Middle Class Income Rising, Back To Where It Was In 2000

MORE GREAT ECONOMIC NEWS …

As reported at CBS – Boston, Middle class income levels are back to where they were during 2000. The Pew Research Center report, which used the most recent data available; however wait until they use the 2017 and 2018 economic data that will show the levels have blown above the reported 2016 ones.

No wonder the middle class is feeling squeezed. Its income is only returning to where it was in 2000.

The typical family of three had an income of just under $78,450 in 2016, according to a Pew Research Center report, which used the most recent data available. In 2000, it was just under $78,100.

Whatever advances the middle class made in the early 2000s were snuffed out by the Great Recession, said Rakesh Kochhar, a senior researcher at Pew. Its median income had dropped to $74,000 by 2010, and it took several years to return because of the historically slow economic recovery just after the downturn.

Only upper income families have seen some uptick. Their income rose to nearly $187,900 in 2016, compared to $183,700 in 2000.

The Census Bureau will report median household income for 2017 for the nation overall on Wednesday. It rose to just over $59,000 in 2016, up 3.2% from a year earlier.

Small Business Optimism Surges to Highest Level Ever … Better Than Even Under Reagan

ANOTHER ECONOMIC RECORD FOR THE TRUMP PRESIDENCY …

As reported at CNBC, the NFIB Small Business Optimism Index jumped to 108.8 last month, an all-time high. This is the highest level ever recorded in the survey’s 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan’s presidency. President Donald Trump is making good on his promise to “Making America Great Again.”

Main Street optimism hits new August high from CNBC.

U.S. small business optimism surged to a record in August as the tax cuts and deregulation efforts of President Donald Trump and the Republican-led Congress led to more sales, hiring and investment, according to a survey by the National Federation of Independent Business.

The NFIB Small Business Optimism Index jumped to 108.8 last month, the highest level ever recorded in the survey’s 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan’s presidency. The August figure was up from a 107.9 reading in July.

The NFIB noted record readings for job creation plans and the amount of owners saying it was a good time to expand. Capital spending plans were the highest since 2007.

“Today’s groundbreaking numbers are demonstrative of what I’m hearing everyday from small business owners – that business is booming,” said NFIB President and CEO Juanita D. Duggan, in a press release Tuesday. “As the tax and regulatory landscape changed, so did small business expectations and plans.”

I guess Obama will take credit for this as well.

TRUMP Economy: 201,000 Jobs added in August 2018 … Unemployment at 3.9%

Another great jobs report courtesy of the Trump economy ….

As reported at CNBC, 201,000 jobs added to the U.S. economy in August as payroll and wage growth both beat expectations. Economists were predicting a 195,000 payroll gain. Jobs, jobs and more jobs added. Welcome to the Trump economy.

Long-awaited wage growth posted a recovery high in August while payroll gains beat expectations and the unemployment rate held near a generational low of 3.9 percent, according to a Bureau of Labor Statistics report Friday.

Average hourly earnings rose 2.9 percent for the month on an annualized basis, while nonfarm payrolls grew by 201,000. Economists surveyed by Reuters had been expecting earnings to rise 2.7 percent, payrolls to increase by 191,000 and the jobless level to decline one-tenth of a point to 3.8 percent.

The biggest contributor to job gains was professional and business services, which added 53,000. Heath care grew by 33,000, wholesale trade rose by 22,000, and transportation and warehousing contributed 20,000 to the total.

There also were 6,000 new mining jobs in a profession that has added 104,000 positions since October 2016, primarily in support activities.

Construction also grew by 23,000, though manufacturing lost 3,000 positions.

Average hourly earnings increased 10 cents for the month to $27.16.

More Economic Winning: 83% Executives Say Business is Better, 76% See More Growth

MORE ECONOMIC WINNING WITH SOME PUZZLING UNDERLYING DATA …

According the the Washington Examiner, 83% of executives say business is better and 76% see more growth. This is more economic winning under the Trump presidency. However, there are a couple of disturbing quirky elements from this data. Despite the GOP tax cuts that have helped businesses, the executives prefer Democrats in the upcoming midterm congressional elections and also believe that Democrats are better for business. HUH? This makes entirely no sense. The reason why the economy is booming is because President Donald Trump and Republicans lowered taxes and roll back regulations. There was not one vote from Democrats. Also, Democrats are on record that they want to repeal the Trump tax cuts, how could Democrats ever be good for business or growth?

Over eight-in-10 executives believe that business is better than it was two years ago, and almost as many expect further growth in the third year of the Trump administration, according to a new survey of decision makers.

The Zogby Poll from Zogby Analytics, provided to Secrets Friday, also found that both big and small businesses see the economic climate in great shape.

“An overwhelming majority (83 percent) of respondents said business is doing better compared to two years ago. Whether this sentiment is the result of actions put forth during the Obama presidency or Trump presidency is up for debate and will be divided along partisan lines, but at the moment there is momentum building in the U.S. economy,” said the trademarked survey.

America, it was the Trump & GOP tax cuts and his roll back of regulations that has caused to economic boom. The reason why the DOW is up over 8000 since Trump’s election, why the S&P 500 and NASDAQ surged to record highs and why the US consumer confidence has rose to an 18-year high, why we are all-time lows with Black and Hispanic unemployment, small business optimism at 35-year high and why the U.S. Second-Quarter GDP 4.1%, adjusted to 4.2%!!!

FOLKS, THAT IS PRESIDENT DONALD TRUMP AND REPUBLICANS WHO ARE RESPONSIBLE, NOT DEMOCRATS. If you want all this to end and if you want to stop winning, vote Democrat in the midterms and watch it all crash.

US Consumer Confidence Rises to 18-Year High

AND THE TRUMP WINS KEEP ON COMING …

As reported by the AP, United States consumer confidence rose to an 18 year high to 133.4 in August. The Donald Trump wins keep on coming America. But of course the LEFT, Democrats, Never-Trumpers and liberal media would credit Obama for this. Mo matter whether you like him or not or disapprove of his tweets or not, President Donald Trump is good for America, Just off the successful negotiation of NAFTA with Mexico in creating a more favorable trade deal for the US, an ever-rising stock markets setting new highs, comes this great economic news.

Americans’ consumer confidence rose in August to the highest level in nearly 18 years as their assessment of current conditions improved further and their expectations about the future rebounded.

The Conference Board reported Tuesday that its consumer confidence index rose to 133.4 in August, up from a reading 127.9 in July. It was the highest reading since confidence stood at 135.8 in October 2000.

Consumers’ confidence in their ability to get a job and the overall economy are seen as important indicators of how freely they will spend, especially on big-ticket items such as cars, in coming months. Consumer spending accounts for 70 percent of economic activity.

AMERICA, YOU KNOW HOW YOU CAN END ALL THIS WINNING, BY HANDING THE HOUSE AND SENATE TO THE DEMOCRATS. Think about that this coming midterm election before you vote. Do you want to continue the successes under Trump, or do you want it all wiped away and go back to the Obama economy and food stamps?