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Labor Day Origins, U.S. Income and Job Growth, is the Trump Administration’s plan working?

September 4th, 2017 Comments off
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Featured image credits, MHProNews/Pixabay.

Over the years holidays change, and some can tend to lose their original meaning.

For Labor Day, the holiday was meant to recognize the working class.  While that meaning isn’t forgotten, today the holiday has become a marker for the transition from the summer into fall.

Millions today enjoy BBQs, swimming, or other ways of celebrating the end of the summer months. Meanwhile, millions of others will work today. In that dichotomy, some see wisdom in taking a few moments to remember why the holiday was created in the first place.

To celebrate the average worker and his contribution to society.

Labor Day Origins

The first ever Labor Day celebration on record, per the U.S. Census Bureau, was likely September 5, 1882. On that day, around 10,000 workers in New York gathered for a parade.

Over the next couple years, similar celebrations popped up throughout the nation.

It was 1894 that then President Grover Cleveland signed the bill officially designating the first Monday in September as Labor Day.

The problem with declaring a single “founder” of Labor Day is that, at the time, no one realized that a new national holiday was being born. It was only after the fact that people tried to pinpoint a single founding father,” said Linda Stinson, a former U.S. Department of Labor’s historian, per AL.

So the historical conundrum seems to hinge on the fact that the two names sound alike and were probably mixed up in the common consciousness. Toss in the years of bitter rivalry between the American Federation of Labor and the Knights of Labor and, of course, you’re going to have multiple heroes emerging in the legend of Labor Day.”

An Overview of U.S. Labor Statistics

The unemployment rate in the United States, as of August 2017, is 4.4 percent, per the U.S. Bureau of Labor Statistics (BLS). This number has remained stable since April, at 4.3-4.4 percent each month as we reach what some economists are calling “full employment.”

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Unemployment rates in the U.S. from August 2015 to August 2017. Image credit, U.S. Bureau of Labor Statistics.

You can download the full report from the U.S. Bureau of Labor Statistics here.

Over the last few years the unemployment rates have continued to drop. Now, incomes are finally starting to rise as well.

You can download the “Income and Poverty in the United States: 2015” report from the U.S. Census Bureau here.

IncomeandPovertyCreditUSCensusBureauDailyBusinessNews

Click the image above to download the Income and Poverty in the United States: 2015 report from the U.S. Census Bureau. Image credit, U.S. Census Bureau.

More recently, a report from Sentier Research says that annual household incomes have increased to $59,361 as of April 2017.

This is up 2 percent from January, and a record-high since February of 2002.

There is debate over whether this is just the economy finally leveling out again after the recession, or if this points to positive impacts of the Trump Administration since the inauguration in January, per Investors.

According to the U.S. Census Bureau, 159.8 million people age 16 and older currently make up the U.S. workforce, as of May 2017.

How These Statistics Apply to the Manufactured Housing Industry

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Image credit, AL.

Many of the occupations on the list to the left are being served by professionals in the manufactured housing (MH) industry. Some of those retail sales people also sell manufactured homes.

Other occupations found within the industry include customer service reps, general and operations managers, general laborers, administrative assistants and more.

Another important note for industry professionals, is that with income growth will come more people looking to buy homes.

For families making under the median income, who have still seen increases in their annual income, manufactured homes are the ideal option for quality and affordability.

With the proper local promotion of the benefits of manufactured homes – especially as news about FEMA, HUD and others rushing to get Hurricane Harvey survivors out of shelters and into homes – many more might look towards the more affordable and durable option for housing.

Is the Trump Administration Improving the Job Markets?

President Trump, during his campaign, promised that he would create more jobs than any other president.

So far, there have been over a million jobs created since Trump took office in January, per Politico.

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Image credit, New York Daily News.

Last week when the Labor department announced that 209,000 jobs were added in July, president tweeted, “Excellent Jobs Numbers just released – and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!”

Plans the Trump Administration have for increasing jobs and wages in the U.S. include cutting down on illegal immigrants coming into the U.S., loosening restrictions and regulations, tax reform and a repeal-and-replace of ObamaCare, new trade deals and more. This can all have a positive impact on job creation and boosting wages.

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However, just on what the administration has gotten done so far, the economy has already seen improvements, as the Daily Business News has previously reported.

