Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. Added 164,000 Jobs in July
Breitbart ^ | 08/02/2019 | John Carney

Posted on 08/02/2019 6:18:53 AM PDT by ChicagoConservative27

The U.S. economy added 164,000 jobs in July and unemployment held steady at 3.7 percent.

Economists surveyed by Econoday had forecast a gain of 151,000 for July and for unemployment to decline slightly to 3.6 percent.

While the economy has continued to grow this summer, it has shown signs of slowing from the rapid 3.1 percent rate of growth in the first three months of the year. Manufacturing has been a weak spot while consumer spending and the labor market have been strong. Economic growth slowed to a 2.1 percent rate in the April through June period.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Government; News/Current Events; Your Opinion/Questions
KEYWORDS: added; jobs; july; us

1 posted on 08/02/2019 6:18:53 AM PDT by ChicagoConservative27
[ Post Reply | Private Reply | View Replies]

To: ChicagoConservative27

Expectedly


2 posted on 08/02/2019 6:41:54 AM PDT by babble-on
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Good news. Thanks for posting.


3 posted on 08/02/2019 6:50:05 AM PDT by PGalt
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

I have to confess I am disappointed and confused why the USA can’t hit 4 to 5% growth. The corporate tax cuts should have done that.


4 posted on 08/02/2019 11:31:40 AM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sam Gamgee

Probably because a lot of what we buy is still foreign made. We have a lot of manufacturing to bring back before we’ll hit those numbers.


5 posted on 08/02/2019 2:56:25 PM PDT by TwelveOfTwenty (Prayers for our country and President Trump)
[ Post Reply | Private Reply | To 4 | View Replies]

To: TwelveOfTwenty

Many “experts” think it can’t be done, but I recall in America’s formative years it had HIGHER salaries than Europe and still thrived, so why not again?


6 posted on 08/02/2019 3:31:45 PM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 5 | View Replies]

To: Sam Gamgee
>>>I have to confess I am disappointed and confused why the USA can’t hit 4 to 5% growth. The corporate tax cuts should have done that.

Well - I've tried to explain this to some FReepers - but they weren't willing to listen. The answer is actually very simple and easy to research.

The corporate tax cuts have mostly been spent by the big guys (think Forbes 500) on stock buy-backs. S&P 500 companies gave $1 trillion last year of their tax cuts back to investors in the form of stock buy-backs and dividends to investors.

You want to know why the market is so high? It's easy to do when corporations are spending record amounts buying their own stock.

7 posted on 08/02/2019 3:51:29 PM PDT by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog show. Theater for sheep. My politics determines my "hero")
[ Post Reply | Private Reply | To 4 | View Replies]

To: NELSON111

Yeah, but does it make economic sense to buy back shares at the astronomical PE ratios they have? I suppose that is another argument altogether.

But if what you are saying is the case, the tax cuts have not gone where the POTUS intended, into better wages, RD, ect...something that would improve the economy.


8 posted on 08/06/2019 1:06:32 PM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 7 | View Replies]

To: Sam Gamgee
>>>But if what you are saying is the case, the tax cuts have not gone where the POTUS intended, into better wages, RD, ect...something that would improve the economy.

They haven't gone where he intended an that's for sure and no it doesn't make sense - but that is what they have done. But think about it - who is prospering off of it? The CEOs mostly -

9 posted on 08/06/2019 2:46:06 PM PDT by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog show. Theater for sheep. My politics determines my "hero")
[ Post Reply | Private Reply | To 8 | View Replies]

To: ChicagoConservative27

Bump


10 posted on 08/12/2019 6:26:12 PM PDT by foreverfree
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson