The Briefing Room
General Category => Economy/Business => Topic started by: To-Whose-Benefit? on September 07, 2018, 07:18:43 pm
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Reuters
Staff Sept 7 2018
[excerpt]
https://freebeacon.com/issues/u-s-job-growth-surges-annual-wage-gain-largest-since-2009/
WASHINGTON (Reuters) – U.S. job growth accelerated in August and wages notched their largest annual increase in more than nine years, strengthening views that the economy was so far weathering the Trump administration's escalating trade war with China.
The Labor Department's closely watched employment report published on Friday also showed slack in the jobs market was rapidly diminishing, with a broader measure of unemployment falling to a level not seen since 2001. The report cemented expectations for a third interest rate increase from the Federal Reserve this year when policymakers meet on Sept. 25-26.
"The economy is on an adrenalin rush," said Ryan Sweet, senior economist at Moody's Analytics in West Chester, Pennsylvania. "Given the amount of fiscal stimulus that the economy is benefiting from, it's going to take a lot to get it off that high."
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In before the haters slink in to explain how this all a lie.
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In before the haters slink in to explain how this all a lie.
Yeah.......but things would be a whole lot better if Evan McMuffin won.
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In before the haters slink in to explain how this all a lie.
So we pulled the economy out of crisis, but to this day, too many people who once felt solidly middle class still feel very real and very personal economic insecurity.
B. Obama September 7, 2018
Some haters will never see prosperity as they thrive on discouragement,