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Posts Tagged ‘Employment’

Economy in Focus: Jobs, Employment, Trump

April 12th, 2017 Comments off
EconomyinFocusJobsEmploymentTrumpcreditCNSNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Wikipedia.

Numbers from the Bureau of Labor Statistics (BLS) for March, show that the number of employed Americans increased 472,000 to 153,000,000, which represents another record month.

According to CNS News, the number of unemployed persons dropped by 326,000 to 7.2 million, and that brought the unemployment rate in the nation down two-tenths of a point to 4.5 percent.

The numbers from the BLS also showed the labor force participation rate remained flat at 63 percent in March, and the number of Americans not in the labor force increased slightly to 94,213,000, up 23,000 from February’s 94,190,000.

In stark contrast to the ADP Private employment report, the report from the BLS added 98,000 jobs in March, which was below the gains of 219,000 in February and 216,000 in January.

Manufacturing, an area that President Donald Trump has focused on, added 11,000 jobs in March, bringing the total number of people employed in the sector to 12,392,000.

EconomyinFocusJobsEmploymentTrumpcreditCNSNews2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: CNS News.

This growth represents the largest amount of people employed in the sector since former President Barack Obama took office in January 2009.

Since December, the nation has added 49,000 manufacturing jobs and 19,000 government jobs.

As Daily Business News readers are aware, the January, February, and now March reports reflect anticipation of President Trump’s policies, meetings and movement, including the highest Small Business Optimism Index in 37 years from the NFIB.

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Juanita Duggan, President and CEO of the NFIB. Credit, NFIB.

We haven’t seen numbers like this in a long time,” said NFIB President and CEO Juanita Duggan in January.

Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.”

 

 

A View from the Industry

Even with the progress that’s been made, President Trump still faces an uphill battle.

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Tim Williams, OMHA.

As well as the markets and new job creation are already responding to his initiatives, where could we be if there wasn’t a non-stop assault on our new president?” said MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach.

Back in November, Tim Williams told MHProNews that, “I am deeply encouraged that less than 24 hours into President Trump’s term, he has frozen new, potentially burdensome regulations.”  For his full comments, click here.

MHARR CEO, M. Mark Weiss, JD, shared similar thoughts with MHProNews in a story, linked here.

For more on the progress of the Trump Administration, including proposed budget cuts to National Public Radio (NPR) and the Corporation for Public Broadcasting (CPB), click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews

Jobs Go Boom: Employment Numbers Show Trump Effect

March 8th, 2017 Comments off
JobsGoBoomEmploymentNumbersShowTrumpEffectcreditHeathersHomilies-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Heather’s Homilies.

For President Donald Trump, the news regarding jobs made for a great morning.

U.S. private sector job creation surging with nearly 300k created last month. Much more than expected!” tweeted Trump.

Today’s report from global payroll firm ADP provides the first look at hard figures from the President’s first full month in office.

JobsGoBoomEmploymentNumbersShowTrumpEffectcreditUKDailyMail3-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: U.K. Daily Mail, Twitter.

According to CNBC, employment in the private sector surged by 298,000 for the month, with goods producers adding 106,000.

Construction jobs increased by 66,000 and manufacturing added 32,000.

The total exceeded market expectations of 190,000, according to economists surveyed by ADP.

JobsGoBoomEmploymentNumbersShowTrumpEffectcreditCNBC-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: CNBC.

February proved to be an incredibly strong month for employment with increases we have not seen in years,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.

Confidence is playing a large role,” said Mark Zandi, chief economist of Moody’s Analytics on CNBC.

Businesses are anticipating a lot of good stuff — tax cuts, less regulation. They are hiring more aggressively.

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President Donald Trump in Orlando, FL last week. Credit: U.K. Daily Mail.

A further breakdown shows that service jobs led the way at 193,000, with 66,000 coming from professional and business services and 38,000 from health care.

Companies with 50 to 499 employees added the most with 122,000, while small firms added 104,000 and large contributed 72,000.

 

Distractions, Dodges, Delays and Disruptions

Even with job growth, President Trump still faces staunch opposition, distractions, dodges, delays and disruptions.

Billionaire George Soros, who supported Hillary Clinton to the tune of almost $10 million to super PACs, along with connections to funding of Black Lives Matter and other “rent-a-riot” organizations, made his position crystal clear in January at the World Economic Forum in Davos, Switzerland.

