ENVY OF THE WORLD! Unemployment at 49-Year Low , Wage Hits $27.77/Hour, Stock Market Endless Rally

[Deplorable Yankee]

What great times to be living in. It's all thanks to our magnificent businessman President named Donald Trump. This is MAGA winning, folks!

DRUDGE REPORT 2019®

Unemployment hits 49-year low as US employers step up hiring

Jobs surge in April, unemployment rate falls to the lowest since 1969

The U.S. Stock Market Can’t Stop, Won’t Stop Its Endless Rally

Doesnt matter what the dems say when the American people feel good about the economy then they'll show it in the voting booth.

Update on the gloabl macro

NOTHING HAS CHANGED

USA is the only game in town
the chinese we're showing some sign of taking off again while they panic over pork tariffs..that they imposed on the USA
trump may of had an assist from god on that one.

and here we have the old western european losers and schmuck extraordinaries

Sometimes the more things change the more they stay the same ....which 90% of the time always holds true for western europe .

 

[Dick Foster]

Yes indeed. My wife likes to watch NBR, which is CNBC lite and it was reported

But almost no one watches NBR. What about the nightly news reports that millions of Americans watch...aka NBC ABC CBS PBS News?

I no longer even watch those. If I want any bullshit I'll visit a cow pasture.

 

[leftwinger]

Is it up from the Beast/BO lows around that big drop election night 2016?

On Nov 1 2106 the DJI was 18,037

On Nov 8th 2016 (election night) it was 18,332...

That is not a drop.

Right from 18332 (DJT elected) to now, >26K. Correct? Overall his time, the market is up. With 99% working to destroy his Presidency. DNC wihispering to foriegn leaders, can't trust this guy. He wont last.

 

[Harpy Eagle]

Is it up from the Beast/BO lows around that big drop election night 2016?

On Nov 1 2106 the DJI was 18,037

On Nov 8th 2016 (election night) it was 18,332...

That is not a drop.

Right from 18332 (DJT elected) to now, >26K. Correct? Overall his time, the market is up. With 99% working to destroy his Presidency. DNC wihispering to foriegn leaders, can't trust this guy. He wont last.

The problem is that it was greater than 26k more than 400 days ago and that is still the best thing we can say about it.

The market thrived when all Trump did was play golf and hold pep rallies...but then he started to make decisions and shit came to a skidding halt.

 

[leftwinger]

What percentage of growth would you consider a rally in each of these categories?

This is what each market did the same number of days prior to my starting point (the start of Trump's trade war)

DJI up 34.35%

S&P 500 up 24.0%

NASDAQ up 39.47%

Which group of numbers seem better to you?

“BUT, BUT, BUT....THE KENYAN!”

Obama sucked ass as a POTUS...yet still had better market growth...what does that say about your savior in the White House.

Market growth? LOL for what? Coffee shops?

These numbers are from the end of Apr, i do not feel like updating the math but the point still stands...

Since the day Trump took office:

DJI up 35.09%
S&P up 29.6%
NASDAQ up 54.63%


The same point under Obama:

DJI up 51.02%
S&P up 57.32%
NASDAQ up 98.42%

To recap, under Obama the DJI better by 15.93 percentage points, the S&P better by 27.72 percentage points and the NASDAQ better by 43.79 percentage points

No where to go but up in 2009 (dead-cat bounce)? Or completely kill off America?(following the Chancy housing bust of 2008, paving the way for BO).

Trump policies are moving it higher. Less regulation, less taxation, better trade deals ain't rocket science. But apperantly to BO and staff?......well why did they not do similar?

Btw: the runup before Trump took office is missing in your numbers. All due to everyone jumping in, knowing things would improve.

 

[william the wie]

This is what each market did the same number of days prior to my starting point (the start of Trump's trade war)

DJI up 34.35%

S&P 500 up 24.0%

NASDAQ up 39.47%

Which group of numbers seem better to you?

