Here are the facts:
The US economy has now added more than a million net new jobs over the last three months. This was the best 90 days’ worth of hiring since 1997.
More jobs were created in 2014 than during any year since 1999.
759,000 people just joined the labor force and there was no post-holiday seasonal decline – it may be that temporary workers are sticking.
Average hourly wages rose .5% in January.
The cost of living has only risen .8% over the last year while wage growth has outstripped it, rising by 2.2%.
21 of 50 states put through minimum wage hikes, including populous ones like NY, FL and NJ.
US energy consumers have received a cumulative $14 billion tax cut (and counting) as a result of the oil price decline since June.
Consumer confidence just smashed through the highest level since August 2007. Consumers are saying their “present condition” is the best it’s been since January 2008.
Auto sales rose 14% in January 2015 versus 2014, with 1.15 million vehicles sold in the US. Auto sales are now on an annualized pace of 16.6 million vehicles, the highest rate since 2006.
In December, commercial loan demand grew for the first time since June. Consumer loan applications and approvals are also expanding with dirt-cheap borrowing costs at levels that were previously unimaginable.
Single-family housing starts jumped 7.2% in December to an annual pace of 728,000. This is the best level for new home groundbreaking since March 2008. There’s more on the way – single-family home building permits rose 4.5% to their highest level since January 2008.
20% of consumers report that “jobs are plentiful” versus just 25% who say that jobs are hard to find. The differential between the two was cut in half between December and January, from -10 to -5, and shrinking.
96% of Americans with 401(k) accounts are actively participating and the average savings rate is 12% of salary (Fidelity). Among employees contributing to a 401(k) for ten years or more, the average balance is $248,000, up 11% from the end of 2013. The average balance across all 401(k) accounts is now over $100,000 and it has doubled since the end of 2008 (Vanguard).
US household net worth hit $81.5 trillion. This includes all stocks, bonds, properties and business values, minus any debts or liabilities. This is a new all-time record.
You’re welcome to attach any caveats to this data that you’d like to. You can qualify some or all of it. You can speculate on when any of these trends may end or whether the data comes from trustworthy sources. You can point out the various ways in which any or all of these data points are “not telling the real story” or you can dismiss the meaning of the numbers themselves when compared with A, B or C.
That’s up to you. But these are the facts.
RT @BasonAsset: And yet millions will scream that it’s all fake: @ReformedBroker Here are the facts: http://t.co/FLukEvmts8
The facts about the current economy, from @ReformedBroker. President Hillary Clinton it is then. http://t.co/2muGyncelA
RT @ReformedBroker: Here are the facts: http://t.co/3wZNdjQvBL
RT @BasonAsset: And yet millions will scream that it’s all fake: @ReformedBroker Here are the facts: http://t.co/FLukEvmts8
*drops the mic* http://t.co/DazbWOmIiF
Facts are facts… http://t.co/Vq3Ca4hBB3
[…] These are the economic facts, you can add any caveats you’d like (TRB) […]
RT @laurenfosternyc: “There is nothing more deceptive than an obvious fact.” – Arthur Conan Doyle. Here are the facts, by @ReformedBroker h…
Here are the facts: #Employment #Economy #Inflation http://t.co/rO3MH1qR5e
My unvaccinated self sneezes at these “facts” RT @ReformedBroker Here are the facts http://t.co/vjiG3Bn5LO
RT @Contrahour: This kind of sh*t doesn’t sell papers. RT @ReformedBroker Here are the facts: http://t.co/J2wUQtFJ6P
[…] Of The US Economy: Joshua Brown lays out some facts about the US […]
Here are the facts: by @ReformedBroker http://t.co/KbY7un8YuF
Good economic news. Therefore the markets will go down!
Here are the facts: http://t.co/mMtl7fHoyZ
The US is looking strong – http://t.co/4IY95hCgFv