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‘Keeps on Chugging’: Unemployment Down and Wages Up in ‘Strong’ and Record-Setting June Jobs Report

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Economists are calling the June jobs report “strong,” and “solid,” with 209,000 jobs added bringing unemployment down to a near-50-year low of 3.6%. 220,000 to 240,000 jobs were predicted, but experts say historically 200,000 jobs created in one month is still impressive.

The Washington Post calls it “a slow but steady gain,” and adds experts say the U.S. will mostly likely not fall into recession.

“Bloomberg Economics, which last fall forecast a 100 percent chance of a recession by October, now says the country will ‘narrowly dodge’ a downturn this year. Major banks including Goldman Sachs and Barclay’s are watering down recession predictions, in large part because of the job market’s resilience,” The Post reports.

And The New York Times adds, “with rising wages and low unemployment, the labor market remains resilient.”

“It’s a good solid straight down the middle, this little engine just keeps on chugging along payrolls report,” says University of Michigan professor of economics Justin Wolfers, who is also a senior fellow at the Brookings Institution. “Job growth is definitely slowing,” he adds.

READ MORE: Boebert Democratic Challenger Sets Multi-Million Dollar Fundraising Record

“Bidenomics continued its underacknowledged winning streak in June,” is how The New Republic‘s Timothy Noah reported June’s jobs numbers.

“Everybody should calm the hell down,” he adds, after calling the 209,000 jobs created number “somewhat of a triumph” while noting interest rates will likely rise and the stock market dropped after the jobs data was released.

“What today’s job numbers show is that the Biden economy is proving much harder to push into recession than the Fed reckoned on. I’d like to tell you why, but I don’t know. Nobody does. But the bottom-line reality check: That is very good news.”

The June jobs report also brings some record-breaking results.

Thursday night former Biden White House Chief of Staff Ron Klein noted, “if tomorrow’s official unemployment rate is below 4%, we will have achieved the longest stretch of sub-4% unemployment on record.”

It is. We have.

Washington Post columnist Catherine Rampell notes women 25-54 working or seeking work has also just hit a record high, as has the rate of women having jobs.

The Council of Economic Advisers calls it “the highest rate since modern data began in 1948.”

READ MORE: Trump Judge’s Controversial Injunction Against Biden Hands Disney ‘Open and Shut’ Case Against DeSantis: Legal Expert

Wolfers notes the employment rate for people with a disability hit the highest rate ever recorded.

Democratic strategist, think tank founder, and political analyst Simon Rosenberg points out with these new numbers President Joe Biden has created seven times as many jobs as the last three Republican presidents combined.

He also says the average number of jobs created under GOP presidents was 10,000 per month.

READ MORE: Citing God and Attacking Biden, Kevin McCarthy Says US Should ‘Make China and India Dependent on American Natural Gas’

According to Rosenberg, under President Biden the U.S. has seen “the lowest peacetime unemployment rate since WWII,” “the lowest unemployment rate in 50 years,” “the lowest [health care] uninsured rate ever,” and “the lowest poverty rate ever.”

The Atlantic’s Derek Thompson notes over the past few years, “real wages have surged for the low-income, wiping out a quarter of the 40-year increase in inequality.”

But the Washington Post also notes that “the Black unemployment rate, which had reached a record low in April at 4.7 percent, rose in May and June again, to 6 percent. A wide body of research shows that Black workers are the first to lose their jobs in economic downturns.”

Read the tweets above or at this link.

 

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Five of the Wildest Things Trump Said at His Black History Month Celebration

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A jovial President Donald Trump hosted a Black History Month celebration on Wednesday, ad-libbing many remarks that drew online criticism.

