America's economy grew a little more at the beginn
Post# of 65628
Posted On: 05/28/2016 5:09:58 PM
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America's economy grew a little more at the beginning of the year than first thought, but it's still not much to celebrate.
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The Atlanta Fed forecasts that second quarter growth could be as high as 2.9%, a real spring bounce similar to what the U.S. economy experienced in the past two years.
http://money.cnn.com/2016/05/27/news/economy/...index.html
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Giant Lie: Many economists say the job market is at or near full employment .
2% GDP growth is good these gnats say.
Actually the 5% or less unemployment number has been a common metric for 'full employment' for many years. And as the article states no one is breaking out the 'party hats' over GDP much less claiming that 2% 'is good'.
Face it, you'll have to discount ANY positive job numbers, positive unemployment numbers and GDP upticks because they would all signal headwinds for GOP election chances.
And Trump with his 'worst ever' hyperbole is the worst ever vehicle for challenging the numbers.
Prediction: 4.8% unemployment, new job creation 175K-250K/mo. and GDP of 2.5% or higher, by the time of the Oct. reports, Trump and the GOP are sunk. So, root for bad numbers like the good Americans you claim to be! "We had to burn the village to save it".
All of the following from the article you linked to.
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The good news is the U.S. economy has really picked up since April. New single-family homes sales surged 16.6% in April compared to March, the best pace since early 2008.
American consumers also showed signs of life: retail sales increased the most in April in over a year. Even wages are ticking up a little bit. But experts caution that wage growth still isn't picking up enough momentum for many Americans.
"We're not seeing huge wage increases," says Tom Gimbel, CEO of the LaSalle Network, a staffing firm in Chicago. "People don't have more money to spend based on what the actual wages are."
Despite modest wage growth gains, overall economic growth expectations have picked up for the second quarter.
The Atlanta Fed forecasts that second quarter growth could be as high as 2.9%, a real spring bounce similar to what the U.S. economy experienced in the past two years.
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