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Keyword: trumpeconomy

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  • What Trump Knows That Obama Didn’t

    10/19/2018 9:03:29 AM PDT · by MtnClimber · 39 replies
    The Weekly Standard ^ | 19 Oct, 2018 | Fred Barnes
    W e now know why President Obama had to struggle so hard to spur the economy and allow it to grow more than 2 percent a year. And that was the high-water mark. In the last quarter of his presidency, growth had slipped to 1.5 percent. Today it’s obvious what Obama’s problem was. He had the wrong policies‚ lots of them. How do we know this? Obama’s successor, Donald Trump, and the Republican Congress reversed Obama’s policies. The result, from the day Trump was elected, has been a more robust economy. Nearly 4 million jobs have been added, and unemployment...
  • Strong Economy Draws Women into U.S. Labor Force

    10/20/2018 6:38:49 AM PDT · by reaganaut1 · 12 replies
    Wall Street Journal ^ | October 20, 2018 | Harriet Torry
    For most of the last two decades, the share of women participating in the U.S. labor force was in decline, puzzling demographers and economists since female participation was rising in many other developed economies. Thanks to a strong economy, that long-running decline shows signs of reversing. Labor-force participation among prime-age U.S. women aged 25 to 54 has risen to 75.2% from 73.3% three years ago, as their unemployment rate dropped to the lowest level since the 1950s. A plenitude of jobs and a gradual rise in wages is drawing women back into the labor force, including those at the low...
  • JOBS NOT MOBS (Video ad)

    10/19/2018 12:00:29 PM PDT · by bigbob · 33 replies
    TRUMP 2020 via YouTube ^ | Oct 17, 2018 | TRUMP 2020
    1:24 video ad about the 2016 election - Two Choices
  • US employers post record number of open jobs in August

    10/16/2018 9:00:16 AM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Oct. 16, 2018 10:43 AM EDT | Christopher Rugaber
    U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth. Job openings rose a slight 0.8 percent to 7.14 million, the highest on records dating back to December 2000, the Labor Department said Tuesday. That is also far more than the 6.2 million of people who were unemployed that month. The number of available jobs has swamped the number of unemployed for five straight months. Hiring has been solid, which has pushed down the unemployment rate to a nearly...
  • Dow tumbles 650 points to new low on day, bringing 2-day losses to more than 1,400 points

    10/11/2018 11:57:57 AM PDT · by BradtotheBone · 98 replies
    CNBC ^ | 10/11/2018 | Fred Imbert
    Stocks fell in volatile trading Thursday, a day after the major indexes suffered steep losses sparked by higher rates and a sell-off in tech shares. The Dow Jones Industrial Average traded 650 points lower, bringing its two-day losses to more than 1,400 points. The S&P 500 dropped 2.1 percent and was on pace for a six-day losing streak. The broad index also broke below its 200-day moving average for the first time since May. The Nasdaq Composite pulled back 1.5 percent and entered correction territory. The major indexes fell after some of the major tech names failed to recover from...
  • Trump attacks ‘loco’ US Federal Reserve after worst stock market sell-off in months

    10/11/2018 7:49:48 AM PDT · by SeekAndFind · 64 replies
    Yahoo News ^ | 10/11/2018 | Justin Sink
    Donald Trump hit out at the Federal Reserve on Wednesday, accusing them of “going loco” over interest rate hikes this year, hours after the worst US stock market sell-off since February. Mr Trump said in an interview on Fox News that the market plunge was not because of his trade conflict with China, instead blaming the US central bank. “That wasn’t it. The problem I have is with the Fed,” he said. “The Fed is going wild. They’re raising interest rates and it’s ridiculous. The Fed is going loco.” He added: “They’re so tight. I think the Fed has gone...
  • White House top economist tells US businesses: "Stay away from China"

    10/08/2018 5:46:06 AM PDT · by Lurch Addams · 20 replies
    Yahoo News ^ | 10/6/2016 | Yahoo
    As trade tensions escalate between the U.S. and China, Washington is sending a warning to U.S. companies: Think twice about doing business with China. “If I were a business, I would basically just stay away from China right now. Their misbehavior is so terrible.” Kevin Hassett, chairman of the Council of Economic Advisers said on Yahoo Finance’s Market Mover Friday.
  • Unemployment rate falls to 49-year low

