Economic Upswing Continues: Economy Added 201K Jobs, Wages Up by $17 Per Month, in August

[Harpy Eagle]

Trump is very good for the economy

He was when he stayed out of it, then he started his stupid trade war and put the markets into a 230 plus day freeze.


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[expat_panama]

...he started his stupid trade war and put the markets into a 230 plus day freeze....

Reality check. In the seven months since steel and aluminum tariffs the S&P's up 5.3%, the Dow's up 7.2%, and the NASDAQ's soared over ten percent:

 

[Harpy Eagle]

...he started his stupid trade war and put the markets into a 230 plus day freeze....

Reality check. In the seven months since steel and aluminum tariffs the S&P's up 5.3%, the Dow's up 7.2%, and the NASDAQ's soared over ten percent:

Trump’s first tariff was placed on Jan 22. On that date the DJI was at 26,916...today is opens at 25,916. A change of -.23%, as compared to a change of 9.94% in the same time frame a year ago.

On that day the S&P was at 2835, today it opens at 2884. A change of 2.65% as opposed to 8.67% in the same time frame a year ago.

On that day the NASDAQ was at 6164, today it opens at 7474. A change of 9.18%, as compared to 16.96% in the same time frame a year ago.

So, 231 days with only the NASDAQ showing something close to actual growth, and it is the least affected by the things being targeted for tariffs. And no indications that things will get better any time soon



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[ColonelAngus]

If Trump is still POTUS in 2023, if the economy is doing well, it will be because of Obama p.

If it’s doing poorly, it will be Trumps fault. We already know the narrative.

Shit it already happened. Obama is trying to take credit for this good economy, but if it was bad, it would be Trumps fault.

 

[Harpy Eagle]

If Trump is still POTUS in 2023, if the economy is doing well, it will be because of Obama p.

If it’s doing poorly, it will be Trumps fault. We already know the narrative.

Shit it already happened. Obama is trying to take credit for this good economy, but if it was bad, it would be Trumps fault.

And you sheep on the right are no different than the sheep on the left. If things were shitty you would be blaming Obama.


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[kiwiman127]

Wages went up 2.9% BEFORE taxes, so after tax income has not kept pace with inflation! So it is NOT a wash!

Wages went up 2.9% BEFORE taxes, so after tax income has not kept pace with inflation! So it is NOT a wash!

Taxes were cut, so after tax income did go up.

That, of course, has nothing to do with the unassailable fact that the 2.9% increase in wages is BEFORE tax income.

You are just trying to lie your way out of the fact that AFTER tax income has NOT kept up with the TRUMP Inflation. As a TrumpTard you can NEVER admit the truth about anything!

AFTER tax income has NOT kept up with the TRUMP Inflation.

Liar!


View attachment 215594

Real Disposable Personal Income: Per Capita

The key word in your chart is,,,per capita. If four families made $59 thousand a year and one family made $1 million, the per capita would be $240,000.
Let's look at the big picture, shall we?
View attachment 215621 View attachment 215622

The key word in your chart is,,,per capita.

If you have some stats that help prove Ed's claim, "AFTER tax income has NOT kept up with the TRUMP Inflation" Please post it.

If four families made $59 thousand a year and one family made $1 million, the per capita would be $240,000.

Per household would be $247,200.

Share of income declining doesn't mean their income is declining.
Or that their after tax income isn't keeping up with inflation.

What it means is their income is not keeping up with the National Economy, it's a no brainer.

 

[Toddsterpatriot]

Wages went up 2.9% BEFORE taxes, so after tax income has not kept pace with inflation! So it is NOT a wash!

Taxes were cut, so after tax income did go up.

That, of course, has nothing to do with the unassailable fact that the 2.9% increase in wages is BEFORE tax income.

You are just trying to lie your way out of the fact that AFTER tax income has NOT kept up with the TRUMP Inflation. As a TrumpTard you can NEVER admit the truth about anything!

AFTER tax income has NOT kept up with the TRUMP Inflation.

Liar!


View attachment 215594

Real Disposable Personal Income: Per Capita

The key word in your chart is,,,per capita. If four families made $59 thousand a year and one family made $1 million, the per capita would be $240,000.
Let's look at the big picture, shall we?
View attachment 215621 View attachment 215622

The key word in your chart is,,,per capita.

If you have some stats that help prove Ed's claim, "AFTER tax income has NOT kept up with the TRUMP Inflation" Please post it.

