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October Job Creation Comes in at 128,000, Easily Topping Estimates 


Hasil gambar untuk October job creation comes in at 128,000, easily topping estimates even with GM auto strike

American job growth has surpassed 100,000 jobs added in 32 of the 35 months since President Donald J. Trump was elected. October was no different, Jeff Cox reports. “Nonfarm payrolls rose by 128,000 in October as the U.S. economy overcame the weight of the GM autoworkers’ strike and created jobs at a pace well above expectations . . . The unemployment rate for African Americans nudged down to a record low 5.4%.”Also, the total employment level as measured in the household survey jumped to 158.5 million, also a new high.

The pace of average hourly earnings picked up a bit, rising 0.1% to a year-over-year 3% gain, also in line with estimates. The average work week was unchanged at 34.4 hours.“This report is yet another sign that the economy is still strong right now and adds to a list of indicators that are looking optimistic of late,” said Steve Rick, chief economist at CUNA Mutual Group. “The vigor of this labor market, along with a more positive housing market and solid Q3 GDP, should offer some welcome reassurance.”

Big revisions upward

Along with the better-than-expected performance in October, previous months’ counts were revised considerably higher. August’s initial 168,000 estimate came all the way up to 219,000 while September’s jumped from 136,000 to 180,000.

Together, the new estimates added 95,000 positions for the two-month period, bringing the three-month average to 176,000, which is well above the pace needed to keep the unemployment rate around its current level.

For the year, monthly job creation now averages 167,000 compared with 223,000 in 2018.

The report helps further quell worries that the U.S. economy is teetering toward recession and helps affirm the assessment from most Federal Reserve officials.

Central bank leaders have largely praised the state of the U.S. economy, particularly compared with its global peers. The Fed earlier this week lowered its benchmark interest rate a quarter point, the third such move this year, but Chairman Jerome Powell clearly indicated that this likely will be the last cut for some time unless conditions change significantly.

“The October jobs report is unambiguously positive for the US economic outlook,” said Citigroup economist Andrew Hollenhorst. “Above-consensus hiring in October, together with upward revisions to prior months, is consistent with our view that job growth, while clearly slower in 2019 than in 2018, will maintain a pace of 130-150K per month. Wage growth remaining at 3.0% should further support incomes and consumption-led growth.”

MarketWatch: S&P 500, Nasdaq hit new records on October jobs numbers

Stocks ended sharply higher Friday, with the S&P 500 and Nasdaq Composite indexes surging to fresh records, and the Dow eyeing one of its own, after the Labor Department estimated the U.S. economy added 128,000 new jobs in October and upwardly revised its estimate of employment growth in September and August.

The stock market rally came despite indications the U.S. manufacturing sector was still contracting in October, though slightly less fast than in the previous month.

A Partisan Impeachment Vote

The Wall Street Journal

Hasil gambar untuk The House Passes Resolution Formalizing Trump Impeachment Inquiry

The nation focused on the House this week, where Democrats voted Thursday to formalize an impeachment inquiry into President Trump. Less noticed, but equally important, was the prebuttal on the Senate floor.

A divided House approved legislation on Oct. 31 formally authorizing and articulating guidelines for the next phase of its impeachment inquiry, a move that signaled Democrats are on course to bring charges against President Trump later this year. The resolution, passed on a near party-line vote, clears the way for nationally televised hearings and authorizes the House Intelligence Committee to release transcripts of its closed-door depositions.

Majority Leader Mitch McConnell delivered Wednesday a speech devoted to the glaring deficiencies in the House impeachment proceedings. The Kentuckian excoriated it for its lack of fairness and transparency, and listed the affronts to due process: secret hearings, the refusal to let Republicans call witnesses or obtain.

“The Pelosi impeachment resolution was supposed to deprive the GOP of its complaint that the process wasn’t formal,” Kimberley Strassel writes. Instead, the House vote “handed Republicans the gift of bipartisanship. In what was something of an embarrassment for the speaker, two Democrats, New Jersey’s Rep. Jeff Van Drew and Minnesota’s Rep. Collin Peterson, voted with Republicans against the impeachment resolution.”

