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‘Another Blockbuster Month’: Unemployment Drops Even More, Wages Continue to Outpace Inflation

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Economic experts are happily surprised by the just-released March jobs report, which – contrary to expectations – saw unemployment has dropped further, overall employment has grown, and wages continue to outpace inflation.

“Another blockbuster month for jobs. The US economy added 303,000 jobs in March — way above expectations. The big gains were healthcare (72k) and gov’t (71k),” The Washington Post’s Heather Long writes. “Unemployment rate: 3.8% (vs 3.9% in Feb) Wage growth: 4.1% in past year (well above 3.2% inflation).”

Or, as CNBC’s Carl Quintanilla sums up the wages and inflation numbers: “Wage growth: 4.1% > Inflation: 3.2%”

Today’s 3.8% unemployment rate is far below what economists consider “full employment,” often defined as unemployment at 5% or below.

“This is truly about as close to full employment as the US has managed to get outside of wartime mobilization,” notes Ernie Tedeschi, former chief economist of the White House’s Council of Economic Advisers, responding to the jobs report. He adds, “employment and labor force participation rates are extraordinary,” and “likely ranking among the highest in US history.”

READ MORE: Buttigieg Schools Fox News Reporter Upset Biden Is ‘Shoving’ EVs ‘Down Consumers’ Throats’

As MSNBC’s “Morning Joe” economic analyst Steven Rattner, a former Obama White House official notes, “We’re now at 26 consecutive months of sub-4% unemployment, the longest such stretch since the late 1960s.”

“Yet another unexpectedly strong month for job growth. For all the talk of ‘cooling,’ monthly gains have been extremely steady for more than a year,” reports The New York Times’ Ben Casselman, adding: “Blowout household survey. Labor force and employment both grew by nearly half a million. Unemployment down slightly,” he notes, but adds, “The Black unemployment rate jumped 0.8 points to 6.4%, highest since August 2022. Monthly numbers are noisy, but certainly concerning.”

READ MORE: Debunking Bartiromo: No, Biden Order Doesn’t Allow ‘Illegal Immigrants’ to Vote

The job market is “the best it’s been in most of our lifetimes. And it’s endured even as inflation has come down significantly in the last year and a half,” observes former Biden White House National Economic Council deputy director Bharat Ramamurti.

“I think the decisions President Biden and congressional Democrats made in early 2021 deserve a lot of credit for the strong economy we have today,” he says, and points to his report at Democracy.

Some experts had expected the unemployment rate to rise to or above 4%. On Thursday at CNN, Elisabeth Buchwald wrote: “For the past 50 years, the US unemployment rate has mostly been far above 4%, even rocketing to almost 15% during the pandemic. Yet in the turbulent period that followed lockdowns and other economic disruptions from the pandemic, it has stayed below the 4% level for more than two years.”

“That remarkable streak could end on Friday at 8:30 a.m. ET, when the Bureau of Labor Statistics releases its March jobs report.”

Instead, it dropped to 3.8%.

Buchwald had quoted Michael Strain, director of economic policy studies at the American Enterprise Institute (AEI), who had called it “very foreseeable” the jobless rate could reach 4%.

READ MORE: ‘Like Saying Stick ‘Em Up During a Bank Robbery’: Why Trump Just Got Slapped Down by a Judge

 

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‘Won’t Stop Him’: Judge Threatens Trump With Jail for Gag Order Breach

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New York Supreme Court Justice Juan Merchan found Donald Trump in criminal contempt of court for nine violations of his gag order, and served up a threat of time behind bars if he continues down that path. Some legal experts say Merchan’s punishment could have been broader or stronger, while others called it a “smart move.”

Justice Merchan fined Trump $1000 per violation, the maximum allowed under New York law, and warned the ex-president he could face time in jail if he continues to violate the order.

“Defendant is hereby warned that the Court will not tolerate continued willful violations of its lawful orders and that if necessary and appropriate under the circumstances, it will impose an incarceratory punishment,” Justice Merchan wrote.

