The November jobs report looked pretty good on the surface except for one number that popped off the page: 95 million.
That’s the number of Americans now counted as not in the labor force, a historic high that has confounded economists and policymakers. The total — 95.06 million to be more exact — has been rising consistently but surged by a gaudy 446,000 last month.
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Time For Truth: (CNBC) – What 'are so many of them doing?' 95 million not in US labor force
Short-term gain for long-term pain?
That’s the view of economists at Goldman Sachs Group Inc., who argue that while some of President-elect Donald Trump’s proposals could boost U.S. economic growth in the near future, his other policies would offset those positive impacts over the long-run.
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Time For Truth: (Bloomberg) – Goldman Sees the Possibility of Stagflation Under Trump Presidency
The United States lost 9,000 manufacturing jobs in October while gaining 19,000 jobs in government, according to data released by the Bureau of Labor Statistics.
Government employment grew from 22,216,000 in September to 22,235,000 in October, according to BLS, while manufacturing jobs dropped from 12,267,000 to 12,258,000.
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Time For Truth: (CNS News) – Government Workers Now Outnumber Manufacturing Workers by 9,977,000
Department of State security officers found then-Secretary of State Hillary Clinton so unpleasant they refused to work on her security detail, a former agent claims in newly-released FBI documents.
The FBI Monday released 100 pages of documents relating to its investigation of Clinton’s private email server. The documents incorporate summaries of several interviews the FBI conducted, including one with a woman who served as an agent with the State Department’s Bureau of Diplomatic Security (DS) during Clinton’s time as secretary of state.
School was in session for 350 junior high school students in a gritty, working-class section of Tijuana on a recent afternoon when shots rang out next door. By the time it was over, the assailants had fled and two people were dead: the owner of a small Clamato and car wash business, and a 17-year-old customer.
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Time For Truth: (LA Times) – Killings rise anew in Tijuana, a city haunted by years of violence