A RED-HOT ECON­OMY

The Washington Times Weekly - - Politics -

The stock mar­ket jit­ters late last year gave the hos­tile news me­dia an ex­cuse to claim that the U.S. econ­omy was fal­ter­ing, and that the Trump ad­min­is­tra­tion’s happy era had ended. Things change. News or­ga­ni­za­tions have no­ticed.

“The la­bor force par­tic­i­pa­tion rate hit a near six-year high. Wage growth hit a 10-year high. Dems run­ning for pres­i­dent are go­ing to have a mighty hard time ex­plain­ing to vot­ers how their so­cial­ist poli­cies are a bet­ter path­way to eco­nomic pros­per­ity,” sum­ma­rizes Michael Reed, re­search di­rec­tor for the Re­pub­li­can Na­tional Com­mit­tee.

He cites re­cent Bureau Of La­bor sta­tis­tics which found that the “non­farm pay­roll” has in­creased by 4,879,000 in the two years since Pres­i­dent Trump took of­fice, with an in­crease of 304,000 jobs in Jan­uary alone.

The num­bers have in­spired some pos­i­tive press cov­er­age for a change. CNN deems the gains “re­mark­able,” while Mar­ketWatch now de­scribes a “blowout” econ­omy.

“With the high­est la­bor force par­tic­i­pa­tion rate in 6 years, the job mar­ket con­tin­ues to defy ex­pec­ta­tions,” said Ax­ios on the new stats.

“U.S. job growth surged in Jan­uary, with em­ploy­ers hir­ing the most work­ers in 11 months, point­ing to un­der­ly­ing strength in the econ­omy,” noted Reuters.

“What do these num­bers mean?” MSNBC’S Mika Brzezin­ski asked one CNBC an­a­lyst.

“They mean that the econ­omy is still go­ing strong and that ac­tu­ally, em­ploy­ers aren’t re­ally phased by the shut­down,” replied Sarah Eisen.

“Wages and salaries for Amer­i­can work­ers rose more than 3 per­cent over the past year, the first time that thresh­old has been bro­ken in more than 10 years,” said fel­low CNBC an­a­lyst Jeff Cox.

“The em­ploy­ment cost in­dex, which the Bureau of La­bor Sta­tis­tics re­leases quar­terly, showed a 3.1 per­cent gain in the wages and salaries com­po­nent in the fourth quar­ter of 2018. That’s up from 2.9 per­cent in the third quar­ter and tied for the big­gest gain since the third quar­ter of 2008,” he noted. said in 1985, ‘CPAC is the op­por­tu­nity to dance with the one who brung ya.’ The pow­er­ful com­bi­na­tion of knowl­edge and ac­tivism is crit­i­cal for the ad­vance­ment of con­ser­vatism,” the or­ga­niz­ers ad­vise.

The ever-ex­pand­ing speak­ers’ roster in­cludes such no­table Re­pub­li­can law­mak­ers as Sen. John Bar­rasso of Wy­oming and Reps. Matt Gaetz of Florida and Jim Banks of In­di­ana. Big thinkers in­clude Mark Levin, Michelle Malkin, An­drew McCarthy and Gor­don Chang. In­ves­tiga­tive stal­warts Tom Fit­ton, James O’Keefe and Sara Carter are in the mix, along with Kay Coles James, pres­i­dent of the Her­itage Foun­da­tion. And speak­ing of stal­warts, Amer­i­can Con­ser­va­tive Union Chair­man Matt Sch­lapp, of course, will be a guid­ing pres­ence through­out.

Track the de­vel­op­ments and up­dates as they ar­rive at CPAC.org.

AS­SO­CI­ATED PRESS

Sta­tis­tics from the Bureau of La­bor Sta­tis­tics have in­spired pos­i­tive cov­er­age about Pres­i­dent Trump for a change.

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