Posts Tagged ‘jobs

13
Jan
15

The U.S. Economy Keeps Progressing. Thanks, President Obama

Obama Progress

****

Rich Miller: U.S. Retakes The Helm Of The Global Economy

The U.S. is back in the driver’s seat of the global economy after 15 years of watching China and emerging markets take the lead. The world’s biggest economy will expand by 3.2 percent or more this year, its best performance since at least 2005, as an improving job market leads to stepped-up consumer spending, according to economists at JPMorgan Chase & Co., Deutsche Bank AG and BNP Paribas SA. That outcome would be about what each foresees for the world economy as a whole and would be the first time since 1999 that America hasn’t lagged behind global growth, based on data from the International Monetary Fund. About 3 million more Americans found work in 2014, the most in 15 years and a sign companies are optimistic U.S. demand will persist even as overseas markets struggle.

B67pbfWCAAAjVF5.jpg-large

The U.S. is breaking away from the rest of the world partly because it has had more success working off the debt-driven excesses that helped precipitate the worst recession since the Great Depression. “The progress has been far greater in the U.S.,” Glenn Hubbard, dean of the Columbia Business School in New York and a former chief White House economist, told the American Economic Association annual conference in Boston on Jan. 3. The U.S. has pulled ahead of other industrial nations partly because its policy-making has been better, according to Paul Mortimer-Lee, chief economist for North America at BNP Paribas in New York. U.S. budget policy also has been more effective than the euro region’s austerity strategy, which undercut the continent’s economy, Mortimer-Lee added.

More here

****

****

****

11
Jan
15

The Obama Economy Keeps Moving Forward Without Any Help From The GOP

B66a1lkCYAAZtVq

****

Jason Furman: The Employment Situation In December

1. The private sector has added 11.2 million jobs over 58 straight months of job growth, extending the longest streak on record. Today we learned that total nonfarm payroll employment rose by 252,000 in December, mainly reflecting a 240,000 increase in private employment. Private-sector job growth was revised up for October and November by a combined 50,000 so that over the past three months, private-sector job growth has averaged 280,000 per month. Private employment has risen by at least 200,000 for 11 consecutive months, the first time that has happened since the 1990s.

privateSectorEmployment_sm

2. Total employment rose by 2.95 million in 2014, the most in any calendar year since 1999. Private-sector employers added 2.86 million jobs last year, the strongest private-sector job growth in any calendar year since 1997. The pace of overall job growth has increased, averaging 246,000 per month in 2014, up from 194,000 per month last year. On a percentage basis, the economy is adding jobs at a rate of about 2 percent per year, also on pace for the largest percentage increase in any calendar year since the late 1990s. Crucially, the pickup in the pace of job growth in 2014 has primarily been in industries with higher wages. For instance, the pace of manufacturing job growth has more than doubled to 16,000 per month this year, from 7,000 per month last year, and average weekly earnings for manufacturing workers are about $170 higher than for all private-sector workers. As discussed in greater detail below (see point #4), overall real average earnings have generally been growing, but there is more work to be done to raise wages and address longer-standing challenges around family incomes.

More here

****

****

****

****

****

****

DEFINITION OF ‘WAGE PUSH INFLATION’
A general increase in the cost of goods that is preceded by and results from an increase in wages. In order to maintain corporate profits after an increase in wages, employers must increase the prices they charge for the goods and services they provide. The overall increased cost of goods and services has a negative effect on the wage increase, and eventually, higher wages will be again needed to compensate for the increased prices for consumer goods.

****

****

11
Dec
14

The President’s Day

Barack+Obama+President+Export+Council+_HlzoBKS0kVl

President Barack Obama delivers remarks during a meeting of The President’s Export Council in the Eisenhower Executive Office Building in Washington, DC. Composed of Obama administration officials, elected leaders and executives from the private sector, the council is an advisory committee on international trade

****

****

2014-12-11T171911Z_1420145852_GM1EACC03HA01_RTRMADP_3_UKRAINE-CRISIS-OBAMA

President Barack Obama speaks during a meeting with the President’s Export Council. President Obama expressed caution on Thursday about the possibility of the United States adding more sanctions against Russia for its incursion into Ukraine because it could cause divide Washington and Europe. Also pictured are Boeing President and Chief Executive Jim McNerney and Xerox Chairman and Chief Executive Ursula Burns

Barack+Obama+President+Export+Council+FAeuqfA54fjl

3b88a3d398b2f130670f6a7067008ae7

President Barack Obama meets with the President’s Export Council. The Export Council advises the president on policies and programs that affect trade performance and promote export expansion. Back row, from left are Jeff Zients, Assistant to the President for Economic Policy and Director of the National Economic Council, Commerce Secretary Penny Pritzker, Boeing Chairman, President and CEO Jim McNerney

Barack+Obama+President+Export+Council+hMNegClMNZwl

Barack+Obama+President+Export+Council+Ejg-Sszc4Tkl

The President’s Export Council Chair and Boeing Chairman, President and CEO Jim McNerney listens to President Barack Obama

06
Dec
14

A Tweet Or Two

****

****

In South Carolina, a state with a long and deep history of racial discrimination against African Americans, three white law enforcement officers have been indicted in recent months on charges stemming from incidents in which they shot — and in two cases, killed — unarmed black men.

****

****

The release of the November jobs report Friday morning offered good news for the economy writ large (big job growth, still to be adjusted) and therefore for President Obama. Obama has now observed the release of about three-quarters of the jobs reports that fell under his jurisdiction — 23 more until the presidential election! — meaning, as a corollary, that we now have a pretty good sense of how his tenure will be viewed. Because the economy is so big and so diverse, individual numbers tend to get hard to see in comparison to the overall trend. Health care stands out (here including social assistance workers); it has seen growth month after month after month.

****

****

Continue reading ‘A Tweet Or Two’

05
Dec
14

Jobs, Jobs, And More Jobs. Thanks, President Obama!

****

****

****

****

****

****

****

****

****

****

****

****

BAWSE. :)




@BarackObama

@WhiteHouse

@FLOTUS

@blog44

@PeteSouza

Enter your email address to receive notifications of new posts by email.

@TheObamaDiary

@NerdyWonka

@Lib_Librarian

@Our4thEstate

@DaRiverZkind

@zizii2

Categories

Archives

Blog Stats

  • 29,348,037 hits
January 2015
M T W T F S S
« Dec    
 1234
567891011
12131415161718
19202122232425
262728293031