- Fri Aug 04, 2017 12:38 pm
#92064
Milestone for Trump: 1 million new jobs in six months
America has added more than a million jobs since President Trump took office.
The U.S. economy added a strong 209,000 jobs in July, more than economists had expected. The unemployment rate fell to 4.3%, matching a 16-year low. Just after the Great Recession in 2009, unemployment peaked at 10%.
"The economy is looking pretty good," said Cathy Barrera, chief economic adviser at ZipRecruiter, the job posting site.
Many economists say the United States is at or near "full employment," meaning the unemployment rate won't go down significantly more.
The job market continues to be one of the main strengths of the U.S. economy. July was the 82nd consecutive month of job growth.
But wage growth is sluggish. Wages grew only 2.5% in July compared with a year earlier. The Federal Reserve would like to see wage growth kick up to 3.5%.
"There's still questions about when we're going to see that spike" in wages, said Chris Gaffney, president of Everbank World Markets. "Are we going to see more wage increases for U.S. workers?"
The United States has added 1.07 million jobs during Trump's six months in office. Of course, he isn't entirely responsible for the job market. A slew of factors throughout the economy affect hiring decisions.
http://money.cnn.com/2017/08/04/news/ec ... index.html" onclick="window.open(this.href);return false;
And to think Dogshit and ilk hate Trump and want him out of offce.. Trump created more jobs in 6 months then Ojackass did in 8 years.
America has added more than a million jobs since President Trump took office.
The U.S. economy added a strong 209,000 jobs in July, more than economists had expected. The unemployment rate fell to 4.3%, matching a 16-year low. Just after the Great Recession in 2009, unemployment peaked at 10%.
"The economy is looking pretty good," said Cathy Barrera, chief economic adviser at ZipRecruiter, the job posting site.
Many economists say the United States is at or near "full employment," meaning the unemployment rate won't go down significantly more.
The job market continues to be one of the main strengths of the U.S. economy. July was the 82nd consecutive month of job growth.
But wage growth is sluggish. Wages grew only 2.5% in July compared with a year earlier. The Federal Reserve would like to see wage growth kick up to 3.5%.
"There's still questions about when we're going to see that spike" in wages, said Chris Gaffney, president of Everbank World Markets. "Are we going to see more wage increases for U.S. workers?"
The United States has added 1.07 million jobs during Trump's six months in office. Of course, he isn't entirely responsible for the job market. A slew of factors throughout the economy affect hiring decisions.
http://money.cnn.com/2017/08/04/news/ec ... index.html" onclick="window.open(this.href);return false;
And to think Dogshit and ilk hate Trump and want him out of offce.. Trump created more jobs in 6 months then Ojackass did in 8 years.
- By johnforbes
- By brandon