i don t think investors or economists are going to freak out about this because it s being distorted by the gm strike. that took tens of thousands of gm workers out of the labor force. it caused layoffs for some of the suppliers, as well. if you look at the last year, we ve seen that job gains have slowed down. if you look at the average for 2019, 161,000 jobs have been gained. that s below of last year s pace of 223,000. and it s below the final year under president obama. not a big surprise because there s not enough workers. unemployment rate is really low. and there s challenges like the trade war out there. the economy is doing well. and someone that loves to take credit for that is president trump. he tweeted yesterday that the impeachment hoax is hurting our stock market. there it is. how realistic is that? is the impeachment playing a
role in the stock market? or does the dip have uncertainty over trade? it doesn t have anything to do with impeachment at all. the stock market hit all-time highs on wednesday. i don t understand how anything is hurting the stock market. even though it went down yesterday, the s&p is just 1% away from the record highs. this is more about the economy and the trade war. investors were spooked because of the bloomberg news report, suggesting that china may not want to make a long-term trade deal with the united states. and there was another reminder of how much damage the trade wawar is doing. there s a midwest factory activity report. new numbers have been plunging, as well. it s a reminder why they need to get a trade deal done. central to the president s re-election message, is that the economy is strong. his trade war is not hurting average people. but you look at coal country. and a big story, murray energy