Japan is putting together a package it says could generate 700,000 U.S. jobs and help create a $450-billion market, to present to U.S. President Donald Trump next week, government sources familiar with the plans said.
The five-part package, to be unveiled when Prime Minister Shinzo Abe visits Trump on Feb. 10 in Washington, envisage investments in infrastructure projects such as high-speed trains and cybersecurity, said the sources, who declined to be identified as they were not authorized to speak to the media.
Investing in overseas infrastructure projects dovetails with a key plank in Abe’s growth strategy, which is to export "high-quality" infrastructure technology.
Japan will invest 17 trillion yen ($150 billion) in public and private funds over 10 years, the sources said. That would include helping develop high-speed railways in the northeastern United States, and the states of Texas and California, and renovating subway
There is your Trump Infrastructure Plan.
Remember, Abe met with Trump at Trump Tower after the election.
In his first four years, Obama added 1,037,000 jobs -- as the percentage of people not bothering to look for work soared.
President Trump gets full credit for the job growth in January because he began acting as de facto president on the day after the election. Hiring reflects an employer's confidence in his business's future.
Trump does not lollygag.
He does not rest.
He does not quit.
From Bloomberg News:
January’s 227,000 increase in payrolls followed a 157,000 rise in December, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 180,000 advance. The jobless rate rose to 4.8 percent, and average hourly earnings grew 2.5 percent from January 2016, the weakest since August.
The data, representing the final figures under President Barack Obama, indicate the job market is still enjoying steady growth though isn’t tight enough yet to result in a bonanza for worker pay. While analysts expect hiring to cool as the economy nears full employment, President Donald Trump has pledged to bring people back into the workforce and boost wages further through tax cuts, infrastructure investment and looser regulation.Cut taxes, cut regulations, and fix the infrastructure -- you know all those things DC Conservatives said they were for until Americans elected Trump president.
From the less biased CNS News:
The Labor Department's Bureau of Labor Statistics on Friday released its first look at employment since Donald Trump became president, and although that report does not reflect actual Trump policy changes, it does include the period just before Trump became president and was tweeting about jobs saved.
According to BLS, the labor force participation rate improved in January, increasing two-tenths of a point to 62.9 percent, its best showing in four months.
BLS said 152,081,000 Americans were employed in January, close to last month’s record 152,111,000. At the same time, the number of Americans not in the labor force went in the right direction, dropping to 94,366,000, which is 736,000 fewer than last month’s record 95,102,000.In January 2009 when Obama became president, 65.7% of American adults were in the labor force.
But another way, 34.3% were outside it when Obama became president and 37.1% were outside the labor force when Donald Trump took over.
Labor participation fell to a 38-year low in September 2015.
We went from 81,293,000 adults outside the labor market to 95,102,000 on Obama's watch -- a 17% rise.
But now Americans are rolling up their sleeves and going back to work.
Please read "Trump the Press," in which I skewer media experts who wrongly predicted Trump would lose the Republican nomination. "Trump the Press" is available as a paperback, and on Kindle.
It covers the nomination process only. The general election is covered in a sequel, "Trump the Establishment," which will be published in paperback on Tuesday.
For autographed copies of either book, email me at DonSurber@GMail.com
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