Merchan also gave Trump until 2:15 PM to remove the nine social media and campaign website posts that violated his gag order.

READ MORE: ‘Let’s Get a Warrant for Her Backyard’: Noem ‘Done Politically’ Right Wing Pundits Say

“Trump will see Justice Merchan’s $9,000 fine for violating the gag order as a reasonable cost for the ability to continue attacking the judge, court and rule of law. It won’t stop him,” warned Bloomberg Opinion executive editor Tim O’Brien, who is the author of a 2005 book on Trump.

Calling the opinion “well-reasoned” and “balanced,” professor of law Ryan Goodman, a former Special Counsel for the U.S. Dept. of Defense, made a point of noting its historic nature:

Professor of law and former FBI General Counsel Andrew Weissmann lamented Justice Merchan’s missed opportunity.

“Judge missed an opportunity to impose a monitor over his social media posts and to suggest the penalty will be considered at end of trial.”

But national security attorney Brad Moss praised the punishment in Merchan’s contempt finding.

“Smart move by Merchan. This is the first criminal contempt finding. It’s a warning to Trump that the games won’t be tolerated. If he does it again, and Merchan does have to cross the rubicon and jail him, it strengthens Merchan’s argument on appeal.”

READ MORE: Peter Navarro’s Latest Attempt to Get Out of Jail Smacked Down by SCOTUS
 

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‘Let’s Get a Warrant for Her Backyard’: Noem ‘Done Politically’ Right Wing Pundits Say

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South Dakota Republican Governor Kristi Noem‘s bragging about dragging her 14-month old puppy into a gravel pit and shooting her to death because she “hated” the dog is likely the end of her political career, right-wing pundits are now saying.

On Friday when The Guardian broke the news in a preview of Noem’s upcoming book, outrage on the left was immediate, but outrage on the right trickled in, then increased. Even with Noem doubling down, declaring her killing of the puppy (and a goat that same day, same way) happened 20 years ago, people on the right are expressing anger.

A Democratic pollster says 81% of Americans oppose Noem killing her puppy, The Guardian later reported.

“After learning about Gov. Noem’s actions, only 14% consider her to be a good choice for vice president on the Republican ticket. By a 2:1 margin, even Republicans say the governor would not be a good choice (42% vs. 21%),” the pollster, New River Strategies, stated.

READ MORE: Hunter Biden Plans Lawsuit Against Fox News Amid ‘Conspiracy of Disinformation’

Noem’s book, “No Going Back,” to be released May 7, has a number one ranking at Amazon. Publisher Center Street, a Hachette Book Group imprint, also publishes other right-wing politicians including Ben Carson, Newt Gingrich, and Vivek Ramaswamy. Endorsing the book are other right-wingers, including Donald Trump, Fox News’ Rachel Campos-Duffy, athlete and anti-trans activist Riley Gaines, and anti-LGBTQ extremist group creator Chaya Raichik of Libs of TikTok.

On Monday, as Mediaite reported, two Fox News pundits had had it.

Jason Chaffetz, a former GOP Congressman, said, “she just destroyed her political career. I don’t think there’s anybody on any side of the aisle, any human being that thinks it’s acceptable to go to a gravel pit and shoot a dog in the face and kill it when it’s 14 months old. That’s. I mean, that’s just hideous. So she’s done politically, and I’m a friend of hers. I served with her, but politically, there’s no recovering from this.”

Fox News media analyst Joe Concha said, “as a dog owner my whole life,” the story of Noem shooting her dog “absolutely makes my blood boil.”

RELATED: Noem Defends Shooting Her 14-Month Old Puppy to Death, Brags She Has Media ‘Gasping’

“How utterly heartless do you have to be to shoot a 14-month-old dog in the face? Because look, if it wasn’t doing its job on the farm, or is attacking chicken or people, okay, you’re a public figure, or at least you have a platform in some way, shape, or form. Even if you’re a private citizen, you very easily could have posted somewhere, ‘I’m putting my dog up for adoption because maybe it’s not working out here on the ranch,’ and I can guarantee you many people would have raised their hand to take that dog in,” Concha said, adding, “she just destroyed any chance she had of being Donald Trump’s vice president, if she had any chance at all. There’s no going back from this.”

