Thursday, August 22, 2019

Oh, by the way...


A report from the Bureau of Labor Statistics (BLS) found that 501,000 fewer non-farm jobs were created in 2018 and the first three months of 2019, with the biggest revisions occurring in the retail, business services and hospitality sectors.

Economist Greg Daco of Oxford Economics wrote in tweets Wednesday morning that the revision was the agency's largest since 2009 and predicted that job growth will slow in the months ahead.

"New data reveals slower employment growth (we extrapolated revisions) going into 2020. Maturing #labor market will mean less job growth going forward," he wrote.

  The Hill
And in other "winning" news...Minnesota farmers aren't the only ones who are not so happy.
Iowa farmers are pushing back after President Trump reneged on a promise to review a national program that gives waivers to small refineries that don’t add ethanol to their gasoline.

The president had promised corn farmers he would review the exemption program after a June trip to Iowa, but a recent Environmental Protection Agency (EPA) decision to issue new waivers to fuel producers signaled an end to the administration’s study.

[...]

[A]t a press conference in Iowa on Wednesday, farmers directed their anger more at Trump than the EPA.

[...]

Trump’s call came just two months after a meeting with some of the very same farm groups. It was a decision directly from Trump to go ahead and issue the waiver on Aug. 9.

[...]

Trump [...] announced earlier this summer that he would allow ethanol to be added to gasoline year-round, ending a summertime ban designed to reduce smog [with 31 small refinery exemptions].

[...]

An EPA spokesperson said the agency is following the process for giving waivers to refineries that would face an economic hardship by adding ethanol to their fuel.

[...]

"There is zero evidence that EPA’s congressionally mandated small refinery exemption program, which provides regulatory relief to small refineries around the country, has had any negative impact on domestic corn ethanol producers," it added.

  The Hill
It appears the farmers disagree.

...but hey, do what you want...you will anyway.

No comments: