By Heather Long Heather Long Economics correspondent Email Bio Follow May 3 at 6:20 PM The U.S. economy again defied expectations in April, as another month of strong hiring and falling unemployment forced experts to reevaluate just how good the economy can get — and how long the current expansion can last.
Some expressed concerns about rising debt after the Trump administration undertook heavy borrowing to fund tax cuts and additional government spending to boost growth. President Trump is actively pushing for more, including a $2 trillion infrastructure package, additional military spending and extra stimulus from the Federal Reserve.“ ‘Spectacular’ is the only way to describe this jobs report,” said Sung Won Sohn, an economist at Loyola Marymount University and SS Economics.
While there are some signs of slowing — job growth this year is averaging 205,000 a month, down from 223,000 last year — the pace remains well above forecasts. And the abundance of “we’re hiring” signs and online job postings is luring people who weren’t necessarily looking for a job back into the labor market.
Right now the vital signs look solid. Much of U.S. economic growth is driven by consumer spending, and people are expected to keep spending given that jobs are plentiful, wages are rising for many and optimism about the economy is at the highest levels since about 2000, according to Gallup polls. “You have to give the White House some credit on the productivity front. There’s been a clear change there,” said Doug Holtz-Eakin, an economist who advised John McCain’s presidential campaign. “It’s very encouraging, but you can’t celebrate too soon.”
Yes. A drop is coming, and TRUMPs actions Will be the precursor and when it happens He will blame others as usual!!!
BREAKING NEWS FLASH!! And 'some' are not.
If your want this to change VOTE DEMOCRAT
Trumps economy is kicking ass, let's worry them that something that isn't happening is actually happening so they think all this good that's happening them isn't happening.
Inflation is not accounted for...
Dear dumbasses, a strong economy is a good thing. Try as you might, you can’t change that fact.
Has anybody stopped to consider the source of all this great unemployment numbers..I mean..the team that couldn't even keep track of children separated from parents all of a sudden is trusted for numbers that have gone beyond believable...?🙄
Talking down Trumps great economy are you? I know your hoping with the rest of the losers that read this rag that the economy collapses before the 2020 elections.
'The latest piece of good news comes accompanied by strong wage growth...' Strong wage growth? Workers got an avg hourly pay raise of $0.06 in April. A month earlier, wages increased $0.04. Avg workweek declined from 34.5 to 34.4. Lazy journalism or intentionally misleading!
'Unemployment numbers may not fully account for gig-economy workers, who may self-report as being 'employed' despite not being on a payroll, according to a new report from the Federal Reserve Bank of Dallas. - Business Insider 4/19/19
Can’t handle winning?
Did Bill Beach (BLS Commissioner) make changes to the monthly jobs analysis (measuring labor force participation using prime age instead of entire population, and redefining unemployment) that Ryan Ellis (Center for a Free Economy) recommended?
Y’all been screaming about warning signs since 11/8/2016
The lowest unemployment rate in 49 years has occurred. And this is what the Washington Post reports? You guys are a complete joke.
I'm wondering if we can trust this report giving that it's coming from an administration that lies boldly and consistently across the board.
Soon we're gonna party like its 1929....
🤔 YES!
Only for the wealthy.
Any position I want? And I don't have to have larger breasts or slightly smaller thighs? Obviously a talent... Ah ha ha ha🤣🤣🤣🤣😅
Laws of supply & demand haven't changed. Obvious explanation: labor market is not as tight as measurements suggest. 'unemployment' depends on qualitative notion of 'looking'. If labor force is down, as it is, then it's more unemployment. Money speaks louder than stats.
You’ve posted a similar “oh it’s not going to last” gloom & doom story every month since Trump has been president. It’s almost like you are trying to downplay how good the economy is, but why would a “news organization” do such a thing?
Fabricated job numbers.
Take away the fast food jobs at min wage and the underperforming manufacturing sector plus the temp job numbers and what do you have🤔 InsideTheNumbers
3% wage growth for an employee earning $10.00 per hour is 30 cents an hour or $624 per year per full time worker hardly enough to cover the increase in monthly utility bills.
Economy is great, but we'll inject fear anyway!
If it is too good to be reported it must just be too good to be true or least non-attributable to Nancy Pelosi or Chuck
cool i'm unemployed
They are dying old men they dont care! It kids just being born and in middle school now that should be worried! They will never own a damn thing.
Did you know that the actor and humanitarian, Verne Troyer once said of Chicken In A Biscuit, “ I may be small in size but my taste buds are Yao Ming! This shit is the best snack cracker for your dollar. I love biscuits ! “ Verne Troyer - RIP
Yes they are! It's right in front of smart economic majors faces. They gave credit card companies a gold rush to lead ppl. They probably need it however will not worry about how to pay it. Nothing is being regulated anymore.
LOL. It sucks to have to root against the American economy.
Well if there is a negative spin on it I’m sure you will find it, anything to make us sad
Juicing the economy by slashing taxes for the rich & corporations Running up the National Debt Letting companies run wild re: regulations/protections for environmental, safety, consumers When it comes crashing down Trump & GOP will walk away w/their pockets full of cash
Of course. Because you simply cannot believe that the economy is just doing well under Trump.
You are embarrassing yourselves. Just stop.
It is usually a sign the economy is doing well wen people like ewarren, SpeakerPelosi, KamalaHarris, etc., start talking about giving away other people's money.
He’s probably faking the numbers.
Giving a trillions in Tax breaks to the wealthiest during a strong and growing economy while deregulating banks is a pretty big warning sign
Rubbish. Asset bubbles are getting bigger due to a decade of emergency low interest rates and unaffordable tax cuts. The labour market participation is at 1970's levels.
No this is what you get when you put a businessman in office
doing everything they can to not admit this POTUS is killing it. They would rather you suffer than admit they are wrong.
Analysts AND Officials huh? Lol. Be honest. They only thing THEY worry about is that the economy will keep thriving into 2020 and beyond sealing another realDonaldTrump win.
Sure, but just try to get a raise.
It’s ALWAYS NEGATIVE with you!!! What the f**k!? 🤷♂️
It's better than an Obama/Biden economy.
ALL DUE TO PRESIDENT OBAMA'S POLICIES!
Can you for 1 moment be happy that the Trump Economy is BOOMING‼️🙄
It's because 'analysts and officials' whatever that means don't care about low wage. There are lots of jobs, they just require that you choose between food for your kids versus summer air conditioning, car payments, or prescription meds that require a deductible you can't afford.
The economy might be good for some, but gas prices are high, grocery prices are through the roof, and utilities keep going UP.
It’s better than having a bad economy
Oh for crying out loud!
Oh good lord Now the Washpost hates President Trump because the economy is TOO GOOD....lol
Yes.
Hitler is Deutschland, Deutschland is Hitler - Rudolph Hess,
Well we shall see hopefully right b4 the election..
Who are these people?
Yes
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