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Treasured Social Butterfly
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Re: The Economy That Wasn’t Supposed to Happen: Booming Jobs, Low Inflation

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Message 11 of 15

@KidBoy2 wrote:

https://www.nytimes.com/2019/05/03/business/economy/jobs-report-april.html

 

 

Job Growth Underscores Economy’s Vigor; Unemployment at Half-Century Low

The unemployment rate fell to its lowest level in half a century last month, capping the longest streak of job creation in modern times and dispelling recession fears that haunted Wall Street at the start of the year.


Well there are Two Major Reasons the Booming Economy that Obama Started is Continuing

 

1. Trumps pick for Federal Reserve - Herman Cain - was Torpedoed

 

2. Trumps pick for Federal Reserve - Stephen Moore - was Torpedoed

 

 

Yay - Woman & African Gold Miners will be safe until Trumps next try for a Federal Reserve pick

 

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Valued Social Butterfly
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Re: The Economy That Wasn’t Supposed to Happen: Booming Jobs, Low Inflation

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Message 12 of 15

https://www.nytimes.com/2019/05/03/business/economy/jobs-report-april.html

 

 

Job Growth Underscores Economy’s Vigor; Unemployment at Half-Century Low

The unemployment rate fell to its lowest level in half a century last month, capping the longest streak of job creation in modern times and dispelling recession fears that haunted Wall Street at the start of the year.

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Treasured Social Butterfly
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Re: The Economy That Wasn’t Supposed to Happen: Booming Jobs, Low Inflation

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Message 13 of 15

WASN'T SUPPOSED TO HAPPEN?

 

WHO TOLD YOU THAT?

 

 

SINCE 1950

ECONOMY .png

 

 

SINCE 2010

 

ECONOMY 1.png

 

 

Since 2005 economy 2.png

 

 

Source - https://ig.ft.com/sites/numbers/economies/us/

 

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Regular Social Butterfly
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Re: The Economy That Wasn’t Supposed to Happen: Booming Jobs, Low Inflation

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Message 14 of 15

Huh...now what about this problem looming in the background? You know....like all those grad students who have to live in Mom and Pop's because they can't afford housing and repaying college student loans...not too mention the many, many others?

 

May 2, 2019 - Politifact - "Yes, millions of families spend bulk of income on housing"

 

https://www.politifact.com/truth-o-meter/statements/2019/may/02/bernie-sanders/yes-millions-families...

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Valued Social Butterfly
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The Economy That Wasn’t Supposed to Happen: Booming Jobs, Low Inflation

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Message 15 of 15

https://www.nytimes.com/2019/05/03/upshot/unemployment-inflation-changing-economic-fundamentals.html

 

The Economy That Wasn’t Supposed to Happen: Booming Jobs, Low Inflation

 

 

 

The labor market the United States is experiencing right now wasn’t supposed to be possible.

Not that long ago, the overwhelming consensus among economists would have been that you couldn’t have a 3.6 percent unemployment rate without also seeing the rate of job creation slowing (where are new workers going to come from with so few out of work, after all?) and having an inflation surge (a worker shortage should mean employers bidding up wages, right?).

And yet that is what has happened, with the April employment numbers putting an exclamation point on the trend. The jobless rate receded to its lowest level in five decades. Employers also added 263,000 jobs; the job creation estimates of previous months were revised up; and average hourly earnings continued to rise at a steady rate — up 3.2 percent over the last year.

 

============================================================

 

Good news for our country....news that makes many on the left shaking.

 
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