Closing Thought–06Nov17

Trump takes to Twitter to condemn Clinton, rag on Sessions, bitch about Comey, rail on about Mueller and pick in”Rocket Man…..in other words he belittles anyone that will not kiss his ass….instead he should be chest thumping about the economy and especially the unemployment rate that has come down under his regime….

US employers added a robust 261,000 jobs in October as the economy recovered from hurricanes that slammed the Southeast in September, per the AP. The Labor Department says the unemployment rate declined to 4.1%, the lowest in nearly 17 years, from 4.2% in September. The burst of hiring (though it was actually below estimates of 325,000, per the Wall Street Journal) mostly reflects a rebound from a trio of hurricanes that temporarily depressed job gains. But it also shows that for all their fury, the storms did not knock the economy off course.

“Now that the storms have passed, the focus can return to the central question for the United States job market: With unemployment low, when will wage growth accelerate?” writes Ben Casselman at the New York Times. Average hourly earnings continue to rise at about 2.5% year-over-year, below the annual rate economists would predict when unemployment is this low. Over the past three months, hiring has averaged 162,000. That is similar to the pace of hiring before the hurricanes. Employers added just 18,000 jobs in September, as thousands of businesses were forced to close. That figure was revised higher from a previous estimate that showed a loss of 33,000.

This is great news for the economy that he, Trump, could take credit for doing but instead he takes to Twitter like the spoiled brat that he is and just shows his stupidity with every new Tweet.

It is tiring writing about the idiot that we put in the White House…if he only had a brain.

That is it for me for today….TTFN….chuq

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2 thoughts on “Closing Thought–06Nov17

  1. I fail to comprehend why he isn’t justifiably boasting about the improved US economy. He could be going on about that every day, instead of all the Twitter stuff. The economy actually makes his policies look good! It’s a missed opportunity.
    Best wishes, Pete.

    1. His ego is his biggest problem…it will not let him move beyond Twitter attacks on those that say something against him…..he is demented….chuq

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