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For Trump, It's Obviously #1. Others Predict Disaster

The economy looks great, but some see a recession coming
By Neal Colgrass,  Newser Staff
Posted May 4, 2019 4:10 PM CDT
President Donald Trump pauses while speaking during a meeting with Slovak Prime Minister Peter Pellegrini in the Oval Office of the White House, Friday, May 3, 2019, in Washington.   (AP Photo/Alex Brandon)

(Newser) – Record job growth. Historic low unemployment. Rising wages. Even the Washington Post—hardly President Trump's biggest backer—is breathless over the US economy, but some experts are wondering whether the party can last. First, the good news: Employers tacked on 263,000 new jobs in April and US unemployment sank to 3.6%, marking 103 consecutive consecutive months of job growth (a record) and the lowest unemployment since 1969. Wages are up for many, the stock markets are strong, and expected high inflation isn't happening. "'Spectacular' is the only way to describe this jobs report,” says a Loyola Marymount University economist. "It is hard to believe that this 10-year-old recovery keeps pumping out home runs." Now, under the hood:

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