Posted on 12/08/2017 4:48:58 AM PST by IBD editorial writer
The number of people filing for unemployment benefits last week came in "unexpectedly" low. Instead of 240,000 claims, there were 236,000, which marked the third week in a row this number has dropped.
That's not a big deal in the grand scheme of things. It's just one measure, after all, and the differences aren't huge.
Except it adds to a pile of "unexpectedly" good economic reports that have been coming out these days.
ADP reported that payrolls "unexpectedly" climbed 190,000 in November, while analysts had predicted 185,000.
Consumer confidence "unexpectedly" hit a 17-year high in November.
Labor costs "unexpectedly" fell in the third quarter while productivity surged. Economists thought costs would edge up by 0.3%.
Retail sales in October "unexpectedly" rose. Economists had expected them to be flat.
These are pulled just from headlines of the past few weeks.
(Excerpt) Read more at investors.com ...
No, where is that being reported? All I can find is the Russia scandal and women being objectified by him and Judge Moore?
I have noticed it, but the media refuse to report it
After eight long years, the Obama era fiscal / economic polices are FINALLY kicking in...LOL.
Anybody remember the Obama administration push of “Recovery Summer” I think that lasted six summers...
I’m sure that’s what Dems are saying.
Apparently only the voters.
Right. Too much “real” news to report. Who has time to talk about the economy?
Then 3 mos later they would lower them down to the real numbers when nobody would notice. Hitler and Stalin would be proud.
Obama jokingly congratulates himself for continued job creation under Trump: ‘Thanks, Obama’
http://www.freerepublic.com/focus/f-news/3611197/posts
Hubris.
This may be hard to believe but after languishing for a long time my 401k has increased no less than 60K since January of this year. No joke.
“Yes”, signed every Democrat in America which is why they have become so desperate.
Depends on whose expectations we are talking about. I KNEW that the economy would take off as quickly as Obama got out of its way.
Wage growth today. Economist wonders, “Can it last?”
If this had been Zero, headline would be “Promised land at last.”
Thanks John. Perhaps you can send this to the brain-dead media. They don’t seem to have a clue.
While every one of Obummer’s fell short.
“Expectations” are like polls and AGW modeling. A prediction of future events is extremely limited in ever being accurate or even anywhere near the right direction of change. Your crystal ball has a few cracks in it.
Predictions and polls are meant to frame things to nudge them into a self-fulfilling prophecy. Nothing more, ever.
The same Dems that were dry humping Bill Clinton’s very first quarter report suddenly think 11 months into Trump isn’t Trump.
I bet if the stock market had crashed January 2nd of this year, Obama wouldn’t be getting credit for that.
It’s so obvious the lack of Recovery had everything to do with over regulation.
Unprecedented.
...and the rate of WINS is increasing.
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