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LABOR DAY - 2018
September 1st, 2018 6:48 PM

Dear Friends,

This Labor Day Weekend, Americans are celebrating an economic boom not experienced in many years. Since the 2016 General Election, statistics have changed in a most positive direction that is truly overwhelming! The optimism of this nation's future in the financial realm, has invigorated the peace of mind to end the devastation of distress and despondency our nation has suffered just a short time ago.

The figures are in. One can rise up and appreciate the abundance that has given assurances that America's families will have a roof over their heads, and will be able to feed their children with the sustenance that is needed for personal growth.

THE UP & DOWN ECONOMY ON THIS LABOR DAY IS POSITIVE

GROSS DOMESTIC PRODUCT - UP

STOCK MARKET - DOW JONES INDUSTRIAL AVERAGE - UP

STOCK MARKET - NASDAQ AVERAGE - UP

JOB GROWTH - UP

AMERICA'S UNEMPLOYMENT RATE - DOWN

BLACK UNEMPLOYMENT RATE - DOWN

HISPANIC UNEMPLOYMENT RATE - DOWN

WOMEN UNEMPLOYMENT RATE - DOWN

TEENAGE UNEMPLOYMENT RATE - DOWN

RISE IN DISPOSIBLE INCOME - UP

EMPLOYEE BONUSES - UP

LAYOFFS - DOWN

EMPLOYMENT IN VARIOUS NEGLECTED INDUSTRIES - UP

ECONOMIC OPTIMISM INDEX - UP

DISTRIBUTION OF FOOD STAMPS - DOWN

WEEKLY JOBLESS CLAIMS - UNEMPLOYMENT BENEFITS - DOWN

RETAIL SALES - UP

The Tax Cuts that took effect in February of this year, has created a good percentage of the boom America is witnessing today. While figures for the financial graphs are not displayed above, the general direction of the economy can be deciphered when one seeks information through impartial research on the internet. In communities where the Steel and Coal industries have suffered greatly for many years, there's a rise in activity as factory jobs are opening up. In other neighborhoods throughout the country, the rise in construction jobs and employment in various industries has contributed to the decline in unemployment. The negotiations by the US Government in reviewing past trade agreements and the imposition of tariffs with global trading partners, has added a cautious confidence among investment and corporate entities, that the US economy will continue its noted prosperity.

On this Labor Day Weekend, Americans are genuinely grateful to have the US government work on their behalf, to energize the vast engine known throughout the world - as the free market system. For those back to work, through the embodiment of capitalism, the 'American Dream' has an opportunity in becoming a reality once again.

Happy Labor Day!

Bureau of Labor Statistics

https://data.bls.gov/timeseries/LNS14000000

Thanks again for your continuous support.


Posted in:General
Posted by Jesse Dorado on September 1st, 2018 6:48 PMPost a Comment

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