Black Unemployment Sets New Record Low in August

[Paulie]

pick yer poison>

Are Americans better off than they were a decade or two ago?


Comparing the inflated cost of living today from 1950 to 2014: How declining purchasing power has hurt the middle class since 1950.

Cost of Living in the 1950’s as Compared to Today in 2013 - Yes, I Am Cheap


How Well Can You Live On Minimum Wage?

~S~

Declining purchasing power is solely because of a central bank that has no limit on the amount of money it will create to fix the problems it causes to begin with.

 

[protectionist]

Now what specially has he done for black unemployment that he has not done for white unemployment??

I would bet the unemployment rates is lowest for women now as well.

All the more reasons to vote for Trump in 2020. Yup.

 

[protectionist]

And you missed the point. The trade was weighs heavy on the stock market and the economy. You can agree or disagree on whether the trade more is justified, but you can’t deny it slows our economy. I never said China was an issue, it’s the economy slowing caused by the trade war that will be an issue.

The economy is NOT slowing, it is booming. Last week, the DOW reached another all time high. This was the 116th all-time high since the 2016 election.

President Trump has now increased the markets by more than any other President in their entire Presidency (when counting from their election win to the election day in their last year in office.) As noted above, under President Trump the DOW has increased more than 9,700 over the past three years. No President ever saw the DOW increase this much from the day they were elected to the day their predecessor won the election.

All the major indices are way up under President Trump and many records have been set. The market increases since President Trump’s election three years ago truly are historic.

This Economic Indicator Is Proving the Naysayers Wrong

Crazy Fed-Head Jerome Powell FINALLY Halted Fed Funds Rate Increases Resulting in US Markets Continuing Historic Gains in the Trump Economy

 

[protectionist]

the ten year chart shows a downward trend.

So ?

 

[BuckToothMoron]

And you missed the point. The trade was weighs heavy on the stock market and the economy. You can agree or disagree on whether the trade more is justified, but you can’t deny it slows our economy. I never said China was an issue, it’s the economy slowing caused by the trade war that will be an issue.

The economy is NOT slowing, it is booming. Last week, the DOW reached another all time high. This was the 116th all-time high since the 2016 election.

President Trump has now increased the markets by more than any other President in their entire Presidency (when counting from their election win to the election day in their last year in office.) As noted above, under President Trump the DOW has increased more than 9,700 over the past three years. No President ever saw the DOW increase this much from the day they were elected to the day their predecessor won the election.

All the major indices are way up under President Trump and many records have been set. The market increases since President Trump’s election three years ago truly are historic.

This Economic Indicator Is Proving the Naysayers Wrong

Crazy Fed-Head Jerome Powell FINALLY Halted Fed Funds Rate Increases Resulting in US Markets Continuing Historic Gains in the Trump Economy

I have tried, mostly in vain, to explain to others that the stock market does not necessarily reflect what is happening in the economy. What you are seeing in the stock market (as well as other assets) is inflation caused by the central banks monetary policy, specifically quantitative easing, and extremely low interest rates. It’s often referred to as TINA, There Is No Alternative. If the economy is booming like you want to believe, why does the Federal Reserve keep lowering interest rates. Lower interest rates are meant to stimulate the economy.

Why don’t you tell me what part of the economy you think is booming? And the stock market is not a measure of the economy, it is a reflection of investor sentiment.

 

[danielpalos]

the ten year chart shows a downward trend.

So ?

The Trend was downward before and after.

 

[protectionist]

Why don’t you tell me what part of the economy you think is booming? And the stock market is not a measure of the economy, it is a reflection of investor sentiment.

• Due to President Trump’s pro-growth policies, real gross domestic product (GDP) growth exceeded 3 percent over the last four quarters.
• Real GDP grew at annual rates of 3.4 percent in the third quarter of 2018 and 4.2 percent in the second quarter.
• More than 5 million jobs have been created since President Trump’s election and the unemployment rate remains below 4 percent.
• This is the eighth time this year that the unemployment rate has been below 4 percent.
• Prior to this year, the unemployment rate had fallen below 4 percent only five times since 1970.
• The unemployment rate for African Americans in May fell to 5.9 percent, which is the lowest rate on record.
• Asian and Hispanic-American unemployment rates have reached record lows this year.
• Initial weekly jobless claims have hit a nearly 50-year low under President Trump.
• Under President Trump, job openings outnumber the unemployed for the first time on record.
• Recently, more than two-thirds of Americans rated “now” as a good time to find a quality job, tying a record high in a poll by Gallup.
• Americans are seeing more money in their pockets thanks to the booming economy.
• In recent months, workers have seen their largest nominal year over year wage growth in nearly a decade.
• In 2017, real median household income rose to a post-recession high.
• President Trump’s policies are helping to lift Americans out of poverty.
• African-American and Hispanic-American poverty rates reached record lows of 21.2 percent and 18.3 percent, respectively, in 2017.
• Since the election, 4.6 million Americans have been lifted off of food stamps.
• Consumer confidence has soared under President Trump, recently reaching an 18-year high.
• President Trump is delivering on his promise to bring back American manufacturing.
• The National Association of Manufacturers’ Outlook Index had the highest annual average in its history over the past year.
• Manufacturing added 284,000 jobs in 2018, the most added in a year since 1997
• Small Business optimism jumped to a record high under President Trump, according to a survey by the National Federation of Independent Business (NFIB).
• The NFIB’s Small Business Optimism Index broke a 35-year record in August.
• President Trump signed the Tax Cuts and Jobs Act into law, ushering in the largest package of tax cuts and reforms in American history.
• These tax cuts are delivering real results for American families and workers.
• More than 6 million workers received tax cut bonuses and benefits.
• More than 100 utility companies have announced lower rates.
• President Trump is ensuring American workers receive the training and education they need to compete in today’s economy.

• President Trump signed an executive order establishing the National Council for the American worker.
• More than 185 companies and associations have signed our “Pledge to America’s Workers,” promising more than 6.4 million new training and career opportunities.
• The President signed legislation that reauthorized the Carl D. Perkins Career and Technical Education Act, making more than $1 billion available for career education programs.
• President Trump has prioritized the economic empowerment of women.
• The women’s unemployment rate recently reached its lowest rate in 65 years.
• The Small Business Administration lent approximately $500 million more in capital to women-owned businesses in 2017 compared to 2016.
• The Administration helped launch the Women Entrepreneurs Finance Initiative, which could leverage more than $1 billion to support women entrepreneurs.

 

[protectionist]

The Trend was downward before and after.

Before and after WHAT ?

 

[danielpalos]

The Trend was downward before and after.

Before and after WHAT ?

The current administration and the current administration's policies.

 

[Butch_Coolidge]

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