Friday, November 1, 2019

Reasons #6409 and #6410 that Trump was Elected

October job creation comes in at 128,000, easily topping estimates even with GM auto strike
Nonfarm payrolls rose by 128,000 in October as the U.S. economy overcame the weight of the GM autoworkers’ strike and created jobs at a pace well above expectations.

Even with a decline of 42,000 in the motor vehicles and parts industry, the pace of new jobs well exceeded the estimate of 75,000 from economists surveyed by Dow Jones. The loss of jobs came due to the General Motors strike that has since been settled. That 42,000 job loss itself was less than the 50,000 or more that many economists had been anticipating.

The unemployment rate ticked higher to 3.6%, in line with estimates, but remains around the lowest in 50 years. A more encompassing measure that includes discouraged workers and those holding part-time positions for economic reasons also edged up to 7%.

The unemployment rate for African Americans nudged down to a record low 5.4%. Also, the total employment level as measured in the household survey jumped to 158.5 million, also a new high.

The pace of average hourly earnings picked up a bit, rising 0.1% to a year-over-year 3% gain, also in line with estimates. The average work week was unchanged at 34.4 hours.
The recession Democrats long for will just have to wait.

Border crisis ‘is over,’ Trump ‘is due credit’
While border apprehensions of illegal immigrants have reached a decade high, they did not hit the projected 1 million in 2019, leading experts to believe that the Trump administration has finally made good on its promise to stop the surge.

“The crisis is over,” said analyst Steven Kopits in a new report on the just-released fiscal year 2019 border crossing data.
Kopits, the president of Princeton Policy Advisors of Pennington, New Jersey, said the summer to fall drop in expected apprehensions followed the Trump administration’s success in getting Mexico and other Central American countries to help with the crisis.


“President Trump is due credit for the reduction in apprehensions,” said Kopits’s report, shared with Secrets.

He said that Trump’s “pressure” on Mexico to help stop the flood of migrants rushing through to the U.S. border “has led Mexico to take effective steps to prevent Central American migrant families from transiting to the U.S. border.”

U.S. officials, in announcing Customs and Border Protection data this week, said that the crisis is not over and by apprehending 851,507 on the southwest border, the numbers show that.

But Kopits noted that the number trailed off after the administration stepped up its efforts on the border, and they are having a significant impact in stopping the surge of illegal immigrants.
 It's not over, but significant inroads are being made. Either that, or most of the people who want to escape Latin America are already here.

Linked at Pirate's Cove in the weekly Sorta Blogless Sunday Pinup and links.

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