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Thread: Bye Bye Obamaconomy, Hello Trumpconomy!

  1. #731
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    Today's good news.

    WASHINGTON (Reuters) - More American workers voluntarily quit their jobs in May, government data showed on Tuesday, a sign of confidence in the labor market that economists say will soon boost wage growth.

    In its monthly Job Openings and Labor Turnover Survey, or JOLTS, the Labor Department said the number of workers leaving jobs of their own free will increased 212,000 to 3.3 million.

    That lifted the quits rate one-tenth of a percentage point to 2.4 percent, the highest since April 2001.

  2. #732
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    The Trumpconomy continues to surprise in the the good way.

    Business Insider Thu, Jul 12 12:00 AM CDT


    The number of Americans filing for unemployment benefits fell more than expected last week, hitting a two-month low, in a sign that labor market conditions remained robust in early July. Initial claims for state unemployment benefits dropped 18,000 to a seasonally adjusted 214,000 for the week ended July 7, the lowest level since early May, the Labor Department said on Thursday.

  3. #733
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    Another week, more better than expected performance of the Trumpconomy.

    https://finance.yahoo.com/news/u-ret...131457339.html

    The Commerce Department said on Monday retail sales increased 0.5 percent last month. Data for May was revised to show sales rising 1.3 percent, the largest since September 2017, instead of the previously reported 0.8 percent gain.

    Economists had forecast retail sales rising 0.5 percent in June. Retail sales in June gained 6.6 percent from a year ago.

    Forecasting firm Macroeconomic Advisers raised its April-June quarter GDP growth estimate to a 5.1 percent annualized rate from 4.9 percent. The economy grew at a 2.0 percent pace in the first quarter.
    From the Atlanta FED:

    Latest forecast: 4.5 percent — July 16, 2018

    The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.5 percent on July 16, up from 3.9 percent on July 11.

  4. #734
    Under Protest excalibur's Avatar
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    Quote Originally Posted by Libertine View Post
    Another week, more better than expected performance of the Trumpconomy.

    https://finance.yahoo.com/news/u-ret...131457339.html



    From the Atlanta FED:

    Didn't we just read from BigLeroy that consumer confidence was declining since Trump was sworn in? And then I showed that in October 2017 it reached a level not seen since ~2000. Now this increased retail spending showing still high consumer confidence. Can the left ever tell the truth?
    Last edited by excalibur; Today at 11:51 AM.

  5. #735
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    Quote Originally Posted by excalibur View Post
    Can the left ever tell the truth?
    That's a rhetorical question, right?

  6. #736
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    Let's hope the GOP hangs on to congress, I'm ready for a little prosperity for a change.

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