Posts Tagged ‘unemployment rate’

President Trump at 100 Days: Numbers, Polls

April 25th, 2017 Comments off

Credit: KCTV 5.

As President Donald Trump reaches the magic 100-day mark in office, new polling and statistics show that many American’s believe he’s getting the job done.

According to Lifezette, approximately 73 percent of American voters approve of President Trump’s performance in fighting for American jobs in an ABC News/Washington Post poll released this past Sunday.

As noted, this poll finds no evidence of buyer’s remorse among Trump supporters,” the polling analysis read.

Among those who report having voted for him in November, 96 percent today say it was the right thing to do; a mere 2 percent regret it. And if a rerun of the election were held today, the poll indicates even the possibility of a Trump victory in the popular vote among 2016 voters.”

The poll surveyed over 1000 voters, with the goal of measuring President Trump’s performance during his first 100 days in office. The poll also showed that a significant majority of Americans believe the President is keeping the pressure on U.S. based companies to keep jobs in the country, and 53 percent see the President as a strong leader.


Credit: Heather’s Homilies.

In addition, data from the Bureau of Labor Statistics (BLS) shows that over the first 100 days, the unemployment rate for 16-24 rear olds has decreased from 10.1 percent to 9.1 percent; the rate for 20-24 year olds has decreased from 8.3 percent to 7.3 percent, and the rate for 25-34 year olds has decreased from 4.9 percent to 4.5 percent.

Over 317,000 non-farm jobs have been created, and there have been surges in both the construction and manufacturing sectors.

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

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


April 26 marks First Lady Melania Trump’s birthday, shown here in a photo with her husband, President Donald Trump and their son, Barron. Credit: People, shown under fair use guidelines.

A View from the Industry


Todd Lamb.

Even with the progress that’s been made, President Trump still faces an uphill battle. While there are certainly skeptics in the industry, MHProNews routinely hears from those who are happy and encouraged by the president’s efforts and actions.

This week, Todd Lamb of Lamb Investments told MHProNews,  “Pray for Donald Trump, the President is under constant attack.”

MHARR CEO, M. Mark Weiss, JD, shared similar thoughts with MHProNews in a story, linked here. MHARR’s top staff have praised the early Trump Administration efforts, as the video shown above demonstrates.


L A ‘Tony’ Kovach, credit, MHVillage.

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.

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, and when provided by third parties, are shared under fair use guidelines.)


RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews

The U. S. Unemployment Rate Revisited–with a Vengeance

September 8th, 2015 Comments off

zerohedge_bureau_of_labor_statisticsFollowing the news that 173,000 more Americans found work in August, and the unemployment rate has fallen to 5.1 percent, the lowest rate since 2007, do take note here of MHProNews Publisher L. A. “Tony” Kovach’ Shocking Labor Day Facts and Statistics.

The Federal Reserve admitted the unemployment rate has become largely irrelevant since 94 million people have left the work force. As it ponders when to raise the interest rates, based in part on the unemployment rate—irony of ironies—there is a labor statistic that does bear some significance, one that could play a significant role in the upcoming presidential race.

Since 2007, 790,000 native-born Americans have found work compared to 2.1 million foreign-born Americans who have hired on, as zerohedge tells MHProNews. In August alone, 698,000 native-born Americans lost their jobs, while 204,000 foreign-born Americans got jobs.

Please see chart. ##

(Graphic credit: zerohedge, Bureau of Labor Statistics)

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

Regional Fed Head Says Interest Rate Will Remain Low

July 1st, 2014 Comments off

John Williams, president of the Federal Reserve Bank of San Francisco, while expressing optimism the economy is well on its way to recovery, says the Fed will need to keep interest rates near zero until the middle of next year. Speaking to members of the Utah and Montana Bankers Association, he said with inflation rising back to normal levels, unemployment falling and economic growth returning, the Fed is tapering its stimulative bond-buying program and intends to end it this fall. The Fed’s swollen balance sheet of over $4 trillion will hopefully shrink at some point to contain no mortgage-backed securities, according to Williams predicts gross domestic product (GDP) will grow more than three percent through the end of this year, as unemployment falls to six percent, eventually dropping to 5.5 percent by the end of 2015, as MHProNews understands. ##

(Image credit: Federal Reserve Bank)

Job Growth Continues in May

June 6th, 2014 Comments off

U. S. employers added 217,000 jobs in May, continuing four months of significant job growth that now averages 234,000 for the past three months, although it is a drop from the 282,000 added in April. Following a slow start to the year, often blamed on the severe winter weather, the previous three month average was 150,000 more jobs each month, according to what informs MHProNews. However, the unemployment rate, which is based on a separate set of figures, remained at 6.3 percent. ##

(Photo credit:–lunch box and thermos)

Job Growth Keeps Pace with Population Growth

July 5th, 2013 Comments off

While the unemployment rate remained at 7.6 percent, job growth in June hit 195,000, 40,000 more than economists expected and equal to the revised rate for May, 2013. While construction and manufacturing changed little, the biggest gains were in leisure and hospitality (up 75,000), professional and business services (up 53,000) and retail (up 37,000). While noting that three-fourths of the new jobs would qualify as low-quality work, J. J. Kinahan, of TD Ameritrade, says wages grew faster in June than the 12-month average. Economists say this level of job growth just keeps pace with the population level, and pales compared to the 250,000 jobs created monthly during the 1990’s, according to CNNMoney. As MHProNews understands, job growth is key to a healthy housing market.

(Photo credit: ebay)

Federal Reserve may Taper Stimulus Program this Year

June 14th, 2013 Comments off

With concerns growing over when the Federal Reserve Bank will slow its quantitative easing and the subsequent effect on the economy, of 39 economists and investment advisors surveyed, nearly two-thirds do not think it will begin before Dec. 2013, and some not till 2014. As MHProNews has learned from CNNMoney, while the intent of the Fed’s policy has been to keep interest rates low in order to allow businesses and consumers to borrow money, it has also provided meager returns on savings. Federal Reserve Chief Ben Bernanke is scheduled to speak at a press conference Wed. afternoon and may give hints as to the Fed’s plans. “The markets don’t like uncertainty,” said Allen Sinai, chief global economist for Decision Economics. “The Federal Reserve should clarify the uncertainty as soon as possible –which would be Wednesday.” In the past the Fed has suggested it intends to keep rates low until the unemployment rate reaches 6.5 percent.

(Image credit: Wikipedia)

New Home Sales Best in Six Years

March 21st, 2013 Comments off

HousingWire informs MHProNews Freddie Mac says this spring homebuying season will be the best since 2007, with home sales increasing 8-10% and housing starts rising to 950,000 units, compared to 2012’s 780,000 starts. Frank Nothaft, chief economist and vice president of Freddie Mac says, “It will be the gradually declining unemployment rate and steadily improving housing market that will deliver broad-based economic benefits for Americans and, in turn, support the overall recovery.”

(Image credit: HousingWire)

Construction Jobs Adding Up

March 11th, 2013 Comments off

U.S. employers added 236,000 jobs in February, including 48,000 construction jobs, reflecting the upswing in the housing market. As MHProNews has learned from CNNMoney, the unemployment rate dropped to 7.7 percent, its lowest level since 2008. In the last five months builders have added 151,000 construction jobs, the highest number in seven years. Home prices, sales and building permits are up, foreclosures and interest rates are down, and the National Association of Home Builders (NAHB) says residential construction employment will be five times the rate in 2012. Still, the industry remains one million workers short of the levels seen in 2003. Meanwhile, the real estate industry added 13,400 employees in the last three months.

(Photo credit: National Association of Manufacturers)

Housing Shortage has Unintended Consequences

February 22nd, 2013 Comments off

As MHProNews has reported in the Daily Business News for several years now, the oil boom in western North Dakota’s Bakken Region has brought an influx of factory-built housing to the area, including modular man camps, manufactured and modular homes, even some Federal Emergency Management Agency trailers to house employees of Williston State University in Williston. Bloomberg reports employees of one of the energy companies live in modular housing trucked over from the Winter Olympics in Vancouver. The housing vacancy rate and the unemployment rate are both under one percent, leading some major employers to purchase housing for their employees, or risk not having workers who will have been lured away to the higher-paying jobs in the oil fields. A hospital is building a 68-unit apartment building just for its employees; a local bank is charging employees one-third of the market rate for townhomes it bought just to retain staff. Some restaurants are only open certain days because of a staff shortage. With the oil boom expected to last for a while, North Dakota is now the second largest crude producer in the nation behind Texas.

(Photo credit: dl-online/Homark Homes–modular man camps))

Fed Prez: Bring on More Stimulus

January 17th, 2013 Comments off

CNNMoney informs MHProNews the president of the Federal Reserve Bank of Minneapolis, Narayana Kocherlakota, says the Fed should do more to lower the unemployment rate. “I would say that my outlook for unemployment and my outlook for inflation both point to a need for more accommodation than is currently being provided by the FOMC (Federal Open Market Committee),” he stated in a talk to the Financial Planning Association of Minnesota. While not a voting member of the FOMC, he has the opportunity to voice his opinion at the policy making meetings, and says the Fed should aim for an unemployment rate of 5.5%. That, he says, will increase the demand for goods but keep inflation below 2.5%. According to minutes from the Dec. meeting, some members believe the central bank should cease the asset purchases this year, others want to maintain the buying at its current level.

(Photo credit: Craig Lassig/Bloomberg via Getty Images–Narayana Kocherlakota)