Posted by bronxcheer on 7/6/2019 10:02:00 AM (view original):
From the ulta-liberal Newsmax:
Data released on Friday showed a return to strong job growth in the United States, allaying some fears the U.S. economy is on a short path to recession. But the data also reinforced the view that economic growth is slowing.
Here are some take-aways from a report by the U.S. Labor Department on U.S. employment during June.
SLOWING GROWTH
Every month the Labor Department surveys payrolls in the private sector to calculate how many hours employees across the nation worked. Seen as a proxy for economic growth, this index of the national work effort grew 0.2% in June, a rate near the muted gains clocked in recent months. That suggests the U.S. economy, which grew at a 3.1% annual rate in the first quarter of this year, could be cooling.
COOLER WAGE GROWTH?
Growth in private sector average hourly earnings accelerated throughout 2018 and through February of this year, when year-over-year growth hit the strongest rate since 2009 at 3.4%. June's growth rate, however, was a more modest 3.1%. It is probably too early to tell if there has been a break in the upward trend.
WAGE LAGGARDS
The manufacturing sector added 17,000 jobs in June after several months of weak growth or outright decline. Wage growth in the factory sector, however, has underperformed the national average. Wage growth has also been lower in the education and health jobs category tracked by the Labor Department.
SOooooooooooo..........................................
The economy is growing stronger and faster than at any time under the former LIBERAL administration.
The manufacturing jobs the FORMER administration said would NEVER come back are here and growing.
Once the democrats approve the USMC deal and we get the CHINA deal, the economy will explode.
Where's Nancy Pelosi when you need her? Most transparent? Where are you Nancy. America needs you NOW!
IF I DIDN'T KNOW BETTER I would have to say you rejoice in bad news and want Americans to HURT and FAIL.
But I also know your next post will be something positive about TRUMP because you are fair and balanced.