What you should know about the February jobs report …

The following breakdown is from Charles Payne financial advisor.

We got a strong jobs report Friday that confirmed the rebound in jobs in key areas that will move wages higher and have a greater socioeconomic impact.

    • 235,000 Jobs
    • 4.7% Unemployment Rate
    • 300,000 returned to Labor force

This figure is significant because the Obama presidency was characterized by people leaving the workforce in droves. By the time he left office over 90 million people were no longer in the work force. 

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  • 63.0 Participation Rate
  • +0.2% Wages month to month
  • +2.8% Wages year to year

Blue collar work is coming back:

This is significant because the majority of the jobs in the Obama years were in the lower paying service industry. The following are the ones that most benefit workers in particular and the country as a whole.

  • Mining +7,700
  • Construction +58,000
  • Manufacturing +28,000

In summary, Payne said, “Consider that from January 2016 to October 2016 investors pulled $117.2 billion from equity funds, of which $109.5 billion came from domestic funds (money earmarked to be invested in shares of American businesses).

That all changed in November when $23.0 billion poured into equity funds, of which $21.4 billion was committed to domestic funds. Since November 2016 through March 1, 2017, $114.7 billion has flowed into equity funds, of which $76.8 billion has gone into domestic funds. This is very important considering in the past, Americans eschewed domestic stocks for foreign investments.

Tony

U.S. finally on ‘right track’ – Poll

Despite what we hear from the mainstream media, the country is straightening itself out under the stewardship of President Trump.

Forty-six percent (46%) of Likely U.S. Voters think the country is heading in the right direction, according to a new Rasmussen Reports national telephone and online survey for the week ending February 16.

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That’s up a point from the previous week. This is the fourth week in a row that this finding has been in the mid-40s after running in the mid- to upper 20s for much of 2016. The latest finding is higher that any week during the Obama presidency. (emphasis mine

(Want a free daily e-mail update? If it’s in the news, it’s in our polls). Rasmussen Reports updates are also available on Twitter or Facebook.

The national telephone survey of 2.500 Likely Voters was conducted by Rasmussen Reports from February 12-16, 2017. The margin of sampling error for the survey is +/- 2 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

Tony