Job growth slowing = normal. More idle capacity during recovery. Now at full employment Wage growth slowing = odd. Full employment should mean more upward pressure on wages, not less Anecdotes of workers getting one-time bonuses, while nice for them, doesn't contradict this data https://twitter.com/mattyglesias/status/958526664685883398 …
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Here's job growth since 2010 (per year, percent change from previous year). As you can see, job growth was positive in 2017. But grew slower than in 2016 (and 2016 grew slower than 2015). 2017 saw the slowest job growth since 2011.pic.twitter.com/gk33jVuql0
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Here's wage growth since 2010 (per year, percent change from previous year). As you can see, wages grew in 2017, but wage growth slowed compared to 2016. That being said, wage growth in 2017 was second best of any year since before the Great Recession.pic.twitter.com/oIFAixJuqV
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Takeaways: 1) Trump's bragging about jobs/wages not supported 2) Labor market's pretty good. Overall trend since 2010 remains positive 3) Anecdotes notwithstanding, need another year to judge if tax bill boosts wages 4) And, as always, presidents don't really control the economy
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