General Discussion
In reply to the discussion: This is the best summary of why we hate 45 I've ever seen. [View all]progree
(10,901 posts)Yes, it did super-great up to January 26, 2018 when the S&P 500 closed at 2873. But since then, it's just been essentially squirming and worming away essentially sideways
Looking at the S&P 500 just now (3:20 PM ET) it's 2993. That's up only 4.2% from the January 26, 2018 close of 2873.
Meanwhile, the job numbers are faltering
In its 29 months, the Trump economy has created 810,000 FEWER jobs than Obama's last 29 months
and the pace of job creation has markedly slowed in 2019 ...
Summary: Average monthly net new jobs created
221,000 <- Obama's last 29 months
194,000 <- Trump's 29 months (February 2017 through June 2019)
172,000 <- 2019 so far (January through June)
144,000 <- Last 5 months (February 2019 through June 2019)
Most of this is from a Forbes contributor. It also checks out with the Bureau of Labor Statistics numbers
details: https://www.democraticunderground.com/111685907
If someone says that, well gee, my boss can't find anyone to fill the open positions, the unemployment rate is at 50 year lows, blah blah, ask them why, if the labor market is so "tight", why the prime-age (25-54) labor force participation rate is down from pre-Great Recession average levels, going decades back -
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=12256909