In the history of mankind, many republics have risen, have flourished for a less or greater time, and then have fallen because their citizens lost the power of governing themselves and thereby of governing their state. TR

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“As Long As This Continues, the Recession Will Remain at Bay”: Jobs Grow by 195K

The official Department of Labor estimate is out Friday. But this is an indicator. According to the Wall Street Journal: The nonfarm private sector in the U.S. added over 50,000 more jobs in August than economists expected, helped by strong growth in midsize businesses and in the service sector. The private sector added 195,000 jobs last month, according to the ADP National Employment Report. Economists

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Wage Growth in August was Fastest Since Mid-2009

No, that’s not the headline you see in the mainstream media. But that’s the headline from the latest Labor Department jobs report, which said that wages grew 2.9 percent in August from a year earlier while the economy generated 201,000 new jobs during the month. I’m serious. Go look at the Washington Post and New York Times websites. You don’t even see an article on

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Job Openings Hit a Record High in April

The number of job openings in the country reached 6.7 million in April, a record for the 18 years the Department of Labor has been keeping score. That’s an increase from appoximately 5.46 million openings when President Trump took office. Many of the current openings are in the supposedly moribund manufacturing sector, which Trump had pledged to revive. According to MarketWatch: There were more openings

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Trump Keeps Promise as Manufacturing Jobs Soar

They said it couldn’t be done. They said we don’t make things in America anymore, because the Chinese will do it at slave labor rates. I mean, you don’t want your iPhone to cost more than $1,000, do you? Make ’em work! People said we’d have to move into hi-tech “sunrise” industries that would require everyone to get a college education – and of course,

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Economy Adds Only 138,000 Jobs in May

The U.S. economy added only 138,000 jobs last month, nearly 50,000 fewer than expected, but the unemployment rate fell to 4.3 percent, its lowest level in 16 years. The labor force again shrunk in May, falling two-tenths of a point to 62.7 percent, close to the lowest level since the 1970s. A poor labor participation rate was one of the major criticisms launched by Republicans

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Hiring Slowed in August

Hiring slowed last month as employers added 173,000 jobs, according to the Department of Commerce, perhaps just a bit ahead of the number needed to keep pace with population growth. The slackening growth now makes it unclear whether the Federal Reserve will raise interest rates as it had been expected to do in September. Nevertheless, the unemployment rate declined to the lowest rate since 2008, dropping

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Labor Participation at Lowest Level Since 1977

From the Wall Street Journal: U.S. employers steadily added jobs in June, but wages were flat and the participation rate fell, suggesting pockets of weakness remain in the labor market. Nonfarm payrolls rose a seasonally adjusted 223,000 in June, the Labor Department said Thursday. But revisions to the prior months showed weaker job creation this spring than initially estimated. Employers added 254,000 jobs in May,

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Economy Added 280,000 Jobs in May

The U.S. economy added 280,000 jobs in May, suggesting economic growth is rebounding from the contraction in the first quarter of the year. The unemployment rate crept up from 5.4 percent to 5.5 percent, but that was likely because more people were entering the job market as hiring increased. Economists had been forecasting a gain of about 225,000 jobs. Average hourly earnings also grew, by 0.3

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U.S. Economy Added 223,000 Jobs in April

The U.S. economy added 223,000 jobs in April and the unemployment rate dipped a tenth of a percent to 5.4 percent, the Department of Labor reported this morning. The unemployment rate is now at a seven-year low, and the solid jobs growth amidst an economic slowdown in the last two quarters signals the economy may be picking up again. However, not all signs were good. The

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Jobs Number a Vast Disappointment

In a sign the U.S. economy may be in trouble, hiring declined sharply in March, with employers taking on only 126,000 new workers, far fewer than anticipated. According to the Wall Street Journal: U.S. employers sharply slowed their hiring in March to the weakest pace in more than a year, the latest sign that the economy stumbled during a first quarter that was hampered by

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Why Employment is Really Declining

Every month, we get some kind of increase in the jobs numbers – often lackluster and barely ahead of population growth – and every month, the White House effuses that we’ve seen 20 months in a row of job growth while carefully adding, in case those without jobs start bitching about it, there’s more work to do. Well, turns out there’s even more work to do

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