U.S. wages growing at fastest rate in 9 years as unemployment stays at 3.9 percent

Whoever didn't listen to Mama that's their fault.

Stocks are on sale now.

Dick's Sporting Goods at 30 and change two days ago is waaaay better than Dick's at 60 and change two years ago. Waaaay better.

 

Thanks Mr President and the GOP Congress!! I certainly hope Nancy P doesn’t return us to the double digit unemployment she gave us te last time she was Speaker. It’s clear the market s responding to the Dems victory in te house

 

My employer hasn't given me a pay rise to buy stock.

 

You are so unaware. I did well last time, and I will do well this time. As I hope to do. But, really, you are misstating what is happening..

 

The Great Recession was the gift of the GOP in power from 1994 to 2006 with Clinton and Bush's help.

The message of posts 39 and 45 cannot that the GOP double digit recession was cut more than half by Obama.

 

We had a booming economy from 94 to 06...just like now.

 

And then that booming economy collapsed because it was not structured, because of GOP policy, to carry the boom without bust.

Just like now.

 

It collapsed years after the Dems took Congress, that wasn’t much of a surprise.

 

The Democrats will take the blame for wrecking the economy for 2020.

 

Actually the economy took a nose dive after 2001.

 

Briefly because of 9/11 but picked back up

 

It collapsed 20 months after the Dems took the Senate and were unable to unwrap the twelve years of GOP mismanagement, yes.

 

Yes it didn’t take long for the Dems to quickly ruin things. I can still he Barney frank in 08 telling us how Fannie and Freddie were sound and doing great. What a lair

 

The GOP ruined things, struth, and that's how the history books teah it.

Your beliefs are already out of the text books.

 

Funny, when Trump was running he repeatedly stated that the unemployment rate was as high as 42% when it was, in fact, at 5.1%.

"The unemployment rate may be as high as "42 percent."
— Donald Trump on Monday, September 28th, 2015 in a press conference

https://www.politifact.com/truth-o-...-trump-says-unemployment-rate-may-be-42-perc/

So, going by the president's own numbers, the unemployment rate is now somewhere around 40.5%, not the 3.9% he's now celebrating.

Does he really believe that he slashed unemployment by 36%?

Does anyone believe that?

 

Sorry to hear that.

 

Oh, hell, Jake, given the passing of enough TIME, of course the markets will straighten themselves out. I simply think there's going to be a very significant 'correction' coming because the markets have become so overvalued. But I hope you do well... I got out a long time ago. I missed out on the big 'Fed' fraud-balloon run-up, but I missed out on 'The Great Recession', and, I'm missing out on what ever is happening now.

Suggestion: be very careful about trying to 'catch-a-falling-knife'. Make sure the market has sunk down to the sane levels of actual-value before you take a lot more risk. There will be occasional 'dead-cat-bounces', sure, but don't get caught when everything heads downward again. I usually avoid the cliff face when I hear the rumble of what is very likely a rock slide.... Oh, and don't be tempted to be panicked into buying gold and silver coins, because the Fed rigs the precious metals markets, too....

 

There was a small correction that led to overvalued property. Which eventually (and not too long afterward) burst along with high gas prices that made a daily living hell for many people. To tell you the truth the economy hasn't really improved. There is still inflation that devalues any wages, many people have been pushed to part-time work so employers can avoid given out benefits and/or can cut back on benefits to their employees, stagnation of wages, foreclosed homes, layoffs, pensions being depleted, lack of any financial breaks for many people, lack of decent jobs for highly qualified young people, young people putting off marrying and having kids, etc...

This hasn't been fixed in any way and the market is still vulnerable to the wild mood swings of Trump and his consent idea of trade wars with major trading partners- is, in his words a good thing. This just has turned the stock market to wipe out any gains they made this year and getting those gains back will take time for anyone. Lucky I am young enough to actually regain those losses but many others are not old enough before retirement, etc...

 

I would argue that the real unemployment number is like 25% if you take account the number of people that are underemployed and/or have given up on finding any work:

http://www.shadowstats.com/alternate_data/unemployment-charts

 

I have bad news for you guys. The rate of decline in unemployment has slowed under Trump. The unemployment rate came down faster under Obama.

Take your pick:
https://fred.stlouisfed.org/series/UNRATE/

https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm

https://www.macrotrends.net/1316/us-national-unemployment-rate

 

So we are now in the middle of Trump's first term and he hasn't been able to achieve wage growth rates under Bush or Clinton despite record low unemployment.

 

So what is the "real value" level for the S&P 500?

 

It came down after the GOP took congress....of course it came down faster from the double digit UE obama and the Dem congress gave us...it was much higher

of course ir came down faster from the double digit UE rate obama and the dem congress gave us. There was more to come down from...thanks to a gop Congress

 

Who knows for sure? My 'guess' is that the Dow and the S&P are still overvalued somewhere around 30%, even after the recent disruptions. The NASDAQ is likely even more overvalued... perhaps ~40%. Maybe a much better question would be, "What is the 'real value' of the approximately FOUR TRILLION DOLLARS of crap that the Fed still has on its toxic 'balance sheet'...?"

 

It came down consistently under Obama.

It's easy to invent fantasies, huh? Tell me what point on one of those graphs you're referring to where "ir(sic) came down faster from the double digit UE rate obama and the dem congress gave us." THERE IS NO SUCH POINT.