“BUT, BUT, BUT....THE KENYAN!”

Obama sucked ass as a POTUS...yet still had better market growth...what does that say about your savior in the White House.

Market growth? LOL for what? Coffee shops?

These numbers are from the end of Apr, i do not feel like updating the math but the point still stands...

Since the day Trump took office:

DJI up 35.09%
S&P up 29.6%
NASDAQ up 54.63%


The same point under Obama:

DJI up 51.02%
S&P up 57.32%
NASDAQ up 98.42%

To recap, under Obama the DJI better by 15.93 percentage points, the S&P better by 27.72 percentage points and the NASDAQ better by 43.79 percentage points

No where to go but up in 2009 (dead-cat bounce)? Or completely kill off America?(following the Chancy housing bust of 2008, paving the way for BO).

Trump policies are moving it higher. Less regulation, less taxation, better trade deals ain't rocket science. But apperantly to BO and staff?......well why did they not do similar?

Btw: the runup before Trump took office is missing in your numbers. All due to everyone jumping in, knowing things would improve.

There is now a real risk of a melt up due to the improvement in the real economy. If the circuit breakers do not work on the way up we are in real trouble.

 

[IM2]

More BS. Take off the cheerleader uniforms cause her comes reality.

Relax – the economy can't actually save Trump in 2020

The move was already afoot to declare President Donald Trump the economic wizard in office that his backers, if not his bankers, thought he was in the private sector — even before today’s report showing the US unemployment rate at a 50-year low of 3.6 per cent. Needless to say, that clamor from the usual suspects was repeated once the report hit, even though the details of the data are fairly average, and Trump’s influence on them somewhere between small and none.

Nonetheless, persistent claims of a “new boom” are the heart of the case for electing the 72-year old Trump to a second term next year, and are central to a nagging suspicion among US elites that the president may have one more Houdini-like escape from trouble left in him.

Too bad there is no boom. And the American people — most of them anyway — are likely to be smart enough to figure that out well before the election.

In fact, the jobs report simply continued a series of economic trends that began well before Trump took office in 2017. The growth of 263,000 jobs in April — a healthy number by any reckoning — did little more than offset a weak February, leaving the three-month average at a pedestrian 183,000. No boom there. Wage growth was lower than in the last two months, and no higher than it was in the last expansion that ended in 2007.

Similarly, for all of Trump’s talk of an investment-led growth boom, growth in GDP has also been little better than in 2014 or most of 2015 — before a hiccup caused by the flurry of worries about China’s debt load cut into US exports. This isn’t a huge surprise. First, big tax cuts like Trump’s 2017 corporate-tax bill did little for investment when Ronald Reagan and George W Bush did them, too. The data don’t show any surge in investment now -- the US economy’s better-than-average growth in the first quarter of this year was about a bump upwards in exports, state and local government spending, and inventory buildups, none likely to be repeated soon.

Indeed, the simplest numbers of all for non-experts like most US voters to digest are the unemployment rate, how fast jobs are being added, and the inflation rate. None of these are unusually good for Trump.

Yes, the unemployment rate is very low — but the 1.1-percentage-point drop since Trump took office 27 months ago is less than the drop in 2013 alone and the same as in 2014. Annualized, it’s half as fast.

Americans are used to falling unemployment now — it’s regarded as due recovery from the mess that followed the 2008 financial crisis, which cost the country 9 million jobs in what seemed like no time at all. If unemployment stopped falling, that would be a huge political problem.

Similarly, inflation is bouncing around 2 per cent — last year the consumer price index rose 1.9 per cent, including food and energy — and that’s no better than it has been through the last decade either. Real median household incomes, which took a 10 per cent hit between 2007 and 2011, recovered all of their losses by 2017 and have continued to rise without accelerating. Rumors of a tight jobs market that boosts pay sharply have proven exaggerated, and consumer confidence is high but declining slightly, according to surveys by the University of Michigan and the Conference Board.

