(Via The Daily Caller)
Secretary of Labor Alexander Acosta expects the number of new jobs created in President Donald Trump’s first year in office to hit nearly 2 million, he told reporters in a Thursday roundtable.
“However you ever look at it we’ve created a lot of new jobs,” Acosta declared, adding that “we may hit 2 million for the calendar year, we’ll probably be just under 2 million for the calendar year.” The secretary highlighted the drop in the unemployment rate to 4.1 percent and the Federal Reserve’s forecast of unemployment in 2018 falling even lower, which would make it “the lowest unemployment rate since the 60s.”
Acosta added that “this September we had the highest total employment level ever in the United States.”
A White House handout elaborated that 159,000 of the additional jobs were in the manufacturing sector, with another 57,000 in the mining and logging industries. Both job areas highlighted as priority growth areas by President Donald Trump throughout the 2016 campaign.
MarketWatch noted in a recent report that “the median jobs growth of 208,000 per month is the strongest for a president since Trump’s wedding guest Bill Clinton was in office.”
Acosta warned however that a skills gap remained between open jobs and workers to fill them pointing to the approximately 6 million unfilled jobs in the U.S. The secretary highlighted an initiative by the Trump administration to increase apprenticeship opportunities and remove barrier to entries for workers.
This barrier includes occupational licensing and the non-transferability of some licenses across state lines, which decreases the ability of workers to move or forces some spouses to give up a job in the event a family move is required.
Soros Newest Investor Of Tesla Bonds
Tesla looks to have a new bond holder and it’s none other than George Soros. Whatever this mean, Soros has also taken a stake in Crypto-Currencies .
Zerohedge Reports: Amid Elon Musk’s darkest hour in late March – as his stocks and bonds tumbled in price – it seems there was at least one other billionaire willing to buy the ‘blood on the street’.
According to the latest 13Fs, George Soros’ investment firm took a $35 million stake in Tesla’s convertible bonds during the first three months of the year.
As a reminder, convertibles are hybrid securities, either bonds or preferred stock, that can be exchanged for a predetermined number of common shares. That effectively lets an investor participate in stock-price changes, but with the yield and greater security of a fixed-income instrument.
The March 2019 Converts bounced handsomely off those lows – tracking the stock’s divergent bounce – but in recent days has fallen back towards the lows, catching down to the straight bonds record low price.
“Racial Bias Education Day” To Close Down Starbucks Nationwide
Starbucks is going to the illogical extreme by taking an entire day to put their employees through what they call “Racial Bias Education Day”. Coming after a viral videos showed two men being arrested in a Starbucks in Philadelphia. Starbucks almost instantly gave into calls to do ‘something’ but will this really fix anything in a culture where ‘racism’ is more of a political talking point than an actual substantive conversation or debate.
CNBC Reports: Starbucks said Tuesday it will be closing all of its company-owned restaurants in the U.S. during the afternoon of May 29 to conduct a racial-bias education program.
“I’ve spent the last few days in Philadelphia with my leadership team listening to the community, learning what we did wrong and the steps we need to take to fix it,” Kevin Johnson, CEO of Starbucks, said in a statement Tuesday. “While this is not limited to Starbucks, we’re committed to being a part of the solution. Closing our stores for racial bias training is just one step in a journey that requires dedication from every level of our company and partnerships in our local communities.”
Soros Now Investing In Crypto-Currencies
After a historic drop in cryptocurrency prices in the first quarter, one which deflated much of the euphoria that surrounded the sector in late 2017 and the start of this year, the space is about to get exciting again because none other than 87-year-old billionaire George Soros is reportedly preparing to trade cryptocurrencies as prices plunge.
According to Bloomberg, Adam Fisher -who oversees macro investing at New York-based Soros Fund Management – has received internal approval to trade virtual coins in the last few months, “though he has yet to make a wager.”
The question, of course, is whether Bloomberg’s leak is accurate, and if indeed Soros is only now getting started in the space or if he has quietly loaded up already.
What is ironic, is that just three months ago when speaking at the World Economic Forum in Davos, Soros said digital coins cannot function as actual currencies because of their volatility, “but he didn’t predict the hard tumble that some observers had forecast at the time.”
“As long as you have dictatorships on the rise you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad,” Soros, 87, said on Jan. 25.
With Bitcoin tumbling below $7000 recently…