I thought it was a pretty good report. And I’ve always liked good jobs reports. I don’t care about this but I will note that the labor participation rate is lower now than when Trump took office. That used to be a big deal. But good news is good news. I’m glad that the positive economic numbers from the Obama administration have continued. Of course Trump ■■■■■■■ ■■■■■■■■■ that he is managed to ■■■■ things up a bit by hinting about the numbers by tweet before they were released. Which presidents are not supposed to do. And there’s no defending that.
"Costco Wholesale Corp. said Thursday it would raise its minimum wage and boost pay for 130,000 U.S. store staff, intensifying the battle for unskilled workers in a tight U.S. job market.
The retail chain, second only to Walmart Inc. in terms of U.S. sales, said it would increase its starting hourly wages by $1 to $14 or $14.50 an hour. Other hourly workers will receive raises of between 25 cents and 50 cents. The new wages take effect on June 11.
Executives said the company was using some of its savings from last year’s U.S. tax overhaul to invest in its workforce. The legislation lowered the corporate tax rate, a boon for companies like Costco with large U.S. operations."
“Report: US Oil Output Jumps To Record High In March”
"U.S. crude oil production jumped 215,000 barrels per day (bbl/d) to 10.47 million bbl/d in March, the highest on record, the Energy Information Administration (EIA) said in a monthly report on May 31.
Production in Texas rose by 4% to almost 4.2 million bbl/d, a record high based on the data going back to 2005. The Permian Basin, which stretches across West Texas and eastern New Mexico, is the largest U.S. oil field.
Output from North Dakota held around 1.2 million bbl/d, while output in the federal Gulf of Mexico declined 1.1% to 1.7 million bbl/d.
The agency also revised February oil production down by 5,000 bbl/d to 10.26 million bbl/d.
U.S. crude oil output rose above 10 million bbl/d late last year for the first time since the 1970s, overtaking top oil exporter Saudi Arabia, but it still lags behind top producer Russia, which pumps just below 11 million bbl/d."
That’s a bullish pattern. No problem at all. Setting up a breakout. Higher lows after a big sell off. Higher highs too. Russels back to record territory, Nas is up 100+ today.
Excellent point, the Obama economy was propped up with trillions of dollars from the Fed. Fed holdings went from like 4% of GDP to 25% during the Obama regime.