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ORIGINAL: Lucylastic


The U.S. economy added only 98,000 jobs in March, suggesting a cooling of the economy after months of strong job growth
Friday, April 7, 2017 8:36 AM EDT
The Labor Department released hiring and unemployment figures for March. It is the latest official snapshot of the state of the American economy.
• 98,000 jobs were added last month. Economists had been anticipating a gain of about 180,000 jobs for the month.
• The unemployment rate was 4.5 percent, down from 4.7 percent in February.
• The average hourly wage grew by 0.2 percent.

https://www.nytimes.com/2017/04/07/business/economy/job-creation-unemployment-trump.html

The Takeaway

Hiring in March was expected to drop after the monthly gains of more than 200,000 in the two previous months, but this was the weakest showing for the economy in nearly a year. Although it represents just one month’s data, it will raise questions about whether improving business sentiment is actually translating into any meaningful action by employers.

On the other hand, at 4.5 percent in March, the unemployment rate is at its lowest point since May 2007, marking a milestone in the long road back from the Great Recession.

The Political Reaction

On Capitol Hill, Republicans acknowledged the glass-half-full nature of the report. “The economy clearly should be generating higher job growth,” said Representative Pat Tiberi, an Ohio Republican who is chairman of the Joint Economic Committee. “However, the unemployment rate fell to the lowest rate since before the recession.”

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ORIGINAL: Termyn8or

Sounds like McCormick is another over "educated" asshole who can't wipe his ass. Taught by the same people who got us 20 trilion in debt with a trade imbalance that is soon to bite us in the ass.

If you want jobs in your country you restrict international trade, in your favor. Other countries do it. These people are schills for big business that wants to take advantage of the lower cost of living in other countries, thus their lower wages. You might want to read "Confessions Of An Economic Hitman".

People are fooled. They think the Chinese live in grass huts and ride a donkey to work. No, it is the lack of overhead. On their pittance they can afford a car and a decent place to live, simply because it costs less. They even have AC. Radios and TVs. Maybe out in the stix not so much, but there are alot of areas like that all over the world. Rural populations anywhere tend not to have the latest technology, and some don't even want it.

I got a harddrive drop shipped from China, total price $52. It would cost more than that to ship anything TO China. I almost made some deals with a guy in Argentina for some electronic parts, the duty is 100 %. Whatever you ship there automatically costs twice as much. But we don't put that much of a duty on their beef, which is oe of their better exports, it is supposed to be really good but I can't find it locally.

Free trade is not fair trade. Too bad. Economists look out for the big bucks, not our well being or any of that. They have already destroyed the best market on Earth. Back in the 1960s people tried to "Keep up with the Joneses" and would buy new things. They had cash. The only credit cards were American Express and Diner's Club and you had to pay them off each month. Later came Bank Americard, which later became something else.

Only the rich people had those cards, the "poor" people paid cash for a new car. Now everything is on credit and if you think government debt is bad, look at consumer debt. Don't get some jobs there will be alot of defaults and then you are looking at another bailout. That last one was fun wasn't it ? People lost their retirement, and BTW, where did it go ? When something was there and is not, it went somewhere. Where ? In the fucking bankster's pockets is where. That is except for the money they claimed was there but was not. But still the little people lost. And unfortunately it looks like Trump is doing nothing about it. Not that Clinton would but I expected more from Trump.

T^T