If four families made $59 thousand a year and one family made $1 million, the per capita would be $240,000.

Per household would be $247,200.

Share of income declining doesn't mean their income is declining.
Or that their after tax income isn't keeping up with inflation.

What it means is their income is not keeping up with the National Economy, it's a no brainer.

So what?

 

[kiwiman127]

That, of course, has nothing to do with the unassailable fact that the 2.9% increase in wages is BEFORE tax income.

You are just trying to lie your way out of the fact that AFTER tax income has NOT kept up with the TRUMP Inflation. As a TrumpTard you can NEVER admit the truth about anything!

AFTER tax income has NOT kept up with the TRUMP Inflation.

Liar!


View attachment 215594

Real Disposable Personal Income: Per Capita

The key word in your chart is,,,per capita. If four families made $59 thousand a year and one family made $1 million, the per capita would be $240,000.
Let's look at the big picture, shall we?
View attachment 215621 View attachment 215622

The key word in your chart is,,,per capita.

If you have some stats that help prove Ed's claim, "AFTER tax income has NOT kept up with the TRUMP Inflation" Please post it.

If four families made $59 thousand a year and one family made $1 million, the per capita would be $240,000.

Per household would be $247,200.

Share of income declining doesn't mean their income is declining.
Or that their after tax income isn't keeping up with inflation.

What it means is their income is not keeping up with the National Economy, it's a no brainer.

So what?

In Donald J Trump's Inauguration Speech, Trump said,,,.
"The forgotten men and women of our country will be forgotten no longer," he told the crowd as a light drizzle settled over Washington. "And I will fight for you with every breath in my body, and I will never, ever let you down."
Trump is now president: 'The forgotten ... will be forgotten no longer'
The "forgotten" continue to lose in the economy. They make up about 70% of the American population. There wades remain flat.
======================================
All employees
Real average hourly earnings for all employees were unchanged from June to July, seasonally adjusted,
the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.3-percent increase in
average hourly earnings combined with a 0.2-percent increase in the Consumer Price Index for All
Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.2 percent over the month due to no change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek.
Real average hourly earnings decreased 0.2 percent, seasonally adjusted, from July 2017 to July 2018.
Combining the change in real average hourly earnings with the 0.3-percent increase in the average workweek resulted in a 0.1-percent increase in real average weekly earnings over this period.
Real Earnings News Release

 

[expat_panama]

...he started his stupid trade war and put the markets into a 230 plus day freeze....

Reality check. In the seven months since steel and aluminum tariffs the S&P's up 5.3%, the Dow's up 7.2%, and the NASDAQ's soared over ten percent:

Trump’s first tariff was placed on Jan 22....

Ah yes, the infamous washing machine and solar panel tax makes us all forget about steel and aluminium! Of course Sky.com says it began in April 2017:

Trump's global trade war: A timeline
By Rebecca Taylor, news reporter
April 2017
Mr Trump announces an investigation into steel tariffs, asking if the imports from China and other countries could be a threat to national security.

August 2017
A second investigation specifically targets China.

January 2018
Mr Trump announces tariffs on imported solar panels, most of which come from China, and washing machines.​

--or we can even go back to the election day Nov. 2016 when Krugman announced the beginning of the big Trump trade market crash...

 

[Toddsterpatriot]

AFTER tax income has NOT kept up with the TRUMP Inflation.

Liar!


View attachment 215594

Real Disposable Personal Income: Per Capita

The key word in your chart is,,,per capita. If four families made $59 thousand a year and one family made $1 million, the per capita would be $240,000.
Let's look at the big picture, shall we?
View attachment 215621 View attachment 215622

The key word in your chart is,,,per capita.

If you have some stats that help prove Ed's claim, "AFTER tax income has NOT kept up with the TRUMP Inflation" Please post it.

If four families made $59 thousand a year and one family made $1 million, the per capita would be $240,000.

Per household would be $247,200.

Share of income declining doesn't mean their income is declining.
Or that their after tax income isn't keeping up with inflation.

What it means is their income is not keeping up with the National Economy, it's a no brainer.

So what?

