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US Economic Slowdown?

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Jun 07, 2019, 14:58


US economy adds far fewer jobs than expected in May


The official employment report out Friday showed that hiring slowed sharply last month. The latest employment report could assuage concerns that the expansion could be running out of steam.

On Wednesday, the ADP National Employment Report out showed the private sector created the fewest jobs in nine years in May. In the latest snapshot of the American economy, the official employment report out Friday showed that hiring slowed sharply in May.

The Bureau of Labor Statistics said the US economy added 75,000 nonfarm payrolls in March, compared with economist expectations for an increase of 180,000 jobs. The unemployment rate held steady at 3.6%.
The latest employment report could assuage concerns that the expansion could be running out of steam. On Wednesday, the ADP National Employment Report out showed the private sector created the fewest jobs in nine years in May.

Escalating trade tensions have put businesses and investors on edge in recent weeks, with growth in the US and elsewhere already expected to slow over the next year.

"In our estimation, the trade wars the United States finds itself ensnared in are going to cause hiring to slow as business sentiment eases, productivity-enhancing capital expenditures fall off, and the damage eventually spills over into the consumer sector," said Joseph Brusuelas, the chief economist at RSM.

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Perhaps Trump just cut business tax to give the economy a short term boost, taking away resource from the public health system etc.
It could be things are starting to catch up with him - in that he is just not a very well liked person - other than the far right wing who love him. 

My guess is that if there is, in fact, an economic slowdown - he is Toast and will lose the election. 



Jun 07, 2019, 22:49

Whoosh!!!

Jun 08, 2019, 09:23

SB

When there is a slowdown in economic growth  it will not mean that the people will lose their newly acquired jobs and the fact remains that the economic growth under Obama never went to the community at large. 

The working class standard of living of blue collar workers - 68% of the voters - has dropped by 10% over the last 20 years  and they are effectively poorer than they  used  to be.   Joblessness amongst that sector of the voters increased drastically.   That was the reason for the election of Trump - it was the rebellion of the deprived against the political and economic elite.   That is why Trump won in the States of Ohio, Pennsylvania, Michigan and Wisconsin - the so-called Rust Belt States,   It was called that because of closure of local  factories and relocation of production to China, Mexico and other states with low wage capacity.

Will the people not remember their misery caused by the previous Republican and Democrat   presidents and put their trust in a Party of whom 50%  of their representatives are  extreme leftists and effective communists?

Sorry - the chances of Democratic victory remains remote and your great hope is not going to work out.   Trump will be re-elected in 2020 probably by a much larger  majority than he got in 2020.   So dream on. 

Jun 08, 2019, 09:23

SB

When there is a slowdown in economic growth  it will not mean that the people will lose their newly acquired jobs and the fact remains that the economic growth under Obama never went to the community at large. 

The working class standard of living of blue collar workers - 68% of the voters - has dropped by 10% over the last 20 years  and they are effectively poorer than they  used  to be.   Joblessness amongst that sector of the voters increased drastically.   That was the reason for the election of Trump - it was the rebellion of the deprived against the political and economic elite.   That is why Trump won in the States of Ohio, Pennsylvania, Michigan and Wisconsin - the so-called Rust Belt States,   It was called that because of closure of local  factories and relocation of production to China, Mexico and other states with low wage capacity.

Will the people not remember their misery caused by the previous Republican and Democrat   presidents and put their trust in a Party of whom 50%  of their representatives are  extreme leftists and effective communists?

Sorry - the chances of Democratic victory remains remote and your great hope is not going to work out.   Trump will be re-elected in 2020 probably by a much larger  majority than he got in 2020.   So dream on. 

Jun 08, 2019, 09:50

Sharktwit hopes like HELL the US economy will go down. 

Unfortunately for him the lowest unemployment rates if history for minorities and the continuing economic boom will see his hope of Trump not being re elected crashing. 

The Reba lancing of trade will see GDP growth of over 5%. This and the unmasking and indictment of coup plotters and the many criminal acts of the Deep State and Demorats all helps Trump.

The nutcase policies of the raving loons on the far left ensures their defeat. 

Sharktwit is a malevolent person wishing for the worst for the USA. He has zero independence of thought and is an abject repository of globalist propaganda and PC BS. 

Prove me wrong Sharktwit I will be happy if you can. 

Jun 08, 2019, 10:10

Sharktwit the far right you refer to are patriotic Americans who love their country. Far right is now a badge of honor.

Your ignorance of what has inspired the amazing Trump economy is appalling.  Tax cuts were a great move on many fronts but deregulation was as important. Then there was the Trump energy boom. Now we have Trump fighting for better trade terms.

I hope he succeeds. The USA has a deficit off some 21 trillion or so and that needs to stop growing. Hussein Obummer doubled the national debt taking it from roughly 10 to 20 trillion dollars with zero to show for it. Showing the folly of putting an anti American Muslim activist in charge.

Obummer of course was intimately involved in the coup attempt and should be hung for treason. We shall see how that pans out. 

Your main problem sharktwit is that you are a complete dupe of the globalist MSM. Wise up oak. 

Jun 08, 2019, 10:35

Like I have said before, Trumps most loyal supporters outside of America are the far right winger Boers. They love him. Even more than the rednecks in America.

Jun 08, 2019, 11:47

Trump has massive support in Europe. The Globalist MSM didn't show the huge crowd that gathered to support him. In London, far bigger than the counter protest. 

Your extreme left marxist/globalist buddies and their Muslim buddies are losing. 

Trump and leaders like him are changing the world. 

Trump is going to win big in 2020. Watch also how the Trump like leaders on Europe fight back. Trudeau in Canada is finished. Hahahaha it's all good news. 



 
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