Right wing talk show host Megyn Kelly said Trump is “too smart” to “pick somebody who’s managed to do the impossible and unite Democrats and Republicans alike in their anger for this woman who shot her puppy in the face.”

At the right wing National Review, Jeffrey Blehar writes: “Let’s Get a Warrant for Kristi Noem’s Backyard.”

“I guess I just don’t like people who boast about shooting puppies,” Blehar adds on social media. “And goats. And horses. And who knows what else, until cops have done an aerial scan of the property and gotten a backhoe out to excavate the suspicious piles of dirt.”

 

 

 

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Far Right Media Outlet Retracts ‘False’ Story About Michael Cohen and Stormy Daniels

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A far-right pro-Trump streaming media outlet has retracted what it now states was a “false” story alleging former Trump personal attorney Michael Cohen and adult film star Stormy Daniels had a sexual relationship for years and engaged in an “extortion” conspiracy plot against the ex-president.

The statement and apology from One America News Network (OAN) comes just one day before the New York criminal trial of Donald Trump is set to begin its third week. Cohen is one of Manhattan District Attorney Alvin Bragg’s top witnesses in the case. Defense attorneys are expected to try to attack Cohen’s credibility.

“OAN today has retracted its March 27 article entitled ‘Whistleblower: Avenatti Alleged Cohen­ Daniels Affair Since 2006, Pre-2016 Trump Extortion Plan,’ and is taking it down from all sites and removing it from all social media. This retraction is part of a settlement reached with Michael Cohen. Mr. Avenatti has denied making the allegations. OAN apologizes to Mr. Cohen for any harm the publication may have caused him,” a statement on OAN’s website reads.

It then states in all-caps: “NO PERSON SHOULD RELY ON THE MARCH 27 ARTICLE OR THE ALLEGATIONS CONTAINED THEREIN.”

READ MORE: Hunter Biden Plans Lawsuit Against Fox News Amid ‘Conspiracy of Disinformation’

“The article, quoting a source, falsely claimed that Mr. Cohen and Ms. Daniels ‘were having an affair since 2006’ and that, according to a source, ‘the whole hush money scheme was cooked up by [Mr. Cohen] to extort the Trump Organization before the 2016 election.’ These statements were false. OAN regrets their publication.”

The New York Times reports there are “no monetary damages,” and adds one of Cohen’s attorneys, “Justin Nelson, had represented Dominion Voting Systems in a suit against Fox News that cost that network $787.5 million to settle. Mr. Nelson worked with Mr. Cohen’s longtime lawyer, Danya Perry, in what was a remarkably quick about-face by OAN.”

Danya Perry, also one of Cohen’s attorneys in this case, declared the settlement was “a total vindication for Mr. Cohen — and a warning: Mr. Cohen is telling the truth, and there will be legal consequences for those who lie about him.”

“Mr. Trump has repeatedly attacked Mr. Cohen,” The Times adds, “despite a gag order issued by the judge overseeing the case, Juan M. Merchan, barring him from attacking witnesses and others. Justice Merchan is currently weighing whether Mr. Trump is in contempt of the gag order as a result of that invective.”

READ MORE: Noem Doubles Down With ‘Legal Cover’ For Shooting Her Puppy to Death

“In particular, Mr. Trump has attacked Mr. Cohen’s credibility, which will also be how Mr. Trump’s lawyers approach his former fixer during trial. The story by OAN, which has been a consistent booster of Mr. Trump’s political agenda, bolstered that strategy.”

Cohen called it, “The first apology in a long line of lies about me by media outlets.”

Professor of law, MSNBC legal analyst, and former FBI General Counsel Andrew Weissmann called the settlement a “big win” for the attorneys and Cohen.

 

 

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