The Biden-Harris administration deserves some credit for this. Somehow, voters think Trump would be better than Harris for the economy. His ideas are terrible.
see that grey line?
— talmon joseph smith (@talmonsmith) October 4, 2024
it's about to be more like 2.2%.
average wage gains are up at 4% now
which means real, inflation adjusted wage gains are about to officially be higher than they were for much of 2019 — the period so many Americans have expressed nostalgia for this cycle. pic.twitter.com/sfLvDROM4l
Four years ago when Trump was president, the Black unemployment rate was 11.9 percent. Now it’s 5.7 percent. The lowest Black unemployment rate in history (4.8%) happened just last year. #jobsreport pic.twitter.com/BVqdY7CYwY
— Keith Boykin (@keithboykin) October 4, 2024
JPMORGAN’s David Kelly, on @CNBC:
— Carl Quintanilla (@carlquintanilla) October 4, 2024
The so-called “misery index” (inflation + unemployment rate) is expected to be ~6.4 points after next week’s #CPI.
“That’s lower than it’s been 89% of the time in the last 50 years.” 🇺🇸 pic.twitter.com/UDivI8o7ma
Pandemic stuff aside, it's striking that in 2024 the economy is still adding jobs at a faster pace than in 2019 or 2017. pic.twitter.com/auulzXXJYQ
— Matthew Yglesias (@mattyglesias) October 4, 2024
The jobs report for September cements my view that the economy is about as good as it gets. The economy is creating lots of jobs across many industries, consistent with robust labor force growth, and thus low and stable unemployment. The economy is at full-employment, no more and…
— Mark Zandi (@Markzandi) October 4, 2024
US manufacturing has grown faster under Biden/Harris than anytime in the modern era. pic.twitter.com/WnwjJFqiHP
— Michael Thomas (@curious_founder) October 2, 2024
I’ve hesitated to say this at the risk of sounding hyperbolic, but with last week’s big GDP revisions, there is no denying it: This is among the best performing economies in my 35+ years as an economist. Economic growth is rip-roaring, with real GDP up 3% over the past year.…
— Mark Zandi (@Markzandi) September 29, 2024