Daily Archives: 5 November 2019

Some Economic Data

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From the October jobs report as summarized by The Wall Street Journal.

  • 131,000 new jobs
    • exceeded expectations
    • despite some 42,000 jobs lost to the union strike against General Motors
  • upward revisions of 95,000 jobs in August and September
  • job growth averaged 176,000 in the last three months, more than the 167,000/mo for all of 2019
  • overall labor force participation rate rose to 63.3%, which is rising despite baby boom retirements
  • employment ratio for prime-age workers, age 25 to 54, rose to 80.3%, highest since January 2007—since before the Panic of 2008
  • jobless rate for African-Americans fell again to 5.4%
    • new low since records have been kept
    • third successive month at 5.5% or lower so it’s not a statistical anomaly
  • labor participation rate for Hispanic-Americans reached 67.3%, best since September 2010
  • rise in average hourly earnings averaged 3% over last year
  • index of weekly payrolls rose more than 4% over last year, faster still for production and nonsupervisory workers

House Speaker Nancy Pelosi (D, CA), though, says these positive data

offer[] further evidence that the Republicans’ disastrous special interest agenda is hollowing out the middle class while enriching the wealthy and well-connected.

Do we really need someone so disconnected from reality in the people’s House?

Or is it that her impeachment hysteria is clouding her ability to interpret simple economic data?  In which case: do we really need someone whose judgment is so easily confused in the people’s House?

Love Me that Censorship

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That’s what that icon of the Left, Juan Williams, says.

The reality is that [Facebook CEO Mark] Zuckerberg doesn’t seem to understand, from my perspective, that he’s undermining his brand by allowing political lies to be put on his platform. That, to me, lessens the trust that the consumer has.

Because censoring speech—especially politically speech—is the way to win the hearts and minds and trust of the consumer.

Certainly, controlling speech and allowing only that which the Left approves—what Juan Williams personally approves—can be a tool for winning controlling the hearts and minds of citizens, but trust? No. Censorship destroys trust.

But, hey—the Left doesn’t approve.  Juan Williams doesn’t approve.  That makes it all OK.

Williams had this gem, too, accusing folks who disagree with him on this—Conservatives—of flip flopping:

I remember when the right was always on Facebook, “Oh, you’re trying to silence…conservatives.”  Now it’s like, “Oh, yeah, put Trump’s lies there, please.”

Because objecting to censorship is flip floppery.  And that last bit: the Right Reverend Juan Williams is the arbiter of lies, distortions, and facts because us ordinary Americans are just too grindingly stupid to make the discriminations for ourselves.

This is another example of the Left’s—the Progressives’—utter contempt for those who don’t agree with them.