The US
added 225,000 non-farm jobs in January 2020.
1/20 Net Job gains
225,000
Job gains
1/20
Construction 44,000
Healthcare 36,000
Education 36,000
Hospitality 36,000
Transportation 28,000
Professional 21,000
Government 19,000
Other
Services 14,000
Wholesale 8,000
Information 5,000
Total 247,000
Job
losses 1/20
Manufacturing -12,000
Retail -8,000
Utilities -1,000
Financial -1,000
Total -22,000
The US
Jobs Reports was adjusted down from earlier reports and may be subject to
further revisions. According to BLS, the US added 1,949,000 total non-farm jobs
in 2019. The monthly average for 2019 was 162,417.
12/19 147,000
11/19 261,000
10/19 185,000
9/19 208,000
8/19 207,000
7/19 194,000
6/19 182,000
5/19 85,000
4/19 210,000
3/19 147,000
2/19 1
1/19 269,000
2019 1,949,000
Ave 162,417
Year US
Jobs Added Monthly Average
2019 2,185,000 182,083
2018 2,349.000 195,750
2017 2,351,000 195,916
2016 2,308,000 192.333
The US
Labor Force Participation Rate for 1/20 was 63.4%
The US
needs 7 million more manufacturing jobs to restore the middle class. Most of
these jobs came from rural counties and need to return to these counties. It
took 30 years to off-shore US manufacturing and we are in the 4th
year of restoring these jobs back to the US.
The US
consumers saw all of its manufacturing companies abandon the US and load the US
with foreign made goods. The off-shoring was initially caused by foreign
governments requiring US companies to move its manufacturing operations to
their countries in exchange for letting them sell products into their
countries.
Off-shoring
began with labor-intensive apparel industries like shoes and clothing in the
1960s and began to include automobiles and home appliances in the 1960s and
1970s. US appliance brands began to
disappear and were replaced by foreign company brands. By the 1980s, autos from
Japan and Germany were beginning to dominate US consumer markets, because US
auto makers ignored the need for fuel efficiency and foreign manufacturers
offered better cars with better mileage and better value.
In the
1980s, the US had a resurgence of electronics design and manufacturing by
launching the PC and Telecom development cycles, followed by Internet Access
and Cell Phones in the 1990s.
By the
1990s, US companies were working on Lean Management Process Control and were
solving the Quality problems in their manufacturing processes using targeted
automation. This allowed US companies to off-shore total manufacturing
processes to other countries to avoid excessive US taxes and regulations.
Congress remained asleep at the switch.
By the
2000s, US off-shoring and excessive taxes and regulations had effectively
killed the US middle class. Bad policies also increased welfare migration and
US Household Incomes went flat and the National Debt doubled from $5 trillion
to $10 trillion
The
Financial Meltdown in 2008 provided the final thump on the US economy and the
National Debt doubled again from $10 trillion to $20 trillion.
In 2016,
US Voters sent Trump to restore the US economy. Trump cut taxes and regulations
and reduce welfare migration. He ended Climate Change regulations and increased
oil and gas production. Trump is on track to build the wall and end open
borders and Illegal Immigration and return to Immigration based on Merit and
Labor needs. Trump is also on track to reduce excessive healthcare and
education costs. Trump is reducing the $800 billion annual US Trade Deficit
using bi-lateral trade agreements and Tariffs. Trump restored the US Military and
is replacing War with Sanctions.
The US
Communist movement that embedded itself in the Democrat Party over100 years ago
is going nuts. Trump is reversing socialist policies and is about to drain the
swamp.
Norb
Leahy, Dunwoody GA Tea Party Leader
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