‘He’s Not a Racist. He’s My Friend’

“Talk about a piece of work, but he could fight, couldn’t he, huh?” Trump said. “Mike Tyson, boy, I tell you, Mike has been loyal to me. Whenever they come out, they say, ‘Trump’s a racist.’ You know, it’s like a saber. ‘Trump’s a racist.’ Mike Tyson goes, ‘He’s not a racist. He’s my friend.’ He’s been there from the beginning. Good times and bad. But Mike Tyson’s a great guy, and he was so loyal, always been loyal.”

Trump went on to mention his “great friend,” former NFL player Lawrence Taylor, “the greatest defensive player, probably, in the history of football, he’s a great friend of mine.”

Historically Black Colleges and Universities

Trump called Assistant Attorney General Harmeet Dhillon “Harmeet Diller,” then asked her about suing “extremely discriminatory” Harvard University. “You keep suing them, the h — — with them,” he said, to laughter.

“I like the Historically Black Colleges and Universities, which I saved,” he claimed — crediting himself for signing bipartisan legislation that secured funding for them in 2019. “They had no funding,” he said.

“We took care of the Historically Black Colleges and Universities, and it was a great thing to do,” he added.

‘Sometimes, We Have to Force Ourselves Upon Them’

Apparently referring to deploying federal forces into U.S. cities, Trump told the audience, “We’re doing it, in a lot of cities. Sometimes we have to force ourselves upon them because they’re so bad. And I don’t even think they know what’s happening to their cities and their towns.”

Confusion between The Bahamas and Bermuda

Speaking of former football great and failed Republican senatorial candidate Herschel Walker, whom Trump endorsed, the president said, “Herschel Walker — speaking about loyal — how good a football player was Herschel? Herschel Walker, now he’s Ambassador to The Bahamas — I don’t know, Bahamas, Bermuda, is he Bahamas? Whatever. It’s a nice place.”

Nicki Minaj

“Jazz, the blues, from rock and roll to rap, Black artists like Chuck Berry, Muddy Waters — How about Nicki Minaj? Do we love Nicki Minaj? Right? I love Nicki Minaj,” Trump said.

“She was here a couple of weeks ago. So beautiful. Her skin’s so beautiful. I said, ‘Nikki, you’re so pure.’ Her nails, her nails, they’re, like, that long.”

“I said, I said, ‘Nicki, are they real?’ And she said — she didn’t want to get into that.”

“But she was so beautiful and so great, and she. And she gets it, you know, more importantly, frankly, she gets it.”

 

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‘You’re Kidding Right?’: WH Press Secretary Stunned Over ‘Falsely Called Racist’ Question

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White House Press Secretary Karoline Leavitt appeared stunned when a reporter asked her for examples of President Donald Trump falsely being called a racist.

The president this week used his statement on the death of Reverend Jesse Jackson to argue that he is not a racist.

“Despite the fact that I am falsely and consistently called a Racist by the Scoundrels and Lunatics on the Radical Left, Democrats ALL, it was always my pleasure to help Jesse along the way,” he wrote.

On Wednesday, a reporter asked, “Where or when does the president believe he’s been falsely called racist?”

Leavitt replied, “You’re kidding, right?”

READ MORE: Trump’s Wild 24 Hour Truth Social Frenzy

“I will pull you plethora of examples,” she said, vowing to get her team “going through the internet of radical Democrats throughout the years … who have accused this president falsely of being a racist, and I’m sure there’s many people in this room and on network television, across the country, who have accused him of the same.”

“In fact, I know that because I’ve seen it with my own eyes,” she said, before noting that Trump is hosting a Black History Month celebration later on Wednesday.

Trump, she said, will “talk about how his policies are advancing opportunity and prosperity for all Americans through record tax cuts, through the Trump accounts that all Americans can access regardless of race.”

“These are a great thing,” she continued, before noting that the president “has also awarded hundreds of millions of dollars in additional funding to strengthen educational outcomes at historically Black colleges and universities, across the country.”

