The U.S. jobs report for the month of May was released on Friday — and the results were promising. More new jobs were added to the U.S. economy than expected, the unemployment rate dipped down to a measly 3.8 percent, and average hourly wages rose about 2.7 percent.
But despite the stellar report, critics of President Donald Trump still had something to complain about. House Minority Leader Nancy Pelosi found just one key economic metric that lagged behind the others — and she didn’t hesitate to blame Trump and Republicans for it.
Pelosi released a statement on Friday which dismissed all of the great economic news in the report to focus on the fact that wages weren’t rising quite as fast as some of the report’s other key metrics.
“May’s jobs report shows that strong employment numbers mean little to the families hit with soaring new costs under the Republicans’ watch,” Pelosi said.
She went on to blame rising health care costs on Republican “sabotage,” and even claimed that big corporations were hoarding their profits from what she repeatedly called the “GOP tax scam.”
“At the same time, the president’s reckless policies are exploding gas prices, wiping out the few meager gains that some families should have received from the GOP tax scam, as wages remain stagnant,” Pelosi said.
She added: “Thanks to the massive windfall of the GOP tax scam, Wall Street and wealthy corporations are on track to spend $1 trillion on dividends and stock buybacks while simultaneously announcing tens of thousands of layoffs and shipping jobs overseas and refusing to raise workers’ wages.”
It is true that wages haven’t been rising at a rapid clip similar to other economic metrics — but they aren’t exactly “stagnant” either, at least not as stagnant as wage growth was during the tenure of former President Barack Obama, according to information compiled by the Economic Policy Institute‘s Nominal Wage Tracker.
While the Institute suggested healthy wage growth should be in the 3.5 to 4 percent range, it hasn’t been there since the economic crash and recession of 2008.
Following a low point in 2012-13, when wage growth was barely higher than 1 percent, the rate steadily climbed over the course of 2015 through 2017, and it appears poised to track much higher than 2.7 percent as 2018 progresses.
[show_poll poll_id=333]
The truth is, the U.S. economy is booming right now in large part because of President Trump’s tax-trade and deregulatory policies, even if wage growth is still lagging behind everything else.
That good news doesn’t help Democrats like Pelosi ahead of this year’s midterms, though, so she and her colleagues will continue reaching for anything they can use to bash Trump, as embarrassingly hypocritical as that may be.
1,143 Responses
i would be busy again doing some home decors this coming christmas, i’d be buying some new decors for the season~
Thanks for sharing your thoughts on meta_keyword. Regards|
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You definitely know what youre talking about, why waste your intelligence on just posting videos to your site when you could be giving us something informative to read?
I think other web site proprietors should take this web site as an model, very clean and excellent user genial style and design, let alone the content. You are an expert in this topic!
I enjoy what you guys tend to be up too. This type of clever work and coverage! Keep up the fantastic works guys I’ve incorporated you guys to my personal blogroll.
Hi, Neat post. There’s a problem with your site in web explorer, would test this… IE nonetheless is the marketplace chief and a big component to other folks will omit your fantastic writing due to this problem.
You must take part in a contest for among the best blogs on the web. I will suggest this web site!
I do not even know how I ended up here, but I thought this post was great. I do not know who you are but certainly you’re going to a famous blogger if you aren’t already 😉 Cheers!
Valuable information and also excellent design and style you got here! I would like to thank you for sharing your thoughts and time into your stuff you post!! Thumbs up
ดูหนังออนไลน์มักถูกแบ่งออกเป็นกลุ่ม ๆ ตามส่วนประกอบของภาพยนตรหลักๆ สามอย่าง ได้แก่ ฉาก, อารมณ์ และรูปแบบ ฉากหมายถึงสถานที่และสิ่งแวดล้อมที่เรื่องราวในภาพยนตร์ดำเนินไป อารมณ์หมายถึงความรู้สึกที่ผู้ชมได้รับตลอดการชมภาพยนตร์ และรูปแบบหมายความกว้างๆ ถึงอุปกรณ์ที่ใช้ถ่ายทำและวิธีการเล่าเรื่อง
Hello! I realize this is sort of off-topic but I had to ask. Does running a well-established blog such as yours require a lot of work? I am completely new to operating a blog but I do write in my journal everyday. I’d like to start a blog so I can share my own experience and views online. Please let me know if you have any kind of suggestions or tips for brand new aspiring blog owners. Thankyou!|
The the next occasion Someone said a blog, I really hope who’s doesnt disappoint me about this blog. After all, I know it was my choice to read, but I just thought youd have some thing intriguing to talk about. All I hear is really a number of whining about something you could fix in case you werent too busy seeking attention.
