In his State of the Union, Trump said the middle class can become “more prosperous than ever.” While some of his policies helped, others may hurt.
Author: Paul Davidson, USA TODAY
A reality check for Trump’s likely claims of economic success during State of the Union
Trump Is likely to tout the strong economy at Tuesday’s State of the Union. But while his tax cuts boosted growth, they swelled the deficit.
Employers add booming 304,000 jobs in January, marking 100th straight month of employment gains
Employers added 304,000 jobs in January, the 100th straight month of gains. Economists expected 165,000. Government shutdown was set to have modest impact
Government shutdown costs the economy $11 billion, significantly dings Q1 GDP growth, CBO estimates
Government shutdown cost economy $11 billion, with about $3 billion lost permanently, CBO says. Q1 GDP growth to be cut by nearly half percentage point
Wilbur Ross food bank: Most Americans can’t pay $1,000 emergency expense
Most Americans can’t afford $1000 emergency expense, new survey shows. It belies Commerce Sec. Ross’s remarks that federal workers can just get a loan
Boomers made up half of jobs gains in 2018 as older workers stayed on longer
Workers 55 and over made up half of all employment gains in 2018. Many baby boomers are choosing to work longer, attracted by a healthy labor market
December jobs report: 312,000 added, easing recession fears amid stock turmoil
The labor market bounced back in December as employers added312,000jobs amid stock turmoil and increasing worker shortages, easing recession fears.
Jobs: Blue-collar fields revved up hiring this year as white-collar sectors moderated
Blue-collar fields stepped up hiring in 2018 as white-collar sectors moderated. Credit improved global economy, housing recovery, rising oil prices
Q&A: Does the stock market sell-off mean a recession is coming?
Is the stock market’s recent plunge signaling a recession in 2019? Economics reporter Paul Davidson breaks it down.
Mulvaney: Trump ‘now realizes’ he can’t fire Federal Reserve Chairman Jerome Powell
Although the president appoints Fed governors, the Fed is an independent agency and the governors can be fired only “for cause.” It’s unclear if Trump could remove Powell as chairman while he remains a governor.
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