WarrenBuffetSupportsTrumpCabinetPicksSorosHasOtherPlanscreditCNBC-postedtothedailybusinessnewsmhpronewsmhlivingnews

George Soros at Davos. Credit: CNBC.

I personally am convinced that he is going to fail,” said Soros.

Failure will come not because of people like me who would like him to fail, but because his ideas that guide him are inherently self-contradictory and the contradictions are already embodied by his advisors.

Soros then elaborated on his comments.

I have described him as an impostor and a con man and a would-be dictator,” said Soros.

But he’s only a would-be dictator because I’m confident that the Constitution and the institutions of the United States are strong enough. He would be a dictator if he could get away with it, but he won’t be able to.

But, not every billionaire sees Trump in a negative light.

SamZellELSCharimanCreditDailyBurinessNewsMHProNews

Sam Zell, ELS Chair, credit, MHProNews.

I think Donald Trump is very smart and has a unique opportunity to change things and lead this country,” said ELS Chairman Sam Zell.

And I think this country desperately is looking for somebody to give us leadership.

 

Impact on MHVille

While the anti-trump side of the media spotlights the Soros-backed “rent-a-riot” protests, businesses are investing billions more in the U.S., and job growth continues, all based upon President Trump’s economic policies.

FromObamatoTrumpAmericaCelebratesProtestsandContemplatescreditCNBC-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: CNBC.

As well as the markets and new job creation are already responding to his initiatives, where could we be if there wasn’t a non-stop assault on our new president?” said MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach.

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com, MHLivingNews.com and MH Consultant.

Back in November, Tim Williams told MHProNews that, “I am deeply encouraged that less than 24 hours into President Trump’s term, he has frozen new, potentially burdensome regulations.”  For his full comments, click here.

MHARR CEO, M. Mark Weiss, JD, told MHProNews similar thoughts, see the story, linked here.

For more on the progress of the Trump Administration, including proposed budget cuts to National Public Radio (NPR) and the Corporation for Public Broadcasting (CPB), click here. ##

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

New Index to Measure Housing Market Progress

September 30th, 2013 Comments off

The National Association of Home Builders (NAHB) is replacing its Improving Markets Index (IMI) with the Leading Markets Index, shifting the focus from improving markets to those that are exceeding their normal levels of housing market progress. The new index will measure the same three components—single-family building permits, home prices and employment—and compare those numbers to when those values were sustainable. For home prices and permits, that was 2002-2003. For employment the year is 2007, before the Great Recession hit. As MHProNews has learned, individual markets will be compared to others, and all 350+ metropolitan markets will be rated.

(Photo credit: Fotosearch–house under construction)

Clinton’s Economic Fix

January 21st, 2012 Comments off

MHProNews has learned from NationalMortgageNews, former President Bill Clinton’s plan to resolve the housing crisis is for underwater borrowers to receive lowered principal and interest rates that match current valuations. Once the market recovers and the house is sold, the bank would get a portion of the sale. This would keep bad debts off the bank’s books. Speaking at the National Retail Federation’s Annual Convention and Expo, Clinton says our economic crisis has become an identity crisis: “It has gone to the core of people’s sense of who they are, what they are worth and how they get through life with meaning.” He says history tells us over the past 500 years it has taken five to ten years for a country to recover from a financial disaster; but crises related to privately-held mortgage debt have required closer to ten years to recover. “If you want America to return to a full-employment economy, you have to accelerate the resolution of the mortgage crisis,” he says.

(Photo credit: Wikipedia)

Former ELS Employee Awarded Benefits

January 18th, 2012 Comments off

ELS logoEquity Lifestyle Properties made headlines this week in a two year old case involving a former employee, apparently fired for working during her lunch break. MHProNews.com learns about the incident from Good Morning America. According to the article, receptionist Sharon Smiley was dismissed two years ago for skipping lunch. Recently an appeals court in Illinois found that denial of her unemployment benefits was “clearly erroneous.” The article also says not following the 30 minute lunch break policy is a violation of Illinois’ labor laws. The report indicates the benefits were initially denied because Smiley had been discharged for misconduct.

(Image Credit: ELS)