Trump Nails It Again

[jazz]

https://www.cnbc.com/2019/05/03/nonfarm-payrolls-april-2019.html Jobs surge in April, unemployment rate falls to the lowest since 1969

Record job growth.
REAL individual wage growth.
High labor force participation.
Unemployment at 3.6% (lowest since ‘69).
Record high job surplus (7million+)


The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, according to a Labor Department report Friday.

[ajl]

You forgot to mention that deficit projections for fiscal 2019, while still cause for concern, are trending downwards. I expect further revisions to the downside before the fiscal year is over. I will have to admit that I was skeptical that the US economy had this much potential left in it.

[sumdumguy]

Trump must cast his eyes northward and say, ‘Poor Canada’.

[dave4441]

While i am as right wing as they get, Trump is an idiot and this started long ago under Obama.

https://www.marketwatch.com/story/good-jobs-report-shows-there-is-still-no-trump-boom-2019-05-03?mod=mw_theo_homepage

[dave4441]

I apparently don't know how to do a hot link but the chart associated with this article shows steady job growth from 2010. Chart didn't come thru when i cut and paste.


There’s nothing particularly new about this economy

By

TIM
MULLANEY
WRITER

Since bottoming out in 2010, the number of jobs in America has increased at a fairly steady pace.
It’s been a springlike week for the persistent breed of optimism that really wants to believe that President Donald Trump is creating a boom where there was only despair before.

Certainly, Friday’s report that the U.S. economy created 263,000 new jobs in April, with the unemployment rate falling to 3.6%, is part of that picture.

But the new part of the argument is that better productivity numbers that came out Thursday are somehow proving the case that the 2017 tax cut is fueling an investment-led boom that will raise growth and worker pay and, as Stevie Wonder once said, “skysc****rs and everything.”

If only it were true. And if only the same people, led by White House economic adviser Larry Kudlow, hadn’t been selling the same soap last year. Right before a 20% drop in the S&P 500 SPX, +0.70% (and 19% in the Dow Jones Industrial Average DJIA, +0.43% ) that coincided with a fourth-quarter slowdown and one of Trump’s periodic flirtations with luring China and/or Europe into a trade war.

Nothing new
In fact, there’s nothing particularly new happening in this economy — not on jobs, not in wage growth and not on investment. The productivity blip may or may not last — but we know from recent history, and economic research far predating Trump, that even if the investment boom Trump predicted had happened (my colleague Caroline Baum recently laid that theory to rest) it would not be moving productivity rates for another several years.

On its face, this isn’t a bad jobs report — but it’s also not an unusual one.

[ajl]

President Trump has been right much more than wrong, so what is it that makes him an idiot? His record is good and that should ought to command at least grudging respect. The media is full of his detractors so the fact that they try to put a negative spin on everything in nothing new. It is true that there has been job growth since 2010 but gains near the top are more impressive than coming off a low. There are some analyst that are now calling for a 40000 DOW so we many not be near the top. There premise is that all the worlds investment capital combined with new technology will be invested in the US as the rest of the world is dead due to gross mismanagement. We shall see.

[jazz]

Obama has been gone for 2.5 yrs. This is trumps economy now and he lit a fire under it. Obama just bought his growth with $10T in stimulus. Trumps gains have been won by pulling capitalist levers. Much different animal if you know your economics.

[grassfarmer]

.... It is true that there has been job growth since 2010 but gains near the top are more impressive than coming off a low....

Then if you're honest, by the same token you would also congratulate Trudeau as unemployment figures here have also dropped to figures not seen in more than 40 years.

[Guest]

Trump must cast his eyes northward and say, ‘Poor Canada’.

He probablys rubs his hands together and says “can you believe that guy” and says
“How can anyone be that dumb”
The art of the deal

[agstar77]

Did he nail another pornstar??L.O.L.

[Taiga]

Then if you're honest, by the same token you would also congratulate Trudeau as unemployment figures here have also dropped to figures not seen in more than 40 years.

As a New Canadian, you do not understand our unemployment statistic at all.

https://business.financialpost.com/opinion/the-ugly-truth-hiding-behind-canadas-low-unemployment-rate-should-worry-us-all

[grassfarmer]

As a New Canadian, you do not understand our unemployment statistic at all.

https://business.financialpost.com/opinion/the-ugly-truth-hiding-behind-canadas-low-unemployment-rate-should-worry-us-all

Not that new that I don't know the Fraser Institute isn't an independent think tank but a right wing puppet of corporate interests.

[jimmy]

Trudeau’s jobs are government Trumps are private sector. Big difference one drains the tank one fills it up.

[Guest]

the funniest thing of all is while the leftards were scurrying around worrying about russia and porn stars he quietly went behind them and turned the whole economy around . they didn't even know it was happening? he threw them these tidbits(Russia, stormy , etc.) to keep them out of his hair while he was " making the USA great again" . and these sorry bunch of losers didn't even realize it was happening ?
they missed the whole performance while they were trying to dig up shit on trump. the leftards may want to read and study "the Art of the deal" . political classes will mull over this for generations as they will what happened to Canada in the same time frame .
meanwhile this clueless one took us down a trail of destruction

[LEP]

God bless the USA !

It's the only place I prefer !

I think Wiseguy is Tony Beets