In Donald J Trump's Inauguration Speech, Trump said,,,.
"The forgotten men and women of our country will be forgotten no longer," he told the crowd as a light drizzle settled over Washington. "And I will fight for you with every breath in my body, and I will never, ever let you down."
Trump is now president: 'The forgotten ... will be forgotten no longer'
The "forgotten" continue to lose in the economy. They make up about 70% of the American population. There wades remain flat.
======================================
All employees
Real average hourly earnings for all employees were unchanged from June to July, seasonally adjusted,
the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.3-percent increase in
average hourly earnings combined with a 0.2-percent increase in the Consumer Price Index for All
Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.2 percent over the month due to no change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek.
Real average hourly earnings decreased 0.2 percent, seasonally adjusted, from July 2017 to July 2018.
Combining the change in real average hourly earnings with the 0.3-percent increase in the average workweek resulted in a 0.1-percent increase in real average weekly earnings over this period.
Real Earnings News Release

The "forgotten" continue to lose in the economy. They make up about 70% of the American population.

Yeah, and they didn't do too groovy under Obama.
At least Trump cut their taxes. And is trying to reduce the number of illegals who suppress their wages.
Let's look at their real earnings 12 months from now to see if your whining should continue.

 

[Harpy Eagle]

...he started his stupid trade war and put the markets into a 230 plus day freeze....

Reality check. In the seven months since steel and aluminum tariffs the S&P's up 5.3%, the Dow's up 7.2%, and the NASDAQ's soared over ten percent:

Trump’s first tariff was placed on Jan 22....

Ah yes, the infamous washing machine and solar panel tax makes us all forget about steel and aluminium! Of course Sky.com says it began in April 2017:

Trump's global trade war: A timeline
By Rebecca Taylor, news reporter
April 2017
Mr Trump announces an investigation into steel tariffs, asking if the imports from China and other countries could be a threat to national security.

August 2017
A second investigation specifically targets China.

January 2018
Mr Trump announces tariffs on imported solar panels, most of which come from China, and washing machines.​

--or we can even go back to the election day Nov. 2016 when Krugman announced the beginning of the big Trump trade market crash...

Why do I care about what SkyNews says.

Trump’s first tariffs were levied on 22 Jan. Even though it was on small things it showed investors that he was actually dumb enough to follow through on his threats.


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[Meathead]

...he started his stupid trade war and put the markets into a 230 plus day freeze....

Reality check. In the seven months since steel and aluminum tariffs the S&P's up 5.3%, the Dow's up 7.2%, and the NASDAQ's soared over ten percent:

Trump’s first tariff was placed on Jan 22....

Ah yes, the infamous washing machine and solar panel tax makes us all forget about steel and aluminium! Of course Sky.com says it began in April 2017:

Trump's global trade war: A timeline
By Rebecca Taylor, news reporter
April 2017
Mr Trump announces an investigation into steel tariffs, asking if the imports from China and other countries could be a threat to national security.

August 2017
A second investigation specifically targets China.

January 2018
Mr Trump announces tariffs on imported solar panels, most of which come from China, and washing machines.​

--or we can even go back to the election day Nov. 2016 when Krugman announced the beginning of the big Trump trade market crash...

Why do I care about what SkyNews says.

Trump’s first tariffs were levied on 22 Jan. Even though it was on small things it showed investors that he was actually dumb enough to follow through on his threats.


Sent from my iPhone using USMessageBoard.com

Get over it princess. The Trump economy is booming.

 

[Harpy Eagle]

...he started his stupid trade war and put the markets into a 230 plus day freeze....

Reality check. In the seven months since steel and aluminum tariffs the S&P's up 5.3%, the Dow's up 7.2%, and the NASDAQ's soared over ten percent:

Trump’s first tariff was placed on Jan 22....

Ah yes, the infamous washing machine and solar panel tax makes us all forget about steel and aluminium! Of course Sky.com says it began in April 2017:

Trump's global trade war: A timeline
By Rebecca Taylor, news reporter
April 2017
Mr Trump announces an investigation into steel tariffs, asking if the imports from China and other countries could be a threat to national security.

August 2017
A second investigation specifically targets China.

January 2018
Mr Trump announces tariffs on imported solar panels, most of which come from China, and washing machines.​

--or we can even go back to the election day Nov. 2016 when Krugman announced the beginning of the big Trump trade market crash...

Why do I care about what SkyNews says.

Trump’s first tariffs were levied on 22 Jan. Even though it was on small things it showed investors that he was actually dumb enough to follow through on his threats.


Sent from my iPhone using USMessageBoard.com

Get over it princess. The Trump economy is booming.

You have an odd idea of booming.


