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“Red Hot Employment” – November Results: Highest Single-Month Manufacturing Jobs Gains in 15 Years…
ZitatThe November jobs reports are coming out and the results are Bigly remarkable. Manufacturing job growth in November was 40,000 new jobs. That’s the highest single month jobs growth in over 15 years. These manufacturing jobs are higher wage jobs. This is the blue-collar-billionaire economic outcome President Trump has been working toward within every economic proposal, policy and initiative.
The first wave of companies (large and small manufacturers of American products) to jump on the Trump economic initiatives, have invested and begun building-out their capacity. Now we begin to see those companies hiring workers to create the products and services.
Overall the U.S. economy added 190,000 jobs in November which is almost twice the number needed to replace retiring workers. The government’s headline unemployment number is currently at 4.1%. For several years we have questioned the methodology behind the unemployment numbers. What we are likely to see is reality forcing the skewered methodology to push that unemployment number below 4%.