Payrolls were up 178,000 last month and the unemployment rate fell to a nine-year low of 4.6 percent, in yet another installment of solid, monthly job reports. Wage growth was flat in November, manufacturing jobs are down, and the labor force contracted slightly, so the report was not uniformly positive. But the job market continues… Read more
Over at WaPo. If there’s anyone who still thinks this Trump guy doesn’t have uniquely acute political instincts, this Carrier incident should finally disabuse you of that notion. OTOH, if you think this is a sustainable strategy to revitalize US manufacturing, I strongly disagree.
This WaPo piece by James Hohmann makes a strong point that one hears a good deal these days: the Hillary Clinton campaign failed to provide hope that her administration could bring good jobs back to key swing states like Ohio, while the Trump campaign succeeded in hammering that message home. The piece focuses on a… Read more
There’s a good editorial in today’s NYT on Trump’s hyper-negative take on the economy versus what’s going on in the actual economy. I made similar points in yesterday’s Daily News, bemoaning the extent to which facts are on the run in this election cycle. [BTW, a small fact check between these two pieces: according the… Read more
Payrolls rose 161,000 last month, in yet another in a series of solid reports on conditions in the US job market. Revisions to prior months added 44,000 to job counts, bringing the near-term (3-month average) trend in job growth to a robust 176,000 per month. The unemployment rate ticked down slightly, but this was due… Read more