U.S. employers added 164,000 jobs to the payroll in July and the unemployment rate remained the same at 3.7 percent, the Labor Department announced Friday.
These stats put the average job growth for the past three months at 140,000, down from 233,000 in the last three months of 2018. July saw average hourly wages increase by eight cents to $27.98.
Additionally, about 370,000 new workers were added to the job market last month.
Payroll employment increases by 164,000 in July; unemployment rate unchanged at 3.7% https://t.co/NsuHovcqn0 #JobsReport #BLSdata
— BLS-Labor Statistics (@BLS_gov) August 2, 2019
In the fall of 2016 Trump was saying the real unemployment rate was about 40% now under his watch we should believe it’s 3.7%.
The economy is slowing and Current Occupant will only make it worse with his trade wars and tariffs and false promises concerning coal, manufacturing et. al. He’s shooting himself in the foot… not unlike the wonderful Boris Johnson who continues to push his hapless country towards the Brexit precipice.
Incoming tweet that will (unironically) claim the economy is both soaring and blame the slowdown on Obama.
If I’m not mistaken, we are in a stealth bear market now.
Trade war escalation with China will accelerate things downward.
If the fed lowers rates again, look out below.
S&P forward PE was at 18.04 Friday before last and it slipped tp 18.15 last Friday. If we keep going at this rate, a correction will be certain.