READ MORE: ‘Gaslight America’: Marjorie Taylor Greene Blasts Trump Ahead of His Trip to Georgia

She also said that Trump is “protecting the hard-earned benefits of the 2.4 million Black veterans who honorably served in our nation’s armed forces by reducing the Black backlog of veterans waiting for their VA benefits, and for their home loans through the Department of Veterans Affairs.”

“So, there is a lot this president has done for all Americans, regardless of race, and he has, absolutely, been falsely called and smeared as a racist, and I’m happy to provide you those receipts,” she added.

READ MORE: ‘Republicans Have to Lose’: Far Right Extremist Leader Puts Trump on Notice

 

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‘Gaslight America’: Marjorie Taylor Greene Blasts Trump Ahead of His Trip to Georgia

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Former Republican U.S. Rep. Marjorie Taylor Greene is sharply criticizing President Donald Trump ahead of his Thursday trip to her former district, where he made — and then apparently forgot — an endorsement in the race to fill her old House seat.

“Well, we have a lot of people that want to take Marjorie ‘Traitor’ Greene’s place,” Trump said on Monday, as The Daily Beast reported. “Many, many candidates, and I have to choose one.”

Greene ignored Trump’s gaffe, but hit him, his administration, and her former Republican colleagues head-on in a post on X where she accused them all of trying to gaslight the American people.

“If you had put America FIRST from the start, instead of your rich donor class and foreign policy, you wouldn’t have to strategize on how to gaslight Americans,” wrote Greene, a former top Trump ally.

READ MORE: Trump’s Wild 24 Hour Truth Social Frenzy

“If you had not called the Epstein files a hoax and treated the Epstein survivors (rape and trafficking victims) like they didn’t exist and if you would release all the files and put your rich powerful friends in prison then Americans might actually listen to your ‘messaging,'” she charged.

Mocking them all as on the “struggle bus,” Greene explained the situation her former constituents now face.

“Approximately 75,000 households in my former district had their health insurance double or more on January 1st of this year because the ACA tax credits expired and Republicans have absolutely failed to fix our health insurance system that was destroyed by Obamacare,” she said.

Republicans have blocked Democrats’ efforts — including a federal government shutdown over the expiring Affordable Care Act subsidies — to prevent the health care premiums crisis.

Greene said that hundreds of thousands of people in her former district saw their health insurance premiums double last month.

“Many dropped their policies and no longer have health insurance,” she wrote. “And that’s on top of EVERYONE ELSE who complains DAILY about the absurdly high cost of health insurance!!!”

She said the billionaires running the White House, the Trump administration, and Congress aren’t affected by the high health insurance premiums, noting that all of them have “very nice affordable government health insurance plans.”

READ MORE: ‘Republicans Have to Lose’: Far Right Extremist Leader Puts Trump on Notice

“I’m talking about younger healthier people and families not on meds who can’t afford to pay $1500 to more than $2000 per month just for their monthly health insurance premiums,” she wrote, “not including $7-10,000 for a deductible before their ridiculously expensive health insurance policy kicks in.”

Greene also took a shot at House Speaker Mike Johnson, who, she said, “claimed he had the Republican plan during the 8 week shutdown in the fall, then carried on and has done nothing proving he lied once again.”

She also blasted Trump’s “messaging” efforts.

“Trump RX doesn’t fix this so that’s not your messaging answer,” she wrote. “A Truth Social Post or Trump video isn’t fixing this either.”

“Messaging won’t fix this,” she added.

Greene then moved on to foreign policy, warning Trump not to go to war with Iran. She also urged him to release the Epstein files, and told him to “stop the bullying, harassment, and name calling.”

“It’s immature, childish, and turning so many people away. Real leaders don’t act this way and it’s a horrible example set on the world’s stage. This isn’t the behavior we want to teach our children.”

“Deliver real results for the regular American people because respect is earned not given,” she said.

READ MORE: ‘Insulting’: Fox News Panel Implodes as Host Clashes With Liberal Guest Over Voter ID

 

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