-made equipment for about half the price, and we were told that’s what most customers buy. But we spent double for all US-made (thousands more, actually) — and had to find another contractor who actually sold it. It was money very well spent. It should outlive us.

        All of this replaced a 30+ year old jet pump that was also US-made, that had finally started wearing out. It was also as noisy as a jet engine down there. In-well pumps are the way to go.

        Liked by 2 people

        • dilonsfo says:

          I agree with you about buying American. Just bought 4 tires today. Researched and found that Goodyear and their off brands are the only tires entirely made in America. That’s what I bought. Less expensive than Michelin tires but more expensive that the others. It was worth it to me.

          Like

        • Ma McGriz says:

          Thank you for that good information.
          If this one fails I’ll be contacting Franklin Electric.

          Like

  15. Magabear says:

    All fake newsrooms are currently saying “But, but……we want a recession
    (damnit)! 🤣

    Liked by 2 people

  16. OlderAndWiser says:

    I just watched an interview with Jerome Powell (Chair, US Fed Reserve) and his counterpart of the Swiss Reserve Bank. Powell came across as a total Globalist – and it’s why he doesn’t understand the Trump economy. At the end, someone asked a question about whether Trump’s tweets affected his thinking and he replied that he shuts out all these things. (Clue to Powell: Trump is a citizen also – an IMPORTANT citizen; shutting off his views does your claim as to having an open mind no good.) After that, the moderator said, looking at Powell “In you we trust.” At that , the audience erupted and Powell turned and shook the moderator’s hand – and then the Swiss banker also backed that and Powell shook his hand thanking them both.
    Tells you all you need to know about the guy.

    BTW, I found out that he was trained as a lawyer and then worked in IB and PE – which means he probably worked on the deals. Perhaps learnt a bit of finance. But def not a top notch economist. How the heck he got the job baffles me – one of Trump’s mistakes.

    I wish there was a way to get rid of the arrogant SOB. He definitely is an enemy of the US.

    Liked by 3 people

  17. Child of Morning says:

    My 25 yo Son asked me how worried he needs to be about recession. He’s very diligent with his money so I set him straight and eased his fears. Don’t think for a minute that the MSM constant recession fear-mongering does not have an effect. Fortunately, hey will find that they have miscalculated by playing this card too early and perhaps are helping to mount pressure for another rate cut. I am not a fan of artificially low interest rates, and was heartened that under PT, interest rates normalized somewhat. But with inflation so low the “real rate” does have some slack in it.

    Like

  18. John Peter says:

    Don’t understand the participation rate at just over 63% of the workforce. Here in UK the rate is ‘The UK employment rate was estimated at 76.1%’. So is the calculation different or does the USA have a big pool of unemployed yet to be trained and gain employment? I understand President Trump is trying to do something about this problem.

    Like

  19. SHV says:

    ” Don’t think for a minute that the MSM constant recession fear-mongering does not have an effect.”
    ****
    It does have an effect. Last week I was driving and had a local sports talk radio station on as background noise. They were talking about pro-sports contact negotiations, money, etc. and one of the “hosts” made the comment: “I wonder how the coming recession is going to affect salaries?” I would bet money that neither of the guys on that show watch CNN or MSNBC but obviously the constant drum beat of DemThug propaganda does have an effect.

    Liked by 1 person

  20. Loren says:

    Always great news on the Trump economy.

    In a few short weeks the holiday economy will start kicking in and hiring. When, We the people become the focus of the economy the economy takes off every time. This economy will be strong for quite sometime because it’s a free enterprise economy.

    The United States is back on track. Lets hope and pray President Trump can reduce the size of government get control of immigration and strengthen U.S. sovereignty.

    That is the formula to Kag!

    Liked by 1 person

    • umr_engnr says:

      Your comment got me thinking that it would be cool to start a trend to commit to only buying “Made in USA” Christmas presents. You may not get the latest gadgets but you’d probably find better quality presents that could be cherished for a lifetime.

