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CEA
Council of Economic Advisers | Tweets may be archived:
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CEA Aug 16
Replying to @WhiteHouseCEA
Unemployment rates in , , , and reached new series lows. 5 other States matched series lows: , , , , and .
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CEA Aug 16
48 States had unemployment rates under 5% in July 2019 according to new data release.
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CEA Aug 15
Replying to @WhiteHouseCEA
Nominal hourly compensation grew 4.3% during the past four quarters, up from 3.5% over the year-earlier period.
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CEA Aug 15
According to new data out today from , nonfarm business sector labor productivity increased 2.3% at an annual rate in the second quarter, as output grew 1.9%.
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CEA Aug 15
Replying to @WhiteHouseCEA
The retail sales group, the portion of these data used to estimate the consumer spending part of , increased 1.0% in July, above market expectations. These data comprise about 20% of GDP.
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CEA Aug 15
Replying to @WhiteHouseCEA
The solid 1.0% July increase in the “retail sales group” together with small upward revisions to earlier months imply a strong start to third-quarter consumer spending, which is likely to grow in the 2½-to-4% range at annual rate.
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CEA Aug 15
Third quarter spending was off to a strong start with total retail sales increasing 0.7% in July, exceeding market expectations by 0.4 percentage point.
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CEA Aug 13
ICYMI: released its July 2019 Report, which reveals surging optimism as small business owners plan to hire more and interest rates remain historically low.
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CEA Aug 13
Replying to @BLS_gov
. also released this morning the Real Earnings report. Real average hourly earnings for all private nonfarm employees increased 1.3% in July from 12-months prior while real earnings for production and nonsupervisory employees increased 1.6% over the same period.
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CEA Aug 13
Prescription drug prices decreased 0.8% in July from 12 months prior according to today’s Consumer Price Index (CPI) data release from . Prescription drug prices have decreased in 7 of the most recent 8 months through July.
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CEA Aug 2
Read more about new numbers out today: U.S. Economy Added 164,000 New Jobs in July; Nominal Average Wages Increased 3.2 Percent Over the Past 12 Months
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CEA Aug 2
Replying to @WhiteHouseCEA
The unemployment rate remains near its lowest rate in nearly 50 years, holding steady at 3.7%, making July the 17th consecutive month at or below 4%. The number of long-term (27+ weeks) unemployed individuals in July reached the lowest number since June 2007.
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CEA Aug 2
Replying to @WhiteHouseCEA
For the 12th straight month, wages grew at least 3 percent, year-over-year. Nominal average hourly earnings rose by 3.2 percent over the past 12 months. Wage growth accelerated after the passage of the Tax Cut and Jobs Act.
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CEA Aug 2
The economy added 164,000 jobs in July; the sector created nearly a tenth of the gains in July (+16k).
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CEA Jul 31
Lowest wage earners have the fastest nominal wage growth (8.9%) since signed . Growth in nominal median usual weekly earnings for the 10th percentile of full time wage & salary workers btwn 2017:Q4 and 2019:Q2 was faster than any other income group reported
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CEA Jul 31
Replying to @WhiteHouseCEA
In fact, post-TCJA growth is even faster than the pace set during the Obama Administration’s expansion period.
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CEA Jul 31
Thanks in part to the Tax Cuts and Jobs Act (TCJA) and other pro-growth policies of 's Administration, Americans are earning more. Since the passage of the in December 2017, real disposable personal income per household has increased $5,205 as of June 2019!
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CEA Jul 30
Replying to @WhiteHouseCEA
Consumers’ appraisal of the job market was also more upbeat in July than prior months.
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CEA Jul 30
Replying to @WhiteHouseCEA
The July boost is from consumers’ increased confidence in current business and labor market conditions, as well as their personal financial outlook.
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CEA Jul 30
New data out today from reveals Consumer Confidence Index skyrocketed in July to its highest level in 2019 (135.7 in July, up from 124.3 in June).
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