The challenge for voters will be to decide whether Trump — who spends days ranting on Twitter about Russia, trade or immigration — is somehow transmogrified into the stable genius of his own imaginings when he turns to manage the economy.

Sure. If you believe that, we’ve got a Trump University degree to sell you. Indeed, one reason the economy and the stock market are strong as they are is that Trump muted his harsh rhetoric because markets often tanked when he threatened tariffs.

More likely, 2020 will feature Americans breaking into their now-familiar tribes, with the Blue team allocating credit for unemployment — which Barclays thinks may reach 3 per cent by then — to trends established under former President Barack Obama, and the Red team crediting Trump.

That leaves the election to be decided on culture issues — immigration chief among them — just as Trump wanted in 2016. And he can sell that to an electorate younger and more non-white than that which rejected him in the popular vote, hoping to replicate the electoral college tightrope walk that put him in office under even tougher conditions.

Yahoo is now part of Oath

 

[Harpy Eagle]

No where to go but up in 2009 (dead-cat bounce)? Or completely kill off America?(following the Chancy housing bust of 2008, paving the way for BO).

I hear this a lot, but it is not really true. It could have kept going down for a while.

Trump policies are moving it higher. Less regulation, less taxation, better trade deals ain't rocket science. But apperantly to BO and staff?......well why did they not do similar?

Btw: the runup before Trump took office is missing in your numbers. All due to everyone jumping in, knowing things would improve.

More than 90% of the gains in the market came before most of Trump's polices went into effect and prior to the start of the trade war. There was massive optimism in the market when Trump was elected, something I was sure enough would happen I moved a large chunk into it the night he won.

But now that optimism has given way to reality, and reality is 460 plus days of stagnation.

 

[leftwinger]

No where to go but up in 2009 (dead-cat bounce)? Or completely kill off America?(following the Chancy housing bust of 2008, paving the way for BO).

I hear this a lot, but it is not really true. It could have kept going down for a while.

Trump policies are moving it higher. Less regulation, less taxation, better trade deals ain't rocket science. But apperantly to BO and staff?......well why did they not do similar?

Btw: the runup before Trump took office is missing in your numbers. All due to everyone jumping in, knowing things would improve.

More than 90% of the gains in the market came before most of Trump's polices went into effect and prior to the start of the trade war. There was massive optimism in the market when Trump was elected, something I was sure enough would happen I moved a large chunk into it the night he won.

But now that optimism has given way to reality, and reality is 460 plus days of stagnation.

There was massive optimism in the market when Trump was elected, something I was sure enough would happen I moved a large chunk into it the night he won.

Did you just solve the thread? The market is forward looking, 6mos ahead. Now stalled out on China? Maybe If that logjam breaks?

 

[william the wie]

No where to go but up in 2009 (dead-cat bounce)? Or completely kill off America?(following the Chancy housing bust of 2008, paving the way for BO).

I hear this a lot, but it is not really true. It could have kept going down for a while.

Trump policies are moving it higher. Less regulation, less taxation, better trade deals ain't rocket science. But apperantly to BO and staff?......well why did they not do similar?

Btw: the runup before Trump took office is missing in your numbers. All due to everyone jumping in, knowing things would improve.

More than 90% of the gains in the market came before most of Trump's polices went into effect and prior to the start of the trade war. There was massive optimism in the market when Trump was elected, something I was sure enough would happen I moved a large chunk into it the night he won.

But now that optimism has given way to reality, and reality is 460 plus days of stagnation.

There was massive optimism in the market when Trump was elected, something I was sure enough would happen I moved a large chunk into it the night he won.

Did you just solve the thread? The market is forward looking, 6mos ahead. Now stalled out on China? Maybe If that logjam breaks?

If either the trade war or Investigating the witch hunt really busts their respective logjams money will pour into the US market and the various left-leaning social media will be hit by three or more regulatory regimes worldwide with the US contributing treasury, FEC, SEC and DOJ investigations into their part in the witch hunt.

