trump Crashes the Economy Yet Again

[katzgar]

the guy has skills.....down 200

[LV426]

Since the Russia Tax Cut, the market is flat...not what was promised.

Real wages have grown less than 1%...not what was promised.

We kicked off the Fiscal Year with a $100B deficit for the first month...not what was promised.

Conservatives are simply bad for the economy, for wages, for everyone.

[archives]

The bump the tax cut gave the economy is subsiding

[Jack]

the guy has skills.....down 200

How come you never praise Trump when the DOW goes UP 200 points?

[Sailor]

How come you never praise Trump when the DOW goes UP 200 points?

Better yet, what kind of sad sack skills do they possess if they are working and not getting bonuses and raises.

[anatta]

U.S. job growth soars; annual wage gain largest since 2009
U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December.

The Labor Department’s closely watched monthly employment report on Friday also showed the unemployment rate was steady at a 49-year low of 3.7 percent as 711,000 people entered the labor force, in a sign of confidence in the jobs market.

Sustained labor market strength eased fears about the economy’s health following weak housing and business spending data. President Donald Trump cheered the robust jobs report, which came less than a week before the midterm elections that will decide who controls the U.S. Congress.

“These are incredible numbers,” Trump tweeted.

Nonfarm payrolls increased by 250,000 jobs last month as employment in the leisure and hospitality sector bounced back after being held down by Hurricane Florence, which drenched North and South Carolina in mid-September.

There were also big gains in construction, professional and business services payrolls, and manufacturing, where employment increased by the most in 10 months.

The economy created 118,000 jobs in September.

Economists polled by Reuters had forecast payrolls would increase by 190,000 jobs in October and the unemployment rate would be unchanged at 3.7 percent. The Labor Department said Hurricane Michael, which struck the Florida Panhandle in mid-October, “had no discernible effect on the national employment and unemployment estimates for October.”

Average hourly earnings rose five cents, or 0.2 percent, in October after advancing 0.3 percent in September.
That boosted the annual increase in wages to 3.1 percent, the biggest gain since April 2009, from 2.8 percent in September.

Employers also increased hours for workers last month. The average workweek rose to 34.5 hours from 34.4 hours in September.

“The report shows a booming U.S. economy with a sufficient whiff of wage inflation to keep the Fed on track to raise rates in December and at least twice next year,” said David Kelly, chief global strategist at JPMorgan Funds in New York.

Strong annual wage growth mirrors other data published this week showing wages and salaries rising in the third quarter by the most since mid-2008. Hourly compensation also increased at a brisk pace in the third quarter.

Firming wages support the view that inflation will hover around the Fed’s 2.0 percent target for a while. The personal consumption expenditures price index excluding the volatile food and energy components, which is the Fed’s preferred inflation measure, has increased by 2.0 percent for five straight months.
https://www.reuters.com/article/us-u...-idUSKCN1N70AJ

[Jack]

Better yet, what kind of sad sack skills do they possess if they are working and not getting bonuses and raises.

Wait!
What?

Bonus? Raise? ... what the Hell are those? Who gets those things???

[anatta]

record low unemployment, solid wage gains, GOOD jobs growth across various sectors.
Employees working more hours. hourly compensation up strong.

You really can't do better then this boom

[Adolf_Twitler]

How come you never praise Trump when the DOW goes UP 200 points?

That makes a great point.

However, I credit Trump for doing away with the regulations that has led to the current Stock Market towering away out of control.

However the market is vulnerable again to the same things that crashed our financial markets just a few years ago.

Those regulations were put there for real reasons and look for the drunk investors to crash our financial institutions again! It's just a matter of time.

And Donald Trump will be fully responsible for that when it happens!

[floridafan]

Better yet, what kind of sad sack skills do they possess if they are working and not getting bonuses and raises.

Who is getting bonuses and raises? The average middle class worker's wages have not kept up with inflation.

[Sailor]

Wait!
What?

Bonus? Raise? ... what the Hell are those? Who gets those things???

My crews. Other people I know. What going on?

[anatta]

Who is getting bonuses and raises? The average middle class worker's wages have not kept up with inflation.

they have more then kept up. there were lots of bonus paid out In kind payments up.
and we are doing this while interests rates rise

[Sailor]

Who is getting bonuses and raises? The average middle class worker's wages have not kept up with inflation.

Be better than average.

[Jack]

That makes a great point.

However, I credit Trump for doing away with the regulations that has led to the current Stock Market towering away out of control.

However the market is vulnerable again to the same things that crashed our financial markets just a few years ago.

Those regulations were put there for real reasons and look for the drunk investors to crash our financial institutions again! It's just a matter of time.

And Donald Trump will be fully responsible for that when it happens!

The Market has to go down at some point. It can't keep going up forever.

[floridafan]

they have more then kept up. there were lots of bonus paid out In kind payments up.
and we are doing this while interests rates rise

Do you have a source you can share that shows lots of bonuses being paid out. I read that 3/4 of the savings from the tax cuts went to corporate stock buy backs, and dividends. Nothing that middle class workers share in.