🎬 While Democrats obstruct, President Trump continues to deliver results!

President Trump Tweet : “While the Do Nothing Democrats FAIL the American People, and continue the Impeachment Scam, my Administration will continue to deliver REAL RESULTS, as seen over the past month, below!”


A Tragedy for the Nation – and Democracy

-New York Post

Speaker of the House Nancy Pelosi (D-CA) gavels the close of a vote by the U.S. House of Representatives on a resolution formalizing the impeachment inquiry

“Impeachment is now one party against America,” Michael Goodwin writes. “After months of pushing back against impeachment, Pelosi has abandoned any pretense of being a leader. She has jumped on the bandwagon led by such kooks as Texas Rep. Al Green. He has been demanding impeachment since 2017 — on what grounds, he didn’t know and didn’t care.The failure of special counsel Robert Mueller to deliver the goods only added to Green’s zeal.”

“I’m concerned that if we don’t impeach this president, he will get re-elected,” Green said last May.

There’s probably truth to that, but Green missed a larger truth. The only thing that could be worse for Dems would be impeaching Trump with no evidence of a crime or a serious abuse of office.

That’s what they’re doing — and four more years just got more likely.

Yet there is something bigger at stake than the next election. The effort to overturn the 2016 results is such a radical event that it raises the question of whether polarization has become fatal to our republic.

If so, then elections will never settle anything again. Each loser will simply look for a way to erase the outcome as if it never happened.

But then how do we settle our differences if elections don’t have consequences?

There are no good answers to that question, yet that’s the dynamic Pelosi is creating. Why wouldn’t the next GOP House do the same thing to the next Dem president? To save time, perhaps impeachment votes should become part of the inauguration ceremony.

Granted, Trump is not your ordinary president and there are few norms he hasn’t shattered. But it remains a fact that his greatest sin was defeating Hillary Clinton and smashing the legacy of Barack Obama.

For that, he must be destroyed. And if America goes down with him, that’s fine with the far-left crazies. They never liked the country anyway.

Overdose Deaths Drop Sharply in States Hard Hit by Opioid Crisis

Bloomberg Law

“The nation’s deadly opioid epidemic shows signs of ebbing as the Trump administration Oct. 30 reported a 5.1% drop in overdose deaths, with sharper declines in some of the most hard-hit states,” Shira Stein reports. The new figures reveal “a 24% reduction in Ohio, 17% in Kentucky, and 9% in West Virginia, White House Counselor Kellyanne Conway said.”

Over 72,000 people died of a drug overdose in 2017, and 40,000 of those were caused by opioid overdoses, according to preliminary data from the Centers for Disease Control and Prevention. Curbing the deadly epidemic has been a top priority for President Donald Trump.

Administration officials also reported declines in overdose deaths in Pennsylvania (23%), Iowa (19%), and New Hampshire (11%).

The administration is also seeing an 378% increase in prescriptions of the overdose reversal drug naloxone, a 31% decrease in opioid prescriptions, and a 28% increase in the amount of people receiving medication-assisted treatment, Health and Human Services Secretary Alex Azar said on the call.

Medication-assisted treatment combines medication and behavioral therapy in helping people recover from opioid use disorder.

The officials’ remarks came as they also touted the relaunch of a government website aimed at helping patients and their families find treatment for substance use disorder.

The website, findtreatment.gov, can be customized to the type of insurance a patient has and the type of treatment patients need. It includes information on programs with special ability to help veterans and LGBT people.

The tool only includes facilities that are licensed and regulated by the states, a senior administration official said on the call.

It will also include information about addiction, mental illness, and understanding the cost of treatment.

Associated Press: “White House Launches Website Aimed at Addiction Treatment”

The Trump administration has unveiled a website aimed at helping millions of Americans with substance abuse issues learn about and locate treatment options.

FindTreatment.gov is the latest development in the administration’s effort to address the nation’s opioid crisis. The White House said it believes the site, which went up Wednesday, will enable the tens of millions of Americans with a variety of substance abuse and mental health issues to better access the care they need.

Kellyanne Conway, the counselor to President Donald Trump who is leading the White House response to the drug crisis, said the site is designed to provide “connectivity” between treatment providers and those who need help.

