- Professor Fate
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The unemployment rate remained 4.1 percent, the lowest level since 2000, the Labor Department said in its monthly jobs report Friday.
The pay gains show that employers are increasingly competing for a narrower pool of workers with the U.S. expansion now in its ninth year. Raises stemming from Republican tax cuts and minimum wage increases in 18 states also likely boosted pay last month. The figures point to an economy on strong footing, fueled by consumer spending and global growth.
The pickup in wages could make it likelier that the Federal Reserve will raise short-term interest rates more quickly in coming months. In anticipation of inflation pressures and of a possible acceleration of Fed rate hikes, investors sent the yield on the benchmark 10-year Treasury note surging after the jobs report was released. The yield reached 2.84 percent, from 2.79 percent before the jobs report was released.
Stock prices also plunged after the jobs report was issued, partly in response to the prospect of higher rates as well as to poor earnings reports from Google's parent company Alphabet, Exxon Mobile and Chevron.
https://www.msn.com/en-us/money/markets ... li=BBnb7Kz
The Obama recovery started in June, 2009.
The recession Bush handed off to Obama started in December of 2007. There was no upturn.
That said. I don't think it matters much who turned the ship around. It's now going in the right direction. Now the question is, will it continue? How fast and how far?
Or, more likely, neither or them. Most presidents receive much more credit for what the economy does than they probably deserve.not4u13 wrote:Economists frequently tell us that any changes to the economy that happen during the first year of a President's term could not be caused by that President but rather are much more likely to be due to the previous President.
On the other hand, if millions of people started investing in the stock market in anticipation of a Trump presidency and a more favorable climate for business, that must certainly be credited to Trump and not Obama.
No, you simply shove reality through a partisan filter.Bick wrote:Apparently neither MDD or I don't know basic math, and can't read a calendar either.
You'll get some resistance on whether or not we're headed in the right direction, but you're correct...it doesn't matter who turned the ship around - not to me anyway. What's important is the decisions that were made, and an objective analysis of whether or not they were helpful.
- Omar Bongo
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Reason: fixed the broken image
"How stupid is our country?"
John Q. Public
- John Q. Public
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John Q. Public
I think it's hard to argue that our economy is better now that it was 10 years ago when we were in a recession. History is the best judge of the impact that leadership decisions have on the economy. One thing most people agree on though, the condition of the economy has little or nothing to do with the actions taken during the first year a President is in office. The tax cut this administration passed (which is the single biggest thing it has done) will certainly help economic growth even if it does horrible things to the national debt.Bick wrote:You'll get some resistance on whether or not we're headed in the right direction, but you're correct...it doesn't matter who turned the ship around - not to me anyway. What's important is the decisions that were made, and an objective analysis of whether or not they were helpful.