    10/07/2018 8:28:47 PM PDT · by NotaLowTBoomer · 27 replies
    Just posting this because you won't see it on Television, because it's actual news, and television doesn't report on real news. ashington (CNN Business)The last time the American job market was this strong, astronauts were still going to the moon. The unemployment rate fell to 3.7% in September, the lowest level since December 1969
  • Even the Seemingly Disappointing Job Creation Numbers Are Actually Pretty Great

    10/05/2018 8:20:08 AM PDT · by edwinland · 20 replies
    New York Times ^ | Oct 5, 2018 | Neil Irwin
    The September jobs numbers are the 2018 United States economy in a nutshell: Even when an economic report is bad these days, it’s actually pretty good. When the latest numbers first were broadcast at 8:30 a.m. Friday, it looked like a big disappointment. Employers added only 134,000 jobs to their payrolls last month, well below the levels of recent months and well below what forecasters had projected. But even apart from the usual warnings about statistical error and randomness (the true rate of job creation could turn out to be either much higher or much lower), the numbers are a...
  • United States : GE Appliances Plans $200 Million-Plus Investment, 400 New Jobs in Louisville

    10/04/2018 8:30:54 AM PDT · by bigbob · 17 replies
    Marketwatch ^ | 10-3-18 | NA
    During a news conference in Louisville, Gov. Matt Bevin joined elected officials and Kevin Nolan, president and chief executive officer of GE Appliances, a Haier company, to announce the appliance manufacturer will create 400 new jobs with a $200 million-plus investment in its laundry and dishwasher production facilities. GE Appliances has long been an exemplary corporate partner for Louisville and the commonwealth, Gov. Bevin said. This iconic company has employed many thousands of Kentuckians for generations, and we are grateful for their most recent investment in the Bluegrass State. As GE Appliances continues to adapt to a changing marketplace, we...
  • Gold Is Cheap. Inflation Is Coming. You Do the Math

    10/01/2018 6:57:57 PM PDT · by NRx · 94 replies
    Barrons ^ | 09-24-2018 | Andrew Bary
    Gold has gotten a bad rap. Long seen as the investment choice of the cranky and the fearful, the metal yields nothing; as Warren Buffett has said, it just “looks at you.” This year has been especially lackluster for gold. Its price has slumped 8%, to about $1,200 an ounce, and is off more than 35% from its high of $1,900 in 2011. Adding insult to injury, Vanguard will soon rechristen the largest gold-oriented U.S. mutual fund and shift its focus away from the metal. But this out-of-favor asset class now deserves a place in investment portfolios. Compared with stocks...
  • US Economy Grew at Robust 4.2% Rate in Q2; USA on Track for at least 3% annual growth

    09/27/2018 7:46:20 AM PDT · by SeekAndFind · 12 replies
    Transport Topics ^ | 09/27/2018
    The U.S. economy grew at a robust annual rate of 4.2% in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade. The performance of the gross domestic product, the country’s total output of goods and services, was unchanged from an estimate the Commerce Department made in August, the government reported Sept. 27. The strong GDP performance has been cited by President Donald Trump as proof that his economic program is working. “We’re doing much better than anybody thought possible,” Trump said at...
  • U.S. Household Net Worth Neared $107 Trillion in Second Quarter

    09/20/2018 11:32:36 AM PDT · by Red Badger · 37 replies
    WSJ ^ | Sept. 20, 2018 1:25 p.m. ET | By Harriet Torry
    The total net worth of U.S. households rose to nearly $107 trillion during the second quarter of 2018, as higher property and stock prices boosted Americans’ wealth. The increase on the quarter was 2.1% or $2.191 trillion, bringing household net worth to $106.929 trillion, according to data the Federal Reserve released Thursday. That was a larger gain than the revised $1.303 trillion advance in the first quarter. Household wealth in the stock market increased by about $848.3 billion in the quarter, reflecting higher equity valuations.
  • After attacking Trump, JPMorgan chief now says the president has done ‘pretty good’ with economy

