Jobs report blows away all expectations

Sundance reports in the Conservative Treehouse,

Jumpin’ ju-ju bones, the October jobs report has blown away all expectations in every possible metric. It’s not just the top-line job gains, the two-month revisions are huge.

The Bureau of Labor Statistics (BLS) report for October shows 128,000 job gains, and that number includes absorption for negative impacts due to -20,000 census workers coming off federal payrolls and -42,000 striking auto-workers. Far better employment numbers than all projections and estimations.

Additionally, the prior two months had massive upward revisions. August was revised up by 51,000 (from +168,000 to +219,000), and the change for September was revised up by 44,000 (from +136,000 to +180,000). With these revisions, employment gains in August and September combined were 95,000 more than previously reported (BLS Link).

Read and watch much more here.

The United States has added 1.07 million jobs during Trump's six months in office.

hat tip Diogenes M F

A short-lived victory?

Stephen Green links to a story at The Blaze by Sara Gonzales in which the CEO of Carrier admits that Carrier plans to automate their Indiana plant.

CEO of Carrier’s parent company United Technologies, Greg Hayes, confirmed to CNBC this week that it would ultimately mean fewer jobs available at the facility.

“We’re going to…automate to drive the cost down so that we can continue to be competitive,” Hayes said.

“Is it as cheap as moving to Mexico with lower cost labor? No. But we will make that plant competitive just because we’ll make the capital investments there. But what that ultimately means is there will be fewer jobs.”

In lieu of moving to Mexico, Carrier decided to stay in the United States and save 800 out of 1,400 jobs at the plant, in the short-term future. Carrier would not comment on how many of the 800 remaining jobs would be replaced by automation, or when that would happen.

Read more here.