The latest from Kapitalist Kitty. No, Trump is not to be given credit for the jobs report.
It looks like the latest report on U.S. jobs has indicated an upturn in the job market.
…of course, information like this is almost always misunderstood by people who only have passing knowledge of economics, which is most Americans. People forget that economies respond relatively slowly to policy action and that the commander in chief has far less control of the American economy than most people realize.
I was wondering how long it would be before Trump and Trump’s supporters would begin attempting to take credit for Obama’s economic recovery.
The job market continues to be one of the main strengths of the U.S. economy. July was the 82nd consecutive month of job growth.
But wage growth is sluggish. Wages grew only 2.5% in July compared with a year earlier. The Federal Reserve would like to see wage growth kick up to 3.5%.
“There’s still questions about when we’re…
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