Quote (Interesting @ 7 Sep 2017 12:22)
The biggest reason why the economy is doing "better" this year than previous years, other than that the economy grew a lot of the last five years, is because consumer confidence, one of the most solid predictors of consumer spending (which makes up most economic progress), jumped through the roof when Trump was elected.
yes and i've stated this plenty of times here.
Quote (Interesting @ 7 Sep 2017 12:22)
The biggest growth in terms of jobs have come in the low-paying retail sector and others like it, which you and every other conservative derided Obama for.
nope
https://www.cnbc.com/2017/03/08/private-sector-jobs-february-2017-adp.htmlCode
Companies added jobs at a blistering pace in February, with a notable shift away from the service-sector positions that have dominated hiring for years, according to a report Wednesday.
Employment in the private sector surged by 298,000 for the month, with goods producers adding 106,000, ADP and Moody's Analytics said. Construction jobs swelled by 66,000 and manufacturing added 32,000.
The total shattered market expectations of 190,000, according to economists surveyed by ADP. The blockbuster report also solidified market expectations for the Fed to hike interest rates next week. Probability for an increase jumped to 91 percent after the release, according to the CME.
The report encompassed the first full month under President Donald Trump, who has pledged to rebuild the nation's aging infrastructure system.
http://fortune.com/2017/08/07/july-jobs-report-economy-dow/Takeaways From a “Near-Perfect” Jobs Report
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A lot of annoying political analysis followed Friday’s jobs report. But if you strip away the spin, it was a good set of numbers – even “near perfect,” as Thomas Simons of Jeffries called it.
With the expansion entering its ninth year, and already the second longest on record, now’s the time to be looking for signs it is coming to an end. Friday’s report offered none
https://www.cnbc.com/2017/08/04/us-nonfarm-payrolls-july-2017.htmlCode
Bars and restaurants provided the biggest boost for the month with 53,000 more positives, while professional and business services contributed 49,000, the Bureau of Labor Statistics said.
In addition to the strong July report, June's 222,000 gain was revised up to 231,000 though May was cut from 152,000 to 145,000.
Significant job gains also came from health care, with 39,000.
Quote (Interesting @ 7 Sep 2017 12:22)
I'm not going to say we have a healthy economy until we can support this growth while we have higher interest rates and can sustain higher taxes. Which, spoiler, will probably never happen again.
fed raised the rate twice this year -
https://www.forbes.com/sites/laurengensler/2017/06/14/fed-raises-rates-june/i agree it was way too low for way too long but it seems it had to be done during the prior Administration. what are higher taxes going to do - pay for more foolish bureaucratic departments to staff up with redundant positions? if they're actually used for actual growth, then sure.
This post was edited by excellence on Sep 7 2017 10:31am
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