      Liked by 2 people

  21. scrap1ron says:

    How you like those crumbs, Nancy?

    Liked by 1 person

  22. Gotta work on the deficit next.

    Liked by 1 person

  23. chojun says:

    Just makes you understand how Trump has created an existential crisis with his policy toward China.

    There’s no way out for them. They can’t punish us – any action on their part just further damages their economy and creates even better conditions for ours.

    Tired of winning yet..?

    Liked by 3 people

    • Dutchman says:

      Previous Presidents have been described as “Teflon”; PDJT is NOT “Teflon”, IMHO.
      He is the “I’m rubber, your glue” POTUS, and while its longer, its way more accurate.

      People talk about 64d chess, and his grasp and execution of geopolitics and economics certaily justifies that, his contests with his enemies also have a strong resemblance to jujitsu; using his opponents own weight and force against them.

      Truly a delight to watch a master at work, reminds me of watching Ali, or the Harlem Globetrotters.

      Liked by 7 people

  24. fred5678 says:

    Roll Call and Pelosi are truly “Debbie Downers” :

    https://www.rollcall.com/news/august-is-quirky-trumps-top-economic-adviser-brushes-off-disappointing-jobs-report

    Maybe she is worried about losing all her Speaker perks in 2021.

    Like

  25. ChampagneReady says:

    Whoo hot news–OFF TOPIC …… but I don’t think anybody will mind

    Transcript of Judge Royce Lamberth’s ruling for Judicial Watch royally BLASTING the State Department for the coverup of Clinton’s emails. This is getting very good fellow Deplorables. I feel it–he is going to allow Judicial Watch to DEPOSE that witch under oath and they will nail her !

    https://www.judicialwatch.org/press-releases/judicial-watch-federal-judge-criticizes-state-and-justice-departments-on-clinton-email-cover-up/

    Liked by 3 people

    • ann says:

      Champagne, that is quite a read! . WOW👀🗯. That Judge is fed up with the lawlessness and corruption.,💥

      Gives some hope we still have a few on the bench that aren’t political hacks. 👨🏼‍⚖️

      .

      Liked by 1 person

  26. Screwtape says:

    This means fewer people on the dole plus more tax receipts. I wouldn’t be surprised if we have record tax receipts for 2019

    Like

    • beachbum31 says:

      ^^^bingo! Plus tariff $$ means slowdown not recession at worst. Without China. Let them try getting by with 3% growth for a few decades.

      Like

  27. pochas94 says:

    OMG! Everybody’s going to work!

    Like

  28. surakvulcan says:

    “In the past four months wage rates have increased 4.2%” How do you figure?

    Also “with a very strong three month wage growth showing gains of 4.2%.” I don’t see that either.

    I went to the link, dug out my trusty calculator, and calculated YOY average hourly wage increases of 3.2%, as you reported. There is no information at the link regarding the situation 3 or 4 months ago.

    Furthermore, if wages increased 4.2% in the last three or four months, as you claim, but only 3.2% in the previous 12 months, that implies that wages must have fallen about 1.0% in the nine or eight months preceding the most recent three or four months.

    Could you please correct the post? Thanks.

    Liked by 1 person

  29. beachbum31 says:

    people actually being able to shop their talents to the highest employer bidder = Landslide MAGA.
    Unbeatable.

    Like

  30. Nessie509 says:

    The one thing to remember:
    President Trump never said he wanted to fundamentally change America. President Obama said that.
    President Trump is fundamentally changing how other countries deal with America.
    That’s a basic fundamental change that had to take place. If America isn’t First, other countries put America Last.
    Not a good thing.

    Liked by 1 person

  31. dallasdan says:

    The wailing we hear is the collective misery of most economists and wall street pundits. How sweet the sound.

    Like

  32. Rynn69 says:

    Typical CNN. Look at the chyron vs. what Romans was saying. Very Fake News.

    Like

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