 

[Harpy Eagle]

Did you just solve the thread? The market is forward looking, 6mos ahead. Now stalled out on China? Maybe If that logjam breaks?

When that breaks I expect good things, but will still be pissed about close to 500 wasted days if the deal with China is anything like the new NAFTA...a couple tweaks is not worth this long of stagnation.

 

[debbiedowner]

Is it up from the Beast/BO lows around that big drop election night 2016?

On Nov 1 2106 the DJI was 18,037

On Nov 8th 2016 (election night) it was 18,332...

That is not a drop.

Right from 18332 (DJT elected) to now, >26K. Correct? Overall his time, the market is up. With 99% working to destroy his Presidency. DNC wihispering to foriegn leaders, can't trust this guy. He wont last.

So when Obama took office the dow was 7550 and at end of term 18332 a difference of 10782. Trump took office at 18322 us approx 26000 a difference of 7678. Even if trump gets re elected he will not see the gain that Obama saw.

 

[HereWeGoAgain]

Is it up from the Beast/BO lows around that big drop election night 2016?

On Nov 1 2106 the DJI was 18,037

On Nov 8th 2016 (election night) it was 18,332...

That is not a drop.

Right from 18332 (DJT elected) to now, >26K. Correct? Overall his time, the market is up. With 99% working to destroy his Presidency. DNC wihispering to foriegn leaders, can't trust this guy. He wont last.

So when Obama took office the dow was 7550 and at end of term 18332 a difference of 10782. Trump took office at 18322 us approx 26000 a difference of 7678. Even if trump gets re elected he will not see the gain that Obama saw.

You keep saying Trump can't do this or that and yet he continues to confound you dipshits at every turn.

 

[basquebromance]

this is the strongest economy we've seen in a decade in America — and that's bad news for socialists.

 

[gipper]

Apparently the big tv network news channels barely reported this news.

Bad News for Liberals? ABC Can Barely Speak of 50-Year Low in Unemployment
The news was shocking on Friday morning when the Labor Department reported the economy added 263,000 new jobs -- higher than expected -- lowering the unemployment rate to 3.6 percent, the lowest in fifty years. Would the networks acknowledge this news, or try to dodge it like last Friday's surprisingly strong 3.2 percent growth in GDP? ABC and CBS skipped that, and NBC gave it ten seconds. This Friday, Curtis Houck noted on Twitter that CBS and NBC had full reports on Friday night, but ABC's World News Tonight was done with it in 18 seconds.

DAVID MUIR: A major headline about the American economy for you tonight. The U.S. adding 263,000 jobs in April, far more than expected. Unemployment falling to 3.6 percent. That's the lowest level since 1969. The Dow responding, jumping 197 points today, closing at 26,504.

This "major headline" arrived halfway through the newscast, after heart-tugging stories on a newborn being dropped during delivery and a story on a family of four dying in Ohio from carbon monoxide poisoning...and a full Jon Karl story on Trump and Russia.

NBC Nightly News offered a minute and 46 seconds, and Tom Costello stated that "for graduating seniors, the timing could not be better" and that the "tax cuts provided a shot in the arm." He also gave time to the fact that joblessness went down under Obama, too.

On the CBS Evening News, they highlighted the strong economic numbers but also found a poll showing some Americans haven't felt that success.Reporter Mola Lenghi concluded with a Debbie Downer spin: “What goes up must come down, Jeff, and another recession is inevitable.”

The PBS NewsHour consigned the unemployment news to an anchor brief (with a Larry Kudlow soundbite), lasting about a minute.

Bad News for Liberals? ABC Can Barely Speak of 50-Year Low in Unemployment

 

[beautress]

What great times to be living in. It's all thanks to our magnificent businessman President named Donald Trump. This is MAGA winning, folks!

