Good Economic News Overshadowed By Kung Flu And Sanders Risks

Good Economic News Overshadowed By Kung Flu And Sanders Risks
Share this

Summary January private sector jobs growth solidly beat expectations (206K vs. 155K), but benchmark revisions going back many years reduced the number of people currently working in the private sector by 440K. At worst, the economy appears to be on a slightly slower growth track now than it was in the first two years of Trump’s administration. At best, the economy appears to have picked up a bit in the past six months, and this reinforces news from the service and manufacturing sectors that the worst of the negative impact of Trump’s tariff wars has passed – capped, of course, by the recent signing of Phase 1 of the U.S.-China trade agreement. January private sector jobs growth solidly beat expectations (206K vs. 155K), but benchmark revisions going back many years reduced the number of people currently working in the private sector by 440K. Jobs growth in earlier periods was revised downwards, but growth in the past six months was increased. A mixed bag, to be sure, but in the end neither worrisome nor cause for celebration. At worst, the economy appears to be on a slightly slower growth track now than it was in the first two years of Trump’s administration. At best, the economy appears to have picked up a bit in the past six months, and this reinforces news from the service and manufacturing sectors that the worst of the negative impact of Trump’s tariff wars has passed – capped, of course, by the recent signing of […]

Vypr VPN 80% Off!

You Might Also Be Interested In…

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.