12/10/17: Let’s give it up for Trump! The stock market has set repeated highs since his election. In November 228,000 jobs were added to the economy. This means, your “favorite President,” as he has taken to calling himself, has seen 1,916,000 jobs added in the first eleven months of 2017.
He’s doing almost as well as Barack Obama in 2016, when
2,085,000 jobs were added in a similar span.
5/6/18: Random notes on the Trump economy. The April jobs report is out. It’s solid, with 164,000 jobs added (preliminary report). This keeps alive a streak of 91 months of growth, 76 under President Obama.
Despite a historically low unemployment rate, the average American worker can still feel: Something isn’t right.
Adjusting for inflation, in 1970, 92% of Americans, age 30, were making more than their parents at that same age. By 2010 that figure had fallen, for those born in 1980, to 50%.
A recent study by the Federal Reserve finds that 46% of workers would not have cash to pay
emergency medical expenses of $400 or higher. (The median out-of-pocket cost of
emergency medical care is now $1,000.) One in four persons surveyed said they
went without dental care to save money. As for those without health insurance,
41% said they skipped doctors visits.
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Most American textile jobs have been shipped overseas. Pay for those who still work here is not good. |
