stevenash Posted April 6, 2017 Report Share Posted April 6, 2017 FROM TODAYS WALL STREET JOURNAL: The U.S. labor market’s post-2008 malaise is finally easing. For investors nervously eyeing President Donald Trump’s This is the hidden content, please Sign In or Sign Up Xi Jinping this Thursday, that should be some comfort. Two themes frequently recurred during Mr. Trump’s unpredictable presidential campaign: the negative effects of free trade on American incomes and jobs, and China’s allegedly unfair trade practices. But an interesting thing has happened since Mr. Trump’s surprise election: U.S. wage growth has finally started picking up—with average earnings up 2.8% in February from a year earlier, their second best showing since 2009—while unemployment has eased. As Americans’ paychecks improve, so has their mood toward China. Pew Research Center’s latest survey of U.S. attitudes shows China’s net favorability rating up 15 percentage points in early 2017 compared with a year ago, the biggest positive swing in eight years. Quote Link to comment Share on other sites More sharing options...
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