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Unemployment is the lowest it’s been in years – and the nation has nearly reached “full employment.” On top of that, wages are – albeit too slowly for many – on the rise after years of being stagnant.

Happy Labor Day, from MHProNews!  As the markets are closed, their is no stock market report today. ## (News, analysis.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

JuliaGranowiczManufacturedHomeLivingNewsMHProNews-comSubmitted by Julia Granowicz to the Daily Business News for MHProNews.

 

 

 

 

 

Markets Closed for Memorial Day

May 29th, 2017 Comments off

Arlington Nation Cemetery in Washington, D.C. Credit: Wikipedia.

The U.S. Stock Markets are closed today, in deference to the Memorial Day holiday. Normally known in the U.S. as the “gateway to summer,” Memorial Day is a significant homage to those who have made sacrifices.

Per Wikipedia, Memorial Day is a federal holiday in the United States for remembering the people who died while serving in the country’s armed forces.

The holiday is currently observed every year on the last Monday of May. It marks the unofficial start of the summer vacation season, while Labor Day marks its unofficial end.

Many people visit cemeteries and memorials, particularly to honor those who have died in military service. Many volunteers place an American flag on each grave in national cemeteries.

Memorial Day is not to be confused with Veterans Day; Memorial Day recalls the men and women who died while serving our country, while Veterans Day celebrates the service of all U.S. military veterans.

Following President Abraham Lincoln’s assassination in April 1865, commemorations were ubiquitous. The sheer number of soldiers of both sides who died in the Civil War (more than 600,000) meant that burial and memorialization took on new cultural significance. Under the leadership of women during the war, an increasingly formal practice of decorating graves had taken shape.

In 1865, the federal government began creating national military cemeteries for the Union war dead.

For a look at Friday’s Market Report, click here.

The management and team of MHProNews would like to extend our deepest thanks to those who made the ultimate sacrifice for our safety and freedom. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

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RC Williams, MHProNews.

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

 

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Stock Markets Closed Today in Celebration of Labor Day

September 7th, 2015 Comments off

new york stk exch current  wikipediaAll U. S. stock markets are closed today in honor of the men and women who keep our economy churning.

For relevant statistics regarding employment, past and present in the United States, please click here.

(Photo credit: wikipedia commons)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Manufactured Housing’s Labor Day 2014

September 1st, 2014 Comments off

labor-day-manufactured-housing-daily-business-news-mhpronews-com-Wikipedia says: “Labor Day in the United States is a holiday celebrated on the first Monday in September. It is a celebration of the American labor movement and is dedicated to the social and economic achievements of workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of their country.”

MHProNews.com celebrates the contributions of all workers, and wishes all a happy Labor Day.

Since the markets are closed, there will be no stock report today. ##

 

 

(Image credits: composite from WikiCommons and Labor Day graphic, MHProNews) 

Markets Closed Today, Happy Labor Day

September 2nd, 2013 Comments off

labor-day-we-can-do-it-world-war-2-poster-archives-gov-posted-manufactured-housing-pro-news-mhpronews-The stock markets are closed today, in observance of the labor day holiday. MHProNews wishes all a happy Labor Day.

Speaking of time off and holidays, the Daily Business News’ industry in focus reporter Matthew Silver has been on holiday the last two weeks. Silver returns tomorrow to resume the news that impacts or reflects on factory built housing professionals.

Publisher and industry consultant L. A. “Tony” Kovach and his immediate family – Soheyla and Tamas Kovach – will be moving to sunny Florida soon. Watch for their new business phone and address soon on LATonyKovach.com. ##

(Image credit: Wikicommons)

 

Manufactured Home Taxes due in Minnesota

August 16th, 2013 Comments off

The first half of 2013 manufactured home taxes for Crow Wing County, Minnesota are due Aug. 31, but because that is a Saturday, and the following Monday, Sept. 2 is Labor Day, the due date has been extended to Tue., Sept 3. As MHProNews has learned from brainerdddispatch.com in central MN, late payments will be assessed an eight percent penalty.

(Photo credit: archerland2005/flickr)

U.S. Stock Markets Closed Today

September 3rd, 2012 Comments off

All U.S. stock markets are closed today in observance of Labor Day.The markets will re-open Tue., Sept. 4 at 9 AM.

(Photo credit: Wikipedia–New York Stock Exchange)