Michigan: A new round of positive economic indicators is giving President Donald Trump fresh evidence of a strong economy and a significant political advantage just as the 2020 presidential election begins to intensify.
The Labor Department said earlier that the unemployment rate fell to a new five-decade low of 3.6%, though the drop partly reflected an increase in the number of Americans who stopped looking for work. And average hourly pay rose 3.2% from the previous year, a healthy gain though unchanged from the previous month.
As per the left-leaning Economic Policy Institute, overall income inequality hasn't narrowed. The richest 5 per cent of Americans earned 3.4 times a median worker's pay in 2018.
Still, by most measures, the U.S. economy is in solid shape.
Read more:US job creation surges in April as jobless rate hits 49-year low
It is expanding at a roughly 3% pace, businesses are posting more jobs than there are unemployed workers, and wage growth, long the economy's weak spot, has picked up.
But there are some who are not convinced with the current economic growth as it has a mixed message.
Few feel that all those blue-collar jobs that paid well just don't exist anymore, and people are struggling to get by. And, the people who are benefiting are the people who were benefiting all along.
