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Reason #411 Why Congress Must Make the Tax Cuts Permanent

Today's Bureau of Labor Statistics employment report.

Nonfarm payroll employment increased by 193,000 in January, and the unemployment rate fell to 4.7 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today.

For those keeping score at home, that's the lowest unemployment has been since mid-2001.  Back when we were scratching our heads about how the unemployment rate could be sustained below what we long considered to be the natural rate of unemployment, traditionally pegged at just under 6% (of course we were on the cusp of learning it was not to be sustained).

But this time we've gotten there without meaningful inflation or bubbly stock valuations.  Economy, thy name is Goldilocks.

Furthermore:

Employees' average hourly earnings climbed to $16.41 in January, up 0.4 percent from December. That increase was slightly larger than the 0.3 percent rise that economists were expecting.

The tax cuts help only the rich?

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Reason #411 Why Congress Must Make the Tax Cuts Permanent

Today's Bureau of Labor Statistics employment report.

Nonfarm payroll employment increased by 193,000 in January, and the unemployment rate fell to 4.7 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today.

For those keeping score at home, that's the lowest unemployment has been since mid-2001.  Back when we were scratching our heads about how the unemployment rate could be sustained below what we long considered to be the natural rate of unemployment, traditionally pegged at just under 6% (of course we were on the cusp of learning it was not to be sustained).

But this time we've gotten there without meaningful inflation or bubbly stock valuations.  Economy, thy name is Goldilocks.

Furthermore:

Employees' average hourly earnings climbed to $16.41 in January, up 0.4 percent from December. That increase was slightly larger than the 0.3 percent rise that economists were expecting.

The tax cuts help only the rich?