DRUDGE REPORT 2019®

Unemployment hits 49-year low as US employers step up hiring

Jobs surge in April, unemployment rate falls to the lowest since 1969

The U.S. Stock Market Can’t Stop, Won’t Stop Its Endless Rally

I like it, WMM! From your first entry, which was from APP:

WASHINGTON (AP) — Hiring accelerated and pay rose at a solid pace in April, setting the stage for healthy U.S. economic growth to endure despite fears of a slowdown earlier this year.

Employers added 263,000 jobs, with the unemployment rate dropping to a five-decade low of 3.6% from 3.8%, though that drop partly reflected an increase in the number of Americans who stopped looking for work. Average hourly pay rose 3.2% from 12 months earlier, matching March’s year-over-year increase.
​

 

[MAGAman]

What great times to be living in. It's all thanks to our magnificent businessman President named Donald Trump. This is MAGA winning, folks!

DRUDGE REPORT 2019®

Unemployment hits 49-year low as US employers step up hiring

Jobs surge in April, unemployment rate falls to the lowest since 1969

The U.S. Stock Market Can’t Stop, Won’t Stop Its Endless Rally

This really pisses Democrats off.

 

[beautress]

“BUT, BUT, BUT....THE KENYAN!”

Obama sucked ass as a POTUS...yet still had better market growth...what does that say about your savior in the White House.

Market growth? LOL for what? Coffee shops?

These numbers are from the end of Apr, i do not feel like updating the math but the point still stands...

Since the day Trump took office:

DJI up 35.09%
S&P up 29.6%
NASDAQ up 54.63%


The same point under Obama:

DJI up 51.02%
S&P up 57.32%
NASDAQ up 98.42%

To recap, under Obama the DJI better by 15.93 percentage points, the S&P better by 27.72 percentage points and the NASDAQ better by 43.79 percentage points

No where to go but up in 2009 (dead-cat bounce)? Or completely kill off America?(following the Chancy housing bust of 2008, paving the way for BO).

Trump policies are moving it higher. Less regulation, less taxation, better trade deals ain't rocket science. But apperantly to BO and staff?......well why did they not do similar?

Btw: the runup before Trump took office is missing in your numbers. All due to everyone jumping in, knowing things would improve.

There is now a real risk of a melt up due to the improvement in the real economy. If the circuit breakers do not work on the way up we are in real trouble.

Thanks, william the wie, for reminding the board that being chary when things seem rosy is wise. I'll put our market place on my prayer list, because when America prospers, the world seems to prosper as well. Fewer children go hungry, and charities are helped when people have prosperity to spare.

 

[MAGAman]

Is it up from the Beast/BO lows around that big drop election night 2016?

On Nov 1 2106 the DJI was 18,037

On Nov 8th 2016 (election night) it was 18,332...

That is not a drop.

Right from 18332 (DJT elected) to now, >26K. Correct? Overall his time, the market is up. With 99% working to destroy his Presidency. DNC wihispering to foriegn leaders, can't trust this guy. He wont last.

So when Obama took office the dow was 7550 and at end of term 18332 a difference of 10782. Trump took office at 18322 us approx 26000 a difference of 7678. Even if trump gets re elected he will not see the gain that Obama saw.

The Dow is a good thing, and Obama, and especially to the FED, was great for Wall Street.

BUT Trump is great for America... And thats much better.

 

[Harpy Eagle]

What great times to be living in. It's all thanks to our magnificent businessman President named Donald Trump. This is MAGA winning, folks!

DRUDGE REPORT 2019®

Unemployment hits 49-year low as US employers step up hiring

Jobs surge in April, unemployment rate falls to the lowest since 1969

The U.S. Stock Market Can’t Stop, Won’t Stop Its Endless Rally

This really pisses Democrats off.

View attachment 259423

Put down the kool aid, nobody envies us.

A half a dozen peer countries have lower UE than we do.

There is no rally, we have been stagnant in the markets for 466 days.

and where the hell did you get the 27.77 figure?