Living in the Good Old Days RIGHT NOW! U.S. Economy Rocking!

Economically speaking these are fantastic times for most Americans!

Do you remember when the U.S. Unemployment Rate was this low?

In December 1969!

Elvis was still the King

Gas was $.36/gallon – U.S. Postage Stamp cost $.06 – average new home price was $4,976

and life was great!

It’s been 50 years since unemployment was this low!!!!

Hispanic, African American and Asian American unemployment at all-time lows! Lowest female unemployment rate since 1954!

U.S. creates 263,000 jobs in April as unemployment falls to 49-year low

Lowest unemployment in 19 years for workers without bachelor’s degrees in April

More Exciting Facts:

Today, open jobs exceed the number of Americans classified as officially unemployed by more than 1 million.
Equally important is that wages are rising again, up over 3% annually for the first time in over a decade! This is my favorite economic indicator.
And the gains in wages are not just tilted toward the rich. Among full-time workers age 25+, usual weekly earnings are up 3.5% for those in the middle of the income spectrum. But wages are up 4.9% for workers at the bottom 10% of earners, while up 1.7% for those at the top 10% of income earners. A rising tide is lifting all boats.
Manufacturing jobs are finally growing again in the U.S
U.S. enjoys best manufacturing jobs growth of the last 30 years
U.S. in back to being energy independent!
The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years
85% of Americans had a federal income tax cut.
H&R Block: Taxes Down 25 Percent This Year
This combined with corporate tax cuts and less zealous government regulation is one of the main drivers to economic success. Sorry to the minority that didn’t get a tax cut as you probably live in a high property and or state income tax state and don’t have dependent age children.
By the way, the 2017 Tax Cut and Jobs Act reduced tax rates resulting in record income tax receipts. More people working and corporations earning more money generates more taxable income and greater income tax revenue. DON’T EVER BELIEVE THE NONSENSE THAT TAX CUTS NEED TO BE PAID FOR. They actually raise revenue all by themselves. ECON 101.

So enjoy the good economic times, they should be here for as long as these type of economic policies are in place. That’s not to say there won’t be a slow down along the way , but things are looking up!