Got an apocalypse, anyone?
Posted on 02/08/2020 3:13:11 AM PST by karpov
[T]he data on the economy are giving [Trump] something genuinely worth boasting about.
That was especially evident in the first employment numbers of 2020, released Friday morning. It was about as good a jobs report as an incumbent president could hope for nine months before Election Day — and not just in obvious ways.
The big headline out of the latest numbers was that employers added 225,000 jobs in January, comfortably more than analysts had expected. That alone suggests that economic growth is steady at a minimum, and maybe accelerating as the year begins.
The seemingly bad news in the report — the unemployment rate ticking up to 3.6 percent from 3.5 percent — was actually driven by positive underlying trends. The share of adults either working or looking for work rose to 63.4 percent, its highest level since mid-2013. And the share of adults between ages 25 and 54 who were employed reached 80.6 percent, its highest level since mid-2001.
For years, an open question was whether the many Americans who dropped out of the labor force in the aftermath of the Great Recession would ever come back in. The answer is a resounding yes.
Then there are wages, which have been the weak spot of the employment picture for years. They still are: Average hourly earnings are up only 3.1 percent over the past 12 months, below the rates being recorded for most of last year (the same measure rose 3.5 percent for the year ended in August).
But as much as workers might want to see a few extra tenths of a percent growth in their paycheck, the good news for the Trump administration is that this downshift in wage growth is an important reason the Federal Reserve looks unlikely to raise interest rates this year
(Excerpt) Read more at nytimes.com ...
Presidents have a lot of “sway” over the economy. At least this president does. Eliminating regulations that hold back business growth, lowering taxes on small business, completing trade deals with foreign countries all are factors for creating economic success.
Got an apocalypse, anyone?
The election is Trump’s to lose.
Pure BS. Trump made this economy go. NYT can KMA.
The only thing that could hurt the economy is what they call a black swan. I think that’s the right term. Pray nothing happens.
“Even if presidents have less sway over the economy”
Not THIS president! Just the cuts in regulations alone has had a tremendous effect on the economy.
Trump’s economic policies have had a YUGE effect on this economy.
THIS president MATTERS! Bigly!
They are seeing the writing on the wall. Carville, NYT, all the House members.
I think it’s dawning on them that three years of “get Trump” hasn’t inspired one new person to vote for DemoKKKrats. Moreover, I think they are starting to get concerned about the House.
You have got to be $h!tting me!!!! Sway over the economy? They used to be held responsible for it before obummer who had 8 years of lackluster performance.
Not a chance, Propaganda Machine! The American People know better!
Never give a Leftist rag any credence when it comes to evaluating a president’s power to goose a reluctant economy. They just don’t have the aptitude for it.
Ha...Trump can handle it without breaking a sweat.
He thrives on situations that would drive most others under the table into a thumb sucking stasis.
Remember the Trump modus operandi:
Unexpected
Instantaneous
Devastating.
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