Hurricane Harvey and Irma Took Their Best Shots At the Economic Train and Got Run Over Because Of It……..

Folks, a fellow Treeper from the site by the name of joninmd22 shared the following with me:

Meanwhile over at the now NeverTrumper Breitbart:

Disaster! U.S. Economy Lost 33,000 Jobs in September as Hurricanes Hit Hard

I recommended they slit their wrists over there and spare us all their hysterics. John Carney typically when interviewed on BB Radio sounds drunk.

This is a complete LIE because the Economic Train took the best shots that Hurricane Harvey and Irma had and is continuing to destroy the narrative pertaining to our LION and MAGANomics!

What people aren’t telling you about the September Jobs Report that came out today is the following:

– Unemployment according to the U3 Rate went from 4.4% to 4.2% the lowest since early 2001

– Labor Participation rate grew from 62.9% to 63.1%

– Unemployment according to the U6 Rate (includes Americans that stopped looking for jobs) fell from 8.6% to 8.3%

– Average Hourly Earnings went up from 2.5% to 2.9%

From the article linked in the tweet above:

Hurricanes Harvey and Irma are long gone, and despite dire predictions, they did not dampen the September jobs report in most key areas.

The Bureau of Labor Statistics on Friday said the labor force participation rate of 63.1 percent reached a high for the year in September, up two-tenths of a point from August.

The already low unemployment rate dropped another two-tenths of a point to 4.2 percent last month. That is the lowest since early 2001.

The number of Americans not in the labor force declined a bit in September to 94,417,000. The record, set in the final full month of the Obama presidency, stands at 95,102,000 Americans not in the labor force.

And wages are going up: In September, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents to $26.55. Over the past 12 months, average hourly earnings have increased by 74 cents, or 2.9 percent,, BLS said.

Among the major worker groups, the unemployment rates for adult men (3.9 percent) and Blacks (7.0 percent) declined in September.

The video embedded in my tweet is well worth watching!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s