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[Brain357]

The key word in your chart is,,,per capita. If four families made $59 thousand a year and one family made $1 million, the per capita would be $240,000.
Let's look at the big picture, shall we?
View attachment 215621 View attachment 215622

The key word in your chart is,,,per capita.

If you have some stats that help prove Ed's claim, "AFTER tax income has NOT kept up with the TRUMP Inflation" Please post it.

If four families made $59 thousand a year and one family made $1 million, the per capita would be $240,000.

Per household would be $247,200.

Share of income declining doesn't mean their income is declining.
Or that their after tax income isn't keeping up with inflation.

What it means is their income is not keeping up with the National Economy, it's a no brainer.

So what?

In Donald J Trump's Inauguration Speech, Trump said,,,.
"The forgotten men and women of our country will be forgotten no longer," he told the crowd as a light drizzle settled over Washington. "And I will fight for you with every breath in my body, and I will never, ever let you down."
Trump is now president: 'The forgotten ... will be forgotten no longer'
The "forgotten" continue to lose in the economy. They make up about 70% of the American population. There wades remain flat.
======================================
All employees
Real average hourly earnings for all employees were unchanged from June to July, seasonally adjusted,
the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.3-percent increase in
average hourly earnings combined with a 0.2-percent increase in the Consumer Price Index for All
Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.2 percent over the month due to no change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek.
Real average hourly earnings decreased 0.2 percent, seasonally adjusted, from July 2017 to July 2018.
Combining the change in real average hourly earnings with the 0.3-percent increase in the average workweek resulted in a 0.1-percent increase in real average weekly earnings over this period.
Real Earnings News Release

The "forgotten" continue to lose in the economy. They make up about 70% of the American population.

Yeah, and they didn't do too groovy under Obama.
At least Trump cut their taxes. And is trying to reduce the number of illegals who suppress their wages.
Let's look at their real earnings 12 months from now to see if your whining should continue.

It will be interesting to see what happens.

 

[expat_panama]

...Get over it princess. The Trump economy is booming.

You have an odd idea of booming.

Everyone has their own idea of "booming". Some folks care about GDP--

-- and some care about unemployment---

--and others care about workers' wages:

 

[Harpy Eagle]

...Get over it princess. The Trump economy is booming.

You have an odd idea of booming.

Everyone has their own idea of "booming". Some folks care about GDP--

-- and some care about unemployment---

--and others care about workers' wages:

Perspective is everything...

 

[Harpy Eagle]

...Get over it princess. The Trump economy is booming.

You have an odd idea of booming.

Everyone has their own idea of "booming". Some folks care about GDP--

-- and some care about unemployment---

--and others care about workers' wages:

Unemployment...just when did the "boom" start...

GDP...when did the boom start...

Wages...

When did the boom start?

Jobs creation, when did the boom start...

Deficit/surplus per month, when did the boom start...

 

[Harpy Eagle]

Here is the DJI for that last few years...when did the boom start...

 

[expat_panama]

Perspective is everything...

It absolutely is everything to folks who don't do numbers and only look at the pictures.

Those people will look at the post # 96 set and the others in post # 95 and say one is true and the other is false. Someone who understands numbers will see that they're both true. As for post # 97 a numbers person won't waste his time w/ partial info and the picture person will say "oooh gee, more pix I don't understand..."

But that's not what we were talking about. The fact remains that if we say a 'boom' is GDP growth, low unemployment, or rising wages we got numbers and we got pictures. Personally, numbers work better for me but I understand that pictures are more fun --so to each his own.

 

[Harpy Eagle]

Perspective is everything...

It absolutely is everything to folks who don't do numbers and only look at the pictures.

Those people will look at the post # 96 set and the others in post # 95 and say one is true and the other is false. Someone who understands numbers will see that they're both true.

Yes, they are both true which was my point. I am glad you understood.

As for post # 97 a numbers person won't waste his time w/ partial info and the picture person will say "oooh gee, more pix I don't understand..."

Post 97 was the most important post of all. When you take away the dates and people cannot look at them and go "that is where Trump was elected" they have no choice but to admit that have been no changes in those things.

But that's not what we were talking about. The fact remains that if we say a 'boom' is GDP growth, low unemployment, or rising wages we got numbers and we got pictures. Personally, numbers work better for me but I understand that pictures are more fun --so to each his own.

If a boom' is GDP growth, low unemployment, or rising wages then the boom started in 2010.