FindTreatment.gov modernizes an obscure directory of 13,000 licensed treatment providers maintained by the Substance Abuse and Mental Health Services Administration, adding user-friendly search criteria and tools. For instance, it will now allow users to search based on the type of treatment sought — such as inpatient, detox or telemedicine — by payment option and whether the treatment is medication-assisted.

Users also will be able to select between options that focus on youth, veterans and LGBT Americans.

The website also is meant to be an educational resource for those needing care and their loved ones with information on how to pay for treatment.

“We know that the drug crisis is indiscriminate, so we want the response to be indiscriminate,” Conway said.

The website was built in-house by government coders and is managed by the White House. The administration is calling FindTreatment.gov an example of “American-First design” that offers easy access to information without breaking the federal budget.

“We designed it with human-centered principles in mind,” Conway said. “We used real words for real people.”

The effort included employing a language expert for help with providing “destigmatizing” explanations for treatment options to make them more acceptable to those in need.

The site’s design was informed by more than 300 user feedback responses and 60 detailed interviews with those who have sought treatment, their family members and providers, the White House said.

The website builds on other efforts by the White House to address the drug crisis, including law enforcement efforts, securing billions of dollars from Congress for treatment and working with the private sector on promoting drug “take back” days.

More than 70,000 Americans died in 2017 from drug overdoses, the bulk of them involving opioids.

Future developments include plans to more closely integrate the site with the Department of Veterans Affairs to provide more targeted resources to the community of former service members.

Melania Trump, Karen Pence Visit Elementary School Students

-Fox News

First lady Melania Trump speaks to students at Lambs Elementary Wednesday in North Charleston, S.C. (AP Photo/Mic Smith)

First Lady Melania Trump and Second Lady Karen Pence “paid a visit Wednesday to a group of fifth-graders in South Carolina prepping emergency pillowcase kits for natural disasters as part of an initiative to mentally and physically prepare children for evacuations,” Vandana Rambaran reports. “‘I love what you are doing,’ Melania Trump told one girl.”

The first lady also praised the school for implementing “such an important program to help prepare children for emergencies.”

Trump and Pence’s visit to South Carolina comes weeks after the state was swept up in the path of Hurricane Dorian just after Labor Day. The pair were briefed by several major emergency response teams at Joint Base Charleston about their methods of emergency preparedness, including mobilizing federal resources before and after natural disasters.

Officials from the National Oceanic and Atmospheric Administration (NOAA), the 841st Transportation Battalion, the U.S. Coast Guard, the 437th and 315th Airlift Wings and the 628th Emergency Operations Center were all in attendance.

First lady Melania Trump addresses military members and their families on Wednesday, Oct. 30, 2019, at Joint Base Charleston, S.C. Listening are Col. Terrence Adams, left, and Karen Pence, wife of Vice President Mike Pence. (AP Photo/Mic Smith)

During an address to a group of more than 500 people, most of them active military members and their families, Melania Trump praising the recent raid targeting Islamic State (ISIS) leader Abu Bakr al-Baghdadi in Syria.

“Our military has never been stronger, or more capable than it is now,” she said. “And our nation will continue to stand strong in the face of any enemy.

The first lady also acknowledged the sacrifice of military service members and thanked them for their continued commitment to the nation’s safety.

“I’m reminded every time about the important missions you, our military do around the world,” she said. “You carry the message of duty, honor and country wherever you deploy our teams, a testament to our national unity, demonstrating every day how our communities can lean on each other and find the strength and courage to step forward when called upon in times of need. Whether it is missing loved ones currently deployed, or families struggling to cope with loss, the military community always demonstrates what the resilience look like in the face of adversity.”

The wives of President Trump and Vice President Pence were greeted on the tarmac by Republican South Carolina Gov. Henry McMaster and his wife, Peggy. McMaster has long been an ally of the president, having been the first statewide elected official in the country to endorse Trump’s 2016 candidacy while he was lieutenant governor.

The first lady’s visit came just days after President Trump’s traveled to South Carolina, where he participated in a criminal justice forum last week.

 Watch: The First and Second Ladies visit Joint Base Charleston

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