I'll be thrilled when tRump's *presidency* is a bad memory. Right now it's a horrible present.
Yep, we have a horrible present.
The Unemployment Rate Does Not Signal A Recession
Update - October 4, 2019
Oct. 4, 2019 10:29 AM ET
|The Unemployment Rate Does Not Signal A Recession: Update - October 4, 2019 | Seeking Alpha
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Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy
BY PETER VICENZI
10/07/2019
Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy | FreedomWorks
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Younger and Minority Workers Lead Wage Gains as Expansion Ages
Oct. 17, 2019, 8:59 AM
A tightening labor market with U.S. unemployment rate at a 50-year low is starting to result in higher wages for full-time workers, including younger people and minorities whose pay has lagged.
Median weekly earnings for Americans in the third quarter rose 3.6% to $919, outpacing inflation, the U.S. Labor Department reported Wednesday. Earnings for those aged 25 to 54, in their prime working years, rose by 5%, the fastest rate of growth in recent years.
Younger and Minority Workers Lead Wage Gains as Expansion Ages
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ECONOMY
Record-low black unemployment cheered by black activists
Published 1 month ago on September 9, 2019
[...]
“Love him or hate him, this is an incredible economic accomplishment for the President and a tremendous benefit for American blacks,” said Project 21 member Derryck Green.
Along with a reported third straight month of 3.7 percent overall unemployment, the federal Bureau of Labor Statistics (BLS) August jobs report noted that the overall black unemployment rate fell half-a-percent to 5.5 percent. This is the lowest black unemployment rate ever recorded. BLS began reporting employment statistics by race in 1972. And with overall white unemployment at 3.4 percent, it is also the smallest reported gap between the races ever in terms of joblessness. Until recently, the racial employment disparity between blacks and whites has generally held to a 2-1 margin.
Record-low black unemployment cheered by black activists
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Help wanted: Too many jobs and not enough workers in most states
Tim Henderson, Stateline Published 8:00 a.m. CT Oct. 15, 2019 | Updated 7:10 p.m. CT Oct. 15, 2019
In 39 states, there are more jobs than people looking for them, according to a Stateline analysis of June hiring and employment data from the federal Bureau of Labor Statistics.
Help wanted: Too many jobs and not enough workers in most states
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America Created 266,000 Jobs in November
JOHN CARNEY 6 Dec 2019
The imaginary recession of 2019 is over.
The U.S. economy added 266,000 jobs for the month and the unemployment rate fell to 3.5 percent, matching the lowest level in 50 years.
Economists had expected the economy to add 180,000 jobs and for unemployment to remain unchanged at 3.6 percent, according to Econoday.
Adding to the picture of strength for the labor market, previous jobs numbers were revised up. September’s figure was revised up by 13,000 to 193,000. October was revised up by 28,000 to 156,000. Together, that adds 41,000 more jobs than previously reported.
[...]
Average hourly wages are up 3.14 percent compared with last year, above economist expectations. In manufacturing, the average workweek increased by 0.1 hour to 40.5 hours. Average hourly ages of private-sector production and nonsupervisory employees rose by 7 cents in the month to $23.83, a 0.22 percent gain.
[...]
America Created 266,000 Jobs in November | Breitbart
https://www.washingtonpost.com/busi...economy-added-jobs-jobless-rate-fell-percent/
Wall Street soars after economy added robust 266,000 jobs in November
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USMCA: Agreement reached on Nafta trade deal replacement
10 December 2019
The US, Mexico and Canada have finalised a trade deal that will replace the 25-year-old North American Free Trade Agreement (Nafta).
Agreement reached on Nafta trade deal replacement
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Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars
by JOHN CARNEY
20 Dec 2019
The November hiring surge pushed incomes for Americans higher last month.
Incomes rose by half a percentage point in November, above economists’ forecasts and much better than the soft readings in September and October. This was the strongest gain since July, according to data from the Commerce Department on Friday.
Consumer spending rose at a 0.4 percent annual rate last month, led by a jump in spending on big-ticket durable goods like autos and appliances.
The higher spending is not due to rising prices. Inflation, as measured by the Federal Reserve’s preferred price indicator, is still running well below the Fed’s 2 percent target. It came in at just 1.5 percent for November compared with a year ago.
And despite the rise in consumer spending, Americans are saving more. The saving rate edged up to 7.9 percent of after-tax income in November.
Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars | Breitbart
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US employment remains strong, 145,000 jobs added in December
By JOSH BOAK AP Economics Writer
January 10, 2020, 7:07 PM
U.S. employers downshifted their hiring in December, adding 145,000 jobs as consumer spending appeared to aid gains in the retail and hospitality sectors
US employment remains strong, 145,000 jobs added in December
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