Slashdot Mirror
U.S. Jobs, Pay Show Solid Gains in Trump's First Full Month (bloomberg.com)
Two anonymous reader share a Bloomberg report: U.S. employers added jobs at an above-average pace for a second month on outsized gains in construction and manufacturing while wage growth picked up, as the labor market continued its steady improvement in the new year. The 235,000 increase followed a 238,000 rise in January that was more than previously estimated, the best back-to-back rise since July, a Labor Department report showed Friday in Washington. The unemployment rate fell to 4.7 percent, and wages grew 2.8 percent from February 2016. While unseasonably warm weather may have boosted the payrolls count, the data represent President Donald Trump's first full month in office and coincide with a surge in economic optimism following his election victory.
Not scaring the holy hell out of investors is a good thing. The previous admin operated with a one-two punch of literally a policy of being unconcerned with how much a regulation cost for the tiniest of gains, combined with unconstrined spending coupled with "They must pay their fair share" rhetoric showing the need (spending, borrowing) and willingness to increase taxes at some point.
If you are an investor, to hell with it. A few percent decline and there goes your growth.
(-1: Post disagrees with my already-settled worldview) is not a valid mod option.
I love the dumb fucks who think people who have been screwed are voting against their best interests if they don't vote Democrat.
Ample evidence of that will be soon forthcoming with the health care bill. It'll be interesting to see how the Republicans try to blame what they have wrought on Democrats, unless they plan to intentionally throw the 2018 elections.
Someone had to do it.
Why is this bullshit moded "interesting"? US unemployment has been steadily declining for the past 7 year of the Obama administration, after the previous "business friendly" president completely fucked up the economy by refusing to regulate the banking sector. Obama's "economically toxic" policies seem to have been very good for the economy. I hope you don't think sticking a label will make us ignore the facts. Most of the slashdot crowd is not that stupid. Please do not offend us with you idiocy.
GP is repeating crap he heard without any actual investigation into the issue. Apparently capital and business is fleeing the US because it is such a business mecca.
Seven puppies were harmed during the making of this post.