USA Unemployment Plumets To 3.6%... US Adds 263,000 Jobs Last Month!

[Economy 52,859]

https://www.bnnbloomberg.ca/u-s-jobs-top-forecast-with-263-000-gain-wages-miss-estimates-1.1253372

 

The US added a stronger than expected 263,000 jobs last month and the unemployment down to a fresh low of 3.6%

 

Wages grew at an annual rate of 3.2%. That was slightly below expectations but still above the rate of inflation.

 

Low wages have been a dragging problem during this economic cycle and in the last year wage growth has really turned around. Employers seem to finally be competing for labor

 

Amazon for example has risen its lowest payed workers to $15/h, Walmart has risen its lowest payed workers to $11/h above minimum wage and Bank of America rose its lowest payed workers to $20/h!

[iAstroLeo 14,452]

Good for the USA, but bad for 2020 elections  

[HorusRa2 5,005]

I think we all know who to thank for the higher wages. 

[Economy 52,859]

5 minutes ago, HorusRa2 said:

I think we all know who to thank for the higher wages. 

Uhhhhhh... Who?

[Woolfsmck 2,763]

18 minutes ago, iAstroLeo said:

Good for the USA, but bad for 2020 elections  

Yeah, trump is gonna take credit for this....lower taxes on small business' is part of the reason tho....

If the left would 'recognize this simple fact, and take a more pragmatic taxation approach,  I think they would get more of the middle vote.

[Economy 52,859]

Just now, Woolfsmck said:

Yeah, trump is gonna take credit for this....lower taxes on small business' is part of the reason tho....

If the left would 'recognize this simple fact, and take a more pragmatic taxation approach,  I think they would get more of the middle vote.

Trumps tax cuts are definitely helping boost the economy and stretching out the expansion

 

I just wish he came up with the money for it tho. Maybe cut military a bit to help pay for tax cuts?

 

Running deficits of 5% of GDP during good economic times is extremely rare and almost unheard of, this is very unsustainable

 

In Canada out last deficit was like 0.8% of GDP and ppl are still trashing Trudeau for it

[PunkTheFunk 125,703]

Suddenly I'm a Twink4Trump

[Economy 52,859]

Just now, PunkTheFunk said:

Suddenly I'm a Twink4Trump

Of course only a portion of this strength can be attributed to Trump. His tax cuts (which aren't even sustainable long term)

 

The macro corrections that happened in 2008 to lay foundation for solid growth, the energy boom and low energy prices which have helped growth were not his doing

[pachinko 10,755]

17 minutes ago, PunkTheFunk said:

Suddenly I'm a Twink4Trump

And #MuscleTop4Trump

[Economy 52,859]

13 minutes ago, pachinko said:

And #MuscleTop4Trump

[pachinko 10,755]

2 hours ago, Economy said:

Follow my social media. Are we allowed to share on here? Dm me if you want it. 

[Economy 52,859]

2 minutes ago, pachinko said:

Follow my social media. Are we allowed to share on here? Dm me if you want it. 

Yeah ur allowed ppl do all the time

 

I don't add ppl I don't know in real life tho... I just don't like my social media having all this following of ppl I don't know sorry

[pachinko 10,755]

3 minutes ago, Economy said:

Yeah ur allowed ppl do all the time

 

I don't add ppl I don't know in real life tho... I just don't like my social media having all this following of ppl I don't know sorry

I thought we were a little monster family 

[Economy 52,859]

Just now, pachinko said:

I thought we were a little monster family 

We are

 

I follow users here on GGD and I'll even follow any YouTube accounts or any other major posts

 

Just not in my social media like instagram cuz it's been problematic in the past for me

[HorusRa2 5,005]

7 hours ago, Economy said:

Uhhhhhh... Who?

Was being mildly facetious but I was referring to Bernie. 😁 Amazon, Disney etc