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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: FJB who wrote (1087262)9/9/2018 5:42:59 AM
From: Mongo2116  Respond to of 1579147
 
Although his actions have helped strengthen the labor market, the strong positive momentum already was deeply entrenched for years before his election, experts say.

Unemployment rates for blacks, Latinos and all Americans began a steady decline in late 2009 that has continued since Trump took office. The same with the plunge in first-time claims for unemployment benefits.

And the 3.4 million jobs created in the 18 months from December 2016 through May of this year isn’t such an unbelievable number. The U.S. economy added 3.7 million net new jobs in the 18 months immediately before that.

Trump deserves credit for policies — particularly big tax cuts that have boosted job growth this year compared to with 2016 — that have kept the long recovery going, said Harry Holzer, a professor of public policy at Georgetown University.

But much of the credit for the strong labor market belongs to President Obama and other policymakers starting in 2009, he said.

“A lot of what we’re seeing is a continuation of the trends in 2014, ’15 and ’16,” said Holzer, who served as chief economist at the Labor Department during the Clinton administration.

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To: FJB who wrote (1087262)9/9/2018 2:18:37 PM
From: RetiredNow  Respond to of 1579147
 
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