A RED-HOT ECONOMY
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.
Statistics from the Bureau of Labor Statistics have inspired positive coverage about President Trump for a change.