    09/16/2018 10:46:30 AM PDT · by BenLurkin · 15 replies
    The Washington Post ^ | September 16 at 10:46 AM | Steven Mufson
    Appearing on ABC’s “This Week with George Stephanopoulos,” Dimon was asked “what kind of grade” he would give Trump just on the economy. “I’d say pretty good,” Dimon said. “You know, when President Trump was elected, confidence skyrocketed, consumers, small business, large corporate and because pro-business, pro-competitive taxes, pro some regulatory reform — and that has helped the economy,” Dimon told Rebecca Jarvis of ABC. “So it’s impossible for me to tease out how much, but it has helped the economy,” he said. “Yeah, he should take some credit for that.”
  • Trump effect: Food stamp usage down for EIGHT straight months

    09/13/2018 10:53:22 AM PDT · by SleeperCatcher · 11 replies
    The National Sentinel ^ | 9/13/18 | USA Features
    Winning: Americans’ use of food stamp assistance has now fallen for the eighth straight month as the POTUS Trump economy continues to expand, raising all boats and not just those of “the rich.”
  • Trump 'definitely' boosted U.S. growth, Fed's Bullard says

    09/12/2018 9:57:08 AM PDT · by 2ndDivisionVet · 12 replies
    NASDAQ ^ | September 12, 2018 | Ann Saphir, Reuters
    SAN FRANCISCO, Sept 12 (Reuters) - St. Louis Federal Reserve Bank President James Bullard on Wednesday credited U.S. President Donald Trump with boosting U.S. economic growth in a way that may prove to be sustainable by lifting productivity. "I definitely think that the political change had an influence; I think that this is a pro-business administration that wanted to pursue strategies that were focused on economic growth," he told reporters after speaking at CFA Society Chicago, pointing to the reduction in corporate tax rates and improvements in business sentiment under Trump. Bullard said he currently estimates the economy is capable...
  • Trump Economic Advisor Drops MOAB On Obama Economy

    09/12/2018 5:15:06 AM PDT · by knarf · 32 replies
    WH Presser ^ | Sept 11, 2018 | WH Presser
    News We Can Use
  • Give Trump the Nobel Prize for Economics

    09/10/2018 9:34:15 PM PDT · by Helicondelta · 29 replies
    townhall.com ^ | Sep 11, 2018 | Stephen Moore
    This past week I asked a friend at the White House about how the president was holding up against the onslaught of media attacks. "They didn't even deliver a glancing blow," was the response. It wasn't for a lack of trying. Has any president in modern times been the target of such a Blitzkrieg of orchestrated assaults -- from John McCain's funeral turned anti-Trump scrum to Bob Woodward's discredited new book trashing the president to the media infatuation with the anonymous New York Times op-ed by a disgruntled federal employee who hates President Trump. Here we go again. Trump is...
  • ShayoNano USA Selects Chester, South Carolina, for Manufacturing Plant (40 jobs)

    09/08/2018 6:08:33 PM PDT · by 2ndDivisionVet · 9 replies
    Area Development ^ | September 7, 2018 | Staff
    ShayoNano USA, Inc., an innovative developer of advanced materials, plans to construct a new manufacturing facility in Chester County, South Carolina. The company’s $14.7 million capital investment is projected to bring approximately 40 new jobs to the community. The company is a manufacturer and provider of nanomaterials, such as synthesizing additives that improve the profitability and performance of a variety of products. The company harnesses its unique, patented technology to support a range of uses, including paints and coatings, fire retardants, nanocomposites and more. Located at 564 Ecology Lane in Chester, ShayoNano’s new, 23,000-square-foot manufacturing facility is projected to start...
  • Watch: Obama Takes Credit for Job Numbers He Said Couldn't Happen

    09/08/2018 11:52:48 AM PDT · by grayboots · 39 replies
    Twitter ^ | 9/8/2018 | J.A. Alvira St.
    #SaturdayMorning Obama thought the internet would forget this video. He should of known better. Video at link