To all my posters on the Politics Forum(even the cranky ones), enjoy the profits and times with family these Holidays. 2017 has been a helluva great year with a ton of successes, 2018 will be even greater!
America’s unemployment rate is already very low. Goldman Sachs says it will go even lower.
The Wall Street investment bank says the unemployment rate is likely to fall to 3.5 percent by the end of 2019. In a report issued last week, Goldman’s economists predicted that unemployment would keep falling because of increasing optimism helped along by tax cuts. Wage growth should also pick up, the bank said.
“Such a scenario would take the U.S. labor market into territory almost never seen outside of a major wartime mobilization.
The U.S. would have undergone a transformation from the “weakest labor market in postwar U.S. history” in the early years of the Obama administration to “one of the tightest.”
Goldman sees U.S. growth in the next couple of years as the highest among developed nations.https://nypost.com/2017/11/23/trump-praises-highest-stock-market-ever-on-thanksgiving/
Trump praises ‘highest stock market ever’ on Thanksgiving
President Trump took to Twitter to wish Americans a happy Thanksgiving and touted the surging stock market, job growth, a vow to build a border wall and a new Supreme Court justice as evidence of his administration’s accomplishments.
“HAPPY THANKSGIVING, your Country is starting to do really well. Jobs coming back, highest Stock Market EVER, Military getting really strong, we will build the WALL, V.A. taking care of our Vets, great Supreme Court Justice, RECORD CUT IN REGS, lowest unemployment in 17 years,” Trump wrote on the site.
A few minutes later Trump, who is spending the Thanksgiving holiday at his exclusive Florida resort, posted one more tweet.
“MAKE AMERICA GREAT AGAIN!,” it said.
NASDAQ closed at a record high on Wednesday at 6,867.36 but the S&P 500 and the Dow Jones Industrial Average closed slightly lower.
Employers added 261,000 jobs last month and the unemployment rate fell to 4.1 percent, the lowest it’s been since December 2000, the Labor Department said.
Neil Gorsuch, Trump’s pick for the Supreme Court, was confirmed by the Senate in April.
And building a wall along the Mexican border was a top rallying cry for Trump during his 2016 presidential campaign.
Some funding has been approved for the wall, but much of it is caught up in negotiations over immigration policies.