I was recommended this website through my cousin. I’m no longer certain whether or not this submit is written by him as nobody else understand such targeted about my difficulty. You are incredible! Thanks!|
Greetings! I’ve been reading your web site for some time now and finally got the bravery to go ahead and give you a shout out from Houston Texas! Just wanted to tell you keep up the fantastic work!
Hello. impressive job. I did not expect this. This is a impressive story. Thanks!
This design is spectacular! You obviously know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Fantastic job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!
Lady Gaga is looking to get to be reincarnated as a ‘mean and ferocious version to do with herself in a future lifetime.
The Nectarine has smooth-slick pores and skin like a Plum. The flavor is resembling a Peach. The significant distinction is that the Peach has a rough protective skin a prickly fiber that protects the fruit and if not wiped-off can damage your tongue….
This was novel. I wish I could read every post, but i have to go back to work now… But I’ll return.
Keep on writing, great job!|
It’s actually a great and helpful piece of info. I am happy that you just shared this helpful information with us. Please stay us up to date like this. Thank you for sharing.|
Thank you for each of your efforts on this web page.
I needed to draft you the little bit of note to help thank you so much as before for the wonderful methods you’ve provided here. It has been pretty open-handed of you to supply unreservedly what a number of people would’ve advertised for an e book to end up making some bucks for their own end, principally since you might have done it in the event you considered necessary. Those strategies in addition acted to provide a good way to be aware that many people have similar fervor similar to my very own to understand a great deal more on the topic of this matter. I’m sure there are a lot more pleasurable sessions up front for individuals who scan your blog.
I’ve read several good stuff here. Definitely worth bookmarking for revisiting. I wonder how much effort you put to make such a fantastic informative web site.
What’s up, this weekend is fastidious for me, since this time i am reading this fantastic educational article here at my residence.|
This is my first time pay a quick visit at here and i am really impressed to read everthing at alone place.|
Oh my goodness! an amazing article dude. Thanks However I’m experiencing problem with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting an identical rss downside? Anyone who knows kindly respond. Thnkx
Nice blog here! Also your website loads up very fast! What host are you using? Can I get your affiliate link to your host? I wish my web site loaded up as fast as yours lol
i have seen a few mobile browsers and used some of them, they are still a bit slow;;
But a smiling visitant here to share the love (:, btw great layout.
Hmm it seems like your blog ate my first comment (it was extremely long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog. I too am an aspiring blog writer but I’m still new to everything. Do you have any tips and hints for newbie blog writers? I’d genuinely appreciate it.
Hello! I know this is somewhat off topic but I was wondering which blog platform are you using for this site? I’m getting tired of WordPress because I’ve had issues with hackers and I’m looking at alternatives for another platform. I would be fantastic if you could point me in the direction of a good platform.|
Have you ever considered about adding a little bit more than just your articles? I mean, what you say is valuable and everything. However just imagine if you added some great graphics or video clips to give your posts more, “pop”! Your content is excellent but with pics and video clips, this website could undeniably be one of the greatest in its field. Fantastic blog!
If you would like to improve your knowledge just keep visiting this web page and be updated with the most recent news posted here.|
Hey there just wanted to give you a brief heads up and let you know a few of the images aren’t loading properly. I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same outcome.
It’s really a great and helpful piece of info. I’m satisfied that you just shared this helpful info with us. Please keep us informed like this. Thank you for sharing.
Its such as you learn my thoughts! You seem to understand a lot about this, such as you wrote the e-book in it or something. I think that you just could do with a few to drive the message home a bit, however other than that, that is wonderful blog. A fantastic read. I’ll certainly be back.|
I discovered your blog web site on google and verify a couple of of your early posts. Proceed to maintain up the excellent operate. I simply further up your RSS feed to my MSN News Reader. Looking for ahead to studying extra from you later on!…
It is not my first time to pay a visit this website, i am visiting this site dailly and get fastidious facts from here everyday.
Hey very cool website!! Guy .. Beautiful .. Wonderful .. I will bookmark your web site and take the feeds additionally…I’m happy to find numerous useful info right here within the publish, we’d like work out more techniques in this regard, thank you for sharing. . . . . .